<SEC-DOCUMENT>0000950142-13-000623.txt : 20130315
<SEC-HEADER>0000950142-13-000623.hdr.sgml : 20130315
<ACCEPTANCE-DATETIME>20130315172527
ACCESSION NUMBER:		0000950142-13-000623
CONFORMED SUBMISSION TYPE:	40-F
PUBLIC DOCUMENT COUNT:		30
CONFORMED PERIOD OF REPORT:	20121231
FILED AS OF DATE:		20130315
DATE AS OF CHANGE:		20130315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILVER STANDARD RESOURCES INC
		CENTRAL INDEX KEY:			0000921638
		STANDARD INDUSTRIAL CLASSIFICATION:	MINERAL ROYALTY TRADERS [6795]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35455
		FILM NUMBER:		13695265

	BUSINESS ADDRESS:	
		STREET 1:		999 W HASTINGS ST
		STREET 2:		SUITE 1400
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2W2
		BUSINESS PHONE:		604-689-3846

	MAIL ADDRESS:	
		STREET 1:		999 W HASTINGS ST
		STREET 2:		SUITE 1400
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2W2
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-F
<SEQUENCE>1
<FILENAME>eh1300409_40f-2012.htm
<DESCRIPTION>FORM 40-F
<TEXT>
<html>
<head>
    <title>eh1300409_40f-2012.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">UNITED STATES</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Washington, D.C.&#160;&#160;20549</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FORM 40-F</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(Check One)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">[&#160;&#160;]&#160;&#160;Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="MARGIN-LEFT: 198pt">or</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">[X]&#160;&#160;Annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>
<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">For the fiscal year ended<font style="DISPLAY: inline; FONT-WEIGHT: bold"> December 31, 2012</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Commission file number<font style="DISPLAY: inline; FONT-WEIGHT: bold"> I-35455</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SILVER STANDARD RESOURCES INC.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(Exact name of registrant as specified in its charter)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="23%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">British Columbia</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">(Province or other jurisdiction of</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">incorporation or organization)</font></div>
</td>
<td valign="top" width="1%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>
</td>
<td valign="top" width="23%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1311</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">(Primary Standard Industrial</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Classification Code Number (if </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">applicable))</font></div>
</td>
<td valign="top" width="1%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>
</td>
<td valign="top" width="23%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Not applicable</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">(I.R.S. Employer</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Identification Number (if applicable))</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Suite 1400-999 West Hastings Street, Vancouver, British Columbia, Canada&#160;&#160;V6C 2W2</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(604) 689-3846</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(Address and Telephone Number of Registrant&#8217;s Principal Executive Offices)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CT Corporation System, 111 8<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> Avenue, New York, NY&#160;&#160;10011</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(212) 894-8940</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(Name, Address (Including Zip Code) and Telephone Number</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(Including Area Code) of Agent For Service in the United States)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Securities registered or to be registered pursuant to Section 12(b) of the Act.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="35%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Title of each class</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
<td valign="top" width="35%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Name of each exchange on which registered</font></font></div>
</td>
</tr><tr>
<td valign="top" width="35%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Common Shares without par value</font></div>
</td>
<td align="left" valign="bottom" width="1%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td valign="top" width="35%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Nasdaq Global Market</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Securities registered or to be registered pursuant to Section 12(g) of the Act.&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">None</font></font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">None</font></font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">For annual reports, indicate by check mark the information filed with this Form:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="35%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font> Annual Information Form</font></div>
</td>
<td align="left" valign="bottom" width="1%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td valign="top" width="35%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font> Audited Annual Financial Statements</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>
<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Indicate the number of outstanding shares of each of the issuer&#8217;s classes of capital or common stock as of the close of the period covered by the annual report:&#160;&#160;80,747,767</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>
<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="40%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="37%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Yes<font style="DISPLAY: inline">&#160;&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings; FONT-SIZE: 10pt">x</font></font></font></div>
</td>
<td valign="top" width="37%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">No&#160; <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (s.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="40%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="37%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Yes<font style="DISPLAY: inline">&#160;&#160;<font style="DISPLAY: inline; FONT-FAMILY: wingdings; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></font></font></div>
</td>
<td valign="top" width="37%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">No&#160; <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The Annual Report on Form 40-F shall be incorporated by reference into or as an exhibit to, as applicable, each of the registrant&#8217;s Registration Statements under the Securities Act of 1933, as amended:&#160;&#160;Form S-8 (File No. 333-185498).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FORM 40-F</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Principal Documents</font></div>

<div>&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The following documents have been filed as part of this Annual Report on Form 40-F:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Annual Information Form for the fiscal year ended December 31, 2012 (included as Exhibit 99.1 hereto);</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Management&#8217;s Discussion and Analysis for the fiscal year ended December 31, 2012 (included as Exhibit 99.2 hereto); and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Consolidated Financial Statements for the fiscal year ended December 31, 2012 (included as Exhibit 99.3 hereto).</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ADDITIONAL DISCLOSURE</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
<font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Certifications and Disclosure Regarding Controls and Procedures.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Certifications</font>.&#160;&#160;See Exhibits 99.4, 99.5, 99.6 and 99.7 to this Annual Report on Form 40-F.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Disclosure Controls and Procedures</font>.&#160;&#160;As of the end of Silver Standard Resources Inc.&#8217;s (&#8220;Silver Standard&#8221;) fiscal year ended December 31, 2012, an evaluation of the effectiveness of Silver Standard&#8217;s &#8220;disclosure controls and procedures&#8221; (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;)) was carried out by Silver Standard&#8217;s management, with the participation of its principal executive officer and principal financial officer.&#160;&#160;Based upon that evaluation, Silver Standard&#8217;s principal executive officer and principal financial officer have concluded that as of the end of that fiscal year, Silver Standard&#8217;s disclosure controls and procedures are effective to ensure that information required to be disclosed by Silver Standard in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission (the &#8220;Commission&#8221;) rules and forms and (ii) accumulated and communicated to Silver Standard&#8217;s management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">It should be noted that while Silver Standard&#8217;s principal executive officer and principal financial officer believe that Silver Standard&#8217;s disclosure controls and procedures provide a reasonable level of assurance that they are effective, they do not expect that Silver Standard&#8217;s disclosure controls and procedures or internal control over financial reporting will prevent all errors and fraud.&#160;&#160;A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Management&#8217;s Annual Report on Internal Control Over Financial Reporting</font>.&#160;&#160;The required disclosure is included in the &#8220;Management&#8217;s Report on Internal Control over Financial Reporting&#8221; that accompanies Silver Standard&#8217;s Consolidated Financial Statements for the fiscal year ended December 31, 2012, filed as part of this Annual Report on Form 40-F.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Attestation Report of the Registered Public Accounting Firm</font>.&#160;&#160;The required disclosure is included in the &#8220;Independent Auditor&#8217;s Report&#8221; that accompanies Silver Standard&#8217;s Consolidated Financial Statements for the </font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">2</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div style="MARGIN-LEFT: 36pt"><font style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">fiscal year ended December 31, 2012, filed as part of this Annual Report on Form 40-F.</font></div>

<div>&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Changes in Internal Control Over Financial Reporting</font>.&#160;&#160;During the fiscal year ended December 31, 2012, there were no changes in Silver Standard&#8217;s internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, Silver Standard&#8217;s internal control over financial reporting.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><a name="PB_2_142702_7056"><!--EFPlaceholder--></a><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Notices Pursuant to Regulation BTR.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">None.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit Committee Financial Expert.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Silver Standard&#8217;s board of directors has determined that Richard D. Paterson, member of Silver Standard&#8217;s audit committee, qualifies as an &#8220;audit committee financial expert&#8221; (as such term is defined in Form 40-F) and is &#8220;independent&#8221; as that term is defined under listing standards of the Nasdaq Global Market.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Code of Ethics</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Silver Standard has adopted a &#8220;code of ethics&#8221; (as that term is defined in Form 40-F), entitled the &#8220;Code of Business Conduct&#8221; (the &#8220;Code of Conduct&#8221;), that applies to its principal executive officer, principal financial officer and other senior financial officers performing similar functions. The Code of Conduct is available for viewing on Silver Standard&#8217;s website at <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.silverstandard.com</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">In 2012, there were no waivers, including implicit waivers, or amendments granted from any provision of the Code of Conduct.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Principal Accountant Fees and Services.</font></div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The required disclosure is included under the heading &#8220;Audit Committee &#8211; External Auditor Service Fees&#8221; in Silver Standard&#8217;s Annual Information Form for the fiscal year ended December 31, 2012, filed as part of this Annual Report on Form 40-F.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pre-Approval Policies and Procedures.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The required disclosure is included under the heading &#8220;Audit Committee &#8211; Pre-Approval Policies and Procedures&#8221; in Silver Standard&#8217;s Annual Information Form for the fiscal year ended December 31, 2012, filed as part of this Annual Report on Form 40-F.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Off-Balance Sheet Arrangements.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Silver Standard does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition,</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tabular Disclosure of Contractual Obligations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The required disclosure is included under the heading &#8220;Liquidity &#8211; Contractual Obligations&#8221; in Silver Standard&#8217;s Management&#8217;s Discussion and Analysis for the fiscal year ended December 31, 2012, filed as part of this Annual Report on Form 40-F.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Identification of the Audit Committee.</font></div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Silver Standard has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act.&#160;&#160;The members of the audit committee are Richard D. Paterson, Gustavo A. Herrero and A.E. Michael Anglin.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mine Safety Disclosure.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Pursuant to Section 1503(a) of the Dodd&#8722;Frank Wall Street Reform and Consumer Protection Act of 2010 (the &#8220;Dodd&#8722;Frank Act&#8221;), issuers that are operators, or that have a subsidiary that is an operator, of a coal or other mine in the United States are required to disclose in their annual report on Form 40-F information regarding specified health and safety violations, orders and citations, related assessments and legal actions, and mining related fatalities. During the fiscal year ended December 31, 2012, the Company had no such specified health and safety violations, orders or citations, related assessments or legal actions, mining related fatalities, or similar events in relation to the Company&#8217;s U.S. operations requiring disclosure pursuant to Section 1503(a) of the Dodd&#8722;Frank Act.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Nasdaq Global Exchange Disclosure</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">We are subject to a variety of corporate governance guidelines and requirements enacted by Canadian securities regulators, the TSX, Nasdaq and the SEC and those mandated by the U.S. Sarbanes Oxley Act of 2002 and the Dodd&#8722;Frank Act. Today, we are in compliance with the corporate governance legal requirements in Canada and the United States. We are listed on the Nasdaq and, although we are not required to comply with all of the Nasdaq&#8217;s corporate governance requirements to which we would be subject if we were a U.S. corporation, our governance practices comply with the Nasdaq&#8217;s requirements as if we were a U.S. domestic issuer, except that A.E. Michael Anglin would not be permitted to serve on the Audit Committee under Nasdaq listing rules due to the fact that he participated in the preparation of financial statements by virtue of holding the position of interim President and Chief Executive Officer of the Company from January 19, 2010 to August 6, 2010, while the Company searched for a replacement CEO due to the resignation of Robert A. Quartermain. The Board has determined that A.E. Michael Anglin has no direct or indirect material relationship with the Company which could interfere with his exercise of judgment and therefore he is an independent director. Mr. Anglin is not prohibited under Canadian requirements from serving on the Company&#8217;s Audit Committee.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">4</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">UNDERTAKING AND CONSENT TO SERVICE OF PROCESS</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">A.</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Undertaking.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to:&#160;&#160;the securities registered pursuant to Form 40-F; the securities in relation to which the obligation to file an annual report on Form 40-F arises; or transactions in said securities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">B.</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Consent to Service of Process.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The registrant has filed a Form F-X in connection with the class of securities in relation to which the obligation to file this report arises.</font><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Any change to the name or address of the agent for service of process of the registrant shall be communicated promptly to the Commission by an amendment to the Form F-X referencing the file number of the registrant.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">5</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNATURES</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Pursuant to the requirements of the Exchange Act, the registrant certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, on March&#160;15, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="37%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver Standard Resources Inc.</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%" style="PADDING-BOTTOM: 2px">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%" style="PADDING-BOTTOM: 2px">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">/s/ John Smith</font></div>
</td>
<td align="left" valign="top" width="12%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Name:</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">John Smith</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Title:</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">President &amp; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Chief Executive Officer</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%" style="PADDING-BOTTOM: 2px">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%" style="PADDING-BOTTOM: 2px">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">/s/ Gregory J. Martin</font></div>
</td>
<td align="left" valign="top" width="12%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Name:</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Gregory J. Martin</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="51%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="6%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Title:</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Senior Vice-President &amp; </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Chief Financial Officer</font></div>
</td>
<td align="left" valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>
</div>

<div align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">6</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT INDEX</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font><br>
&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="7%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline">Exhibit</font></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline">Description</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9901.htm">99.1</a></font></div>
</td>
<td valign="bottom" width="2%">&#160;</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9901.htm">Annual Information Form for the fiscal year ended December 31, 2012.</a></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
<td valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9902.htm">99.2</a></font></div>
</td>
<td valign="bottom" width="2%">&#160;</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9902.htm">Management&#8217;s Discussion and Analysis for the fiscal year ended December 31, 2012.</a></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
<td valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9903.htm">99.3</a></font></div>
</td>
<td valign="bottom" width="2%">&#160;</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9903.htm">Consolidated Financial Statements for the fiscal year ended December 31, 2012.</a></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
<td valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9904.htm">99.4</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9904.htm">Certification of Chief Executive Officer pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9905.htm">99.5</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9905.htm">Certification of Chief Financial Officer pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9906.htm">99.6</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9906.htm">Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9907.htm">99.7</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9907.htm">Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9908.htm">99.8</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9908.htm">Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accountant</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9909.htm">99.9</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9909.htm">Consents of Andrew W. Sharp, BEng., FausIMM&#160;and Trevor J. Yeomans, B.Sc. (Hons), ASCM, P.Eng.</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9910.htm">99.10</a></font></td>
<td align="left" valign="bottom" width="2%">&#160;</td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9910.htm">Consents of Warwick S. Board, P.Geo. and&#160;R. Bruce Kennedy, P.E.</a></font></td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9911.htm">99.11</a></font></td>
<td align="left" valign="bottom" width="2%">&#160;</td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9911.htm">Consents of&#160;Kelly G. Boychuk, MBA, P.Eng. and&#160;Dawn H. Garcia, P.G., C.P.G.</a></font></td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9912.htm">99.12</a></font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9912.htm">Consent of Jeremy D. Vincent, B.Sc. (Hons), P.Geo.</a></font></td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9913.htm">99.13</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9913.htm">Consents of Donald F. Earnest, P.G., Christopher E. Kaye, MAusIMM, Michael J. Lechner, P.Geo., Steve L. Milne, P.E., Robert M. Robb, P.E. and Clinton Strachan, P.E.</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9914.htm">99.14</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a href="eh1300409_ex9914.htm"><!--efplaceholder--><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Consents of Gilles Arseneau, Ph.D., P.Eng. and </font><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">of Tetra Tech WEI Inc. (f/k/a Wardrop, a Tetra Tech Company)</font></font></a></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9915.htm">99.15</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9915.htm">Consent of James A. McCrea, B.Sc., P. Geo.</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9916.htm">99.16</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9916.htm">Consent of Mark G. Stevens, CPG</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9917.htm">99.17</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9917.htm">Consent of Snowden Mining Industry Consultants Inc.</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9918.htm">99.18</a></font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="80%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9918.htm">Consent of Roscoe Postle Associates Inc.</a></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9919.htm">99.19</a></font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt"><a href="eh1300409_ex9919.htm">Consent of C. Stewart Wallis, P. Geo.</a></font></td>
</tr></table>
</div>
</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #000000" align="center" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh1300409_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
<head>
    <title>eh1300409_ex9901.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-WEIGHT: bold">EXHIBIT 99.1</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="company_logo.jpg" alt="GRAPHIC"></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">ANNUAL INFORMATION FORM</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt">of</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">SILVER STANDARD RESOURCES INC.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">March 15, 2013</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="toc">TABLE OF CONTENTS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="95%" style="BORDER-TOP: medium none"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="5%" style="BORDER-TOP: medium none">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Page</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="95%" style="BORDER-TOP: medium none"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="5%" style="BORDER-TOP: medium none"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="BORDER-TOP: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#ssriaif">SILVER STANDARD RESOURCES INC. ANNUAL INFORMATION FORM</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#intro">INTRODUCTORY NOTES</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#dateofinfo">Date of Information</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#cautionarynotice">Cautionary Notice Regarding Forward-Looking Statements</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#currencyandexchangerate">Currency and Exchange Rate Information</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#cautionarynoticeremineral">Cautionary Notice Regarding Mineral Reserve and Mineral Resource Estimates</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#noticerenongaap">Notice regarding Non-GAAP Measures</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#corporatestructure">CORPORATE STRUCTURE</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#nameaddress">Name, Address and Incorporation</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#intercorporaterelatiuons">Intercorporate Relationships</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#generaldevelopment">GENERAL DEVELOPMENT OF THE BUSINESS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#recentdevelopments">Recent Developments and Outlook for 2013</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#2012developments">2012 Developments</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#2011developments">2011 Developments</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#2010developments">2010 Developments</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#descriptionofbusiness">DESCRIPTION OF THE BUSINESS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#general">General</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#materialprojects">Material Projects</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="TEXT-INDENT: 36pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><a href="#pirquitasmine">Pirquitas Mine</a></font></td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><a href="#pitarrillaproject">Pitarrilla Project</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><a href="#sanluisproject">San Luis Project</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="95%" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><a href="#projectpipeline">Project Pipeline</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%" style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#principalproduct">Principal Product</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#specialskills">Special Skills and Knowledge</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#competitiveconditions">Competitive Conditions</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#emplyees">Employees</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#environmentalproduction">Environmental Protection</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#foreignoperations">Foreign Operations</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#mineralproperties">MINERAL PROPERTIES</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#pirquitasmine24">Pirquitas Mine</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#pitarrillaproject41">Pitarrilla Project</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">41</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#sanluisproject64">San Luis Project</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">64</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#otherproperties">Other Properties</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">76</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#riskfactors">RISK FACTORS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">78</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#risksrelatedtobusiness">Risks Related to our Business and our Industry</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">78</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#risksrelatedtocommon">Risks Related to our Common Shares</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">91</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#dividends">DIVIDENDS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#descriptionofcapitalstructure">DESCRIPTION OF CAPITAL STRUCTURE</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#commonshares">Common Shares</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">93</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#stockoptions">Stock Options</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">93</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#outstandingstockoptions">Outstanding Stock Options</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">94</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#convertiblenotes">Convertible Notes</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">94</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#marketforsecurities">MARKET FOR SECURITIES</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#tradingpriceandvolume">Trading Price and Volume</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#escrowedsecurities">ESCROWED SECURITIES AND SECURITIES SUBJECT TO&#160;&#160;CONTRACTUAL RESTRICTION ON TRANSFER</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#directorsandexecutiveofficers">DIRECTORS AND EXECUTIVE OFFICERS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#directors">Directors</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#officers">Officers</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#standingcommittees">Standing Committees of the Board</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#codeofethics">Code of Ethics</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">101</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#ceasetradeorders">Cease Trade Orders or Bankruptcies</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">101</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#penaltiesorsanctions">Penalties or Sanctions</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">101</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#conflictsofinterest">Conflicts of Interest</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">102</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#auditcommittee">AUDIT COMMITTEE</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">102</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#compositionofauditcom">Composition of the Audit Committee</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">102</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#auditcommitteeoversight">Audit Committee Oversight</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">102</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#relianceoncertain">Reliance on Certain Exemptions</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">102</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#preapprovalpolicies">Pre-Approval Policies and Procedures</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">102</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#externalauditor">External Auditor Service Fees</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">103</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#legalproceedings">LEGAL PROCEEDINGS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">103</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#interestofmanagement">INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">103</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#transferagentandregistrar">TRANSFER AGENT AND REGISTRAR</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">103</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#materialcontracts">MATERIAL CONTRACTS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">104</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#interestsofexperts">INTERESTS OF EXPERTS</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">104</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#additionalinfo">ADDITIONAL INFORMATION</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">105</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><a href="#schedulea">SCHEDULE A AUDIT COMMITTEE CHARTER</a></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A-1</font></div>
</td>
</tr></table>
</div>

<div align="left">&#160;</div>

<div align="left">&#160;</div>
</div>
</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">LIST OF TABLES</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#c6f4f9">
<td valign="top" width="95%" style="BORDER-TOP: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table1">Table 1 Key Permits and Status</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; BORDER-TOP: medium none">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table2">Table 2 Common Permits, Licenses and Authorizations</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table3">Table 3 Summary of Sunshine Argentina Drilling on the Pirquitas Mine</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">29</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table4">Table 4 Summary of Silver Standard Drilling on the Pirquitas Property</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">32</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table5">Table 5 Drilling Contractors used during Silver Standard&#8217;s Pirquitas Drilling Programs</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">32</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table6">Table 6 Pirquitas Mineral Resources Estimate</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">37</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table7">Table 7 Pirquitas Mineral Reserves Estimate</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">37</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table8">Table 8 Legal Status of Pitarrilla Mineral Concessions</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table9">Table 9 Permitted Activities and Corresponding Permit Numbers</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">44</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table10">Table 10 Land Ownership and Status</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">48</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table11">Table 11 Drilling Summary</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table12">Table 12 Pitarrilla Mineral Resources Estimate</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">61</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table13">Table 13 Pitarrilla Mineral Reserves Estimate</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">61</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table14">Table 14 Summary of Diamond Drill Holes by Vein Area</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">71</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table15">Table 15 Summary of Surface Trenches by Vein Area</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">71</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table16">Table 16 San Luis Mineral Resources Estimate</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">74</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#table17">Table 17 San Luis Mineral Reserves Estimate</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">74</font></div>
</td>
</tr></table>
</div>
</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">LIST OF FIGURES</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#c6f4f9">
<td valign="top" width="95%" style="BORDER-TOP: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#figure1">Figure 1 Pitarrilla Property Ownership</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right; BORDER-TOP: medium none">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">47</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#figure2">Figure 2 Project Location</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">64</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#figure3">Figure 3 San Luis Vein System</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="95%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline"><a href="#figure4">Figure 4 Location of 2006 Channel Samples on Central Portion of Ayel&#233;n Vein</a></font></font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">70</font></div>
</td>
</tr></table>
</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="ssriaif">SILVER STANDARD RESOURCES INC.</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="ssriaif">ANNUAL INFORMATION FORM</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="intro">INTRODUCTORY NOTES</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="dateofinfo">Date of Information</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Annual Information Form, Silver Standard Resources Inc., together with its subsidiaries, as the context requires, is referred to as &#8220;we,&#8221; &#8220;our,&#8221; &#8220;us,&#8221; the &#8220;Company&#8221; and &#8220;Silver Standard&#8221;. All information contained in this Annual Information Form is as at December 31, 2012, unless otherwise stated, being the date of our most recently completed financial year, and the use of the present tense and of the words &#8220;is,&#8221; &#8220;are,&#8221; &#8220;current,&#8221; &#8220;currently,&#8221; &#8220;presently,&#8221; &#8220;now&#8221; and similar expressions in this Annual Information Form is to be construed as referring to information given as of that date.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="cautionarynotice">Cautionary Notice Regarding Forward-Looking Statements</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Annual Information Form herein contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (collectively, &#8220;forward-looking statements&#8221;) concerning the anticipated developments in our operations in future periods, our planned exploration activities, the adequacy of our financial resources and other events or conditions that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Generally, forward-looking statements can be identified by the use of words or phrases such as &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;estimates,&#8221; &#8220;assumes,&#8221; &#8220;intends,&#8221; &#8220;strategy,&#8221; &#8220;goals,&#8221; &#8220;objectives,&#8221; &#8220;potential,&#8221; or variations thereof, or stating that certain actions, events or results &#8220;may,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;might&#8221; or &#8220;will&#8221; be taken, occur or be achieved, or the negative of any of these terms or similar expressions. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, the following risks and uncertainties referred to under the heading &#8220;Risk Factors&#8221;:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">uncertainty of production and cost estimates for the Pirquitas Mine, the Pitarrilla Project and the San Luis Project;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">future development risks, including start-up delays and operational issues;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">inability to replace Mineral Reserves;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">our ability to obtain adequate financing for further exploration and development programs;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">commodity price fluctuations;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the possibility of future losses;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">general economic conditions;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the recoverability of our interest in Pretium Resources Inc. (&#8220;Pretium&#8221;), including the price of and market for Pretium&#8217;s common shares;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">counterparty and market risks related to the sale of our concentrates;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">political instability and unexpected regulatory changes;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">potential export tax on silver concentrate production from the Pirquitas Mine;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">differences in U.S. and Canadian practices for reporting Mineral Reserves and Mineral Resources;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">uncertainty in the accuracy of Mineral Reserves and Mineral Resources estimates and in our ability to extract mineralization profitably;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">uncertainty in acquiring additional commercially mineable mineral rights;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">lack of suitable infrastructure or damage to existing infrastructure;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">our revenue being derived from a single operation;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">delays in obtaining or failure to obtain governmental permits, or non-compliance with permits we have obtained;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">increased costs and restrictions on operations due to compliance with environmental laws and regulations;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">reclamation requirements for our exploration properties;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">unpredictable risks and hazards related to the development and operation of a mine or mine property that are beyond our control;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">governmental regulations, including environmental regulations;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">non-compliance with anti-corruption laws;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">complying with emerging climate change regulations and the impact of climate change;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">uncertainties related to title to our mineral properties and the ability to obtain surface rights;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">our insurance coverage;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">civil disobedience in the countries where our properties are located;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">operational safety and security risks;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">actions required to be taken by us under human rights law;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">currency fluctuations;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">competition for mining services and equipment;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">competition in the mining industry for properties;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">competition for qualified personnel and management and potential labour unrest;</font></font></div>
</div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">shortage or poor quality of equipment or supplies;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">our ability to attract and retain qualified management to grow our business;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">compliance with the requirements of the Sarbanes-Oxley Act;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">our adoption of IFRIC 20 - Stripping Costs in the Production Phase of a Mine (&#8220;IFRIC 20&#8221;);</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">tightened controls over the VAT collection process in Argentina;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">increased regulatory compliance costs related to the Dodd-Frank Act;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">conflicts of interest that could arise from some of our directors&#8217; and officers&#8217; involvement with other natural resource companies;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">claims and legal proceedings;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">potential difficulty in enforcing judgments or bringing actions against us or our directors or officers outside the United States;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">certain terms of our convertible notes;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">our policy of not paying cash dividends for the foreseeable future; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">other risks related to our common shares.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This list is not exhaustive of the factors that may affect any of our forward-looking statements. Our forward-looking statements are based on what management considers to be reasonable assumptions, beliefs, expectations and opinions based on information currently available to management. We cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management&#8217;s assumptions may prove to be incorrect.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Assumptions have been made regarding, among other things, our ability to carry on our exploration and development activities, our ability to meet our obligations under our property agreements, the timing and results of drilling programs, the discovery of Mineral Resources and Mineral Reserves on our mineral properties, the timely receipt of required approvals and permits including obtaining the necessary surface rights for the lands required for successful project permitting, construction and operation of the Pitarrilla Project, the price of the minerals we produce, the costs of operating and exploration expenditures, our ability to operate in a safe, efficient and effective manner and our ability to obtain financing as and when required and on reasonable terms and our ability to continue operating the Pirquitas Mine. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Our forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and we do not assume any obligation to update forward-looking statements if circumstances or management&#8217;s beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="currencyandexchangerate">Currency and Exchange Rate Information</a></font></div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table sets forth, for each period indicated, the high and low exchange rates for Canadian dollars expressed in U.S. dollars, the average of such exchange rates during such period, and the exchange rate at the end of such period. These rates are based on the Bank of Canada noon spot rate of exchange.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="95%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="14" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fiscal Year Ended December&#160;31,</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2009</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: center; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: center; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010&#160;</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: center; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: center; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011&#160;</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: center; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: center; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012&#160;</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Rate at the end of period<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9555</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0054</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9833</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0051</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average rate during period<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.8757</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9709</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0111</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0004</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Highest rate during period<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9716</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0054</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0583</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0299</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Lowest rate during period<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.7692</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9278</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9430</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">US$</font></td>
<td valign="bottom" width="7%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9599</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On March 14, 2013, the noon spot rate of exchange was C$1.00 per US$0.9746.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 3 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="cautionarynoticeremineral">Cautionary Notice Regarding Mineral Reserves and Mineral Resources Estimates</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The disclosure included in this Annual Information Form uses mineral reserves and mineral resources classification terms that comply with reporting standards in Canada and the mineral reserves and mineral resources estimates are made in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (&#8220;CIM&#8221;) Definition Standards adopted by the CIM Council on November 27, 2010, which were adopted by the Canadian Securities Administrators&#8217; (the &#8220;CSA&#8221;) National Instrument 43-101 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Standards of Disclosure for Mineral Projects</font> (&#8220;NI 43-101&#8221;). NI 43-101 is a rule developed by the CSA that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The following definitions are reproduced from the CIM Standards:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Mineral Resource</font> is a concentration or occurrence of diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals, coal, and industrial minerals in or on the Earth&#8217;s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Inferred Mineral Resource</font> is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Indicated Mineral Resource</font> is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Measured Mineral Resource</font> is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Mineral Reserve</font> is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mined. Mineral Reserves are sub-divided in order of increasing confidence into Probable Mineral Reserves and Proven Mineral Reserves.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Probable Mineral Reserve</font> is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Proven Mineral Reserve</font> is the economically mineable part of a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction is justified.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Unless otherwise indicated, all mineral reserves and mineral resources estimates included in this Annual Information Form have been prepared in accordance with NI 43-101. These standards differ significantly from the requirements of the SEC set out in Industry Guide 7. Consequently, mineral reserves and mineral resources information included in this </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 4 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Annual Information Form is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In particular, the SEC&#8217;s Industry Guide 7 applies different standards in order to classify mineralization as a reserve. As a result, the definitions of &#8220;Proven Mineral Reserves&#8221; and &#8220;Probable Mineral Reserves&#8221; used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC standards, mineralization may not be classified as a &#8220;reserve&#8221; unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify mineralized material as reserves under the SEC standards. Accordingly, Mineral Reserves estimates included in this Annual Information Form may not qualify as &#8220;reserves&#8221; under SEC standards.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, this Annual Information Form use the terms &#8220;Mineral Resources,&#8221; &#8220;Measured Mineral Resources,&#8221; &#8220;Indicated Mineral Resources&#8221; and &#8220;Inferred Mineral Resources&#8221; to comply with the reporting standards in Canada. The SEC&#8217;s Industry Guide 7 does not recognize Mineral Resources and U.S. companies are generally not permitted to disclose resources in documents they file with the SEC. Furthermore, disclosure of &#8220;contained ounces&#8221; is permitted disclosure under Canadian regulations; however, the SEC only permits issuers to report mineralization that does not constitute &#8220;reserves&#8221; by SEC standards as in place tonnage and grade without reference to unit measures. Investors are specifically cautioned not to assume that all or any part of the mineral deposits in these categories will ever be converted into SEC defined mineral reserves. Further, &#8220;Inferred Mineral Resources&#8221; have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists. In accordance with Canadian rules, estimates of &#8220;Inferred Mineral Resources&#8221; cannot form the basis of feasibility or pre-feasibility studies. It cannot be assumed that all or any part of &#8220;Mineral Resources,&#8221; &#8220;Measured Mineral Resources,&#8221; &#8220;Indicated Mineral Resources&#8221; or &#8220;Inferred Mineral Resources&#8221; will ever be upgraded to a higher category. Investors are cautioned not to assume that any part of the &#8220;Mineral Resources,&#8221; &#8220;Measured Mineral Resources,&#8221; &#8220;Indicated Mineral Resources&#8221; or &#8220;Inferred Mineral Resources&#8221; reported in this Annual Information Form is economically or legally mineable. In addition, the definitions of &#8220;Proven Mineral Reserves&#8221; and &#8220;Probable Mineral Reserves&#8221; under reporting standards in Canada differ in certain respects from the standards of the SEC. For the above reasons, information included in this Annual Information Form that describes our Mineral Reserves and Mineral Resources estimates is not comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The term &#8220;Qualified Person&#8221; as used in this Annual Information Form means a Qualified Person as that term is defined in NI 43-101.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="noticerenongaap">Notice regarding Non-GAAP Measures</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Annual Information Form includes certain terms or performance measures commonly used in the mining industry that are not defined under Canadian generally accepted accounting principles before the adoption of IFRS (&#8220;Canadian GAAP&#8221;) or International Financial Reporting Standards as issued by the International Accounting Standards Board and incorporated in the Handbook of the Canadian Institute of Chartered Accountants (&#8220;IFRS&#8221;), including cash costs and total costs per ounce of silver and adjusted net income (loss) per share. We believe that, in addition to conventional measures prepared in accordance with Canadian GAAP and IFRS, certain investors use this information to evaluate our performance. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with Canadian GAAP and IFRS. These non-GAAP and non-IFRS measures should be read in conjunction with our financial statements. See &#8220;Non-GAAP Financial Measures&#8221; in our management&#8217;s discussion and analysis for the year ended December 31, 2012 and &#8220;Changes to the Presentation of Non-GAAP Financial Measures&#8221; in our material change report, dated January 9, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 5 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="corporatestructure">CORPORATE STRUCTURE</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="nameaddress">Name, Address and Incorporation</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We were incorporated as a company in British Columbia, Canada, on December 11, 1946 under the name &#8220;Silver Standard Mines, Limited (NPL)&#8221; and changed our name to &#8220;Silver Standard Mines Limited&#8221; on July 18, 1979.&#160;&#160;We changed our name to &#8220;Consolidated Silver Standard Mines Limited&#8221; and consolidated our common shares on a 1-for-5 basis on August 9, 1984.&#160;&#160;All share data in this Annual Information Form refer to consolidated shares/data, unless otherwise indicated.&#160;&#160;We changed our name to &#8220;Silver Standard Resources Inc.&#8221; on April 9, 1990.&#160;&#160;On May 12, 2005, our shareholders adopted new articles as required by the new British Columbia Business Corporations Act (the &#8220;BCBCA&#8221;), under which we are incorporated, and authorized an increase in our authorized capital from 100,000,000 common shares without par value to an unlimited number of common shares without par value.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our head office and registered and records office is located at Suite 1400&#160;<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211;</font> 999 West Hastings Street, Vancouver, British Columbia, V6C 2W2. </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective April 1, 2013, our head office and registered and records office will be located at Suite 800&#160;<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211; </font>1055 Dunsmuir Street, Vancouver, British Columbia, V7X 1G4.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 6 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="intercorporaterelatiuons">Intercorporate Relationships</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following is a diagram of the intercorporate relationships among us and our material subsidiaries, each of which is wholly-owned by us.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="aif_pg7.jpg" alt="GRAPHIC"></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 7 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="generaldevelopment">GENERAL DEVELOPMENT OF THE BUSINESS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are a primary silver resource and production company that has one producing mine and a portfolio of silver resource dominant projects. Our properties are located in six countries in the Americas. We are focused on operating and producing silver from the Pirquitas Mine, which is located in the Province of Jujuy, Argentina, and on advancing the Pitarrilla Project in Durango State, Mexico as well as the San Luis Project in Ancash Department, Peru. In addition, we continue to advance our large portfolio of mineral projects and properties, which are at various stages of exploration and development. A number of these properties have silver mineral resources identified on them. We believe we hold one of the largest silver mineral reserves and silver mineral resources positions of any publicly traded silver company.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="recentdevelopments">Recent Developments and Outlook for 2013</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On January 8, 2013, we announced our production and cost guidance for 2013. We expect to produce and sell in 2013 between 8.2 and 8.5 million ounces of silver from the Pirquitas Mine, with cash costs of between $17.00 and $18.50 per ounce of silver. In addition, in 2013 the Pirquitas Mine is expected to produce over 20 million pounds of zinc. In 2013, we plan to spend approximately $15 million on exploration, with $7 million budgeted for exploration at our Mexican projects and the balance mainly budgeted for projects in Argentina and Peru. Capital expenditures are expected to be $25 million at the Pirquitas Mine in 2013, including approximately $15 million for a tailings facility expansion but excluding capitalized stripping costs. We expect to spend a minimum of $17 million on development in 2013, with approximately $8 million and $7 million budgeted for the Pitarrilla and San Luis projects, respectively, in line with our goal of advancing these projects to construction decisions. Planned investments in advance of construction decisions include optimization, land acquisition, community agreements, permitting and financing. Should construction decisions be made, we would expect development expenditures to increase significantly.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On January 16, 2013, we completed an offering of $250 million aggregate principal amount of 2.875% convertible senior notes due in 2033 (the &#8220;Initial 2013 Notes&#8221;). We closed an additional $15 million aggregate principal amount of 2.875% convertible senior notes due 2033 (together with the Initial 2013 Notes, the &#8220;2013 Notes&#8221;) on February 13, 2013 pursuant to the partial exercise of the over-allotment option granted to the purchasers of the Initial 2013 Notes. The initial conversion rate for the 2013 Notes is 50 common shares per $1,000 principal amount of the 2013 Notes, equivalent to a conversion price of $20.00 per common share, and is subject to adjustment. We used $138 million of the net proceeds from the sale of the 2013 Notes to repurchase our existing convertible notes on March 1, 2013 </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and the indenture relating to those notes was discharged on March 15, 2013</font></font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">. The remaining net proceeds will be used for general corporate purposes, which may include developing or advancing our property portfolio.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="2012developments">2012 Developments</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the first half of 2012, we received aggregate cash proceeds of approximately C$71 million upon the exercise of share purchase warrants of Pretium Resources Inc. (&#8220;Pretium&#8221;) issued as part of the secondary offering of 11.5 million units of Pretium that closed in April 2011. Upon completion of the exercise of the warrants, our equity interest in Pretium was reduced to approximately 20%.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine produced 8.6 million ounces of silver and 11.2 million pounds of zinc in 2012, which exceeded silver production guidance and was in line with zinc production guidance for the year. The mine produced silver at a cash cost of $19.14 per payable ounce sold. Also in 2012, we completed approximately 53,000 metres of drilling at the Pirquitas Mine. The majority of the planned drilling was designed to expand and better define the Cortaderas Breccia and Cortaderas Valley Mineral Resources and upgrade portions of these Mineral Resources from the Inferred Mineral Resource to the Indicated Mineral Resource category.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We completed long-term silver concentrate contracts in 2012. The sales contracts cover planned production from the Pirquitas Mine through 2013, and enabled us to sell down our silver concentrate inventory balance through the second half of 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2012, the regulatory environment in Argentina was challenging. In early 2012, the Argentine Ministry of Economy and Public Finance issued a resolution that reduced the time permitted to repatriate export proceeds from </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 8 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">180 days to 15 days, which caused the Pirquitas Mine to temporarily suspend shipments while we assessed the potential impact of this resolution. Subsequently, the time permitted to repatriate export proceeds was increased to 30 days and then to 140 days for silver and zinc concentrates, which enabled us to recommence shipping. In September 2012, a revised resolution reinstated the 180 day time limit for silver concentrates only. Further, the Argentine Central Bank increased its involvement in U.S. dollar inflows and outflows, and the country continued to experience high inflation along with a weakening currency.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In December 2012, the Federal Court of Appeal (Salta) upheld an injunction granted in our favour by the Federal Court (Jujuy) effective September 29, 2010, which prohibited the Federal Government of Argentina from withholding the 10% export duty imposed upon us by the National Customs Authority of Argentina (Direcci&#243;n Nacional de Aduanas or &#8220;DNA&#8221;) in December 2007. However, the Federal Government has sought permission from the Federal Court of Appeal (Salta) to appeal this decision to the Federal Supreme Court of Argentina. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Argentina &#8211; Regulatory &#8211; Export Controls and Duties</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On September 10, 2012, the Peruvian government approved the environmental impact assessment (&#8220;EIA&#8221;) for the mining operation of the Ayel&#233;n deposit, completing a significant milestone for the San Luis Project. Long-term land access negotiations are continuing with one of the two local communities that control the rights to surface lands on which the future mine would be located. An agreement with the other community was completed in late 2011. With the EIA approved, completion of the final land access agreement would enable permit applications to be submitted and, once received, a development decision to be made. We may initiate applications with the Peruvian Government in respect of a financial stability agreement in accordance with the Peruvian General Mining Law. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Peru &#8211; Regulatory &#8211; Stability Agreements</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In a news release dated December 4, 2012, we announced the results of a feasibility study for the Pitarrilla Project. On December 17, 2012, we filed a technical report entitled &#8220;NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico&#8221; (the &#8220;2012 Pitarrilla Technical Report&#8221;) in support of the feasibility study. The 2012 Pitarrilla Technical Report estimates that the Pitarrilla Project will produce 333 million ounces of silver, 582 million pounds of lead and 1,669 million pounds of zinc over a 32 year project life, making the Pitarrilla Project one of the world&#8217;s largest undeveloped silver mining projects. Annual silver production is expected to peak at 26 million ounces and average approximately 15 million ounces per year during the first 18 years of production.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In connection with the 2012 Pitarrilla Technical Report, we prepared updated estimates of the Pitarrilla Project&#8217;s Mineral Reserves and Mineral Resources. As of December 4, 2012, the deposit is estimated to comprise Probable Mineral Reserves of 157 million tonnes containing 479 million ounces of silver, 1,014 million pounds of lead and 2,722 million pounds of zinc, and Measured and Indicated Mineral Resources (inclusive of Mineral Reserves) of 260 million tonnes containing 695 million ounces of silver, 1,815 million pounds of lead and 4,146 million pounds of zinc, all at a 30 grams per tonne silver cut-off. The updated Mineral Reserves for the Pitarrilla Project represent an increase of approximately 422% from the Mineral Reserves estimate for the project that was reported on September 21, 2009 in a technical report entitled &#8220;NI 43-101 Technical Report &#8211; Pitarrilla Property Pre-feasibility Study&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="2011developments">2011 Developments</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On April 8, 2011, we completed a secondary offering of 11.5 million units of Pretium at a price of C$10.00 per unit for gross proceeds of C$115 million. Each unit consisted of one common share of Pretium owned by us and one-half of one common share purchase warrant of Pretium, with each whole warrant exercisable to purchase one common share of Pretium owned by us at a price of C$12.50 per share for a period of 12 months following the closing. The offering reduced our equity interest in Pretium from 42.3% to approximately 28.9%.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On June 30, 2011, we entered into a share and asset purchase agreement with Esperanza Resources Corp. (&#8220;Esperanza&#8221;), Esperanza Silver Peru S.A.C. and Reliant Ventures S.A.C. (&#8220;Reliant Ventures&#8221;), as amended July 28, 2011, pursuant to which we purchased all of Esperanza&#8217;s remaining interest in the San Luis Project for C$18 million in cash, the transfer to Esperanza of the 6,459,600 common shares in Esperanza that we owned and the grant of a royalty equal to 1% of net smelter returns on future production from the project. The transaction closed on July 28, 2011 and, accordingly, we own 100% of the San Luis Project subject to the 1% net smelter returns royalty granted to Esperanza.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 9 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On September 23, 2011, we completed the sale of the Bowdens Project. The sale was effected pursuant to a share purchase agreement dated August 1, 2011 among Kingsgate Consolidated Limited (&#8220;Kingsgate&#8221;), Silver Standard and Silver Standard Australia (BVI) Inc., our wholly owned subsidiary, pursuant to which we sold to Kingsgate all of the shares of Silver Standard Australia Pty Limited (which holds the Bowdens Project) for A$35 million in cash, 3,440,367 of Kingsgate&#8217;s common shares, with an aggregate value of A$30 million as of the closing date and two deferred cash payments of A$5 million due on December 31, 2011 and June 30, 2012 (both of which were subsequently received).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In October 2011, the Federal Government of Argentina announced a decree that required all funds from mining export sales to be repatriated to Argentina and converted into Argentine pesos within the Sole Foreign Exchange Market in Argentina. Each transfer is subject to a 0.6% transfer tax. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Argentina &#8211; Regulatory &#8211; Export Controls and Duties</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the second half of 2011, the plant at the Pirquitas Mine underwent significant repairs, as additional crushing capacity was installed and the ball mill gearbox was replaced. At several times throughout the year, the plant was offline for repair and maintenance.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On November 9, 2011, we announced a reduction to the estimated Mineral Reserves at Pirquitas and filed a NI 43-101 Technical Report dated December 23, 2011 entitled &#8220;NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina&#8221; (the &#8220;2011 Pirquitas Technical Report&#8221;) on SEDAR. The reduction to the estimated Mineral Reserve at Pirquitas resulted in a reduction to the expected mine life.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="2010developments">2010 Developments</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In June 2010, we completed a NI 43-101 technical report summarizing our feasibility study on the Ayel&#233;n Vein, entitled &#8220;Technical Report for the San Luis Project Feasibility Study, Ancash Department, Peru&#8221; and dated effective June 4, 2010 (the &#8220;San Luis Feasibility Study&#8221;) and our interest in the project increased from 55% to 70% pursuant to the terms of the joint venture agreement dated September 6, 2005 with Esperanza.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In December 2010, we completed the sale of our 100% interest in the Snowfield Project and the Brucejack Project located in northern British Columbia, Canada to Pretium, a newly formed company that completed its initial public offering concurrently with the closing of the sale, for $211.3 million in gross cash proceeds, 32,537,833 common shares in Pretium, and a non-interest bearing convertible promissory note issued by Pretium in the principal amount of $39.1 million. Pretium subsequently repaid $18 million of the note, with the balance automatically converting into 3,625,500 common shares of Pretium.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 10 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="descriptionofbusiness">DESCRIPTION OF THE BUSINESS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="general">General</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our business is the exploration, development and production of silver-dominant mineral properties, which are located in six countries in the Americas. Our strategic focus is to generate cash flow through optimizing commercial production at the Pirquitas Mine and by advancing the Pitarrilla Project, the San Luis Project and our other projects within our project pipeline towards development and commercial production. In addition, from time to time, we may monetize certain of our non-core assets to accelerate the advancement of more strategically significant properties, as we did when we sold the Bowdens Project to Kingsgate in 2011 and the Snowfield and Brucejack Projects to Pretium in late 2010. Further, we will consider strategic opportunities to grow through targeted acquisitions and we believe that our strong balance sheet (including a retained ownership of approximately 19.7% of Pretium&#8217;s issued and outstanding shares as at the date of this Annual Information Form) positions us well to execute on such opportunities. In addition to our Pirquitas Mine, the Pitarrilla Project and the San Luis Project, we also own a large portfolio of mineral projects with estimated silver mineral resources, which includes the Diablillos Project in Argentina, the Berenguela Project in Peru, the Challacollo Project in Chile, the Candelaria Project and Maverick Springs Projects in Nevada, U.S.A., the San Agustin Project in Mexico and the Sunrise Lake Project in the Northwest Territories, Canada. In addition to the projects noted above, we have a number of other mineral property holdings at various stages of exploration, with the majority of these existing in Mexico and Canada.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="materialprojects">Material Projects</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="pirquitasmine">Pirquitas Mine</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine is a wholly-owned open-pit mine and processing plant that is exploiting a primary silver deposit located in northwestern Argentina near the borders of Bolivia and Chile. The project is held by our wholly-owned subsidiary, Mina Pirquitas, Inc. (&#8220;MPI&#8221;) (formerly known as Sunshine Argentina, Inc.) and consists of 50 semi-contiguous mineral exploration concessions covering a total area of 3,621 hectares.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As of December 31, 2012, the Pirquitas Mine is estimated to have Proven and Probable Mineral Reserves containing 80.0 million ounces of silver, based on a silver price of US$25.00 per ounce. The 2011 Pirquitas Technical Report estimates daily mine production of a maximum 50,000 tonnes per day of ore and waste and an annual production of approximately 8 to 10 million ounces of silver with the current pit design. Mine sustaining capital expenditures during the life of the mine are estimated to be $142.7 million. A copy of the 2011 Pirquitas Technical Report is available under our profile on SEDAR at <font style="TEXT-DECORATION: underline">www.sedar.com</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine has been in commercial production since December 1, 2009, producing 6.3 million ounces of silver in 2010, 7.1 million ounces of silver and 10.1 million pounds of zinc in 2011 and 8.6 million ounces of silver and 11.2 million pounds of zinc in 2012. The current mine plan has the mine ending in early 2019 (6.25 years mine life &#8211; formerly 5.5 years in the 2011 Pirquitas Technical Report).&#160;&#160;During the mine life a long term low grade stockpile will be developed and this will be used as needed during the mine life, but will constitute the majority of the plant feed source in 2019 and all of the feed source in 2020.&#160;&#160;Annual production is expected to remain in a range of 8 to 10 million ounces of silver from 2013 to 2018 and plant production in 2019 and 2020 is expected to amount to around 4 million ounces of silver per year.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine is located in an historic mining district and is accessible by public roads from two directions. The mine&#8217;s energy requirements are supplied by gas-powered generation utilizing natural gas supplied from a line located approximately 40 kilometres to the south of the property. The Pirquitas Mine site is located approximately 850 kilometres by road from the port of Antofagasta in Chile and approximately 2,000 kilometres by road from the port of Buenos Aires in Argentina.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As part of our search for additional Mineral Resources, in 2012 we completed approximately 53,000 metres of diamond drilling on the Pirquitas Mine property. This drilling campaign was principally designed to expand and better define the Cortaderas Breccia and Cortaderas Valley Mineral Resources (each as defined in the 2011 Pirquitas Technical Report), located approximately 500 metres north of the San Miguel open pit, and upgrade portions of these Mineral Resources from the Inferred Mineral Resource category to the Indicated Mineral Resource category. </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 11 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Based on the results of the drilling, these areas were merged into a single Cortaderas zone for Mineral Resources estimation.&#160;&#160;The Mineral Resources estimated for Cortaderas as of December 31, 2012 comprise 3.6 million tonnes totalling 15.6 million ounces of silver and 403 million pounds of zinc in the Indicated category and 2.7 million tonnes totalling 14.1 million ounces of silver and 326 million pounds of zinc in the Inferred category, all reported above a 50 grams per tonne silver cut-off.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We currently have all material surface and water rights, as well as all material permits, necessary for the continued operation of the Pirquitas Mine. As the production of the Pirquitas Mine continues, we may need to obtain additional environmental and other governmental approvals and permits.&#160;&#160;See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Risk Factors</font>&#8221; and &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Mineral Properties &#8211; Pirquitas Mine</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="pitarrillaproject">Pitarrilla Project</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project is a wholly-owned silver project in the northern part of the State of Durango, Mexico. It can be accessed from several all-weather roads. The project is held by our wholly-owned subsidiary, Silver Standard Durango S.A. de C.V. (&#8220;SSD&#8221;) and comprises 12 contiguous mineral claims covering an area of 136,192 hectares.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On December 17, 2012, we filed the 2012 Pitarrilla Technical Report in accordance with the requirements of NI 43-101 and in support of a feasibility study for the Pitarrilla Project. A copy of the 2012 Pitarrilla Technical Report is available under our profile on SEDAR at <font style="TEXT-DECORATION: underline">www.sedar.com</font>. The 2012 Pitarrilla Technical Report estimates that the Pitarrilla Project will produce 333 million ounces of silver, 582 million pounds of lead and 1,669 million pounds of zinc over a 32 year project life, making the Pitarrilla Project one of the world&#8217;s largest undeveloped silver mining projects, with silver production expected to peak at 26 million ounces per year and average approximately 15 million ounces per year during the first 18 years of production. The 2012 Pitarrilla Technical Report estimates that total construction capital for the project is $715 million, including a contingency of $82 million, with total pre-production capital of $741 million, including $131 million of pre-operating revenue. Sustaining capital for the project is estimated to be $404 million, including a $25 million contingency.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In connection with the 2012 Pitarrilla Technical Report, we prepared updated estimates of the Pitarrilla Project&#8217;s Mineral Reserves and Mineral Resources. As of December 4, 2012, the deposit is estimated to comprise Probable Mineral Reserves of 156.6 million tonnes containing 478.7 million ounces of silver, 1,013.5 million pounds of lead and 2,721.5 million pounds of zinc and Measured and Indicated Mineral Resources (inclusive of Mineral Reserves) of 260.3 million tonnes containing 695 million ounces of silver, 1,815 million pounds of lead and 4,146 million pounds of zinc at a 30 grams per tonne silver cut-off.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are actively engaged in obtaining the remaining surface rights required for the permitting, construction and operation of the Pitarrilla Project. As of the date of this Annual Information Form, the surface rights for five tracts of land at the Pitarrilla Project are still required. We plan to submit all outstanding permit applications, and expect to receive all permit approvals, by the end of 2013 upon receipt of clear title to, or access agreements in respect of, all required land. Financing must be secured before the project can be constructed. We intend to utilize the feasibility study as the basis for further discussions with financial institutions and potential partners. At the same time, we will continue to optimize the project through continued engineering design and process development work. Critical infrastructure for the project, including upgrade and maintenance of access roads, a communications system and ground water resources, are expected to be developed during 2013. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Risk Factors</font>&#8221; and &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Mineral Properties &#8211; Pitarrilla Project</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="sanluisproject">San Luis Project</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis Project is a wholly-owned high-grade gold-silver project located in the Ancash Department of central Peru, approximately 25 kilometres northwest of Barrick Gold Corporation&#8217;s Pierina gold mine. It can be accessed by two all-weather roads. On July 28, 2011, we completed the acquisition of the remaining 30% interest in the San Luis Project from Esperanza, our former joint venture partner. The project is held by our wholly-owned subsidiary, Reliant Ventures, and consists of 43 mineral concessions covering an area of 35,538 hectares.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Ayel&#233;n Vein gold-silver deposit is an epithermal quartz vein deposit sub-class of precious metal deposits.&#160;&#160;Such quartz vein systems are characterized by their relatively high concentrations of gold and silver with low </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 12 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">concentrations of base metal-rich sulphide minerals. In June 2010, we completed the San Luis Feasibility Study for the development of the San Luis Project, and on September 10, 2012, the Peruvian Ministry of Mines and Energy approved our EIA for the mining operation on the Ayel&#233;n Vein.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Long-term land access negotiations are continuing with one of the two local communities that control the rights to surface lands on which the future mine would be located. An agreement with the other community was completed in late 2011. With the EIA approved, completion of the final land access agreement will enable permit applications to be submitted and a development decision to be made.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis Project comprises Proven and Probable Mineral Reserves of approximately 0.5 million tonnes, containing 7.2 million ounces of silver and 0.29 million ounces of gold within the Ayel&#233;n Vein. Other identified veins on the 35,000 hectare property require further exploration. A copy of the San Luis Feasibility Study is available under our profile on SEDAR at www.sedar.com.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the third quarter of 2012, we received approval for an exploration EIA allowing for an exploration drilling campaign at the BP Zone, a high-potential porphyry copper target, located about 4.5 kilometres southeast of the Ayel&#233;n Vein. This target is located in an area where land access for exploration activities has been previously granted by the local community. We plan to commence our 2,500 metre drill campaign once we have received all permits and necessary approvals. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Mineral Properties &#8211; San Luis Project</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="projectpipeline">Project Pipeline</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition to our three principal projects, we hold interests in a number of other properties that are geographically broadly distributed and at various stages of exploration. With the exception of the Maverick Springs Project in Nevada, USA, in which we hold a 55% interest through a joint venture, all of the properties described immediately below are wholly-owned.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We own the Diablillos Project (a silver-gold project) in northwestern Argentina, located approximately 275 kilometres south of the Pirquitas Mine, the San Agustin Project (a silver-gold project) in Durango State, Mexico, the Berenguela Project (a silver project) in Puno Department, Peru, the Challacollo Project (a silver project) in Region 1, Chile, the Candelaria Project (a former operating silver-gold mine) in Nevada, U.S.A., the Maverick Springs Project (a silver project) in Nevada, U.S.A., the Sunrise Lake Project (a polymetallic project) in the Northwest Territories, Canada, the Veta Colorada Project (a silver project) in Chihuahua State, Mexico and the San Marcial Project (a silver-lead-zinc project) located near Mazatlan, Mexico.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We also own a number of other mineral property holdings in Argentina, Canada, Chile, Mexico and the United States.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="principalproduct">Principal Product</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our principal product is silver concentrate, although we also produce and sell zinc concentrate. From initial production until the middle of 2011, we sold our silver and zinc concentrates to a single trading counterparty. In the second half of 2011, we commenced marketing discussions with several third party smelters, refiners, and traders for the sale of our silver concentrate. We completed four long-term and multiple spot sale contracts in 2012 directly with smelting and refining counterparties to diversify our customer base. In the future, the loss of any one smelting and refining client may have a material adverse effect on us if alternate smelters and refiners are not available, although we believe there is sufficient global capacity available to address the loss of any one customer.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Currently, all of our silver and zinc is produced at the Pirquitas Mine.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 13 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our revenue by product category for the financial years ended December 31, 2011 and December 31, 2012 was as follows:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="75%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Product Revenue</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2011</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">94%</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">98%</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Zinc<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6%</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2%</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additional information related to our segmented information is set forth in Note 21 to our consolidated financial statements for the year ended December 31, 2012 and is referred to in our management&#8217;s discussion and analysis for the year ended December 31, 2012 under the heading &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Summarized Annual Financial Results</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="specialskills">Special Skills and Knowledge</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Various aspects of our business require specialized skills and knowledge. Such skills and knowledge include the areas of geology, engineering, drilling, metallurgy, permitting, logistical planning and implementation of exploration programs as well as legal compliance, finance and accounting. We face competition for qualified personnel with these specialized skills and knowledge, including at the Pirquitas Mine, which may increase our costs of operating the mine or result in delays.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="competitiveconditions">Competitive Conditions</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The precious and base mineral exploration and mining business is competitive. We compete with other exploration and production companies, many of which are better capitalized, have greater financial resources, operational experience and technical capabilities, or are further advanced in their development or are significantly larger and have access to greater Mineral Reserves than us, for the acquisition of mineral claims, leases and other mineral interests. The mining industry as a whole is experiencing a skills deficit; we continue to see increased competition for qualified skilled personnel at all of our operations / projects. The Pirquitas Mine project will also be subject to these pressures and could increase costs of operating the mine or result in delays, to date we have not experienced any shortfalls or delays as a result of personnel. Expatriate employees will also be required in the early stages of the Pitarrilla Project. If we require and are unsuccessful in acquiring additional mineral properties or qualified personnel, we will not be able to grow at the rate we desire, or at all.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="emplyees">Employees</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at December 31, 2012, we employed a total of 815 full-time employees and 665 contract employees. The table below sets out our employees at each of the following locations:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="60%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Location</font></div>
</td>
<td colspan="2" valign="bottom" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of Employees</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Full-time</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contract</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vancouver Office</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">46</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Argentina</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">676</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">438</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peru</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">44</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">145</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mexico</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">45</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">75</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">U.S.</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">--</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chile</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">--</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 14 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
<font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="environmentalproduction">Environmental Protection</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our activities are subject to extensive laws and regulations governing the protection of the environment, natural resources and human health. These laws address, among other things, emissions into the air, discharges into water, management of waste, management of hazardous substances, protection of natural resources, antiquities and endangered species and reclamation of lands disturbed by mining operations. We are required to obtain governmental permits and in some instances provide bonding requirements under federal, state, or provincial air, water quality, and mine reclamation rules and permits. Violations of environmental, health and safety laws are subject to civil sanctions and, in some cases, criminal sanctions, including the suspension or revocation of permits.&#160;&#160;The failure to comply with environmental laws and regulations or liabilities related to hazardous substance contamination could result in project development delays, material financial impacts or other material impacts to our projects and activities, fines, penalties, lawsuits by the government or private parties, or material capital expenditures.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additionally, environmental laws in some of the countries in which we operate require that we periodically perform environmental impact studies at our mines. These studies could reveal environmental impacts that would require us to make significant capital outlays or cause material changes or delays in our intended activities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Currently, we have reclamation obligations at the Pirquitas Mine, as well as the Duthie property and the Silver Standard mine property, both located in British Columbia, Canada. In 2012, our reclamation work program at the Duthie property was carried out at a cost of approximately $0.1 million. Remaining reclamation obligations beyond 2012 include the construction of a wetland for water filtration purposes and the monitoring of the results of the reclamation project in subsequent years. Estimated costs for the remaining reclamation beyond 2012 are approximately $0.9 million.&#160;&#160;At the Silver Standard mine property we incurred approximately $0.5 million in expenditures for reclamation work completed in 2012. Estimated costs for reclamation work programs on the Silver Standard mine property beyond 2012 are $2.2 million.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our current closure and reclamation cost estimate at Pirquitas is approximately $50 million. This estimate is based on conceptual level engineering and will be updated periodically to reflect changes in the life of mine plan. The proposed work focuses on diverting storm water around the waste dumps and pit areas as well as capturing and passively treating impacted waters.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="foreignoperations">Foreign Operations</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All of our current production and revenue is derived from our operations at the Pirquitas Mine in Argentina. The remainder of our material properties are located in developing countries, with the Pitarrilla Project located in Mexico and the San Luis Project located in Peru. Any changes in regulations or shifts in political attitudes in these foreign jurisdictions are beyond our control and may adversely affect our business. Future development and operations may be affected in varying degrees by such factors as government regulations (or changes to such regulations) with respect to the restrictions on production, export controls, income taxes, expropriation of property, repatriation of profits, environmental legislation, land use, water use, land claims of local people and mine safety. We cannot accurately predict the effect of these factors. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Risk Factors</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A summary of the regulatory regimes in the jurisdictions material to our business and affairs is provided below.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Argentina</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Regulatory</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Land Tenure</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral rights in Argentina are owned by the federal or provincial governments, depending on which jurisdiction they are located. Exploitation concessions in Argentina are called minas (or mines), and one or more minas can be grouped together to form a grupo minero (or group of mines), as described below. A mina is comprised of one or more pertenencias, which are the basic units of mining properties in Argentina. Pertenencias must be rectangular in shape and for lode (i.e. vein) deposits can have boundaries, in principle, no greater than 200 metres by 300 metres </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 15 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">for a maximum area of 6 hectares. Pertenencias that are claimed over deposits of disseminated mineralization in the first category (which includes silver, zinc and tin) are allowed to cover up to 100 hectares. Under Argentine mining law, such concessions are considered &#8216;real property&#8217; and give the concessionaire the rights to recover pre-determined metals from the subsurface vertically underneath the concession for an unlimited period of time provided (i) an annual fee or canon is paid in the amount of ARS $80 per pertenencia and ARS $500 per lode deposit (ii) and the committed investments and exploitation of the mine are performed. The owner or owners of adjacent minas may choose to consolidate them into a group of minas. Each mina within a group of minas is still subject to the same obligations as are the individual minas within the group, namely the annual payment of canons, the committed investment, and the mine exploitation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A cateo is an exploration lease that allows individuals or companies to explore for minerals. Each cateo has an exclusive right to be convertible into a mina once a mineral discovery has been made. Cateos are subject to a one-time payment or canon of ARS $400 per 500 hectares. The term of a cateo is based on its area: 150 days for the first unit (500 hectares) and an additional 50 days for each unit thereafter, up to a maximum of 20 units. After a period of 300 days, 50% of the area over four units (2,000 hectares) must be dropped. At 700 days, 50% of the area remaining over four units (2,000 hectares) must be dropped. Time extensions may be granted to allow for situations such as bad weather and difficult access. To maintain a cateo, the holder must also present to the mining authority a minimum exploration work program and schedule. The cateo subject to application has the docket number 701-S-2007 and covers an area of 1,658 hectares. MPI has no reason to believe that the cateo will not be registered.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Surface Rights</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Access over surface property rights in Argentina is contemplated within the Argentine Mining Code (the &#8220;Argentine Mining Code&#8221;) and is obtained through the corresponding provincial mining authority, which is required to communicate with surface owners and ensure that they cooperate with the activities of mining companies. Notice to surface owners can be difficult due to delayed filing of personal property title changes and registry as well as limited staffing and mobility of the relevant authorities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Export Controls and Duties</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In December 2007, the DNA levied an export duty of 10% on concentrates for projects, even those with fiscal stability agreements predating 2002. We have challenged the legality of the export duty on silver concentrates and the matter is currently under review by the Federal Court (Jujuy) in Argentina. The Federal Government of Argentina asserts that the Pirquitas Mine is subject to this export duty despite contrary rights detailed under the fiscal stability agreement (the &#8220;Fiscal Agreement&#8221;) we signed with the Federal Government in 1998 for production from the Pirquitas Mine. In December 2012, the Federal Court of Appeal (Salta) upheld an injunction granted in our favour by the Federal Court (Jujuy) effective September 29, 2010, which prohibited the Federal Government from withholding the 10% export duty imposed upon us by the DNA in December 2007. However, the Federal Government has sought permission from the Federal Court of Appeal (Salta) to appeal this decision to the Federal Supreme Court of Argentina. The Federal Government has also appealed the refund we claimed for the export duties paid before the injunction, as well as matters of procedure related to the uncertainty of the amount reclaimed. At December 31, 2012, we have accrued a liability totaling $35.8 million, with a corresponding increase in cost of sales in the relevant period. If this export duty is successfully overturned, the benefit will be recognized in the Consolidated Statement of Income (Loss) for the full amount of paid and unpaid duty in the period that recovery becomes virtually certain.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On October 26, 2011, the Argentina government announced a decree that requires all funds from export sales to be repatriated to Argentina and converted into Argentine pesos within the Sole Foreign Exchange Market in Argentina. The Argentine pesos can then be exchanged back into the original currency, again through the Sole Foreign Exchange Market, provided the required authorization is granted by the Argentine Central Bank and the Federal Administration of Public Income. Each transfer is subject to a 0.6% transfer tax. The mining industry had previously been exempted from this obligation to bring such foreign currency into Argentina. Although the Fiscal Agreement includes stability over foreign exchange controls, the government removed such benefits with this decree.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In early 2012, the Argentine Ministry of Economy and Public Finance issued a resolution that reduced the time permitted to repatriate export proceeds from 180 days to 15 days, which caused the Pirquitas Mine to temporarily </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 16 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">suspend shipments while we assessed the potential impact of this resolution.&#160;&#160;Subsequently, the time permitted to repatriate export proceeds was increased to 30 days and then to 140 days for silver and zinc concentrates, which enabled us to recommence shipping. In September 2012, a revised resolution reinstated the 180 day time limit for silver concentrates only.&#160;&#160;Further, during 2012, the Argentine Central Bank increased its involvement in U.S. dollar inflows and outflows, and the country continued to experience high inflation along with a weakening currency.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Import Restrictions</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Argentina government has introduced measures requiring local sourcing of equipment and supplies wherever possible. As of the date of this Annual Information Form, we have been able to comply with such requirements.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Environmental</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Argentine Mining Code, as amended in 1996, establishes the guidelines for preparing environmental impact statements for mining projects. The applicable mining and environmental authorities within each provice are responsible for the application and enforcement of the Argentine Mining Code, including environmental matters.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A party wishing to commence or modify any exploration or mining-related activity as defined by the Argentine Mining Code, including property abandonment or mine closure activity, must prepare and submit to the Provincial Mining Authority (&#8220;PMA&#8221;) an Informe de Impacto Ambiental or EIA prior to commencing the work. Each EIA must describe the nature of the proposed work, its potential risk to the environment, and the measures that will be taken to mitigate that risk. The PMA has a sixty-day period to review and either approve or reject the EIA; however, the Argentine EIA is not considered to be automatically approved if the PMA has not responded within that period. If the PMA deems that the EIA does not have sufficient content or scope, the party submitting the EIA is granted a thirty-day period in which to resubmit the document and the PMA has an additional thirty-day period to review.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If accepted by the PMA, the EIA is used as the basis to create a Declaraci&#243;n de Impacto Ambiental or Declaration of Environmental Impact (&#8220;DEI&#8221;), which the party must agree to uphold during the mining-related activity in question. The DEI must be updated at least once every two years. Sanctions and penalties for non-compliance to the DEI are outlined in the Argentine Mining Code, and may include warnings, fines, suspension of Environmental Quality Certification, restoration of the environment, temporary or permanent closure of activities, and removal of authorization to conduct mining-related activities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mexico</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Regulatory</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Land Tenure</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The exploration and exploitation of minerals in Mexico may be carried out by means of obtaining mining concessions, which are granted by the Mexican federal government pursuant to the Mining Law (the &#8220;Mexican Mining Law&#8221;), a federal statute governing the grant, use, cancellation and expiration of mining concessions. Mining concessions have a term of fifty years from the date of their recording in the Public Registry of Mining. The term of mining concessions previously issued by the Mexican federal government (for exploration and/or exploitation) was automatically extended by the enactment of the recent amendments to the Mexican Mining Law. Due to such amendments, the holders of mining concessions for exploration were automatically authorized to carry out not only exploration work, but also exploitation works.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Holders of concessions may, within the five years prior to the expiration of such concessions, apply for their renewal for the same period of time. Failure to apply prior to the expiration of the term of the concession will result in termination of the concession. Concessions are subject to annual work requirements and payment of mining duties which are assessed and levied on a semi-annual basis. Such concessions may be transferred or assigned by their holders, but such transfers or assignments must comply with the requirements established by the Mexican Mining Law and be registered before the Public Registry of Mining in order to be valid against third parties.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 17 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Although the Law of Foreign Investment provides that foreign companies and foreign individuals may hold mineral concessions, in practice, based on the provisions set forth in the Mexican Mining Law, mineral concessions are only granted to Mexican citizens or companies, ejidos and agrarian and indigenous communities. Foreign citizens or corporations may only obtain mineral concessions through the establishment of a subsidiary in Mexico. Foreign investment in Mexican companies must comply with certain requirements set forth in the Law of Foreign Investment.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Mexican Constitution and federal laws state that mineral activities are of public interest to Mexico, and accordingly, provide the owner of a mineral concession with the legally-preferred right to the overlying surface rights. If the holder of the mineral concession is unable to acquire the surface rights required for operations through negotiation, the concession holder may request the federal government to commence an administrative process to acquire for the mineral concession holder long-term access to the required surface rights through a process known as &#8220;temporary occupation&#8221;. Concession-holders are also entitled to request the forced expropriation or easement on the relevant surface land, although these two procedures are less used in practice.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The temporary occupation is commenced with the concession-holder applying to the government agency, Administration and Appraisals Institute of National Goods (Instituto de Administraci&#243;n y Aval&#250;os de Bienes Nacionales or &#8220;INDAABIN&#8221;, for its initials in Spanish), to conduct an appraisal of the value of the surface lands. Our wholly-owned Mexican subsidiary, Silver Standard Durango S.A. de C.V. (&#8220;SSD&#8221;), completed this application in November 2012. INDAABIN has conducted the appraisal of the Las Flores property and SSD is awaiting the results of this evaluation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Ejido Land</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An ejido is a communal ownership of land declared as such by Presidential Decree , regulated, among other statutes, by the Mexican Agrarian Law, and administered by a representative board (Comisariado Ejidal) formed by members of the ejido. Although ejido land is owned by the ejido community at large, the Agrarian Law permits the ejido community to compartmentalize the land and allocate specific parcels to individual members of the ejido for their exclusive use and usufruct. When plots of ejido land are compartmentalised, the beneficiary ejido members are permitted to enter into lease agreements over the parcels with third parties, but they may only transfer their use and usufruct rights to the parcels to other members of the ejido community.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Agrarian Law also permits the ejido community to authorize the privatization of the parcels and adoption by the corresponding ejido member of full title over such pieces of land. When the parcel is privatised, the ejido owner may sell the land to third parties, subject to certain rights of first refusal provided by the Agrarian Law in favour of the ejido member&#8217;s family and other members of the ejido community, including the ejido itself, in that order.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Stability Agreements</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Currently there is no available practice of obtaining financial stability agreements with the Mexican Government.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Environmental and Permitting</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Environmental permitting in the mining industry in Mexico is mainly administered by the federal government body Secretar&#237;a de Medio Ambiente y Recursos Naturales (&#8220;SEMARNAT&#8221;), the federal regulatory agency that establishes the minimum standards for environmental compliance. Guidance for the federal environmental requirements including conservation of soils, water quality, flora and fauna, noise emissions, air quality, and hazardous waste management, derives primarily from the Ley General del Equilibrio Ecol&#243;gico y la Protecci&#243;n al Ambiente (&#8220;LGEEPA&#8221;), the Ley General para la Prevenci&#243;n y Gesti&#243;n Integral de los Residuos (&#8220;LGPGIR&#8221;) and the Ley de Aguas Nacionales (&#8220;LAN&#8221;). Article 28 of the LGEEPA specifies that SEMARNAT must issue prior approval to parties intending to develop a mine and mineral processing plant.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An Environmental Impact Statement (by Mexican regulations called a Manifestaci&#243;n de Impacto Ambiental, or &#8220;MIA&#8221;) is the document that must be filed with SEMARNAT for its evaluation and, if applicable, further approval by SEMARNAT through the issuance of an Environmental Impact Authorization, whereby approval conditions are specified where works or activities have the potential to cause ecological imbalance or have adverse effects on the </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 18 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">environment. The Ley de Aguas Nacionales provides authority to the Comisi&#243;n Nacional del Agua (&#8220;CNA&#8221;), an agency within SEMARNAT, to issue water extraction concessions, and specifies certain requirements to be met by applicants. In addition, the Ley General de Desarrollo Forestal Sustentable indicates that authorizations must be granted by SEMARNAT for land use changes to industrial purposes. An application for change in land use or Cambio de Uso de Suelo, must be accompanied by a technical study that supports the environmental permit application (Estudio T&#233;cnico Justificativo or &#8220;ETJ&#8221;). In cases requiring a change in forestry land use, a Land Use Environmental Impact Assessment is also required. Mining projects also need to include a risk analysis for the use of regulated substances (An&#225;lisis de Riesgo) and an accident prevention program.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Permits, Licenses and Authorizations</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are three main SEMARNAT permits required prior to construction and development of a mining project: MIA, Change of Land Use (with the accompanying ETJ and, if applicable, the land use MIA), and Risk Analysis and Accident Prevention Program. A construction permit is required from the local municipality and an archaeological release letter is required from the National Institute of Anthropology and History (&#8220;INAH&#8221;). An explosives permit is required from the Ministry of Defense (&#8220;SEDENA&#8221;) before construction begins. Water discharge and usage must be granted by the CNA. A project-specific environmental license (Licencia Ambiental &#218;nica or &#8220;LAU&#8221;), which states the operational conditions and requirements to be met, is issued by SEMARNAT when the agency has approved the project operations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The key permits and the stages at which they are required are summarised in <a name="table1">Table 1</a>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="90%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="3" valign="top" width="65%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: medium none; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Table 1 Key Permits and Status</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Permit</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining Stage</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Agency</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Environmental Impact Statement &#8211; MIA</font></div>
</td>
<td valign="middle" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction/Operation/Post-operation</font></div>
</td>
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SEMARNAT</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Land Use Change &#8211; ETJ &amp; Land Use MIA</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction/Operation</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SEMARNAT</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Risk Analysis</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction/Operation</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SEMARNAT</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction Permit</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Municipality</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Explosive &amp; Storage Permits</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction/Operation</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SEDENA</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Archaeological Release</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">INAH</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Water Use Concession</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction/Operation</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CNA</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Water Discharge Permit</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operation</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CNA</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Project-specific License (LAU)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operation</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SEMARNAT</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accident Prevention Plan</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operation</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SEMARNAT</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Peru</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Regulatory</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mining activities in Peru are subject to the provisions of the Uniform Text of General Mining Law (&#8220;General Mining Law&#8221;).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">General Obligations for Mining Concession Titleholders</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under Peruvian law, the Peruvian State is the owner of all mineral resources in the ground. Rights over such mineral resources are granted through a concession system, consisting of four different types of concessions which grant the titleholder the right to perform different activities related to the mining industry, as follows: (i) mining concessions </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 19 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">grant their titleholder the right to explore and exploit the mineral resources located within the boundaries of said concession, (ii) processing concessions grant their titleholder the right to extract or concentrate the valuable part of an aggregate of minerals extracted and/or to smelt, purify or refine metals, (iii) general work concessions grant their titleholder the right to provide ancillary services to two or more mining concessions, and (iv) mining transport concessions grant their titleholder the right to install and operate non-conventional continuous transportation systems for mineral products between one or several mining centres and a port or processing plant, or a refinery or one or more stretches of these routes.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Titleholders of mining concessions pay an annual validity fee each year in the amount of $3.00 per year and per hectare.&#160;&#160;Titleholders must also reach a minimum annual production of US$100.00 per year and per hectare granted by the end of the sixth year from the year which title of mining concession was granted. If this minimum production is not reached by the end of this term, annual penalty fees will be applied. Failure to comply with validity or penalty fee payments for two consecutive years causes the termination of the mining concession.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notwithstanding the foregoing, Legislative Decrees in 2008 amended several articles of the General Mining Law regarding the minimum production obligation, establishing a new regime for compliance with such obligation (&#8220;New MPO Regime&#8221;). According to the New MPO Regime, titleholders of mining concessions must reach a minimum level of annual production (&#8220;Minimum Production&#8221;) within a period of ten years, as from January 1st of the year following that in which title was granted. If the titleholder does not reach Minimum Production within the 10 year period, the mining concession will be terminated unless the titleholder complies with the payment of applicable penalties, in which case the concession may remain in force for up to an additional 5 years. If the titleholder does not reach Minimum Production within the 20 year period, the mining concession will be terminated.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are two exceptions for the potential extinction of mining rights that provide for a limited extension of title: (i) when the titleholder does not reach Minimum Production because of a force major event or an event not caused by the titleholder; or ii) when the titleholder continues paying the annual penalty and also provides evidence of an investment made of no less than ten times the amount of the annual penalty due and payable.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pursuant to the General Mining Law, mining rights may be forfeited in only a number of enumerated circumstances provided by law, such as non-payment of the validity fees or non-compliance with the Minimum Production obligation in the term provided by law or non-payment of the penalty fees. In addition, equal rights to explore for and exploit minerals by way of concession may be granted to either Peruvian nationals or foreigners (except on concessions located within 50 km of the Peruvian international borderline, in which case foreign owners must obtain express authorization from the government).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Surface Rights</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mining concessions holders are required to negotiate access to the land over which the mining concession is located with the respective surface land owner or holder (agrarian communities), or file an application with the General Bureau of Mines to obtain an easement, temporary occupancy or expropriation of the land, as the case may be.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Royalties</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mining royalties are calculated over a quarterly operating profit obtained by mining agents engaged in the exploitation of mineral resources. The applicable rates for the determination of the mining royalty are ranging from 1% to 12%, depending on the company&#8217;s operating margin, with a minimum payment equivalent to 1% of the revenues generated by sales in the quarter. The payment of the mining royalty is considered as an expense for determining the corporate income tax.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mining Taxes</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Since 2011 the Special Mining Tax (&#8220;SMT&#8221;) has been in force. The SMT is calculated at progressive rates, depending on operating margin. The SMT is considered an expense deductible when determining the corporate income tax payable.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 20 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Exports</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the General Mining Law, the right to sell mining production freely in world markets is established. Peru has become party to agreements with the World Bank&#8217;s Multilateral Investment Guarantee Agency and with the Overseas Private Investment Corporation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Stability Agreements</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The General Mining Law provides holders of mining rights the option of signing stability agreements with the Peruvian Government in connection with investments made to commence new mining operations or expand existing mining operations. In order to qualify, companies must submit satisfactory documentation to the government regarding the amount of investment. Stability agreements can apply to several taxes, including income taxes and the general sales tax or value-added tax, as well as mining royalties.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Environmental</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The General Bureau of Environmental Affairs (<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">Direcci&#972;n General de Asuntos Ambientales</font>, or &#8220;DGAAM&#8221; for its initials in Spanish) of the Ministry of Energy and Mines is the governmental agency that approve the appropriate environmental studies required for conducting mining activities in the country, while the Environmental Inspections and Auditing Bureau of the Ministry of the Environment is the governmental agency that inspects and audits mining projects and operations in order to secure compliance with environmental obligations and related commitments.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mining Exploration Activities</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pursuant to Peruvian environmental regulations, mining exploration projects are classified into the following two categories depending on the size of the exploration activities to be conducted. Category I comprises smaller exploration projects where there are 20 or less drilling platforms to be constructed, disturbed areas do not exceed 10 hectares or the construction of tunnels does not exceed 50 metres in length. In order to conduct exploration activities under this category, titleholders require a simplified Environmental Impact Statement duly approved by the DGAAM. Category II comprises larger exploration projects where there are more than 20 drilling platforms required, disturbed areas exceed 10 hectares or the construction of tunnels exceeds 50 metres in length. In order to conduct exploration activities under this category, titleholders require a semi-detailed EIA duly approved by the DGAAM.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition to the approval of the required environmental studies, titleholders of mineral rights are also required to obtain: (i) authorization to start exploration activities that includes the approval of the prior consultation process; (ii) all necessary governmental consents and permits required to conduct the activities detailed in the corresponding environmental study (e.g. authorizations for water use, for hydrocarbon storage, among others), and (iii) the right granted by the owner to use the surface land required for the development of the project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mine Development, Exploitation and Processing Activities</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Prior to conducting mine development, exploitation and processing activities, titleholders of mining concessions must have a fully-detailed EIA duly approved by the DGAAM. In addition to the approval of the corresponding EIA, titleholders are also required to obtain: (i) the surface rights required for the development of the mining project, (ii) all other permits, licenses, authorizations and approvals required by national law, in accordance with the environmental commitments established in the corresponding EIA, (iii) approval of the prior consultation process for development, exploitation and processing mining activities and (iv) a resolution of approval of the corresponding Mine Closure Plan duly approved by the DGAAM.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table 2 lists the most common permits, licences and authorizations required for the development, exploitation and processing activities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 21 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="90%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="67%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: medium none; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table2">Table 2</a> Common Permits, Licenses and Authorizations</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Permit, License or Authorization</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Agency</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Water use (License)</font></div>
</td>
<td valign="middle" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">National Authority of Water (Autoridad Nacional del Agua or &#8220;ANA&#8221;)</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Discharge of industrial wastewaters (Authorization)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ANA</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Discharge of domestic wastewaters (Authorization)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ANA</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operation of septic tanks (Authorization)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">General Bureau of Environmental Health</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Start-up Exploitation Activities (Authorization)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ministry of Energy and Mines</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Processing concession (Permit)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ministry of Energy and Mines</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operation of fuel storage facilities (Authorization)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Energy and Mining Investment Supervisory Board</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Use of controlled chemicals and supplies (Authorization)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ministry of Production and the Ministry of the Interior</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="42%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operation of telecom services (Authorization)</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ministry of Transport and Communications</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Summary of Mineral Reserves and Mineral Resources Estimates</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following tables summarize as at December 31, 2012 our estimated Mineral Reserves and Mineral Resources. With the exception of the Maverick Springs Project, all of our projects are wholly-owned.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-STYLE: italic; DISPLAY: inline">Mineral Reserves</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Property</font></font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Classification</font></font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Ore</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Silver</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Gold</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Silver</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Gold</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Mt)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(g/tonne)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(g/tonne)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(oz.&#160;in&#160;millions)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(oz.&#160;in&#160;millions)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="20%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pirquitas Mine<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Proven&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">180.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">48.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Probable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">169.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stockpiles (Probable)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">137.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="20%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Probable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">156.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">478.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="20%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Luis Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(4)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Proven&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.06</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">604.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.05</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="15%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Probable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.45</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">426.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.24</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="9" valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">566.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.29</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-STYLE: italic; DISPLAY: inline">Mineral Resources</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="21%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Property</font></font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Classification</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Ore</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Silver</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Gold</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Silver</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Gold</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Mt)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(g/tonne)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(g/tonne)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(oz.&#160;in&#160;millions)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(oz.&#160;in&#160;millions)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pirquitas Mine<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">53.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">141.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">88.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stockpiles (Indicated)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">137.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">160.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(7)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">240.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">81.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">632.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">44.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Luis Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(8)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.06</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">757.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.06</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.43</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">555.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.29</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.02</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">270.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.00</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diablillos Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(9)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div align="left">&#160;</div>

<div align="left">
<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 22 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="21%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Property</font></font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Classification</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Ore</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Silver</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Gold</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Silver</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Gold</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Mt)</font></font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(g/tonne)</font></font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(g/tonne)</font></font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(oz.&#160;in&#160;millions)</font></font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(oz.&#160;in&#160;millions)</font></font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">111.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">77.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.64</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.19</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Agustin Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(10)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">121.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">47.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.59</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">91.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">36.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.06</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Berenguela Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(11)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">132.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">66.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">111.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Challacollo Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(12)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">170.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">160.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Candelaria Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(13)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">152.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.01</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97.4</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">29.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.03</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">50.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">51.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.1</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">82.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.03</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Maverick Springs Project (Joint Venture)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(14)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">63.2</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">69.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">77.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">85.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Sunrise Lake Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(15)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">262.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.7</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.03</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.6</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">169.0</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.9</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.04</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Marcial Project<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(16)</font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="16%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">191.8</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8212;</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="9" valign="bottom" width="52%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Measured</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">132.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.07</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="9" valign="bottom" width="52%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Indicated</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,055.3</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.58</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="21%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="9" valign="bottom" width="52%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Inferred</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">343.5</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.33</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div align="left">&#160;</div>
</div>

<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All estimates of Mineral Reserves and Mineral Resources were prepared in accordance with NI 43-101 under the supervision of a Qualified Person. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Mineral Resources and Mineral Reserves figures have been rounded to the the nearest 0.1 million tonnes and the nearest 0.1 million ounces for silver and 0.01 million ounces for gold.&#160;&#160;Exact totals can be found in the corresponding NI 43-101 Technical Report for each property.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Reserves estimate is reported below the as-mined surface as at December 31, 2012 and was completed by Andrew W. Sharp FAusIMM and Trevor J. Yeomans, P.Eng., ACSM, as Qualified Persons in accordance with the standards of NI 43-101. Mineral Reserves are presented at a cut-off of US$35.52 per tonne net smelter return (&#8220;NSR&#8221;), using US$25.00 per troy ounce silver and US$2,403.00 per tonne zinc. These values remain unchanged to the values that are reported in the 2011 Pirquitas Technical Report, which is filed on SEDAR and is available on our website. For a complete description of the key assumptions, parameters and methods used to estimate the Mineral Reserves, please refer to the 2011 Pirquitas Technical Report.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(3)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Reserves estimate is as at December&#160;4, 2012 and was completed by Andrew W. Sharp, FAusIMM, as a Qualified Person in accordance with the standards of NI 43-101 and is contained in the 2012 Pitarrilla Technical Report. The Mineral Reserves estimate uses a NSR calculation to determine cut-off using US$25.00 per troy ounce silver, US$0.90 per pound lead and US$0.95 per pound zinc. The Mineral Reserves contain two ore types&#8212;direct leach ore and flotation/leach ore. The constant cut-off value for direct leach ore is US$16.38/tonne and for flotation/leach ore is US$16.40/tonne. The NSR calculation method varies for the two ore types. For the two ore types combined, the overall average process recovery of silver, lead, and zinc are 69.6%, 57.4%, and 61.3%, respectively. No mining activity has occurred on the property from December 4, 2012 to December 31, 2012.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(4)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Reserves estimate is as at June 4, 2010 and was completed by Steve L. Milne, P.E., as a Qualified Person in accordance with the standards of NI 43-101 and is contained in the San Luis Feasibility Study. Mineral Reserves are reported at a cut-off grade of 6.9 grams per tonne gold equivalent, based on US$800.00 per troy ounce gold, US$12.50 per troy ounce silver, and recoveries of 94% gold and 90% silver, as presented in the San Luis Feasibility Study. No mining activity has occurred on the property from June 4, 2010 to December 31, 2012.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(5)</font></div>
</td>
<td width="1224">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Measured Resources&#8221;, &#8220;Indicated Resources&#8221; and &#8220;Inferred Resources&#8221; are defined under the heading &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Cautionary Notice Regarding Mineral Reserves and Mineral Resources Estimates</font>&#8221;. Although Measured Resources, Indicated Resources and Inferred Resources are Mineral Resources confidence classification categories defined by CIM and are recognized and required to be disclosed by NI&#160;43-101, the SEC does not recognize them. Disclosure of contained ounces is permitted under NI 43-101; however, the SEC permits mineralization that does not constitute &#8220;reserves&#8221; by SEC standards to be reported only as in place tonnage and grade. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Cautionary Notice Regarding Mineral Reserves and Mineral Resources Estimates</font>.&#8221;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(6)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources are reported below the as-mined surface as at December 31, 2012.&#160;&#160;Mineral Resources for the Mining Area (includes San Miguel, Potosi, and Oploca zones) were estimated by Dr. Warwick S. Board, P.Geo., as a Qualified Person in accordance with the standards of NI 43-101 in the 2011 Pirquitas Technical Report. For a complete description of the key assumptions, parameters and methods used to estimate the Mineral Resources of the Mining Area, please refer to the 2011 Pirquitas Technical Report. Mineral Resources for the Mining Area are reported above a cut-off grade of 50 grams per tonne silver and are reported inclusive of Mineral Reserves. The Mineral Resources estimate of the Cortaderas Area, with an effective date of December 31, 2012, was completed by Jeremy D. Vincent, P.Geo., as a Qualified Person in accordance with the standards of NI 43-101.&#160;&#160;Mineral Resources for the Cortaderas Area are reported above a cut-off grade of 50</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 23 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">grams per tonne silver and are reported inclusive of Mineral Reserves. All Measured Mineral Resources are situated in the Mining Area. Indicated Resources in the Mining Area comprise 15.9 million tonnes, totalling 72.8 million ounces of silver.&#160;&#160;Indicated Resources in the Cortaderas Area comprise 3.6 million tonnes, totalling 15.6 million ounces of silver. Stockpile material comprises 1.4 million tonnes of mined material, totalling 6.1 million ounces of silver.&#160;&#160;Inferred Resources in the Mining Area comprise 0.03 million tonnes, totalling 0.1 million ounces of silver.&#160;&#160;Inferred Resources in the Cortaderas Area comprise 2.7 million tonnes, totalling 14.1 million ounces of silver.</font></div>
</td>
</tr></table>
</div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 30px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(7)</font></div>
</td>
<td width="1217">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate is as at December&#160;4, 2012 and was completed by Jeremy D. Vincent, P.Geo., as a Qualified Person in accordance with the standards of NI 43-101 and is contained in the 2012 Pitarrilla Technical Report. Mineral Resources are reported above a cut-off grade of 30 grams per tonne silver and are reported inclusive of Mineral Reserves.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(8)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate is as at June 4, 2010 and was completed by Michael J. Lechner, P.Geo., and Donald F. Earnest, P.G., as Qualified Persons in accordance with the standards of NI 43-101 and is summarized in the San Luis Feasibility Study. Mineral Resources are reported above a gold-equivalent cut-off grade of 6.0 grams per tonne based on US$600.00 per troy ounce gold and US$9.25 per troy ounce silver. Mineral Resources are reported inclusive of Mineral Reserves. Inferred gold resources are less than 0.005 million ounces and are presented as 0.00 million ounces due to rounding.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(9)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate was completed by Gilles Arseneau, Ph.D., P.Geo., a Qualified Person, in accordance with the standards of NI 43-101, in a technical report completed by Wardrop, a TetraTech company, entitled &#8220;Technical Report on the Diablillos Property-Salta and Catamarca Provinces, Argentina&#8221; dated July, 2009. Mineral Resources are reported above a recoverable metal value (RMV) cut-off value of US$10 RMV based on metal prices of US$11.00 per troy ounce silver and US$700.00 per troy ounce gold using metal recoveries of 40% and 65%, respectively.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(10)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate was completed by Gilles Arseneau, Ph.D., P.Geo., a Qualified Person, in accordance with the standards of NI 43-101, in a technical report completed by Wardrop, a TetraTech company, entitled &#8220;San Agustin Resources Estimate&#8221; dated March, 2009. Mineral Resources are reported within an optimized pit-shell above RMV cut-off values of US$3.40 RMV in oxide mineralization and US$6.25 in sulphide mineralization using metal prices of US$11.63 per troy ounce silver, US$631.97 per troy ounce gold, US$0.78 per pound lead, and US$1.11 per pound zinc, using a RMV formula as follows: (Au g/t * 14.63) + (Ag g/t *0.28) + (Pb% * 8.59) + (Zn% * 15.12). Recovery rates were 72% for gold, 74% for silver, 50% for lead and 62% for zinc.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(11)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate was completed by James A. McCrea, P.Geo., a Qualified Person, in accordance with the standards of NI 43-101, in a technical report dated October&#160;4, 2005. Mineral Resources are reported above a 50 gram per tonne silver cut-off.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 32px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(12)</font></div>
</td>
<td width="1215">
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate was completed by us in accordance with the standards of NI 43-101. Mineral Resources are reported above a 50 gram per tonne silver cut-off. C. Stewart Wallis, P.Geo., a Qualified Person, reviewed and confirmed the estimation methodology and classification of Indicated and Inferred Mineral Resources in a report dated September&#160;17, 2003.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(13)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate was completed by Mark G. Stevens, P.G., a Qualified Person, in accordance with the standards of NI 43-101, in a technical report dated May 24, 2001. Mineral Resources are reported above a 0.5 troy ounces per ton cyanide soluble silver cut-off.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(14)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We currently hold a 55% interest in the Maverick Springs Project through a joint venture. Our 55% interest in the Maverick Springs Project entitles us to all silver produced from the project while our joint venture partner is entitled to all gold produced from the project. Mineral Resources estimate was completed in accordance with the standards of NI 43-101 by Snowden Mining Industry Consultants Inc. in a technical report dated April&#160;13, 2004. Mineral Resources are reported above a 1 ounce per tonne silver equivalent cut-off using metal prices of US$327.00 per ounce gold and US$4.77 per ounce silver. The silver equivalent grade was determined as follows: Ag&#160;g/t&#160;+ (Au g/t * 68.46).</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(15)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate was completed in accordance with the standards of NI 43-101 by C. Stewart Wallis, P.Geo., of Roscoe Postle Associates Inc., a Qualified Person, in a technical report dated September&#160;3, 2003. Mineral Resources are reported above a 30 gram per tonne silver cut-off.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(16)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate was prepared by us in accordance with the standards of NI 43-101 and confirmed by C. Stewart Wallis, P. Geo., a Qualified Person, in a technical report dated October&#160;15, 2002. Mineral Resources are reported above a 30 gram per tonne silver cut-off.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="mineralproperties">MINERAL PROPERTIES</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="pirquitasmine24">Pirquitas Mine</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following disclosure relating to the Pirquitas Mine is based, in part, on information derived from the technical report entitled &#8220;NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina&#8221;, dated effective December 23, 2011 (&#8220;2011 Pirquitas Technical Report&#8221;) prepared by Dr. Warwick S. Board, P.Geo., R. Bruce Kennedy, P.E. and Trevor J. Yeomans, B.Sc. (Hons), ASCM, P.Eng., all of whom are Qualified Persons as defined in NI 43-101. The 2011 Pirquitas Technical Report is available for review under our profile on SEDAR at www.sedar.com. The following disclosure has been updated to include information about the Pirquitas Mine subsequent to the date of the 2011 Pirquitas Technical Report. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Interests of Experts</font>&#8221; for details of the Qualified Persons who prepared the 2011 Pirquitas Technical Report and approved the following disclosure.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Project Description and Location</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine is located in the Puna de Juje&#241;a region of northwestern Argentina in the Province of Jujuy. The Pirquitas Mine consists of 50 semi-contiguous mineral exploration concessions covering a total area of 3,621 hectares. The project is held by our wholly-owned subsidiary, MPI, and is located approximately 355 kilometres northwest of the city of San Salvador de Jujuy. MPI was formerly known as Sunshine Argentina, Inc. (&#8220;Sunshine Argentina&#8221;). The Pirquitas Mine also includes surface rights covering an area of approximately 7,502 hectares, which can be used for purposes such as housing, infrastructure facilities, processing plants, waste and tailing </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 24 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">disposal sites, and other facilities to support mining operations. MPI is the freehold title holder of the area covered by surface rights.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In order to maintain our rights to the Pirquitas concessions, we are required to make &#8220;canon&#8221; payments to the Argentine government. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Argentina &#8211; Regulatory &#8211; Land Tenure</font>&#8221;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">MPI holds environmental permits for the Pirquitas Mine. These permits are updated biannually and remain valid and in force.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="aif_pg25.jpg" alt="GRAPHIC"></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Map of Argentina Showing the Location of the Pirquitas Mine</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Accessibility, Climate, Local Resources, Infrastructure and Physiography</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Access</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are two main access routes to the Pirquitas Mine from the provincial capital of San Salvador de Jujuy. Heavy transport vehicles generally follow Highway 9 northwards from Jujuy to Purmamarca, then turn to the northwest on paved road No. 52 and then turn onto gravel road No.16 heading to the town of Susques. From there gravel roads No. 74 and No. 74b are followed northwards to the mine.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine site is located approximately 850 kilometres by road from the port of Antofagasta in Chile and approximately 2,000 kilometres by road from the port of Buenos Aires in Argentina. The terrain surrounding the mine is mountainous, with elevations ranging from 4,100 to 4,400 masl.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Climate</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Below freezing, dry and often windy conditions prevail during winter months (June to August), with moderate temperatures and occasional rains through the rest of the year. Annual precipitation averages about 260 mm with most of this falling during the months of December to February.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 25 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Local Resources and Infrastructure</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The energy requirements of the Pirquitas Mine are met by gas-powered generation utilizing a spur gas line connecting the site to the Trans Andean natural gas pipeline that is located approximately 36 kilometres to the south of the project. The power plant constructed at the site provides all power required for the mine and processing plant.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A water diversion was installed at the San Marcos River, about seven kilometres from the processing plant and MPI has water rights to 31 litres per second. A camp site was constructed and is fully operational and in addition, the mine is equipped with phone and internet service.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Physiography</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The terrain of the Pirquitas property area is rugged and steep, typical of the central Andean Altiplano which in Argentina is referred to as the Puna. Elevations on the property range from about 4000 to 4450 masl. Some 20 kilometres to the north is the extinct volcano of Cerro Granada which peaks at 5696 masl. Patchy to sparse shrub and grass vegetation cover the slopes surrounding the mine and provide habitat for a few mammals, including vicu&#241;a, puna fox, and the vizcacha, as well as more than 50 species of birds.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sufficiency of Surface Rights</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We own all surface rights necessary for the mining operations at the Pirquitas Mine.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">History</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas site is the largest historical producer of tin and silver in Argentina. The following is a chronological description of mining that has occurred at the site:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1932-1935: Tin placer deposits were first discovered in the area in 1932. Dredging of the tin placers commenced in 1933.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1935-1990: The bedrock source of the tin placers was discovered in 1935 and mining of the tin and silver lodes started soon thereafter. Twelve mines operated in the area. Often, mineralization found in one mine would extend into the workings of the adjacent mine and, as a consequence, several of the mines eventually became interconnected. The largest operations were the San Miguel, Chocaya, Llallagua, and Potosi mines. Reported total metal production during this time is estimated to be approximately 27.4 million ounces of silver, 20 million pounds of tin from placer deposits, and 40.1 million pounds of tin mined from the vein systems.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1995-2003: Sunshine Argentina acquired the Pirquitas property in a bankruptcy auction in November 1995. Sunshine Argentina&#8217;s exploration program included survey control, geophysical surveys, geological mapping, sampling, and drilling. All accessible underground workings were sampled and mapped. Sunshine Argentina also conducted extensive diamond and reverse circulation (&#8220;RC&#8221;) drilling from surface as well as diamond core drilling from rehabilitated underground workings. A feasibility study was completed for the project by Jacobs Engineering in 1999 (the &#8220;1999 Feasibility Study&#8221;) and updated by Sunshine Argentina in 2000 (the &#8220;2000 Feasibility Study&#8221;).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2004-2005: With the acquisition of a 100% interest in the Pirquitas property, we commenced updating the 2000 Feasibility Study that was completed in 2000 to take into account the economic conditions at the time. We also commenced an underground ramp to (a) provide a platform area to allow underground drilling, to better define the base of the open pit as proposed in the 2000 Feasibility Study and (b) access the Oploca vein mineralization, which is located outside the open pit.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2006: In 2006, we announced the completion of the update to the 2000 Feasibility Study study along with proven and probable reserves for the Pirquitas property. We also announced our decision to proceed with the development of the Pirquitas Mine. As part of our exploration efforts, we continued with the underground ramp that accessed the Oploca vein mineralization.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 26 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2007-2008:&#160;&#160;We completed a majority of the detailed engineering required to construct the Pirquitas Mine and, during 2008, we constructed a substantial portion of the Pirquitas Mine. The underground ramp to the Oploca vein was placed on care and maintenance prior to commencing construction of the Pirquitas Mine.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2008-2011: During this period we completed the construction of the Pirquitas Mine. The Pirquitas Mine achieved production status in December 2009, and produced 6.3 million ounces of silver in 2010. The Pirquitas Mine began zinc shipments in 2011 and produced 10.1 million pounds of zinc and 7.1 million ounces of silver during the year.&#160;&#160;On November 9, 2011, we announced a reduction to the estimated mineral reserve at Pirquitas incorporated into the mine plan, and filed the 2011 Pirquitas Technical Report on SEDAR.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2012: The Pirquitas Mine produced 8.6 million ounces of silver and 11.2 million pounds of zinc in 2012. Following positive exploration results from exploration drillholes completed in 2011, we completed 52,801 metres of diamond drilling at the Pirquitas Mine in 2012, primarily in the Cortaderas target area which is centered about 500 metres north of the active open-pit mine. This drilling campaign was principally designed to expand and better define the Cortaderas Breccia and Cortaderas Valley Mineral Resources which had been defined at the end of 2011.&#160;&#160;Based on the results of the 2012 drilling campaign, the Cortaderas Breccia and Cortaderas Valley areas were combined to form the Cortaderas Area.&#160;&#160;As of December 31, 2012, estimated Mineral Resources in the Cortaderas Area comprise 3.6 million tonnes totalling 15.6 million ounces of silver and 403 million pounds of zinc in the Indicated category, and 2.7 million tonnes totalling 14.1 million ounces of silver and 326 pounds of zinc in the Inferred category, all above a silver cut-off of 50 grams per tonne.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Geological Setting and Mineralization</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Regional and Local Geology</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Northwestern Argentina can be subdivided into three main geological terranes or belts which are oriented with north-northeasterly trends. From east to west, these terranes are referred to as the Sub-Andean Belt, the Eastern Cordillera, and the Puna, where the Pirquitas Mine is located. These terranes are distinguished on the basis of their basement lithology, complexes, tectonic histories, magmatism, metallogeny and geomorphologies.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Puna terrane underlies most of the western half of Jujuy Province and is marked by a high-Andean geomorphology consisting of northerly trending mountain ranges separated by broad valleys and salars or salt pans. Elevations range from 3,900 to 6,700 masl. Paleozoic marine sedimentary formations are the main basement rocks in the Puna, with thick deposits of continental clastics existing where sedimentary basins had developed during Mesozoic time subsequent to a major compressional tectonic event that had caused crustal uplift and intense folding during the Early Devonian. By Middle Tertiary time, the tectonic regime of the Puna had changed to one of extension, resulting in the development of a basin and range geomorphology. The extensional tectonism resulted in the upwelling of magma resulting in the emplacement of andesitic to dacitic stratovolcanoes and subsequently a number of very large caldera structures from which regionally extensive ignimbrite sheets were erupted. These volcanic edifices and deposits are readily seen in the present landscape surrounding the Pirquitas Mine.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas silver-zinc deposit is hosted by the Ordovician Acoite Formation, a strongly folded package of low-grade metamorphosed marine sandstone, siltstone and minor shale beds. These rocks are exposed within fault-bounded, structural blocks that occur southwest and east of the mine area. Late Ordovician to the Early Devonian compressional tectonism resulted in strong folding and high angle thrust faulting of the Paleozoic sedimentary formations. In the area of the mine, the axial planes of the folds strike NS to NNE-SSW and are sub-vertical to moderately inclined.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In terms of mineral deposit endowment, the Puna is by far the most important of the three regional terranes in Jujuy Province. There are four main mineralization styles in the Puna: mesothermal quartz veins containing gold and minor amounts of base metals; polymetallic quartz veins genetically related to Tertiary volcanic centers; &#8220;Bolivian-type&#8221; silver-tin sulphide veins of which Pirquitas is the best example; and Quaternary placer deposits of gold and tin.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 27 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Local Geology and Mineralization</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At the Pirquitas property, the silver-zinc-tin mineralization is hosted by a folded and fractured succession of interbedded units of marine sandstone, siltstone and minor shale of Ordovician age. The metals of interest occur in a variety of sulphide minerals that were deposited in large fractures to form a number of east-west trending veins that are a few hundreds of metres in length and generally 50 to 200 centimeters wide. Irregular networks of sulphide veinlets and disseminated sulphide grains exist between the larger veins.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine exploits previously un-mined portions of the Potosi and San Miguel Veins in addition to a set of sheeted sulphide veinlets with associated disseminated mineralization. Silver, zinc and tin commonly occur together in the mineralized rocks; however, their concentrations in the deposit as a whole are not directly correlative. Silver in the deposit takes the form of silver sulphide, acanthite, and as a number of silver sulphosalt minerals. Zinc occurs as sphalerite and wurzite, while tin is found mainly in the sulphide material, stannite, along with a number of other rare sulphide and sulphosalt minerals. At Pirquitas the main system of sulphide-rich veins cuts the axial surfaces of the folds and the related cleavage fabric at high angles. Two main vein sets are recognized and are described as follows:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the dominant set of structures, the veins strike close to 105&#176; and dip steeply either to the south or north. Major veins in this set include the Potos&#237;, San Miguel, Chocaya-Oploca, San Pedro, Llallagua, Chicharron and Colquiri Veins. The Potos&#237; Vein is the largest known vein on the property, with a strike length of about 500 metres and maximum thickness of 2.5 metres to 3 metres. The other veins of this set typically have strike lengths of between 50 metres and 150 metres, with average widths of 30 cm to 50 cm. The larger of these veins, such as the Potos&#237; Vein, include localised matrix supported breccias with angular clasts of quartz-sericite altered wallrock in a matrix of iron and zinc +/- tin-silver-copper sulphides.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The secondary vein set is represented by the Veta Blanca and Colquechaca Veins. These veins lie north of the Potosi Vein and trend NW-SE.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas deposit is an example of the <font style="FONT-STYLE: italic; DISPLAY: inline">Silver-Tin</font> sub-group of the epithermal class of mineral deposits.&#160;&#160;Also known as <font style="FONT-STYLE: italic; DISPLAY: inline">Bolivian-type</font> polymetallic deposits, examples of this deposit type are numerous in the Bolivian Tin Belt that extends between the San Rafael tin-copper deposit in southern Peru and the Pirquitas deposit in northwestern Argentina.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Bolivian-type silver-tin deposits generally consist of sulphide and quartz-sulphide vein systems, typically containing cassiterite and a diverse suite of base and trace metals, including silver, in a complex assemblage of sulphide and sulfosalt minerals. Generally, the vein systems are spatially and likely genetically associated with epizonal (subvolcanic) quartz-bearing peraluminous intrusions one to two kilometres in diameter, although the mineralization may be entirely hosted by the country rocks into which the intrusive stocks were emplaced.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At the Pirquitas Mine, fracture and breccia-hosted mineralization consists of iron and zinc sulphides with accessory cassiterite (tin oxide) and a large variety of silver-tin-zinc (lead-antimony-arsenic-copper-bismuth) sulphides and sulfosalts. Crystalline quartz, along with chalcedony in the upper levels of the system, and kaolinite are the main gangue minerals in the veins and mineralized breccias. The main sulphides, specifically pyrite, pyrrhotite, sphalerite and wurtzite, form colloform bands parallel to vein margins, which together with crustiform and drusy vein textures suggest that the mineralization is epithermal in origin. However, mineralogical evidence indicates that the initial temperature of the mineralizing fluids was possibly greater than 400&#176;C, with the deposition of an initial suite of zinc and tin-rich sulphide minerals that was later overprinted by the bulk of the silver mineralization which formed at lower temperatures.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Modern mineral exploration was first done at the Pirquitas property during the time Sunshine Argentina held the property.&#160;&#160;Sunshine Argentina carried out several drilling campaigns, involving both RC and diamond core drilling, which are summarized in Table 3 under the heading &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Drilling</font>&#8221; below. Sunshine Argentina also completed relatively detailed geological mapping on the property and commissioned approximately 44 line-kilometres of ground </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 28 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">magnetics surveying and 19.2 line-kilometres of induced polarization surveying over an area that now has at its center the San Miguel open pit.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition to the multiple drilling campaigns we have completed since acquiring the Pirquitas property, as described below, we have conducted a relatively limited amount of detailed geological mapping in conjunction with intermittent programs of rock-chip sampling of bedrock outcrops.&#160;&#160;Rock-chip sampling was also done in a number of shallow trenches that were mechanically excavated on the ridge south of the open-pit.&#160;&#160;&#160;In total, 908 rock samples (711 composite rock-chip and 197 trench channel samples) were collected and submitted for geochemical analysis, with approximately 9% (78 samples) being quality control (&#8220;QC&#8221;) samples.&#160;&#160;Of the 908 samples, 135 samples were submitted to the Pirquitas Mine analytical laboratory for silver, tin, and zinc analysis, while the remaining 773 samples were sent to the ALS Chemex (&#8220;ALS&#8221;) analytical laboratory in Mendoza, Argentina for sample preparation and multi-element analysis.&#160;&#160;The surface rock-chip and trench samples were used to help define drilling targets. The rock samples were submitted to recognised commercial laboratories using industry standard levels of quality control along with standard reference and blank material. We have no reason to doubt the reliability of the geochemical results obtained for the outcrop and trench rock-chip samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2012, we commissioned Quantech Geoscience to perform three geophysical surveys on the property.&#160;&#160;During the first quarter of the year, eleven N-S grid-lines with a combined length of approximately 24 kilometres were ground surveyed by team of geophysical technicians using a Titan 24&#8482; induced polarization system and a gravity metre.&#160;&#160;The majority of the grid-lines for the two geophysical surveys extended north and south from the limits of the open-pit, while two survey lines passed a short distance west of the pit.&#160;&#160;The induced polarization system was used to detect zones of disseminated sulphide mineralization which are typically reflected by areas of anomalous chargeability response, whereas the gravity survey was done to identify rock bodies of relatively high density such as zones of semi-massive sulphide mineralization.&#160;&#160;The apparent effectiveness of the gravimetrics survey method in detecting high concentrations of sulphide mineralization prompted a second gravity survey of 39 line-kilometres to be done in the third quarter of 2012.&#160;&#160;This third geophysical survey covered several square kilometres of the property east of the open-pit.&#160;&#160;About half a dozen zones of anomalously high gravimetric response were outlined by the gravity surveys; these geophysical anomalies represent priority targets that will be drill-tested in 2013. We believe that the reliability of the results of the geophysical campaign discussed above is at an industry standard for the methods employed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Initial drilling on the Pirquitas Mine was conducted by Sunshine Argentina, which drilled a total of 51,863.62 metres in 241 drillholes (see Table 3).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="7" valign="top" width="69%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: medium none; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table3">Table 3</a> Summary of Sunshine Argentina Drilling on the Pirquitas Mine</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Area</font></div>
</td>
<td valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Type</font></div>
</td>
<td valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Objectives</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No. of Drillholes</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Metres Drilled</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Main Deposit</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(from surface)</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition / </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration</font></div>
</td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">41</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,428.03</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Surroundings</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(from surface)</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Condemnation</font></div>
</td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1217.69</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Main Deposit </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(underground)</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition / </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration</font></div>
</td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4284.50</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Main Deposit</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(from surface)</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC</font></div>
</td>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition / </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration</font></div>
</td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">159</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33,926.90</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Surroundings</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(from surface)</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC</font></div>
</td>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Condemnation</font></div>
</td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">771.0</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Monitoring Wells </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(from surface)</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC</font></div>
</td>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Water Monitoring</font></div>
</td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">235.50</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">241</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">51,863.62</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 29 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sunshine Argentina&#8217;s survey control work included the conversion of the local mine survey grid and survey monuments into the UTM Zone 19S coordinate system (using a WGS84 datum). All drillhole collar coordinates were surveyed in the UTM Zone 19S coordinate system (WGS84 datum). RC drilling (approximately 67% of the total metreage drilled by Sunshine Argentina) was used extensively because of its ability to continue drilling through open underground workings, thereby increasing the chance of reaching the desired drillhole depth. Furthermore, geological consultants working for The Winters Group (&#8220;TWC&#8221;) noted that RC drilling was an effective sampling tool for the nature of the mineralization in the Pirquitas deposit as it provided a volumetrically larger sample than the smaller diameter diamond core drillholes. Diamond core drilling augmented the RC drilling to verify results obtained and to better define the boundaries of mineralized zones. In addition diamond drilling was used to obtain structural and geotechnical information. TWC noted that the competency of the rocks and lack of open fractures rendered recovery results of 80% to 100% for the RC drilling.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond core and RC drillholes were predominantly oriented with azimuths of 15&#176; to 195&#176; (i.e., perpendicular to the predominant mineralization trend), and with inclinations ranging from sub-horizontal (underground diamond core drilling) to between 45&#176; and 60&#176; (occasionally steeper, but rarely vertical). Drilling with these inclinations resulted in the drillholes intersecting the main WNW-ESE trending vertical to sub-vertical veins and veinlet stockwork mineralized system at an oblique angle. Mineralized drillhole intersections are therefore slightly longer than true mineralization thicknesses. Information derived from the surface diamond core drilling program was used to gain additional understanding of structural controls of mineralization and to increase confidence in the RC drillhole data.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Most of the drillholes were surveyed for their down-hole orientations using a continuous downhole survey instrument (Tropari Maxibor), and surveys were reported at three metre intervals. Approximately 25% of the drillholes were not surveyed due to an initial misconception by Sunshine Argentina that the RC drillholes would not deviate significantly. Once downhole survey results became available it was apparent that the deviation of some drillholes was significant. Older unsurveyed holes were re-entered and surveyed, where possible. It was not possible to re-enter and survey a total of 57 drillholes. Further analysis showed that geological structures were controlling drillhole deviation and that the degree and direction of the deflection was predictable. Sunshine Argentina used this knowledge to calculate deviations for the unsurveyed drillholes. An additional nine drillholes were drilled in areas where confirmation of mineralization defined by unsurveyed drillholes was needed. The additional drilling confirmed the presence and grade of mineralization where it was indicated by the factored drillhole locations, validating the use of Sunshine Argentinas&#8217;s factored downhole surveys for Mineral Resources estimation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2005 to 2008 Drilling Programs</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The 2005 drilling program was designed to test targets in the Oploca, Llallagua, and Colquechaca areas. The 2007 and 2008 drilling programs included exploration drilling, resource definition drilling, minor drilling for metallurgical testing, and &#8220;condemnation drilling&#8221; for infrastructure planning.&#160;&#160;All drilling was done from surface, with the majority of drillholes being RC holes (approximately 84% of the total metreage drilled). Most of the diamond core that was recovered is of HQ-size, however, where necessary, drillhole core size was sequentially reduced to NQ-size and then BQ-size in some longer holes.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All drillhole collar coordinates were surveyed in the UTM Zone 19S coordinate system (WGS84 datum). Downhole surveys were made using a combination of Single Shot (DDH 072-DDH 084) and Reflex EZ-AQ l surveying instruments with readings taken every 50 metres to 100 metres down the holes. Diamond core and RC drillholes were predominantly oriented with azimuths of 15&#176; to 195&#176; (i.e. perpendicular to the predominant mineralization trend), with hole inclinations generally ranging between 45&#176; and 70&#176; (occasionally steeper, but rarely vertical). These orientations resulted in the drillholes intersecting the main WNW-ESE trending vertical to sub-vertical veins and stockwork veinlet system at an oblique angle. Mineralized drillhole intersections are therefore slightly longer than true mineralization thicknesses. Drilling recovery generally ranged between 95% and 100% for diamond drillholes, and generally between 80% and 100% for RC drillholes, except where drillholes intersected old underground workings. RC drilling was generally more successful than diamond drilling in reaching planned end-of-drillhole depths where the drillholes passed through the underground workings.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 30 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2010 to 2011 Drilling Programs</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond core drilling was conducted between July 2010 and September 2011. A total of 30,215 metres was drilled in 140 diamond core drillholes. The majority of this drilling was for resource definition in and around the existing open-pit (approximately 89% of the drillholes), with the remaining drillholes being exploration drillholes that targeted the Cortaderas Breccia Zone (some 6% of the drillholes) and other exploration targets. Drillholes were generally drilled to generate HQ-size drill cores. Where necessary, drillhole core size was sequentially reduced to NQ-size and then BQ-size in certain longer holes.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All drillhole collar coordinates were surveyed in the UTM Zone 19S coordinate system (WGS84 datum). All drillholes were surveyed for their down-hole orientations using a combination of Single Shot (DDH 119-DDH 132) and Reflex EZ Trac downhole survey tools. Downhole survey measurements were collected at intervals ranging from 3 metres to 50 metres, depending on the degree of deviation noted in the drillhole. Almost all of the drillholes were oriented with azimuths of 15&#176; to 195&#176; (i.e. perpendicular to the predominant mineralization trend). A total of 39 drillholes were oriented with azimuths of 130&#176; to 310&#176;, approximately perpendicular to an inferred secondary mineralization direction that was roughly parallel to the NNE-SSW trending anticline fold axis. This secondary mineralization direction was suggested by a combination of in-pit mapping and detailed geostatistical spatial continuity analyses. Mineralization along this secondary direction was, however, found to be insignificant in comparison to the main WNW-ESE trending vein and veinlet stockwork-hosted mineralization. The inclination of all drillholes was between 45&#176; and 70&#176;, which resulted in the drillholes intersecting the main WNW-ESE trending vertical to sub-vertical veins and stockwork veinlet system at an oblique angle. Drilling recovery for diamond core drillholes generally ranged between 95% and 100%.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The presence of existing underground workings prevented several of the diamond drillholes from reaching their target depths. In such cases, replacement holes were drilled at slightly different orientations from slightly different collar positions, as compared to the original holes, so as to avoid the underground workings, allowing the target depth to be reached.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The earliest drillholes (DDH-167 and DDH-214 through DDH-217) to test the zone of silver- and zinc-rich sulphide mineralization known as Cortaderas Breccia zone, which is located about 500 metres north of the open-pit, were drilled from the north side of the target at a shallow angle to the inferred plunge of the mineralized body. This was done in part to determine the orientation, extent and continuity of the inferred breccia body, but also for economic considerations since to drill the body from the south with a greater intersection angle would have meant locating the drillhole collars high on a ridge and drilling more than 500 metres before reaching the target. As a result, the mineralized intersections of the Cortaderas Breccia Zone that were made by the five drillholes completed in 2011 are essentially down-plunge intersections and do not represent near-true thickness intercepts of the mineralized body. We recognized the non-representative nature of the mineralized drill core intervals obtained by the 2011 Cortaderas Breccia drillholes and decided that the estimated resource for this mineralized body should be classified as &#8216;Inferred&#8217;, despite the fact that the drillholes yielding the assay data that defines the resource are relatively closely spaced, in most cases less than 35 metres apart.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012 Drilling Program</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additional drilling was done in 2012 to expand and better define the silver and zinc resources identified in the Cortaderas target area north of the San Miguel open-pit. Between March and November of 2012 we completed 142 boreholes totalling 52,801 metres of diamond core drilling on the property. Using the assay results obtained from this drilling, we amalgamated the Cortaderas Breccia and the Cortaderas Valley zones into the Cortaderas Area and updated the Mineral Resources estimate as of December 31, 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Since acquiring the Pirquitas Mine in October 2004, we have drilled a total of approximately 135,153 metres in 556 exploration drillholes (see Table 4). A summary of the drilling contractors we have used is presented in Table 5.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 31 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="8" valign="top" width="100%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: medium none; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table4">Table 4</a> Summary of Silver Standard Drilling on the Pirquitas Property</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Program</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Type</font></div>
</td>
<td valign="bottom" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Areas<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Objectives</font></div>
</td>
<td colspan="2" valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No. of Drillholes</font></div>
</td>
<td colspan="2" valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Metres Drilled</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May-Sep. 2005</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Oploca (4), Llallagua (6) </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Colquechaca (4)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,299.65</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td rowspan="2" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May-Dec. 2007</font></div>
</td>
<td rowspan="2" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Miguel (24), Cortaderas (6)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition/ Exploration</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7,353.35</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Open Pit</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Miguel (4), Potosi (1)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Metallurgical Samples</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">370.10</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td rowspan="2" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Jul. 2007-Dec. 2008</font></div>
</td>
<td rowspan="2" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Miguel (115), Potosi (52), </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Oploca (32)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition/ Exploration</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">199</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34,181.00</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cortaderas (12), Pircas (4), </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">M&#233;danos (10)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Condemnation</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,931.00</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Jul. 2010-Mar. 2011</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Miguel (38), Oploca (17), Veta Blanca (2), Cortaderas (4)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition/ Exploration</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">61</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12,665.40</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Apr.-Sep. 2011</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">San Miguel (69), Cortaderas (5), </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other Targets (5)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition/ Exploration</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">79</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17,549.95</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mar.-Nov. 2012</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cortaderas (130), Oploca (4),&#160;&#160;&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Portal Gravity (8)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Resource Definition/ Exploration</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">142</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">52,801.30</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">556</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">135,152.75</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note:</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td align="right" style="WIDTH: 18pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td align="left">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Number of drillholes completed at each target area shown in parentheses.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5" valign="top" width="75%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table5">Table 5</a> Drilling Contractors used during Silver Standard&#8217;s Pirquitas Drilling Programs</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Series</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Types</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Year</font></div>
</td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contractor</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Equipment</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH 07 1-DDH 084</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond core</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2005</font></div>
</td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Patagonia Drill S.A.</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">LY-44</font></div>
</td>
</tr><tr bgcolor="white">
<td rowspan="2" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">AR 170-AR 394</font></div>
</td>
<td rowspan="2" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC drilling</font></div>
</td>
<td rowspan="2" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2007-2008</font></div>
</td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Boart Longyear</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Drilltech D40 KX</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Major Perforaciones S.A.</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Schramm</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH 085-DDH 118</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond core</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2007-2008</font></div>
</td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Major Perforaciones S.A.</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ED-48</font></div>
</td>
</tr><tr bgcolor="white">
<td rowspan="3" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH 119-DDH 224</font></div>
</td>
<td rowspan="3" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond core</font></div>
</td>
<td rowspan="3" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010-2012</font></div>
</td>
<td rowspan="2" valign="middle" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Eco Minera S.A.</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">UDR-650</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">UDR-200</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Falcon Drilling (Barbados)</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">LY-38</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td rowspan="2" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH 225-DDH 367</font></div>
</td>
<td rowspan="2" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond core</font></div>
</td>
<td rowspan="2" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td rowspan="2" valign="middle" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Eco Minera S.A.</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Sandvik 710</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">UDR-650</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sampling and Analysis</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sunshine Argentina</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">RC Drillhole Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">RC drillhole cuttings were collected and split into 30 kg to 40 kg samples at the drill rig. A three-tier Jones-style splitter was used to split these samples in half. One half was logged in detail (for lithology, alteration, mineralogy, and mineralization) and stored on site at Pirquitas, while&#160;&#160;the other half was further split and reduced&#160;&#160;into a 3 kg to 5 </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 32 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">kg representative sample that was sent to the&#160;&#160;analytical laboratory for sample preparation and geochemical analysis. Sample splits from approximately 5% of the locally-stored samples were collected and submitted to the analytical laboratory as field duplicate control samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond Drillhole Core Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Drill cores from diamond boreholes (HQ and NQ core size) were transported from the drill site to the on-site geology laboratory where geotechnical core logging (principally the measurement of core recovery and RQD) was undertaken. Drill cores were then marked for sampling by a geologist and cut in half using a diamond table-saw. Half-cores were geologically logged in detail for lithology, hydrothermal alteration, mineralogy, mineralization, and structure, and then stored on site. The other drillhole half-cores yielded analytical samples with core lengths of individual samples ranging from as little as 15 cm up to a maximum of about 200 cm.&#160;&#160;These core samples were sent to the relevant analytical laboratory for sample preparation and analysis. Approximately 5% of the samples collected were split in half (i.e., quarter-core samples) and sent to the analytical laboratory as field duplicate control samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Underground Channel Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Underground channel samples were collected along continuous one-metre intervals, perpendicular to the strike of the sheeted vein systems. Samples of approximately 2 kg per linear metre in weight were chiselled from channels that generally had dimensions of 5 cm wide, by 2 cm deep, by 1 metre long. Pneumatic and hand hammering were used to chisel the channels. A total of 2,788 underground channel samples were collected over a total distance of 1,600 metres from mineralized veins and sheeted vein systems in the main ore zone of the San Miguel zone, as well as from the Oploca, Potos&#237;, Blanca, San Pedro, and Llallagua vein systems.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Quality Control Procedures</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Samples were first sent to American Assay Laboratories (&#8220;AAL&#8221;), and then to the SGS Chile laboratory part way through Sunshine Argentina&#8217;s drilling program. Sample chain of custody comprised possession of the samples by either AAL or SGS Chile at Pirquitas. The samples were then transported to the respective laboratory for sample preparation and analysis.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All of the analytical laboratories used by Sunshine Argentina were (at the time) and currently are internationally recognized. We do not, however, have a record of the international certifications held by these various analytical laboratories that were used by Sunshine Argentina to obtain the Pirquitas assay data.&#160;&#160;TWC noted that Sunshine Argentina established a Quality Assurance\Quality Control (&#8220;QAQC&#8221;) program for monitoring and validating analytical results reported by the Pirquitas exploration program. Standard, blank, and duplicate field control samples were generated and submitted along with regular field samples to the relevant analytical laboratories to measure accuracy, precision, bias, and potential cross-contamination in the sample preparation and analysis process. The final control sample dataset was reviewed in detail by TWC, which noted that overall, silver analyses of standard and blank control samples were within acceptable limits (i.e., accurate, unbiased, and uncontaminated). Field duplicate control samples of silver were considered acceptable (i.e., reporting at an acceptable degree of precision given the inherent variability or nugget effect present in the Pirquitas mineralization).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Tin analyses of standard control samples for Sunshine Argentina&#8217;s drilling were initially biased low, resulting in the re-assaying of 3,252 samples. No significant biases were noted in the tin assay data for the Phase II drilling. Limited cross-contamination in tin assay data was rectified through a program of sample batch re-assaying. Tin data displayed a relatively high degree of inherent variability.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 33 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2005 to 2008 Sampling and Analysis</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">RC Drillhole Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Rock cuttings from RC drillholes were collected at regular intervals during the drilling of the holes, typically every metre or every two metres, depending on the drillhole.&#160;&#160;The material forming the individual samples was split into smaller representative samples at the drill rig, with the weight of these representative samples averaging about 40 kg. The RC sampling protocol used depended upon whether the sample was dry or wet:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dry samples were further split and reduced to approximately one-eighth (~12.5%) of the original sample size using a three-tier Jones-style splitter. The remaining material (seven-eighths) was bagged and stored on-site at Pirquitas. The smaller sample fraction was split again into two 3 to 5 kg (effectively one-sixteenth) samples using a one-tier Jones-style splitter. One of these samples was submitted to the analytical laboratory for sample preparation and analysis, with the other stored on site. Field duplicate control samples were selected from this second batch of samples and submitted when required.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Wet samples of manageable size were obtained using a cyclone wet splitter at the drill rig. The original sample was initially split in half using the wet splitter, with one-half further split down to a sample consisting of one-eighth of the total sample weight using a three-tier Jones-style splitter. This sample was then split in half to obtain two smaller samples each one-sixteenth the weight of the total sample. One of these samples was submitted to the analytical laboratory for sample preparation and analysis, with the other stored on site. Field duplicate control samples were selected from this second batch of small samples and submitted when required. All of the remaining seven-eighths of a given sample are stored on site.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond Drillhole Core Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond drillhole core was transported from the drill site to the core shack by pickup truck. The core was photographed, geotechnically logged (recovery and RQD) and also geologically logged (lithology, alteration, mineralogy, mineralization, and structure).&#160;&#160;Sample intervals were marked on the drill cores and core boxes by a geologist.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Drill cores were generally sampled on 1-metre intervals, starting from the top of the drillhole, with some sample intervals chosen to take into account lithological contacts. Drill cores from underground drillholes were sampled on 0.3 metre to 2.0 metre intervals, again with lithological contacts being accounted for. Drill core samples were generated by sawing the cores in half using a diamond table-saw. For each sample, one half of the drill core was stored in core boxes at site, with the other half of the core being submitted to the analytical laboratory for sample preparation and analysis. Field duplicate control samples were generated from selected quarter-cores that were sawn from half-core samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Drill core samples were placed in labelled plastic bags and closed with a security seal. The individual sample bags were then placed in larger labeled rice bags with each rice bag containing between five and ten individual samples depending on the sample weight. The samples were then sent by company truck to the MPI office in Jujuy, Argentina.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Quality Control Procedures</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ALS is an international analytical laboratory with most of its analytical facilities being registered or pending registration to ISO 9001:2008 certification. ALS is independent from Silver Standard. Our QC program for the 2005 to 2008 drilling programs utilized standard reference samples, unmineralized &#8220;blanks&#8221;, field duplicate samples as well as third-party analytical laboratory check assays.&#160;&#160;Standard, blank, and field duplicate control samples were inserted into the sample stream on a one in twenty basis, for both RC and diamond drillholes. Approximately 5% of the total number of submitted samples were submitted to the third-party analytical laboratory for check assaying. QC samples included six different reference standards (covering a representative range of silver, tin, and zinc contents), blanks generated from barren sandstone, and field duplicates. We have reviewed the QC results from the 2005 to 2008 drilling programs. The control values (mean, standard deviations) of the standard reference samples were not initially correctly calibrated, resulting in extensive failures of the field standard control samples relative to no </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 34 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">failures in the analytical laboratory standard control samples. Recalibration of these values indicated that the key assay data from the 2005 to 2008 drilling programs are unbiased and accurate, and suitable for use in Mineral Resources estimation. Field blank control samples indicated that sample cross-contamination was not an issue during the analytical work. Field duplicate control samples, while indicating a degree of variability in the assay data, were reported at acceptable levels of precision for silver, tin, and zinc, given the &#8220;nugget effect&#8221; (inherent variability) and the variability associated with quarter-core versus half-core samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2010 to 2012 Drilling Programs</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sampling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All drillhole samples generated from the 2010 to 2012 drilling programs were diamond drillhole core samples. Drill cores were transported from the drill site to the core shack by pickup truck. The cores were photographed before being geotechnically logged (recovery and RQD) and then geologically logged (lithology, alteration, mineralogy, mineralization, and structure), with relevant logging codes recorded in accordance with standard MPI logging protocols.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Drillhole core sampling was conducted subsequent to geological logging. Sample intervals were marked on the cores and core boxes by a geologist, with sample intervals selected so as to take into account lithological contacts. Sample lengths were generally up to 2 metres in waste rock and 1 metre or less in mineralized rock. A minimum sample length of 0.1 metres was imposed on samples from highly mineralized structures such as veins, stockworks and hydrothermal breccias. Core samples of 10 cm lengths were collected at intervals of 10 metres to 20 metres down each of the drillholes for the purpose of point-load testing by the Pirquitas Mine Geotechnical Department. Drill core samples for geochemical analysis were generated by sawing the cores in half using a diamond table-saw. Half of the cores are stored on site, with the other halves being submitted to the analytical laboratory for sample preparation and analysis. Field duplicate control samples were generated from quarter-core sawn splits of selected samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Core samples were placed in labelled plastic bags and closed with a security seal. The plastic sample bags were then placed in larger labeled rice bags with each rice bag containing between five and ten samples depending on the sample weight. The samples were then sent by company truck to the MPI office in Jujuy, Argentina.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Quality Control Procedures</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We used a similar QC protocol for the 2010 to 2012 drilling programs as we used in the 2005 to 2008 drilling programs. Standard, blank, and field duplicate control samples were inserted into the sample stream on a one in twenty basis. QC sample data were monitored on a real-time basis (upon receipt of data from the analytical laboratory) to ensure that sample batches with control sample data outside of acceptable limits were re-submitted for analysis in a timely manner. Approximately 5% of the total number of submitted samples will be submitted to a third party analytical laboratory for check assay. QC samples included three reference standard samples, unmineralized &#8220;blank&#8221; samples and field duplicate samples. The three reference standards were created for the Pirquitas deposit by CDN Resources Laboratories Ltd., and certified by Smee &amp; Associates Consulting Ltd. following round robin analysis at 5 independent analytical laboratories. Based on the results of the standard control samples, the assay data generated as part of the recent 2010 to 2012 drilling programs are unbiased and accurate, and suitable for use in Mineral Resources estimation. Field blank control samples indicated that sample cross-contamination was not an issue during the analytical work. Field duplicate control samples, whilst indicating a degree of variability in the assay data, were reported at acceptable levels of precision for silver, tin, and zinc, given the nugget effect (inherent variability) and the variability in sample volume associated with quarter-core versus halfcore samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 35 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sample Security</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sunshine Argentina Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No specific mention was made of sample security during Sunshine Argentina&#8217;s exploration program at Pirquitas.&#160;&#160;There are no indications of deficiencies in the sampling method or sample recovery that would impact the reliability of the results.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2005 to 2008 and 2010 to 2012 Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Drillhole core and samples were in our custody from collection, through labeling and bagging, to initial transportation from the Pirquitas Mine to the Jujuy office. Thereafter they were in the custody of independent transportation companies which transported them to ALS in Mendoza. Sample bags were sealed at the mine and none of the seals were reported tampered by the receiving analytical laboratory. We are not aware of any deliberate attempts to compromise samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Data Verification</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following data verification steps were taken in respect of the sampling and assaying done at the Pirquitas Mine:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Visits to inspect geology and mineralization in the open pit (San Miguel and Potosi zones) and underground in the Oploca Vein zone.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Detailed review of selected drillhole core from the Mining and the Cortaderas Areas, to assess the nature of the mineralization, and the effectiveness of the selected drilling orientation in the delineation thereof.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Ongoing input into exploration drilling, and real-time involvement in drillhole location, downhole survey validation, and assay data validation.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Drillhole collar locations were confirmed with the mine site geologists. The drillhole collar locations were validated by an independent surveyor.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The locations of pre-existing underground mine workings relative to underground channel samples were checked.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Downhole survey data were reviewed for all drillholes to assess drillhole traces.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">QC information for all exploration drilling programs conducted on the Pirquitas Property was analysed.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Approximately 10% of the pre-2010 drilling assay data set was checked and compared to the original assay certificates, to generate additional confidence in this data.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Review of grade control drilling data (including spatial analysis of silver, zinc, and tin data) in the upper parts of the deposit in the Mining Area to assess continuity models for the relevant grade variables in the different zones.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Detailed checks of assay data from the 2010 to 2012 drilling program in conjunction with our database manager, with iterative correction for any anomalies (generally typographic errors, including mislabelled samples and mislabelled sample intervals).</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Review of real-time QC data monitoring by our database manager, especially timing and effectiveness of remedial action taken with respect to failed batches.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 36 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Comparison analyses were conducted between data derived from different drilling (and underground channel sampling) generations and types (e.g., RC, diamond core drilling) to validate their use in a single database.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Data was validated at each manipulation stage throughout the database compilation until the completion of Mineral Resources grade tonnage estimates.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All assay data are provided directly to us by the relevant analytical laboratory, and directly imported into the DataShed database management system. We checked a randomly selected proportion (10%) of the 2010-2012 assay data in the DataShed Pirquitas assay database against the assay certificates provided by ALS and no errors were noted.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mineral Resources and Mineral Reserves Estimates</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes as at December 31, 2012 our Pirquitas Mineral Resources estimate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="11" valign="middle" width="99%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table6">Table 6</a> Pirquitas Mineral Resources Estimate</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="bottom" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Tonnage</font> </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Million tonnes)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver Grade</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g/t)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Zinc Grade</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(%)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Contained Silver</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Oz. in millions)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Contained Zinc</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(lb. in millions)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.1</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150.3</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.49</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">53.6</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">119.8</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19.5</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">141.0</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.68</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">88.4</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">721.8</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stockpiles (Indicated)<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.4</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">137.3</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.74</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22.6</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.8</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">160.5</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.38</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.2</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">326.8</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources are reported below the as-mined surface as at December 31, 2012.&#160;&#160;Mineral Resources for the Mining Area (includes San Miguel, Potosi, and Oploca zones) were estimated by Dr. Warwick S. Board, P.Geo., as a Qualified Person in accordance with the standards of NI 43-101 in the 2011 Pirquitas Technical Report. For a complete description of the key assumptions, parameters and methods used to estimate the Mineral Resources of the Mining Area, please refer to the 2011 Pirquitas Technical Report. Mineral Resources for the Mining Area are reported above a cut-off grade of 50 grams per tonne silver and are reported inclusive of Mineral Reserves. The Mineral Resources estimate of the Cortaderas Area, with an effective date of December 31, 2012, was completed by Jeremy D. Vincent, P.Geo., as a Qualified Person in accordance with the standards of NI 43-101.&#160;&#160;Mineral Resources for the Cortaderas Area are reported above a cut-off grade of 50 grams per tonne silver and are reported inclusive of Mineral Reserves. All Measured Mineral Resources are situated in the Mining Area. Indicated Resources in the Mining Area comprise 15.9 million tonnes, totalling 72.8 million ounces of silver.&#160;&#160;Indicated Resources in the Cortaderas Area comprise 3.6 million tonnes, totalling 15.6 million ounces of silver. Stockpile material comprises 1.4 million tonnes of mined material, totalling 6.1 million ounces of silver.&#160;&#160;Inferred Resources in the Mining Area comprise 0.03 million tonnes, totalling 0.1 million ounces of silver.&#160;&#160;Inferred Resources in the Cortaderas Area comprise 2.7 million tonnes, totalling 14.1 million ounces of silver.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table may not sum due to rounding.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes as at December 31, 2012 our Pirquitas Mineral Reserves estimate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="11" valign="middle" width="100%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table7">Table 7</a> Pirquitas Mineral Reserves Estimate</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="bottom" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Ore Tonnage</font> </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Million tonnes)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver Grade</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g/t)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Zinc Grade</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(%)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Contained Silver</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Oz. in millions)</font></div>
</td>
<td colspan="2" valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Contained Zinc</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(lb. in millions)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Proven<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.3</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">180.8</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.51</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">48.1</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92.3</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Probable<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.8</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">169.1</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.03</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25.9</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">107.9</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stockpiles (Probable)<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.4</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">137.3</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.74</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22.6</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Project Reserves<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">14.5</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">172.7</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.70</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">80.1</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">222.8</font></div>
</td>
<td align="left" valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr></table>
</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Reserves estimate is reported below the as-mined surface as at December 31, 2012 and was completed by Andrew W. Sharp FAusIMM and Trevor J. Yeomans, P.Eng., ACSM, as Qualified Persons in accordance with the standards of NI 43-101. Mineral Reserves</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 37 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">are presented at a cut-off of US$35.52 per tonne NSR, using US$25.00 per troy ounce silver and US$2,403.00 per tonne zinc. These values remain unchanged to the values that are reported in the 2011 Pirquitas Technical Report, which is filed on SEDAR and is available on our website. Mineral Reserve estimates have been adjusted for mine depletion since the 2011 Pirquitas Technical Report was prepared. For a complete description of the key assumptions, parameters and methods used to estimate the Mineral Reserves, please refer to the 2011 Pirquitas Technical Report.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table may not sum due to rounding.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining Operations</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining Method</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine uses a standard open pit mining method, and has a current mining rate of approximately 50,000 tonnes per day of ore and waste combined. The mine undertakes conventional drilling and blasting activities with a pre-split to ensure stable wall rock conditions. RC grade control drilling is used in the pit to define the structurally controlled vein and breccia hosted ore zones.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Metallurgical Process</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine processing plant consists of primary, secondary and tertiary crushing operations which deliver ore to a stockpile. The maximum crushing circuit throughput is currently around 6,850 tonnes per day although long term plans allowing for good maintenance protocols call for rates around 5,500 tonnes per day. Ore is transferred from the stockpile to a pre-concentration system that consists of jigs to upgrade the normal mine grade to a higher grade product.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Wet milling is performed on the feed from the jig plant and can be augmented by a by-pass feed system in the event of jig downtime or milling capacity in excess of jig capacity. The maximum wet milling throughput is currently 5,400 tonnes per day although long term plans allowing for good maintenance protocols call for rates under 5,000 tonnes per day. Mill discharge is pumped through a cyclone system and oversize is fed back into the mill for additional grinding. Fines are fed into a conditioning and reagent addition tank and then flow into the silver flotation circuit.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The tailings from the silver flotation process are routed to a separate conditioning tank and from there flows to the zinc flotation circuit. Tails from the zinc flotation circuit can be directed to the tin circuit or to the tailings thickener, as appropriate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Tailings are thickened and stored at a permitted facility on-site.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Production Forecast</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our estimated production forecasts for 2013 are as follows:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></font></font></font></font></div>
</div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Produce and sell 8.2 to 8.5 million ounces of silver.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></font></font></font></font></div>
</div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Produce over 20 million pounds of zinc.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mine Life and Annual Production</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">From the date of the 2011 Pirquitas Technical Report, no changes to reserves cut-off grades or the pit design have since occurred.&#160;&#160;Minor changes to the life of mine plan have occurred with respect to scheduling.&#160;&#160;The current mine plan has the mine ending in early 2019 (6.25 years mine life &#8211; formerly 5.5 years).&#160;&#160;During the mine life a long term low grade stockpile will be developed and this will be used during the mine life, but will constitute the majority of the plant feed source in 2019 and all of the feed source in 2020.&#160;&#160;Annual production is expected to remain in a range of 8 to 10 million ounces of silver from 2013 to 2018 and plant production in 2019 and 2020 is expected to amount to around 4 million ounces of silver per year.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 38 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Capital Expenditures and Reclamation Costs</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The total remaining life of mine sustaining capital is currently estimated to be $130.0 million.&#160;&#160;This capital will be expended during the remaining eight year project life.&#160;&#160;In addition approximately $50.2 million is anticipated to be incurred for reclamation and closure.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Markets</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine produces a silver concentrate and a zinc concentrate. These concentrates are sold to smelters and metals traders globally. The Pirquitas Mine receives payment based upon an agreed percentage of metal in the concentrate that is payable by the smelter or trader, less deductions for smelting, refining and penalty elements where applicable.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At this time, we have been successful in placing all annual production tonnage of Pirquitas Mine concentrate with buyers. However, future sales and contract terms will depend on market conditions at the time of negotiation and sale.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Environmental Conditions</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Consulting engineering firm Knight Pi&#233;sold LLC was commissioned in April 1998 to complete an environmental impact report (&#8220;EIR&#8221;) for Sunshine Argentina which it presented to the company in December 1998. In this EIR, potential environmental problems that existed at the time as well as foreseeable potential effects that development of the project could have on the surrounding environment were described and evaluated. The scope of the EIR was commensurate with the norms for environmental protection associated with Law 24.585 of the Argentine Mining Code (November, 1995) and with guidelines established by international lending institutions such as the World Bank. The following discussion is either paraphrased or taken directly from Knight Pi&#233;sold&#8217;s 1998 report.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine area is known to be a suitable habitat for 26 animal species and one plant species that are considered to be protected species in Argentina. Of these 26 species, the plant yareta, two mammals (vicu&#241;a and mountain vizcacha) and seven birds (lesser rhea, Puna tinamou, Andean flamingo, Puna flamingo, Andean condor, Puna ground tyrant, and chestnut canastero) are known to inhabit the area of the mine. None of the &#8216;protected&#8217; species observed on the property are listed as &#8216;threatened&#8217; or &#8216;endangered&#8217; in Argentina.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Remnants of historic mining activities at Pirquitas included derelict buildings, mine structures as well as tin-silver jig tailings and tin placer tailings along the R&#237;o Pircas. Flotation tailings had been discharged into the R&#237;o Pircas and scattered piles of gold placer tailings were left about 150 metres above the current level of the R&#237;o Pircas on paleo- river terraces to the south of the central mine camp. These areas comprise some 107 hectares of surface disturbance that existed prior to Sunshine Argentina&#8217;s acquisition of the property, some of which are now associated with acid rock drainage into the Pircas River watershed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Surface and ground waters are known to be acidic and metalliferous down gradient from the historic mines above the R&#237;o Pircas canyon at Tres Placas which is located approximately 1.5 kilometres downstream from the Pirquitas Mine open pit. As well, acidic and metalliferous ground water is present in the abandoned underground workings and in some natural springs in the area, suggesting that natural oxidation of sulphide mineralization which is widespread in the rocks found on the property is also contributing to background surface water contamination.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">When it acquired the Pirquitas property, Sunshine Argentina made note of the fact that documents in the bankruptcy auction files did not mention environmental liabilities against the property, but did mention that Sunshine Argentina was &#8220;grandfathered&#8221; against environmental liabilities related to historic mining activities. Furthermore, the only condition the Ministry of Mines and Energy applied to its approval of Sunshine Argentina&#8217;s EIR, apart from the mandatory two-year update to the report, was the requirement that water quality monitoring be carried out.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2008, a second EIR was completed by Knight Pi&#233;sold following start-up of mining activities and initiation of plant construction. While there were no observations or restrictions placed on us at that time, this study began a focus on the water management plan and on conceptual plans for mine waste stockpiles. A conceptual water </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 39 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">treatment plant, for neutralization of acid waters was anticipated with a treatment capacity estimated to be as much as 150 litres per second.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The most recent EIA update for the Pirquitas mining operation was undertaken by BGC Engineering and submitted to the appropriate government agency in November 2010. This report expanded the water management focus but did not result in a design of the water treatment plant. For further details regarding EIAs in the Argentine environmental regime, see &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Argentina &#8211; Environmental</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">MPI has initiated engineering studies for the design of water management structures and for mine closure design to be included in the next EIA update to be filed in 2013. An environmental update report was submitted to government officials in December, 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Argentina currently has no specific mine closure legislation or requirements. MPI is currently anticipating that the eventual requirements will be similar to those used in Peru and that closure options will have to be proposed that may include passive or active neutralization features to return water to baseline conditions (acidic at the time of baseline studies) and have some monitoring requirements.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Taxes</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The 1999 Feasibility Study to operate an open-pit mine at Pirquitas was submitted by Sunshine Argentina (now MPI) in early 1999 to the Argentine Ministry of Mines and Energy.&#160;&#160;With approval of the study in July of that year, Sunshine was granted all permits necessary for construction, development and operation of the Pirquitas open-pit mine. At the time of writing this Annual Information Form, all permits necessary for the existing defined Mineral Reserves of the Pirquitas Mine are in place.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine also holds Permit No. 201/002, giving it the rights to withdraw a total of 32 litres of water per second from the Pirquitas, Collahuaima, and Porvenir rivers. These water rights were granted by the Direcci&#243;n Provincial de Recursos Hidricos de Jujuy and were recorded by the Ministerio de Obras y Servicios Publicos on July 23, 1998.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On approval of the 1999 Feasibility Study by the Ministry of Mines and Energy, Sunshine Argentina was issued a Memorandum of Understanding in 1999, effective April 28, 1998, which states that the company is entitled to the benefits of Fiscal Stability, under the Mining Investment Law, whereby the annual income tax rate for the project would be set at approximately 33% of net income for the mine.&#160;&#160;As a result of MPI being a Delaware-incorporated company that operates as a branch in Argentina, it is also subject to US income tax, which is currently at a rate of 35%. The taxes paid in Argentina can be used as a foreign tax credit in the US to offset US taxes payable.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We entered into the Fiscal Agreement with the Federal Government of Argentina in 1998 for production from the Pirquitas Mine. In December 2007, the DNA levied an export duty of approximately 10% from concentrates for projects with fiscal stability agreements pre-dating 2002. The Federal Government asserts that the Pirquitas Mine is subject to this export duty despite contrary rights detailed under the Fiscal Agreement. We have challenged the legality of the export duty applied to silver concentrate and the matter is currently under review by the Federal Court (Jujuy) in Argentina. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Argentina &#8211; Regulatory &#8211; Export Controls and Duties</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As the Pirquitas Mine is in operation and subject to income tax, the value added tax (&#8220;VAT&#8221;) that was paid on construction expenditures and is payable on operational expenditures is recoverable from the national taxation office. The process to recover the VAT paid to the federal government is continuous and MPI anticipates recovering the full amount.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On October 26, 2011, the Argentina government announced a decree that requires all funds from export sales to be repatriated to Argentina and converted into Argentine pesos within the Sole Foreign Exchange Market in Argentina. Each transfer is subject to a 0.6% transfer tax. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Argentina &#8211; Regulatory &#8211; Export Controls and Duties</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">MPI is subject to withholding tax in Argentina at a rate of 35% on the interest paid out of the country.&#160;&#160;The withholding tax is available as a foreign tax credit to offset US income taxes payable.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 40 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine is subject to provincial royalties at a 2.5% rate on a net smelter royalty basis.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration and Development</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">To follow up on positive drilling results obtained in 2011, additional drilling was done in 2012 to expand and better define the silver and zinc resources identified in the Cortaderas target area located about 500 metres north of the San Miguel open-pit. Between March and November of 2012 we completed 142 boreholes totalling 52,801 metres of diamond core drilling on the property. Using the assay results obtained from this drilling we prepared an updated estimate of the Mineral Resources found in the Cortaderas target area, with an effective date of December 31, 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2013, we are planning to diamond drill approximately 7,000 metres on the property distributed between several boreholes.&#160;&#160;The drillholes will be testing half a dozen geophysical anomalies which were defined east and north of the San Miguel open-pit by a grid-controlled gravimetrics survey that was completed in the final quarter of 2012.&#160;&#160;These gravity anomalies are interpreted to be reflecting zones of relatively high rock density, which could be caused by concentrations of iron- and zinc-sulphide mineralization similar to that forming the Cortaderas minerals resources located north of the open-pit.&#160;&#160;In addition to the drilling program, which has been designed to explore for new resources, studies will be done in the first half of 2013 to determine how to best mine and process the Cortaderas resources.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="pitarrillaproject41">Pitarrilla Project</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following disclosure relating to the Pitarrilla Project is based, in part, on information derived from the technical report entitled &#8220;NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico&#8221; dated December 14, 2012 (the &#8220;2012 Pitarrilla Technical Report&#8221;) prepared by Kelly G. Boychuk P.Eng., Dawn H. Garcia P.G., C.P.G., Andrew W. Sharp, B.Eng., FausIMM, Jeremy D. Vincent, B.Sc. (Hons) P.Geo. and Trevor J. Yeomans, B.Sc. (Hons), P.Eng., ACSM, all of whom are Qualified Persons as defined in NI 43-101. The 2012 Pitarrilla Technical Report is available for review under our profile on SEDAR at www.sedar.com. The following disclosure has been updated to include information about the Pitarrilla Project subsequent to the date of the 2012 Pitarrilla Technical Report. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Interests of Experts</font>&#8221; for details of the Qualified Persons who prepared the 2012 Pitarrilla Technical Report and approved the following disclosure.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Project Description and Location</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project is located within the Municipality of Inde, on the eastern flank of the Sierra Madre Occidental (&#8220;SMO&#8221;) mountain range in the central part of Durango State, Mexico. The Pitarrilla Project consists of 12 contiguous mineral concessions covering a total of approximately 136,191 hectares. Our 100% interest in the Pitarrilla Project is held through our wholly-owned Mexican subsidiary, Silver Standard Durango, S.A. de C.V. The majority of the surface rights required for mining, milling and all surface facilities at the project site are controlled by us and we continue to be actively engaged in obtaining the remaining surface rights with five tracts of land still required as of the date of this Annual Information Form.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 41 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="aif_pg42.jpg" alt="GRAPHIC"></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Map of Mexico Showing the Location of the Pitarrilla Project</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tenure and Obligations</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In Mexico, the main obligations that arise from a mining concession, and that must be kept current to avoid its cancellation are:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">carrying out the exploitation of those minerals expressly subject to applicability of the mining law;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">performing and filing of evidence of assessment work; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">paying mining taxes (technically called &#8220;mining duties&#8221;).</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We must also comply with environmental laws as any non-compliance may result in the shut-down of mining operations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The regulations establish minimum amounts that must be invested in the concessions and minimum expenditures may be satisfied through sales of minerals from the mine for an equivalent amount. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Mexico &#8211; Regulatory &#8211; Land Tenure</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The complete set of mining concessions for the Pitarrilla Project, along with the legal status of each, including expiration dates, is shown in Table 8 below.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 42 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="9" valign="middle" width="100%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table8">Table 8</a> Legal Status of Pitarrilla Mineral Concessions</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td rowspan="2" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No.</font></div>
</td>
<td rowspan="2" valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Claim name</font></div>
</td>
<td rowspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">File No.</font></div>
</td>
<td rowspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Title</font></div>
</td>
<td rowspan="2" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Area</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(hectares)</font></div>
</td>
<td rowspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Agency</font></div>
</td>
<td rowspan="2" valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Municipality &amp; State</font></div>
</td>
<td colspan="2" valign="bottom" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Validity</font></div>
</td>
</tr><tr>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">From</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">To</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">America</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">321.1/1-111</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">183518</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">198&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26/10/1988</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25/10/2038</font></div>
</td>
</tr><tr bgcolor="white">
<td colspan="9" valign="top" width="100%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla Group</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">La Pitarrilla</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25/30749</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">218323</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,395&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">05/11/2002</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">04/11/2052</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">La Pitarrilla 2</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31124</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">220231</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,771&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24/06/2003</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23/06/2053</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">La Pitarrilla 3</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31254</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">221576</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,200&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inde, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">02/03/2004</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">01/03/2054</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">La Pitarrilla 4</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31845</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">226715</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17,960&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inde, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21/02/2006</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20/02/2056</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pe&#241;a</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27442</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">216381</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">73&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14/05/2002</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13/05/2052</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pe&#241;a 1</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27443</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">216382</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14/05/2002</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13/05/2052</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla 5</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25/32978</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">231034</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">98,796&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro &amp; Inde, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30/11/2007</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">29/11/2057</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla 6</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25/33079</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">230335</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">81&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro &amp; Inde, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16/08/2007</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15/08/2057</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla 7</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25/33421</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">234722</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,242&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro &amp; Inde, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">06/08/2009</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">05/08/2059</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td align="left" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla 7 </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fraccion A</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25/33421</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">234723</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,298&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro &amp; Inde, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">06/08/2009</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">05/08/2059</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
<td align="left" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pitarrilla 7 </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fraccion B</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25/33421</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">234724</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">115&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Durango</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Oro &amp; Inde, Durango</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">06/08/2009</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">05/08/2059</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="34%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">136,191&#160;&#160; </font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Encumbrances</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project is not encumbered with a royalty payment to a third party and has no outstanding environmental liabilities from prior mining activities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Permitting</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In accordance with Mexican law, certain permits must be acquired in order to commence mining and construction activities on the Pitarrilla property. For a summary of the key permits and the stages at which they are required,&#160;&#160;see &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Mexico &#8211; Environmental and Permitting &#8211; Permits, Licenses and Authorizations</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The project has acquired permits for mineral exploration and construction of initial project works, including water concessions, ramp, hazardous waste generator and the archaeological release. The permitted activities and the corresponding permit numbers are listed in Table 9 below.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 43 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5" valign="middle" width="99%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table9">Table 9</a> Permitted Activities and Corresponding Permit Numbers</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No.</font></div>
</td>
<td valign="bottom" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Activity</font></div>
</td>
<td valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Change of Soil Use</font></div>
</td>
<td valign="bottom" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EIS/Permit Number</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Disturbance </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(hectares)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration drilling, roads and drill pads, Monarch Resources de M&#233;xico, S.A. de C.V., 1996.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Notification of intent in accordance with NOM-120-ECOL-1997</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.60</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">There are no records of activity during the period of Explominerales, S. A. de C. V.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not available</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not Available</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not available</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration drilling, roads and drill pads, Silver Standard M&#233;xico, S.A. de C.V. 2003 a 2005. (Phase 1)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Notification of intent in accordance with NOM-120-ECOL-1997</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.638</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Opening of roads for mineral exploration and geotechnical studies. Silver Standard M&#233;xico, S.A. de C.V. from 2006 to 2010. (Phase 2)</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.2/002440</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/002059</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.3252</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Modification of Silver Standard Mexico, S.A. de C.V. Phase 2 facilities: camps, office, workshop/warehouse, water tank, tailings pad, breaking of the tunnel ramp for exploration, reservoir for organic soil, access roads and drill pads.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/002400</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">In 2006, Silver Standard Durango, S.A. de C.V. obtained from the Comisi&#243;n Nacional del Agua the permit to extract water from a well 50 metres deep located at the camp for an annual extraction volume of 36,000 cubic metres.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Proof of registration folio: 03665.</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard Durango, S.A. de C.V. Preparation for beneficiation plant, large ramp and waste dump &#8220;B&#8221;, camp, drill pads and access roads.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.2/000728/11</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/00625/11</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; TEXT-INDENT: 0pt; PADDING-LEFT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;95.3572</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard Durango, S.A. de C.V. in October 2011, gave notice to the Comisi&#243;n Nacional del Agua, to create 5 exploration wells for possible mine water sources.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BOO.E.23.1.1/.-1905</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">On December 9, 2011, Silver Standard Durango, S.A. de C.V. was granted a registration number as a generator of hazardous wastes.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">No. SSDMJ1001811</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 2012, Silver Standard Durango, S.A. de C.V. obtained permission to drill 15 exploration holes over existing roads and pads, requiring no change in land use.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/000599/12</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 13, 2012, Comisi&#243;n Nacional del Agua issued a favorable technical opinion on the feasibility of extracting stone materials in four borrow sites.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BOO.E.23.1.1/0405</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 2012 Pitarrilla Phase 4 geotechnical study for tailings dam and plant was authorized.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.2/001244/12</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/000958/12</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.9799</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">April 2012, Silver Standard, obtained permission to drill 24 exploration holes, access roads, and drill pads in the mineralized area, Phase 5.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.2/001243/12</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/001077/12</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.4088</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">April 2012, Silver Standard obtained permission for 4 exploration holes and 12 exploration trenches in the future waste area.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/000990/12</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">April 2012, Silver Standard was authorized to conduct a seismic exploration program in the mineralized area of the Pitarrilla project.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/001098/12</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Agreement with INAH Durango for the archaeological survey, submitted April 15, 2012.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">October 2011</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr></table>

<div>&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 44 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5" valign="middle" width="99%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Table 9 Permitted Activities and Corresponding Permit Numbers</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No.</font></div>
</td>
<td valign="bottom" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Activity</font></div>
</td>
<td valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Change of Soil Use</font></div>
</td>
<td valign="bottom" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EIS/Permit Number</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Disturbance </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(hectares)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard notified the Comisi&#243;n Nacional del Agua of the intent to install 3 wells for possible sources of mine water.</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BOO.E.23.1.1/0639</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not applicable</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">September 2012, Environmental Impact Authorization (including for change of soil use) received for Ancillary Works at Pitarrilla (Particular Modality).</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.2/000332/13</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/002642/12</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">143.85</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="5%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: left; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 2013, Environmental Impact Authorization (including for change of soil use) received for Ancillary Works at&#160;&#160;Pitarrilla, (Regional Modality).</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.2/000332/13</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SG/130.2.1.1/000041/13</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.41</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In January 2013, a partial environmental impact authorization application (21 out of the 24 required chapters) was submitted to SEMARNAT in connection with the planned open pit, crusher, beneficiation plant, waste rock dumps and Tailings Storage Facility (&#8220;TSF&#8221;). SEMARNAT typically has 60 to 120 days to review such applications. The corresponding change of soil use application will be submitted once all required surface land access rights have been obtained.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Accessibility, Climate, Local Resources, Infrastructure and Physiography</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Access</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project is currently accessible through a network of public roadways in the area. Road access is available from two unpaved public roads, with a paved national Highway-45 extending to within 47 kilometres of the project site. The main access to the project site is planned to be along approximately 47 kilometres of public and private dirt roadways, from the junction with paved Highway 45, to the project&#8217;s southeast gate. The primary site access road will utilize the existing roadway serving the nearby local community of San Francisco de As&#237;s, with secondary access via the existing road to Casas Blancas. Improvements would be required for the main road, prior to plant construction, the most significant of which is the addition of a permanent bridge over the Nazas River, approximately 11 kilometres from the plant site.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Climate</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The area of Pitarrilla falls in an area characterized as a steppe (that is, grassland plains without trees, except at water sources). Typically the climate at Pitarrilla is dry; winter days are cool with minimum temperatures dropping slightly below 0&#176;C before warming to daily maximums of about 23&#176;C. From May to the beginning of July, the daytime maximum temperatures rise to a maximum of about 35&#176;C. Daily maximum temperatures decrease before the onset of a wet season that lasts until about mid-September. A mine at Pitarrilla will have a 12 month operating season.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Local Resources and Infrastructure</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Durango, the state capital of Victoria de Durango, is located 160 kilometres southwest of the Pitarrilla Project and has a population of approximately 1 million. Additionally, the city of Torre&#243;n, the capital of Coahuila state and with a population of approximately 1.5 million, is located approximately 160 kilometres to the east. There are large active mines and developed mining infrastructure in the states of Durango and Coahuila. Both state capitals have sufficient populations and support services to adequately provide the Pitarrilla Project with general goods, services and labour.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Water resources in Mexico are controlled by the CNA. The Pitarrilla Project site is located in an arid to semi-arid climate that receives an average annual precipitation of 407 mm. It is expected that the project will require, at its peak, approximately 150 L/s of fresh water. In order to identify an independent reliable water source, local aquifers were located and tested by Ideas en Agua, a Mexican hydrogeological consultant. The Ideas en Agua investigation in 2010 concluded that local aquifers could provide the quantities of water required to operate the Pitarrilla Project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 45 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Physiography</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The physiography in the immediate area of Pitarrilla is rugged, with rocky cliffs and steep walled gullies, and the surficial soil conditions are represented by shallow soils and weathered bedrock. Elevations on the Pitarrilla property range from about 1600 masl in the valley floors to 2140 masl at the top of Cerro La Pitarrilla. The project is located in the high plains (Altiplano) region of Mexico, a large area noted for its high altitude and low winter temperatures. The region is comparable to high desert and can include vegetation such as chaparral, mesquite-grassland, or arid tropical scrub. There are a considerable number of endemic species within the Altiplano.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sufficiency of Surface Rights</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have acquired surface rights to most of the lands required for successful project permitting, construction, and mining operations, including those lands required for the process plant, tailing storage facilities and waste dumps. We are pursuing negotiations to obtain a long-term access agreement to the two remaining, privately-held plots of land required for the project (La Mina y el Consuelo and Las Flores). In addition to these negotiations, we are commencing temporary occupation processes to obtain access to these plots. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Mexico &#8211; Regulatory &#8211;Land Tenure</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As shown in Figure 1 and Table 10 below, a significant portion of the project site is located on ejido land. Tags No. 9 and 11 on the figure below represent five ejido parcels for which we currently have a long-term lease and an option to purchase all such lands when privatization is completed, subject to certain rights of first refusal required by the Mexican Agrarian Law. The lease to such parcels, as well as the holding of the corresponding mining concessions, is sufficient for our mining purposes on such land. We anticipate the privatization of this land to be completed in mid-2013, and, subject to the rights of first refusal, being able to acquire full title over such parcels of land thereafter. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Mexico &#8211; Regulatory &#8211; Ejido Land</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 46 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><a name="figure1">Figure 1</a> below shows the boundaries of the surface rights required for the project site.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="aif_pg47.jpg" alt="GRAPHIC"></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Figure 1 Pitarrilla Property Ownership</font></font></div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 47 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table 10 below shows the corresponding status of our ownership of, or access to, the land required for the Pitarrilla Project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5" valign="middle" width="77%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: medium none; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table10">Table 10</a> Land Ownership and Status</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tag No.</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Location</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Owner</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Status</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tenure</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Piedras Azules</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard Durango</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not Required</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ruben Valles</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ruben Valles</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not Required</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">La Mina y La Consuelo</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Arreola Heirs</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Outstanding</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pena de Guerrero</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard Durango</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Owned by SSD</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Lote No. 2 de la Pitarrilla (El&#160;Chaparral)</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard Durango</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Owned by SSD</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">La Pitarrilla Fracc Lote 2 (Boca&#160;de&#160;Alamos)</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard Durango</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Owned by SSD</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Rinco de Alamos</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Standard Durango</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Owned by SSD</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Las Flores</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Heirs of Enrique Padilla Herera</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Outstanding</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Private</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Various Ejido Casas Blancas Parcels</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Leasing</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Various Ejido Casas Blancas Parcels</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Outstanding</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Parcela 155</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Leasing</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido Casas Blancas</font></div>
</td>
<td valign="middle" width="22%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not Required</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ejido</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">History</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Available records of mineral exploration conducted on the Pitarrilla property and immediately adjacent ground date back to 1996. Any earlier exploration on these lands by mining or exploration companies appears to have gone undocumented.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Recognition of the mineral potential of the Pitarrilla area was first established by F. Hillemeyer and P. Durning of LCI, while conducting regional reconnaissance gold exploration for Monarch Resources de Mexico (&#8220;Monarch&#8221;) in 1996. Based on encouraging prospecting results obtained by LCI, Monarch stake-claimed the Pitarrilla concessions and commenced exploration in the area. Rock-chip and grid-controlled soil sampling programs were completed along with the collection of stream-sediment samples. Monarch&#8217;s soil geochemistry survey identified a gold anomaly to the southeast of Pitarrilla hill, which the company tested with an RC drilling program. Monarch&#8217;s drillholes are not located within the area of the current silver-lead-zinc resource.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Due to the relatively weak assay results for gold that were obtained by its drilling program, Monarch returned the mineral rights for the claims back to LCI. In the following years, until 1999, Hillemeyer and Durning returned to the Pitarrilla property on a number of occasions to prospect the area on behalf of companies potentially interested in acquiring the claims from LCI.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 1999, LCI conducted a comprehensive evaluation of the Pitarrilla property for the Mexican subsidiary of Hecla Mining Company (&#8220;Hecla&#8221;), which involved the excavation, mapping and sampling of shallow trenches mostly located on the northeastern slopes of Pitarrilla hill.&#160;&#160;Notwithstanding the sporadic gold anomalies in trench samples, Hecla was not sufficiently encouraged by the results of the Pitarrilla property evaluation to acquire the mineral rights to the Pitarrilla property from LCI. A few months after Hecla&#8217;s evaluation, LCI decided to allow the exploration licenses for the Pitarrilla claims to expire.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2002, we contracted LCI to acquire mineral properties in Mexico which showed good exploration potential for silver. One of the first areas LCI recommended for claiming was the ground covered by the former Pitarrilla claim group. Between November 2002 and March 2003, a total of 12 concessions covering 136,191 hectares were claimed by Explominerals, S.A. de C.V. (&#8220;Explominerals&#8221;) on our behalf.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 48 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Geology and Mineralization</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Regional and Local Geology</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project is located on the eastern flank of the SMO mountain range. This mountain range is the erosional remnant of one of the Earth&#8217;s most voluminous accumulations of intermediate to felsic volcanic rocks, which formed a calc-alkaline magmatic arc that was built during Eocene to early Miocene time, roughly 52 to 25 million years ago, in response to subduction of the Farall&#243;n tectonic plate beneath North America, this mountain building event is known as the Laramide Orogeny. A large number of medium to high-level hydrothermal systems variably enriched in silver, gold, lead, and zinc were intermittently generated during this extended period of volcanism, including the epithermal mineral systems that formed the great Mexican silver mining districts at Guanajuato, Real de Angeles in Zacatecas, Fresnillo, and Santa Barbara-San Francisco del Oro. The silver-lead-zinc mineralization found on the Pitarrilla property is situated in Central Mexican Silver Belt, a metallogenic province defined by the four previously-noted silver mining districts along with the mining districts of Parral, Santa Maria del Oro, and Sombrerete-Chalchihuites.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the area of the Pitarrilla Project, the Tertiary volcanic rocks of the SMO overlie marine sedimentary rocks that were deposited in a back-arc basin from early to middle Cretaceous time. These marine sediments suffered compressional deformation during the Laramide Orogeny which peaked during the late Cretaceous. A major unconformity separates the deformed Cretaceous sedimentary rocks from the overlying Eocene to Oligocene volcanic and volcaniclastic rocks. Along the eastern margin of the SMO, this unconformity is commonly marked by the presence of continental clastic sedimentary rocks, mainly conglomerates and sandstones. Eocene (52 to 40 Ma) andesitic flows and domes, as well as minor silicic lavas and ignimbrites generally form the lower volcanic stratigraphy of the SMO. Following a hiatus in arc magmatism at the end of the Eocene, extensive volcanism in the SMO resumed, with voluminous Oligocene silicic ignimbrites and rhyolitic domes deposited. Basaltic-andesitic volcanism followed most of the major ignimbritic episodes, as evidenced by mafic flows locally overlying the Oligocene sequences.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The core of the SMO can be viewed as a relatively un-extended crustal block that separates two NNW-SSE trending belts, marked by extensional deformation, which occur along its western and eastern flanks. The eastern flank of the central sector of the SMO, where the Pitarrilla Project is located, is interpreted as having undergone two major extension events. The first event, directed ENE-WSW, occurred during the early Oligocene (32.3 to 30.6 Ma) at about the same time as the main episode of ignimbritic volcanism. A subsequent, late Oligocene ENE-WSW directed extension began around 24 million years ago, post-dating the Oligocene silicic volcanism but coinciding with a mafic, alkaline volcanic event. NW-trending faults generated during early Miocene extension are interpreted to be reactivated early Oligocene structures.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pitarrilla Property Geology</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The interpreted geology of the Pitarrilla Project is presented in the geologic map below. The silver-lead-zinc mineralization is spatially associated with a Tertiary rhyolite dome complex that was emplaced over a sequence of intermediate to felsic volcaniclastics and pyroclastics, which overlie a Cretaceous marine sedimentary basement. Four informal formations are defined at Pitarrilla, which from oldest to youngest are the Pe&#241;a Ranch, Pitarrilla, Cardenas, and Casas Blancas Formations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 49 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="aif_pg50.jpg" alt="GRAPHIC"></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pe&#241;a Ranch Formation is dominated by thinly inter-bedded Cretaceous mudstone and siltstone with lesser limestone and pebble conglomerate lithofacies. Economically significant silver-lead-zinc mineralization occurs in the form of disseminated and fracture-fill sulphides, which in order of abundance include pyrite, sphalerite, pyrrhotite, galena, chalcopyrite, arsenopyrite, stibnite, and tetrahedrite.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Formation unconformably overlies the Pe&#241;a Ranch Formation and consists of well-stratified, volcaniclastic rocks and a single massive lava flow of presumed Eocene age. At the base of the Pitarrilla Formation and immediately overlying the Cretaceous-Tertiary unconformity is a polymictic conglomerate unit, referred to as the Manto Rico member. The Manto Rico conglomerate is a key lithology because it hosts important semi-massive replacement mineralization composed of varying combinations of pyrrhotite, sphalerite, pyrite/marcasite, </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 50 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">chalcopyrite and lesser galena. The various members and rocks of the Pitarrilla Formation are interpreted to have been deposited in a back-arc sedimentary basin that had formed along the eastern flank of the Eocene volcanic arc, now represented by the SMO. Silver mineralization hosted by volcaniclastics and pyroclastics of the Pitarrilla Formation is extensive, typically being associated with disseminated sulphide and sulphosalt phases at lower elevations, and with disseminated iron and manganese oxides in weathered rocks closer to surface.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Cardenas Formation unconformably overlies the Pitarrilla Formation and consists predominantly of sub-aerial, crystal-rich, non-welded to welded ignimbrites and surge deposits of presumed Oligocene age. Following the eruption and emplacement of the felsic pyroclastics, the ignimbrite and surge deposits were eroded and the depositional environment returned to a shallow marine or lacustrine one, in which the stratified lithofacies of the Cardenas Formation were deposited. Silver mineralization is associated with disseminated hematite &#177; manganese oxides occurring in pyroclastic and volcaniclastic facies of the formation in two areas, at the Javelina Creek Zone and at the South Ridge Zone.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Casas Blancas Formation unconformably overlies the Cardenas Formation and is composed of volcaniclastic rocks and an overlying rhyolitic flow-dome, referred to as the Encino member, also of presumed Oligocene age. The flow-dome crops out on the eastern ridge of Cerro La Pitarrilla. Field observations suggest the rhyolitic flow-dome was emplaced a relatively short time before the main hydrothermal event that deposited the silver-lead-zinc mineralization, although the rocks forming the dome only rarely contain geochemically significant concentrations of silver or associated base metals.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla silver-zinc-lead deposit is hosted by deformed Cretaceous marine sediments and unconformably overlying Eocene (52 to 40 Ma) and Oligocene (32 to 28 Ma) volcanics volcaniclastics and intrusives. Eocene volcanics and volcaniclastics were derived from arc volcanism and from the erosion of subaerial arc volcanoes, and deposited into a back-arc basin. Uplift of the basin was accompanied by extension and voluminous bi-modal volcanism with the emplacement of andesitic and felsic sills and dykes during the early Oligocene. The culmination of the volcanism was the development of a rhyolitic dome which crops out on Cerro La Pitarrilla.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mineralization</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Silver-zinc-lead mineralization at the Pitarrilla Project occurs as a vertically stacked mineralized system centered on rhyolitic dykes and sills that constitute the feeder system for an early Oligocene volcanic center manifest by the rhyolitic dome. Sulphide-associated mineralization is rooted in the basement Cretaceous sedimentary strata and is represented by an aerially restricted but vertically extensive zone of disseminated and veinlet silver-zinc-lead (copper-arsenic-antimony) sulphide mineralization and strata-bound massive replacement mineralization within a polymictic conglomerate that occur at the Cretaceous-Eocene unconformity. The sulphide mineralization extends into the overlying Eocene and Oligocene volcaniclastic rocks and felsic sills, where it grades into mixed sulphide&#8211;oxide or transitional mineralization and a more laterally extensive zone of disseminated iron oxide-associated mineralization. The silver-zinc-lead mineralization is interpreted to have occurred during or after emplacement of the early Oligocene rhyolitic dome.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For metallurgical treatment purposes three main silver bearing material types are recognised at the Pitarrilla silver-lead-zinc deposit: Oxide, Transitional, and Sulphide mineralization. The following sections provide an overview of the distribution and characteristics of the defined zones or domains of mineralization.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cordon Colorado Zone</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Cordon Colorado Zone is relatively flat-lying and the mineralization lies close to surface. The NE-SW axis of maximum length is approximately 575 metres, with the NW-SE axis being about 400 metres. The deposit ranges in thickness from 30 to 85 metres, with the average being about 50 metres. Disseminated oxide silver mineralization is hosted entirely within a massive, fine-grained and weakly quartz feldspar-porphyritic felsic sill. Silver is the only metal of economic interest in this zone. Lead and zinc concentrations are typically low.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 51 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pe&#241;a Dyke Zone</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pe&#241;a Dyke Zone lies 500 metres north of Cordon Colorado beneath a northwesterly trending ridge that extends from the western peak of Cerro La Pitarrilla. The length of the zone is approximately 500 metres, with the width averaging 125 metres. Mineralization crops out; however, the silver-rich core of the deposit lies roughly 60 metres below surface. The disseminated oxide silver mineralization occurs within a weakly quartz feldspar-porphyritic felsic intrusive. Silver is the only metal of economic interest.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Javelina Creek Zone</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the Javelina Creek Zone, disseminated oxide silver mineralization occurs in two separate sub-zones that are sub-conformable to the southwest dipping volcanic strata; the upper sub-zone is hosted by thinly bedded, well-stratified tuffs of the Javelina member of the Casas Blancas Formation, while the lower sub-zone is found in quartz crystal and pumice rich tuff of the Cardenas Formation. The oxide mineralization crops-out, the total length of the combined zone is approximately 600 metres NS, with the combined width averaging 300 metres and an overall average thickness of 80 metres.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Breccia Ridge Oxide and South Ridge Oxide Zones</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Together, the Breccia Ridge Oxide and South Ridge Oxide zones extend in the NNW-SSE direction for approximately 1,300 metres, with an average width in the WSW-ENE direction of approximately 600 metres.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A complex of felsic dykes and sills converge beneath the Encino flow dome at Breccia Ridge. It is predominantly in these intrusive rocks that the disseminated, oxide silver mineralization occurs. Volcaniclastic rocks of the Pitarrilla Formation also contain oxide and transitional mineralization, where these rocks are proximal to the contacts with the felsic dykes and sills. The oxide silver mineralization of the Breccia Ridge Oxide Zone grades downwards into transitional mineralization, and with increasing depth into true sulphide mineralization.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The core of mineralization within the South Ridge Oxide Zone is situated about 600 metres south-southeast of the peak of Cerro La Pitarrilla Vertical thickness of the South Ridge Oxide Zone mineralization varies considerably, from less than 20 metres up to more than 100 metres. Felsic dykes and sills are the most important host rock for mineralization in the South Ridge Oxide Zone, with the lahar breccia and stratified tuff litho-facies of the Casas Blancas Formation also locally mineralized. Along the eastern part of South Ridge, disseminated, oxide silver mineralization is hosted by crystal and pumice rich welded tuff of the Cardenas Formation and by volcaniclastics of the upper Pitarrilla Formation. Silver is the only metal of economic importance in the Breccia Ridge Oxide and South Ridge Oxide zones.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">South Ridge East Oxide Zone</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The South Ridge East Zone is situated immediately east of the South Ridge Zone. The two zones are connected by low-grade oxide mineralization, and for resource estimation purposes the two zones are combined. This zone is best described as a strongly elongated and horizontally flattened ellipsoid that has its primary axis oriented NNW-SSE. The deposit is at least 700 metres long and 75 metres to 100 metres thick. Disseminated, oxide-associated silver mineralization, locally in high-grade concentrations, is found in crystal- and pumice-rich welded tuff of the Cardenas Formation and in volcaniclastics belonging to the upper section of the Pitarrilla Formation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Breccia Ridge Transitional and Sulphide Domains</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are four main domains of transitional and sulphide silver mineralization in the Pitarrilla silver-lead-zinc deposit which, together, define a vertically-stacked mineralized system that is centered on the cluster of felsic dykes and sills representing the feeder complex and vent area for the Encino rhyolitic flow dome. From highest to lowest in the system, the four domains consist of the AB domain (transitional), the Andesite (C) domain (sulphide), the Basal Conglomerate (D) domain (sulphide), and the Basement domain (sulphide), as discussed below. Figure 7-5 is a NE-SW cross-section through the Pitarrilla deposit showing the distribution of oxide disseminated, silver mineralization, transitional mineralization, and three types of sulphide silver-lead-zinc mineralization.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 52 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AB Domain (Transitional)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The AB Domain encompasses mineralization with both oxide and sulphide characteristics, i.e., incomplete weathering of sulphide mineralization. When the limits of the AB Domain are projected to surface it has a maximum known lateral extent of approximately 1,000 metres in the NW-SE direction, extending from the northern boundary of Breccia Ridge to approximately 300 metres north of the southern margin of South Ridge. It extends approximately 625 metres laterally in the NE-SW direction. The top of the AB Domain ranges from approximately 20 metres to 200 metres below the surface. The contact between the base of the Breccia Ridge Oxide and South Ridge Oxide Zones and the top of the AB Domain is highly irregular and isolated pods of AB Zone transitional material are present within the oxide mineralization near the surface. The base of the AB Domain is generally considered to be the upper contact of the Lower Andesite Sill which intrudes into the lower strata of the Pitarrilla Formation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Andesite (C) Domain</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Andesite-hosted mineralization has been subdivided into four subdomains: the C, C-1, C-2 (NW) and C-2 (SE) subzones. The mineralization forming these subdomains generally consists of disseminated aggregates and stockwork veinlets of the same sulphide phases found elsewhere in the deposit. The exception is the C subzone, which in addition to having the disseminated and fracture-filling sulphides contains a sub-horizontal body of massive, relatively coarse-grained base metal sulphides, mainly pyrite, chalcopyrite, sphalerite, with lesser amounts of pyrrhotite, galena, arsenopyrite and tetrahedrite. Only minor amounts of hydrothermal gangue minerals, mostly quartz and calcite, are mixed with the sulphides. The massive sulphide mineralization of the C subdomain, which can attain thicknesses of up to 5 metres, has the appearance of a vein; however, it is also possible that it represents a body of pervasive sulphide replacement which was localised along the upper contact of the andesite sill. In terms of size, the C subdomain has lateral dimensions of 350 metres in the NNW-SSE direction, about 400 metres in the NE-SW direction, and reaches a maximum thickness of about 20 metres. Beneath the C subzone and lying just above the lower contact of the andesite sill is the C-1 subdomain. This subdomain of disseminated and veinlet sulphide mineralization is 15 to 40 metres thick and has maximum lateral dimensions of 520 metres and 420 metres in the NNW-SSE and NE-SW directions, respectively. Lying between the C and C-1 subdomains within the central part of the andesite sill are the C-2 (NW) and C-2 (SE) subdomains. Although they are contiguous, the two C-2 subdomains have been distinguished on the basis of metal grades and dip orientations; the C-2 (NW) subdomain contains lower grade mineralization and lies sub-horizontally, while the C-2 (SE) subdomain is richer in silver, zinc and lead, and dips moderately to the southeast. Viewed together, the C-2 subdomains have a NNW-SSE dimension of 800 metres and a 600 metres extent in the NE-SW direction.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Basal Conglomerate (D) Domain</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Basal Conglomerate D domain is probably the most important mineralized domain at Pitarrilla, as it contains some of the highest grade silver bearing base metal sulphide mineralization presently known on the Pitarrilla Project. It is stratabound within the Manto Rico and is characterised by replacement style mineralization. The D domain generally has a thickness of between 15 to 25 metres but attains a maximum thickness of 65 metres in its central part. Drillhole intersections of this domain have determined that the maximum lateral dimension is about 800 metres. Sulphide phases found in the Basal Conglomerate (D) Domain, in order of abundance; include pyrite, sphalerite, galena, arsenopyrite, pyrrhotite, stibnite and tetrahedrite.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Basement Domain</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Multiple, lenticular bodies of disseminated and stockwork veinlet sulphide mineralization have been delineated below the Cretaceous-Tertiary unconformity, which represent the deepest part of the Pitarrilla silver-lead-zinc ore system and together constitute the Basement domain. They are sub-parallel and with an average strike of 330&#176; and dip 55&#176; to 70&#176; to the east. Weakly porphyritic felsic dykes typically separate the mineralized lenses of the Basement Zone, with the dykes having strike and dip orientations that mimic those of the mineralized bodies. Silver-bearing, disseminated and fracture-controlled sulphides are found within the felsic dykes, typically close to their contacts, but the bulk of the Basement Zone mineralization (&gt;95%) is hosted by the thinly inter-bedded siltstone, sandstone, and minor pebble conglomerate strata of the Pe&#241;a Ranch Formation. Disseminated mineralization tends to favour the more porous litho-facies such as pebble conglomerate and sandstone, while the beds of siltstone and shale </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 53 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">commonly contain sulphide veinlets millimeters to centimeters thick, along with volumetrically restricted zones of mineralized hydrothermal breccia. Sulphide phases found in the Basement domain, in order of abundance, include pyrite, sphalerite, galena, arsenopyrite, pyrrhotite, stibnite and tetrahedrite. The veinlets contain relatively minor amounts of gangue minerals, mostly quartz, calcite and chlorite.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Five separate lenses of mineralization were outlined as sub-domains within the Basement domain, and these represent different resource domains in the Cretaceous basement rocks. From west to east, they have been designated as the G, F, E, H and I subzones. The G, F, and E subdomains have comparable strike lengths, 450 to 520 metres, whereas the H and I subdomains are 100 to 150 metres in length. Down-dip extents range from 690 metres for the F subdomain to about 250 metres for the I subdomains. Maximum thicknesses of the subdomains range from 60 to about 100 metres, with only a few tens of metres separating adjacent subzones. The down-dip limits to the mineralization of the Basement domain have not been determined due to the considerable depths below surface that would need to be drilled.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2002, we contracted F. Hillemeyer and P. Durning of LCI to acquire mineral properties in Mexico that exhibited good exploration potential for silver. Between November 2002 and March 2003, a total of 12 concessions covering 136,191 hectares were claimed by Explominerals on our behalf. Beginning in late 2002 and continuing until May 2003, using the services of Explominerals, we carried out extensive rock-chip sampling over the slopes of Cerro La Pitarrilla. Silver anomalies were identified on the western slope of the hill (Cordon Colorado prospect) and this became our first drilling target defined on the Pitarrilla Project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Beginning in 2002, several programs of rock-chip sampling were completed over the core of the Pitarrilla Project, where multiple zones of silver mineralization eventually came to be outlined. In the Cordon Colorado and Javelina Creek Zones, chip samples were collected along a grid pattern with an approximate sample spacing of 20 metres. At each sampling location, samples were collected over an area approximately 4 m<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">2</font> in size and comprised chips totaling between 1 to 2 kg. In the Pe&#241;a Dyke Zone, chip samples were taken in the same manner, but were not taken along a systematic grid pattern. In the Breccia Ridge Zone, chip sampling was focused along topographic contours around the exposed rhyolite dome. The quality of the sampling was considered to be sufficient for target delineation, but chip samples are not considered truly representative due to issues with sample delimitation and extraction. In July 2003, we tested the Casas Blancas ASTER anomaly identified by Hillemeyer and Durning approximately three kilometres to the southwest of Pitarrilla hill by taking five rock-chip and eight stream-sediment samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2004, road-cut chip sampling, along with additional surface chip sampling, was completed along the La Colorado area of the Pitarrilla property, to the northwest of the Cordon Colorado Zone. The surface samples were vertical channels cut at intervals along the northwest face of the ridge. More than 5,500 rock-chip samples were collected and geochemically analyzed. The bulk of these samples were analyzed by ALS in North Vancouver, Canada, with sample preparation and some assaying done at this laboratory&#8217;s sample preparation facilities in Chihuahua, Mexico. The majority of the surface rock samples were analyzed for concentrations of 31 trace and minor elements using the inductively coupled plasma mass spectrometry (&#8220;ICP-MS&#8221;) analytical method.&#160;&#160;Samples that yielded silver values greater than 100 ppm were re-assayed using the fire assay plus atomic absorption spectrometry (&#8220;AAS&#8221;) method. When the analytical results of geochemical sampling programs were compiled and plotted on Pitarrilla property maps, areas of rock exposures with anomalous concentrations of silver, arsenic, antimony, lead and zinc were outlined, with these trace metal &#8216;anomalies&#8217; representing exploration targets that were eventually drill-tested, resulting in the discovery of the five zones of oxide silver mineralization that form the upper part of the Pitarrilla deposit.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A number of geophysical surveys were completed on and over the Pitarrilla Project, although none of these surveys were instrumental in the discovery of the deposit. In 2007, a helicopter-facilitated radiometrics (K, Th, U and total gamma count) plus magnetics survey was undertaken by Servicio Geol&#243;gico Mexicano (&#8220;SGM&#8221;). The area covered by the survey extended eastwards beyond the boundary of the Pitarrilla claim group.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2010, Zonge Engineering Inc. of Tucson, USA., performed ground-based geophysical surveys in NW to NE trending lines over an area of approximately two kilometres NW and three kilometres NE extending NW from a central point on Cerro La Pitarrilla. Zonge collected induced polarization chargeability and resistivity responses as </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 54 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">well as magnetotelluric (&#8220;NSAMT&#8221;), magnetic and gravimetric data. These geophysical surveys failed to discover any previously undefined zones of mineralization.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A seismic reflection study, conducted by Frontier Geosciences Inc. of North Vancouver, Canada, was completed in 2012 in order to enhance the understanding of the structural geology of the Pitarrilla deposit. This involved seismic reflection data collection and interpretation, with the objective of delineating major fault planes that cut through and locally displace the Pitarrilla stratigraphy. The seismic survey consisted of 7,024 linear metres of surveying and was conducted along five survey lines. Cross-section seismic profiles were generated and interpreted. The application of the seismic survey data to the geological model of the Pitarrilla Project confirmed the position of faults previously recognised and helped define faults in another key orientation, which were difficult to recognize due to the spatial arrangement of drillholes that were optimised for intersecting mineralization.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In order to understand the spatial distribution of hydrothermal alteration at Pitarrilla, an alteration study was conducted in 2012. A hand portable TerraSpec mineral spectrometer was used to identify the alteration minerals present in drillcore from 26 drillholes chosen to be spatially representative along NS and EW sections throughout the deposit, at a spacing of approximately one TerraSpec measurement every 20 metres down the lengths of the drillholes, with 801 measurements in total. The results of this study enabled the definition of five main types of hydrothermal alteration and determined their distribution in relation to zones of silver and base metal mineralization.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By far the greatest amount of exploration-related data has come from the campaigns of RC and diamond drilling that was completed by us on the Pitarrilla Project between September 2003 and July 2012. This drilling information is reported in detail in below.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We believe that the reliability of the results of the sampling and geophysical campaign discussed above is at an industry standard for the methods employed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Monarch completed a Phase I drilling program on the Fluorite Mine Target in 1996, including 22 RC drillholes totalling 2,842 metres. The drilling was on the Pitarrilla Project, but not in the area of the current Mineral Resource estimate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The greatest amount of exploration-related data has come from the several campaigns of RC and diamond drilling we completed on the Pitarrilla Project between September 2003 and July 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">From September 2003 until October 2005, 186 RC holes with a combined length of 20,619 metres were drilled on the Pitarrilla Project. The RC drillholes targeted oxide mineralization in the Cordon Colorado, Pe&#241;a Dyke, and Javelina Creek Zones. Between 2005 and July 2012, 428 diamond drillholes were drilled for exploration and resource infill purposes, with a total of 183,358 metres being completed. The majority of the drillcore was of HQ diameter, though core samples from depths below surface greater than about 450 metres were generally of NQ diameter. To provide a sufficient amount of core from different types of mineralization for metallurgical testing, nine drillholes of HQ diameter were cored into the deposit in 2008 for a total of 6,126 metres. An additional four holes of PQ diameter were drilled into four of the five zones of oxide silver mineralization to obtain core samples for communition tests. In the area of the deposit, 31 drillholes (including re-drills), totalling 12,834 metres, were drilled for mining-related geotechnical information between 2010 and 2012. Condemnation, water well, piezometer, and short geotechnical holes drilled for the investigation of foundations for site facilities were also completed during the history of the project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Most recently, during May and June of 2012, 33 closely-spaced diamond drillholes totaling 8,914 metres were completed as part of a study to investigate the short distance variability of oxide and transitional silver mineralization in the upper 200-250 metres of the Pitarrilla deposit. These holes were drilled along three control lines, two oriented ENE-WSW with the third line crossing the other two lines perpendicular to them.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The orientation of drillholes varied in order to drill perpendicular to the interpreted orientation of the mineralized bodies. The dips of all drillholes were between 45&#176; and 90&#176;. In the Breccia Ridge Zone, drillholes were generally oriented vertically or at azimuths of 240&#176; dipping at an average of 55&#176;. In the South Ridge Zone, the drillholes were </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 55 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">oriented at 100&#176; and 274&#176; with dips averaging 60&#176;. In the Pe&#241;a Dyke Zone, drillholes were drilled at azimuths of 200&#176; and 025&#176; with dips at 60&#176;. In the Cordon Colorado and Javelina Creek Zones, there were no preferred drillhole orientations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The type and extent of drilling is summarized in Table 11 below.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="9" valign="bottom" width="98%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: medium none; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; BORDER-TOP: medium none; MARGIN-RIGHT: 0pt; BORDER-RIGHT: medium none">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table11">Table 11</a> Drilling Summary</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="bottom" width="22%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling Method</font></div>
</td>
<td valign="bottom" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Reason</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Planned By</font></div>
</td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Prefix</font></div>
</td>
<td colspan="2" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">No. of </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Holes</font></div>
</td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Metres</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilled</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Years</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Monarch</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Monarch</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BDA</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22</font></div>
</td>
<td valign="top" width="4%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,842</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1996</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SSR</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">186</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,619</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2003 - 2005</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration/Resource</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SSR</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">428</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">183,358</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2005 - 2012</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Statistical</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SSR</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8,914</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Condemnation</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SSR</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14,840</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2008</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Metallurgy</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SSR</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DDH-M</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,126</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2008</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond Triple Tube</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Geotechnical</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">KPL</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BPG</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12,834</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010 - 2012</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="top" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(incl. 4 </font></font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">redrills)</font></font></div>
</td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond and RC</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Piezometers</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">KPL</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">PZ</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">213</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2007 - 2008</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Piezometers</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">KPL</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MW08</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">73</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2008</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond Triple Tube</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Geotechnical Site Construction</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">KPL</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DH</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">582</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2008</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RC/Tricone</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Water Wells</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">KPL</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">WW</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,644</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2008</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tailing Site Condemnation</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MWH</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BPT</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,120</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Water Wells</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MWH</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">WW10</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,486</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Monitoring Well</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MWH</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MW10</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">164</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Geotechnical Site Construction</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MWH</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BPB</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">61</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tailing Site Geotechnical</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">MWH</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BPP</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">38</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Comminution</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SSR</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BPC</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">541</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="22%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond&#160;&#160;Triple Tube</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Plant and Waste Dump Geotechnical</font></div>
</td>
<td valign="top" width="13%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">KPL</font></div>
</td>
<td valign="top" width="9%" style="BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BPG</font></div>
</td>
<td valign="top" width="5%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
<td align="left" valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">231</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diamond</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tailing Site Geotechnical</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tierra Group</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">TGI-12</font></div>
</td>
<td valign="top" width="5%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">445</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" colspan="4" valign="top" width="65%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total (excluding Monarch)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="5%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">829</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">255,287</font></div>
</td>
<td align="left" valign="top" width="3%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 9pt">&#160;</td>
<td align="right" style="WIDTH: 18pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td align="left">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Table may not sum due to rounding.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 56 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sampling and Analysis</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2003 To 2008 Drilling Programs</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">RC Drillhole Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">RC drillhole samples were collected at the drill site at 1 metre lengths, from the collar, down to the final drillhole depth. Sampling intervals were dependent on the drilling equipment selected and not based on geological controls or other features of the zone of interest. The RC samples were split three times using a Jones splitter down to 1/8 of the original weight. The sample weight ranged from approximately two to 10 kg, with every 20th sample taken as a field duplicate. The samples were collected in numbered, heavy duty plastic bags along with sample tickets, which carried numbers referring back to a digital data file of drillhole identification, sample number and sample intervals. All samples were stored in our warehouse in Casas Blancas prior to shipping. Periodically, staff from ALS laboratories collected and transported the samples to Guadalajara for sample preparation. After mid-August of 2005 (after BP-179), the samples were shipped by our personnel to Chihuahua for sample preparation, prior to analysis at the ALS laboratory in North Vancouver, BC, Canada. Once analysed, remaining pulps and coarse rejects were returned from ALS and catalogued and stored in a secured warehouse in the city of Parral, Chihuahua, located 180 kilometres north-northwest of Pitarrilla.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond Drillhole Core Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Digital core photographs were taken after the core was cleaned and measured in the core boxes. After geological logging, diamond core samples were marked by the geologist and then split using a diamond saw. Sample lengths were approximately 1.52 metres. Geological contacts were generally respected during sampling. The maximum sample length was just over 3 metres in zones considered to be weakly mineralized or unmineralized. The half core samples were put in numbered heavy duty plastic bags, along with sample tickets. The sample tickets carried a number which referred back to a digital data file of drillhole identification and sample intervals. The bags were labelled with sample numbers and collected into rice sacks, which were sealed with a tamper proof seal and labelled prior to shipment. The geologists on site completed sample shipment and tracking forms, such that the reported assays could be tracked through the transport and analytical system and matched back to the appropriate drillhole identification and sample interval. Field duplicates comprised quarter core samples. Staff from ALS laboratories collected the samples and transported them to Guadalajara. After mid-August of 2005 (after BPD-037), the samples were shipped to Chihuahua by either ALS or our personnel for sample preparation prior to analysis at the ALS laboratory in North Vancouver.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Geotechnical Drilling and Oriented Core</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Geotechnical diamond drillholes were drilled by Major Drilling using triple tube wireline techniques. The drillcore was transported from the drilling rig in core boxes and taken to the core logging shed in a secure compound near the Casa Blancas village. Digital core photographs were taken after the core was cleaned and measured in the core boxes. It was then logged for geotechnical features by a trained geotechnical engineer or geologist from Knight Pi&#233;sold Consulting. The geotechnical diamond drillholes were additionally logged for geological information by one of our geologists who defined sample intervals for geochemical analysis. Sampling followed the procedure for non-oriented diamond drillcore described above.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Silver Standard QAQC Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We initiated and implemented a QAQC program in November 2005. It utilised standard reference material, blanks, field duplicates, and third party check laboratories, where every tenth sample submitted was a QAQC sample (either a standard or a blank). To monitor precision, field duplicates were inserted at a rate of one in 20. Samples for analysis by a check laboratory totalled 5% of the original number of assays.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pitarrilla Property Reference Materials</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We used eight reference materials to monitor laboratory accuracy, which were composed of coarse reject material left over from the initial RC drilling program. Each batch of reference material was given a number and called </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 57 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Standard 1, Standard 2, and Standard 6 through Standard 11. (Standard 3 through Standard 5 were reference materials certified by WMC Minerals. Early results showed a number of samples falling outside of the three standard deviation tolerance limit of the certified mean value. After review, the scattered results were attributed to mislabelling of standards and blanks.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2008, P&amp;E Mining Consultants Inc. (&#8220;P&amp;E&#8221;) determined that the number of samples in each round robin characterization of the certified property reference standards was found to be too few to provide a representative mean. As the data set contained between 200 and 700 samples, P&amp;E recalibrated the mean for each of the property standards using this larger dataset. They determined a revised mean and standard deviation for each standard by using all available analyses for each one. All values greater or less than two standard deviations from the calculated mean were removed from the data set. With these data points removed, a new mean and standard deviation were calculated. Results from this were graphed in order to view the warning limits (&#177;2 standard deviations from the mean) and the tolerance limits (&#177;3 standard deviations from the mean). All values falling within the warning limits were considered acceptable and those falling outside the tolerance limits were declared failures.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Standard 7, Standard 10, and Standard 11 continued to exhibit an unacceptable failure rate after recalibration, suggesting that insufficient homogenization of the material before round robin testing was responsible for the high failure rate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Certified Reference Materials</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We purchased three reference material standards certified by WMC Minerals which were interspersed with the property standards. These were designated as Standard 3, Standard 4, and Standard 5. The initial round robin characterization of these standards, such that they could be used to monitor laboratory accuracy, was also found to be inadequate by P&amp;E, as it involved only two laboratories using between five and 16 samples. In June 2008, P&amp;E recalibrated these standards following the procedure outlined above.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Standard 3 and Standard 4 results plotted within acceptable tolerance limits, but Standard 5 results continued to exhibit a high failure rate. P&amp;E recommended reducing the number of reference standards to three, as 11 in total were considered to be more than necessary.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Blank Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We used three different blanks throughout the drill programs from 2003 to 2008. The material used as a source for Blank 1 came from an area immediately west of the South Ridge Zone and immediately south of the Breccia Ridge Zone, before these zones were discovered. After this material was found to return values greater than three times the detection level for silver, lead, and zinc, Blank 1 was discarded. We then procured a second blank material (Blank 2) in 2007, from a dacite tuff located approximately 3.8 kilometres west of the mineralized areas. The third blank material (Blank 3) was sourced in 2008, from an intermediate volcanic located approximately 6 kilometres west of the mineralized areas. Results from Blank 2 and Blank 3 also returned a wide range of silver values (upwards of 100 g/t silver). Although some mislabelling of samples had been identified, these poorly performing blanks returned values that did not match any of those of the certified reference material. It was therefore assumed that they were either sourced from mineralized material, or resulted from cross-contamination.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Field Duplicate Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our early quality control program included shipping field duplicates of RC drillhole samples to BSI Inspectorate de Mexico, S.A. de C.V (&#8220;BSI&#8221;) in Victoria de Durango.&#160;&#160;Diamond drillhole field duplicates (quartered drillcore) were inserted at a rate of approximately one in 20.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Umpire Laboratories</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Umpire laboratories are employed as an additional check on the accuracy of the primary laboratory.&#160;&#160;We have employed several umpire laboratories during the course of the QAQC program.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 58 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ALS Quality Control Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In light of quality control results generated between 2005 and 2008, we requested the results of ALS&#8217;s internal quality control samples to assess sample bias, accuracy, precision, and evidence of cross-contamination. ALS employed 42 different standards for silver, lead, and zinc during these years. The analytical results of the standard samples did not indicate any significant source of bias or deviation outside of accepted thresholds. A review of the internal blank sample results indicated no evidence of cross-contamination, suggesting the blank material used in our quality control program was sourced from mineralized rock, and not adequately confirmed to be barren of mineralization before use. ALS sample duplicates for silver did not exhibit evidence of sampling bias, while precision levels were within acceptable industry limits.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Though ALS&#8217;s quality control samples were not &#8220;blind&#8221;, they demonstrate strong analytical control over the assay results they were supporting. This suggests an ineffective implementation of our QAQC program during these years, not an inherent problem with the quality of the assay data generated by the laboratory.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sample Security</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Drillcore samples were in our custody from collection and bagging until pickup by an ALS transport vehicle from the warehouse in Casas Blancas. Samples were transported to the ALS sample preparation facility in Guadalajara until mid-August 2005. After this date they were shipped to the ALS sample preparation facility in Chihuahua by our personnel. Upon arrival at the laboratory, each sample was given a bar code label and logged into the laboratory information management system. This permitted sample tracking and provided a complete chain of custody record after receipt at the laboratory. Sample bags were sealed on site and none of the seals were reported tampered by the receiving analytical laboratory.&#160;&#160;We are not aware of any deliberate attempts to compromise samples.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2010 To 2012 Drilling Programs</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond Drillholes Core Sampling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sampling of diamond core drillholes followed the procedure outlined in the 2003 to 2008 drill programs above.&#160;&#160;The plastic sample bags were then placed in larger labelled rice bags, then sealed, and then sent by our trucks to the ALS facility in Zacatecas, Mexico.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Silver Standard QAQC Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">QC sample data were monitored on a monthly basis to ensure that sample batches with control sample data outside of acceptable limits were re-submitted for analysis in a timely manner.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Certified Reference Materials</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We utilised three reference standards during the drilling campaigns from 2010-2012. These covered a range of medium and high grade silver and zinc values. Two reference standards (STD-13 and STD-14) were created for the Pitarrilla deposit by CDN Resources Laboratories Ltd., and certified by Smee &amp; Associates Consulting Ltd. following a round robin analysis at five independent analytical laboratories. One reference standard (STD-12) was created for the Pitarrilla deposit by Minerals Exploration &amp; Environmental Geochemistry following a round robin analysis at six independent laboratories; however, this reference material has not been certified.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have reviewed the results of the three certified standards from the 2010 through 2012 drilling programs. A total of 1,293 standard samples were submitted during this time representing a rate of one standard for each 20 assay samples. In total there were seven failed silver results, four failures for zinc, and two failures for lead. No significant evidence of bias was observed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Blank Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sample blank material comprised unmineralized sand sourced from the Casas Blancas area. A total of 1,291 sample blanks were inserted throughout the drilling campaigns between 2010 and 2012, representing a rate of one blank </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 59 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">sample for each 20 assay samples. A threshold of 10 times the analytical detection limit of silver (i.e., a threshold of 5 ppm) was used to discriminate samples showing evidence of cross-contamination. Results of field blank control samples indicated that there was no significant source of cross-contamination during analytical work during our 2010 to 2012 drilling campaigns.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Field Duplicate Samples</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We inserted approximately 1,285 field duplicate samples between 2010 and 2012, which equates to a rate of one field duplicate in 20 assay samples.&#160;&#160;We then analyzed the field duplicate data for bias and precision using the methodology outlined in the 2003 to 2008 drill programs above.&#160;&#160;The field duplicate ranked HARD statistic precision value at the 90th percentile was within acceptable industry standards of approximately 20%. No significant evidence of bias was observed. We inserted approximately 1,285 field duplicate samples between 2010 and 2012, which equates to a rate of one field duplicate in 20 assay samples. We then analyzed the field duplicate data for bias and precision using the methodology outlined in the 2003 to 2008 drill programs above. Precision levels were within acceptable industry standards. No significant evidence of bias was observed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Umpire Laboratory &#8211; Assayers Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We sent 5% of assay pulps to the Assayers Canada laboratory (now SGS Canada) in Vancouver for an independent third party check.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Data Verification</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following data verification steps were conducted in respect of the sampling and assaying done at the Pitarrilla Project:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A visit to inspect geology and mineralization at the Pitarrilla Property;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Detailed review of selected drillholes to assess the nature of the mineralization, and the effectiveness of the selected drilling orientation in the delineation thereof;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Select drillhole collar locations were confirmed by GPS during the visit to site;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Downhole survey data were reviewed for all drillholes to assess drillhole traces;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">QC information for all exploration drilling programs conducted on the Pitarrilla Property was analysed;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Approximately 10% of the pre-2011 drilling assay dataset was checked and compared to the original assay certificates, to generate additional confidence in this data;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Detailed checks of assay data from the 2011 and 2012 drilling programs in conjunction with our database manager, with iterative correction for any anomalies (generally typographical errors, including mislabelled samples and mislabelled sample intervals);</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Review of monthly QC data monitoring by our database manager, especially timing and effectiveness of remedial action taken with respect to failed batches;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Comparison analyses were conducted between data derived from different drilling generations and types (e.g., RC, diamond core drilling) to validate their use in a single database; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Data was validated at each manipulation stage throughout the database compilation until the completion of Mineral Resources grade tonnage estimates.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All assay data are provided directly to us by the relevant analytical laboratory, and directly imported into the DataShed database management system. We checked a randomly selected proportion (10%) of the 2011 and 2012 </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 60 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">assay data in the DataShed Pitarrilla assay database against the assay certificates provided by ALS and no errors were noted.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mineral Resources and Mineral Reserves Estimates</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes as at December 31, 2012 our Pitarrilla Mineral Resources estimate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table12">Table 12</a> Pitarrilla Mineral Resources Estimate</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="95%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" rowspan="2" valign="middle" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Category</font></div>
</td>
<td colspan="2" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnage</font></div>
</td>
<td colspan="3" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mined Grade</font></div>
</td>
<td colspan="5" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contained Metal</font></div>
</td>
</tr><tr>
<td colspan="2" valign="bottom" width="31%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Mt)</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g/t)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pb</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(%)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Zn</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(%)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Moz)</font></div>
</td>
<td colspan="2" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pb</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Mlb)</font></div>
</td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Zn</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Mlb)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20.3</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95.4</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">240.0</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">81.9</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">632</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">260.3</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.32</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.72</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,815</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,146</font></div>
</td>
<td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured + Indicated</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">260.3</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">83.0</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.32</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.72</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">695</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,815</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,146</font></div>
</td>
<td valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22.1</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62.1</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.21</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.49</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">44.1</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">101</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">236</font></div>
</td>
<td valign="top" width="4%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate is as at December&#160;4, 2012, was completed by Jeremy D. Vincent, P.Geo., as a Qualified Person in accordance with the standards of NI 43-101 and is contained in the 2012 Pitarrilla Technical Report. Mineral Resources are reported above a cut-off grade of 30 grams per tonne silver and are reported inclusive of Mineral Reserves. No mining activity has occurred on the property from December 4, 2012 to December 31, 2012.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Ag grades of resource blocks forming the resource model were estimated by the Localised Uniform Conditioning (&#8220;LUC&#8221;) grade estimation method. Pb and Zn grades of the resource blocks were estimated using the Ordinary Kriging (&#8220;OK&#8221;) grade estimation method.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(3)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources of Pb and Zn are not classified as Measured to account for added uncertainty due to the volume-variance effect when reporting elements estimated by different techniques (Ag by LUC; Pb and Zn by OK).</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(4)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table may not sum due to rounding.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes as at December 31, 2012 our Pitarrilla Mineral Reserves estimate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table13">Table 13 </a>Pitarrilla Mineral Reserves Estimate</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="2" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Category</font></div>
</td>
<td rowspan="2" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Process Type</font></div>
</td>
<td colspan="2" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnage</font></div>
</td>
<td colspan="3" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mined Grade</font></div>
</td>
<td colspan="5" valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contained Metal</font></div>
</td>
</tr><tr>
<td colspan="2" valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Mt)</font></div>
</td>
<td valign="bottom" width="6%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g/t)</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pb</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(%)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Zn</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(%)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Moz)</font></div>
</td>
<td colspan="2" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pb</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Mlb)</font></div>
</td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Zn</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Mlb)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Probable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Direct Leach</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43.4</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">91.5</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.17</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.42</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">127.5</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">161.6</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">403.9</font></div>
</td>
<td valign="top" width="3%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Probable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Flotation/Leach</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">113.2</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">96.5</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.34</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.93</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">351.2</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">851.8</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,317.7</font></div>
</td>
<td valign="top" width="3%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Probable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">All</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">156.6</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95.1</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.29</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.79</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">478.7</font></div>
</td>
<td valign="middle" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: black 1.5pt solid">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,013.5</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 1.5pt solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,721.5</font></div>
</td>
<td valign="top" width="3%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Reserves estimate is as at December 4, 2012 and was completed by Andrew W. Sharp, FAusIMM, as a Qualified Person in accordance with the standards of NI 43-101 and is contained in the 2012 Pitarrilla Technical Report. The Mineral Reserves estimate uses a NSR calculation to determine cut-off using US$25.00 per troy ounce silver, US$0.90 per pound lead and US$0.95 per pound zinc. The Mineral Reserves contain two ore types&#8212;direct leach ore and flotation/leach ore. The constant cut-off value for direct leach ore is US$16.38/tonne and for flotation/leach ore is US$16.40/tonne. The NSR calculation method varies for the two ore types. For the two ore types combined, the overall average process recovery of silver, lead, and zinc are 69.6%, 57.4%, and 61.3%, respectively. No mining activity has occurred on the property from December 4, 2012 to December 31, 2012.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table may not sum due to rounding.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining Operations</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining Method</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project will use standard truck and shovel open-pit mining methods. The expected mining life is 20 years, including three pre-production years. The pit will be mined in five phases, starting with Breccia Ridge and </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 61 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cordon Colorado. Over the life of the Pitarrilla Project, a fleet of trucks is expected to haul approximately 1.1 billion tonnes of material and 157 million tonnes of ore, at a strip ratio of 5.96:1. After mining is completed, the plant will continue to mill ore from stockpiles for an additional 12 years.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Metallurgical Process</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project&#8217;s plant is expected to use standard crush, grind, float and agitated leach equipment to process 16,000 tonnes per day of flotation/leach ore or 12,000 tonnes per day of direct leach ore. The two ore types will utilize a common crushing and grinding circuit. Initially, highly-oxidised ore will be direct leached in an agitated leach circuit. Silver will then be extracted from the pregnant leach solution using the Merrill-Crowe process to produce silver-rich dor&#233; bars. Subsequently, the less oxidised and un-weathered sulphide ores will be processed in sequential lead and zinc flotation circuits to produce separate silver-bearing lead and zinc concentrates. Tailings from the flotation circuits will be processed in the agitated leach circuit to recover additional silver.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Estimates of Financial Metrics</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This estimate of financial metrics presents the determination of the key economic performance indicators for the Pitarrilla Project, including the Net Present Value (&#8220;NPV&#8221;), the payback period (time in years to recapture the initial capital investment), and the Internal Rate of Return (&#8220;IRR&#8221;) for the project. Annual cash flow projections are estimated over the life of the mine based on the estimates of capital expenditures, production costs and sales revenues. The sales revenue is based on the production of a zinc concentrate, a lead concentrate and silver dor&#233;. The lead and zinc concentrates contain a significant amount of silver. Silver accounts for 84% of the total net revenue. It is estimated that the plant will recover a total of 333,370 koz of silver, 582 Mlbs of lead, and 1,669 Mlbs of zinc over a 30 year process life.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total initial capital totals $740.6 million and sustaining capital totals $403.9 million.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project has cash costs of $10.01/oz payable silver and production costs of $15.91/oz payable silver.&#160;&#160;The NPV at assumed long term metal prices using a 5% discount rate is $737 million and the internal rate of return is 12.8%.&#160;&#160;Payback of the initial capital occurs 7.4 years after commercial production commences.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The estimates of financial metrics and supporting financial information, including capital and operating costs, have been developed in constant dollar terms.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Markets</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project concentrates are commodities that will be sold and traded to global markets. Sales could either be made directly to smelter operations or through commodity traders. Transportation costs will vary widely depending on whether the concentrates are sold to local or overseas smelters. It was assumed that the silver dor&#233; will be sold to local smelters, and the lead and zinc concentrate will be sold on the global market to offshore smelters. Alternatives exist to sell to local smelters.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project is projected to produce a high grade silver dor&#233;, which is readily marketable to global precious metals refiners.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contracts</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No material contracts for concentrates, dor&#233;, consumables, energy, equipment or labour in respect of the Pitarrilla Project have been executed as of the date of this Annual Information Form.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Environmental Conditions</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A preliminary analysis indicates that the greatest potential for adverse environmental impacts of the Pitarrilla Project will be the impacts on the water resources. Water is a limiting factor for many environmental components in the region. It is unlikely that make-up water requirements will greatly affect regional water availability; however, contamination of ground water or surface water sources would be very detrimental. Primary mitigation against this</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 62 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">impact is the proper engineering of the project, including spill containment mechanisms, run-off water diversions, and containment of any potentially acid-generating tailings or waste rock.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Some vegetation and animal species in the area are protected under Mexican regulations, and they will be disturbed during project construction. To mitigate this, flora and fauna &#8220;rescue&#8221; programs will be implemented to remove those protected species from the project footprint, for relocation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Finally, impacts may occur to the socio-economy of the area, as the project becomes a source of jobs and attracts people from the region and beyond. Immigration into the area may positively influence the economy, but may also attract negative elements, such as drugs, prostitution and other criminal activity. The primary mitigation for these potential negative impacts will be the continued open communication with the communities and ejidos to provide for realistic expectations of available jobs and other community investments.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project has been designed to comply with Mexican mining regulations. An EIA is expected to be completed and ready for submission to Mexico&#8217;s environmental agency in the first half of 2013. Studies conducted at the Pitarrilla Project during the EIA preparation process included characterization of the topography, geomorphology, geology, soils, water (surface water and groundwater), climate, air quality, and flora and fauna. Several environmental, land use, and operating permits and agreements are required before construction begins. For further details regarding EIAs in the Mexican environmental regime, see &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Mexico &#8211; Environmental and Permitting</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have implemented a community relations program that includes environmental, medical, educational, infrastructure development, and social support services. This year we completed clean-up projects around local rivers, planted trees and completed construction projects to improve infrastructure (including the installation of livestock fences, improvements to a suspension bridge, improvements to a water well and the installation of a media room at a local high school).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Taxes</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pitarrilla Project is subject to a corporate income tax rate of 30% in 2013, 29% in 2014 and 28% in all subsequent years. The Mexico corporate income tax regime also includes a flat tax (&#8220;IETU&#8221;), a form of alternative minimum tax. Total current income tax liability over the life of the mine is estimated to be $871.3 million. Current income taxes are forecast to be payable between years 5 and 21 of operations.&#160;&#160;The Pitarrilla Project is forecast not to be liable for any additional flat tax.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Capital expenditures are depreciated for tax in accordance with the Mexican tax law. For the purposes of the Pitarrilla Project financial assessment, it has been assumed that accelerated depreciation is taken wherever possible.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Tax loss carry forwards for Corporate Income Tax purposes of approximately 1,270 million MXN are available (with varying expiry periods) as at the start of the construction period. Tax losses can be carried forward for a period of ten years.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mexico has a 16% value added tax (&#8220;VAT&#8221;).&#160;&#160;The Pitarrilla Project is subject to VAT on a portion of its capital and operating expenditures.&#160;&#160;The refund of VAT paid should be within customary recovery periods.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration and Development</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are actively engaged in obtaining the remaining surface rights required for the permitting, construction and operation of the Pitarrilla Project. As of the date of this Annual Information Form, the surface rights for five tracts of land at the Pitarrilla Project are still required. We plan to submit all outstanding permit applications, and expect to receive all permit approvals, by the end of 2013 upon receipt of clear title to, or access agreements in respect of, all required land. Financing must be secured before the project can be constructed. We intend to utilize the Pitarrilla Feasibility Study as the basis for further discussions with financial institutions and potential partners. At the same time, we will continue optimizing the project through further engineering design and process development work. Critical infrastructure for the project, including access roads, a communications system and ground water resources, are expected to be developed during 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 63 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="sanluisproject64">San Luis Project</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following disclosure relating to the San Luis Project is based, in part, on information derived from the technical report entitled &#8220;Technical Report for the San Luis Project Feasibility Study, Ancash Department, Peru&#8221;, dated effective June 4, 2010 (&#8220;2010 San Luis Technical Report&#8221;) prepared by Christopher Edward Kaye, FAusIMM, Clinton Strachan, P.E., Steve L. Milne, P.E., Michael J. Lechner, P.Geo., Donald F. Earnest, P.G. and Robert Michael Robb, P.E., all of whom are Qualified Persons as defined in NI 43-101. The 2010 San Luis Technical Report is available for review under our profile on SEDAR at www.sedar.com. The following disclosure has been updated to include information about the San Luis Project subsequent to the date of the 2010 San Luis Technical Report.&#160;&#160;See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Interests of Experts</font>&#8221; for details of the Qualified Persons who prepared the 2010 San Luis Technical Report and approved the following disclosure.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Project Description and Location</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis Project is located in the Cordillera Negra of north-central Peru, 513 kilometres north-northwest of Lima and 113 kilometres east of the city of Casma as shown in Figure 2. Elevations range from 3600 masl at the San Luis Project campsite to 4850 masl at the summit of the nearby Cerro Huilcahua&#237;n. The project currently consists of forty-three mineral concessions covering an area of 35,538 hectares. In order to maintain our rights to these concessions, we are required to pay an annual mining good standing fee in the aggregate of approximately $98,000 in respect of the concessions to the government of Peru. For further details regarding the mineral concession system in Peru, see &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Peru &#8211; Regulatory &#8211; Land Tenure</font>&#8221;. The only current environmental liabilities at the San Luis Project are those associated with the removal of the mine camp facilities and reclamation of drill pads and exploration roads.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis Project is subject to a net smelter royalty interest granted to Esperanza, our former joint venture partner in the project, equal to 1% of future revenues earned from the project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="figure2">Figure 2</a> Project Location</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 207pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="aif_pg64.jpg" alt="GRAPHIC"></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Accessibility, Climate, Local Resources, Infrastructure and Physiography</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Access</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis project site is accessible through a network of public roadways in the area, some of which currently support mining traffic. The main access to the project site is planned to be along public gravel roadways from the </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 64 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">cities of Huaraz and Casma to the project&#8217;s west gate. Although this access is a public road, part of it passes through property and controlled checkpoints at Barrick&#8217;s Pierina mine. The larger population centers near the project are Casma, Carhuaz, and Huaraz. Each of these population centers have labor and services required to support development of a mining project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A secondary access/egress point is also planned from the project site&#8217;s east gate, however, the public road in that area is relatively steep and large vehicles are not able to navigate its tight turns. The nearest population centers to the project site are Tambra (located on the western limit of the property) and Pueblo Viejo (situated in the northeast portion of the project concessions).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Climate</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The project area is dry for the greater part of the year, from May to December. During these months, the daytime temperature is moderate with a high of 22&#176; while nights can be as cold as -10&#176; C. The rainy season is from January to April. Temperatures are more moderate but the weather is characterized by sometimes heavy rains, abundant fog, hail and snow at higher elevations. Maximum precipitation occurs in February (206 mm) while the driest month is July (2.5 mm).<font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font>Historical climatic data was obtained from the Peruvian government for the nearby weather stations at Pira and Recuay and from Barrick&#8217;s Pierina operation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Local Resources and Infrastructure</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Water Resources</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Existing water resources in the project area include several fresh water lakes and some seasonal surface water. Some of the lakes are currently used to supply water to the small adjacent communities of Tambra and Pueblo Viejo. This water is subject to seasonal fluctuation and anecdotal evidence indicates that water supplies could disappear during the dry season. As part of the project&#8217;s EIA activity, baseline data was collected to measure and observe the patterns of surface water collection and flow as well as the biology of the lakes and other surface water in the area.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Specifically, four ponds are located within the project&#8217;s area of indirect influence. These include the Pacsococha and Orcuncocha, which drain to the Tocash gorge, as well as the Cotacocha and Yahuarcocha ponds, the waters of which drain to the Huanchuy gorge. These ponds could be used as a potential source of water supply. Several other ponds are located within the project&#8217;s area of direct influence; these include the Yanacocha, Azulcocha Baja, Huancacocha, and Sejeacocha ponds. Yanacocha drains towards Iscupampa gorge while the others drain towards Huanchuy gorge. The Sejeacocha pond is planned as a location for the San Luis TSF. An adequate water supply can be maintained year-round to support the needs of the project and the adjacent communities with installation of a water diversion sump in Huanchuy gorge.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Tailings Storage Facility</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The design objective for the TSF is to store the tailings from the San Luis project mining and mineral processing operations in an environmentally responsible manner, both during operations and after mine closure. Based on this objective and applicable standards, the design criteria for the TSF included design for the Maximum Credible Earthquake and Probable Maximum Precipitation events, as well as international guidelines for environmental practice. Based on the 2007 Canadian Dam Safety Guidelines criteria, the San Luis TSF dam was placed in the &#8220;High&#8221; to &#8220;Very High&#8221; Dam Classification based on the potential impact a failure of the dam could have on the population and the environment. The project design criteria were selected based on this classification. A number of alternatives studies were performed prior to selecting the TSF, including a tailing deposition method alternatives study, a site alternatives study, and an embankment alternatives study. Based on the evaluation of technical, environmental, and social factors a TSF site adjacent to the process plant was selected as the most suitable site for the development of the TSF.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Process Plant</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The process flow sheet selected for the San Luis Project includes two-stage crushing and screening, fine ore storage, grinding and classification, gravity concentration, cyanide leaching, thickening and Counter Current Decantation </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 65 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">washing of leach discharge slurries. Leached tailings are discharged to a tailings storage facility near the process plant from which cyanide solution will be recycled to the process circuit. Pregnant leach solution will be deaerated prior to the injection of zinc dust to precipitate gold and silver. Precipitates will be collected in a filter press, then dried and smelted to produce dor&#233; bars for final refining offsite. The crushing and screening circuits as well as the smelting section will operate on day shift only. All other process facilities will operate 24 hours a day.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Waste Handling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Solid waste will be categorized as domestic waste or industrial waste and will be disposed of in a designated landfill. Hazardous waste will be temporarily stored on site until it is disposed of by an appropriate contractor. Recyclable waste will sorted and stored until it can be taken off site to an appropriate sorting and recycling facility. The domestic waste will be collected and deposited in the on-site landfill where it will be covered by an appropriate material. Transportation of the waste to an external landfill is not possible because none are available nearby. Industrial waste will be classified into non-hazardous and hazardous categories. Non-hazardous industrial wastes will be disposed of in the same facility as the domestic waste. Hazardous industrial wastes will be disposed of in compliance with Peruvian regulations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Power Sources</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Discussions have been held with the regional power utility, Distriluz, to determine the availability of grid power for the San Luis project operations. Although Distriluz and its local subsidiary (Hidrandina) have applied for expansion projects that would allow San Luis to draw power from the grid, the utility is unable to offer any assurance that these projects will proceed. Accordingly, the San Luis Project was estimated on the basis of using self-generated power from diesel generators.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Physiography</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The project area is located on the western flank of the Cordillera Negra, in part of the western mountain range (Cordillera Occidental) of Peru. The region is mountainous with high elevation rolling hills and valleys surrounded by higher craggy snow-capped mountains and deep valleys, typical of the western side of the Peruvian Andes. The mountains range in altitude between 4,000 masl and 4,900 masl. The vegetation is composed principally of grass and various small bushes typical of the area.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sufficiency of Surface Rights</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The mineral concessions comprising the San Luis Project cover the entire area of known mineralization. Our concessions now cover the entire area of the mineral resources plus all planned facilities, including tailings facilities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">With respect to surface rights, we require land use agreements with two local communities in order to secure long-term access at the San Luis Project. We successfully entered into a land use agreement with one of these communities (Cochabamba) in 2011. As of the date of this Annual Information Form, negotiations with the other community (Ecash) are ongoing.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the third quarter of 2012, we received approval for an exploration EIA allowing for an exploration drilling subject, however, to certain additional administrative requirements before drilling may commence campaign at the BP Zone, a high-potential porphyry copper target, located about 4.5 kilometres southeast of the Ayel&#233;n Vein. This target is located in an area where land access for exploration activities has been previously granted by the local community.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">History</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are no reported historical mineral resources or documented production from the property prior to the discovery of the San Luis vein system in 2005.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The veins that are the focus of interest at the San Luis Project were discovered in mid-2005 by an Esperanza field crew carrying out a prospecting program under the evaluation joint venture that existed at the time between us and </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 66 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Esperanza. Following the discovery in July 2005, Esperanza, as the operator of the San Luis joint venture completed channel sampling of the Ayel&#233;n Vein, one of five veins that were identified in the field at that time. Channel samples were spaced approximately every 25 metres (82 feet) along the strike length of the Ayel&#233;n Vein. Based on the results of the channel sampling, a diamond drill program was commenced by Esperanza in late 2006.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2006 and 2007 a systematic trenching and drilling program was carried out on the Ayel&#233;n Vein. During this time approximately 19,200 metres of drilling was completed in 108 diamond drill holes. Thirty four trenches were also completed. Another 28 holes or approximately 3,200 metres were drilled in the In&#233;z vein, bringing the total drilling to 136 holes and approximately 22,400 metres.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On April 1, 2007, we assumed the role of operator for the San Luis Joint Venture and continued with the diamond drill program. From 2006 to 2008, the joint venture completed 33,600 metres of diamond drilling in 154 holes. In January 2009, Resource Evaluation Inc. (&#8220;REI&#8221;) and Resource Modeling Inc. (&#8220;RMI&#8221;) prepared an updated mineral resource estimate of the San Luis Project, the results of which were publicly disclosed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2010, we completed a feasibility study for the development of the San Luis Project. In 2011 we signed a land access agreement with the Cochabamba community.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On June 30, 2011, we entered into a share purchase agreement with Esperanza pursuant to which we purchased all of Esperanza&#8217;s remaining interest in the San Luis Project for consideration of C$17 million cash, transferring to Esperanza the 6,459,600 common shares in Esperanza that we owned and a royalty equal to 1% of net smelter returns on future production from the project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Geology Setting and Mineralization</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Regional Geology</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis property is situated within the Cordillera Negra terrain of the Peruvian Andes, which is characterized by sedimentary rocks (limestones, mudstones, shales, sandstones), quartzites, extrusive volcanic rocks (tuffs, ignimbrites, coarse pyroclastics, agglomerates, and lavas) and intrusive rocks (granodiorites, tonalites, andesites, dacites, and rhyolites). Recent surficial deposits in the region are mostly fluvial &#8211; glacial in character. Regional structure is related to two uplifts of the Andean belt that resulted in folding and faulting of basement rocks.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Local Geology</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Local stratigraphy in the San Luis project area is dominated by flat-lying fine to coarse-grained andesites overlain by beds of interlayered andesite and volcanic breccia that strike northwesterly and dip from sub-horizontal to 30&#176; southwest, which are the main hosts for the northwest to northnorthwest-trending mineralized (low sulphidation) epithermal veins. Post-mineral faulting resulted in well-developed vein breccia textures and tensional openings that allowed subsequent emplacement of rhyodacite dykes and later brecciation/displacement of both the dykes and veins. Vein gangue mineralization consists of quartz, chalcedony, calcite and minor adularia. Gold occurs as electrum and silver is present as acanthite, other silver sulphosalts, and electrum. Other sulphides include trace amounts of pyrite, chalcopyrite, galena and sphalerite. The veins display common epithermal textures. Ore &#8220;shoots&#8221; typically occur in dilational zones that are the result of a variety of local stresses, and often these stresses are repeated along the length of a vein structure, resulting in multiple ore-shoots. The two veins containing the mineralization that provides the mineral reserve are the Ayel&#233;n vein and the In&#233;z vein.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Property Geology</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other local lithologies include sandstones and fine-grained quartzites interlayered with some clay stones of the lower Cretaceous Carhuaz Formation (exposed as windows in the overlying volcanics) and granodiorites of the Puscao unit of the Coastal batholith, lesser outcrops of granodiorite and tonalite of the Cordillera Blanca batholith, and a series of rhyolitic sills, dykes, and irregular bodies that occur in intimate association with the San Luis veins. Structurally, local northwest and north-northwesterly faults have been active since the majority of volcanism ceased but prior to emplacement of the main epithermal veins. However, faulting also occurred during and after vein </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 67 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">emplacement, which resulted in the well-developed vein breccia textures, tensional openings that allowed subsequent emplacement of rhyodacite dykes, and later brecciation and displacement of both the dykes and veins.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mineralization</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Vein gangue mineralization in the San Luis deposit consists of quartz, chalcedony, calcite and minor adularia. Gold occurs as electrum and silver is present as acanthite, other silver sulphosalts, and electrum. Other sulphides include trace amounts of pyrite, chalcopyrite, galena and sphalerite. The veins display common epithermal textures including crustiform banding that often display the interlayers of quartz and sulfide minerals. Bands are frequently disrupted, indicating repeated pulses of mineralization. Lattice textures in which calcite crystals have been replaced by quartz and brecciation are also common characteristics. Faulting and fracturing are key elements in the localization of mineralization in the vein system. Mineralized &#8220;shoots&#8221; typically occur in dilational zones that are the result of a variety of local stresses, and often these stresses are repeated along the length of a vein structure, resulting in multiple mineralized-shoots.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Ayel&#233;n vein is the better mineralized of the known vein structures. Trenching and diamond drilling have traced this structure along a strike of 340&#176; to 345&#176; for a length of over 720 metres, with down-dip extensions of more than 325 metres. Surface mapping shows that the vein structure dips -75&#176; to -85&#176; west-southwesterly, but drilling results show that the controlling fault structure(s), subsurface individual vein segments and post-mineral dykes dip vertically to -80&#176; west-southwesterly. True thicknesses of individual vein segments vary from tens of centimeters to more than 10 metres, with the average being 1.5 metres to 3.0 metres.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The In&#233;z vein, which is situated approximately 110 metres east of the Ayel&#233;n vein, strikes northwesterly at 320&#176; to 340&#176; and dips -50&#176; to -75&#176; to the northeast. The vein crops out as a series of discontinuous resistant ridges for more than 2,200 metres along strike, with apparent widths of 2 metres to 7.5 metres. However, only a relatively short section of the In&#233;z vein contains significant amounts of gold and silver, and this section occurs where the In&#233;z vein is closest to the Ayel&#233;n vein.&#160;&#160;Figure 3 illustrates the spatial relationship of the Ayel&#233;n vein, In&#233;z vein, and other veins which together comprise the San Luis epithermal system.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="aif_pg68.jpg" alt="GRAPHIC"></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="figure3">Figure 3</a> San Luis Vein System</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis property was first visited by Esperanza field personnel in June 2005. They discovered and sampled the In&#233;s vein structure which returned values ranging from trace to 1.56 g/t gold and 0.8 g/t to 100 g/t silver. During a later property visit in July 2005 the Ayel&#233;n and Paula vein structures were discovered, prospected and channel </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 68 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">sampled. The channel samples from the Ayel&#233;n vein returned values ranging from 0.026 to 173.8 g/t gold and 23 g/t to 2,504 g/t silver. Prospecting work by Esperanza later in 2005 led to the discovery of the nearby Sheyla and Regina vein structures.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Thirty-two separate trenches were excavated along the trend of the Ayel&#233;n vein structure at 25-meter intervals and 403 channel samples were collected along these trenches from the vein structure and wall rock. True thicknesses of the samples were calculated using the vein dips at each sample site. These vein dip angles varied from -70&#176; to -85&#176; west-southwest. The results of the channel sampling showed that the Ayel&#233;n vein structure hosted values ranging from trace to 134 g/t gold and 5.3 g/t to 2,246 g/t silver over true vein thicknesses of 0.98 metre to 7.14 metres. Figure 4 shows the locations of channel sample results along the central portion of the Ayel&#233;n vein. Twenty-five trenches were excavated across the In&#233;s vein structure at 25-meter intervals and 90 channel samples were collected along these trenches from the vein structure and wall rock. Vein structure dip angles varied from -65&#176; to -75&#176; northeast from which true thicknesses of the structure were calculated. Pincus and McCrea (2006) reported precious metal values for samples that graded greater than 1 g/t gold or represented longer true widths across the In&#233;s vein structure. The reported results ranged from trace to 21.07 g/t gold and trace to 1969 g/t silver across true widths of 0.66 metres to 3.43 metres. The results of this work identified the high gold and silver grades hosted by the Ayel&#233;n and In&#233;s vein structures and showed that these veins have features commonly associated with typical low sulphidation epithermal vein systems.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We believe that the reliability of the results of the geochemical sampling campaign discussed above is at an industry standard for the methods employed for these types of sample.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 69 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="aif_pg70.jpg" alt="GRAPHIC"></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="figure4">Figure 4</a> Location of 2006 Channel Samples on Central Portion of Ayel&#233;n Vein</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drilling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">According to our personnel, all drilling of the Ayel&#233;n and In&#233;z veins was performed by Boart Longyear of Lima, Peru, using LF-70 and LY-44 rigs. All holes were reportedly collared with HQ-size drilling tools that recovered 63.5&#160;mm diameter core, with reductions to NQ-size tools (47.6 mm diameter core) if poor drilling conditions were encountered. Drill hole collar sites reportedly were first surveyed using GPS instrumentation and subsequently using Distamat surveying equipment. Upon completion, all drill hole locations were immediately surveyed, and surveyors marked the location of the collars of the drilled holes with labelled rock cairns. Drill holes were surveyed down-hole using an Easyshot&#174; survey tool that collected azimuth and inclination data at regular 50-metre intervals down the holes, with the final measurements being taken near the bottom of each drill hole. All down-hole survey data were recorded on the field geologic logs and subsequently in the electronic drill hole database.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Based on a review of core from ten diamond core holes (A-SL-087, A-SL-082, A-SL-079, A-SL-064, A-SL-069, A-SL-104, SL07-001, SL-07-002, SL06-01, and SL06-04), the core appears to be in excellent condition and order, with clearly labeled run blocks in place and sample breaks clearly noted. In the holes examined the core had been well-sampled using a diamond saw.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 70 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Logging of diamond drill core included the recording of lithologic, structural, alteration and mineralogical features observed by the project geologists onto conventional logging forms. These data were then transcribed onto drill hole-specific spreadsheet-type files that could be imported directly into a Gemcom database. The logging of lithologies was very detailed and well done, with numerous (over 50) individual lithologic designations. Structure, alteration and mineralization logging was generally well done. The logging of geotechnical data was not extensive, with only core recovery (%), rock quality designation (&#8220;RQD&#8221;), and a general description of core quality recorded.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the mineral resource estimate on which the San Luis Feasibility Study is focused, only diamond core holes that tested the Ayel&#233;n and In&#233;z veins were used. Table 14 summarizes the number of diamond core holes and total number of metres drilled (by vein area) that define the current mineral resource. Most of the diamond core holes were drilled at steep angles to the east, resulting in both acute and obtuse intersection angles with the steep westerly-dipping vein.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="45%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="3" valign="middle" width="50%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; MARGIN-LEFT: 9pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table14">Table 14 </a>Summary of Diamond Drill Holes by Vein Area</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Area</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Meters</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ayel&#233;n</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">108</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19,196.15</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">In&#233;z</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,157.80</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">136</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2,353.95</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition to the diamond core holes, a series of chip-channel samples were collected from surface trenches that were excavated on approximately 25 metre spaced intervals along and perpendicular to the strike length of the outcropping Ayel&#233;n and In&#233;z veins. These trench data were treated like sub-horizontal drill holes for constructing vein wireframes and estimating mineral resources. Table 15 summarizes the number of trenches and total metres of trenching by vein area. Most of the trench samples were assayed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="45%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="3" valign="top" width="50%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: justify; BORDER-LEFT: medium none; MARGIN-LEFT: 9pt; BORDER-TOP: medium none; BORDER-RIGHT: medium none">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table15">Table 15 </a>Summary of Surface Trenches by Vein Area</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Area</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Meters</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ayel&#233;n</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">506.21</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">In&#233;z</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">441.00</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">96</font></div>
</td>
<td valign="top" width="15%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">947.21</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The surface chip-channel samples were oriented perpendicular to the strike length of the Ayel&#233;n and In&#233;z veins and closely represent the true thickness of the veins at the sampled locations. The true thicknesses of the veins range between tens of cm to over 10 metres and average between 1.5 metres to 3.0 metres in width. The veins appear to be thicker near the surface and become thinner and lower grade with depth.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sampling and Analysis</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Drill Core Sampling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Diamond core recovery for the various drill campaigns was excellent. Fifty-six percent of the assayed intervals had a core recovery of 100% and 95% of the total data had core recoveries in excess of 90%. The San Luis project geologists who logged the core determined the core intervals to be sampled. Sample intervals averaged approximately 1.0 metre in length, with individual samples rarely greater than 1.5 metres or less than 0.5 metre in length. Definite sample breaks were made at contacts between geologic units (vein/wallrock boundaries and lithologic contacts). Within an individual geologic unit, sample intervals were extended or reduced slightly to allow for a nearby geologic contact. The maximum allowable sample length was 2.0m.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 71 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Once the project geologists marked the sample interval breaks, core from each assigned sample interval was individually removed and cut in half lengthwise using a diamond saw. After sawing the core from an individual sample interval, one-half of the drill core was placed in a 6 mil plastic sample bag for assay, and the other half was returned to its original position in the core box. All of the core from the ten holes examined during the June 2008 site visit was found to be well sawn, with the remaining half core carefully placed back in the boxes in good order.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Once sampling was complete, the individual core sample bags were then securely tied with non-slip plastic straps, properly labeled and stored in a locked room in the core storage facility under the supervision of the project geologist until they could be shipped to the assay laboratory.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Surface Trench Sampling</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Surface trenches were sampled by cutting material (using a hammer and chisel) from channels in the floor of the trenches after the floors were cleaned by pick and shovel. Based on REI&#8217;s examinations of the surface trenches during its 2008 site visit, the samples taken were not true channel samples (where material was carefully removed such that well defined, regular rectangular cuts remained). Rather, the surface trench samples appeared to be what is well known and accepted in the industry as &#8220;chip channel&#8221; samples. Individual sample locations were then marked by spray paint continuously along the entire length of the trench. Each sample was cut along a length of approximately one metre, although the lengths of individual samples varied. Each individual sample generally weighed between one and two kilograms.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Samples Analysis</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the exploration of the San Luis veins, sample preparation and analysis was done mainly by the analytical laboratories of SGS del Peru and ALS Peru located in Lima. Both laboratories are accredited according to the ISO/IEC 172025 standard, which is specifically designed for Mineral Analysis Testing Laboratories. The sample preparation and analytical procedures used by these laboratories are appropriate for the type of epithermal gold-silver mineralization present in the San Luis deposit. No aspects of the sample preparation or sample analysis were conducted by one of our employees, officers, directors, or associates of either Silver Standard or Esperanza, its joint venture partner in the San Luis project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Quality Assurance/Quality Control</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A rigorous QAQC program was established to monitor accuracy (i.e. sample standards), contamination (i.e. sample blanks), precision (i.e. duplicates) and other possible sampling errors (i.e. sample mis-labelling). The QAQC protocol for this program included the insertion of at least one QC sample per 15 regular samples submitted to the primary assay laboratory. The type of QC sample that was inserted alternated between a duplicate sample (sent to a secondary laboratory), a standard sample, or a blank sample. The standard and blank samples were inserted into the sample sequence as the sample shipment was being prepared. Duplicate samples were inserted at the time of collection. The QC samples were assigned sample numbers in the same sequential order as the primary samples in order to help prevent detection of the QC samples by the primary laboratory. Sample results reportedly were routinely monitored for quality control failures or problems, and when these occurred, the laboratory responsible was notified and check analyses (reruns) were performed to resolve the discrepancies.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Data Verification</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">REI and RMI obtained copies of certified (signed) assay certificates for 31 core holes and/or trenches, covering a representative number of sampling campaigns for verification of the assays in the electronic database. Only three gold and three silver assay data errors were discovered, all in Ayel&#233;n trench A16. It appears that these records had been shifted downward one row in the electronic database, and the errors were corrected prior to estimating mineral resources. The results of this verification of the gold and silver assays in the electronic database are within typical industry accepted tolerances for accuracy (less than 1% errors), which indicates that the electronic database is acceptable to be used to estimate mineral resources.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 72 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sample Security</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Once trench samples were collected, the sample bags were tied shut by the geologist and then transferred to the project field camp and stored in a locked area at the core shed, with access controlled by project geologists. Diamond drill cores were also transported from the drill rigs and stored in the same locked area. After the cores were sampled, the individual 6 mil sample bags of core were securely tied with non-slip plastic straps, properly labeled, and returned to the locked room in the core shed to await shipment to the assay laboratory. Prior to shipping, the individual sacks of samples were placed into large woven nylon rice bags, the contents were marked on each rice bag, and each bag was securely sealed. These rice bags containing the individual samples were then delivered directly to either the SGS del Peru S.A.C (&#8220;SGS&#8221;) in Lima or the ALS assay laboratory in Lima by project personnel, thus maintaining an uninterrupted chain of custody between the drill rigs and the assay laboratory. Occasional exceptions to this procedure occurred when trench samples were delivered by project personnel to the town of Casma, where the samples were then bused via commercial transport (TEPSA S.A.) to Lima, and picked up by SGS.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 73 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mineral Resources and Mineral Reserves Estimates</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes as at December 31, 2012 our San Luis Mineral Resources estimate.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<div style="MARGIN-LEFT: 9pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="table16">Table 16 </a>San Luis Mineral Resources Estimate</font></div>

<div>&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="2" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Category</font></div>
</td>
<td rowspan="2" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tonnes</font></div>
</td>
<td colspan="2" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Grade</font></div>
</td>
<td colspan="2" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Contained Metal</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Au (g/t)</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag (g/t)</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Au (oz)</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag (oz)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">55,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34.3</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">757.6</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">61,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,345,100</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">429,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20.8</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">555.0</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">287,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7,658,200</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured + Indicated</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">484,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22.4</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">578.1</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">348,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,003,300</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inferred</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.6</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">270.1</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,600</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">174,900</font></div>
</td>
</tr></table>
</div>
</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources estimate is as at June 4, 2010 and was completed by Michael J. Lechner, P.Geo., and Donald F. Earnest, P.G., as Qualified Persons in accordance with the standards of NI 43-101 and is summarized in the San Luis Feasibility Study. Mineral Resources are reported above a gold-equivalent cut-off grade of 6.0 grams per tonne based on US$600.00 per troy ounce gold and US$9.25 per troy ounce silver. Mineral Resources are reported inclusive of Mineral Reserves. No mining activity has occurred on the property from June 4, 2010 to December 31, 2012.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table may not sum due to rounding.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes as at December 31, 2012 our San Luis Mineral Reserves estimate.</font></div>

<div>
<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="table17">Table 17 </a>San Luis Mineral Reserves Estimate</font></div>
</div>

<div>&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="2" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Category</font></div>
</td>
<td rowspan="2" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tonnes</font></div>
</td>
<td colspan="2" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Grade</font></div>
</td>
<td colspan="2" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Contained Metal</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Au (g/t)</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag (g/t)</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Au (oz)</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ag (oz)</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Proven</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28.3</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">604.5</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">51,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,088,000</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Probable</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">447,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16.7</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">426.2</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">240,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,125,000</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">503,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18.0</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">446.1</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">291,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7,213,000</font></div>
</td>
</tr></table>
</div>
</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Reserves estimate is as at June 4, 2010 and was completed by Steve L. Milne, P.E. as a Qualified Person in accordance with the standards of NI 43-101 and is contained in the San Luis Feasibility Study. Mineral Reserves are reported at a cut-off grade of 6.9 grams per tonne gold equivalent, based on US$800.00 per troy ounce gold, US$12.50 per troy ounce silver, and recoveries of 94% gold and 90% silver, as presented in the San Luis Feasibility Study. No mining activity has occurred on the property from June 4, 2010 to December 31, 2012.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Table may not sum due to rounding.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining Operations</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining Method</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">It is currently planned that the San Luis Project will use overhand cut-and-fill mining with unconsolidated rock fill as the mining method due to the ore body width and dip as well as familiarity with this method in Peru. A 10% factor for external dilution has been added to stope tonnages. Dilution material is assumed to have no gold or silver content/value. Internal dilution is included in the stope design at modeled grades. Mining recovery is considered to be 95%. A maximum mine production rate of 417 tonnes per day was chosen based on the ore body width, mining method, and appropriate mining productivities. The development openings and support requirements are based on the preliminary mine geotechnical assessment of the Ayel&#233;n vein system made by Buenaventura Ingenieros S.A.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Metallurgical Process</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Four metallurgical testwork programs have been completed investigating the metallurgical response of mineralized samples from the San Luis project. The first program was performed by Process Research Associates Ltd. of Richmond, British Columbia, Canada. The second program was performed at C.H. Plenge &amp; CIA S.A. in Lima, Peru. The third and fourth programs were performed by G&amp;T of Kamloops, British Columbia, Canada. In conjunction with the second G&amp;T program (fourth program overall), a study including flocculant screening, sedimentation, rheology and filtration was undertaken by Pocock Industrial, Inc. of Salt Lake City, U.S.A. These programs investigated the recovery of gold and silver using gravity concentration, cyanide leaching and flotation, as well as defining mill design parameters. Petrographic analyses of core samples have been performed by Dr. Craig Leitch and BISA. Metalllurgical testing was carried out using industry-accepted procedures by reputable testing </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 74 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">facilities. Although considerable effort was made to ensure the representivity of the samples with respect to the entire deposit, nevertheless it is possible that certain mineral assemblages were not identified or tested adequately.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Markets</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The dor&#233; from the San Luis Project will be saleable to any number of refiners, bullion banks or brokers in North and South America.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contracts</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are currently no contracts in place for the sale of San Luis dor&#233;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Environmental Conditions</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Area of Direct Influence is defined as the area where the San Luis Project can potentially directly affect the environment during construction and operation. These areas include:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Areas of direct influence such as the mine, process plant, tailings facilities, and other ancillary facilities.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Hydrological areas of influence such as the Huanchuy, Tocash, and Iscupampa ravines.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Meteorological areas of influence such as downwind areas that can be affected by dust.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Socioeconomic areas of influence such as the villages of Tambra and Pueblo Viejo.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Land tenure areas such as the EPZ ONE, EPZ THREE, EPZ FOUR, CAHUARAN ONE, and PUMALHILLCA ONE mining concessions.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other superficial land assigned to the Communities of Cochabamba and Ecash.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For further details regarding Peruvian environmental regime, see &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Foreign Operations &#8211; Peru &#8211; Environmental</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Taxes</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The San Luis Project is subject to the Peruvian federal corporate income tax rate of 30%.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2011, the Peruvian government approved the Modified Mining Royalty (&#8220;MMR&#8221;), replacing the mining royalty regime introduced in 2004.&#160;&#160;The MMR is applied on an operating income base, payable each quarter with marginal rates ranging from 1% to 12%, depending on the operating profit margin.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Peruvian government also introduced in parallel with the MMR, a Special Mining Tax (&#8220;SMT&#8221;) which is applied on operating income based on a sliding scale, with progressive marginal rates ranging from 2% to 8.4%.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other taxes include a 19% value added tax (&#8220;IGV&#8221;) which is refundable as a tax credit.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mine Life</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The currently delineated minable reserve will provide a mine life of approximately 3.5 years. However, on-going exploration in the area during the mining phase, as well as evidence of Ayel&#233;n&#8217;s projection and other veins resources, may extend the mine life.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Estimate of Financial Metrics</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A base case cash flow model for the project has been developed using metal prices of US$800/oz gold and US$12.50/oz silver.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 75 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The base case economic parameters of the project deliver an IRR of 26%, a NPV (5% discount) of US$39.2 million, a payback of 1.2 years, a cash operating cost of US$84.6 million, a total operating cost of US$160.83/tonne ore and a cost of production of $313.16/oz of gold recovered.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration and Development</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the third quarter of 2012, we received from the relevant federal agency approval of our Environmental Impact Assessment for an exploration drilling campaign at the BP Zone, a high-potential porphyry copper target, located about 4.5 kilometres southeast of the Ayel&#233;n Vein. Once the EIA permit was granted, we then applied for a water usage permit for the drilling program, which was issued to us in December of 2012.&#160;&#160;The BP Zone target is located in an area where land access for exploration activities was previously granted by the local community of Cochabamba. We plan to commence a 2,500 metre drilling campaign once all permits and necessary approvals have been received.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="otherproperties">Other Properties</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Diablillos Project</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Diablillos Project is a wholly-owned silver-gold exploration project located in northwestern Argentina approximately 275 kilometres south of our Pirquitas Mine and is accessible by gravel road. The project consists of eight mining leases or &#8220;minas&#8221; totaling 4,500 hectares, and 2 cateos (or exploration licences) of 5,567 hectares. In order to maintain our rights to these concessions, we are required to make canon payments to the Argentine government.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We initiated a Preliminary Economic Assessment for the Diablillos Project in 2010 to evaluate the potential for placing the project in production. In 2011, surface rock sampling was conducted on the property by our geologists in order to define potential near-surface drilling targets. In 2012, five areas marked by exposures of precious metal mineralization were further evaluated through the rock-chip sampling of several shallow trenches that were excavated using a back-hoe machine. In the fourth quarter of 2012, we drilled 19 diamond boreholes for a combined length of 1,674 metres to test these five targets. A total of $2 million was spent at the Diablillos Project during the financial year ended December 31, 2012. Additional exploration work and engineering studies are currently being completed on the project.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Diablillos Mineral Resources are summarized in the &#8220;Mineral Resources&#8221; table. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Description of Business &#8211; Summary of Mineral Reserves and Mineral Resources Estimates &#8211; Mineral Resources</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Projects</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our other wholly-owned mineral properties where exploration programs were completed in 2012 include the San Agust&#237;n, Valenciana, El Mogote, Las Varas, Veta Colorada, Chilicote, Palmilla and San Patricio properties in Mexico, the Saddleback and Silver Creek properties in Arizona-New Mexico and the Candelaria Mine property in Nevada, U.S.A.&#160;&#160;Airborne geophysical surveys were conducted over the Saddleback, Silver Creek, Valenciana, El Mogote, Veta Colorada, Chilicote, Palmilla and San Patricio properties.&#160;&#160;Ground geophysical surveys involving the induced polarization and gravity survey methods were performed on the Valenciana and El Mogote properties, while only ground IP surveys were carried out on the Saddleback and Silver Creek properties.&#160;&#160;&#160;Bedrock chip sampling was done on all of the above-mentioned mineral properties, with hundreds of samples being analyzed for a diverse suite of trace elements, including silver and gold.&#160;&#160;A grid-controlled soil geochemistry survey consisting of more than 400 samples was completed only on the Valenciana property.&#160;&#160;At San Agust&#237;n, fieldwork completed in 2012 involved the re-logging of existing drill cores, the collection of bulk density measurements for hundreds of core samples, and the collection of several hundred core samples that were then analyzed for their mineral compositions using a Terraspec&#8482; spectral mineral analyzer. Data obtained by the various geophysical and geochemical surveys were compiled and integrated with previously acquired geological and exploration information for these properties and then used to outline potential drilling targets in our search for economic mineral deposits below the surface.&#160;&#160;Specific drill targets were defined on the Valenciana, El Mogote, San Patricio and Saddleback properties, resulting in the submission of applications to the relevant government agencies for drilling permits for the Valenciana, San Patricio and Saddleback properties.&#160;&#160;In December of 2012, we had received such permits for the San Patricio </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 76 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">property in Chihuahua, Mexico and the Saddleback property which straddles the Arizona-New Mexico border in the southwestern USA.&#160;&#160;Diamond drilling programs were initiated on these two properties prior to the end of the year and were continued into January of 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 77 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="riskfactors">RISK FACTORS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An investment in our securities is speculative and involves a high degree of risk due to the nature of our business and the present stage of exploration and development of our mineral properties. The following risk factors, as well as risks currently unknown to us, could materially adversely affect our future business, operations and financial condition and could cause them to differ materially from the estimates described in forward-looking statements relating to us, or our business, property or financial results, each of which could cause you to lose part or all of your investment in our securities. You should carefully consider the following risk factors along with the other matters set out in this Annual Information Form.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="risksrelatedtobusiness">Risks Related to our Business and our Industry</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">The production and cost estimates for the Pirquitas Mine, the Pitarrilla Project and the San Luis Project may vary and/or not be achieved.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have prepared estimates of future production, operating costs and capital costs for the Pirquitas Mine, and the 2012 Pitarrilla Technical Report and the San Luis Feasibility Study contain estimates of future production, operating and capital costs and other economic and technical estimates relating to these projects. We cannot assure you that such production, cost or other estimates will be achieved. Actual production and costs may vary from the estimates depending on a variety of factors, many of which are not within our control. These factors include, but are not limited to, actual ore mined varying from estimates of grade, tonnage, dilution, and metallurgical and other characteristics; short-term operating factors such as the need for sequential development of ore bodies and the processing of new or different ore grades from those planned; mine failures, slope failures or equipment failures; industrial accidents; natural phenomena such as inclement weather conditions, floods, droughts, rock slides and earthquakes; encountering unusual or unexpected geological conditions; changes in power costs and potential power shortages; exchange rate and commodity price fluctuations; shortages of principal supplies needed for operations, including explosives, fuels, chemical reagents, water, equipment parts and lubricants; labor shortages or strikes; high rates of inflation; civil disobedience and protests; and restrictions (including change to the taxation regime) or regulations (including import restrictions for equipment and material required for operations at the mine) imposed by governmental or regulatory authorities or other changes in the regulatory environments. Failure to achieve production or cost estimates or material increases in costs could have a material adverse impact on our future cash flows, profitability, results of operations and financial condition.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">The Pirquitas Mine is currently our only mineral property in production and we may be exposed to future development risk.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine is currently our only mineral property in production. The future development of any other properties found to be economically feasible and approved by our board of directors will require the construction and operation of mines, processing plants and related infrastructure. As a result, we are and will continue to be subject to all of the risks associated with establishing new mining operations including:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the availability and cost of skilled labor and mining equipment;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the availability and cost of appropriate smelting and refining arrangements;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">securing long-term access agreements required to develop and operate a mine, including the surface rights required for the Pitarrilla Project and the San Luis Project;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the need to obtain and retain necessary environmental and other governmental approvals and permits and the timing of the receipt of those approvals and permits;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">potential opposition from non-governmental organizations, environmental groups or local groups which may delay or prevent development activities;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">potential for labour unrest or other labour disturbances;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">potential increases in cost structures due to changes in the cost of fuel, power, materials and supplies; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 78 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the timing and cost, which can be considerable, of the construction and expansion of mining and processing facilities.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The costs, timing and complexities of operating the Pirquitas Mine and constructing and developing our other projects may be greater than we anticipate because the majority of our property interests are not located in developed areas and, as a result, our property interests may not be served by appropriate road access, water and power supply and other support infrastructure. Cost estimates may increase as more detailed engineering work is completed on a project. It is common in new mining operations to experience unexpected costs, problems and delays during construction, development and mine start-up. In addition, delays in the early stages of mineral production often occur. For example, in 2011 we produced less silver than anticipated because of lengthy production stoppages caused by mechanical problems that first affected our crushing capacity and then our milling. Accordingly, we cannot assure you that our activities will result in profitable mining operations at any of our mineral properties.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We may be unable to replace our Mineral Reserves.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Pirquitas Mine is our only current source of metals production. The 2011 Pirquitas Technical Report provides for production at the Pirquitas Mine to cease in 2020. If our Mineral Reserves are not replaced either by the development of additional Mineral Reserves and/or additions to Mineral Reserves at the Pirquitas Mine, there may be an adverse impact on our future cash flows, earnings, results of operations and financial condition, and this may be compounded by requirements to expend funds for reclamation and decommissioning.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We may not have sufficient funds to fully develop our mineral properties or to complete further exploration and development programs.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Current operating cash flows are not sufficient to finance all our exploration programs, development of our mineral properties and corporate costs. In the future, our ability to continue our production, development and exploration activities, if any, will depend on our ability to generate sufficient operating cash flows from the Pirquitas Mine and to obtain additional external financing where necessary. Any unexpected costs, problems or delays at the Pirquitas Mine could severely impact our ability to generate sufficient cash flows and require greater reliance on alternative sources of financing.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The sources of external financing that we may use for these purposes include project or bank financing, or public or private offerings of equity and debt. In addition, we may enter into one or more strategic alliances or joint ventures, decide to sell certain property interests, or utilize one or a combination of all of these alternatives. The financing alternative chosen by us may not be available to us on acceptable terms, or at all. If additional financing is not available, we may have to postpone the development of, or sell, one or more of our principal properties.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Changes in the market prices of silver and other metals, which in the past have fluctuated widely, will affect our operations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our profitability and long-term viability and the economic feasibility of our projects depend, in large part, on the market price of silver, gold, zinc and lead. The market prices for these metals are volatile and are affected by numerous factors beyond our control, including:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">global or regional consumption patterns;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the supply of, and demand for, these metals;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">speculative activities;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the availability and costs of metal substitutes;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">expectations for inflation; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">political and economic conditions, including interest rates and currency values.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 79 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We cannot predict the effect of these factors on metal prices. A decrease in the market price of silver and other metals would affect the profitability of the Pirquitas Mine and could affect our ability to finance the exploration and development of any of our other mineral properties. The market price of silver and other metals may not remain at current levels. In particular, an increase in worldwide supply, and consequent downward pressure on prices, may result over the longer term from increased silver production from mines developed or expanded as a result of current metal price levels.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We have incurred losses in the past and may incur losses in the future.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Although we had income from mine operations of $46.1 million and $51.9 million for the years ended December 31, 2012 and 2011, respectively, we have incurred losses in the past and we incurred non-GAAP adjusted net losses after adjustments as reported in note 14 of our management&#8217;s discussion and analysis for the year ended December 31, 2012. We may continue incurring losses or generating insufficient cash flows, such that the exploration and development of our other mineral properties will require commitment of substantial financial resources that may not be available. The amount and timing of expenditures will depend on a number of factors, including the progress of ongoing exploration and development, the results of analyses and recommendations, the rate of operating profits or losses, the execution of any strategic agreements with third parties and our acquisition of additional property interests, many of which are beyond our control. We cannot assure you that we will achieve consistent profitability.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">General economic conditions may adversely affect our growth and profitability.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The unprecedented events in global financial markets in the past several years have had a profound impact on the global economy. Many industries, including the silver and gold mining industry, have been and continue to be impacted by these market conditions. Some of the key impacts of the current financial market turmoil include contraction in credit markets resulting in a widening of credit risk, devaluations, high volatility in global equity, commodity, foreign exchange and precious metal markets and a lack of market confidence and liquidity. A continued or worsened slowdown in the financial markets or other economic conditions, including but not limited to, sovereign debt and government solvency conditions, consumer spending, employment rates, business conditions, inflation, fuel and energy costs, consumer debt levels, lack of available credit, the state of the financial markets, interest rates and tax rates, may adversely affect our growth and profitability. Specifically:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the global credit/liquidity crisis could impact the cost and availability of financing and our overall liquidity;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">volatility of silver and gold prices would impact our revenues, profits, losses and cash flow;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">continued recessionary pressures could adversely impact demand for our production and, conversely, inflationary pressures would impact our production costs;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">volatile energy, commodity and consumables prices and currency exchange rates would impact our production costs; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the devaluation and volatility of global stock markets would impact the valuation of our equity and other securities.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These factors could have a material adverse effect on our financial condition and results of operations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Our investment in Pretium may not be fully realizable.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Following the sale of the Snowfield and Brucejack properties to Pretium, we retained a significant continuing ownership interest in Pretium, which is approximately 19.7% of Pretium&#8217;s issued and outstanding shares as at the date of this Annual Information Form. We will rely on the performance of Pretium, the market performance of Pretium&#8217;s common shares and the liquidity of the market for those shares, in order to realize the full value of our interest. This may reduce our ability to execute our strategy and fund planned exploration and development opportunities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 80 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">The sale of our concentrates is subject to counterparty and market risks.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have entered into supply arrangements to sell silver and zinc concentrates being produced at the Pirquitas Mine to concentrate traders and smelting companies. We cannot assure you that in the future, where necessary, we will be successful in entering into such arrangements on acceptable terms, or at all. If we are not successful in entering into such arrangements, we may be forced to sell all of our concentrates, or greater volumes of them than we may from time to time intend, in the spot market, or we may not have a market for our concentrates. In addition, should any counterparty to any supply arrangement we may enter into not honor such arrangement, or should any of such counterparties become insolvent, we may incur losses for products already shipped and be forced to sell greater volumes of our concentrates than intended in the spot market or we may not have a market for our concentrates, and our future operating results may be materially adversely impacted as a result. Moreover, we cannot assure you that we will be able to renew any agreements we may enter into to sell concentrates when such agreements expire, or that our concentrates will meet the qualitative requirements under future concentrate agreements or the requirements of buyers.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Political or economic instability or unexpected regulatory change in the countries where our properties are located could adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We currently conduct operations in Argentina, and have exploration projects in Mexico, Peru, Argentina, Chile, Canada and the United States, and as such we are exposed to various levels of economic, political and other risks and uncertainties. These risks and uncertainties vary from country to country and include, but are not limited to, royalties and tax increases or claims by governmental bodies, expropriation or nationalization, employee profit-sharing requirements, foreign exchange controls, restrictions on repatriation of profits, import and export regulations, cancellation or renegotiation of contracts, changing fiscal regimes and uncertain regulatory environments, fluctuations in currency exchange rates, high rates of inflation, changes in royalty and tax regimes, including the elimination of tax exemptions, underdeveloped industrial and economic infrastructure, unenforceability of contractual rights and judgments and environmental permitting regulations. The occurrence of these various factors and uncertainties cannot be accurately predicted and could adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The regulatory environment in Argentina continues to provide a challenging cost environment, especially with inflation at elevated levels. For example, on October 26, 2011, the Federal Government of Argentina announced that future export revenues derived from mining operations in Argentina must be repatriated to Argentina and converted into Argentine currency prior to being distributed either locally or overseas. The distribution of earnings overseas requires Argentine currency to be converted into foreign currency for repatriation. A bank transaction tax of 0.6% applies to the conversion of pesos to foreign currencies in transactions that would otherwise have been executed using offshore funds.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additionally, in April 2012, the Federal Government of Argentina expropriated 51% of the equity interest in Yacimientos Petroliferos Fiscales (&#8220;YPF&#8221;), Argentina&#8217;s largest oil and gas company, from the Spanish company Repsol S.A. (&#8220;Repsol&#8221;), without payment of any compensation. Argentina&#8217;s President claimed that control of YPF was vital to the Argentinean national interest because Repsol had drained YPF instead of investing the money needed by YPF to meet domestic demand for fuel. Repsol disputes the claim and has said that it intends to seek full compensation. It remains to be seen what effect the nationalization of YPF will have on other industries in Argentina and the future of foreign investment in Argentina.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We may be subject to a 10% export tax on production from the Pirquitas Mine.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We entered into the Fiscal Agreement with the Federal Government of Argentina in 1998 for production from the Pirquitas Mine. In December 2007, the DNA levied an export duty of approximately 10% from concentrates for projects with fiscal stability agreements pre-dating 2002. The Federal Government asserts that the Pirquitas Mine is subject to this export duty despite contrary rights detailed under the Fiscal Agreement. We have challenged the legality of the export duty applied to silver concentrate and the matter is currently under review by the Federal Court in Argentina. The Federal Court (Jujuy) granted an injunction in our favor effective September 29, 2010 that prohibited the Federal Government from withholding the 10% export duty on silver concentrates pending the decision of the courts. The Federal Court of Appeal (Salta) upheld the injunction in December 2012; however, the Federal Government has appealed this decision to the Federal Supreme Court of Argentina. The Federal </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 81 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Government has also appealed the refund we claimed for the export duties paid before the injunction, as well as matters of procedure related to the uncertainty of the amount reclaimed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As of December 31, 2012 the Pirquitas Mine has paid $6.6 million in export duties against which it has filed for recovery. In accordance with the injunction, we have not been paying export duties on silver concentrate but continue to accrue duties in full until the outcome of the claim is known with certainty. At December 31, 2012, we had accrued a liability totaling $35.8 million.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">While we are of the view that the export duty levied on the Pirquitas Mine has no legal merit, there is no assurance that we will be successful in the Federal Court of Argentina or that we will not have to pay the full amount of the export duties going forward, as well as those that have accrued since September 29, 2010, plus interest and penalties. In the event that we are unsuccessful, this would negatively impact our financial position.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We follow Canadian disclosure practices concerning our Mineral Reserves and Mineral Resources which allow for more disclosure than is permitted for domestic U.S. reporting companies.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our mineral resource estimates are not directly comparable to those made by domestic U.S. reporting companies subject to the SEC reporting and disclosure requirements, as we report resources in accordance with Canadian practices. These practices are different from the practices used to report resource estimates in reports and other materials filed by domestic U.S. reporting companies with the SEC in that the Canadian practice is to report Measured, Indicated and Inferred Resources. In the United States, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into reserves. Further, &#8220;Inferred Mineral Resources&#8221; have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Disclosure of &#8220;contained ounces&#8221; is permitted disclosure under Canadian regulations; however, the SEC only permits issuers to report mineralization that does not constitute &#8220;reserves&#8221; by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contained in this Annual Information Form may not be comparable to information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Cautionary Notice Regarding Mineral Reserve and Mineral Resource Estimates</font>.&#8221;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Our estimates of Mineral Reserves and Mineral Resources are based on interpretation and assumptions and may yield less mineral production under actual conditions than is currently estimated.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are numerous uncertainties inherent in estimating quantities of Mineral Reserves and grades of mineralization, including many factors beyond our control.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In making determinations about whether to advance any of our projects to development, we must rely upon estimated calculations as to the Mineral Reserves and grades of mineralization on our properties. Until ore is actually mined and processed, Mineral Reserves and grades of mineralization must be considered as estimates only. These estimates are imprecise and depend upon geological interpretation and statistical inferences drawn from drilling and sampling which may prove to be unreliable. For example, on November 9, 2011, we announced a reduction to the Mineral Reserves and Mineral Resources estimates for the Pirquitas Mine, which shortened the anticipated mine life. We cannot assure you that:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Reserves, Mineral Resources or other mineralization estimates will be accurate; or</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">mineralization can be mined or processed profitably.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any material changes in Mineral Reserves estimates and grades of mineralization will affect the economic viability of placing a property into production and a property&#8217;s return on capital. Our estimates of Mineral Reserves and Mineral Resources have been determined and valued based on assumed future prices, cut-off grades and operating costs that may prove to be inaccurate. Extended declines in market prices for silver, gold, tin, zinc, lead and copper may render portions of our mineralization uneconomic and result in reduced reported Mineral Reserves.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 82 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any material reductions in estimates of mineralization, or of our ability to extract this mineralization, including estimates made in the 2012 Pitarrilla Technical Report, could have a material adverse effect on our results of operations or financial condition. We cannot assure you that mineral recovery rates achieved in small scale tests will be duplicated in large scale tests under on-site conditions or in production scale.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We cannot assure you that we will successfully acquire additional commercially mineable mineral rights.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Most exploration projects do not result in the discovery of commercially mineable ore deposits, and we cannot assure you that any anticipated level of recovery of ore reserves will be realized or that any identified mineral deposit will ever qualify as a commercially mineable (or viable) ore body that can be legally and economically exploited. Estimates of Mineral Reserves, Mineral Resources, mineral deposits and production costs can also be affected by such factors as environmental permitting regulations and requirements, weather, environmental factors, unforeseen technical difficulties, unusual or unexpected geological formations and work interruptions.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Material changes in Mineral Reserves, grades, stripping ratios or recovery rates may affect the economic viability of any project. Our future growth and productivity will depend, in part, on our ability to identify and acquire additional commercially mineable mineral rights, and on the costs and results of continued exploration and potential development programs. Mineral exploration is highly speculative in nature and is frequently non-productive. Substantial expenditures are required to:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">establish Mineral Reserves through drilling and metallurgical and other testing techniques;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">determine metal content and metallurgical recovery processes to extract metal from the ore; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">construct, renovate or expand mining and processing facilities.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, if we discover ore, it would take several years from the initial phases of exploration until production is possible. During this time, the economic feasibility of production may change. As a result of these uncertainties, we cannot assure you that we will successfully acquire additional commercially mineable (or viable) mineral rights.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Suitable infrastructure may not be available or damage to existing infrastructure may occur.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mining, processing, development and exploration activities depend, to one degree or another, on adequate infrastructure. Reliable roads, bridges, power sources and water supply are important determinants for capital and operating costs. The lack of availability on acceptable terms or the delay in the availability of any one or more of these items could prevent or delay exploitation or development of our projects. If adequate infrastructure is not available in a timely manner, we cannot assure you that the exploitation or development of our projects will be commenced or completed on a timely basis, or at all, or that the resulting operations will achieve the anticipated production volume, or that the construction costs and operating costs associated with the exploitation and/or development of our projects will not be higher than anticipated. In addition, unusual weather phenomena, sabotage, government or other interference in the maintenance or provision of such infrastructure could adversely affect our operations and profitability.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We have revenue from a single operation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We transitioned from exploration and development to production, generating initial revenue from operations at the Pirquitas Mine in 2010. Other than the Pirquitas Mine, which achieved commercial production on December 15, 2009, all of our properties are in the exploration or development stage. With the exception of our Pitarrilla and San Luis Projects we have not defined or delineated any Proven or Probable Mineral Reserves on any of our exploration stage properties. Mineral exploration involves significant risk because few properties that are explored contain bodies of ore that become commercially economic to develop into producing mines. If our current exploration programs do not result in the discovery of commercial ore, we may need to write-off part or all of our investment in our existing exploration stage properties, and we may need to acquire additional properties.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The determination of whether any mineral deposits on our properties are economically viable is affected by numerous factors beyond our control, including:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 83 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the metallurgy of the mineralization forming the mineral deposit;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the geological structures and formations of the deposit and host rock;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">market fluctuations for metal prices;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the proximity and capacity of natural resource markets and processing equipment; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">government regulations governing prices, taxes, royalties, land tenure, land use, importing and exporting of minerals and environmental protection.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We require further permits in order to conduct our current and future operations, and delays in obtaining or failure to obtain such permits, or a failure to comply with the terms of any such permits that we have obtained, would adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our current and anticipated future operations, including continued production at the Pirquitas Mine, and further exploration, development and commencement of production on our other mineral properties, including the Pitarrilla Project and the San Luis Project, require permits from various governmental authorities. Obtaining or renewing governmental permits is a complex and time-consuming process. The duration and success of efforts to obtain and renew permits are contingent upon many variables not within our control.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We cannot assure you that all permits that we require for our operations, including any for construction of mining facilities or conduct of mining, will be obtainable or renewable on reasonable terms, or at all. Delays or a failure to obtain such required permits, or the expiry, revocation or failure by us to comply with the terms of any such permits that we have obtained, would adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Our activities are subject to environmental laws and regulations that may increase our costs and restrict our operations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our activities are subject to extensive laws and regulations governing the protection of the environment, natural resources and human health. These laws address, among other things, emissions into the air, discharges into water, management of waste, management of hazardous substances, protection of natural resources, antiquities and endangered species and reclamation of lands disturbed by mining operations. We are required to obtain governmental permits and in some instances provide bonding requirements under federal, state, or provincial air, water quality, and mine reclamation rules and permits. Although we make provisions for reclamation costs, it cannot be assured that these provisions will be adequate to discharge our future obligations for these costs. Violations of environmental, health and safety laws are subject to civil sanctions, and, in some cases, criminal sanctions, including the suspension or revocation of permits. While responsible environmental stewardship is one of our top priorities, we cannot assure you that we have been or will be at all times in complete compliance with such laws, regulations and permits, or that the costs of complying with current and future environmental laws and permits will not materially and adversely affect our business, results of operations or financial condition.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under certain environmental laws we could be held jointly and severally liable for removal or remediation of any hazardous substance contamination at our current, former and future properties, at nearby properties, or at other third-party sites where our wastes may have migrated or been disposed. We could also be held liable for damages to natural resource resulting from hazardous substance contamination. Additionally, environmental laws in some of the countries in which we operate require that we periodically perform environmental impact studies at our mines. We cannot guarantee that these studies will not reveal environmental impacts that would require us to make significant capital outlays or cause material changes or delays in our intended activities, any of which could adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The failure to comply with environmental laws and regulations or liabilities related to hazardous substance contamination could result in project development delays, material financial impacts or other material impacts to our projects and activities, fines, penalties, lawsuits by the government or private parties, or material capital expenditures. Environmental legislation in many countries is evolving and the trend has been towards stricter standards and enforcement, increased fines and penalties for non-compliance, more stringent environmental </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 84 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">assessments of proposed projects and increasing responsibility for companies and their officers, directors and employees. Future changes in these laws or regulations could have a significant adverse impact on some portion of our business, causing us to re-evaluate those activities at that time.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Land reclamation requirements for our operating and exploration properties may be burdensome.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Although variable depending on location and the governing authority, land reclamation requirements are generally imposed on mineral exploration companies (as well as companies with mining operations) in order to minimize long term effects of land disturbance. Reclamation may include requirements to:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">control dispersion of potentially deleterious effluents; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">reasonably re-establish pre-disturbance land forms and vegetation.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In order to carry out reclamation obligations imposed on us in connection with our exploration, potential development and production activities, we must allocate financial resources that might otherwise be spent on further exploration and development programs. Certain of our projects have been subject to historic mining operations and certain of the properties that were historically mined by us are subject to remediation obligations. We have set up a provision for our reclamation bonds but this provision may not be adequate. If we are required to carry out unanticipated reclamation work, our financial position could be adversely affected.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mining is inherently risky and subject to conditions and events beyond our control.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The development and operation of a mine or mine property is inherently dangerous and involves many risks that even a combination of experience, knowledge and careful evaluation may not be able to overcome, including:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">unusual or unexpected geological formations;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">metallurgical and other processing problems;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">metal losses;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">environmental hazards;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">power outages;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">community relations problems;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">labor disruptions;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">industrial accidents;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">periodic interruptions due to inclement or hazardous weather conditions;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">flooding, explosions, fire, rockbursts, cave-ins and landslides;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">mechanical equipment and facility performance problems; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the availability of materials and equipment.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These risks could result in damage to, or destruction of, mineral properties, production facilities or other properties, personal injury or death, including to our employees, environmental damage, delays in mining, increased production costs, asset write downs, monetary losses and possible legal liability. We may not be able to obtain insurance to cover these risks at economically feasible premiums, or at all. Insurance against certain environmental risks, including potential liability for pollution and other hazards as a result of the disposal of waste products occurring </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 85 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">from production, is not generally available to companies within the mining industry. We may suffer a material adverse effect on our business if we incur losses related to any significant events that are not covered by our insurance policies.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We are subject to significant governmental regulations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The operation of the Pirquitas Mine, as well as our exploration and development activities, are subject to extensive federal, state, provincial, territorial and local laws and regulations governing various matters, including:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">environmental protection;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the management and use of toxic substances and explosives;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the management of natural resources;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the exploration of mineral properties;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">exports;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">insurance restrictions;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">import restrictions;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">exchange controls;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">price controls;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">taxation and mining royalties;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">labor standards and occupational health and safety, including mine safety;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">employee profit-sharing arrangements;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">anti-corruption and anti-bribery statutes; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">historic and cultural preservation.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Failure to comply with applicable laws and regulations may result in civil or criminal fines or penalties or enforcement actions, including orders issued by regulatory or judicial authorities enjoining or curtailing operations or requiring corrective measures, installation of additional equipment or remedial actions, or the imposition of additional local or foreign parties as joint venture partners, any of which could result in significant expenditures. We may also be required to compensate private parties suffering loss or damage by reason of a breach of such laws, regulations or permitting requirements. It is also possible that future laws and regulations, or more stringent enforcement of current laws and regulations by governmental authorities, could cause us to incur additional expense or restrict or delay the exploration and development of our properties.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We are subject to anti-corruption laws.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are subject to anti-corruption laws under the Canadian Corruption of Foreign Public Officials Act and the U.S. Foreign Corrupt Practices Act, which generally prohibit companies from engaging in bribery or other prohibited payments to foreign officials for the purpose of obtaining or retaining business. Corruption, extortion, bribery, pay-offs, theft and other fraudulent practices may occur from time-to-time in Argentina, Peru, Mexico or any other jurisdiction in which we may conduct business, and we cannot assure you that our employees or other agents will not engage in such prohibited conduct for which we might be held responsible. If our employees or other agents are found to have engaged in such practices, we could suffer severe penalties and other consequences that may have a </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 86 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">material adverse effect on our business, financial condition and results of operations. We have an anti-corruption policy and internal controls and procedures intended to address compliance and business integrity issues and we train our employees on anti-bribery compliance on a global basis. However, despite careful establishment and implementation we cannot assure you that these or other anti-bribery, anti-fraud or anti-corruption policies and procedures are or will be sufficient to protect against fraudulent and/or corrupt activity. In particular, we, in spite of our best efforts, may not always be able to prevent or detect corrupt or unethical practices by employees or third parties, such as sub-contractors or joint venture partners, which may result in reputational damage, civil and/or criminal liability (under the Corruption of Foreign Public Officials Act, the U.S. Foreign Corrupt Practices Act or any other relevant compliance, anti-bribery, anti-fraud or anti-corruption laws) being imposed on us.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compliance with emerging climate change regulations could result in significant costs and climate change may present physical risks to a mining company&#8217;s operations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Greenhouse gases (&#8220;GHGs&#8221;) are emitted directly by our operations, as well as by external utilities from which we purchase power. Currently, a number of international and national measures to address or limit GHG emissions, including the Kyoto Protocol, the Copenhagen Accord and the Durban Platform, are in various phases of discussion or implementation in the countries in which we operate. In particular, the Durban Platform commits all parties to the conference to develop a global mitigation regime which could take effect in 2020, with the specific terms of that legally binding accord, including individual targets, to be finalized by 2015. These, or future, measures could require us to reduce our direct GHG emissions or energy use or to incur significant costs for GHG emissions permits or taxes or have these costs or taxes passed on by electricity utilities which supply our operations. We could also incur significant costs associated with capital equipment, GHG monitoring and reporting and other obligations to comply with applicable requirements. For example, Australia implemented a carbon trading scheme commencing in July 2012, with a fixed carbon price through July 2015. Other countries, including South Africa, Brazil and the United States, have passed or are considering GHG trading or tax schemes, and/or other regulation of GHG emissions, though the precise impact on our operations cannot yet be determined.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, our operations could be exposed to a number of physical risks from climate change, such as changes in rainfall rates, rising sea levels, reduced water availability, higher temperatures and extreme weather events. Events or conditions such as flooding or inadequate water supplies could disrupt mining and transport operations, mineral processing and rehabilitation efforts, could create resource shortages and could damage our property or equipment and increase health and safety risks on site. Such events or conditions could have other adverse effects on our workforce and on the communities around our mines, such as an increased risk of food insecurity, water scarcity and prevalence of disease.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Our properties may be subject to uncertain title.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We cannot assure you that title to our properties will not be challenged. We own, lease or have under option, unpatented and patented mining claims, mineral claims or concessions which constitute our property holdings. The ownership and validity, or title, of unpatented mining claims and concessions are often uncertain and may be contested. Also, we may not have, or may not be able to obtain or economically obtain, all necessary surface rights to develop a property. Title insurance is generally not available for mineral properties and our ability to ensure that we have obtained a secure claim to individual mining properties or mining concessions may be severely constrained. We have not conducted surveys of all of the claims in which we hold direct or indirect interests. A successful claim contesting our title to a property will cause us to lose our rights to explore and, if warranted, develop that property or undertake or continue production thereon. This could result in us not being compensated for our prior expenditures relating to the property.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, certain of our properties are located in areas that were and are inhabited by indigenous people. If historical artifacts or archaeological sites are discovered on or near our properties, we may be prohibited or restricted from developing or mining our mineral properties or be required to relocate or preserve such findings.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 87 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Our insurance coverage does not cover all of our potential losses, liabilities and damages related to our business and certain risks are uninsured and uninsurable.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our business is subject to a number of risks and hazards generally, including adverse environmental conditions, industrial accidents, labor disputes, unusual or unexpected geological conditions, ground or slope failures, cave-ins, mechanical failures, changes in the regulatory environment and natural phenomena such as inclement weather conditions, fires, floods, hurricanes and earthquakes. Such occurrences could result in damage to mineral properties or production facilities, personal injury or death, environmental damage to our properties or the properties of others, delays in mining, monetary losses and possible legal liability.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Although we maintain insurance to protect against certain risks in such amounts as we consider reasonable, our insurance will not cover all of the potential risks associated with a mining company&#8217;s operations. We may also be unable to maintain insurance to cover these risks at economically feasible premiums. Insurance coverage may not continue to be available or may not be adequate to cover any resulting liability. Moreover, insurance against risks such as loss of title to mineral property, environmental pollution, or other hazards as a result of exploration and production is not generally available to us or to other companies in the mining industry on acceptable terms. We might also become subject to liability for pollution or other hazards which may not be insured against or which we may elect not to insure against because of premium costs or other reasons. Losses from these events may cause us to incur significant costs that could have a material adverse effect upon our financial performance and results of operations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Civil disobedience in certain of the countries where our properties are located could adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Acts of civil disobedience are common in certain of the countries where our properties are located. In recent years, many mining companies have been the targets of actions to restrict their legally-entitled access to mining concessions or property. Such acts of civil disobedience often occur with no warning and can result in significant direct and indirect costs. We cannot assure you that there will be no disruptions to site access in the future, which could adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Some of our operations are subject to significant safety and security risks.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We currently conduct operations in Argentina and have additional exploration projects in Mexico, Peru and other countries. As a result, we are exposed to various levels of safety and security risks which could result in injury, damage to property, work stoppages, or blockades of our mining operations. Some of our operations, including the Pitarrilla Project, are also located in areas where Mexican drug cartels operate. Risks and uncertainties vary from region to region and include, but are not limited to: terrorism, hostage taking, local drug gang activities, military repression, labor unrest and war or civil unrest. Local opposition to mine development projects could arise and such opposition may be violent. If we were to experience resistance or unrest in connection with our operations at the Pirquitas Mine or planned operations at the Pitarrilla Project, it could have a material adverse effect on its operations and profitability.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We may be required by human rights laws to take actions that delay the advancement of our projects.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Various international and national laws, codes, resolutions, conventions, guidelines and other materials relate to human rights (including rights with respect to health and safety and the environment surrounding our operations). Many of these materials impose obligations on government and companies to respect human rights. Some mandate that government consult with communities surrounding our projects regarding government actions that may affect local stakeholders, including actions to approve or grant mining rights or permits. The obligations of government and private parties under the various international and national materials pertaining to human rights continue to evolve and be defined. One or more groups of people may oppose our current and future operations or further development or new development of our projects or operations. Such opposition may be directed through legal or administrative proceedings or expressed in manifestations such as protests, roadblocks or other forms of public expression against our activities, and may have a negative impact on our reputation. Opposition by such groups to our operations may require modification of, or preclude the operation or development of, our projects or may require </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 88 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">us to enter into agreements with such groups or local governments with respect to our projects, in some cases causing considerable delays to the advancement of our projects.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We may be adversely affected by future fluctuations in foreign exchange rates.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We maintain our cash and cash equivalents primarily in U.S. dollars, Canadian dollars and Argentine pesos. Our revenues are in U.S. dollars, while certain of our costs will be incurred in other currencies. In particular, any appreciation in the currencies of Argentina, Mexico, Peru, Chile and Canada or other countries where we carry out exploration or development activities against the U.S. dollar will increase our costs of carrying on operations in such countries. With the operation of the Pirquitas Mine, our costs denominated in Argentine Pesos have increased over past levels, and we therefore have greater exposure to Argentine currency fluctuations. In addition, any decrease in the Canadian dollar or Argentine peso against the U.S. dollar will result in a loss on our books to the extent we hold funds in those currencies. As a result, our financial performance and forecasts may be significantly impacted by changes in foreign exchange rates.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">High metal prices in recent years have encouraged increased mining exploration, development and construction activity, which has increased demand for, and the cost of, exploration, development and construction services and equipment.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The relative strength of metal prices over the past six years has encouraged increases in mining exploration, development and construction activities around the world, which has resulted in increased demand for, and the cost of, exploration, development and construction services and equipment. While recent market conditions have had a moderating effect on the costs of such services and equipment, increases in such costs may continue with the resumption of an upward trend in metal prices. Increased demand for services and equipment could result in delays if services or equipment cannot be obtained in a timely manner due to inadequate availability, and may cause scheduling difficulties due to the need to coordinate the availability of services or equipment, any of which could materially increase project exploration, development and/or construction costs.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We face industry competition in the acquisition of exploration properties.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We compete with other exploration and production companies, many of which are better capitalized, have greater financial resources, operational experience and technical capabilities, or are further advanced in their development or are significantly larger and have access to greater Mineral Reserves than us, for the acquisition of mineral claims, leases and other mineral interests. </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We are dependent on our ability to recruit and retain qualified personnel and we could be subject to potential labour unrest or other labour disturbances.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The mining industry as a whole is experiencing a skills deficit and we continue to see increased competition for qualified skilled personnel at all of our operations/projects.&#160;&#160;The Pirquitas Mine will also be subject to these pressures and could increase costs of operating the mine or result in delays; to date we have not experienced any shortfalls or delays as a result of personnel. Expatriate employees will also be required in the early stages of the Pitarrilla Project. If we are unsuccessful in acquiring necessary additional mineral properties or qualified personnel, we will not be able to grow at the rate we desire, or at all.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Production at the Pirquitas Mine is dependent upon the efforts of our employees and our relations with them. In addition, relations with our employees may be affected by changes in the scheme of labour relations that may be introduced by the relevant governmental authorities in those jurisdictions in which we carry on business. Changes in such legislation or in the relationship with our employees may have a material adverse effect on our business, financial condition and results of operations. We could be subject to labour unrest or other labour disturbances in respect of the Pirquitas Mine, which could, while ongoing, have a material adverse effect on our business. For example, in March 2013 we experienced a temporary work stoppage at the Pirquitas Mine for 36 hours <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">due to union activity</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Import restrictions on equipment or supplies could adversely affect our ability to operate our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are dependent on various supplies and equipment to carry out our operations at the Pirquitas Mine. The Argentinian Government has introduced measures requiring local sourcing of equipment and supplies wherever possible. The shortage or poor quality of supplies, equipment and parts as a result of such restrictions could have a material adverse effect on our ability to carry out operations and therefore limit production or increase the cost thereof.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We may experience difficulty attracting and retaining qualified management to grow our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are dependent on the services of key executives and other highly skilled and experienced executives and personnel focused on advancing our corporate objectives as well as the identification of new opportunities for growth and funding. Due to our relatively small size, the loss of any of these persons or our inability to attract and retain suitable replacements for them or additional highly skilled employees required for the operation of the Pirquitas Mine and our other activities may have a material adverse effect on our business and financial condition.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 89 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We may fail to maintain adequate internal control over financial reporting pursuant to the requirements of the Sarbanes-Oxley Act.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During our six most recent fiscal years, we documented and tested our internal control procedures in order to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">SOX</font>&#8221;). SOX requires an annual assessment by management of the effectiveness of our internal control over financial reporting and, for fiscal years commencing with our fiscal year ended December 31, 2006, an attestation report by our independent auditors addressing the effectiveness of internal control over financial reporting. We may fail to maintain the adequacy of our internal control over financial reporting as such standards are modified, supplemented or amended from time to time, and we may not be able to conclude, on an ongoing basis, that we have effective internal control over financial reporting in accordance with Section 404 of SOX. Our failure to satisfy the requirements of Section 404 of SOX on an ongoing, timely basis could result in the loss of investor confidence in the reliability of our financial statements, which in turn could harm our business and negatively impact the trading price or the market value of our securities. In addition, any failure to implement required new or improved controls, or difficulties encountered in their implementation, could harm our operating results or cause us to fail to meet our reporting obligations. Future acquisitions of companies, if any, may provide us with challenges in implementing the required processes, procedures and controls in our acquired operations. No evaluation can provide complete assurance that our internal control over financial reporting will detect or uncover all failures of persons within our Company to disclose material information otherwise required to be reported. The effectiveness of our processes, procedures and controls could also be limited by simple errors or faulty judgments. In addition, as we continue to expand, the challenges involved in implementing appropriate internal control over financial reporting will increase and will require that we continue to monitor our internal control over financial reporting. Although we intend to expend substantial time and incur substantial costs, as necessary, to ensure ongoing compliance, we cannot be certain that we will be successful in complying with Section 404 of SOX.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Changes in the interpretation of deferred strip cost reporting standards could adversely affect our results of operations and profitability.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On January 1, 2012, we adopted IFRIC 20 as our strip cost reporting standard. IFRIC 20 is effective for annual periods beginning on or after January 1, 2013 with earlier application permitted. While we believe that our interpretation of IFRIC 20 is valid, we cannot assure you that it will be the accepted industry standard once IFRIC 20 is adopted and interpreted by more companies. If we are required to change our interpretation of IFRIC 20 as a result of developments in industry practice, our results of operations and profitability may be adversely affected.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We are subject to credit risk through our significant VAT receivable balance collectible from the government of Argentina.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are subject to credit risk through our significant value added tax (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">VAT</font>&#8221;) balance that is collectible from the government of Argentina. Due to legislative rules and a complex collection process, the Argentine VAT receivable is classified as non-current until it is approved by the government; thereafter, it is reclassified to current as we have greater certainty of the ability to collect within twelve months. As of December 31, 2012, our non-current VAT receivable balance was $35.8 million. Legislative changes in Argentina in October 2012 have further tightened controls over the VAT collection process and could have a negative impact on our ability to recover outstanding VAT balances.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We are subject to increased regulatory compliance costs relating to the Dodd-Frank Act.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Dodd-Frank Act</font>&#8221;) was enacted, representing an overhaul of the framework for regulation of U.S. financial markets. The Dodd-Frank Act calls for various regulatory agencies, including the SEC and the Commodities Futures Trading Commission, to establish regulations for implementation of many of the provisions of the Dodd-Frank Act. If we fail to comply with new laws, regulations and standards, regulatory authorities may initiate legal proceedings against us and our business may be harmed. Dodd-Frank also requires companies in the mining industry to disclose in their periodic reports filed with the SEC substantial additional information about safety issues relating to their mining operations. In December 2011, the SEC approved amendments to its rules implementing the mine safety disclosure requirements contained in the Dodd-Frank Act. This heightened scrutiny could generate negative publicity for the mining industry, increase the </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 90 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">cost of compliance with mining regulations or result in the passage of new laws and regulations, any of which could negatively affect our business results. We may also need to incur additional costs and invest additional resources, including management&#8217;s time, in order to comply with new regulations and additional reporting and disclosure obligations.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Some of our directors and officers may have conflicts of interest as a result of their involvement with other natural resource companies.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Some of our directors and officers are directors or officers of other natural resource or mining-related companies. Currently, John Smith, our Chief Executive Officer, serves as a director of Pretium, and, as of the date of this Annual Information Form, we own approximately 19.7% of Pretium&#8217;s outstanding common shares. These associations may give rise to conflicts of interest from time to time. As a result of these conflicts of interest, we may miss the opportunity to participate in certain transactions, which may have a material adverse effect on our financial position.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We are subject to claims and legal proceedings that arise in the ordinary course of business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are subject to various claims and legal proceedings covering a wide range of matters that arise in the ordinary course of business activities. Each of these matters is subject to various uncertainties and it is possible that some of these matters may be resolved unfavorably to us. We carry liability insurance coverage and establish reserves for matters that are probable and can be reasonably estimated. In addition, we may be involved in disputes with other parties in the future that may result in litigation, which may have a material adverse impact on our future cash flows, profitability, results of operations and financial condition.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Enforcement of judgments or bringing actions outside of Canada or the United States against us and our directors and officers may be difficult.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A substantial part of the assets of the Company are located outside of Canada and the United States and certain of the directors and officers of the Company are resident outside of Canada.&#160;&#160;In addition, the Company is organized under the laws of, and headquartered in, British Columbia, Canada, and a majority of its directors and officers are not citizens or residents of the United States.&#160;&#160;As a result, it may be difficult or impossible to (i) enforce judgments granted by a court in Canada against the Company&#8217;s assets or its directors or officers residing outside of Canada, (ii) enforce in courts outside the United States judgments against the Company and its directors and officers obtained in the United States or (iii) bring in courts outside the United States an original action against the Company and its directors and officers to enforce liabilities based upon U.S. laws. See &#8220;Enforceability of Civil Liabilities.&#8221;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">An event of default under our outstanding convertible notes may significantly reduce our liquidity and adversely affect our business.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the indenture governing our outstanding convertible notes, we have made various covenants to the trustees on behalf of the holders of such notes, including to make payments of interest and principal when due and, upon undergoing a fundamental change, to offer to purchase all of the outstanding convertible notes. We will make similar covenants under the indenture governing the notes offered hereby.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If there is an event of default under our convertible notes, the principal amount of such notes, plus accrued and unpaid interest, if any, may be declared immediately due and payable. If such an event occurs, this would place additional strain on our cash resources, which could inhibit our ability to further our exploration and development activities.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="risksrelatedtocommon">Risks Related to our Common Shares</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Future sales or issuances of equity securities could decrease the value of any existing common shares, dilute investors&#8217; voting power and reduce our earnings per share.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We may sell additional equity securities (including through the sale of additional securities convertible into common shares) and may issue additional equity securities to finance our operations, development, exploration, acquisitions </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 91 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">or other projects. We cannot predict the size of future sales and issuances of equity securities or the effect, if any, that future sales and issuances of equity securities will have on the market price of our common shares. Sales or issuances of a substantial number of equity securities, or the perception that such sales could occur, may adversely affect prevailing market prices for our common shares. With any additional sale or issuance of equity securities, investors will suffer dilution of their voting power and may experience dilution in our earnings per share.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Our common shares are publicly traded and are subject to various factors that have historically made our common share price volatile.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The market price of our common shares has experienced, and may continue to experience, significant volatility, which may result in losses to investors. Since January 1, 2009, the trading price of our common shares on the Nasdaq Global Market has ranged from a low of US$10.06 per share to a high of US$35.94 per share and on the Toronto Stock Exchange (&#8220;TSX&#8221;) has ranged from a low of C$10.18 per share to a high of C$34.17 per share. The market price of our common shares may increase or decrease in response to a number of events and factors, including: our operating performance and the performance of competitors and other similar companies; volatility in metal prices; the public&#8217;s reaction to our press releases on developments at the Pirquitas Mine, the Pitarrilla Project and our other properties, material change reports, other public announcements and our filings with the various securities regulatory authorities; changes in earnings estimates or recommendations by research analysts who track our common shares or the shares of other companies in the resource sector; changes in general economic and/or political conditions; the number of common shares to be publicly traded after an offering of our common shares; the arrival or departure of key personnel; acquisitions, strategic alliances or joint ventures involving us or our competitors; and the factors listed under the heading &#8220;Cautionary Notice Regarding Forward-Looking Statements.&#8221;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, the global stock markets and prices for mining company shares have experienced volatility that often has been unrelated to the operating performance of such companies. These market and industry fluctuations may adversely affect the market price of our common shares, regardless of our operating performance. The variables which are not directly related to our success and are, therefore, not within our control, include other developments that affect the market for mining company shares, the breadth of the public market for our common shares and the attractiveness of alternative investments. The effect of these and other factors on the market price of our common shares on the exchanges on which they trade has historically made our common share price volatile and suggests that our common share price will continue to be volatile in the future.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">We do not intend to pay any cash dividends in the foreseeable future.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have not declared or paid any dividends on our common shares since 1955. We intend to retain earnings, if any, to finance the growth and development of our business and do not intend to pay cash dividends on our common shares in the foreseeable future. Any return on an investment in our common shares will come from the appreciation, if any, in the value of our common shares. The payment of future cash dividends, if any, will be reviewed periodically by our board of directors and will depend upon, among other things, conditions then existing including earnings, financial condition and capital requirements, restrictions in financing agreements, business opportunities and conditions and other factors.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="dividends">DIVIDENDS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have not declared or paid any dividends on our common shares since 1955. We intend to retain earnings, if any, to finance the growth and development of our business and do not intend to pay cash dividends on our common shares in the foreseeable future.&#160;&#160;See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Risk Factors</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="descriptionofcapitalstructure">DESCRIPTION OF CAPITAL STRUCTURE</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our authorized share capital consists of an unlimited number of common shares, without par value, of which 80,747,767 common shares were issued and outstanding as at December 31, 2012.&#160;&#160;In addition, we had 2,023,563 common shares reserved for issuance pursuant to outstanding stock options, which were exercisable at a weighted average price of C$20.49 per share, as at December 31, 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 92 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="commonshares">Common Shares</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All of the common shares rank equally as to voting rights, participation in a distribution of our assets on a liquidation, dissolution or winding-up and the entitlement to dividends. The holders of the common shares are entitled to receive notice of, and to attend and vote at, all meetings of shareholders (other than meetings at which only holders of another class or series of shares are entitled to vote). Each common share carries with it the right to one vote.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the event of our liquidation, dissolution or winding-up or other distribution of our assets, the holders of the common shares will be entitled to receive, on a pro rata basis, all of the assets remaining after we have paid out our liabilities. Distributions in the form of dividends, if any, will be set by our board of directors. See &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Dividend Policy</font>.&#8221;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any alteration of the rights attached to common shares must be approved by at least two-thirds of the common shares voted at a meeting of our shareholders.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In March 2012, we adopted a shareholder rights plan (the &#8220;Rights Plan&#8221;). The Rights Plan is similar to shareholder rights plans adopted by other Canadian public companies and was not adopted in response to, or in anticipation of, any known take-over bid. A copy of the Rights Plan is available under our profile on SEDAR at www.sedar.com.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="stockoptions">Stock Options</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Stock options to purchase our securities are granted to our employees and, prior to July 1, 2008, directors on terms and conditions acceptable to the regulatory authorities in Canada. At our annual general meeting held on May 11, 2011, our shareholders approved a stock option plan that reserves 8.5% of our issued and outstanding shares for issuance on exercise of stock options, including previously granted stock options.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under our stock option plan, (a) the maximum number of shares reserved for issuance under the plan is 8.5% of our issued and outstanding shares, (b) stock options in favor of any one individual may not exceed 5% of the issued and outstanding common shares, (c) no stock option is transferable by the optionee other than by will or the laws of descent and distribution, (d) a stock option is exercisable during the lifetime of the optionee only by such optionee, (e) the maximum term of each stock option is ten years, with the vesting period determined at the discretion of the board of directors and (f) the minimum exercise price for a stock option is equal to the greater of the (i) closing price of our shares on the Toronto Stock Exchange on the day preceding the date of grant; and (ii) the volume weighted average trading price of the our common shares on the Toronto Stock Exchange, calculated by dividing the total value by the total volume of common shares traded, for the five trading days immediately preceding the granting of the option.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The number of stock options and the number of common shares subject to such stock options granted to officers and senior management as a group, to directors who are not officers or senior management as a group and employees and consultants as a group are set out below as at December 31, 2012. The exercise price of the stock options is stated in Canadian dollars.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 93 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="outstandingstockoptions">Outstanding Stock Options</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="middle" width="33%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Optionholders</font></div>
</td>
<td colspan="2" valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Outstanding</font></div>
</td>
<td valign="middle" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise Price</font></div>
</td>
<td valign="middle" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Expiry Date</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Officers and Senior Management</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$11.50</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 11, 2018</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$14.17</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 27, 2019</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">179,223</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$15.41</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 18, 2019</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">50,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$15.64</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November 17, 2018</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">500,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$17.38</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 13, 2020</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$17.47</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 31, 2019</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">74,300</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$23.14</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 27, 2018</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,667</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$23.57</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 15, 2019</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">85,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$24.61</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 14, 2019</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">127,500</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$24.41</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 16, 2019<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$28.78</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 9, 2018</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$28.98</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 28, 2018</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12,500</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$36.14</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 18, 2012<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Directors who are not Officers or Senior Management</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$29.02</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 7, 2013</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$36.14</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 18, 2012<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Employees and Consultants</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,801</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$11.50</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 11, 2018</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">54,334</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$24.41</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 16, 2019</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$17.38</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 13, 2020</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$26.55</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November 12, 2020</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,900</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$23.14</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 27, 2018</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">42,500</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$28.78</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 9, 2018</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$26.42</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 18, 2018</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">50,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$15.64</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November 17, 2018</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16,338</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$15.41</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 18, 2019</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$15.15</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 17, 2019</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">50,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$11.68</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 16, 2019</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="33%" style="BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15,000</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$12.73</font></div>
</td>
<td align="left" valign="top" width="21%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 17, 2019</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="33%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12,500</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$36.14</font></div>
</td>
<td align="left" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 18, 2012<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="33%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total:</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,023,563</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pursuant to the terms of a transition agreement between us and a previous member of management, 95,000 options were scheduled to expire during a blackout and therefore, in accordance with the terms of our stock option plan, were expired post blackout on January 25, 2013.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These options were scheduled to expire during a blackout and therefore, in accordance with the terms of our stock option plan, were expired post blackout on January 25, 2013.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="convertiblenotes">Convertible Notes</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.875% Convertible Senior Notes due 2033</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In January 2013, we issued US$250 million aggregate principal amount of 2.875% convertible senior notes due 2033.&#160;&#160;We closed an additional $15 million aggregate principal amount of 2.875% convertible senior notes due 2033 on February 13, 2013 pursuant to the partial exercise of the over-allotment option granted to the initial purchasers. The 2013 Notes were issued pursuant to an indenture dated as of January 16, 2013 (the &#8220;2013 Indenture&#8221;).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The 2013 Notes bear interest at 2.875% payable semi-annually in arrears on February 1 and August 1 of each year and are convertible by holders into our common shares, based on an initial conversion rate of 50 common shares per </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 94 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">US$1,000 principal amount of 2013 Notes, at any time up to and including the second business day immediately preceding March 1, 2033, subject to earlier redemption or purchase.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We may not redeem the 2013 Notes before February 1, 2018, except in the event of certain changes in Canadian tax law.&#160;&#160;On or after that date but before February 1, 2020, we may redeem all or part of the 2013 Notes for cash, but only if the last reported sale price of our common shares for 20 or more trading days in a period of 30 consecutive trading days ending on the trading day prior to the date we provide notice of redemption exceeds 130% of the conversion price in effect on each such trading day.&#160;&#160;The redemption price will be equal to the sum of (1) 100% of the principal amount of the 2013 Notes to be redeemed, (2) accrued and unpaid interest, if any, to, but excluding, the redemption date, and (3) a &#8220;make-whole premium&#8221;, payable in cash, equal to the present value of the remaining scheduled payments of interest that would have been made on the 2013 Notes to be redeemed had they remained outstanding until February 1, 2020.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On or after February 1, 2020, we may redeem the 2013 Notes, in whole or in part, for cash equal to 100% of the 2013 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Holders may require us to purchase all or a portion of their 2013 Notes on each of February 1, 2020, February 1, 2023, and February 1, 2028 for cash at a purchase price equal to 100% of the principal amount of the 2013 Notes to be purchased, plus accrued and unpaid interest, if any, to, but excluding, the purchase date.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the event of a fundamental change (as defined in the 2013 Indenture), we are required to offer to purchase all of the outstanding 2013 Notes at a purchase price in cash equal to 100% of the principal amount of the 2013 Notes to be purchased, plus any accrued and unpaid interest, if any, to, but excluding, the purchase date.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The 2013 Notes are our senior unsecured obligations and rank equally with all of our existing and future senior unsecured indebtedness.&#160;&#160;The 2013 Notes are effectively subordinated to all of our existing and future secured indebtedness and all existing and future liabilities of our subsidiaries, including trade payables.&#160;&#160;The 2013 Indenture does not restrict us from incurring further indebtedness including secured indebtedness.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The 2013 Indenture requires us to comply with certain reporting and other non-financial covenants.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="marketforsecurities">MARKET FOR SECURITIES</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="tradingpriceandvolume">Trading Price and Volume</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Our common shares are listed on the Nasdaq Global Market and the TSX under the trading symbols &#8220;SSRI&#8221; and &#8220;SSO,&#8221; respectively. The following table sets out the market price range and trading volumes of our common shares on the Nasdaq Global Market and the TSX for the periods indicated.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 95 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Nasdaq Global Market</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Year</font></font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">High</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Low</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Volume</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(US$)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(US$)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(no.&#160;of&#160;shares)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.53</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.83</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15,786,160</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.67</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.50</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14,554,295</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">October<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16.50</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.15</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,047,140</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">September<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16.92</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.51</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25,789,612</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.20</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.06</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,808,584</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.17</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.50</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16,104,984</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.38</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.54</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,252,862</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.75</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.06</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,167,343</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">April<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.53</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.93</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14,983,302</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17.51</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.23</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22,399,829</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18.34</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.68</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19,168,420</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January<font id="TAB1" style="MARGIN-LEFT: 12pt"></font></font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18.14</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.12</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23,490,314</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Toronto Stock Exchange</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td valign="bottom" width="50%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">High</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Low</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Volume</font></font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(C)</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left">&#160;</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(C)</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left">&#160;</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td colspan="2" valign="bottom" width="10%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(no. of shares)</font></div>
</td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.28</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.74</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,896,199</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.62</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.54</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,375,859</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">October&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16.16</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.82</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,764,073</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">September&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16.53</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.17</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,424,470</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.05</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.09</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,140,427</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.21</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.75</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,227,078</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.59</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.91</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,378,836</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.58</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.18</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,739,594</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">April&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.43</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.91</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,228,483</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17.24</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.25</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,031,394</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="#c6f4f9">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18.14</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.69</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,442,913</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr bgcolor="white">
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18.09</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.37</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,447,042</font></td>
<td nowrap valign="bottom" width="1%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 96 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="escrowedsecurities">ESCROWED SECURITIES AND SECURITIES SUBJECT TO</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="escrowedsecurities">CONTRACTUAL RESTRICTION ON TRANSFER</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table lists those of our securities that to our knowledge are held in escrow or subject to a contractual restriction on transfer as of the date of this Annual Information Form.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="middle" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Designation of class</font></div>
</td>
<td valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of securities that are</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">subject to a contractual restriction on transfer</font></div>
</td>
<td valign="middle" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Percentage of class</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="30%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">178,000</font></div>
</td>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.22</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note:</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td align="right" style="WIDTH: 18pt">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td align="left">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">In connection with our issuance of the 2013 Notes, we and certain of our directors and officers </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">specified by the initial purchasers </font>agreed not to transfer our common shares, or securities convertible into or exchangeable or exercisable for our common shares, for a period of 90 days from the offering of the 2013 Notes.&#160; The restriction ends on April 11, 2013.&#160; The depository for the 2013 Notes is the Depository Trust Company.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="directorsandexecutiveofficers">DIRECTORS AND EXECUTIVE OFFICERS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The names, positions or offices held with us, province/state and country of residence, and principal occupation of our directors and executive officers as at March 14, 2013 are set out below. In addition, the principal occupations of each of our directors and executive officers within the past five years are disclosed in their brief biographies.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at March 14, 2013, our directors and executive officers as a group, beneficially owned, directly or indirectly, or exercised control or direction over 175,000 of our common shares, representing approximately 0.22% of our issued and outstanding shares.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The term of our directors expires at the annual general meeting of shareholders where they can be nominated for re<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8208;</font>election. The officers hold their office at the discretion of the board, but typically on an annual basis, after the annual general meeting, the directors pass resolutions to appoint officers and committees.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="directors">Directors</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">A.E. Michael Anglin &#8211; California, U.S.A. (Director since August 7, 2008; Independent)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Anglin is the Chair of our Corporate Governance and Nominating and Compensation Committees, and a member of our Audit and Safety and Sustainability Committees. Mr. Anglin has been a member of our board of directors since August 2008. Mr. Anglin graduated with a Bachelor of Science (Honours) degree in Mining Engineering from the Royal School of Mines, Imperial College London in 1977 and attained a Master of Science degree from Imperial College London in 1985. Mr. Anglin spent 22 years with BHP Billiton Ltd. (&#8220;BHP Billiton&#8221;), most recently serving as Vice President Operations and Chief Operating Officer of the Base Metals Group based in Santiago, Chile, before retiring in 2008. As a senior executive at BHP Billiton and as our interim CEO, Mr. Anglin (i) was involved in analysis, reviews and decisions involving financial statements, accounting policies and changes to accounting policies, (ii) worked with auditors, both internal and external, on reviewing financial statements, tax statements and internal controls and had ultimate responsibility for their outcomes, and (iii) reported to Risk Management and Audit Committees on relevant issues.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Richard C. Campbell &#8211; British Columbia, Canada (Director since August 7, 2008; Independent)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Campbell is the Chair of our Safety and Sustainability Committee and a member of the Corporate Governance and Nominating and Compensation Committees. Mr. Campbell has been a member of our board of directors since August 2008. Mr. Campbell graduated with a Bachelor of Science (Honours) degree in Geology from Glasgow University in 1969. He spent the following 32 years with British Petroleum (&#8220;BP&#8221;), most recently serving as President of BP Alaska before retiring in 2001. Mr. Campbell was awarded membership of the Order of British Empire (MBE) by Queen Elizabeth II in 1994 for his contribution to British commercial interests in Colombia while serving as President of BP in Colombia.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 97 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gustavo A. Herrero &#8211; Buenos Aires, Argentina (Director since January 8, 2013; Independent)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Herrero was appointed to the Board of Directors in January 2013 and is a member of our Audit Committee and our Corporate Governance and Nominating Committee.&#160;&#160;He is the Executive Director of the Latin America Research Center (LARC) for Harvard Business School, located in Buenos Aires. Prior to joining the LARC in 1999, he was the Chief Executive Officer of IVA S.A., Argentina's largest wool textile mill, and of Zucamor S.A./Papel Misionero S.A., Argentina's leading paper and packaging manufacturer. Mr. Herrero serves on the Board of Directors of Zucamor S.A. in Buenos Aires and of Mobile Financial Services Holding, a joint venture of Telefonica International and MasterCard, in Brussels. He sits on the advisory boards of business schools in Brazil, Venezuela, Peru and Argentina. He also sits on the advisory boards of the Centro de Implementaci&#243;n de Pol&#237;ticas P&#250;blicas para la Equidad y el Crecimiento (CIPPEC) and the Fundaci&#243;n Red de Acci&#243;n Pol&#237;tica (RAP), both non-governmental organizations in Argentina. Mr. Herrero holds an MBA from Harvard Business School, where he was a Fulbright Scholar, and a degree of Licenciado en Administraci&#243;n de Empresas from the Universidad Argentina de la Empresa.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Richard D. Paterson &#8211; California, U.S.A. (Director since August 7, 2008; Independent)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Paterson is the Chair of our Audit Committee and the Chair of our Compensation Committee. Mr. Paterson has been a member of our board of directors since August 2008. Mr. Paterson graduated from Concordia University, Montreal with a Bachelor of Commerce degree in 1964. Mr. Paterson has been a Managing Director of Genstar Capital, a private equity firm specializing in leveraged buyouts, since 1988. Before founding Genstar Capital, Mr. Paterson served as Senior Vice President and Chief Financial Officer of Genstar Corporation, a NYSE-listed company, where he was responsible for finance, tax, information systems and public reporting.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Steven P. Reid &#8211; British Columbia, Canada (Director since January 8, 2013; Independent)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Reid was appointed to our Board of Directors in January 2013 and is a member of our Compensation Committee and our Safety and Sustainability Committee.&#160;&#160;He has over 35 years of international business experience, including senior leadership roles in Mexico and South America. He held the position of Chief Operating Officer of Goldcorp Inc. ("Goldcorp") from January 2007 until his retirement in September, 2012. He also served Goldcorp as Executive Vice President, Canada and USA. Prior to joining Goldcorp, Mr. Reid spent 13 years at Placer Dome Inc. in numerous corporate, mine management and operating roles, including Country Manager for Canadian operations. Mr. Reid has also held leadership positions at Kingsgate Consolidated and Newcrest Mining Limited, where he was responsible for running operations throughout Asia and Australia. Mr. Reid holds a Bachelor of Science degree in Mineral Engineering from the South Australian Institute of Technology.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">John Smith &#8211; British Columbia, Canada (Director since August 6, 2010; Not Independent)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Smith is our President and Chief Executive Officer and a member of our board of directors. He is responsible for our day to day operations as well as strategic planning and the raising of capital to fund our operations. We have employed Mr.&#160;Smith as our President since August 2010 and have entered into an employment agreement with him. Mr. Smith has over 30 years of varied experience in the resources industry. He started his career in the North Sea oil industry and spent the 18 years prior to joining Silver Standard with BHP Billiton, most recently as Vice President, Resourcing and Development, based in Melbourne, Australia. He has worked in various operational, strategic, M&amp;A, and commercial roles within BHP Billiton, including over three years as CEO of the BHP Billiton Mitsubishi Alliance, which operates one of the world&#8217;s largest coal operations in the Bowen Basin of Queensland, consisting of nine mines, a port, and 4,000 employees. Under his leadership, four of the mines completed significant expansion projects, one new mine was brought into operation, and a tenth mine was developed to within a year of production. He has a BA, Commerce degree from Robert Gordon University in Aberdeen, Scotland, and an MBA from Aberdeen University (Distinction).</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Peter W. Tomsett - British Columbia, Canada (Director since November 7, 2006; Independent)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Tomsett is the Chair of our Board and a member of our Corporate Governance and Nominating Committee. Mr. Tomsett has been a member of our board of directors since November 2006. Mr. Tomsett graduated with a Bachelor of Engineering (Honours) degree in Mining Engineering from the University of New South Wales, later attaining a Master of Science (Distinction) degree in Mineral Production Management from Imperial College London. Mr. </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 98 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Tomsett spent 20 years at Placer Dome Inc., most recently serving as President and Chief Executive Officer until its acquisition by Barrick Gold Corporation.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="officers">Officers</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ron Burk - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Burk is our Vice President, Exploration.&#160;&#160;He has over 20 years of experience as a professional geologist, and has designed and supervised exploration programs in Canada, Mexico, Peru, Argentina and Brazil. Prior to joining Silver Standard as Chief Geoscientist in 2004, he spent 15 years working for Teck Resources as a geologist in various international projects. Mr. Burk holds a Bachelor of Geological Engineering from the University of Toronto and a Master of Science in Engineering from Queen's University.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">W. John DeCooman - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. DeCooman is our Vice President, Business Development and Strategy. His experience prior to joining Silver Standard in 2009 includes over 15 years of mining project finance and advisory responsibilities at Candente Resource Corporation, Deutsche Bank, Alex Brown and Standard Bank, as well as corporate positions in finance, business development and exploration. Mr. DeCooman holds a Bachelor of Science degree from The Pennsylvania State University and a Master of Science degree from the Colorado School of Mines.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Keenan Hohol - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Hohol is our Vice President, Legal and General Counsel. Prior to joining Silver Standard, he was Vice President, Interim General Counsel and Corporate Secretary of Walter Energy Inc. (&#8220;Walter Energy&#8221;). Prior to that he served as the Vice President of Legal, Canadian and European Operations for Walter Energy, Global Head of Legal for Western Coal Corporation until its acquisition by Walter Energy, General Counsel &#8211; Minerals Exploration for BHP Billiton, and was in private practice with several global law firms, including Fasken Martineau DuMoulin (Vancouver), Cravath Swaine &amp; Moore (New York), and Baker &amp; McKenzie (Toronto and Kyiv). Mr. Hohol holds a Juris Doctor degree from the University of British Columbia, and M.A. and B.A. (special) degrees from the University of Alberta.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gregory J. Martin - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Martin has served as our Senior Vice President and Chief Financial Officer since January 2012. Before joining Silver Standard, Mr. Martin served as Vice President, Business Development and Treasurer for NovaGold Resources Inc. Prior to that, Mr. Martin held executive financial roles with Finning International Inc., Zincore Metals Inc. and Placer Dome Inc. Mr. Martin is a Certified General Accountant, holds an MBA from the University of Western Ontario&#8217;s Ivey School of Business and is a graduate of the University of British Columbia with a B.A.Sc. in Civil Engineering.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Alan N. Pangbourne - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Pangbourne is our Senior Vice President, Projects.&#160;&#160;Before joining Silver Standard, Mr. Pangbourne was the Vice President Projects, South America, at Kinross Gold Corporation.&#160;&#160;Prior to this, he held a number of senior project roles at BHP Billiton, including President and Chief Operating Officer of Cerro Matoso, BHP Billiton&#8217;s nickel business in Colombia. He was also the Projects Director for BHP Billiton&#8217;s Uranium Division, which includes the Olympic Dam Expansion, and Project Manager for BHP Billiton&#8217;s Spence copper project in Chile. Mr. Pangbourne holds a Bachelor of Applied Science (Extractive Metallurgy) and a Graduate Diploma in Mineral Processing from the Western Australian School of Mines.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Andrew Sharp - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Sharp is our Vice President, Technical Services. He has over 25 years of experience in the mining industry covering 8 countries and 5 continents. Prior to joining Silver Standard, Mr. Sharp held positions with Great Panther, Pan American Silver, Ok Tedi Mining and Worsley Alumina among others. Over the last 15 years he has held </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 99 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">management roles in the areas of mine engineering, grass roots and brown fields exploration, metallurgical studies and plant design, UG mining, open cut mining, and site general management.&#160;&#160;His later experience has centered on site management roles and project evaluation. Mr. Sharp graduated with honors from the Kalgoorlie School of Mines with a degree in mine engineering.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">David L. Smith - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Smith has served as our Vice President, Human Resources since December 2009. Prior to joining Silver Standard, Mr. Smith held the position of Director of Human Resources &#8211; Russia for Kinross Gold Corporation. Mr. Smith has also held management positions with Barrick Gold Corporation and Motorola Inc. Mr. Smith holds a Bachelor of Arts degree from Brock University.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Edward Kirwan - British Columbia, Canada</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Kirwan is our Vice President, Environment and Community Relations. He has over 28 years of experience in the mining industry, of which 20 years were spent in the environmental field. Prior to joining Silver Standard, Mr. Kirwan was the VP-Environmental at KGHM International for 7 years. During his career, he has been involved in the permitting, development, management, and closure of mines as well as community relations and sustainable development in 10 countries on four continents. Mr. Kirwan obtained his Bachelor of Science in Environmental Science (Biology Emphasis) from Northern Arizona University.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="standingcommittees">Standing Committees of the Board</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are currently four standing committees of our Board of Directors: the Audit Committee, the Compensation Committee, the Corporate Governance and Nominating Committee, and the Safety and Sustainability Committee.&#160;&#160;The following table identifies the members of each of these committees:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="center">
<table cellpadding="0" cellspacing="0" width="95%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">BOARD COMMITTEE</font></div>
</td>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">COMMITTEE MEMBERS</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">STATUS</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit Committee</font></div>
</td>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard D. Paterson (Chair)</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A.E. Michael Anglin</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gustavo A. Herrero</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensation Committee</font></div>
</td>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard D. Paterson</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard C. Campbell</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Steven P. Reid</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Corporate Governance and Nominating Committee</font></div>
</td>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A.E. Michael Anglin</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard C. Campbell</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gustavo A. Herrero</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peter Tomsett</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr bgcolor="white">
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Safety and Sustainability Committee</font></div>
</td>
<td valign="top" width="20%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard C. Campbell</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A.E. Michael Anglin</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Steven P. Reid</font></div>
</td>
<td valign="top" width="18%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 100 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
<font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="codeofethics">Code of Ethics</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We have adopted a &#8220;code of ethics&#8221; (as that term is defined in Form 40-F), entitled the &#8220;Code of Business Conduct&#8221; (the &#8220;Code of Conduct&#8221;), that applies to our principal executive officer, principal financial officer and other senior financial officers performing similar functions. The Code of Conduct is available for viewing on our website at <font style="TEXT-DECORATION: underline">www.silverstandard.com</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2012, there were no waivers, including implicit waivers, or amendments granted from any provision of our Code of Conduct.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="ceasetradeorders">Cease Trade Orders or Bankruptcies</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No director or executive officer of ours is, as at the date of this Annual Information Form, or was within 10 years before the date of this Annual Information Form, a director, chief executive officer or chief financial officer of any company (including Silver Standard), that:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">was subject to an order that was issued while the director or executive officer was acting in the capacity as director, chief executive officer or chief financial officer; or</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">was subject to an order that was issued after the director or executive officer ceased to be a director, chief executive officer or chief financial officer and which resulted from an event that occurred while that person was acting in the capacity as director, chief executive officer or chief financial officer.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the purposes of this subsection (a), &#8220;order&#8221; means a cease trade order, an order similar to a cease trade order or an order that denied the relevant company access to any exemption under securities legislation, and in each case that was in effect for a period of more than 30 consecutive days.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other than as disclosed below, no director or executive officer of Silver Standard, or a shareholder holding a sufficient number of our securities of Silver Standard to affect materially control of Silver Standard:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">is, as at the date of this Annual Information Form, or has been within the 10 years before the date of this Annual Information Form, a director, chief executive officer or chief financial officer of any company (including Silver Standard) that, while that person was acting in that capacity, or within a year of that person ceasing to act in that capacity, become bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency or was subject to or instituted any proceedings, arrangement or compromise with creditors or had a receiver, receiver manager or trustee appointed to hold its assets; or</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">has, within the 10 years before the date of this Annual Information Form, become bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency, or was subject to or instituted any proceedings, arrangement or compromise with creditors, or had a receiver, receiver manager or trustee appointed to hold the assets of the director, executive officer or shareholder.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Paterson was a director of a private company, Propex Inc., which filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code in 2008.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="penaltiesorsanctions">Penalties or Sanctions</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No director or executive officer of Silver Standard, or a shareholder holding a sufficient number of our securities to affect materially the control of Silver Standard, has been subject to:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 101 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any penalties or sanctions imposed by a court relating to securities legislation or by a securities regulatory authority or has entered into a settlement agreement with a securities regulatory authority;&#160;or</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any other penalties or sanctions imposed by a court or regulatory body that would likely be considered important to a reasonable investor in making an investment decision regarding Silver Standard.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="conflictsofinterest">Conflicts of Interest</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Certain of our directors and officers are directors or officers of other natural resource or mining related companies.&#160;&#160;As of the date of this Annual Information Form, John Smith, our Chief Executive Officer, serves as a director of Pretium and we own approximately 19.7% of Pretium&#8217;s outstanding common shares.&#160;&#160;These associations may give rise to conflicts of interest from time to time.&#160;&#160;As a result of these conflicts of interest, we may miss the opportunity to participate in certain transactions, which may have a material adverse effect on our financial position.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="auditcommittee">AUDIT COMMITTEE</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Audit Committee has the responsibility of, among other things, recommending our independent auditor to the Board; determining the extent of involvement of the independent auditor in reviewing unaudited quarterly financial results; evaluating the qualifications, performance and independence of the independent auditor; reviewing and recommending approval to the Board of our annual and quarterly financial results and management discussion and analysis and overseeing the establishment of &#8220;whistle-blower&#8221; and related procedures. The full text of the Audit Committee Charter is attached hereto as Schedule &#8220;A&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="compositionofauditcom">Composition of the Audit Committee</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All members of the Audit Committee are independent and considered to be financially literate within the meaning of National Instrument&#160;52-110 &#8212; <font style="FONT-STYLE: italic; DISPLAY: inline">Audit Committees</font> (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">NI 52-110</font>&#8221;).&#160;&#160;The members of the Audit Committee are: Richard D. Paterson (Chair), Gustavo A. Herrero and A.E. Michael Anglin.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For more information regarding relevant education and experience for Messrs. Paterson, Herrero and Anglin, see &#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">Directors and Executive Officers</font>&#8221;.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="auditcommitteeoversight">Audit Committee Oversight</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At no time since the commencement of our most recently completed financial year was a recommendation of the Audit Committee to nominate or compensate an external auditor not adopted by our Board of Directors.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="relianceoncertain">Reliance on Certain Exemptions</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At no time since the commencement of our most recently completed financial year have we relied on the exemption in Section&#160;2.4 of NI&#160;52-110 (De Minimis Non-audit Services) or an exemption from NI&#160;52-110, in whole or in part, granted under Part&#160;8 of NI&#160;52-110.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="preapprovalpolicies">Pre-Approval Policies and Procedures</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Audit Committee pre-approves all audit services to be provided to us by our independent auditors.&#160;&#160;The Audit Committee&#8217;s policy regarding the pre-approval of non-audit services to be provided to us by our independent auditors is that all such services shall be pre-approved by the Audit Committee.&#160;&#160;Non-audit services that are prohibited to be provided to us by our independent auditors may not be pre-approved.&#160;&#160;In addition, prior to the granting of any pre-approval, the Audit Committee must be satisfied that the performance of the services in question will not compromise the independence of the independent auditors.&#160;&#160;All non-audit services performed by our auditors for the fiscal year ended December&#160;31, 2012 have been pre-approved by our Audit Committee.&#160;&#160;No non-audit services were approved pursuant to the <font style="FONT-STYLE: italic; DISPLAY: inline">de&#160;minimis</font> exemption to the pre-approval requirement.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 102 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-VARIANT: small-caps; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="externalauditor">External Auditor Service Fees</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The aggregate fees billed by our external auditors, PricewaterhouseCoopers LLP, in each of the last financial years are as follows:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial Year Ending</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit Fees<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit Related Fees<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tax Fees<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">All Other Fees</font></div>
</td>
</tr><tr bgcolor="#c6f4f9">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$514,929</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$61,000</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">--</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">--</font></div>
</td>
</tr><tr bgcolor="white">
<td valign="top" width="20%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$523,495</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$105,709</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">--</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 1.5pt solid; BORDER-RIGHT: black 1.5pt solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">--</font></div>
</td>
</tr></table>
</div>

<div>
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notes:</font></div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The aggregate audit fees billed.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The aggregate fees billed for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements which are not included under the heading &#8220;Audit Fees&#8221;.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(3)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The aggregate fees billed for professional services rendered for tax compliance, tax advice and tax planning.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(4)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The aggregate fees billed for products and services other than as set out under the headings &#8220;Audit Fees&#8221;, &#8220;Audit Related Fees&#8221; and &#8220;Tax Fees&#8221;.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(5)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All audit and non-audit services performed by the external auditor during our two most recently completed financial years were pre-approved by the Audit Committee.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="legalproceedings">LEGAL PROCEEDINGS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We entered into the Fiscal Agreement with the Federal Government of Argentina in 1998 for production from the Pirquitas Mine. In December 2007, the DNA levied an export duty of approximately 10% from concentrates for projects with fiscal stability agreements pre-dating 2002. The Federal Government asserts that the Pirquitas Mine is subject to this export duty despite contrary rights detailed under the Fiscal Agreement. We have challenged the legality of the export duty applied to silver concentrate and the matter is currently under review by the Federal Court in Argentina. The Federal Court (Jujuy) granted an injunction in our favor effective September 29, 2010 that prohibited the Federal Government from withholding the 10% export duty on silver concentrates pending the decision of the courts. The Federal Court of Appeal (Salta) upheld the injunction in December 2012; however, the Federal Government has appealed this decision to the Federal Supreme Court of Argentina. The Federal Government has also appealed the refund we claimed for the export duties paid before the injunction, as well as matters of procedure related to the uncertainty of the amount reclaimed.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As of December 31, 2012 the Pirquitas Mine has paid $6.6 million in export duties against which it has filed for recovery. In accordance with the injunction, we have not been paying export duties on silver concentrate but continue to accrue duties in full until the outcome of the claim is known with certainty. At December 31, 2012, we had an accrued liability totaling $35.8 million, with a corresponding impact on cost of sales in the relevant period. If this export duty is successfully overturned, the benefit will be recognized in the Consolidated Statement of Income (Loss) for the full amount of paid and unpaid duty in the period that recovery becomes virtually certain.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="interestofmanagement">INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No director, executive officer or shareholder holding on record or beneficially, directly or indirectly, more than 10% of our issued shares, or any of their respective associates or affiliates has any material interest, direct or indirect, in any transaction in which we have participated prior to the date of this Annual Information Form, or in any proposed transaction, which has materially affected or will materially affect us.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="transferagentandregistrar">TRANSFER AGENT AND REGISTRAR</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The transfer agent and registrar for the Common Shares is Computershare Investor Services Inc. at its offices in Toronto, Ontario and Vancouver, British Columbia.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 103 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="materialcontracts">MATERIAL CONTRACTS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except for contracts entered into in the ordinary course of business, the only material contracts that we have entered in the financial year ended December 31, 2012, or before the last financial year but still in effect, are as follows:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shareholder Rights Plan Agreement dated March 9, 2012 between Silver Standard Resources Inc. and Computershare Investor Services Inc.; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2013 Indenture.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Copies of the above material contracts are available under our profile on the SEDAR website at www.sedar.com.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="interestsofexperts">INTERESTS OF EXPERTS</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following persons referred have been named as having prepared or certified a report, valuation, statement or opinion described or included in a filing, or referred to in a filing, made under NI 51-102 during, or relating to, our financial year ended December 31, 2012: Andrew W. Sharp, BEng., FausIMM, Jeremy D. Vincent, B.Sc. (Hons), P.Geo., Kelly G. Boychuk, MBA, P.Eng., Dawn H. Garcia, P.G., C.P.G., Gilles Arseneau, Ph.D., P.Eng., Wardrop Engineering Inc., Warwick S. Board, P.Geo., R. Bruce Kennedy, P.E., Trevor J. Yeomans, B.Sc. (Hons), ASCM, P.Eng., Christopher E. Kaye, FAusIMM, Clinton Strachan, P.E., Steve L. Milne, P.E., Michael J. Lechner, P.Geo., Donald F. Earnest, P.G., Robert M. Robb, P.E., James A. McCrea, B.Sc., P. Geo., Mark G. Stevens, CPG, Snowden Mining Industry Consultants Inc., C. Stewart Wallis, P. Geo. and Roscoe Postle Associates Inc.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">None of the foregoing persons, or any director, officer, employee or partner thereof, as applicable, received or has received a direct or indirect interest in our property or the property of any of our associates or affiliates. The foregoing persons held an interest in either less than 1% or none of our securities or the securities of any associate or affiliate of ours when they prepared the reports, the Mineral Reserves estimates and the Mineral Resources estimates referred to herein and after the preparation of such reports and estimates, and they did not receive any direct or indirect interest in any of our securities or the securities of any associate or affiliate of ours in connection with the preparation of such reports or estimates. Neither the aforementioned persons, other than Andrew W. Sharp, Jeremy D. Vincent, Kelly G. Boychuk, Trevor J. Yeomans and R. Bruce Kennedy (each an employee of ours), nor any director, officer, employee or partner, as applicable, of the aforementioned companies or partnerships is currently expected to be elected, appointed or employed as a director, officer or employee of us or of any associate or affiliate of us.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">PricewaterhouseCoopers LLP, Chartered Accountants, provided an auditor&#8217;s report dated February 28, 2013 in respect of our financial statements for the year ended December 31, 2012.&#160;&#160;PricewaterhouseCoopers LLP has advised us that they are independent with respect to Silver Standard in accordance with the Rules of Professional Conduct of the Institute of Chartered Accountants of British Columbia </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and within the meaning of PCAOB Rule 3520, Auditor Independence</font>.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 104 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="additionalinfo">ADDITIONAL INFORMATION</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additional information, including that relating to directors&#8217; and officers&#8217; remuneration, principal holders of our securities and securities authorized for issuance under equity compensation plans, interests of insiders in material transactions and corporate governance practices, is contained in our management information circular for the annual general meeting of shareholders held on May 9, 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additional financial information is provided in our audited consolidated financial statements and management&#8217;s discussion and analysis for the year ended December 31, 2012, which are available under our profile on the SEDAR website at www.sedar.com.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additional information relating to us is available under our profile on the SEDAR website at www.sedar.com.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated March 15, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>&#160;</div>

<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="30%">
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">BY ORDER OF THE BOARD OF DIRECTORS</font></font></div>
</td>
<td width="10%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="30%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="10%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="30%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8220;<font style="FONT-STYLE: italic; DISPLAY: inline">John Smith</font>&#8221;</font></font></div>
</td>
<td width="10%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="30%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="10%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="30%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">John Smith</font></font></div>
</td>
<td width="10%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="30%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></font></div>
</td>
<td width="10%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div>&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 105 -</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="schedulea">SCHEDULE A</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="schedulea">AUDIT COMMITTEE CHARTER</a></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Purpose</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Audit Committee (the &#8220;Committee&#8221;) is appointed by the Board of Directors (the &#8220;Board&#8221;) of Silver Standard Resources Inc. (&#8220;Silver Standard&#8221;) to assist the Board in monitoring:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the integrity of the financial statements of Silver Standard;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the independent auditor&#8217;s qualifications and independence;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(3)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the performance of Silver Standard&#8217;s internal audit function and independent auditors; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(4)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the compliance by Silver Standard with legal and regulatory requirements.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Membership</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The members of the Committee shall be appointed by the Board.&#160;&#160;The Committee shall be composed of not less than three members of the Board.&#160;&#160;Each member of the Committee shall be &#8220;independent&#8221; in accordance with applicable law, including the rules and regulations of the Securities and Exchange Commission, the rules of the Nasdaq Stock Market and the instruments of the Canadian Securities Administrators, or available exemptions therefrom.&#160;&#160;All of the members of the Committee shall also meet the experience requirements of the <font style="FONT-STYLE: italic; DISPLAY: inline">Securities Exchange Act of 1934</font> (the &#8220;Exchange Act&#8221;) and the rules and regulations of the Securities and Exchange Commission.&#160;&#160;At least one member of the Committee shall be a &#8220;financial expert&#8221; as defined by the Securities and Exchange Commission, unless otherwise determined by the Board.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Chair of the Committee shall be designated by the Board.&#160;&#160;Committee members serve at the pleasure of the Board, and Committee members may be replaced by the Board.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Meetings</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Committee shall meet as often as it determines, but not less frequently than quarterly, unless otherwise determined by the Board.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Meetings may be with representatives of the independent auditors, and appropriate members of management, all either individually or collectively as may be required by the Committee.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The independent auditors will have direct access to the Committee at their own initiative.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Committee will report periodically its findings and recommendations to the Board.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Authority and Responsibilities</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Responsibilities and powers of the Committee include:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Annual review and revision of this Charter as necessary with the approval of the Board.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Determining, as a committee of the Board, the selection, appointment, evaluation, fees and, if necessary, replacement of the independent auditors, subject to the approval of the shareholders of Silver Standard.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Approving the appropriate audit engagement fees and the funding for payment of the independent auditors&#8217; compensation and any advisors retained by the Committee.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A-1</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Ensuring that the auditors report directly to the Committee and are made accountable to the Committee and the Board, as representatives of the shareholders to whom the auditors are ultimately responsible.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Confirming the independence of the auditors, which will require receipt from the auditors of a formal written statement delineating all relationships between the auditors and Silver Standard and any other factors that might affect the independence of the auditors and reviewing and discussing with the auditors any significant relationships and other factors identified in the statement. The Committee will report to the Board its conclusions on the independence of the auditors and the basis for these conclusions.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Ensuring that the independent auditors are prohibited from providing the following non-audit services and determining which other non-audit services the independent auditors are prohibited from providing:</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">bookkeeping or other services related to the accounting records or financial statements of Silver Standard;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">financial information systems design and implementation;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">appraisal or valuation services, fairness opinions, or contribution-in-kind reports;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">actuarial services;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">internal audit outsourcing services;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">management functions or human resources;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">broker or dealer, investment adviser or investment banking services;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">legal services and expert services unrelated to the audit; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any other services which the Public Company Accounting Oversight Board and Canadian Public Accountability Board determine to be impermissible.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Preapproving any permissible non-audit engagements of the independent auditors, subject to the de minimus exceptions for non-audit services described in Section 10A(i)(1)(B) (see Appendix B) of the Exchange Act which are approved by the Committee prior to the completion of the audit.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Meeting with the auditors and financial management of Silver Standard to review the scope of the proposed audit for the current year, and the audit procedures to be used.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Reviewing with management and the independent auditors:</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Silver Standard&#8217;s annual financial statements and related footnotes, management&#8217;s discussion and analysis and the annual information form, for the purpose of recommending approval by the Board prior to its release, and ensuring that:</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 90pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#167;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">management has reviewed the audited financial statements with the Committee, including significant judgments affecting the financial statements;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 90pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#167;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the members of the Committee have discussed among themselves, without management or the independent auditors present, the information disclosed to the Committee;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 90pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">&#167;</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Committee has received the assurance of both financial management and the independent auditors that Silver Standard&#8217;s financial statements are fairly presented in conformity with Canadian generally accepted accounting standards (&#8220;GAAP&#8221;), and as of</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A-2</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 90pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2011, the International Financial Reporting Standards (&#8220;IFRS&#8221;) in all material respects, including a reconciliation of significant measurement differences between Canadian and United States GAAP;</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any significant changes required in the independent auditors&#8217; audit plan and any serious issues with management regarding the audit; and</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">o</font></font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other matters related to the conduct of the audit that are to be communicated to the Committee under GAAP or IFRS, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Reviewing with the independent auditors and management the adequacy and effectiveness of the financial and accounting controls of Silver Standard.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Establishing procedures: (i) for receiving, handling and retaining of complaints received by Silver Standard regarding accounting, internal controls, or auditing matters, and (ii) for employees to submit confidential anonymous concerns regarding questionable accounting or auditing matters.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Reviewing with the independent auditors any audit problems or difficulties and management&#8217;s response and resolving disagreements between management and the auditors.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Making inquires of management and the independent auditors to identify significant business, political, financial and control risks and exposures and assess the steps management has taken to minimize such risk to Silver Standard.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Assessing the overall process for identifying principal business, political, financial and control risks and providing its views on the effectiveness of this process to the Board.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Ensuring that the disclosure of the process followed by the Board and its committees, in the oversight of Silver Standard&#8217;s management of principal business risks, is complete and fairly presented.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Reviewing of confirmation of compliance with Silver Standard&#8217;s policies on internal controls, conflicts of interests, ethics, foreign corrupt practice, etc.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Reviewing with financial management and, to the extent it deems necessary or appropriate, the independent auditors interim financial information for the purpose of recommending approval by the Board prior to its release.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At least annually obtaining and reviewing a report prepared by the independent auditors describing (i) the auditors&#8217; internal quality-control procedures; and (ii) any material issues raised by the most recent internal quality-control review, or peer review, of the auditors, or by any inquiry of investigation by governmental or professional authorities, within the preceding five years, respecting one or more independent audits carried out by the auditors, and any steps taken to deal with any such issues.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Setting clear hiring policies for employees or former employees of the independent auditors.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Ensuring the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law. Consider whether, in order to assure continuing auditor independence, it is appropriate to adopt a policy of rotating the independent auditing firm on a regular basis.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Engaging independent counsel and other advisors if the Committee determines such advisors are necessary to assist the Committee in carrying out its duties.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A-3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><a href="#toc">Table of Contents</a></font></div>
</div>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Reporting annually to the shareholders in Silver Standard&#8217;s Management Information Circular prepared for the annual and general meeting of shareholders on the carrying out of its responsibilities under this charter and on other matters as required by applicable securities regulatory authorities.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Symbol, serif"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2"><font style="DISPLAY: inline; FONT-SIZE: 10pt" face="Wingdings 2">&#8212;</font></font></font></font></font></font></div>
</div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Discussing with management and the independent auditor any correspondence with regulators or governmental agencies and any published reports which raise material issues regarding Silver Standard&#8217;s financial statements or accounting policies.</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A-4</font>

<div>
<hr style="COLOR: black" align="center" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>eh1300409_ex9902.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<html>
<head>
    <title>eh1300409_ex9902.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<a name="sE4A47C8187E9B108631B3BF641B912CD"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">EXHIBIT 99.2</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<br>
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">SILVER STANDARD RESOURCES INC.</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE FINANCIAL POSITION AND RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2012</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">1.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s94aff5cd819e48a8db1f3c00fad69e64"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">2012 HIGHLIGHTS</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">2.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#sb589efe41ed3bce89e213c19347e56e0"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">OUTLOOK</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">3.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s4f09db18d8d3c750204c405951048942"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">BUSINESS OVERVIEW</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">4.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#se5e6858aecc8deabe9f04064575cd56e"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">RESULTS OF OPERATIONS</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">5.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s7ed477a8edddf8a3d6cd40dcac04b8ec"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">REVIEW OF PROJECTS</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">6.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#sbaf4c2d8cf4009f90fc940ea18cf2daa"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">SUMMARIZED ANNUAL FINANCIAL RESULTS</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">7.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#sfb48c7011ae29569ffbc45fdea26c8db"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">QUARTERLY FINANCIAL REVIEW</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">8.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s7c4a5ce6a90056a97479461aead2f1d8"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">LIQUIDITY</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">9.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#sc64b719071293e086ac34635287baa08"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">CAPITAL RESOURCES </font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">10.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s9dad2c94040a7eb855994b4a6feb83d2"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">FINANCIAL INSTRUMENTS AND RELATED RISKS</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">11.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#sd87bd66bac96946522ec4b734eb23fa0"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">OTHER RISKS AND UNCERTAINTIES</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">12.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s694776f83c1f3eb2a5fe4b74f7a719a3"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">RELATED PARTY TRANSACTIONS</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">13.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#sdac2fe2fb8794855b7134b76dcdc5406"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">SIGNIFICANT INVESTMENTS ACCOUNTED FOR BY THE EQUITY METHOD</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">14.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s2ddd7431e238eeaf1c834b82ee9cc403"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">NON-GAAP FINANCIAL MEASURES</font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">15.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#sd31893ad8337dfea03e34b8fe2d6dcd7"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">CRITICAL ACCOUNTING POLICIES AND ESTIMATES </font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">16.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s3fe939e6d7aa7056732c4b9630f33baa"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">FUTURE ACCOUNTING CHANGES </font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">17.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#s33b7a480c938717a7dbe4b98f3684d16"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">INTERNAL CONTROLS OVER FINANCIAL REPORTING AND DISCLOSURE CONTROLS AND PROCEDURES </font></a></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 36px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 174%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">18.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 174%; FONT-SIZE: 11pt"><a href="#se4bd16dc5001d576e84a4b9d8146a942"><!--efplaceholder--><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">CAUTIONARY NOTES REGARDING FORWARD-LOOKING STATEMENTS AND MINERAL RESERVES AND MINERAL RESOURCES ESTIMATES</font></a></div>
</td>
</tr></table>
</div>

<br>
<hr style="PAGE-BREAK-AFTER: always">
<a name="sE4A47C8187E9B108631B3BF641B912CD"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">SILVER STANDARD RESOURCES INC.</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE FINANCIAL POSITION AND RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2012</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This Management's Discussion and Analysis ("MD&amp;A") is intended to supplement the audited consolidated financial statements of Silver Standard Resources Inc. ("Silver Standard" or "the Company") for the year ended </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, and the related notes thereto, which have been prepared in accordance with International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board (IASB). </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">All figures are expressed in U.S. dollars except where otherwise indicated. This MD&amp;A has been prepared as of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">February&#160;28, 2013</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, and should be read in conjunction with the audited consolidated financial statements for the year ended </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Additional information relating to the Company, including the Company's Annual Report on Form 20-F for the year ended December 31, 2011, is available on SEDAR at </font><font style="FONT-FAMILY: inherit; COLOR: #0000ff; FONT-SIZE: 11pt; TEXT-DECORATION: underline">www.sedar.com</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, and on the EDGAR section of the SEC website at </font><font style="FONT-FAMILY: inherit; COLOR: #0000ff; FONT-SIZE: 11pt; TEXT-DECORATION: underline">www.sec.gov</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">,</font><font style="FONT-FAMILY: inherit; COLOR: #0000ff; FONT-SIZE: 11pt"> </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">and also on the Company's Annual Information Form and Form 40-F to be filed on SEDAR in March 2013.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This MD&amp;A contains "forward-looking statements" that are subject to risk factors set out in a cautionary note contained in item 18 herein. The Company uses certain non-GAAP financial measures in this MD&amp;A. For a description of each of the non-GAAP financial measures used in this MD&amp;A please see the discussion under "Non-GAAP Financial Measures" in item 14 of this MD&amp;A. The Company uses Mineral Reserves and Mineral Resources classifications in this MD&amp;A, which differ significantly from the classifications required by the U.S. Securities and Exchange Commission as set out in a cautionary note contained in item 18 of this MD&amp;A.</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="s94AFF5CD819E48A8DB1F3C00FAD69E64"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 29px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">1.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 11pt; FONT-WEIGHT: bold; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> HIGHLIGHTS</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 113px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Generated annual sales revenue of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$241 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, a 63% increase over the </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$148 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> generated in 2011. Increased cash and cash equivalents to </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$367 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> from </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$329 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> at December 31, 2011. </font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; PADDING-LEFT: 48px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Produced 8.6 million ounces of silver at Pirquitas, exceeding the high-end of the 2012 guidance range. Direct mining costs were $12.61 per ounce of silver produced, down 8% from $13.65 per ounce in 2011 and within the 2012 guidance range. </font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; PADDING-LEFT: 48px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Signed multiple long-term silver concentrate sales contracts with smelters, diversifying the customer base and reducing treatment and refining costs.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; PADDING-LEFT: 48px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Completed the Pitarrilla Feasibility Study - defining a 32-year, high production project in Mexico.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Increased the Company's silver Mineral Reserves to 566 million ounces, approximately 3 times the 189 million ounces reported at year-end, 2011. Increased Measured and Indicated Mineral Resources to 1,188 million ounces of silver, up 3% from 1,148 million ounces of silver reported at year-end 2011.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Subsequent to year-end, closed a $265 million offering of convertible notes, the proceeds of which are anticipated to be used to repurchase or redeem approximately $138 million of the Company's outstanding 2008 convertible notes and for general corporate purposes, which may include developing or advancing the project portfolio.</font></div>
</td>
</tr></table>
</div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">2</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="sB589EFE41ED3BCE89E213C19347E56E0"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">2.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">OUTLOOK</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 13px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">This section of the MD&amp;A provides management's production and cost estimates for </font><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2013</font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">. Major capital and exploration expenditures are also discussed. These are &#8220;forward-looking statements&#8221; and subject to the cautionary note regarding the risks associated with forward-looking statements contained in item 18 herein.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company's production and cost guidance for 2013 is: </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Produce and sell between 8.2 and 8.5 million ounces of silver.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Produce over 20 million pounds of zinc. </font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cash costs between $17.00 and $18.50 per payable ounce of silver. </font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Capital expenditures of $25 million at Pirquitas, including approximately $15 million for a tailings facility expansion, but excluding capitalized stripping costs.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Expenditures of $15 million for exploration across the Company's portfolio. </font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#9642;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Expenditures of $17 million for development. </font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">At the Pirquitas mine, the Company expects to produce between 8.2 and 8.5 million ounces of silver. The mine is currently transitioning from Phase 1 to Phase 2 of the San Miguel open-pit and due to ore and stockpile sequencing, the Company plans to produce approximately two million ounces of silver in the first quarter of 2013. Production is expected to increase as the year progresses and mining activities normalize. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company is required to adopt the accounting standard IFRIC 20 "Stripping Costs in the Production Phase of a Surface Mine" effective January 1, 2013, which is discussed in detail under "Future Accounting Changes" in item 16 of this MD&amp;A. The Company estimates that the adoption of IFRIC 20 will result in the capitalization of a significant amount of stripping costs at Pirquitas in 2013, that will be amortized in subsequent periods. The estimated impact of this accounting standard has been included within the cash costs guidance provided.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cash cost are a non-GAAP financial measure. Please see the discussion under "Non-GAAP Financial Measures" in item 14 of this MD&amp;A. Please note the Company changed its "cash costs" and "total costs" disclosure methodology. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company plans to spend approximately $15 million on exploration in 2013. Approximately $7 million is budgeted for exploration at the Company's Mexican projects, with the balance mainly budgeted for Argentina and Peru. The Company may increase its exploration budget or redirect exploration spending in response to positive exploration results. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company expects to spend a minimum of $17 million on development in 2013, including approximately $8 million at Pitarrilla and $7 million at San Luis, in line with the Company's goal of advancing these projects to construction decisions. Should construction decisions be made, development expenditures would increase significantly. Planned investments in advance of construction decisions include optimization, land acquisition, community agreements, permitting and financing. </font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">3</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="s4F09DB18D8D3C750204C405951048942"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">3.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">BUSINESS OVERVIEW</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Silver Standard is a silver resource and production company that has one producing mine and a portfolio of silver resource dominant projects. The Company's properties are located in six countries in the Americas. The Company is focused on operating and producing silver from the Pirquitas mine, which is located in the Province of Jujuy, Argentina, and on advancing the Pitarrilla project in Durango State, Mexico as well as the San Luis project in Ancash Department, Peru. In addition, the Company continues to advance its large portfolio of mineral projects and properties, which are at various stages of exploration and development. A number of these properties have silver mineral resource positions identified on them. The Company believes it holds one of the largest silver mineral reserves and silver mineral resource positions of any publicly-traded silver company. The Company also holds an approximate 20% interest in Pretium Resources Inc. ("Pretium"), a TSX listed gold exploration company. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The macro-economic environment in which the Company operates continues to be impacted by global issues from sovereign debt issues in Europe to the slowdown of growth in China. Global markets have remained volatile and generally risk averse. The price of silver increased steadily from 2009 to near record highs in early 2011, after which there has been significant volatility in prices and a general decrease through 2012, ending with a spot price of $29.95 per ounce at December 31, 2012. Silver averaged $31.15 per ounce in 2012, compared to $35.11 per ounce in 2011. Although lower than 2011, prices remain strong in historical terms and consensus estimates remain positive in the near term. The lower silver prices in 2012 compared to 2011 have, however, directly impacted revenues and income for the year.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In addition to global economic issues, the Pirquitas mine operates within a tightly-controlled regulatory environment in Argentina. Importation of goods and services into Argentina requires pre-approval, which causes delays in obtaining certain parts and supplies, the Argentine Central Bank regulates U.S. dollar flows into and out of the country, and Argentina is experiencing high inflation. These factors have either directly impacted the business or resulted in an increase in the perception of political risk in Argentina.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During 2012, the Company successfully achieved improved consistency of its operating performance at Pirquitas, producing 8.6 million ounces of silver compared to 7.1 million ounces of silver in 2011. Throughput continues to exceed design rates, feed grades are predictable and silver recoveries are generally in line with expectations.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company has also continued to advance its principal development projects, notably with the completion of a feasibility study for Pitarrilla on December 4, 2012. This feasibility study defined a project with a life exceeding 32 years, with silver production averaging approximately 15 million ounces per year, with an after-tax net present value ("NPV") of $737 million and after-tax internal rate of return ("IRR") of 12.8%</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font></font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The Company also received approval for its environmental impact assessment ("EIA") at San Luis for mining operations. In order to advance these projects towards construction decisions, the Company needs to obtain final land access agreements at both projects and continues with final technical assessments. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Subsequent to the year end, the Company issued $265 million in convertible notes. Approximately $138 million of the proceeds are anticipated to be used to repurchase or redeem the outstanding 4.5% convertible senior notes due 2028 (the "2008 Notes") in March 2013 and the remaining net proceeds for general corporate purposes, which may include developing or advancing the Company's property portfolio. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font></font><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">See news release dated December 4, 2012 for further details of feasibility study. </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">4</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="sE5E6858AECC8DEABE9F04064575CD56E"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">4.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">RESULTS OF OPERATIONS</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Pirquitas Mine, Argentina</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 686px; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="13">&#160;</td>
</tr><tr>
<td width="296">&#160;</td>
<td width="61">&#160;</td>
<td width="4">&#160;</td>
<td width="61">&#160;</td>
<td width="4">&#160;</td>
<td width="61">&#160;</td>
<td width="4">&#160;</td>
<td width="61">&#160;</td>
<td width="4">&#160;</td>
<td width="61">&#160;</td>
<td width="4">&#160;</td>
<td width="61">&#160;</td>
<td width="4">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Total</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Operating data</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Q1</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Q2</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Q3</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Q4</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2011</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Total material mined (kt)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,297</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,483</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,333</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,415</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">17,528</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">17,480</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Ore crushed (kt)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">524</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">400</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">533</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">407</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">1,864</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,429</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Ore milled (kt)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">416</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">386</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">404</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">417</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">1,623</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,089</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Silver mill feed grade (g/t)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">221</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">219</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">214</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">212</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">217</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">253</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Zinc mill feed grade (%)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.97</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.66</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.65</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.67</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">0.74</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1.02</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Silver recovery (%)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">77.3</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">74.5</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">77.7</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">79.9</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">76.3</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">79.5</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Zinc recovery (%)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">37</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">35</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">39</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">42</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">38</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">41</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Silver produced ('000 oz)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,172</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,021</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,163</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,268</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">8,624</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">7,056</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Zinc Produced ('000 lbs)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">3,324</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,900</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,770</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">3,176</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">11,171</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">10,122</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Silver sold ('000 oz)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,536</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,859</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,770</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">3,218</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">9,383</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,846</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Zinc Sold ('000 lbs)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,791</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,791</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,152</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,731</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">8,465</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">12,419</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Realized silver price ($/oz)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">32.20</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">30.06</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">29.37</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">32.69</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">31.13</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">33.58</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Cost of Inventory ($/oz) </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 6pt">(1)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.79</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.42</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.99</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.81</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">14.78</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">15.19</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Cash costs ($/oz) </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 6pt">(1)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.17</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">18.52</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.56</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.12</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">19.14</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.70</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Total costs ($/oz)</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 6pt">&#160;(1)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">28.78</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">25.71</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">26.76</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">27.32</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">27.06</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">26.36</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Financial Data ($000s)</font></div>
</td>
<td colspan="2" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" bgcolor="#c0c0c0" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Revenue</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">38,406</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">42,412</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">73,524</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">86,778</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">241,120</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">147,845</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Income from mine operations</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">6,245</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">6,758</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">16,469</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">16,640</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c0c0c0" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">46,112</font></div>
</td>
<td bgcolor="#c0c0c0" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">51,919</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">The Company reports non-GAAP cost per payable ounce of silver sold to manage and evaluate operating performance at the Pirquitas mine. For a better understanding and a reconciliation of these measures to cost of sales, as shown in the Company's Consolidated Statements of Income, please refer to "Non-GAAP Financial Measures" in item 14 of this MD&amp;A.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Mine production</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Pirquitas mine produced </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">8.6 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> ounces of silver during </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared with </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">7.1 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> ounces in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, an increase of 22%. A major portion of the increase is due to improved mechanical availability over 2011 performance. However, production in 2012 also improved as a result of higher and consistent throughput for the whole year. The mine also produced </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">11.2 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> pounds of zinc, which was 10% higher than the 10.1 million pounds produced in 2011, again largely driven by higher throughput. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During the year, </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">1.6 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> tonnes of ore were processed at an average milling rate of 4,433 tonnes per day, 11% above the plant's nominal design. This compares to </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">1.1 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> tonnes at an average of 2,983 tonnes per day in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The ongoing performance above design was the result of continuous improvement initiatives at the mine, including improved preventative maintenance, and improved crusher capacity. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Ore milled during </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> contained an average silver grade of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">217</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> g/t and an average silver recovery of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">76.3%</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> was achieved, lower than the average silver grade of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">253</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> g/t and recovery of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">79.5%</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> achieved in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. Silver recovery occasionally suffered in 2012 due to the inability to import desired reagents. Despite lower grades and recoveries, overall production improved due to the higher throughput. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">5</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="sE5E6858AECC8DEABE9F04064575CD56E"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Mine operating costs</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cash costs per ounce and total cost per ounce are non-GAAP financial measures. Please see the discussion under "Non-GAAP Financial Measures" in item 14 of this MD&amp;A.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Direct mining costs for 2012, as detailed under the Company's previous presentation method for its non-GAAP financial measures were $12.61 per ounce of silver produced, in line with guidance of $11.85 to $12.85 per ounce.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the Company changed its presentation of cash costs, a non-GAAP financial measure. Under the revised methodology, the Company reports "cash costs" and "total costs" on a "per payable ounce sold" basis. Silver concentrate export duties, that are being accrued but not paid, are included in total costs to reflect their non-cash nature. Previous disclosures have been restated to conform to the amended presentation. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cost of inventory in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> was </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$14.78</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per payable ounce of silver compared to </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$15.19</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per payable ounce in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The cost of inventory was lower in 2012 as operating costs on a per ounce basis improved due to consistent production and higher throughput.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cash costs in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, which includes treatment and refining costs, freight and transportation, and by-product credits were </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$19.14</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per payable ounce of silver compared to </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$19.70</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per payable ounce of silver in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The lower incremental per ounce impact of off-site costs in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared with </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> is due partially to lower silver prices in 2012 and improved concentrate sales contract terms negotiated in 2012.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Total costs, which includes export duties, depreciation, depletion and amortization, were </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$27.06</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per payable ounce in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$26.36</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per payable ounce in </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. Depreciation, depletion and amortization costs on a per ounce basis were higher in 2012 due to a reduction of Mineral Reserves at Pirquitas at the end of 2011, which increased the depreciation charge on certain assets in 2012.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Exploration drilling</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 4px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">At Pirquitas, the Company completed an extensive diamond drill program of 142 holes for approximately 53,000 metres. The program was extended beyond the planned campaign following positive drilling results and the discovery of certain geophysical anomalies to the east of the San Miguel open-pit in the first half of 2012. The drilling program was principally designed to expand and better define the Cortaderas Breccia and Cortaderas Valley Mineral Resources as reported in the technical report entitled "NI 43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina", dated effective December 23, 2011 (the "2011 Pirquitas Technical Report"). An updated Mineral Resources model was completed, and as of December 31, 2012 the Cortaderas area is estimated to contain the following Mineral Resources: </font></div>

<div style="TEXT-ALIGN: center; PADDING-BOTTOM: 4px; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="9">&#160;</td>
</tr><tr>
<td width="17%">&#160;</td>
<td width="13%">&#160;</td>
<td width="10%">&#160;</td>
<td width="10%">&#160;</td>
<td width="10%">&#160;</td>
<td width="10%">&#160;</td>
<td width="10%">&#160;</td>
<td width="10%">&#160;</td>
<td width="10%">&#160;</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cut-off Ag (g/t)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Classification</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnes (millions)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ag </font></div>

<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(g/t)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Zn </font></div>

<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(%)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sn </font></div>

<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(%)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ag </font></div>

<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Moz)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Zn </font></div>

<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Mlb)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sn </font></div>

<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Mlb)</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">40</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Indicated</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">3.9</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">128</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5.00</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">0.15</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">16.2</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">432</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">13</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">50</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Indicated</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.6</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">137</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.14</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.16</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15.6</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">403</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">60</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Indicated</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">146</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5.29</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">0.17</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">15.0</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">372</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">12</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">40</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Inferred</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">3.0</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">152</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5.29</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">0.25</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">14.5</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">347</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">17</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">50</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Inferred</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.7</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">162</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.44</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.27</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">14.1</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">326</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">16</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">60</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Interred</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2.4</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">174</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5.61</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">0.28</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">13.6</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">301</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">15</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 30px; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt">Notes: </font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 60px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 36px; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt">1.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 8pt">Jeremy D. Vincent, B. Sc. (Hons), P.Geo., Senior Geologist employed by the Company, is the Qualified Person for the reported Mineral Resources estimate.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 60px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 36px; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt">2.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 8pt">All Mineral Resources estimates have been classified in accordance with current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards.</font></div>
</td>
</tr></table>
</div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">6</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="sE5E6858AECC8DEABE9F04064575CD56E"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 60px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 36px; FONT-SIZE: 8pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 8pt">3.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 8pt">The above Mineral Resources are reported at a range of potentially economic silver cut-off grades to demonstrate sensitivity, whilst retaining reasonable prospects for economic extraction.&#160; The cut-off grade of 50 grams per tonne silver has not yet been demonstrated by a preliminary economic assessment or higher level mine study. </font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 60px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 36px; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt">4.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 8pt">Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. While the classification categories of Mineral Resources used in this MD&amp;A are recognized and required under Canadian regulations, the U.S. Securities and Exchange Commission (SEC) does not recognize them and U.S. companies are generally not permitted to disclose resources in documents they file with the SEC.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 60px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 36px; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt">5.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 8pt">The reported tonnes, grade, and metal content may not tally precisely due to rounding.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company plans to prepare a Preliminary Economic Assessment ("PEA") in the first half of 2013 on an underground mining concept for the Cortaderas area.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Fiscal stability agreement and regulatory environment</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Pirquitas mine has a fiscal stability agreement with the government of Argentina dating from 1998 (the &#8220;Fiscal Agreement&#8221;). In December 2007, the National Customs Authority of Argentina (the &#8220;NCA&#8221;) levied an export duty of approximately 10% on concentrates, even for projects with fiscal stability agreements predating 2002. The legality of the export duty on silver concentrates has been challenged and is currently under review by the court in Argentina. The Company has been advised that the Pirquitas mine is subject to this export duty despite contrary rights detailed under the Fiscal Agreement. In December 2012, the Federal Court of Appeal (Salta) upheld a cease payment order granted in the Company's favour by the Federal Court (Jujuy) effective September 29, 2010, which provided that the Company was not required to pay the 10% export duty imposed upon us by the NCA in December 2007. However, the Federal Government of Argentina has appealed this decision to the Federal Supreme Court of Argentina. The appeal by the Federal Government of Argentina has also included the refund claimed by the Company for the export duties paid before the cease payment order, as well as matters of procedure related to the uncertainty of the amount reclaimed.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Until the order to cease payment was granted in 2010, the Pirquitas mine had paid $6.6 million in export duties, against which it has filed for recovery. In accordance with this order, the Company has not been paying export duties on silver concentrate but continues to accrue duties in full until the outcome of the claim is known with certainty. At December 31, 2012, the Company has accrued a liability totaling $35.0 million, with a corresponding increase in cost of sales in the relevant period. If this export duty is successfully overturned, the benefit will be recognized in the Consolidated Statement of Income for the full amount of paid and unpaid duty in the period that recovery becomes virtually certain. The accrued export duty also has a significant impact on the Company's total production cost. If resolved in the Company's favour, the impact would be to reduce total production costs by approximately 10% of the net sales price on a per ounce basis.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">On October 26, 2011, the Argentina government announced a decree that requires all funds from export sales to be repatriated to Argentina and converted into Argentine pesos within the Sole Foreign Exchange Market in Argentina. The Argentine pesos can then be exchanged back into the original currency, again through the Sole Foreign Exchange Market, provided the required authorization is granted by the Argentine Central Bank and the Federal Administration of Public Income. Each transfer is subject to a 0.6% transfer tax. The mining industry had previously been exempted from this obligation to bring such foreign currency into Argentina. Although the Fiscal Agreement includes stability over foreign exchange controls, the government removed such benefits with this decree.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In addition, the regulatory environment in Argentina continues to impact the business, as outlined in item 3 "Business Overview" of this MD&amp;A. Notably, in the second quarter of 2012, the Argentine Ministry of Economy and Public Finance issued a resolution that reduced the time permitted to repatriate export proceeds from 180 days to 15 days, which caused the Pirquitas mine to temporarily suspend shipments while the Company assessed the impact of this resolution. Subsequently, the time permitted to repatriate export proceeds was increased to 30 days and then to 140 days for silver and zinc concentrates, which enabled us to recommence shipping. In September 2012, a revised resolution reinstated the 180 day time limit for silver concentrates only. Further, during 2012, the Argentine Central Bank increased its involvement in U.S. dollar inflows and outflows, and the country continued to experience high inflation along with a weakening currency.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">7</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="s7ED477A8EDDDF8A3D6CD40DCAC04B8EC"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">5.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">REVIEW OF PROJECTS</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Pitarrilla, Mexico</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A total of $23.9 million was spent during </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> at the wholly-owned Pitarrilla project located in the State of Durango, Mexico compared to $18.2 million in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In a news release dated December 4, 2012, the Company announced the results of a feasibility study on the project. The following are the key highlights:</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8226;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Probable Mineral Reserves of 479 million ounces of silver, approximately 5.2 times greater than the 91.7 million ounces of Probable Mineral Reserves reported previously.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">&#8226;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A 32-year project life producing an average of approximately 15 million ounces of silver per year during the first 18 years of production.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">&#8226;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">An after-tax NPV of $737 million at base case long term-metal prices using a 5% real discount rate and $1.7 billion at spot prices</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font></font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. An after-tax IRR of 12.8% at base case long-term metal prices using a discount of 5% and 21.2% at spot prices</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font></font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. </font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#8226;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Estimated average cash costs of $10.01 per payable ounce of silver over the life of the project.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">&#8226;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Total pre-production capital of $741 million, including $157 million of pre-production operating costs and $131 million of pre-operating revenue.</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 48px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">&#8226;</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Standard truck-and-shovel open-pit mining methods and well-established flotation and leach processing methods.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The feasibility study evaluates the development and construction of an open-pit mine, processing facilities, a tailings storage facility and supporting infrastructure. Pitarrilla is expected to be one of the largest silver mines in Mexico, producing an estimated 333 million ounces of silver, 582 million pounds of lead and 1,669 million pounds of zinc over a 32-year project life. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Pitarrilla is expected to use a standard truck and shovel open-pit mining method, with a fleet of trucks that is expected to haul an average of over 175,000 tonnes of material per day over 20 years. The plant will use standard grind, float and agitated leach circuits to process 16,000 tonnes per day of flotation/leach ore or 12,000 tonnes per day of direct leach ore. The Pitarrilla project will produce lead and zinc concentrates and a silver dor&#233;.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Pitarrilla is located approximately 160 kilometres north-northwest of the city of Durango. A paved roadway extends to within 47 kilometres of the plant site. The Company has been advised by the Comision Federal De Electricidad, Mexico's national power utility, that it will provide power for the project via a new powerline.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During 2012, the Company completed 34 in-fill drill holes totaling 3,400 metres in the upper zones of the oxide deposit, and 33 closely-spaced drill holes totaling 8,914 metres for geostatistical studies to refine the Mineral Resources model in support of the feasibility study. The Company also successfully closed certain land access rights and continues to negotiate for the remaining few parcels of land. It also received approval for the EIA for certain parts of the project infrastructure. An EIA is expected to be completed and ready for submission to Mexico's environmental agency in the first half of 2013. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1 </font></font><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Base case metal prices: $27.50 per ounce silver in the final pre-production year and the first two years of production, and $25.00 per ounce silver thereafter; $0.90 per pound of lead and $0.95 per pound of zinc. Spot case metal prices: $34.13 per ounce of silver, $0.99 per pound of lead and $0.87 per pound of zinc. Refer to the press release dated December 4, 2012 for further details. </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">8</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="s7ED477A8EDDDF8A3D6CD40DCAC04B8EC"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 0px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In connection with the technical report dated December 14, 2012 and entitled "NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico" (the "2012 Pitarrilla Technical Report"), the Company prepared updated estimates of the Pitarrilla project's Mineral Reserves and Mineral Resources. The deposit is estimated to comprise Probable Mineral Reserves of 157 million tonnes containing 479 million ounces of silver, 1,014 million pounds of lead and 2,722 million pounds of zinc, and Measured and Indicated Mineral Resources (inclusive of Mineral Reserves) of 260 million tonnes containing 695 million ounces of silver, 1,815 million pounds of lead and 4,146 million pounds of zinc, all above a 30 grams per tonne silver cut-off. The updated Mineral Reserves for the Pitarrilla project represent an increase of approximately 422% from the Mineral Reserves estimate for the project that was reported on September 21, 2009 in a technical report entitled "NI 43-101 Technical Report - Pitarrilla Property Pre-feasibility Study". The Mineral Resources and Mineral Reserves estimates were prepared respectively by Jeremy Vincent B.Sc (Hons), P.Geo and by Andrew Sharp, B.Eng., FAusIMM and presented in the 2012 Pitarrilla Technical Report, in accordance with the standard of the Canadian National Instrument 43-101 and the definitions of the CIM standards.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 0px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 0px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 0px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">San Luis, Peru</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 0px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 0px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A total of $7.9 million was spent during </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> at the wholly-owned San Luis project in Peru compared to $5.6 million in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. </font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 0px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">On September 10, 2012, the Peruvian government approved the EIA for the mining operation of the Ayel&#233;n deposit, completing a significant milestone for the San Luis Project. Long-term land access negotiations are continuing with one of the two local communities that control the rights to surface lands on which the future mine would be located. An agreement with the other community was completed in late 2011. With the EIA approved, completion of the final land access agreement will enable permit applications to be submitted and a development decision to be made.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The San Luis project comprises Proven and Probable Mineral Reserves of approximately 0.5 million tonnes containing 7.2 million ounces of silver at an average grade of 446 g/t silver and 290,000 ounces of gold at an average grade of 18 g/t gold within the Ayel&#233;n vein, with other identified veins on the 35,000 hectare property requiring further exploration the Mineral Reserve estimate for the San Luis project was prepared by Steve L. Milne, P.E of Tucson, USA and presented in a technical report dated June 4, 2010 and entitled "Technical Report for the San Luis Project Feasibility Study, Ancash Department, Peru", in accordance with the standard of the Canadian National Instrument 43-101 and the definitions of the CIM standards.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During the year, the Company received approval for an exploration EIA, allowing for an exploration drilling campaign&#160;at the BP Zone, a high-potential porphyry copper target, located about 4.5 kilometres southeast of the Ayel&#233;n deposit. This target is located in an area where land access for exploration activities has been previously granted by the local community. The Company obtained the required water permit and is now awaiting final government approvals.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Diablillos, Argentina</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A total of $2.0 million was spent during </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> at the Company's wholly-owned Diablillos project compared to $2.6 million in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The Diablillos project is a silver-gold exploration project located in northwestern Argentina approximately 275 kilometers south of the Company's Pirquitas mine and is accessible by gravel road. The project consists of eight mining leases or "minas" totaling 4,500 hectares, and 2 exploration licenses (or cateos) of 5,567 hectares. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In 2012, five areas marked by exposures of precious metal mineralization were further evaluated through the rock-chip sampling of several shallow trenches that were excavated using a back-hoe machine. In the fourth quarter of 2012, the Company drilled 19 diamond boreholes for a combined length of 1,684 metres to test these five targets. The targets were zones of gold and silver mineralization that lie peripheral to the Oculto deposit. Initial results demonstrate encouraging mineralization that will be considered for additional testing in 2013. </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">9</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="s7ED477A8EDDDF8A3D6CD40DCAC04B8EC"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Oculto deposit has Indicated Mineral Resources of 21.6 million tonnes containing 77.1 million ounces of silver at an average grade of 111 g/t silver and 640,000 ounces of gold at an average grade of 0.9 g/t gold, with additional Inferred Mineral Resources of 7.2 million tonnes containing 6.3 million ounces of silver at an average grade of 27 g/t silver and 190,000 ounces of gold at an average grade of 0.8 g/t gold. The Mineral Resource estimate for the Diablillos Project was prepared by Wardrop Engineering Inc. of Vancouver, British Columbia and presented in a technical report dated July 27, 2009 and entitled "Technical Report on the Diablillos Property - Salta and Catamarca Provinces, Argentina", in accordance with the standard of the Canadian National Instrument 43-101 and the definitions of the CIM standards. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Other Exploration Projects</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company completed exploration programs in 2012 on the following wholly-owned mineral properties - the San Agust&#237;n, Valenciana, El Mogote, Las Varas, Veta Colorada, Chilicote, Palmilla and San Patricio properties in Mexico, the Saddleback and Silver Creek properties in Arizona/New Mexico , U.S.A and the Candelaria Mine property in Nevada, U.S.A. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Airborne geophysical surveys were conducted over the Saddleback, Silver Creek, Valenciana, El Mogote, Veta Colorada, Chilicote, Palmilla and San Patricio properties. Ground geophysical surveys involving the induced polarization ("IP") and gravity survey methods were also performed on the Valenciana and El Mogote properties, while ground IP surveys were carried out on the Saddleback and Silver Creek properties. Bedrock chip sampling was done on all of the above-mentioned mineral properties, with samples being analyzed for a diverse suite of trace elements, including silver and gold. A grid-controlled soil geochemistry survey consisting of more than 400 samples was completed on the Valenciana property. At San Agust&#237;n, fieldwork completed in 2012 involved the re-logging of existing drill cores, the collection of bulk density measurements for hundreds of core samples, and the collection of several hundred core samples that were then analyzed for their mineral compositions using a Terraspec&#8482; spectral mineral analyzer. Data obtained by the various geophysical and geochemical surveys have been used to outline potential drilling targets for economic mineral deposits below the surface. Drill targets have been defined on the Valenciana, El Mogote, San Patricio and Saddleback properties. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In December 2012, the Company received drilling permits for the San Patricio property in Chihuahua, Mexico and the Saddleback property which straddles the Arizona-New Mexico border in the southwestern USA. Diamond drilling programs were initiated on these two properties before the end of 2012 and continued into January 2013.</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">10</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="sBAF4C2D8CF4009F90FC940EA18CF2DAA"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">6.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">SUMMARIZED ANNUAL FINANCIAL RESULTS</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following table sets out selected annual financial results:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="10">&#160;</td>
</tr><tr>
<td width="45%">&#160;</td>
<td width="2%">&#160;</td>
<td width="16%">&#160;</td>
<td width="1%">&#160;</td>
<td width="1%">&#160;</td>
<td width="16%">&#160;</td>
<td width="1%">&#160;</td>
<td width="1%">&#160;</td>
<td width="16%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="8" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Years ended December 31</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2010</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Revenue</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">241,120</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">147,845</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">112,256</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Income from mine operations</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">46,112</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">51,919</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">14,134</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Operating income</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9,748</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">22,565</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(17,162</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Gain on sale of mineral properties</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">49,856</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">402,009</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Net income attributable to shareholders</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">54,826</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">80,128</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">338,455</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Basic earnings $ per share</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.68</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1.00</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">4.34</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Diluted earnings $ per share</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.68</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">0.99</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">4.32</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Cash dividends ($/share)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 18px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 18px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 18px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 18px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 18px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 18px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 18px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="8" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at December 31</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2010</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">366,947</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">329,055</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">232,311</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Total assets</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1,316,912</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,276,102</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,147,990</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Non-current financial liabilities</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">126,555</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">137,860</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Review of the Annual Financial Results</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Net income for the year ended </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> was </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$54.8 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> (</font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$0.68</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per share) compared to </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$80.1 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> (</font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$1.00</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per share) in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The following is a summary and discussion on significant components of income and expenses recorded during </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to the prior year.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the Company recognized revenues from the Pirquitas mine of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$241.1 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> from the sale of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">9.4 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> ounces of silver and 8.5 million pounds of zinc. Shipments made in the year realized an average silver price of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$31.13</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per ounce, excluding the impact of period-end price adjustments and zinc shipments realized an average price of $0.88 per pound. This is compared with </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, which recognized revenues of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$147.8 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> from the sale of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">4.8 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> ounces of silver at an average realized price of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$33.58</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per ounce. The increase in sales in 2012 compared to </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> is primarily driven by the increased volume of concentrate sold. In 2011, the Company terminated the sales contract with its sole customer to pursue a strategy of diversifying its customer base and securing beneficial terms. This strategy meant that the Company did not ship for approximately two months in mid-2011. The increased volume of sales in 2012 was however partially offset by lower realized silver prices as compared to 2011.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cost of sales for </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> was </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$195.0 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$95.9 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The resulting Income from mine operations was </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$46.1 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, compared to </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$51.9 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The gross margin of 19% in 2012 was lower than the gross margin of 35% in 2011, primarily due to lower realized silver prices and higher depreciation charges. Cost of inventory was marginally lower in 2012 at $</font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">14.78</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per payable ounce of silver compared to $</font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">15.19</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in 2011. Depletion, depreciation and amortization was $5.20 per payable ounce in 2012 compared to $3.77 per payable ounce in 2011. The $1.43 per ounce increase is due to the reduction of the mine life resulting from a Mineral Reserves reduction reported in the fourth quarter of 2011, which accelerated the depreciation charge on many assets in 2012. Export duties continue to be accrued with $23.4 million included in cost of sales for 2012. If the legal claim is concluded in the Company's favor, any such benefit in relation to silver concentrate would be recognized in the period recovery becomes virtually certain. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">11</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="sBAF4C2D8CF4009F90FC940EA18CF2DAA"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">General and administrative expenses for the year ended </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$23.7 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> were overall consistent with the </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$23.7 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> recorded in 2011. Share-based payments were $2.4 million higher in 2012 primarily due to the increase in the number of stock options and cash-settled awards granted, while the underlying share price was broadly consistent. Salaries and travel expenses, however, were lower in 2012 due to reduced headcount.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Expensed exploration and evaluation expenses were </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$12.7 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> for </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$5.7 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. These relate primarily to the drill programs at the Pirquitas mine, which is focused on the Cortaderas Valley Area, the results of which are discussed above in the "Results of Operations" in Item 4. Exploration costs at operating properties are expensed until a Mineral Reserve is defined, consistent with the Company's accounting policy.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company recorded a significant gain on sale of mineral properties in 2011 from the sale of the Bowdens project in Australia to Kingsgate Consolidated Limited for $45.0 million in cash and 3.4 million shares (with an approximate value of $25.6 million). Total consideration was approximately $70.7 million, resulting in a gain on sale of $51.4 million.There was no such gain for 2012.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A significant constituent of net income or loss each period is Other income (expenses), which comprises the following for the years ended December 31:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 672px; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="440">&#160;</td>
<td width="111">&#160;</td>
<td width="4">&#160;</td>
<td width="111">&#160;</td>
<td width="4">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Gain on sale of ABCP</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4,853</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Gain on dilution of associate</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15,839</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,803</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Share of net (loss) of associate</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(3,409</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(6,078</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Unrealized (loss) gain on financial instruments at FVTPL</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(2,501</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">20,182</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Gain on sale of marketable securities</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5,453</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Loss on marketable securities</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(9,354</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Write-off of mineral property costs</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(86</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(4,624</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Reversal of impairment of convertible debenture</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2,400</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Dividend income</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">701</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Miscellaneous expense</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(1,365</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(1,056</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4,678</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">18,080</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In 2012, the Company disposed of its Canadian asset-backed commercial paper (ABCP), following improved liquidity in that market. These assets had been previously written off, resulting in a gain of $4.9 million.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company recorded dilution gains totaling $15.8 million from its investment in Pretium in 2012 compared to $1.8 million in 2011. This non-cash gain arose because Pretium completed two private placements and a prospectus offering in which the Company did not participate. In addition, as a result of the equity accounting treatment for this investment, the Company is required to record its share of Pretium's losses, which were </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$3.4 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$6.1 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The unrealized (loss) gain on financial instruments at fair value through profit and loss (&#8220;FVTPL&#8221;) is primarily related to a loss from the warrant liability, partially offset by a gain on the re-measurement of the convertible note derivative liability. A loss of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$2.5 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> was recorded in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to a gain of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$20.2 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During 2012, the Company recorded an impairment on marketable securities which had had a significant decline in share price compared to cost. The decline in value had previously been recorded in other comprehensive income, and upon the recognition of the impairment a $10.8 million loss was recognized in the consolidated statement of income. This was partially offset by a $1.4 million gain on disposal of a marketable security.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">12</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="sBAF4C2D8CF4009F90FC940EA18CF2DAA"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In 2012, one minor project, Pistola de Oro, was written off following a decision not to proceed with the option purchase agreement. In 2011, the Company wrote off exploration costs of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$4.6 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> following a decision to let its option of the Navidad claim group at the Nazas property expire. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In 2011, the Company settled its convertible debenture with Aurcana Corporation, which resulted in a recovery of the previous impairment of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$2.4 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, recorded within other income.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company recorded a foreign exchange loss for the year ended </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$6.0 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to a loss of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$2.7 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The Company's main exposure to foreign exchange risk is related to net monetary assets denominated in Canadian dollars and Argentine pesos. During </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the loss largely resulted from the Argentine peso steadily weakening against the U.S. dollar.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">For the year ended </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the Company recorded an income tax recovery of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$19.7 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> compared to an income tax expense of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$31.4 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The tax recovery in </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> is primarily related to the recognition of tax benefits in Argentina totaling $46.8 million arising from foreign exchange losses and interest expenses. This was partially offset by profitable operations at Pirquitas, further devaluation of Argentine peso denominated deferred tax assets, and other non-deductible expenses. In 2011, the tax expense of </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$31.4 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> was the result of $21.1 million in current and deferred tax expense at Pirquitas, $5.2 million from the capital gain on the sale of the Pretium shares, $16.1 million from the gain on the sale of the Bowdens project. These expenses are partially offset by realized losses, with the balance related to changes in deferred tax liabilities.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="sFB48C7011AE29569FFBC45FDEA26C8DB"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">7.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">QUARTERLY FINANCIAL REVIEW</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following table sets out selected results from the eight most recent quarters all of which have been prepared in accordance with IFRS:</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="17">&#160;</td>
</tr><tr>
<td width="28%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="8" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2012</font></div>
</td>
<td colspan="8" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2011</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">31-Dec</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">30-Sep</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">30-Jun</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">31-Mar</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">31-Dec</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">30-Sep</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">30-Jun</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">31-Mar</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Revenue</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">86,778</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">73,524</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">42,412</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">38,406</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14,369</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">26,152</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">47,271</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">60,053</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Income (loss) from mine operations</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">16,640</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">16,469</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">6,758</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">6,245</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(3,270</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">11,492</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">15,838</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">27,859</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Net income (loss) before tax</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">(12,203</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,201</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">43,357</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,729</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(7,767</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">52,724</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">52,335</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14,233</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Net income (loss) after tax</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">23,848</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(2,491</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">34,544</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(1,075</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,584</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">21,836</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">45,765</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">9,943</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Basic earnings (loss) per share</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">0.30</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(0.03</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.43</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(0.01</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.03</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.27</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.57</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.12</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Diluted earnings (loss) per share</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">0.30</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(0.03</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.43</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(0.01</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.03</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.27</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.57</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">0.12</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Cash and cash equivalents</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">366,947</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">353,439</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">351,780</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">293,294</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">329,055</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">355,903</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">368,759</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">260,733</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Total assets</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">1,316,912</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,343,382</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,322,520</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,288,122</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,276,102</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,249,570</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,252,360</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,178,644</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Working capital</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">378,959</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">396,251</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">377,902</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">301,492</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">399,088</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">428,627</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">418,812</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">335,764</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Non-current financial liabilities</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">126,555</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">182,018</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">171,203</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">174,497</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The volatility in revenue over the past eight quarters has resulted from commodity prices, sales volumes, and certain operational and regulatory circumstances. Sales in the first half of 2011 were in a period of near-record silver prices; then, in mid-2011, the Company terminated its only sales contract to pursue a strategy of customer diversification, which resulted in a hiatus on shipments through the second half of 2011, hence the lower revenue. Shipments recommenced in late 2011, continuing through the first quarter of 2012. Changes in Argentine export rules early in the second quarter of 2012 resulted in a cessation of shipments for two months, which impacted revenue in that period. The two most recent quarters have demonstrated consistent, uninterrupted sales to multiple counterparties, partially selling down finished goods inventory held on site. Income (loss) from mine operations followed a similar trend over the past eight quarters, with margins consistent with silver price. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Net income (loss) before tax has fluctuated significantly over the past eight quarters, heavily influenced by non-operational transactions. In the second quarter of 2011, the Company partially disposed of its interest in Pretium for </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">13</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">a gain of $39.3 million. In the third quarter of 2011, the Bowdens project in Australia was sold to Kingsgate for a gain of $51.4 million. In the first quarter of 2012, the Company reversed a previous impairment of the value of their ABCP based on improved liquidity in the market and price estimates of the assets, resulting in a gain of $4.5 million. In the second quarter of 2012, the Company further reduced its interest in Pretium as a result of the exercise of 5.3 million share purchase warrants recording a gain of $45.9 million. Finally in the fourth quarter of 2012, the Company recorded a $10.8 million impairment of marketable securities, which was a significant component of the loss recorded. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 48px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Review of Quarterly Financial Results - three months ended </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; FONT-WEIGHT: bold; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> compared to the three months ended September 30, </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; FONT-WEIGHT: bold; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> </font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company recorded net income in the fourth quarter of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$23.8 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> or </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">0.30</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per share, compared to a net loss of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$2.5 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in the third quarter of 2012 or 0.03 per share. Compared to the prior quarter, the net income for the three months ended December 31, 2012 was impacted by the following factors:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In the fourth quarter of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the Company recognized revenues of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$86.8 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> from the sale of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">3.2 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> ounces of silver and 2.7 million pounds of zinc, at average realized prices of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$32.69</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per ounce of silver and $0.87 per pound of zinc. This compares to revenues of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$73.5 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> in the third quarter of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> from the sale of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2.8 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> ounces of silver and 2.2 million pounds of zinc, at average realized prices of </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$29.37</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> per ounce of silver, and $0.83 per pound of zinc. The increase in revenue is primarily the result of higher silver ounces sold in a higher silver price environment although this was offset to some extent by negative price adjustments of $5.3 million on shipments to be settled in 2013. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cost of sales on a per ounce basis were slightly higher in the fourth quarter as compared to the third quarter. Cost of inventory and depletion, depreciation and amortization on a per payable ounce basis were relatively consistent with the prior quarter. Royalties and export taxes were $3.22 per payable ounce for the three months ended December 31, 2012 as compared to $2.22 per payable ounce for the three months ended September 30, 2012. Royalties and export taxes vary as a function of sales prices and actual silver ounces shipped. Consequently, in the fourth quarter, a higher volume of concentrate shipments in comparison to the three months ended September 30, 2012 resulted in higher export taxes. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">General and administrative costs in the fourth quarter were $5.9 million compared to $4.5 million in the third quarter. The lower general and administrative costs in the third quarter were principally due to the reallocation of corporate costs from the first three quarters of the year. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Expensed exploration costs of $4.7 million for the three months ended December 31, 2012, were consistent with the $4.8 million for the three months ended September 30, 2012. These costs primarily relate to the drill program at the Pirquitas mine which spanned both quarters. Exploration costs at operating properties are expensed, consistent with the Company's accounting policy. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During the fourth quarter, the Company recorded an impairment on marketable securities which had a significant decline in share price compared to cost. The decline in value had previously been recorded in other comprehensive income, and upon the recognition of the impairment a $10.8 million loss was recognized in the consolidated statement of income. There were no impairments in the third quarter. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#160;</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">An income tax recovery of $36.1 million was recorded in the fourth quarter compared to an expense of $4.7 million in the third quarter. The tax recovery in the fourth quarter is primarily related to the recognition of tax benefits in Argentina totaling $46.8 million arising from foreign exchange losses and interest expenses. This was partially offset by profitable operations at Pirquitas, further devaluation of Argentine peso denominated deferred tax assets, and other non-deductible expenses. In the third quarter, income tax expense was the result of profitable operations at Pirquitas and the continued devaluation of the Argentine Peso against the USD, which increased the deferred income tax liability balance and tax expense. </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">14</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="s7C4A5CE6A90056A97479461AEAD2F1D8"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">8.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">LIQUIDITY</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">At </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the Company had </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$366.9 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> of cash and cash equivalents, an increase of $37.9 million from </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The increase in cash resulted from cash generation of $5.4 million from operating activities, receipt of $75.9 million in proceeds from the sale of investments, and net value added tax recovery of $18.1 million, while spending $62.0 million on exploration and development projects and capital expenditures at the Pirquitas mine.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Of the cash and cash equivalents balance, $304.5 million was held in Canada, the United States and Australia. Approximately $</font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">183.3 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> is invested in short term investments under the Company's investment policy with maturities of 90 days or less providing the Company with sufficient liquidity to meet corporate needs. At December 31, 2012, the Company held $62.6 million cash in Argentina. Argentine government regulation of U.S. dollar inflows and outflows restricts the Company's ability to repatriate cash generated by the Pirquitas mine. The Company is repatriating cash from Argentina under a fixed schedule of debt repayments.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Through 2012, the Company's working capital position reduced by $20.1 million from $399.1 million to </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$379.0 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. The reduction resulted from the reclassification of $138 million of convertible notes from a non-current liability to a current liability as they are anticipated to be redeemed in March 2013. Ignoring this reclassification, working capital increased during 2012. Cash increased by $37.9 million, trade and other receivables increased by $64.1 million, and inventory by $7.3 million. The increase in receivables was due to trade accounts receivable and the result of successful VAT collections in Argentina such that as at December 31, 2012, </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">$32.8 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> was classified as current assets. The increase in assets was offset by an increase in accounts payable and accrued liabilities of which, $35.0 million was due to the continued accrual of unpaid export duties on silver concentrate.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">As noted above, the most significant impact on working capital in 2012 was the reclassification of the 2008 convertible notes, with a face value of $138.0 million, to a current liability as they are anticipated to be redeemed in early 2013. This redemption would have reduced the Company's liquidity and therefore subsequent to year end, the Company issued $265 million in convertible notes, with $138 million anticipated to be used to repurchase or redeem the outstanding 2008 Notes in March 2013 and the remaining net proceeds for general corporate purposes, which may include developing or advancing the Company's property portfolio. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">On January 16, 2013, the Company sold $250 million in senior convertible unsecured notes ("2013 Notes") with an additional $15 million sold for overallotments on February 13, 2013, for estimated net proceeds of approximately $256.4 million after payment of commissions and expenses related to the offering. The 2013 Notes mature on February 1, 2033 and bear an interest rate of 2.875% per annum, payable semi-annually in arrears on February 1 and August 1 of each year. The 2013 Notes will be convertible into common shares of the Company at a fixed conversion rate, subject to certain anti-dilution adjustments. In addition, if certain fundamental changes occur to the Company, holders of the 2013 Notes may be entitled to an increased conversion rate. The 2013 Notes will be convertible into the Company&#8217;s common shares at an initial conversion rate of 50 common shares per $1,000 principal amount of 2013 Notes converted, representing an initial conversion price of $20.00 per common share.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company may not redeem the 2013 Notes before February 1, 2018, except in the event of certain changes in Canadian tax law. At any time on or after February 1, 2018, but before February 1, 2020, the Company may redeem all or part of the 2013 Notes for cash, but only if the last reported sale price of the Company's common shares for 20 or more trading days in a period of 30 consecutive trading days exceeds 130% of the conversion price. On or after February 1, 2020, the Company may redeem the 2013 Notes in full or in part, for cash.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#160;</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Holders of the 2013 Notes will have the right to require the Company to repurchase all or part of their 2013 Notes on February 1 of each of 2020, 2023 and 2028, or upon certain fundamental corporate changes. The repurchase price will be equal to 100% of the principal amount of the 2013 Notes being converted, plus accrued and unpaid interest to the repurchase date. The Company is assessing the accounting impact of the 2013 Notes.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">15</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<a name="s7C4A5CE6A90056A97479461AEAD2F1D8"><!--EFPlaceholder--></a>

<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="BACKGROUND-COLOR: #ffffff; FONT-FAMILY: inherit; FONT-SIZE: 11pt">At December 31, 2012, the Company owned 18.9 million shares of Pretium, which are held at cost on the Consolidated Statements of Financial Position. </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The fair value of Pretium common shares at </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, excluding potential selling costs, according to published share price quotations was $250,803,000.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following table summarizes the Company's financial liabilities, operating and capital commitments at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 674px; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="11">&#160;</td>
</tr><tr>
<td width="304">&#160;</td>
<td width="70">&#160;</td>
<td width="4">&#160;</td>
<td width="70">&#160;</td>
<td width="4">&#160;</td>
<td width="70">&#160;</td>
<td width="4">&#160;</td>
<td width="70">&#160;</td>
<td width="4">&#160;</td>
<td width="70">&#160;</td>
<td width="4">&#160;</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="10" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Payments due by period</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Contractual obligations</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Total</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Less than one year</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1 - 3 years</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">4-5 years</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">After 5 years</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="TEXT-ALIGN: right; FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="TEXT-ALIGN: right; FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="TEXT-ALIGN: right; FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="TEXT-ALIGN: right; FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="TEXT-ALIGN: right; FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">77,143</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">77,143</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Convertible notes </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(i)</font></font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">138,000</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">138,000</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Interest on convertible notes </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(i)</font></font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">3,079</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">3,079</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Capital expenditure commitments</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">18,875</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">9,646</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">9,229</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Minimum lease rental and lease payments</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">3,528</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">421</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,499</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,161</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">447</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Total contractual obligations</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">240,625</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">228,289</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">10,728</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,161</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">447</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; PADDING-LEFT: 48px; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(i) </font></font><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Convertible notes mature in 2028 but are redeemable in part or in full at the option of the holder on March 1 of each of 2013, 2018 and 2023, or upon certain fundamental corporate changes. They are also redeemable by the Company in part or in full on and after March 5, 2013. The notes bear interest at 4.5% per annum and are convertible into common shares upon specified events at a fixed conversion price of approximately $43.33 per common share. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company's financial position at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, and projected operating cash flows are believed to be sufficient to fund currently-planned capital and exploration expenditures over the next twelve months and to discharge liabilities as they become due, including the potential mandatory redemption of the outstanding 2008 Notes in March 2013.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="sC64B719071293E086AC34635287BAA08"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">9.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">CAPITAL RESOURCES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The capital of the Company consists of items included in shareholders' equity and debt, net of cash and cash equivalents as follows:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="70%">&#160;</td>
<td width="14%">&#160;</td>
<td width="1%">&#160;</td>
<td width="14%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">December 31</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Shareholders' equity</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">706,901</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">705,876</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Convertible notes</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">135,805</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">125,313</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">842,706</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">831,189</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Less: cash and cash equivalents</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(366,947</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(329,055</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">475,759</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">502,134</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">At </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, there was no externally imposed capital requirement to which the Company is subject and with which the Company has not complied.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company has completed a feasibility study of the Pitarrilla project in Mexico, targeting a construction decision in 2013. In the event of a positive construction decision, the Company's capital expenditure requirements are expected to increase materially in late 2013 and for the next three years.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">16</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">As at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the Company had 80,747,767 common shares outstanding and 2,023,563 stock options outstanding which are exercisable into common shares at exercise prices ranging between C$11.50 and C$36.14.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Outstanding share data</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The authorized capital consists of an unlimited number of common shares without par value. As at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">February&#160;28, 2013</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the following common shares and options were outstanding: </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="40%">&#160;</td>
<td width="19%">&#160;</td>
<td width="1%">&#160;</td>
<td width="20%">&#160;</td>
<td width="20%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of shares</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise price</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Remaining life</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">C$</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(years)</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Capital stock</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">80,754,434</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Stock options</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2,063,407</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">11.50 - 36.14</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">0.5 - 7.0</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Fully diluted</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">82,817,841</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company's Board of Directors adopted a Shareholder Rights Plan on March 9, 2012 as more fully described in the Company's news release dated March 12, 2012.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="s9DAD2C94040A7EB855994B4A6FEB83D2"><!--EFPlaceholder--></a>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">10.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">FINANCIAL INSTRUMENTS AND RELATED RISKS </font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company is exposed to a variety of financial risks as a result of its operations, including market risk (which includes price risk, currency risk and interest rate risk), credit risk and liquidity risk. The Company's overall risk management strategy seeks to reduce potential adverse effects on the Company's financial performance. Risk management is carried out under policies approved by the Board of Directors.</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company may, from time to time, use foreign exchange contracts, commodity price contracts and interest rate swaps to manage its exposure to fluctuations in foreign exchange, metal prices and interest rates. The Company does not have a practice of trading derivatives. In the past, the Company's use of derivatives was limited to specific programs to manage fluctuations in foreign exchange risk, which are subject to the oversight of the Board of Directors. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The risks associated with the Company's financial instruments and the policies on how the Company mitigates those risks are set out below. This is not intended to be a comprehensive discussion of all the risks facing the Company.</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">a)</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Market Risk</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; TEXT-INDENT: 48px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">&#160;&#160;&#160;&#160;</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This is the risk that the fair values of financial instruments will fluctuate owing to changes in market prices. The significant market risks to which the Company is exposed are price risk, foreign exchange risk and interest rate risk.</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">(i)</font></div>
</td>
<td style="PADDING-LEFT: 24px; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; TEXT-INDENT: -24px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Price Risk</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This is the risk that the fair values or future cash flows of the Company&#8217;s financial instruments will fluctuate because of changes in market prices. Income from mine operations in the next year depends on the metal prices for silver, and to a lesser extent, zinc. These prices are affected by numerous factors that are outside the control of the Company such as:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 36px; PADDING-TOP: 8px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 12px; FONT-FAMILY: inherit; FONT-SIZE: 11pt; PADDING-TOP: 8px">&#9642;</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">global or regional consumption patterns;</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 36px; PADDING-TOP: 8px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 12px; FONT-FAMILY: inherit; FONT-SIZE: 11pt; PADDING-TOP: 8px">&#9642;</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">the supply of, and demand for, these metals;</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 36px; PADDING-TOP: 8px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 12px; FONT-FAMILY: inherit; FONT-SIZE: 11pt; PADDING-TOP: 8px">&#9642;</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">speculative activities;</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 36px; PADDING-TOP: 8px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 12px; FONT-FAMILY: inherit; FONT-SIZE: 11pt; PADDING-TOP: 8px">&#9642;</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">the availability and costs of metal substitutes;</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 36px; PADDING-TOP: 8px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 12px; FONT-FAMILY: inherit; FONT-SIZE: 11pt; PADDING-TOP: 8px">&#9642;</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">inflation; and</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 36px; PADDING-TOP: 8px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 12px; FONT-FAMILY: inherit; FONT-SIZE: 11pt; PADDING-TOP: 8px">&#9642;</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">political and economic conditions, including interest rates and currency values.</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">17</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The principal financial instrument that the Company holds which is impacted by commodity prices is the embedded derivative within trade receivables. The majority of sales agreements are subject to pricing terms that settle within one to three months after delivery of concentrate, and this adjustment period represents the Company&#8217;s trade receivable exposure to variations in commodity prices.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company has not hedged the price of silver as part of its overall corporate strategy.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A 10% increase in the average commodity price for the year, with all other variables held constant, would have resulted in the following impact to the Company&#8217;s after-tax net income:</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="79%">&#160;</td>
<td width="9%">&#160;</td>
<td width="1%">&#160;</td>
<td width="10%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Products</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">10% increase in silver price</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15,412</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">9,005</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">10% increase in zinc price</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">346</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">605</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company holds certain investments in available-for-sale marketable securities which are measured at fair value, being the closing price of each equity investment at the balance sheet date. The Company is exposed to changes in share prices which would result in gains and losses being recognized in other comprehensive income.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">(ii)</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Currency Risk</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Currency risk is the risk that the fair values or future cash flows of the Company&#8217;s financial instruments will fluctuate because of changes in foreign currency rates. The Company&#8217;s financial instruments are exposed to currency risk where those instruments are denominated in currencies that are not the same as their functional currency; exchange gains and losses in these situations impact earnings. </font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following are the most significant areas of exposure to currency risk (all values expressed in USD):</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="9">&#160;</td>
</tr><tr>
<td width="49%">&#160;</td>
<td width="12%">&#160;</td>
<td width="1%">&#160;</td>
<td width="12%">&#160;</td>
<td width="1%">&#160;</td>
<td width="12%">&#160;</td>
<td width="1%">&#160;</td>
<td width="11%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="8" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31, 2012</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Canadian dollar</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Argentine peso</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Australian dollar</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mexican peso</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Cash</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">35,860</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">62,612</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5,583</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,482</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Marketable securities</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">19,034</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">15,699</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Value added tax receivable</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">65,976</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">3,521</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Export duty accrual</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(35,009</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(10,088</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(14,924</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(726</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Total</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">44,806</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">78,655</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">21,282</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">4,277</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="9">&#160;</td>
</tr><tr>
<td width="48%">&#160;</td>
<td width="12%">&#160;</td>
<td width="1%">&#160;</td>
<td width="12%">&#160;</td>
<td width="1%">&#160;</td>
<td width="12%">&#160;</td>
<td width="1%">&#160;</td>
<td width="12%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="8" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31, 2011</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Canadian dollar</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Argentine peso</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Australian dollar</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mexican peso</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Cash</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">80,480</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">6,051</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">584</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Marketable securities</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">13,753</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">19,787</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Accounts receivable</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5,045</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Value added tax receivable</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">89,636</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,006</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Export duty accrual</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(13,101</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(7,825</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(11,608</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(16,500</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(1,114</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Warrant liability</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(7,067</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Total</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">79,341</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">70,978</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">8,332</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">476</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company monitors and manages its foreign exchange risk with the objective of ensuring its group-wide exposure to negative fluctuations in currencies against the U.S. dollar is managed. As at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> the Company has </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">18</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">not entered into any derivatives to mitigate this risk. At December 31, 2012, the Company held $62.6 million in cash in Argentina. Argentine government regulations of U.S. dollar inflows and outflows restricts the Company's ability to repatriate cash generated by the Pirquitas mine. The Company is repatriating cash from Argentina under a fixed schedule of debt repayments. The Company is actively seeking ways to mitigate the risk on its cash balance of a devaluation of the Argentine peso. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A 10% increase in the U.S. dollar exchange rate on financial assets and liabilities denominated in the following currencies, with all other variables held constant, would have resulted in the following impact to the Company's after-tax net income:</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="76%">&#160;</td>
<td width="11%">&#160;</td>
<td width="1%">&#160;</td>
<td width="11%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Canadian dollar</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(3,361</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(5,830</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Argentine peso</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(5,269</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(5,635</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Australian dollar</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(1,490</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(630</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Mexican peso</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(300</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(33</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">(iii)</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Interest Rate Risk</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Interest rate risk is the risk that the fair values and future cash flows of the Company will fluctuate because of changes in market interest rates. Interest rate risk mainly arises from the interest rate impact on the Company's cash and cash equivalents because they are the only financial instrument the Company holds that earns interest based on variable market interest rates. The convertible notes have fixed interest rates and are not exposed to fluctuations in interest rates; a change in interest rates would impact the fair value of the instruments, but because the Company records the 2008 Notes at amortized cost there would be no impact on the financial results of the Company. The Company monitors its exposure to interest rates closely and has not entered into any derivative contracts to manage its risk. Similar risk exposures exist for the convertible notes issued in 2013.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">As at </font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the weighted average interest rate earned on the Company's cash and cash equivalents was 0.41% (</font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> - 0.14%). With other variables unchanged, a 1% increase in the annualized interest rate would increase after-tax net income by $2.6 million (</font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2011</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> - $2.3 million).</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">b)</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Credit Risk</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Credit risk is the risk that a third party might fail to discharge its obligations under the terms of a financial contract. The Company's credit risk is limited to the collectibility of trade receivables in the ordinary course of business and the quality of its financial investments. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Credit risk related to financial institutions and cash deposits</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> Under the Company&#8217;s investment policy investments are diversified and are made only in highly-rated financial institutions, corporate and government securities. The Company considers the risk of loss associated with these investments to be low.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Credit risk related to trade receivables</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> The Company is exposed to credit risk through its trade receivables on concentrate sales, which are principally with internationally recognized counterparties. Payments of receivables are scheduled, routine and received within a contractually agreed time frame. The Company manages this risk by requiring provisional payments of at least 80 percent of the value of the concentrate shipped and through utilizing multiple counterparties. By undertaking a process of diversifying its customer base from one in 2011 to four long-term customers in 2012 the Company has reduced this risk further.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Credit risk related to other financial assets</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> All other receivable balances are expected to be collectible in full due to the nature of the counterparties and/or a previous history of collectibility.</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">19</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company also has credit risk through its significant VAT receivable balance that is collectible from the government of Argentina. The balance is expected to be recoverable in full, however due to legislative rules and the complex collection process, a significant portion of the asset is classified as non-current until government approval of the recovery claim is approved.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company&#8217;s maximum exposure to credit risk as at December 31 was as follows:</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="79%">&#160;</td>
<td width="9%">&#160;</td>
<td width="1%">&#160;</td>
<td width="10%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">366,947</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">329,055</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Value added tax receivable</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">70,159</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">90,642</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">41,059</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">5,045</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Other financial assets</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1,847</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,768</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">480,012</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">426,510</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">At </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> no amounts were held as collateral.</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">c)</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Liquidity Risk</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Liquidity risk is the risk that the Company will not be able to meet its obligations over financial instruments as they fall due. The Company manages its liquidity risk through a rigorous planning and budgeting process, which is reviewed and updated on a regular basis, to help determine the funding requirements to support the Company's current operations, expansion and development plans, and by managing its capital structure. The Company's objective is to ensure that there are sufficient committed financial resources to meet its business requirements for a minimum of twelve months.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A detailed discussion of the Company's liquidity position and the maturity profile of financial liabilities presenting contractual undiscounted cash flows as at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, is presented above in item 8 of this MD&amp;A.</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In the opinion of management, working capital at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, together with future cash flows from operations is sufficient to support the Company's commitments through </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2013</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. For periods beyond </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2013</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> the current working capital and cash flows from operations are expected to support further development, exploration and growth.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company has no off balance sheet arrangements.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="sD87BD66BAC96946522EC4B734EB23FA0"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">11.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">OTHER RISKS AND UNCERTAINTIES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company is subject to a number of risks and uncertainties, each of which could have an adverse effect on its operating results, business prospects or financial position. The Company has discussed several of these risks and uncertainties below; however, for a more comprehensive list of the risks and uncertainties affecting its business, please refer to the section entitled "Risk Factors" in its Annual Report on Form 20-F for the year ended December 31, 2011, which is available at www.sedar.com and on the EGDAR section of the SEC website www.sec.gov, and to its Annual Information Form for the year ended December 31, 2012 to be filed on SEDAR in March 2013.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The production and cost estimates for the Pirquitas mine, the Pitarrilla project and the San Luis project may vary and/or not be achieved</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company has prepared estimates of future production, operating costs and capital costs for the Pirquitas mine, and the 2012 Pitarrilla Technical Report and the 2010 San Luis Technical Report contain estimates of future production, operating and capital costs and other economic and technical estimates relating to these projects. The Company cannot assure that such production, cost or other estimates will be achieved. Actual production and costs </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">20</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">may vary from the estimates depending on a variety of factors, many of which are not within the Company's control. These factors include, but are not limited to, actual ore mined varying from estimates of grade, tonnage, dilution, and metallurgical and other characteristics; short-term operating factors such as the need for sequential development of ore bodies and the processing of new or different ore grades from those planned; mine failures, slope failures or equipment failures; industrial accidents; natural phenomena such as inclement weather conditions, floods, droughts, rock slides and earthquakes; encountering unusual or unexpected geological conditions; changes in power costs and potential power shortages; exchange rate and commodity price fluctuations; shortages of principal supplies needed for operations, including explosives, fuels, chemical reagents, water, equipment parts and lubricants; labor shortages or strikes; high rates of inflation; civil disobedience and protests; and restrictions (including change to the taxation regime) or regulations (including import restrictions for equipment and material required for operations at the mines) imposed by governmental or regulatory authorities or other changes in the regulatory environments. Failure to achieve production or cost estimates or material increases in costs could have a material adverse impact on the Company's future cash flows, profitability, results of operations and financial condition.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company may be unable to replace its Mineral Reserves</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Pirquitas mine is the Company's only current source of metals production and revenue. The 2011 Pirquitas Technical Report provides for production at the Pirquitas mine to cease in 2020. If the Company's Mineral Reserves are not replaced either by the development of additional Mineral Reserves and/or additions to Mineral Reserves at the Pirquitas mine, there may be an adverse impact on the Company's future cash flows, income, results of operations and financial condition, and this may be compounded by requirements to expend funds for reclamation and decommissioning.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Political or economic instability or unexpected regulatory change in the countries where the Company's properties are located could adversely affect its business</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company currently conducts operations in Argentina, and has exploration projects in Mexico, Peru, Argentina, Chile, Canada and the United States, and as such the Company is exposed to various levels of economic, political and other risks and uncertainties. These risks and uncertainties vary from country to country and include, but are not limited to, royalties and tax increases or claims by governmental bodies, expropriation or nationalization, employee profit-sharing requirements, foreign exchange controls, restrictions on repatriation of profits, import and export regulations, cancellation or renegotiation of contracts, changing fiscal regimes and uncertain regulatory environments, fluctuations in currency exchange rates, high rates of inflation, changes in royalty and tax regimes, including the elimination of tax exemptions, underdeveloped industrial and economic infrastructure, unenforceability of contractual rights and judgments and environmental permitting regulations. The occurrence of these various factors and uncertainties cannot be accurately predicted and could adversely affect the Company's business.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The regulatory environment in Argentina continues to provide a challenging cost environment, especially with inflation at elevated levels. For example, on October 26, 2011, the Federal Government of Argentina announced that future export revenues derived from mining operations in Argentina must be repatriated to Argentina and converted into Argentine currency prior to being distributed either locally or overseas. The distribution of earnings overseas requires Argentine currency to be converted into foreign currency for repatriation. A bank transaction tax of 0.6% applies to the conversion of pesos to foreign currencies in transactions that would otherwise have been executed using offshore funds.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Additionally, in April 2012, the Federal Government of Argentina expropriated 51% of the equity interest in Yacimientos Petroliferos Fiscales ("YPF"), Argentina's largest oil and gas company, from the Spanish company Repsol S.A. ("Repsol"), without payment of any compensation. Argentina's President claimed that control of YPF was vital to the Argentinean national interest because Repsol had drained YPF instead of investing the money needed by YPF to meet domestic demand for fuel. Repsol disputes this claim and has said that it intends to seek full compensation. It remains to be seen what effect the nationalization of YPF will have on other industries in Argentina and the future of foreign investment in Argentina.</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">21</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company may be subject to a 10% export tax on production from the Pirquitas mine</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company entered into the Fiscal Stability Agreement with the government of Argentina in 1998 for production from the Pirquitas mine. In December 2007, the National Customs Authority of Argentina levied an export duty of approximately 10% from concentrates for projects with fiscal stability agreements pre-dating 2002. The Company has been advised that the Pirquitas mine is subject to this export duty despite contrary rights detailed under the Fiscal Agreement. The Company has challenged the export duty applied to silver concentrate and the matter is currently under review by the Federal court in Argentina. The Federal Court of Jujuy granted an order in the Company's favor effective September 29, 2010 to cease payment of the export duty on silver concentrates pending the decision of the courts. The Federal Court of Appeal (Salta) upheld the cease payment order in December 2012; however, the Federal Government of Argentina has appealed this decision to the Federal Supreme Court of Argentina. The appeal by the Federal Government of Argentina has also included the refund the Company claimed for the export duties paid before the cease payment order, as well as matters of procedure related to the uncertainty of the amount reclaimed.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 12pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">As of December 31, 2012 the Pirquitas mine has paid $</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 12pt">6.6</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> million in export duties against which it has filed for recovery. In accordance with the order to cease payment, the Company has not been paying export duties on silver concentrate but continue to accrue duties in full until the outcome of the claim is known with certainty. At December 31, 2012, the Company had accrued a liability totaling </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 12pt">$35.0</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> million.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">While the Company is of the view that the export duty levied on the Pirquitas mine has no legal merit, there is no assurance that the Company will be successful in the courts of Argentina or that the Company will not have to pay the full amount of the export duties going forward, as well as those that have accrued since September 29, 2010, plus interest and penalties. In the event that the Company is unsuccessful, this would negatively impact its financial position.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Suitable infrastructure may not be available or damage to existing infrastructure may occur</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Mining, processing, development and exploration activities depend, to one degree or another, on adequate infrastructure. Reliable roads, bridges, power sources and water supply are important determinants for capital and operating costs. The lack of availability on acceptable terms or the delay in the availability of any one or more of these items could prevent or delay exploitation or development of the Company's projects. If adequate infrastructure is not available in a timely manner, the Company cannot be assured that the exploitation or development of its projects will be commenced or completed on a timely basis, or at all, or that the resulting operations will achieve the anticipated production volume, or that the construction costs and operating costs associated with the exploitation and/or development of its projects will not be higher than anticipated. In addition, unusual weather phenomena, sabotage, civil disobedience, government or other interference in the maintenance or provision of such infrastructure could adversely affect the Company's operations and profitability.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company's activities are subject to environmental laws and regulations that may increase its costs and restrict its operations</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company's activities are subject to extensive laws and regulations governing the protection of the environment, natural resources and human health. These laws address, among other things, emissions into the air, discharges into water, management of waste, management of hazardous substances, protection of natural resources, antiquities and endangered species and reclamation of lands disturbed by mining operations. The Company is required to obtain governmental permits and in some instances provide bonding requirements under federal, state, or provincial air, water quality, and mine reclamation rules and permits. Although the Company makes provisions for reclamation costs, it cannot be assured that these provisions will be adequate to discharge its future obligations for these costs. Violations of environmental, health and safety laws are subject to civil sanctions, and, in some cases, criminal sanctions, including the suspension or revocation of permits. While responsible environmental stewardship is one of the Company's top priorities, the Company cannot assure that it has been or will be at all times in complete compliance with such laws, regulations and permits, or that the costs of complying with current and future </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">22</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">environmental laws and permits will not materially and adversely affect its business, results of operations or financial condition.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Under certain environmental laws, the Company could be held jointly and severally liable for removal or remediation of any hazardous substance contamination at its current, former and future properties, at nearby properties, or at other third-party sites where its wastes may have migrated or been disposed. The Company could also be held liable for damages to natural resource resulting from hazardous substance contamination. Additionally, environmental laws in some of the countries in which the Company operates require that it periodically performs environmental impact studies at its mines. The Company cannot guarantee that these studies will not reveal environmental impacts that would require the Company to make significant capital outlays or cause material changes or delays in its intended activities, any of which could adversely affect its business.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The failure to comply with environmental laws and regulations or liabilities related to hazardous substance contamination could result in project development delays, material financial impacts or other material impacts to the Company's projects and activities, fines, penalties, lawsuits by the government or private parties, or material capital expenditures. Environmental legislation in many countries is evolving and the trend has been towards stricter standards and enforcement, increased fines and penalties for non-compliance, more stringent environmental assessments of proposed projects and increasing responsibility for companies and their officers, directors and employees. Future changes in these laws or regulations could have a significant adverse impact on some portion of the Company's business, causing it to re-evaluate those activities at that time.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company is subject to anti-corruption laws</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company is subject to anti-corruption laws under the Canadian Corruption of Foreign Public Officials Act and the U.S. Foreign Corrupt Practices Act, which generally prohibit companies from engaging in bribery or other prohibited payments to foreign officials for the purpose of obtaining or retaining business. Corruption, extortion, bribery, pay-offs, theft and other fraudulent practices may occur from time-to-time in Argentina, Peru, Mexico or any other jurisdiction in which the Company may conduct business, and the Company cannot assure that its employees or other agents will not engage in such prohibited conduct for which it might be held responsible. If the Company's employees or other agents are found to have engaged in such practices, the Company could suffer severe penalties and other consequences that may have a material adverse effect on its business, financial condition and results of operations. The Company has an anti-corruption policy and internal controls and procedures intended to address compliance and business integrity issues and the Company trains its employees on anti-bribery compliance on a global basis. However, despite careful establishment and implementation the Company cannot assure that these or other anti-bribery, anti-fraud or anti-corruption policies and procedures are or will be sufficient to protect against fraudulent and/or corrupt activity. In particular, the Company, in spite of its best efforts, may not always be able to prevent or detect corrupt or unethical practices by employees or third parties, such as sub-contractors or joint venture partners, which may result in reputational damage, civil and/or criminal liability (under the Corruption of Foreign Public Officials Act, the U.S. Foreign Corrupt Practices Act or any other relevant compliance, anti-bribery, anti-fraud or anti-corruption laws) being imposed on the Company.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Compliance with emerging climate change regulations could result in significant costs and climate change may present physical risks to a mining company's operations</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Greenhouse gases ("GHGs") are emitted directly by the Company's operations, as well as by external utilities from which it purchases power. Currently, a number of international and national measures to address or limit GHG emissions, including the Kyoto Protocol, the Copenhagen Accord and the Durban Platform, are in various phases of discussion or implementation in the countries in which the Company operate. In particular, the Durban Platform commits all parties to the conference to develop a global mitigation regime which could take effect in 2020, with the specific terms of that legally binding accord, including individual targets, to be finalized by 2015. These, or future, measures could require the Company to reduce its direct GHG emissions or energy use or to incur significant costs for GHG emissions permits or taxes or have these costs or taxes passed on by electricity utilities which supply its operations. The Company could also incur significant costs associated with capital equipment, GHG monitoring and reporting and other obligations to comply with applicable requirements. For example, Australia implemented a </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">23</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">carbon trading scheme commencing in July 2012, with a fixed carbon price through July 2015. Other countries, including South Africa, Brazil and the United States, have passed or are considering GHG trading or tax schemes, and/or other regulation of GHG emissions, though the precise impact on the Company's operations cannot yet be determined.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In addition, the Company's operations could be exposed to a number of physical risks from climate change, such as changes in rainfall rates, rising sea levels, reduced water availability, higher temperatures and extreme weather events. Events or conditions such as flooding or inadequate water supplies could disrupt mining and transport operations, mineral processing and rehabilitation efforts, could create resource shortages and could damage the Company's property or equipment and increase health and safety risks on site. Such events or conditions could have other adverse effects on the Company's workforce and on the communities around its mines, such as an increased risk of food insecurity, water scarcity and prevalence of disease.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company's insurance coverage does not cover all of its potential losses, liabilities and damages related to its business and certain risks are uninsured and uninsurable</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company's business is subject to a number of risks and hazards generally, including adverse environmental conditions, industrial accidents, labor disputes, unusual or unexpected geological conditions, ground or slope failures, cave-ins, mechanical failures, changes in the regulatory environment and natural phenomena such as inclement weather conditions, fires, floods, hurricanes and earthquakes. Such occurrences could result in damage to mineral properties or production facilities, personal injury or death, environmental damage to the Company's properties or the properties of others, delays in mining, monetary losses and possible legal liability.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Although the Company maintains insurance to protect against certain risks in such amounts as it considers reasonable, its insurance will not cover all of the potential risks associated with a mining company's operations. The Company may also be unable to maintain insurance to cover these risks at economically feasible premiums. Insurance coverage may not continue to be available or may not be adequate to cover any resulting liability. Moreover, insurance against risks such as loss of title to mineral property, environmental pollution, or other hazards as a result of exploration and production is not generally available to the Company or to other companies in the mining industry on acceptable terms. The Company might also become subject to liability for pollution or other hazards which may not be insured against or which it may elect not to insure against because of premium costs or other reasons. Losses from these events may cause the Company to incur significant costs that could have a material adverse effect upon its financial performance, results of operations or financial condition.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Civil disobedience in certain of the countries where the Company's properties are located could adversely affect its business</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Acts of civil disobedience are common in certain of the countries where the Company's properties are located. In recent years, many mining companies have been the targets of actions to restrict their legally-entitled access to mining concessions or property. Such acts of civil disobedience often occur with no warning and can result in significant direct and indirect costs. The Company cannot assure that there will be no disruptions to site access in the future, which could adversely affect its business.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Some of the Company's operations are subject to significant safety and security risks</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company currently conducts operations in Argentina and have additional exploration projects in Mexico, Peru and other countries. As a result, the Company is exposed to various levels of safety and security risks which could result in injury, damage to property, work stoppages, or blockades of its mining operations. Some of the Company's operations, including the Pitarrilla project, are also located in areas where Mexican drug cartels are known to operate. Risks and uncertainties vary from region to region and include, but are not limited to: terrorism, hostage taking, local drug gang activities, military repression, labor unrest, and war or civil unrest. Local opposition to mine development projects could arise and such opposition may be violent. If the Company were to experience resistance or unrest in connection with its operations at the Pirquitas mine or planned operations at the Pitarrilla project, it could have a material adverse effect on its operations and profitability or financial condition.</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">24</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company may be required by human rights laws to take actions that delay the advancement of its projects</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Various international and national laws, codes, resolutions, conventions, guidelines and other materials relate to human rights (including rights with respect to health and safety and the environment surrounding the Company's operations). Many of these materials impose obligations on government and companies to respect human rights. Some mandate that government consult with communities surrounding the Company's projects regarding government actions that may affect local stakeholders, including actions to approve or grant mining rights or permits. The obligations of government and private parties under the various international and national materials pertaining to human rights continue to evolve and be defined. One or more groups of people may oppose the Company's current and future operations or further development or new development of its projects or operations. Such opposition may be directed through legal or administrative proceedings or expressed in manifestations such as protests, roadblocks or other forms of public expression against the Company's activities, and may have a negative impact on its reputation. Opposition by such groups to the Company's operations may require modification of, or preclude the operation or development of, its projects or may require it to enter into agreements with such groups or local governments with respect to its projects, in some cases causing considerable delays to the advancement of its projects.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Import restrictions on equipment or supplies could adversely affect the Company's ability to operate its business</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company is dependent on various supplies and equipment to carry out its operations at the Pirquitas mine. The Argentine Government has introduced measures requiring local sourcing of equipment and supplies wherever possible. The shortage or poor quality of supplies, equipment and parts as a result of such restrictions could have a material adverse effect on the Company's ability to carry out operations and therefore limit production or increase the cost thereof.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Changes in the interpretation of deferred strip cost reporting standards could adversely affect the Company's results of operations and profitability</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">On January 1, 2013, the Company adopted IFRIC 20 as its strip cost reporting standard. IFRIC 20 is effective for annual periods beginning on or after January 1, 2013. While the Company believes that its interpretation of IFRIC 20 is valid, it cannot assure that its interpretation will be the accepted industry standard once IFRIC 20 is adopted and interpreted by more companies. If the Company is required to change its interpretation of IFRIC 20 as a result of developments in industry practice, its results of operations and profitability may be adversely affected.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company is subject to credit risk through its significant VAT receivable balance collectible from the Government of Argentina</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company is subject to credit risk through its significant value added tax ("VAT") balance that is collectible from the government of Argentina. Due to legislative rules and a complex collection process, the Argentine VAT receivable is classified as non-current until it is approved by the government; thereafter, it is reclassified to current as the Company has greater certainty of the ability to collect within twelve months. As of December 31, 2012, the Company's non-current VAT receivable balance was $</font><font style="FONT-FAMILY: inherit; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">37.4 million</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. Legislative changes in Argentina in October 2012 have further tightened controls over the VAT collection process and could have a negative impact on the Company's ability to recover outstanding VAT balances.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">The Company is subject to increased regulatory compliance costs relating to the Dodd-Frank Act</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") was enacted, representing an overhaul of the framework for regulation of U.S. financial markets. The Dodd-Frank Act calls for various regulatory agencies, including the SEC and the Commodities Futures Trading Commission, to establish regulations for implementation of many of the provisions of the Dodd-Frank Act. If the Company fails to comply with new laws, regulations and standards, regulatory authorities may initiate legal proceedings against the Company and its business may be harmed. The Dodd-Frank Act also requires companies in the mining industry to disclose in their periodic reports filed with the SEC substantial additional information about safety issues relating to their mining </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">25</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">operations. In December 2011, the SEC approved amendments to its rules implementing the mine safety disclosure requirements contained in the Dodd-Frank Act. This heightened scrutiny could generate negative publicity for the mining industry, increase the cost of compliance with mining regulations or result in the passage of new laws and regulations, any of which could negatively affect the Company's business results. The Company may also need to incur additional costs and invest additional resources, including management's time, in order to comply with new regulations and additional reporting and disclosure obligations.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Enforcement of judgments or bringing actions outside of Canada or the United States against the Company and its directors and officers may be difficult</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">A substantial part of the assets of the Company are located outside of Canada and the United States and certain of the directors and officers of the Company are resident outside of Canada. In addition, the Company is organized under the laws of, and headquartered in, British Columbia, Canada, and a majority of its directors and officers are not citizens or residents of the United States. As a result, it may be difficult or impossible to (i) enforce judgments granted by a court in Canada against the Company's assets or its directors or officers residing outside of Canada, (ii) enforce in courts outside the United States judgments against the Company and its directors and officers obtained in the United States or (iii) bring in courts outside the United States an original action against the Company and its directors and officers to enforce liabilities based upon U.S. laws.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Certain terms of the Company's convertible notes</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Holders of the Company's 2.875% Convertible Senior Notes due 2033, that were issued in early 2013, may at their option require the Company to purchase the outstanding principal amount thereof on certain dates starting on February 1, 2020. If the noteholders make such request, the Company's liquidity may be negatively impacted at that time.</font></div>

<a name="s694776F83C1F3EB2A5FE4B74F7A719A3"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 29px; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">12.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">RELATED PARTY TRANSACTIONS</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">During the year ended December&#160;31, 2012, the Company recorded administrative, technical services and expense reimbursements of $0.5 million (2011- $0.1 million) from companies related by common directors or officers, including Pretium. At December&#160;31, 2012, trade and other receivables include $Nil (2011 - $0.1 million) and trade and other payables include $Nil (2011 - $0.7 million) with these related parties. Any amounts due from or payable to related parties are non-interest bearing and without specific terms of repayment. Any transactions for expense reimbursement with related parties are under normal business terms.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 0px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 18px; FONT-FAMILY: inherit; FONT-SIZE: 11pt">a)</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Key management compensation</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Key management includes directors (executive and non-executive) and other key officers of the Company, including the CEO, CFO and Senior Vice Presidents. The compensation paid or payable to key management for employee services is shown below:</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="64%">&#160;</td>
<td width="17%">&#160;</td>
<td width="1%">&#160;</td>
<td width="17%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31, 2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">December 31, 2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="TEXT-ALIGN: right; FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="TEXT-ALIGN: right; FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Salaries and other short-term employee benefits</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2,152</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2,252</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Post-employment benefits</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">25</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Termination benefits</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">1,067</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Share-based compensation </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 8pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(i)</font></font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3,897</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">2,904</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Total compensation</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6,064</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">6,248</font></div>
</td>
<td bgcolor="#c6f4f9" style="BORDER-BOTTOM: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(i)</font></font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Share-based compensation includes mark-to-market adjustments on cumulative Deferred Share Units ("DSU's") positions as reported in the Consolidated Statements of Income.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">26</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 0px"><font style="TEXT-ALIGN: justify; PADDING-RIGHT: 18px; FONT-FAMILY: inherit; FONT-SIZE: 11pt">a)</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Principal Subsidiaries</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries, the most significant of which are presented in the following table:</font></div>

<div style="TEXT-ALIGN: left; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 10pt; PADDING-TOP: 10px">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="4">&#160;</td>
</tr><tr>
<td width="44%">&#160;</td>
<td width="16%">&#160;</td>
<td width="14%">&#160;</td>
<td width="26%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Subsidiary</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Location</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ownership</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Project</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Pacific Rim Mining Corporation Argentina, S.A.</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Argentina</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Diablillos</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Minera Silver Standard Chile S.A.</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Chile</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Challacollo</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Silver Standard Durango S.A. de C.V.</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Mexico</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Pitarrilla</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Silver Standard Exploraciones S.A. de C.V.</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Mexico</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Veta Colorada and others</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Silver Standard Mexico S.A. de C.V.</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Mexico</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">San Agustin, Nazas and others</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Sociedad Minera Berenguela S.A.</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Peru</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Berenguela</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Reliant Ventures S.A.C.</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Peru</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">San Luis</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Candelaria Mining Company</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">USA (Delaware)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Candelaria</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Mina Pirquitas, Inc.</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">USA (Delaware)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Pirquitas</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Maverick Silver Inc.</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">USA (Nevada)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;100% </font><font style="TEXT-ALIGN: center; FONT-FAMILY: inherit; FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(*)</font></font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Maverick Springs</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Silver Standard U.S. Inc.</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">USA (Nevada)</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: center; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">100%</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Saddleback, Silver Creek</font></div>
</td>
</tr></table>
</div>
</div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(*)</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">The Maverick Springs project is held in a joint venture in which the Company has a 55% interest, representing all of the silver resources hosted in the project.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; TEXT-INDENT: -24px; PADDING-LEFT: 72px; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt"><br>
</font></div>

<a name="sDAC2FE2FB8794855B7134B76DCDC5406"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">13.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">SIGNIFICANT INVESTMENTS ACCOUNTED FOR BY THE EQUITY METHOD</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">At the beginning of 2012, the Company's ownership interest in Pretium was 28.39%. This interest was reduced by private placements in February and August 2012, a prospectus offering in May 2012, and the sale of 5.7 million shares following the exercise of warrants. As at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, the Company owned 18.9 million shares, which constituted a 20.02% ownership. This investment is being accounted for under the equity method. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following table is an estimation of the assets and liabilities, and net loss of Pretium, in thousands of U.S. dollars:</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="66%">&#160;</td>
<td width="16%">&#160;</td>
<td width="1%">&#160;</td>
<td width="16%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December&#160;31, 2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">December&#160;31, 2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Assets</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">645,058</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">506,167</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Liabilities</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(21,917</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(7,350</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr><tr>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#c6f4f9" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#8212;</font></div>
</td>
<td bgcolor="#c6f4f9" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">Net loss</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(15,286</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">(17,573</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: top; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">)</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 10px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt; PADDING-TOP: 10px"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Subsequent to the reporting date, on February 15, 2013, Pretium completed a private placement of 1,648,550 flow-through common shares, in which the Company elected not to participate. This share issuance by Pretium resulted in a dilution of the Company&#8217;s interest to 19.68%, with a dilution gain of approximately $1.9 million.</font></div>

<a name="s2DDD7431E238EEAF1C834B82EE9CC403"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">14.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">NON-GAAP FINANCIAL MEASURES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The non-GAAP financial measures presented do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be directly comparable to similar measures presented by other issuers. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-GAAP measures should be read in conjunction with the Company's consolidated financial statements for the year ended December 31, 2012. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">27</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Non-GAAP financial measures - Cash costs per ounce of silver</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company uses the non-GAAP measures of cash costs and total costs per payable ounce of silver to manage and evaluate operating performance. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, certain investors use this information to evaluate the Company's performance and ability to generate cash flows. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Changes to the Presentation of Non-GAAP Financial Measures</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">For the year ended December 31, 2012, the Company revised its presentation of its cash costs non-GAAP financial measure. Under the revised methodology, the Company reports cash costs and total costs on a "per payable ounce sold" basis, rather than on a per ounce produced basis as reported previously. Silver concentrate export duties that are being accrued but not paid have been reallocated to total production cost to reflect their non-cash nature as the Company has an order in its favor against their payment.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Cash costs consist of the cost of inventory as presented in the consolidated financial statements, third party smelting, treatment, refining and transportation costs, royalties, less by-product revenue.&#160; Total costs consist of total cash costs plus depreciation, depletion, amortization and silver concentrate export duties. The divisor for both measures is payable silver ounces sold in the period.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following table provides a reconciliation from the Company's consolidated income statement to cash costs and total costs:</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="14">&#160;</td>
</tr><tr>
<td width="45%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
<td width="8%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Q1</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Q2</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Q3</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Q4</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Total</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#160;$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#160;$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#160;$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#160;$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#160;$000s</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#160;$000s</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Cost of Sales, per consolidated statement of income</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">32,161</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">35,654</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">57,055</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">70,138</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">195,008</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">95,926</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Less: Depreciation, depletion and amortization</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">8,566</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">8,149</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">12,790</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">15,163</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">44,668</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">16,546</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Less: Export Duties</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,101</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">3,719</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">5,720</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">9,832</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">23,372</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">12,686</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Cost of Inventory</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19,494</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">23,786</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">38,545</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">45,143</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">126,968</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">66,694</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Treatment and refining costs</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,348</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">5,445</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">9,382</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">11,247</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">30,422</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">22,021</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Freight &amp; transportation costs</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,068</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,824</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,448</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,484</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">8,824</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">3,568</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">By-product revenue</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(638</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(512</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(88</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(575</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(1,813</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(5,766</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Cash Costs</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">25,272</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">30,543</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">50,287</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">58,299</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">164,401</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">86,517</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Export Duties</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">4,101</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">3,719</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">5,720</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">9,832</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">23,372</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">12,686</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Depreciation, depletion and amortization, per consolidated statement of income</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">8,566</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">8,149</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">12,790</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">15,163</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">44,668</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">16,546</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Total Costs</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">37,939</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">42,411</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">68,797</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">83,294</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">232,441</font></div>
</td>
<td bgcolor="#bfbfbf" style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">115,749</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Payable Ounces of Silver Sold</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,317,748</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">1,650,081</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2,571,195</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">3,049,751</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">8,588,775</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">4,391,475</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 17px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Cost of Inventory per ounce</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.79</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.42</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.99</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">14.80</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">14.78</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">15.19</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Cash Costs per ounce</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.18</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">18.51</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.56</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.12</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">19.14</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">19.70</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">Total Costs per ounce</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">28.79</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">25.70</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">26.76</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">27.31</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td bgcolor="#bfbfbf" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">27.06</font></div>
</td>
<td bgcolor="#bfbfbf" style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">26.36</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">28</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Non-GAAP financial measures - adjusted income (loss)</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company has included the non-GAAP financial performance measure of adjusted net income (loss) and adjusted basic earnings (loss) per share. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, certain investors may want to use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. </font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following table provides a reconciliation of adjusted net loss to the consolidated financial statements:</font></div>

<div style="TEXT-ALIGN: center; LINE-HEIGHT: 120%; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: normal; TEXT-INDENT: 0px; PADDING-LEFT: 0px; PADDING-TOP: 10px">
<table cellpadding="0" cellspacing="0" style="TEXT-ALIGN: left; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: times new roman; MARGIN-LEFT: auto; FONT-SIZE: 10pt; MARGIN-RIGHT: auto; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="5">&#160;</td>
</tr><tr>
<td width="70%">&#160;</td>
<td width="14%">&#160;</td>
<td width="1%">&#160;</td>
<td width="14%">&#160;</td>
<td width="1%">&#160;</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2012</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">2011</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#160;$000's</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#160;$000's</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Net income attributable to shareholders</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">54,826</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">80,128</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Adjusted for:</font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Gain on sale of other investments </font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">(4,853</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Gain on sale and write-off of mineral properties</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">86</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(54,480</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Gain on partial disposal of associate</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">(49,082</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(38,776</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Unrealised (gain) loss on financial instruments at FVTPL</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">2,501</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(20,182</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Gain on dilution of associate</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">(15,839</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(1,803</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Share of loss of associate</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">3,409</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">6,078</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Loss on marketable securities</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">9,354</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Dividend income</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">(701</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">&#8212;</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Adjusted net loss</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">(299</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(29,035</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Weighted average shares outstanding (000's)</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">80,744</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">80,324</font></div>
</td>
<td style="VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
</tr><tr>
<td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td colspan="2" style="PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; PADDING-TOP: 2px">
<div style="HEIGHT: 16px; FONT-SIZE: 10pt; OVERFLOW: hidden"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt">&#160; </font></div>
</td>
</tr><tr>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">Adjusted basic loss per share ($)</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#8212;</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid">
<div style="TEXT-ALIGN: left; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-LEFT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: right; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">(0.36</font></div>
</td>
<td style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px; PADDING-RIGHT: 2px; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; PADDING-TOP: 2px">
<div style="TEXT-ALIGN: left; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt">)</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<a name="sD31893AD8337DFEA03E34B8FE2D6DCD7"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">15.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">CRITICAL ACCOUNTING POLICIES AND ESTIMATES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Basis of preparation and accounting policies</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company has prepared its consolidated financial statements in accordance with IFRS as issued by the IASB. IFRS represents standards and interpretations approved by the IASB and are comprised of IFRS, International Accounting Standards ("IASs"), and interpretations issued by the IFRS Interpretations Committee ("IFRIC") and the former Standing Interpretations Committee ("SIC"). The consolidated financial statements have been prepared in accordance with IFRS and interpretations issued and outstanding as of December 31, 2012, and were approved as of February 28, 2013, the date the Audit Committee of the Board of Directors approved the consolidated financial statements. Note 2 of the consolidated financial statements for the year ended </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> provides details of significant accounting policies and accounting policy decisions for significant or potentially significant areas that have had an impact on the Company's financial statements or may have an impact in future periods.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">There were no changes to the accounting policies applied by the Company to each of the </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> quarterly unaudited interim consolidated financial statements, to those applied to the consolidated financial statements for the year ended </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Critical Accounting Estimates</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to use estimates and assumptions that affect the reported amounts of assets and liabilities, as well as revenues and expenses. </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">29</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Review of asset carrying values and impairment assessment</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> Each asset or cash generating unit is evaluated every reporting period to determine whether there are any indications of impairment. If any such indication exists, a formal estimate of recoverable amount is performed and an impairment loss is recognized to the extent that the carrying amount exceeds the recoverable amount. The recoverable amount of an asset or cash generating group of assets is measured at the higher of fair value less costs to sell and value in use.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The evaluation of asset carrying values for indications of impairment includes consideration of both external and internal sources of information, including such factors as market and economic conditions, production budgets and forecasts, and life-of-mine estimates.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The determination of fair value and value in use requires management to make estimates and assumptions about expected production, sales volumes, commodity prices, mineral reserves, operating costs, close down and restoration costs and future capital expenditures. The estimates and assumptions are subject to risk and uncertainty; hence, there is the possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impacts recorded in the consolidated statements of income.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Determination of mineral reserve and mineral resource estimates</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company estimates its Mineral Reserves and Mineral Resources based on information compiled by qualified persons as defined by National Instrument ("NI") 43-101. Mineral Reserves determined in this way are used in the calculation of depreciation, amortization and impairment charges, and for forecasting the timing of the payment of close down and restoration costs. In assessing the life of a mine for accounting purposes, mineral resources are only taken into account where there is a high degree of confidence of economic extraction. There are numerous uncertainties inherent in estimating Mineral Reserves, and assumptions that are valid at the time of estimation may change significantly when new information becomes available. Changes in the forecast prices of commodities, exchange rates, production costs or recovery rates may change the economic status of Mineral Reserves and may, ultimately, result in Mineral Reserve estimates being revised. Such changes in Mineral Reserves could impact on depreciation and amortization rates, asset carrying values and the provision for close down and restoration costs.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Determination of useful lives of property, plant and equipment</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> The Company uses the units-of-production method to depreciate mineral property expenditures, whereby depreciation is calculated using the tonnage of ore extracted from the mine in the period as a percentage of the total tonnage of ore expected to be extracted in current and future periods based on Mineral Reserves. As noted above, there are numerous uncertainties inherent in estimating Mineral Reserves which are fundamental to this calculation. Other assets are depreciated using the straight-line method, which includes significant management judgment to determine useful lives.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Valuation of inventory</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Stockpiled ore and finished goods are valued at the lower of cost and net realizable value ("NRV"). NRV is calculated as the estimated price at the time of sale based on prevailing and future metal prices less estimated future production costs to convert the inventory into saleable form and all associated selling costs. The determination of both estimated future sales price and production costs requires significant assumptions that may significantly impact the stated value of the Company's inventory.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Close down and restoration provisions</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> Close down and restoration costs are a normal consequence of mining, and the majority of close down and restoration expenditures are incurred near the end of the life of the mine. Provisions are recognized when the obligation occurs. The initial provisions are periodically reviewed during the life of the operation to reflect known developments, e.g. updated cost estimates and revisions to the estimated lives of operations. Although the ultimate cost to be incurred is uncertain, the Company estimates its costs based on studies using current restoration standards and techniques. The initial closure provisions together with changes, other than those arising from the unwinding of the discount applied in establishing the net present value of the provision, are capitalized within property plant and equipment and depreciated over the lives of the assets to which they relate.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">30</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The ultimate magnitude of these costs is uncertain, and cost estimates can vary in response to many factors including changes to the relevant legal requirements, the emergence of new restoration techniques or experience at other mine sites, local inflation rates and exchange rates when liabilities are anticipated to be settled in a currency other than the U.S. dollar. The expected timing of expenditure can also change, for example, in response to changes in Mineral Reserves or production rates or economic conditions. As a result there could be significant adjustments to the provision for close down and restoration, which would affect future financial results.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Determination of the fair value of share-based compensation</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The fair value of share options and other forms of share-based compensation granted is computed to determine the relevant charge to the consolidated statements of income. In order to compute this fair value, the Company uses option pricing models that require management to make various estimates and assumptions in relation to the expected life of the awards, volatility, risk-free interest rates, and forfeiture rates.</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Valuation of financial instruments </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company is required to determine the valuation of its convertible notes (at inception), and the embedded derivatives within sales contracts. The convertible notes required discounted cash flow analyses that involved various estimates and assumptions, whilst the valuation of the revenue derivatives requires estimates of settlement dates and future metal prices.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Deferred tax assets and liabilities</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The determination of the Company&#8217;s tax expense for the period and deferred tax assets and liabilities involves significant estimation and judgment by management. In determining these amounts, management interprets tax legislation in a variety of jurisdictions and makes estimates of the expected timing of the reversal of deferred tax assets and liabilities. Management also makes estimates of future earnings which affect the extent to which potential future tax benefits may be used. The Company is subject to assessments by various taxation authorities, which may interpret legislation differently. These differences may affect the final amount or the timing of the payment of taxes. The Company provides for such differences, where known, based on management&#8217;s best estimate of the probable outcome of these matters.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Functional currency</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold"> </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The determination of a subsidiary's functional currency often requires significant judgment where the primary economic environment in which they operate may not be clear. This can have a significant impact on the consolidated results of the Company based on the foreign currency translation method required.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="s3FE939E6D7AA7056732C4B9630F33BAA"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">16.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">FUTURE ACCOUNTING CHANGES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 9pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 9pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The standards and interpretations that are issued but not yet effective listed below, are those that may have an impact on the Company's disclosures, financial position or performance when applied at a future date. The Company intends to adopt these standards and interpretations, if applicable, when they become effective.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Standards effective for the Company from January 1, 2013:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Amendments to IAS 1, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Presentation of Items of Other Comprehensive Income (OCI)</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The amendments to IAS 1 change the grouping of items presented in OCI. Items that could be reclassified (or recycled) to profit or loss at a future point in time would be presented separately from items that will never be reclassified. The amendment affects presentation only and therefore will have no impact on the Company&#8217;s financial position or performance.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">IFRS 10,</font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline"> Consolidated Financial Statements</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IFRS 10 replaces the portion of IAS 27 </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Consolidated and Separate Financial Statements </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">that addresses the accounting for consolidated financial statements. It also addresses the issues covered in SIC-12 </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Consolidation &#8212; Special Purpose Entities</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. IFRS 10 establishes a single control model that applies to all entities including structured entities (previously referred to as special purpose entities). The changes introduced by IFRS 10 will require management to exercise significant judgment to determine which entities are controlled, and therefore are required to be consolidated, by a </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">31</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">parent, compared with the requirements that were in IAS 27. Based on the preliminary analysis performed, IFRS 10 is not expected to have any impact on the Company's financial position or performance.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">IFRS 11,</font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline"> Joint Arrangements</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IFRS 11 replaces IAS 31, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Interests in Joint Ventures </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">and SIC-13, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Jointly-controlled Entities &#8212; Non-monetary Contributions by Venturers</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">. IFRS 11 removes the option to account for jointly controlled entities ("JCEs") using proportionate consolidation. Instead, JCEs that meet the definition of a joint venture must be accounted for using the equity method. Based on the preliminary analysis performed, IFRS 11 is not expected to have any impact on the Company.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">IFRS 12, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Disclosure of Interests in Other Entities</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IFRS 12 includes all of the disclosures that were previously in IAS 27 relating to consolidated financial statements, as well as all of the disclosures that were previously included in IAS 28 and IAS 31. These disclosures relate to an entity&#8217;s interests in subsidiaries, joint arrangements, associates and structured entities. New disclosures may be required, but will have no impact on the Company&#8217;s financial position or performance.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">IFRS 13, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Fair Value Measurement</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IFRS 13 establishes a single source of guidance under IFRS for all fair value measurements. IFRS 13 does not change when an entity is required to use fair value, but rather provides guidance on how to measure fair value under IFRS when fair value is required or permitted. The Company is currently assessing the impact that this standard will have on the financial position and performance, but based on the preliminary analysis, no material impact is expected.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">IFRIC 20, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Stripping Costs in the Production Phase of a Surface Mine</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">In October 2011, the IASB issued IFRIC 20, which provides guidance on the accounting for costs of stripping activities during the production phase of a surface mine. Stripping activity may provide access to ore that can be used to produce inventory or provide improved access to ore that will be used in the future and costs associated with improved access may be capitalized. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company will amend its accounting policy on production phase stripping costs to consider components of the pit in an assessment of whether a future benefit has been created. The Company anticipates that this will lead to an increase in the amount of stripping costs that are capitalized over the life of an open pit mine. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Following adoption on January 1, 2013, the standard is required to be applied to the earliest period presented, for the Company, this would start from January 1, 2012. Based on analysis performed, the restated 2012 financial statements will show an increase in property, plant and equipment, a decrease in inventory and an increase in net income. The magnitude of these changes are currently under review in preparation for the Company's first quarter 2013 reporting. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">Annual Improvements May 2012</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IAS 1, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Presentation of Financial Statements: </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">clarifies the difference between voluntary additional comparative information and the minimum required comparative information. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IAS 16, P</font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">roperty, Plant and Equipment: </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">clarifies that major spare parts and servicing equipment that meet the definition of property, plant and equipment are not inventory.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IAS 32, </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Financial Instruments: Presentation: </font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">clarifies that income taxes arising from distributions to equity holders are accounted for in accordance with IAS 12 </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Income Taxes</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The Company expects no impact on its financial position, performance, disclosures or stated accounting policies</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">from the adoption of these amendments.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">32</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Standards applicable after 2013:</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline">IFRS 9,</font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt; TEXT-DECORATION: underline"> Financial Instruments: Classification and Measurement</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">IFRS 9, as issued, reflects the first phase of the IASB&#8217;s work on the replacement of IAS 39 and applies to classification and measurement of financial assets and financial liabilities as defined in IAS 39. The standard was initially effective for annual periods beginning on or after January 1, 2013, but </font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Amendments to IFRS 9 Mandatory Effective Date of IFRS 9 and Transition Disclosures</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, issued in December 2011, moved the mandatory effective date to January 1, 2015. In subsequent phases, the IASB will address hedge accounting and impairment of financial assets. The Company will quantify the effect in conjunction with the other phases, when the final standard, including all phases, is issued.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="s33B7A480C938717A7DBE4B98F3684D16"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">17.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">INTERNAL CONTROL OVER FINANCIAL REPORTING AND DISCLOSURE CONTROLS AND PROCEDURES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Management is responsible for establishing and maintaining adequate internal control over financial reporting and disclosure controls and procedures. Any system of internal control over financial reporting, no matter how well designed, has inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. </font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Management's Annual Report on Internal Control over Financial Reporting and Disclosure Controls and Procedures.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">The following report is provided by management in respect of internal control over financial reporting and disclosure controls and procedures (as defined in the rules of the CSA and the SEC): </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">(1) Management is responsible for establishing and maintaining adequate internal control over financial reporting and disclosure controls and procedures. All internal control systems, no matter how well designed, have inherent limitations and may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">(2) Management has used the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") framework to evaluate the effectiveness of the Company's internal control over financial reporting. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">(3) As at </font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 11pt; TEXT-DECORATION: none">December&#160;31, 2012</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">, management assessed the effectiveness of the Company's internal control over financial reporting and disclosure controls and procedures and concluded that such internal control over financial reporting and disclosure controls and procedures were effective and that there were no material weaknesses in the Company's internal control over financial reporting. </font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<a name="sE4BD16DC5001D576E84A4B9D8146A942"><!--EFPlaceholder--></a>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; PADDING-LEFT: 24px; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>

<div>
<table cellpadding="0" cellspacing="0" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td style="WIDTH: 24px">&#160;</td>
<td>&#160;</td>
</tr><tr>
<td style="VERTICAL-ALIGN: top">
<div style="LINE-HEIGHT: 120%; PADDING-LEFT: 0px; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">18.</font></div>
</td>
<td style="VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">CAUTIONARY NOTES&#160;REGARDING FORWARD-LOOKING STATEMENTS AND MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt; FONT-WEIGHT: bold">Cautionary Note Regarding Forward-Looking Statements</font></div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This MD&amp;A contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (collectively, &#8220;forward-looking statements&#8221;). All statements, other than statements of historical fact, are forward-looking statements. </font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Generally, forward-looking statements can be identified by the use of words or phrases such as &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;estimates,&#8221; &#8220;assumes,&#8221; &#8220;intends,&#8221; &#8220;strategy,&#8221; &#8220;goals,&#8221; &#8220;objectives,&#8221; &#8220;potential,&#8221; or variations thereof, or stating that certain actions, events or results &#8220;may,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;might&#8221; or &#8220;will&#8221; be </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">33</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">taken, occur or be achieved, or the negative of any of these terms or similar expressions. The forward-looking statements in this MD&amp;A relate to, among other things: future production of silver and other metals; future mining costs and cash costs per ounce of silver; the price of silver and other metals; the effects of laws, regulations and government policies affecting the Company's operations or potential future operations; future successful development of the Company's projects; the sufficiency of the Company's current working capital, anticipated operating cash flow or the Company's ability to raise necessary funds; estimated production rates for silver and other payable metal produced by the Company; timing of production and the cash and total costs of production at the Pirquitas mine; the estimated cost of sustaining capital; ongoing or future development plans and capital replacement, improvement or remediation programs; the anticipated use of proceeds from the Company's offering of 2013 Notes; the Company's planned changes to the presentation of non-GAAP financial measures; and the estimates of expected or anticipated economic returns from the Company's mining projects including: future sales of metals, concentrates or other products produced by the Company; and the Company's plans and expectations for its properties and operations.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, the following risks and uncertainties: uncertainty of production and cost estimates for the Pirquitas mine, the Pitarrilla project and the San Luis project; future development risks, including start-up delays and operational issues; inability to replace Mineral Reserves; inability to obtain adequate financing for further exploration and development programs; commodity price fluctuations; the possibility of future losses; general economic conditions; the recoverability of the Company's interest in Pretium Resources Inc. (&#8220;Pretium&#8221;), including the price of and market for Pretium's common shares; counterparty and market risks related to the sale of the Company's concentrates and metals; political instability and unexpected regulatory change; potential export tax on production from the Pirquitas mine; differences in U.S. and Canadian practices for reporting Mineral Reserves and Mineral Resources; uncertainty in the accuracy of Mineral Reserves and Mineral Resources estimates and in the Company's ability to extract mineralization profitably; uncertainty in acquiring additional commercially mineable mineral rights; lack of suitable infrastructure or damage to existing infrastructure; the Company's revenue being derived from a single operation; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits the Company has obtained; increased costs and restrictions on operations due to compliance with environmental laws and regulations; reclamation requirements for the Company's exploration properties; unpredictable risks and hazards related to the development and operation of a mine or mine property that are beyond the Company's control; governmental regulations, including environmental regulations; non-compliance with anti-corruptions laws; complying with emerging climate change regulations and the impact of climate change; uncertainties related to title to the Company's mineral properties and the ability to obtain surface rights; the Company's insurance coverage; civil disobedience in the countries where the Company's properties are located; operational safety and security risks; actions required to be taken by the Company under human rights law; currency fluctuations; competition for mining services and equipment; competition in the mining industry for properties, qualified personnel and management; shortage or poor quality of equipment or supplies; the Company's ability to attract and retain qualified management to grow the business; compliance with the requirements of the Sarbanes-Oxley Act; the Company's adoption of IFRIC 20; tightened controls over the VAT collection process in Argentina; increased regulatory compliance costs related to the Dodd-Frank Act; conflicts of interest that could arise from some of the Company's directors' and officers' involvement with other natural resource companies; claims and legal proceedings; potential difficulty in enforcing judgments or bringing actions against the Company or the Company's directors or officers outside the United States; certain terms of the Company's convertible notes; the Company's policy of not paying cash dividends for the foreseeable future; and other risks related to the Company's common shares.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. The Company's forward-looking statements are based on what management considers to be reasonable assumptions, beliefs, expectations and opinions based on information currently available to management. The Company cannot assure that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. </font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">Assumptions have been made regarding, among other things, the Company's ability to carry on the Company's exploration and development activities, the Company's ability to meet the Company's obligations under the Company's </font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">34</font></div>
</div>

<hr style="PAGE-BREAK-AFTER: always">
<div>
<div style="LINE-HEIGHT: 120%; FONT-SIZE: 10pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 10pt"><br>
</font></div>
</div>

<br>
<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">property agreements, the timing and results of drilling programs, the discovery of Mineral Resources and Mineral Reserves on the Company's mineral properties, the timely receipt of required approvals and permits including obtaining the necessary surface rights for the lands required for successful project permitting, construction and operation of the Pitarrilla project, the price of the minerals the Company produces, the costs of operating and exploration expenditures, the Company's ability to operate in a safe, efficient and effective manner and the Company's ability to obtain financing as and when required and on reasonable terms and the Company's ability to continue operating the Pirquitas mine. The foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.</font></div>

<div style="TEXT-ALIGN: justify; PADDING-BOTTOM: 16px; LINE-HEIGHT: 120%; FONT-SIZE: 12pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Cautionary Note Regarding Mineral Reserves and Mineral Resources Estimates</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This MD&amp;A uses Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with Canadian National Instrument 43-101-</font><font style="FONT-STYLE: italic; FONT-FAMILY: inherit; FONT-SIZE: 11pt">Standards of Disclosure for Mineral Projects</font><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"> (&#8220;NI 43-101&#8221;). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements of the SEC set out in Industry Guide 7. Consequently, Mineral Reserves and Mineral Resources information included in this MD&amp;A is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This MD&amp;A uses the terms &#8220;Proven Mineral Reserves&#8221; and &#8220;Probable Mineral Reserves.&#8221; U.S. investors are advised that the definitions of these terms under NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC standards, mineralization may not be classified as a &#8220;reserve&#8221; unless the determination has been made that the mineralization could be economically produced or extracted at the time the reserve determination is made. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify mineralized material as reserves under SEC standards. Accordingly, Mineral Reserves estimates included in this MD&amp;A may not qualify as &#8220;reserves&#8221; under SEC standards.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt">This MD&amp;A also uses the terms &#8220;Mineral Resources,&#8221; &#8220;Measured Mineral Resources,&#8221; &#8220;Indicated Mineral Resources&#8221; and &#8220;Inferred Mineral Resources&#8221; to comply with reporting standards in Canada. The SEC's Industry Guide 7 does not recognize Mineral Resources and U.S. companies are generally not permitted to disclose resources in documents they file with the SEC. Furthermore, disclosure of &#8220;contained ounces&#8221; is permitted disclosure under Canadian regulations; however, the SEC permits issuers to report mineralization that does not constitute &#8220;reserves&#8221; by SEC standards only as in place tonnage and grade without reference to unit measures. Investors are specifically cautioned not to assume that all or any part of the mineral deposits in these categories will ever be converted into SEC defined Mineral Reserves. Further, &#8220;Inferred Mineral Resources&#8221; have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists. In accordance with Canadian rules, estimates of &#8220;Inferred Mineral Resources&#8221; cannot form the basis of feasibility or pre-feasibility studies. It cannot be assumed that all or any part of &#8220;Mineral Resources,&#8221; &#8220;Measured Mineral Resources,&#8221; &#8220;Indicated Mineral Resources&#8221; or &#8220;Inferred Mineral Resources&#8221; will ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of the &#8220;Mineral Resources,&#8221; &#8220;Measured Mineral Resources,&#8221; &#8220;Indicated Mineral Resources&#8221; or &#8220;Inferred Mineral Resources&#8221; reported in this MD&amp;A is economically or legally mineable.</font></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<div style="LINE-HEIGHT: 120%; FONT-SIZE: 11pt"><font style="FONT-FAMILY: inherit; FONT-SIZE: 11pt"><br>
</font></div>

<br>
<div>
<div style="TEXT-ALIGN: right; LINE-HEIGHT: 120%; FONT-SIZE: 8pt"><font style="FONT-SIZE: 8pt">35</font></div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>eh1300409_ex9903.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
        <head>
                <!-- Document created using WebFilings (GoFiler Tidy) 1 -->
                <!-- Copyright 2008-2013 WebFilings LLC. All Rights Reserved -->
                <title>2012 Q4 Financial Statements</title>
        </head>
        <body style="font-family:Times New Roman;font-size:10pt;">
<a name="sDCBE74E636ED546F53243B3BFFC09FEA"></a><div></div><br>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:right;font-size:18pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXHIBIT 99.3</font></div>
<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">Silver Standard Resources Inc.</font></div>

<div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Consolidated Financial Statements</font></div>

<div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">December 31, 2012 and 2011</font></div><br>

<div></div><hr style="page-break-after:always"><a name="sDCBE74E636ED546F53243B3BFFC09FEA"></a>

<div></div><br>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Management&#8217;s Responsibility for the Financial Statements</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation and presentation of the accompanying consolidated financial statements and Management&#8217;s Discussion and Analysis (&#8220;MD&amp;A&#8221;) are the responsibility of management and have been approved by the Board of Directors.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). Financial statements, by nature, are not precise since they include certain amounts based upon estimates and judgments. When alternative methods exist, management has chosen those it deems to be the most appropriate in the circumstances.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management, under the supervision of and the participation of the Chief Executive Officer and the Chief Financial Officer, has a process in place to evaluate disclosure controls and procedures and internal control over financial reporting as required by Canadian and U.S. securities regulations. We, as Chief Executive Officer and as Chief Financial Officer, will certify our annual filings with the Canadian Securities Administrators ('CSA') and Securities and Exchange Commission ('SEC') as required in Canada by National Instrument 52-109 and in the United States as required by the Sarbanes-Oxley Act of 2002.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Board of Directors is responsible for ensuring that management fulfills its responsibilities for financial reporting and is ultimately responsible for reviewing and approving the consolidated financial statements. The Board carries out this responsibility principally through its Audit Committee which is independent from management.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Audit Committee is appointed by the Board of Directors and reviews the consolidated financial statements and MD&amp;A; considers the report of the external auditors; assesses the adequacy of our internal controls, including management&#8217;s assessment described below; examines the fees and expenses for audit services; and recommends to the Board the independent auditors for appointment by the shareholders. The independent auditors have full and free access to the Audit Committee and meet with it to discuss their audit work, our internal control over financial reporting and financial reporting matters. The Audit Committee reports its findings to the Board for consideration when approving the consolidated financial statements for issuance to the shareholders and management&#8217;s assessment of the internal control over financial reporting.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Management&#8217;s Report on Internal Control over Financial Reporting</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management is responsible for establishing and maintaining adequate internal control over financial reporting. Management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2012 using criteria established in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Internal Control &#8211; Integrated Framework</font><font style="font-family:inherit;font-size:10pt;">&#32;issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, management concluded that our internal control over financial reporting was effective as of December 31, 2012.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PricewaterhouseCoopers LLP, our auditor, has audited the effectiveness of our internal control over financial reporting as of December 31, 2012, as stated in their report which appears herein.</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="2"></td></tr>
<tr>
    <td width="59%"></td>
    <td width="41%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;John Smith&#8221;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Gregory Martin&#8221;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">John Smith</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gregory Martin</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">President and Chief Executive Officer</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior Vice President and Chief Financial Officer</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">February&#160;28, 2013</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="s3AAECC57A2EE3E636F923B3DD1327E51"></a>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div></div><br>

<div style="line-height:120%;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">February&#160;28, 2013</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Independent Auditor's Report</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">To the Shareholders of Silver Standard Resources Inc.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have completed an integrated audit of Silver Standard Resources Inc.'s and its subsidiaries' (the &#8220;Company&#8221;) December&#160;31,&#160;2012 and 2011 consolidated financial statements and their internal control over financial reporting as at December&#160;31,&#160;2012. Our opinions, based on our audits, are presented below. </font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Report on the consolidated financial statements </font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have audited the accompanying consolidated financial statements of Silver Standard Resources Inc. and its subsidiaries, which comprise the consolidated statement of financial position as at December&#160;31,&#160;2012 and December&#160;31,&#160;2011 and the consolidated statements of income, comprehensive income, changes in shareholders' equity and cash flows  for the years then ended December 31, 2012 and 2011, and the related notes, which comprise a summary of significant accounting policies and other explanatory information.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Management's responsibility for the consolidated financial statements</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board</font><font style="font-family:inherit;font-size:10pt;color:#ff0000;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:10pt;">and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.</font></div>

<div style="line-height:120%;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Auditor's responsibility</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with Canadian generally accepted auditing standards and the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated</font><font style="font-family:inherit;font-size:10pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:10pt;">financial statements are free from material misstatement. Canadian generally accepted auditing standards also require that we comply with ethical requirements.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An audit involves performing procedures to obtain audit evidence, on a test basis, about the amounts and disclosures in the consolidated</font><font style="font-family:inherit;font-size:10pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:10pt;">financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the consolidated</font><font style="font-family:inherit;font-size:10pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:10pt;">financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the company's preparation and fair presentation of the consolidated</font><font style="font-family:inherit;font-size:10pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:10pt;">financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting principles and policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated</font><font style="font-family:inherit;font-size:10pt;color:#ff0000;">&#32;</font><font style="font-family:inherit;font-size:10pt;">financial statements.2</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe that the audit evidence we have obtained in our audit is sufficient and appropriate to provide a basis for our audit opinion on the consolidated financial statements.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Opinion</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of Silver Standard Resources Inc. and its subsidiaries as at December 31, 2012 and 2011 and their financial performance and their cash flows for the years then ended December 31, 2012 and 2011 in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Report on internal control over financial reporting </font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have also audited Silver Standard Resources Inc.'s and its subsidiaries' internal control over financial reporting as at December 31, 2012, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div></div><br>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Management's responsibility for internal control over financial reporting</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in Management's Report on Internal Control over Financial Reporting.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Auditor's responsibility</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our responsibility is to express an opinion on the Company's internal control over financial reporting based on our audit. We conducted our audit of internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An audit of internal control over financial reporting includes obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we consider necessary in the circumstances.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe that our audit provides a reasonable basis for our audit opinion on the Company's internal control over financial reporting.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Definition of internal control over financial reporting</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that: (i)&#160;pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii)&#160;provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii)&#160;provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. </font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Inherent limitations</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Opinion</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In our opinion, Silver Standard Resources Inc. and its subsidiaries maintained, in all material respects, effective internal control over financial reporting as at December 31, 2012, based on criteria established in Internal Control - Integrated Framework issued by COSO.</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">signed &#8220;PricewaterhouseCoopers LLP&#8221;</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Chartered Accountants</font></div>

<div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s49E3E1CA13E0944693D03B3ED7CE7D4A"></a>

<div></div><br>

<div style="line-height:120%;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CONTENTS</font></div>

<div style="line-height:120%;text-align:left;font-size:9pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="2"></td></tr>
<tr>
    <td width="2%"></td>
    <td width="98%"></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s32EC675465E557120C4E3B3F8379973B"><font style="font-family:inherit;font-size:9pt;">Consolidated Statements of Financial Position</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sD210908FF4BCCE4998BB3B436176F365"><font style="font-family:inherit;font-size:9pt;">Consolidated Statements of Income</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s5F43A5AB23249CEA67193B43C877C089"><font style="font-family:inherit;font-size:9pt;">Consolidated Statements of Comprehensive Income</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sFC178F1267155438BB863B444B03D607"><font style="font-family:inherit;font-size:9pt;">Consolidated Statements of Changes in Shareholders&#8217; Equity</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s7F05E5B342A39F8CF0A83B4645A06E2A"><font style="font-family:inherit;font-size:9pt;">Consolidated Statements of Cash Flows</font></a></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s3A239ACEFA44B2A8CD2F3B4770FFAEB8"><font style="font-family:inherit;font-size:9pt;">Note 1 &#8211; Nature of operations</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sBB8A8BDC0FD9209672223B4E546F3388"><font style="font-family:inherit;font-size:9pt;">Note 2 &#8211; Summary of significant accounting policies</font></a></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Statements of Financial Position</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s5BB75D43662308C1A0043B9AF5FCAFAD"><font style="font-family:inherit;font-size:9pt;">Note 3 &#8211; Cash and cash equivalents</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s26C3F46EA48F8ECB1A673BA2CE195909"><font style="font-family:inherit;font-size:9pt;">Note 4 &#8211; Trade and other receivables</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s3D9FD0232D6C1E771C903BA71D803B86"><font style="font-family:inherit;font-size:9pt;">Note 5 &#8211; Other assets</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sA044253A21A8BD91A75B3BA7D5222CE2"><font style="font-family:inherit;font-size:9pt;">Note 6 &#8211; Inventory</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s5ADED074641EEC5A9D043BA85224BB4C"><font style="font-family:inherit;font-size:9pt;">Note 7 &#8211; Property, plant and equipment</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s27B6651FF8BBC43081CA3BAC26A7FA7F"><font style="font-family:inherit;font-size:9pt;">Note 8 &#8211; Investment in associate</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s75E8BAB45176321616693BADB367C523"><font style="font-family:inherit;font-size:9pt;">Note 9 &#8211; Current and deferred income tax</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s331956052BA8C091AA9C3BAF22392676"><font style="font-family:inherit;font-size:9pt;">Note 10 &#8211; Value added tax receivable</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sC984B13E9AA37FBA4BCD3BAF8EBE3043"><font style="font-family:inherit;font-size:9pt;">Note 11 &#8211; Trade and other payables</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sFBF5E7FD9FC0B76796673BAFF009932A"><font style="font-family:inherit;font-size:9pt;">Note 12 &#8211; Warrant liability</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s5BA630FDC5F348F612143BB088F09E9F"><font style="font-family:inherit;font-size:9pt;">Note 13 &#8211; Close down and restoration provision</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s163689AA341858CF65BC3BB2D1792B5F"><font style="font-family:inherit;font-size:9pt;">Note 14 &#8211; Convertible notes</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Statements of Shareholders&#8217; Equity</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sE9D8A692F86440231EDA3BB383D0AF83"><font style="font-family:inherit;font-size:9pt;">Note 15 &#8211; Share capital and share-based payments</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s17091AAF1579696CDBFE3BB4EA73AAD7"><font style="font-family:inherit;font-size:9pt;">Note 16 &#8211; Other reserves</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Statements of Income</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s4B2FAC52626D2A4DC35E3BB578668F8F"><font style="font-family:inherit;font-size:9pt;">Note 17 &#8211; Operating costs by nature</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s7E998E9B98B394B76F033BBE4352CF49"><font style="font-family:inherit;font-size:9pt;">Note 18 &#8211; Finance income and expenses</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s0EDD2CBCAA33C82C9A693BBEDFF087B8"><font style="font-family:inherit;font-size:9pt;">Note 19 &#8211; Other income (other expenses)</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sCEBF4DB1CACAA079D9483BBFCE8E1A18"><font style="font-family:inherit;font-size:9pt;">Note 20 &#8211; Earnings per share</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Additional Disclosures</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sFB9540EE07744ACB71B73BC0770B40A9"><font style="font-family:inherit;font-size:9pt;">Note 21 &#8211; Operating segments</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sD1D7B081E4AF1A926CB63BCAFF65740D"><font style="font-family:inherit;font-size:9pt;">Note 22 &#8211; Financial instruments</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sDD8165F6A7D6703B0FCB3BCCEB737927"><font style="font-family:inherit;font-size:9pt;">Note 23 &#8211; Financial risk management</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#sAF114B48F284BE5B8AB53BCE29FA6996"><font style="font-family:inherit;font-size:9pt;">Note 24 &#8211; Related party transactions</font></a></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><a style="text-decoration:underline;color:#0000FF;" href="#s207D48678BEFE9336F433BCEC1E584AA"><font style="font-family:inherit;font-size:9pt;">Note 25 &#8211; Supplemental cash flow information</font></a></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s32EC675465E557120C4E3B3F8379973B"></a>

<div></div><br>

<div style="line-height:120%;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Consolidated Statements of Financial Position</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">As at December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(expressed in thousands of United States dollars)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="6"></td></tr>
<tr>
    <td width="63%"></td>
    <td width="9%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Current assets</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">366,947</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">329,055</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other receivables</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">83,454</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,401</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other current assets</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">41,077</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,539</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">102,293</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94,681</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">593,771</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">476,676</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-current assets</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, plant and equipment</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">540,077</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">544,111</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment in associate</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">119,632</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136,342</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred income tax assets</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">18,132</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,591</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Value added tax receivable</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">37,363</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,160</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other non-current assets</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7,937</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,222</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total assets</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,316,912</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,276,102</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Current liabilities</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other payables</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">79,007</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48,023</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxes payable</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,498</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Warrant liability</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,067</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible notes</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">135,805</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">214,812</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,588</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-current liabilities</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred income tax liabilities</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,551</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,331</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Close down and restoration provision</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">31,222</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,653</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible notes</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125,313</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivative liability</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,242</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total liabilities</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">259,585</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">292,127</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shareholders' equity</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share capital</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">706,901</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">705,876</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other reserves</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">24,016</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,515</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Retained earnings</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">326,410</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">271,584</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total shareholders' equity attributable to shareholders of the Company</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,057,327</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">983,975</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total liabilities and equity</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,316,912</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,276,102</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Events after the reporting date (notes 8 and 14)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commitments (note 23 (c))</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes are an integral part of the consolidated financial statements</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Approved by the Board of Directors and authorized for issue on </font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">February&#160;28, 2013</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="3"></td></tr>
<tr>
    <td width="44%"></td>
    <td width="6%"></td>
    <td width="50%"></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Richard D. Paterson&#8221;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;John Smith&#8221;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Richard D. Paterson, Director</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">John Smith, Director</font></div></td></tr>
</table></div></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sD210908FF4BCCE4998BB3B436176F365"></a>

<div></div><br>

<div style="line-height:120%;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Consolidated Statements of Income</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For the years ended December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(expressed in thousands of United States dollars, except per share amounts)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="8"></td></tr>
<tr>
    <td width="55%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:12px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">241,120</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">147,845</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of sales</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(195,008</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(95,926</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income from mine operations</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">46,112</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,919</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">General and administrative expenses</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(23,662</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(23,651</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exploration and evaluation expenses</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(12,702</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,703</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating income </font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9,748</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,565</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on sale of mineral property</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49,856</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on partial disposal of associate</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8, 12</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">49,082</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,776</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest earned and other finance income</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,066</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,291</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense and other finance costs</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(24,461</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17,392</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,678</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,080</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign exchange loss</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(6,029</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,651</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income before tax</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">35,084</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">111,525</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax recovery (expense)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">19,742</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(31,397</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net income and net income</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">attributable to shareholders</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">54,826</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,128</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted average shares outstanding (thousands)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">80,744</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,324</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">80,761</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,660</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings per share</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.68</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.00</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.68</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.99</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes are an integral part of the consolidated financial statements</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s5F43A5AB23249CEA67193B43C877C089"></a>

<div></div><br>

<div style="line-height:120%;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Consolidated Statements of Comprehensive Income</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For the years ended December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(expressed in thousands of United States dollars)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="6"></td></tr>
<tr>
    <td width="62%"></td>
    <td width="10%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income for the period attributable to shareholders</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">54,826</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,128</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss):</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;  Unrealized (loss) on marketable securities, net of tax</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(458</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,820</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;   Realized (gain) on the disposal of marketable securities</font></div>
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;  recycled to net income, net of tax</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,731</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;  &#160; Realized impairment and (gain) of marketable securities</font></div>
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;  recycled to net income, net of tax</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9,354</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;  Share of other comprehensive loss (income) of associate</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,912</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,516</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;  Cumulative translation adjustment</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">723</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,163</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income (loss)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,531</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24,230</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total comprehensive income attributable to shareholders</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">68,357</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55,898</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total comprehensive income</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">68,357</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55,898</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes are an integral part of the consolidated financial statements</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sFC178F1267155438BB863B444B03D607"></a>

<div></div><br>

<div style="line-height:120%;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Consolidated Statements of Changes in Shareholders&#8217; Equity</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For the years ended December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(expressed in thousands of United States dollars)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="16"></td></tr>
<tr>
    <td width="28%"></td>
    <td width="7%"></td>
    <td width="7%"></td>
    <td width="1%"></td>
    <td width="7%"></td>
    <td width="1%"></td>
    <td width="7%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="10%"></td>
    <td width="1%"></td>
    <td width="9%"></td>
    <td width="1%"></td>
    <td width="7%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Note</font></div></td>
    <td colspan="4" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Common Shares</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Retained earnings</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Non-</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Shares</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Amount</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">reserves</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">attributable to</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">controlling</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">equity</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(note 16)</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">shareholders</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Interest</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">000's</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Balance, January 1, 2011</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">79,666</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">676,651</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">63,257</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">191,456</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">931,364</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">496</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">931,860</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160; &#160;Exercise of stock options</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,028</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">29,225</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(8,990</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,235</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,235</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160; &#160;Share-based compensation</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,676</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,676</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,676</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:8pt;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Transactions with non-controlling interests</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">7</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(28,198</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(28,198</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(496</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(28,694</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:8pt;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total comprehensive income (loss) for the year</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(24,230</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">80,128</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">55,898</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">55,898</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Balance, January 1, 2012</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">80,694</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">705,876</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,515</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">271,584</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">983,975</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">983,975</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160; &#160;Exercise of stock options</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">54</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,025</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(407</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">618</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">618</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160; &#160;Share-based compensation</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,377</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,377</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,377</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:8pt;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total comprehensive income for the year</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,531</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">54,826</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">68,357</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">68,357</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Balance, December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">80,748</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">706,901</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">24,016</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">326,410</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">1,057,327</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">1,057,327</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes are an integral part of the consolidated financial statements</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s7F05E5B342A39F8CF0A83B4645A06E2A"></a>

<div></div><br>

<div style="line-height:120%;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Consolidated Statements of Cash Flows</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For the years ended December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(expressed in thousands of United States dollars)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="6"></td></tr>
<tr>
    <td width="63%"></td>
    <td width="9%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Note</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash flows from operating activities</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net income for the year</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">54,826</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">80,128</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Adjustments for:</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation, depletion and amortization</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">44,841</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,832</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Share-based payments</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">4,128</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,754</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Close down and restoration provision</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">6,086</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,596</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Gain) on sale of mineral property and property, plant and equipment</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(49,856</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Write-down of inventory to net realizable value</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,625</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accretion expense on convertible notes</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">10,492</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,188</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Accretion (income) on convertible debenture</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(691</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Gain) on dilution of associate</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(15,839</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other expenses (other income)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">10,310</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(19,136</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Gain) on partial disposal of associate</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(49,082</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(38,776</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Deferred income tax (recovery)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(25,218</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,950</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Foreign exchange loss</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,699</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,618</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net changes in non-cash working capital items</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(36,833</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,653</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash generated in operating activities</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">5,410</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">5,679</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash flows from investing activities</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net proceeds from partial disposal of associate</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">71,040</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">112,381</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Purchase of property, plant and equipment</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(21,468</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(29,055</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Mineral property expenditures</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(40,530</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(36,379</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net value added tax receipts (payments)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">18,048</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(24,302</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(Increase) in restricted cash</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(79</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Acquisition of non-controlling interest</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(18,172</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from repayment of convertible debenture receivable</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,060</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net proceeds from sale of mineral property</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">56,447</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from sale of other investments</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">4,853</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash generated by investing activities</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">31,864</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">70,980</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash flows from financing activities</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Proceeds from exercise of stock options</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">618</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,085</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash generated by financing activities</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">618</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20,085</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Increase in cash and cash equivalents</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">37,892</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">96,744</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents, beginning of period</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">329,055</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">232,311</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cash and cash equivalents, end of period</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">366,947</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">329,055</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div>

<div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Supplemental cash flow information (note 25)</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying notes are an integral part of the consolidated financial statements</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sE61A17D2E67EE19FAB7F3B4714CA6260"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<div style="line-height:120%;font-size:2pt;"><font style="font-family:inherit;font-size:2pt;"><br></font></div><a name="s3A239ACEFA44B2A8CD2F3B4770FFAEB8"></a>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF OPERATIONS</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Silver Standard Resources Inc. (the &#8220;Company&#8221;) is a limited liability company incorporated under the laws of the Province of British Columbia, Canada and its shares are publicly listed on the Toronto Stock Exchange in Canada and the NASDAQ in the United States. The Company together with its subsidiaries (the &#8220;Group&#8221;) are principally engaged in the acquisition, exploration, development and operation of silver-dominant resource properties located in the Americas. The Company is the ultimate parent of the Group.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s address is Suite 1400, 999 West Hastings Street, Vancouver, British Columbia, V6C 2W2.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s strategic focus is to optimize the production of silver from its Pirquitas mine in Argentina, and to advance other principal development projects including Pitarrilla in Mexico and San Luis in Peru. In addition to its principal projects, the Company holds a geologically-diverse portfolio of other predominantly silver projects in various stages of exploration or technical evaluation.</font></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="sBB8A8BDC0FD9209672223B4E546F3388"></a>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The principal accounting policies applied in the preparation of these consolidated financial statements are set out below.</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">a)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of preparation </font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board (&#8220;IASB&#8221;) and Interpretations issued by the International Financial Reporting Interpretations Committee (&#8220;IFRIC&#8221;). The comparative information has also been prepared on this basis, with the exception of certain items, details of which are given below, for which comparative information has not been restated.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The policies applied in these consolidated financial statements are based on IFRS issued and outstanding as of December 31, 2012, and were approved as of February 28, 2013, the date the Audit Committee of the Board of Directors approved the statements.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company&#8217;s accounting policies. The areas involving judgment or complexity, or areas where assumptions and estimates are significant and could affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period, are discussed in note 2(u).</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">b)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting convention</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These consolidated financial statements have been prepared on the historical cost basis, except for the revaluation of certain financial instruments, which are measured at fair value as described in note 2(r).</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">c)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of consolidation</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These consolidated financial statements incorporate the financial statements of the Company, its associate (note 8), and its subsidiaries (note 24(c)).</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsidiaries</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities, generally accompanying a shareholding of more than one-half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All intercompany transactions and balances have been eliminated on consolidation.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Associates</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An associate is an entity over whose operating and financial policies the Company exercises significant influence. Significant influence is presumed to exist where the Company has between 20 per cent and 50 per cent of the voting rights, but can also arise where the Company holds less than 20 per cent of the voting rights, but it has power to be actively involved and influential in policy decisions affecting the entity. The Company&#8217;s share of the net assets, post-tax results and reserves of the associate are included in the consolidated financial statements using the equity accounting method. This involves recording the investment initially at cost to the Company, and then, in subsequent periods, adjusting the carrying amount of the investment to reflect the Company&#8217;s share of the associate&#8217;s results. Unrealized gains on transactions between the Company and its associate are eliminated to the extent of the Company&#8217;s interest in the associate.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">d)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Foreign currency translation</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(i)&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Functional and presentation currency</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Items included in the financial statements of each of the Company&#8217;s subsidiaries are measured using the currency of the primary economic environment in which the particular entity operates (&#8220;the functional currency&#8221;).</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements are presented in United States dollars.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(ii)&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Transactions and balances</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency gains and losses resulting from the settlement of such transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the consolidated statements of income.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(iii)&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsidiaries</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results and financial position of subsidiaries and of the associate that have a functional currency different from the presentation currency are translated into the presentation currency as follows:</font></div>

<div style="line-height:120%;padding-left:36px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:12px;">&#9642;</font><font style="font-family:inherit;font-size:10pt;">Assets and liabilities are translated at the period-end exchange rate;</font></div>

<div style="line-height:120%;padding-left:36px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:12px;">&#9642;</font><font style="font-family:inherit;font-size:10pt;">Income and expenses for each statement of income are translated at average exchange rates for the period; and</font></div>

<div style="line-height:120%;padding-left:36px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:12px;">&#9642;</font><font style="font-family:inherit;font-size:10pt;">All resulting exchange differences are recognized in other comprehensive income as cumulative translation adjustments.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On consolidation, exchange differences arising from the translation of the net investment in foreign entities are taken to the foreign currency translation reserve. When a foreign operation is sold, such exchange differences are recognized in the consolidated statement of income as part of the gain or loss on sale.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">e)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue recognition</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s primary source of revenue is from the sale of metal-bearing concentrate. Revenue from the sale of concentrate is recognized in the consolidated financial statements when the following conditions are met:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the significant risks and rewards of ownership have passed to the customer;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">neither continuing managerial involvement, to the degree usually associated with ownership, nor effective control over the good sold, has been retained;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the amount of revenue can be measured reliably;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">it is probable that economic benefits associated with the sale will flow to the Company; and</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the costs incurred or to be incurred in respect of the sale can be measured reliably.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue from the sale of concentrate is recorded net of charges for shipping, refining and smelting. Net revenues from the sale of significant by-products are included within revenue. Where a by-product is not regarded as significant, sales proceeds may be credited against cost of sales.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Concentrate sales are recognized on a provisional basis using the Company's best estimate of contained metals. Final settlement is based on applicable commodity prices set based on contractually determined quotational periods and receipt of final weights and assays, which typically occurs two to six months after shipment. </font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Variations between the price recorded at the shipment date and the actual final price are caused by changes in metal prices and result in an embedded derivative. The derivative is recorded at fair value each period until final settlement occurs, with value adjustments recognized in revenue. Such adjustments to revenue for metal prices are recorded each period, until the final settlement is determined. </font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">f)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash and cash equivalents</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents include cash on hand and held at banks and short-term investments with an original maturity of 90 days or less, which are readily convertible into a known amount of cash and excludes any restricted cash that is not available for use by the Company and therefore is not highly liquid.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">g)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Inventory</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stockpiled ore, work in process and finished goods inventory are valued at the lower of cost and estimated net realizable value (&#8220;NRV&#8221;). Cost includes all direct costs incurred in production including direct labour and materials, freight, depreciation and amortization and directly attributable overhead costs. Production stripping costs are included in inventory as incurred. NRV is calculated using the estimated price at the time of sale based on prevailing and future metal prices less estimated future production costs to convert the inventory into saleable form and all associated selling costs.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any write-downs of inventory to NRV are recorded as cost of sales in the consolidated statements of income. If there is a subsequent increase in the value of inventory, the previous write-downs to NRV are reversed up to cost to the extent that the related inventory has not been sold.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stockpiled ore inventory represents ore that has been extracted from the mine and is available for further processing. Stockpiled ore that is not scheduled for processing within the next twelve months is classified as long-term inventory. Costs added to stockpiled ore inventory are derived from the current mining costs incurred up to the point of stockpiling the ore and are removed at average cost. Quantities of stockpiled ore are verified by periodic surveys. Finished goods inventory includes metal concentrates at site and in transit.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Materials and supplies inventories are valued at the lower of average cost and NRV. Costs include acquisition, freight and other directly attributable costs. A regular review is undertaken to determine the extent of any provision for obsolescence.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">h)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exploration and evaluation expenditures</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exploration expenditures are the costs incurred in the initial search for mineral deposits with economic potential or in the process of obtaining more information about existing mineral deposits. Exploration expenditures typically include costs associated with prospecting, sampling, mapping, diamond drilling and other work involved in searching for ore. </font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Evaluation expenditures are costs incurred to establish the technical and commercial viability of developing mineral deposits identified through exploration activities or by acquisition. Evaluation expenditures include the cost of (i) establishing the volume and grade of deposits through drilling of core samples, trenching and sampling activities in an ore body that is classified as either a mineral resource or a proven and probable reserve; (ii) determining the optimal methods of extraction and metallurgical and treatment processes; (iii) studies related to surveying, transportation and infrastructure requirements; (iv) permitting activities; and (v) economic evaluations to determine whether development of mineralized material is commercially justified including scoping, pre-feasibility and final feasibility studies. </font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exploration and evaluation expenditures are expensed until the Company has obtained the legal right to explore an area. The legal right to explore is determined by having registered claims, concessions and  being current on required payments and taxes. Capitalized costs are considered to be tangible assets as they form part of the underlying mineral property and are recorded within &#8216;exploration and development expenditure&#8217;, a separate component of property, plant and equipment, at cost less impairment charges, if applicable. No amortization is charged during the exploration and evaluation phase as the asset is not available for use.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exploration and evaluation expenditures at operating properties are expensed as incurred until an economically recoverable Mineral Reserve is identified.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">i)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Property, plant and equipment</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The cost of an item of property, plant and equipment includes the purchase price or construction cost, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use, an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located, and for qualifying assets, the associated borrowing costs.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Where an item of property, plant and equipment is comprised of major components with different useful lives, the components are accounted for as separate items of property, plant and equipment.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred for new construction, mine development, the major overhaul of existing equipment, and sustaining capital are capitalized as property, plant and equipment on the consolidated statements of financial position and are subject to depreciation once they are put into use. Major overhauls include improvement programs that increase the productivity or extend the useful life of an asset beyond that initially envisaged. The costs of routine maintenance and repairs that do not constitute improvement programs are accounted for as a cost of the inventory produced in the period.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">j)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Depreciation of property, plant and equipment</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts of property, plant and equipment are depreciated to their estimated residual value over the estimated useful lives of the specific assets concerned, or the estimated life of mine or lease, if shorter. Depreciation starts on the date of commissioning. The major categories of property, plant and equipment are depreciated on a units-of-production or straight-line basis using the estimated lives indicated below:</font></div>

<div style="line-height:120%;text-align:center;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="2"></td></tr>
<tr>
    <td width="75%"></td>
    <td width="25%"></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Computer equipment</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 - 5 years&nbsp;&nbsp;&nbsp;&nbsp;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Furniture and fixtures</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7 years&nbsp;&nbsp;&nbsp;&nbsp;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vehicles</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3 years&nbsp;&nbsp;&nbsp;&nbsp;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mining equipment</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Life of Mine&nbsp;&nbsp;&nbsp;&nbsp;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mine plant equipment</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Life of Mine&nbsp;&nbsp;&nbsp;&nbsp;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasehold improvements</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease term&nbsp;&nbsp;&nbsp;&nbsp;</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land is not depreciated.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8216;Mineral properties&#8217; are depreciated using the units-of-production method. In applying the units-of-production method, depreciation is calculated using the quantity of material extracted from the mine in the period as a percentage of the total quantity of material expected to be extracted in current and future periods based on Mineral Reserves.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company conducts an annual review of residual values, useful lives and depreciation methods employed for property, plant and equipment. Any changes in estimate that arise from this review are accounted for prospectively.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">k)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stripping costs</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stripping costs comprise the removal of overburden and other waste material from the mine. Stripping costs incurred during the development of a mine are capitalized and recorded within mineral properties and subsequently amortized over the life of the mine on a units-of-production basis.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stripping costs incurred during the production phase are variable production costs that are included in the costs of inventory produced during the period that the stripping costs are incurred. Stripping costs resulting in a future benefit of the mineral property by providing access to additional sources of ore are capitalized and amortized over the relevant mineral reserves.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">l)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Borrowing costs</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets are capitalized as part of the cost of the asset until the asset is substantially ready for its intended use. Other borrowing costs are recognized as an expense in the period incurred.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">m)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Impairment of long-lived assets</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At each reporting date, the Company conducts a review to assess whether there are any indications of impairment.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets that have an indefinite useful life are not subject to amortization and are tested annually for impairment or at any time if an indicator of impairment is considered to exist. Assets that are subject to amortization or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company conducts reviews to assess for any indications of impairment of asset values. External factors such as changes in expected future metal prices, costs and other market factors are also monitored to assess for indications of impairment.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If any such indication exists an estimate of the recoverable amount is undertaken, being the higher of an asset&#8217;s fair value less costs to sell and value in use. If the asset&#8217;s carrying amount exceeds its recoverable amount then an impairment loss is recognized in the statement of income.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value is determined as the amount that would be obtained from the sale of the asset in an arm&#8217;s length transaction between knowledgeable and willing parties. Fair value of mineral assets is generally determined as the present value of the estimated future cash flows expected to arise from the continued use of the asset, including any expansion prospects.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Value in use is determined as the present value of the estimated future cash flows expected to arise from the continued use of the asset in its present form and from its ultimate disposal.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment is normally assessed at the level of cash-generating units (&#8220;CGUs&#8221;), which are identified as the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-financial assets other than goodwill that have been impaired are tested for possible reversal of the impairment whenever events or changes in circumstances indicate that the impairment may have reversed. When a reversal of a previous impairment is recorded, the reversal amount is adjusted for depreciation that would have been recorded had the impairment not taken place.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">n)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Share capital</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Common shares issued by the Company are recorded at the net proceeds received which is the fair value of the consideration received less costs incurred in connection with the issue.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">o)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Share-based payments</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity-settled share-based payment arrangements such as the Company&#8217;s stock option plan are initially measured at fair value at the date of grant and recorded within shareholders&#8217; equity. Cash-settled arrangements such as the Directors&#8217; Deferred Share Unit (&#8220;DSU&#8221;) Plan, the Restricted Share Unit (&#8220;RSU&#8221;) Plan and the Performance Share Unit (&#8220;PSU&#8221;) Plan are initially recorded at fair value and classified as accrued liabilities and subsequently remeasured at fair value at each reporting date.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value at grant date of all share-based payments is recognized as compensation expense over the period for which benefits of services are expected to be derived, with a corresponding credit to shareholders&#8217; equity or accrued liabilities depending on whether they are equity-settled or cash-settled. The Company estimates the fair value of stock options granted using the Black-Scholes option pricing model and estimates the expected forfeiture rate at the date of grant. The fair value of DSU&#8217;s and RSU&#8217;s is based on the quoted market price of the Company&#8217;s common shares, and the PSU&#8217;s are valued using a Monte Carlo simulation. When awards are forfeited because non-market based vesting conditions are not satisfied, the expense previously recognized is proportionately reversed.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Where share-based payments are granted in exchange for services directly related to specific exploration, development or producing properties, the expense is capitalized against that asset.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">p)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Taxation</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The income tax expense for the period is comprised of current and deferred tax, and is recognized in the consolidated statement of income except to the extent that it relates to items recognized directly in shareholders&#8217; equity, in which case the tax is recognized in equity.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(i)&#160; &#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Current income tax</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current tax for each taxable entity in the Company is based on the local taxable profit for the period at the local statutory tax rates enacted or substantively enacted at the date of the consolidated statement of financial position.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(ii)&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Deferred tax</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax is recognized, using the liability method, on temporary differences between the carrying value of assets and liabilities in the consolidated statement of financial position and the corresponding tax bases used in the computation of taxable profit. Deferred tax is determined using tax rates and tax laws that are enacted or substantively enacted at the date of the consolidated statement of financial position and are expected to apply when the related deferred tax asset is realized or the deferred tax liability is settled.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets and liabilities are not recognized if the temporary difference arises on the initial recognition of assets and liabilities in a transaction other than a business combination, that at the time of the transaction, affects neither the taxable nor the accounting profit or loss.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries and associates, and interests in joint ventures, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets are recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be available to be utilized against those deductible temporary differences. Deferred tax assets are reviewed at each reporting date and amended to the extent that it is no longer probable that the related tax benefit will be realized. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off the current tax assets against the current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(iii)&#160; Royalties and other tax arrangements</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Royalties and other arrangements are treated as taxation arrangements when they have the characteristics of tax. This is considered to be the case when they are imposed under government authority and the amount payable is calculated by reference to an income measure. Obligations arising from royalty arrangements that do not satisfy these criteria are recognized as current provisions and included within cost of sales.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">q)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings per share</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic earnings per share is calculated by dividing the net income attributable to shareholders of the Company by the weighted average number of shares outstanding during the reporting period.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted earnings per share is calculated by adjusting the weighted average number of shares outstanding to assume conversion of all potentially dilutive share equivalents, such as stock options and convertible notes. The &#8220;treasury stock method&#8221; is used for the assumed proceeds upon exercise of the dilutive instruments to determine the number of shares assumed to be purchased at the average market price during the period.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A portion of the convertible notes may be converted into common shares and hence the maximum dilution impact of these is determined.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">When a loss is incurred during the year, basic and diluted loss per share are the same because the exercise of options and convertible notes are considered to be anti-dilutive.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">r)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial instruments</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(i)&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial assets and liabilities</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company classifies its financial instruments in the following categories: at fair value through profit and loss (&#8220;FVTPL&#8221;), loans and receivables, available-for-sale, held to maturity, and other financial liabilities. The classification depends on the purpose for which the financial assets or liabilities were obtained. Management determines the classification of financial assets and liabilities at initial recognition.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has not classified any financial instruments as held to maturity. The accounting policy for each of the other categories is as follows:</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial assets and liabilities at FVTPL</font><font style="font-family:inherit;font-size:10pt;">&#32;Financial assets and liabilities carried at FVTPL are recorded at fair value and transaction costs are expensed in the statement of income. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets or liabilities held at FVTPL are included in the consolidated statement of income in the period in which they arise. Derivatives are included in this category unless they are designated as hedges. Generally, the Company does not acquire financial assets for the purpose of selling in the short term.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Loans and receivables</font><font style="font-family:inherit;font-size:10pt;">&#32;Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are classified as current assets or non-current assets based on their maturity date. Loans and receivables are initially recognized at fair value and subsequently carried at amortized cost less any impairment.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-sale financial assets</font><font style="font-family:inherit;font-size:10pt;">&#32;Available-for-sale financial assets are non-derivatives that are either designated as available-for-sale or not classified in any of the other categories.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available-for-sale assets are initially recorded at fair value plus transaction costs, and are subsequently carried at fair value. All unrealized gains and losses arising from changes in the fair value of assets classified as available-for-sale are recognized directly in other comprehensive income, except for unrealized foreign exchange gains or losses on monetary financial assets and impairment losses which are recognized in the statement of income. Any reversal of a previously recognized impairment loss on a non-monetary asset is recognized directly in other comprehensive income. Realized gains and losses from the derecognition of available-for-sale assets are recognized in the consolidated statement of income in the period derecognized with any unrealized gains or losses being recycled from other comprehensive income.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Other financial liabilities</font><font style="font-family:inherit;font-size:10pt;">&#32;Other financial liabilities are recognized initially at fair value, net of transaction costs incurred and are subsequently stated at amortized cost. Any difference between the initial cost and the redemption value is recognized in the consolidated statement of income over the period to maturity using the effective interest method.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivative financial instruments</font><font style="font-family:inherit;font-size:10pt;">&#32;The Company&#8217;s policy with regard to &#8216;Financial Risk Management&#8217; is set out in note 23. When the Company enters into derivative contracts these are designed to reduce the exposures related to assets and liabilities, or anticipated transactions.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives embedded in other financial instruments or other host contracts are treated as separate derivatives when their risks and characteristics are not closely related to their host contracts. Commodity-based embedded derivatives resulting from provisional sales prices of metals in concentrate are recognized in revenue as described in note 2(e). Embedded derivatives in the convertible notes are described in note 14.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(ii)&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value of financial instruments</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair values of quoted investments are based on current bid prices. If the market for a financial asset is not active (and for unlisted securities), the Company establishes fair value by using valuation techniques. These include the use of recent arm&#8217;s length transactions, reference to other instruments that are substantially the same, discounted cash flow analysis, and option pricing models refined to reflect the financial asset&#8217;s specific circumstances.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(iii)</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Impairment of financial assets</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company assesses at each reporting date whether there is objective evidence that a financial asset or a group of financial assets is impaired. An evaluation is made as to whether a decline in fair value is &#8216;significant&#8217; or &#8216;prolonged&#8217; based on indicators such as significant adverse changes in the market, economic or legal environment.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Impairment losses on financial assets carried at amortized cost are reversed in subsequent periods if the amount of the loss decreases and the decrease can be objectively related to an event occurring after the impairment was recognized.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(iv)&#160; &#160;Derecognition of financial assets and liabilities</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial assets are derecognized when the investments mature or are sold, and substantially all the risks and rewards of ownership have been transferred. A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expired. Gains and losses on derecognition are recognized within other income and finance costs respectively.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">s)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Provisions for close down and restoration and for environmental clean-up costs</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Close down and restoration costs include dismantling and demolition of infrastructure, the removal of residual materials and remediation of disturbed areas. Estimated close down and restoration costs are provided for in the accounting period when the obligation arising from the related disturbance occurs, based on the net present value of estimated future costs. The cost estimates are updated during the life of the operation to reflect known development, e.g. revisions to cost estimates and to the estimated lives of the operations, and are subject to formal reviews at regular intervals.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The initial closure provision together with changes resulting from changes in estimated cash flows or discount rates are capitalized within property, plant and equipment. These costs are then depreciated over the life of the asset to which they relate, typically using the units-of-production method. The amortization or unwinding of the discount applied in establishing the net present value of provisions is charged to the consolidated statement of income as a financing cost.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">t)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Leases</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leases which transfer substantially all of the benefits and risks incidental to the ownership of property are accounted for as finance leases. Finance leases are capitalized at the lease commencement at the lower of the fair market value of the leased property and the net present value of the minimum lease payments. Each lease payment is allocated between the liability and finance charge. The property, plant and equipment acquired under finance leases are depreciated over the shorter of the asset&#8217;s useful life and the lease term.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All other leases are accounted for as operating leases wherein rental payments are expensed as incurred.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">u)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant accounting judgments and estimates</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with IFRS requires the use of judgments and/or estimates that affect the amounts reported and disclosed in the consolidated financial statements and related notes. These judgments and estimates are based on management&#8217;s best knowledge of the relevant facts and circumstances, having regard to previous experience, but actual results may differ materially from the amounts included in the financial statements. Information about such judgments and estimation is contained in the accounting policies and/or notes to the consolidated financial statements, and the key areas are summarized below.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Areas of judgment that have the most significant effect on the amounts recognized in the consolidated financial statements are:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Review of asset carrying values and impairment assessment;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mineral Reserve and Mineral Resource estimates;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Determination of useful lives of property, plant and equipment;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valuation of inventory;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Close down and restoration provision;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets and liabilities; and</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Functional currency.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Key sources of estimation uncertainty that have the most significant effect on the amounts recognized in the consolidated financial statements are:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Review of asset carrying values and impairment assessment;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mineral Reserve and Mineral Resource estimates;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Valuation of inventory;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Close down and restoration provision;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Determination of the fair values of share-based compensation and of financial instruments; and</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets and liabilities.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Each of these judgments and estimates is considered in more detail below.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Review of asset carrying values and impairment assessment</font><font style="font-family:inherit;font-size:10pt;">&#32;In accordance with the Company&#8217;s accounting policy (note 2 (m)), each asset or CGU is evaluated every reporting period to determine whether there are any indications of impairment. If any such indication exists, which is often judgmental, a formal estimate of recoverable amount is performed and an impairment loss is recognized to the extent that the carrying amount exceeds the recoverable amount. The recoverable amount of an asset or CGU of assets is measured at the higher of fair value less costs to sell or value in use.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The evaluation of asset carrying values for indications of impairment includes consideration of both external and internal sources of information, including such factors as market and economic conditions, production budgets and forecasts, and life-of-mine estimates.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The determination of fair value and value in use requires management to make estimates and assumptions about expected production, sales volumes, commodity prices, Mineral Reserves, operating costs, taxes, close down and restoration costs and future capital expenditures. The estimates and assumptions are subject to risk and uncertainty; hence, there is the possibility that changes in circumstances will alter these projections, which may impact the recoverable amount of the assets. In such circumstances some or all of the carrying value of the assets may be further impaired or the impairment charge reduced with the impact recorded in the consolidated statements of income.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mineral Reserve and Mineral Resource estimates</font><font style="font-family:inherit;font-size:10pt;">&#32;The Company estimates its Mineral Reserves and Mineral Resources based on information prepared by qualified persons as defined by National Instrument (&#8220;NI&#8221;) 43-101. Mineral Reserves determined in this way are used in the calculation of depreciation, amortization and impairment charges, and for forecasting the timing of the payment of close down and restoration costs. In assessing the life of a mine for accounting purposes, Mineral Resources are only taken into account where there is a high degree of confidence of economic extraction. There are numerous uncertainties inherent in estimating Mineral Reserves, and assumptions that are valid at the time of estimation may change significantly when new information becomes available. Changes in the forecast prices of commodities, exchange rates, production costs or recovery rates may change the economic status of Mineral Reserves and may, ultimately, result in Mineral Reserve estimates being revised. Such changes in Mineral Reserves could impact on depreciation and amortization rates, asset carrying values and the provision for close down and restoration.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Determination of useful lives of property, plant and equipment</font><font style="font-family:inherit;font-size:10pt;">&#32;The Company uses the units-of-production method to depreciate mineral property expenditures, whereby depreciation is calculated using the tonnage of ore extracted from the mine in the period as a percentage of the total tonnage of ore expected to be extracted in current and future periods based on Mineral Reserves. As noted above, there are numerous uncertainties inherent in estimating Mineral Reserves. Other assets are depreciated using the straight-line method, which includes significant management judgment to determine useful lives.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Valuation of inventory</font><font style="font-family:inherit;font-size:10pt;">&#32;Stockpiled ore and finished goods are valued at the lower of cost and NRV. NRV is calculated as the estimated price at the time of sale based on prevailing and future metal prices less estimated future production costs to convert the inventory into saleable form and associated selling costs. The determination of future sales price, production and selling costs requires significant assumptions that may impact the stated value of the Company&#8217;s inventory.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Close down and restoration provision</font><font style="font-family:inherit;font-size:10pt;">&#32;Close down and restoration costs are a consequence of mining, and the majority of close down and restoration costs are incurred near the end of the life of the mine. The Company&#8217;s accounting policy requires the recognition of such provisions when the obligation occurs. The initial provisions are periodically reviewed during the life of the operation to reflect known developments, e.g. updated cost estimates and revisions to the estimated lives of operations. Although the ultimate cost to be incurred is uncertain, the Company estimates its costs based on studies using current restoration standards and techniques. The initial closure provisions together with changes, other than those arising from the discount applied in establishing the net present value of the provision, are capitalized within property plant and equipment and depreciated over the lives of the assets to which they relate.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The ultimate magnitude of these costs is uncertain, and cost estimates can vary in response to many factors including changes to the relevant legal requirements, the emergence of new restoration techniques or experience at other mine sites, local inflation rates and exchange rates when liabilities are anticipated to be settled in a currency other than the United States dollar. The expected timing of expenditure can also change, for example, in response to changes in Mineral Reserves, production rates or economic conditions. As a result there could be significant adjustments to the provision for close down and restoration, which would affect future financial results.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Determination of the fair value of share-based compensation</font><font style="font-family:inherit;font-size:10pt;">&#32;The fair value of share options and other forms of share-based compensation granted is computed to determine the relevant charge to the consolidated statement of income. In order to compute this fair value, the Company uses option pricing models that require management to make various estimates and assumptions in relation to the expected life of the awards, volatility, risk-free interest rates, and forfeiture rates.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Valuation of financial instruments</font><font style="font-family:inherit;font-size:10pt;">&#32;The Company is required to determine the valuation of its convertible notes (at inception), and the embedded derivatives within sales contracts. The convertible notes require discounted cash flow analysis that involves various estimates and assumptions, whilst the valuation of the revenue derivatives require estimates of settlement dates.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred tax assets and liabilities</font><font style="font-family:inherit;font-size:10pt;">&#32;The determination of the Company&#8217;s tax expense for the period and deferred tax assets and liabilities involves significant estimation and judgment by management. In determining these amounts, management interprets tax legislation in a variety of jurisdictions and makes estimates of the expected timing of the reversal of deferred tax assets and liabilities. Management also makes estimates of future earnings which affect the extent to which potential future tax benefits may be used. The Company is subject to assessments by various taxation authorities, which may interpret legislation differently. These differences may affect the final amount or the timing of the payment of taxes. The Company provides for such differences where known based on management&#8217;s best estimate of the probable outcome of these matters.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Functional currency</font><font style="font-family:inherit;font-size:10pt;">&#32;The determination of a subsidiary&#8217;s functional currency often requires significant judgment where the primary economic environment in which it operates may not be clear. This can have a significant impact on the consolidated results of the Company based on the foreign currency translation methods described in note 2(d).</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">v)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Future accounting changes</font></div>

<div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The standards and interpretations that are issued but not yet effective listed below, are those that the Company reasonably expects will have an impact on disclosures, financial position or performance when applied at a future date. The Company intends to adopt these standards and interpretations, if applicable, when they become effective.</font></div>

<div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">International Accounting Standard ("IAS") 1, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Presentation of Items of Other Comprehensive Income </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8211; Amendments to IAS 1</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amendments to IAS 1 change the grouping of items presented in other comprehensive income (OCI). Items that could be reclassified (or recycled) to profit or loss at a future point in time would be presented separately from items that will never be reclassified. The amendment affects presentation only and therefore has no impact on the Company&#8217;s financial position or performance.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amendments to IAS 1 are effective for annual periods beginning on or after July 1, 2012.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">IFRS 9,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#32;Financial Instruments: Classification and Measurement</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IFRS 9, as issued, reflects the first phase of the IASB&#8217;s work on the replacement of IAS 39 and applies to classification and measurement of financial assets and financial liabilities as defined in IAS 39. The standard was initially effective for annual periods beginning on or after January 1, 2013, but </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amendments to IFRS 9 Mandatory Effective Date of IFRS 9 and Transition Disclosures</font><font style="font-family:inherit;font-size:10pt;">, issued in December 2011, moved the mandatory effective date to January 1, 2015.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In subsequent phases, the IASB will address hedge accounting and impairment of financial assets. The Company will quantify the effect in conjunction with the other phases, when the final standard, including all phases, is issued.</font></div>

<div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">IFRS 10,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#32;Consolidated Financial Statements</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">; IAS 27,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#32;Separate Financial Statements</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IFRS 10 replaces the portion of IAS 27 </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidated and Separate Financial Statements </font><font style="font-family:inherit;font-size:10pt;">that addresses the accounting for consolidated financial statements. It also addresses the issues covered in SIC-12 </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidation &#8212; Special Purpose Entities</font><font style="font-family:inherit;font-size:10pt;">.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IFRS 10 establishes a single control model that applies to all entities including structured entities (previously referred to as special purpose entities). The changes introduced by IFRS 10 will require management to exercise significant judgment to determine which entities are controlled and therefore are required to be consolidated by a parent, compared with the requirements that were in IAS 27.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on the preliminary analysis performed, IFRS 10 is not expected to have any impact on the investments currently held by the Company.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This standard is effective for annual periods beginning on or after January 1, 2013.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">IFRS 11,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#32;Joint Arrangements</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IFRS 11 replaces IAS 31, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interests in Joint Ventures </font><font style="font-family:inherit;font-size:10pt;">and SIC-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Jointly-controlled Entities &#8212; Non-monetary Contributions by Venturers</font><font style="font-family:inherit;font-size:10pt;">.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IFRS 11 removes the option to account for jointly controlled entities (JCEs) using proportionate consolidation. Instead, JCEs that meet the definition of a joint venture must be accounted for using the equity method.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on the preliminary analysis performed, IFRS 11 is not expected to have any impact on the Company.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This standard is effective for annual periods beginning on or after January 1, 2013.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">IFRS 12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Disclosure of Interests in Other Entities</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IFRS 12 includes all of the disclosures that were previously in IAS 27 relating to consolidated financial statements, as well as all of the disclosures that were previously included in IAS 28 and IAS 31. These disclosures relate to an entity&#8217;s interests in subsidiaries, joint arrangements, associates and structured entities.  A number of new disclosures are also required, but will have no impact on the Company&#8217;s financial position or performance.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This standard is effective for annual periods beginning on or after January 1, 2013.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">IFRS 13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fair Value Measurement</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IFRS 13 establishes a single source of guidance under IFRS for all fair value measurements. IFRS 13 does not change when an entity is required to use fair value, but rather provides guidance on how to measure fair value under IFRS when fair value is required or permitted.</font></div>

<div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is currently assessing the impact that this standard will have on the financial position and performance, but based on the preliminary analysis, no material impact is expected.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This standard is effective for annual periods beginning on or after January 1, 2013.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">IFRIC 20, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Stripping Costs in the Production Phase of a Surface Mine</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This interpretation applies to waste removal (stripping) costs during the production phase of a surface mine. The interpretation will be adopted by the Company on January 1, 2013.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has adopted the following accounting policy for stripping costs in the production phase of a surface mine:</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8220;In surface mining operations waste material ('overburden') is removed to gain access to mineral ore deposits, which is known as stripping. During the production phase of a mine where stripping activities result in improved access to ore the Company recognizes a non-current 'stripping activity asset' (&#8220;SAA&#8221;) when it is probable that the future economic benefit of the improved access will flow to the Company, the ore to which access has been improved is identifiable, and costs can be reliably measurable.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Typically identifiable components of an ore body correspond to the phases of a mine plan. Within each identifiable component the average stripping ratio is determined; the cost of waste removal in excess of the stripping ratio is capitalized as a SAA, and the cost of waste and ore removal in line with the average stripping ratio is taken to inventory. </font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The SAA is amortized using a unit of production method over the period in which the improved access to the component of the ore body is achieved."</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is in the process of quantifying the impact of this change on its comparative 2012 consolidated financial statements.</font></div>

<div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Annual Improvements May 2012</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These improvements include:</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IAS 1, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Financial Statements: </font><font style="font-family:inherit;font-size:10pt;">clarifies the difference between voluntary additional comparative information and the minimum required comparative information. Generally, the minimum required comparative period is the previous period.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IAS 16, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property, Plant and Equipment: </font><font style="font-family:inherit;font-size:10pt;">clarifies that major spare parts and servicing equipment that meet the definition of property, plant and equipment are not inventory.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IAS 32, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments: Presentation: </font><font style="font-family:inherit;font-size:10pt;">clarifies that income taxes arising from distributions to equity holders are accounted for in accordance with IAS 12 </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;">.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The improvements are effective for annual periods beginning on or after January 1, 2013.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company expects no impact on its financial position, performance, disclosures or stated accounting policies</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">from the adoption of these amendments.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="s5BB75D43662308C1A0043B9AF5FCAFAD"></a>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CASH AND CASH EQUIVALENTS</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash balances</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">183,636</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94,711</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Short-term investments</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">183,311</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">234,344</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">366,947</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">329,055</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="s26C3F46EA48F8ECB1A673BA2CE195909"></a>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4.</font></div></td>
    <td style="vertical-align:top;padding-left:24px;">
        <div style="line-height:120%;font-size:10pt;text-indent:-24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TRADE AND OTHER RECEIVABLES</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.29629629629629%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="64%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade receivables</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">40,947</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tax receivables (including value added tax receivable)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">35,428</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,040</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prepayments and deposits</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,967</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,656</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other receivables</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">112</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,705</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">83,454</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,401</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company expects full recovery of the trade receivables amounts outstanding and therefore no allowance has been recorded against these receivables. No receivables are past due and all are expected to be settled within twelve months.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit risk is further discussed in note 23(b). The Company did not hold any collateral for any receivable amounts outstanding at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;or </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s3D9FD0232D6C1E771C903BA71D803B86"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OTHER ASSETS</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.98245614035088%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="44%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Current</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Non-current</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Current</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-current</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial assets:</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Restricted cash</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;</sup></font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(a)</sup></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,847</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,768</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities</font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#160;</sup></font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(b)</sup></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">34,733</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,539</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset held for sale </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(c)</sup></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,344</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">41,077</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,847</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,539</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,768</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Other assets:</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current inventory (note 6)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">6,090</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,454</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">41,077</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">7,937</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,539</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,222</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(a)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has cash and security deposits in relation to its close down and restoration provisions. </font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:96px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(b)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities&#8217; cost at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;was $21,230,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $29,793,000). As at December 31, 2012, the Company assessed for impairment all available-for-sale financial assets which had a market value below cost, and concluded that certain marketable securities were impaired as a result of the share price being below cost for a significant period of time. This resulted in a loss of $10,806,000.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(c)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Following a decision to sell the units, the Company has reclassified two used ball mills out of the exploration and development expenditure and into assets held for sale.</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="sA044253A21A8BD91A75B3BA7D5222CE2"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INVENTORY</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.29629629629629%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="64%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Current:</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Finished goods</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">35,850</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,524</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stockpiled ore</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">47,263</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,414</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Materials and supplies</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">19,180</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,743</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">102,293</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94,681</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-current:</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stockpiled ore</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,090</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,454</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">108,383</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101,135</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company holds low grade stockpiled ore that is expected to be processed at the end of the life of the mine. The NRV is computed using long-term metal prices and in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;">&#32;this resulted in the write down in value noted below. Inventory held at NRV at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;was $4,652,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6,454,000</font><font style="font-family:inherit;font-size:10pt;">).</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, an NRV write-down of inventory of $Nil (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $1,625,000) was included in the consolidated statements of income as cost of sales.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s5ADED074641EEC5A9D043BA85224BB4C"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PROPERTY, PLANT AND EQUIPMENT</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, plant and equipment comprise the following:</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.90643274853801%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="11"></td></tr>
<tr>
    <td width="35%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="10" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2012</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;vertical-align:top;">Plant and equipment</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;vertical-align:top;">Mineral properties</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;vertical-align:top;">Assets under construction</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;vertical-align:top;">Exploration and development expenditure (note 7(a))</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;vertical-align:top;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cost</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, January 1, 2012</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">280,680</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">109,780</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,113</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">200,156</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">608,729</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Additions</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">762</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">23,313</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">40,865</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">64,940</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Disposals and reclassifications </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i)</sup></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,108</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,388</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(10,496</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Costs written off</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(86</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(86</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Change in estimate of close down and restoration provision</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,982</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,297</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(14,279</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Transfers</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,635</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(22,635</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, end of period</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">295,987</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">99,483</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,791</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">234,547</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">648,808</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated depreciation</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, January 1, 2012</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(57,069</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,549</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(64,618</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Charge for the year</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(35,929</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(10,390</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(46,319</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Disposals</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,206</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,206</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, end of period</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(90,792</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,939</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(108,731</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net book value at December 31, 2012</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">205,195</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">81,544</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">18,791</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">234,547</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">540,077</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(i)</sup>&#160;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">The Company has reclassified two used ball mills out of the exploration and development expenditure and into assets held for sale, as disclosed in note 5.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.10136452241716%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="11"></td></tr>
<tr>
    <td width="35%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="10" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:left;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;vertical-align:top;">Plant and equipment</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:left;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;vertical-align:top;">Mineral properties</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;vertical-align:top;">Assets under construction</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;vertical-align:top;">Exploration and development expenditure (note 7(a))</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;vertical-align:top;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;text-align:right;vertical-align:top;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Cost</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, January 1, 2011</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">263,305</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">76,209</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,695</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">190,909</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">539,118</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Additions</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,355</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">256</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">27,751</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,494</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">64,856</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Disposals</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,569</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(256</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(19,623</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(24,448</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Costs written off</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,624</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,624</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Change in estimate of close down and restoration provision</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">256</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,571</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,827</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Transfers</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,333</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(18,333</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, end of period</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">280,680</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">109,780</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,113</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">200,156</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">608,729</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Accumulated depreciation</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, January 1, 2011</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(35,450</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,036</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(39,486</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Charge for the year</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(25,869</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,513</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(29,382</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Disposals</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,250</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,250</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Balance, end of period</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(57,069</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,549</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(64,618</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Net book value at December 31, 2011</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">223,611</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">102,231</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,113</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">200,156</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">544,111</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No items of property, plant and equipment have been pledged as security for liabilities.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s5ADED074641EEC5A9D043BA85224BB4C"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PROPERTY, PLANT AND EQUIPMENT (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;text-align:justify;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:24px;">(a)</font><font style="font-family:inherit;font-size:10pt;">Cumulative exploration and development expenditures on mineral properties were as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="72%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Exploration projects</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Challacollo, Chile</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">9,711</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,658</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">San Agustin, Mexico</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">3,070</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,251</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Veta Colorada, Mexico</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">5,332</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,876</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Nazas, Mexico</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,480</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,076</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Berenguela, Peru</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">17,125</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,812</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Candelaria, United States</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">6,757</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,308</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Maverick Springs, United States</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,814</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,690</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other exploration projects</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">9,624</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">6,312</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Development projects</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Diablillos, Argentina</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">23,345</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">21,366</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Pitarrilla, Mexico</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">113,580</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">96,000</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">San Luis, Peru </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i)</sup></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">41,709</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,807</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">234,547</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">200,156</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(i)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 28, 2011, the Company increased its ownership to 100% of the San Luis property in Peru by acquiring the remaining 30% interest from Esperanza Resources Corp. (&#8220;Esperanza&#8221;). The Company paid consideration of $17,865,000 in cash and transferred to Esperanza the 6,459,000 shares of Esperanza that it owned. In addition, under the terms of the agreement the Company will provide a 1% net smelter return royalty (&#8220;NSR&#8221;) on future production. The total fair value of the consideration paid to acquire the 30% interest held by Esperanza was $28,694,000, which includes transaction costs of $306,000. The carrying amount of the non-controlling interest in the San Luis project on the date of acquisition was $496,000. This transaction did not result in a change of control and therefore the Company recognized a decrease in non-controlling interest of $496,000 and a decrease in other reserves of $28,198,000 (note 16).</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(ii)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 23, 2011, the Company completed the sale of its 100% interest in the Bowdens project located in Australia to Kingsgate Consolidated Limited ("Kingsgate"). Under the terms of the agreement, the Company received total consideration of $70,655,000. The consideration comprised cash payments of $45,090,000 and 3,440,367 common shares of Kingsgate with a fair value of $25,565,000 at the time of the transaction. The gain on the sale of this mineral property was $51,359,000 before tax expense of $16,058,000. </font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s27B6651FF8BBC43081CA3BAC26A7FA7F"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">8.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INVESTMENT IN ASSOCIATE</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment in associate comprises the following:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Common shares of Pretium Resources Inc.</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">119,632</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136,342</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">119,632</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136,342</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment in associate reflects activity for the years as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="56%"></td>
    <td width="21%"></td>
    <td width="1%"></td>
    <td width="21%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Carrying amount, January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">136,342</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">226,271</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Partial disposition (note 12)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(33,052</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(82,138</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Dilution gain</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">15,839</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,803</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Share of net loss</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(3,409</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(6,078</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Share of other comprehensive income (loss)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">3,912</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,516</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Carrying amount, December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">119,632</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136,342</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 21, 2010, the Company completed the sale of its 100% interest in the Snowfield and Brucejack properties located in British Columbia, Canada, to Pretium Resources Inc. (&#8220;Pretium&#8221;). Total consideration was $442,260,000, which comprised 32,537,833 Pretium common shares at their fair value of $191,869,000, cash of $211,322,000 (before underwriters&#8217; fees of $12,427,000), and a non-interest-bearing convertible promissory note in the principal amount of $39,069,000. As a result of this transaction, the Company&#8217;s ownership interest in Pretium was 41.27% .</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 6, 2011, the note was partially repaid for gross proceeds of $18,083,000. On January 31, 2011, the balance of the note in the amount of $20,986,000 was converted into 3,625,500 common shares of Pretium at their fair value of $22,946,000, resulting in a $1,092,000 gain on settlement. The Company recognized transaction costs of $1,631,000 in the statement of income for the year ended December 31, 2011.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 8, 2011, the Company sold 11,500,000 of its Pretium common shares by completing a secondary offering of 11,500,000 units at C$10.00 per unit. Each unit consisted of one Pretium common share and half of a warrant to acquire an additional Pretium common share for C$12.50 within twelve months. The Company received cash proceeds from this offering of $120,117,000 before transaction costs of $7,734,000. As a result of this transaction, the Company recognized a gain on partial disposal of its associate of $38,776,000 (an after-tax gain of $34,687,000) and a resulting reduction in the carrying value of the investment in associate of $82,138,000. The warrants issued in the unit offering were recognized as a liability and are recorded at fair value (note 12). Following the closing of the offering, the Company&#8217;s ownership interest in Pretium was 28.86%.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 15, 2011, Pretium completed a private placement of 1,390,000 flow-through common shares, in which the Company elected not to participate. This share issuance by Pretium resulted in a dilution of the Company&#8217;s interest to 28.39% and a dilution gain of $1,803,000, which was recognized in other income (note 19).</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During 2012, Pretium completed two private placements and one prospectus offering, all of which the Company elected not to participate. On February 17, 2012, Pretium completed a private placement of 1,250,000 flow-through common shares which resulted in a dilution of the Company's interest to 27.99% and a dilution gain of $4,225,000 which was recognized in other income (other expenses) (note 19).  Further on May 9, 2012, Pretium completed a prospectus offering of 5,554,500 common shares, which resulted in a dilution of the Company's interest to 20.27% and a dilution gain of $9,034,000 which was recognized in other income (other expenses) (note 19). Finally, on August 24, 2012, Pretium completed a second private placement of 1,150,000 flow-through common shares, which resulted in a further dilution of the Company's interest to 20.02% and a dilution gain of $2,580,000 which was recognized in other income (other expenses) (note 19). </font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s27B6651FF8BBC43081CA3BAC26A7FA7F"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">8.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INVESTMENT IN ASSOCIATE (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of Pretium common shares at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, excluding potential selling costs, according to published share price quotations was $250,803,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $303,359,000).</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Summarized financial information for Pretium is as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">645,058</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">506,167</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(21,917</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,350</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenues</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(15,286</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17,573</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsequent to the reporting date, on February 15, 2013, Pretium completed a private placement of 1,648,550 flow-through common shares, in which the Company elected not to participate. This share issuance by Pretium resulted in a dilution of the Company&#8217;s interest to 19.68%, with a dilution gain of $1,850,000.</font></div><a name="s75E8BAB45176321616693BADB367C523"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CURRENT AND DEFERRED INCOME TAX</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant components of income tax expense recognized in the consolidated statements of income are as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="56%"></td>
    <td width="21%"></td>
    <td width="1%"></td>
    <td width="21%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Current tax:</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; Current tax on taxable income of the current year</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5,476</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,347</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred tax:</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Origination and reversal of temporary differences</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(25,218</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,950</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total income tax (recovery) expense</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(19,742</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,397</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The income tax expense on the Company&#8217;s income before tax is reconciled to the amount that would arise using the Canadian tax rate applicable to income of the consolidated entities as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="68%"></td>
    <td width="15%"></td>
    <td width="1%"></td>
    <td width="15%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Statutory tax rate</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25.00</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">%</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26.50</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income for the year before taxes</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">35,084</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">111,525</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Provision for income taxes based on statutory rates</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">8,771</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,554</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Differences in foreign and future tax rates</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7,315</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,844</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign exchange</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14,329</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,349</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Recognition of Argentine tax benefit relating to mineral property</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(48,129</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital gains rate</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(7,652</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,522</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5,624</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,828</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total income tax (recovery) expense</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(19,742</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,397</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CURRENT AND DEFERRED INCOME TAX (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The applicable tax rate in Canada for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">25.0%</font><font style="font-family:inherit;font-size:10pt;">, which reflects the legislated federal tax rate decrease from the prior year of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">26.5%</font><font style="font-family:inherit;font-size:10pt;">.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The company recognizes certain deferred tax assets and liabilities relating to temporary differences as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred tax assets</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, plant and equipment</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7,007</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,853</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign exchange losses</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,838</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,554</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,290</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,287</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,894</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total deferred tax assets</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">18,132</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,591</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred tax liabilities</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mineral properties</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,261</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28,111</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities and investments</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(12,290</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,220</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total deferred tax liabilities</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(13,551</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(41,331</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net deferred tax assets (liabilities)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,581</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(19,740</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:0px;padding-top:0px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:0px;padding-top:0px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The analysis of deferred tax assets and deferred tax liabilities is as follows:</font></div>

<div style="line-height:120%;padding-bottom:0px;padding-top:0px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred tax assets</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets to be recovered after more than 12 months</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14,371</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,047</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets to be recovered within 12 months</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,761</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,544</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total deferred tax assets</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">18,132</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,591</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred tax liabilities</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax liabilities to be discharged after more than 12 months</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(12,274</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(36,547</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax liabilities to be discharged within 12 months</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,277</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,784</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total deferred tax liabilities</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(13,551</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(41,331</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net deferred tax assets (liabilities)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,581</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(19,740</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CURRENT AND DEFERRED INCOME TAX (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The movement in the net deferred income tax liability account was as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(19,740</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26,765</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Recovered from (charged to) the statement of income</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25,218</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,950</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Tax charge)/credit related to components of other comprehensive income</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(834</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,982</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exchange differences</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(63</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,581</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(19,740</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following items were charged (credited) to the consolidated statements of income during the year:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property plant and equipment</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,846</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,853</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital and non capital losses</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign resource pools</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">36</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(283</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share issuance costs</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,218</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,275</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities and investments</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,826</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,571</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,642</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,688</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mineral properties</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(26,850</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,075</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(25,218</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,950</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company also has the following balances in respect of which no deferred tax asset was recognized:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property plant and equipment</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,100</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,155</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital and non capital losses</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign resource pools</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">323</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">316</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,012</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,875</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,435</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,406</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The company has recognized a $46,805,000 deferred tax benefit relating to deductible temporary differences arising from foreign exchange losses and interest expense relating to the Company's mineral properties in Argentina.&#160; These deductible temporary differences originate from a related party loan in U.S. dollars used to fund Pirquitas in Argentina.&#160; The company has not recognized $17,327,000 of contingent tax benefits related to foreign exchange losses and interest expense from the same loan, due to the risk of a portion of the foreign exchange losses and interest expense being considered not deductible for Argentine tax purposes.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">9.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CURRENT AND DEFERRED INCOME TAX (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, the Company had the following estimated tax operating losses available to reduce future taxable income. The losses expire at various dates and amounts between 2013 and 2032, with the exception of tax losses incurred in Chile which are available indefinitely:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="3"></td></tr>
<tr>
    <td width="86%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Argentina</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,870</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chile</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">149</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mexico</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">83,082</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Peru</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">U.S.A.</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,547</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The aggregate amount of taxable temporary differences associated with investments in subsidiaries for which deferred taxes have not been recognized, as at December 31, 2012, is $136,303,000.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="s331956052BA8C091AA9C3BAF22392676"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">10.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">VALUE ADDED TAX RECEIVABLE</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">32,796</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,482</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">37,363</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,160</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">70,159</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90,642</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In countries where value added tax (&#8220;VAT&#8221;) has been paid but recoverability is uncertain, the VAT payments have either been deferred within mineral property costs, or expensed if related to general mineral exploration. If the Company ultimately recovers the amounts that have been deferred, the amount received will be applied to reduce mineral property costs. Current VAT is presented within trade and other receivables (note 4).</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">VAT paid in Argentina in relation to the Pirquitas mine is recoverable under Argentine law once the mine reaches the production stage, which occurred on December 1, 2009. As a result, the Company commenced the process of collecting VAT in 2010 and continues to apply to the Argentine government to recover the applicable VAT. The Company believes that the remaining balance is fully recoverable and has not provided an allowance.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="sC984B13E9AA37FBA4BCD3BAF8EBE3043"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">11.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TRADE AND OTHER PAYABLES</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s trade and other payables are primarily comprised of amounts outstanding for purchases relating to mining operations, exploration and evaluation activities and corporate office expenses.&#160;&#160;The normal credit period for these purchases is between 30 to 90 days. All trade and other payables are expected to be settled within twelve months. </font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">11.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TRADE AND OTHER PAYABLES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade payables and accrued liabilities are comprised of the following items:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade payables</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">17,288</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,648</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued liabilities</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">57,762</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,174</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current portion of close down and restoration provision (note 13)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,864</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,125</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued interest on convertible notes (note 14)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,093</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,076</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">79,007</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48,023</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the year ended December 31, 2012, accrued liabilities includes an accrual for export duties on silver concentrate of  </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$35,009,000</font><font style="font-family:inherit;font-size:10pt;">&#32;(2011- </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$13,101,000</font><font style="font-family:inherit;font-size:10pt;">). See note 17 for further details. </font></div><a name="sFBF5E7FD9FC0B76796673BAFF009932A"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">12.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WARRANT LIABILITY</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:8px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As part of a secondary offering of Pretium shares in April 2011 (note 8), the Company issued 5,750,000 Pretium common share purchase warrants (the &#8220;Pretium warrants&#8221;). Each Pretium warrant was exercisable at a price of C$12.50 until April 9, 2012. Upon issuance of the Pretium warrants, the Company recognized a liability of $7,500,000 in the consolidated statement of financial position. The liability was recorded at fair value through profit and loss (FVTPL).</font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the year ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, an aggregate of 5,677,526 warrants were exercised for proceeds of C$70,969,000, resulting in a gain on disposal of the underlying investment of $49,082,000 and a resulting reduction in the carrying value of the investment in associate of $33,052,000 (note 8). A total of 72,474 warrants expired unexercised. </font></div><a name="s5BA630FDC5F348F612143BB088F09E9F"></a>

<div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CLOSE DOWN AND RESTORATION PROVISION</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">47,778</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,626</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities settled during the year</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(552</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(251</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accretion expense</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,086</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,596</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign exchange gain</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(5,947</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,020</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revisions and new estimated cash flows</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(14,279</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,827</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">33,086</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47,778</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: current portion of close down and restoration provision in trade and other payables</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,864</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,125</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term close down and restoration provision</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">31,222</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,653</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s close down and restoration provision relates to the restoration and closure of the Company&#8217;s mining operations and projects under development (note 7). The provision is initially recorded at net present value, and subsequently re-measured at each reporting period. During the year ended December 31, 2012, the Company's estimate for its close down and reclamation provision decreased by </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$14,279,000</font><font style="font-family:inherit;font-size:10pt;">&#32;due to changes in discount rates, certain economic assumptions and cash estimates.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CLOSE DOWN AND RESTORATION PROVISION (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The provision is calculated as the present value of estimated future net cash outflows based on the following key assumptions:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Discount interest rates: ranging from 8.5% to 9.9% (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- 9.75%); and</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Settlement of obligations expected to occur over the next 12 years.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A 1% change in the discount rate would increase or decrease the provision by approximately $1,500,000.</font></div><a name="s163689AA341858CF65BC3BB2D1792B5F"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONVERTIBLE NOTES</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2008, the Company sold $138,000,000 in senior convertible unsecured notes (&#8220;2008 Notes&#8221;) for net proceeds of $132,754,000 after payment of commissions and expenses related to the offering. The 2008 Notes mature on March 1, 2028 and bear an interest rate of 4.5% per annum, payable semi-annually. The 2008 Notes will be convertible into common shares of the Company at a fixed conversion rate, subject to certain anti-dilution adjustments, only in the following events:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">a)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">during specified consecutive trading periods, if the market price of our common shares exceeds 130% of the conversion price of the 2008 Notes;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">b)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the trading price of the 2008 Notes, per $1,000 principal amount, falls to 97% or less of the amount equal to the then prevailing price of the Company's common shares, multiplied by the applicable conversion rate;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">c)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the 2008 Notes are called for redemption;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">d)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">upon the occurrence of specified corporate transactions; or</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">e)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">during specified periods in early 2013 and 2028.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:72px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On conversion, holders of the 2008 Notes will receive cash and, if applicable, common shares (or, at the Company&#8217;s election, in lieu of such common shares, cash or any combination of cash and common shares). In addition, if certain fundamental changes occur to the Company, holders of the 2008 Notes may be entitled to an increased conversion rate. The principal amount will be repaid in cash and any excess value will be settled at the Company&#8217;s election in either cash or shares or a combination of the two. Any portion of the 2008 Notes not settled in cash will be convertible into the Company&#8217;s common shares at an initial conversion rate of 23.0792 common shares per $1,000 principal amount of the 2008 Notes converted, representing an initial conversion price of approximately $43.33 per common share.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Holders of the 2008 Notes will have the right to require the Company to repurchase all or part of their 2008 Notes on March 1 of each of 2013, 2018 and 2023, or upon certain fundamental corporate changes. The repurchase price will be equal to 100% of the principal amount of the 2008 Notes being converted, plus accrued and unpaid interest to the repurchase date. Subject to specified conditions, the Company shall pay the purchase price in cash. On and after March 5, 2013, the Company may redeem all or part of the 2008 Notes for cash at a redemption price equal to 100% of the principal amount of the 2008 Notes being redeemed, plus accrued and unpaid interest to the redemption date.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The 2008 Notes contain an embedded derivative due to the fact that if the holder elects to exercise their conversion option, the Company has the option to settle in either cash or common shares. At initial recognition, the 2008 Notes were allocated as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="7"></td></tr>
<tr>
    <td width="61%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gross Proceeds</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Transaction Costs</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net Proceeds</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of debt</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,144</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,773</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95,371</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of derivative liability</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,856</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,473</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,383</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">138,000</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,246</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132,754</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">14.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONVERTIBLE NOTES (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The debt portion has been designated as an &#8216;other financial liability&#8217; so that it is recorded at amortized cost, net of transaction costs, and is accreted over an expected life of 5 years until March 2013 using the effective interest method.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The movement in the debt portion of the 2008 Notes during the years comprised the following:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">127,389</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">118,201</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accretion of discount</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">10,492</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,188</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest accrued</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,227</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,210</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest paid</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(6,210</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,210</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance, December 31</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">137,898</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">127,389</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued interest</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(2,093</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,076</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total convertible notes outstanding</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">135,805</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">125,313</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The derivative liability is recognized as FVTPL, all transaction costs were expensed upon recognition and the instrument is re-measured at each reporting period. For the year ended December 31, 2012, the Company recorded an unrealized gain on the derivative liability of $1,242,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- unrealized gain of $20,182,000) (note 19). As at December 31, 2012, the Company determined that the fair value of the derivative liability was $Nil due to the time to maturity and conversion price of $43.33. In prior years, the following key assumptions were used to obtain the valuation:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="72%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 31, 2011</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">February 27, 2008</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected dividend yield (%)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Average risk-free interest rate (%)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.57</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.62</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected life (years)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16.3</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.0</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected volatility (%)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65.0</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.0</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Implied yield on straight debt (%)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.07</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.85</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subsequent to the date of these consolidated financial statements, on January 16, 2013, the Company sold $265,000,000 in senior convertible unsecured notes ("2013 Notes") for estimated net proceeds of $256,418,000 after payment of commissions and expenses related to the offering. The 2013 Notes mature on February 1, 2033 and bear an interest rate of 2.875% per annum, payable semi-annually in arrears on February 1 and August 1 of each year. The 2013 Notes will be convertible into common shares of the Company at a fixed conversion rate, subject to certain anti-dilution adjustments. In addition, if certain fundamental changes occur to the Company, holders of the 2013 Notes may be entitled to an increased conversion rate. The 2013 Notes will be convertible into the Company&#8217;s common shares at an initial conversion rate of 50 common shares per $1,000 principal amount of 2013 Notes converted, representing an initial conversion price of $20.00 per common share.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company may not redeem the 2013 Notes before February 1, 2018, except in the event of certain changes in Canadian tax law. At any time on or after February 1, 2018, but before February 1, 2020, the Company may redeem all or part of the 2013 Notes for cash, but only if the last reported sale price of the Company's common shares for 20 or more trading days in a period of 30 consecutive trading days exceeds 130% of the conversion price. On or after February 1, 2020, the Company may redeem the 2013 Notes in full or in part, for cash.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Holders of the 2013 Notes will have the right to require the Company to repurchase all or part of their 2013 Notes on February 1 of each of 2020, 2023 and 2028, or upon certain fundamental corporate changes. The repurchase price will be equal to 100% of the principal amount of the 2013 Notes being converted, plus accrued and unpaid interest to the repurchase date.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sE9D8A692F86440231EDA3BB383D0AF83"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SHARE CAPITAL AND SHARE-BASED PAYMENTS</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">a)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Authorized capital</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has unlimited authorized common shares with no par value.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">b)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock options</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has an incentive plan, approved by the Company&#8217;s shareholders at its annual general meeting held on May 14, 2008 and subsequently amended on May 11, 2011, under which options to purchase common shares may be granted to directors, officers, employees and others at the discretion of the Board of Directors. The plan provides for the issuance of incentive options to acquire up to a total of 8.5% of the issued and outstanding common shares of the company. The exercise price of each option is set at the date of grant and shall not be less than the closing market price of the company&#8217;s stock on the award date. The options can be granted for a maximum term of 10 years with vesting provisions determined by the Board of Directors. Currently, the vesting periods range up to three years, and the term is seven years. New shares from treasury are issued on the exercise of stock options.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in stock options issued during the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">&#32;is as follows</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.32163742690058%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="40%"></td>
    <td width="14%"></td>
    <td width="1%"></td>
    <td width="14%"></td>
    <td width="1%"></td>
    <td width="14%"></td>
    <td width="1%"></td>
    <td width="14%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td colspan="4" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td colspan="4" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of stock options</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted average exercise price (C$/option)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of stock options</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average exercise price (C$/option)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, January 1</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,878,372</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23.86</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,703,870</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27.18</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Granted</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">597,125</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15.22</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">518,500</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.79</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Exercised</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(54,335</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(11.50</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,028,391</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(18.97</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Expired</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(115,000</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(35.74</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(787,500</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(34.48</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Forfeited</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(282,599</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(27.24</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,528,107</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32.21</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, December 31</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,023,563</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">20.49</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,878,372</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23.86</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">597,125</font><font style="font-family:inherit;font-size:10pt;">&#32;(</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">518,500</font><font style="font-family:inherit;font-size:10pt;">) options to officers, employees, directors and other eligible persons at exercise prices ranging from C$11.68 to C$17.47 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; C$15.64 to   C$28.78) and expiry dates ranging from January 18, 2019 to August 27, 2019.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, incentive stock options constitute 2.5% (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;&#8211; 2.3%) of issued and outstanding common capital. The aggregate intrinsic value of vested share options (the market value less the exercise price) at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">&#32;was $157,000 and $107,000, respectively.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sE9D8A692F86440231EDA3BB383D0AF83"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SHARE CAPITAL AND SHARE-BASED PAYMENTS (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The weighted average fair value of stock options granted during the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">&#32;was estimated to be C$6.89 and C$11.28 per stock option, respectively, at the grant date using the Black-Scholes option pricing model, using the following assumptions:</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.90643274853801%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="64%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2012</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 31, 2011</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeiture rate (%)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3.0</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.0</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected dividend yield (%)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.0</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.0</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Average risk-free interest rate (%)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.23</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.20</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected life (years)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4.2</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.8</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected volatility (%)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">58.0</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.0</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Option pricing models require the input of highly subjective assumptions. The expected life of the options considered such factors as the average length of time similar option grants in the past have remained outstanding prior to exercise and the vesting period of the grants. Volatility was estimated based upon historical price observations over the expected term. Changes in the subjective input assumptions can materially affect the estimated fair value of the options.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The weighted average share price, at the date of grant, of stock options granted in the period was C$15.03 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- C$24.02).</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The weighted average share price at the date of the exercise of stock options was C$15.35 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- C$26.60).</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes information about stock options outstanding and exercisable at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">:</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.12670565302143%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="28%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock options outstanding</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock options exercisable</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock options outstanding</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted average remaining contractual life (years)</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stock options exercisable</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted average exercise price </font></div>
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(C$/option)</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exercise prices (C$)</font></div></td>
    <td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.50 &#8211; 15.64</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">550,362</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.7</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,133</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.22</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17.38 &#8211; 23.57</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">770,867</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.0</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">394,729</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18.21</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.41 &#8211; 28.98</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">499,334</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.2</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">347,660</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25.42</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29.02 &#8211; 36.14</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203,000</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.5</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203,000</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30.88</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,023,563</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.1</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,025,522</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22.77</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sE9D8A692F86440231EDA3BB383D0AF83"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SHARE CAPITAL AND SHARE-BASED PAYMENTS (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">c)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Share Units (&#8220;DSUs&#8221;)</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-executive directors may elect to receive all or a portion of their annual compensation in the form of DSUs which are linked to the value of the Company&#8217;s common shares. DSUs are issued on a quarterly basis under the terms of the DSU Plan, at the market value of the Company&#8217;s common shares at the date of grant. The DSUs vest immediately and are redeemable in cash on the date the director ceases to be a director of the Company.</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="72%"></td>
    <td width="13%"></td>
    <td width="1%"></td>
    <td width="13%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of DSUs</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of DSUs</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,289</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90,361</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Granted</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,828</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,151</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Redeemed</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,223</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">150,117</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">98,289</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The DSUs granted in the year ended December 31, 2012 had a fair value of $13.63 per unit (2011 - $26.25).  The DSUs are cash-settled instruments and therefore the fair value of the outstanding DSUs at the end of each reporting period is recognized as an accrued liability with the associated compensation cost recorded in general and administrative expenses.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">d)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Share Units (&#8220;RSUs&#8221;)</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSUs are granted to employees based on the value of the Company&#8217;s share price at the date of grant. The awards have a graded vesting schedule over a three-year period, and are cash-settled immediately upon vesting.</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSUs are cash-settled instruments and therefore are recognized as a liability, with fair value remeasurement at each reporting period. The associated compensation cost is recorded in general and administrative expenses unless directly attributable to a mineral property.</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="74%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of RSUs</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of RSUs</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,800</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Granted</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,900</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">93,300</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Settled</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(21,089</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Forfeited</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(18,802</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,500</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,809</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">76,800</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The RSUs granted in the year ended December 31, 2012 had a weighted average fair value of C$14.45 per unit (2011 -                     C$26.32 per unit). RSUs settled in the year ended December 31, 2012 were settled at a fair value of C$14.74 per unit (2011 - $Nil).  As at December 31, 2012, the weighted average fair value was C$14.83 per unit (December 31, 2011 - C$14.10 per unit).</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, an accrued liability of $1,300,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $382,000) was recorded with a share-based payment expense of $656,000 (2011 - $278,000).</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sE9D8A692F86440231EDA3BB383D0AF83"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SHARE CAPITAL AND SHARE-BASED PAYMENTS (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">e)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Performance Share Units (&#8220;PSUs&#8221;)</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PSUs are granted to senior executives, and vest after a performance period of three years. During 2011, in addition to a normal annual grant there was also a one-off grant of transitional PSUs, which vest after a two-year performance period. The vesting of these awards is based on the Company&#8217;s total shareholder return in comparison to its peer group, and awards range from 0% to 200% of initial PSUs granted.</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PSUs are cash-settled instruments and therefore are recognized as a liability, with fair value remeasurement at each reporting period using a Monte Carlo simulation. The associated compensation cost is recorded in general and administrative expenses.</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="74%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Number of PSUs</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of PSUs</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,700</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Granted</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">110,058</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,800</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160; &#160;Forfeited</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(18,538</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(32,100</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding, December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">201,220</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,700</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The PSUs granted in the year ended December 31, 2012 had a weighted average fair value of C$14.68 per unit (2011 -                        C$31.35 per unit). As at December 31, 2012, the weighted average fair value was C$14.83 per unit (2011 - C$7.60 per unit). No PSUs were settled during 2012.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, an accrued liability of $1,095,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $311,000) was recorded with a share-based payment expense of $773,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $320,000).</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">f)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Share-based compensation</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share-based compensation consists of the fair values of both equity-settled and cash-settled awards as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity-settled</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,377</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,676</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash-settled</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,488</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(589</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,865</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,087</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share-based compensation for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;has been recognized in the consolidated financial statements as follows:</font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">General and administrative expense</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,477</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,052</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, plant and equipment</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">388</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total share-based compensation</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,865</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,087</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s17091AAF1579696CDBFE3BB4EA73AAD7"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">16.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OTHER RESERVES</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Foreign currency translation reserve</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At January 1</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,847</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,832</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Parent company, subsidiary companies' and associate currency translation adjustments</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,635</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,781</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currency translation adjustments recycled to net income on disposals</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(898</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">788</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,847</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Available-for-sale revaluation reserves</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At January 1</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">750</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,301</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unrealized (losses) on available-for-sale securities</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(205</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,778</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign exchange (losses) gains</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(253</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">699</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred income tax recovery</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,259</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Realized (gain) on the disposal of marketable securities recycled to net income, net of tax</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,731</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Realized impairment and (gain) of marketable securities recycled to net income, net of tax</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,354</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,646</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">750</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Transactions with non-controlling interests</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At January 1</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28,198</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisition of non-controlling interest in subsidiary</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28,198</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28,198</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(28,198</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Share-based compensation reserve</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At January 1</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,810</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,124</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options exercised</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(407</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,990</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share-based compensation</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,377</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,676</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,780</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,810</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total other reserves</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">24,016</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,515</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s4B2FAC52626D2A4DC35E3BB578668F8F"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">17.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPERATING COSTS BY NATURE</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">a)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cost of sales</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of inventory</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">126,968</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,694</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depletion, depreciation and amortization</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">44,668</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,546</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Export duties </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23,372</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,686</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">195,008</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95,926</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Pirquitas mine has a fiscal stability agreement with the government of Argentina dating from 1998 (the &#8220;Fiscal Agreement&#8221;).  In December 2007, the National Customs Authority of Argentina (the &#8220;NCA&#8221;) levied an export duty of approximately 10% on concentrates, even for projects with fiscal stability agreements predating 2002.  The legality of the export duty on silver concentrates has been challenged and is currently under review by the court in Argentina. The Company has been advised that the Pirquitas mine is subject to this export duty despite contrary rights detailed under the Fiscal Agreement.  In December 2012, the Federal Court of Appeal (Salta) upheld a cease payment order granted in the Company's favour by the Federal Court (Jujuy) effective September 29, 2010, which provided that the Company was not required to pay the 10% export duty imposed upon us by the NCA in December 2007.  However, the Federal Government of Argentina has appealed this decision to the Federal Supreme Court of Argentina. The appeal by the Federal Government of Argentina has also included the refund claimed by the Company for the export duties paid before the cease payment order, as well as matters of procedure related to the uncertainty of the amount reclaimed.</font></div></td></tr>
</table>

<div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Until the order to cease payment was granted in 2010, the Pirquitas mine had paid $6,646,000 in export duties, against which it has filed for recovery.  In accordance with this order, the Company has not been paying export duties on silver concentrate but continues to accrue duties in full until the outcome of the claim is known with certainty. For the year ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, duties on silver concentrates of $21,480,000 (</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $10,538,000) have been included in cost of sales, and as of December 31, 2012, the Company has accrued a liability totaling </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$35,009,000</font><font style="font-family:inherit;font-size:10pt;">&#32;(</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$13,101,000</font><font style="font-family:inherit;font-size:10pt;">), with a corresponding increase in cost of sales in the relevant period.  If this export duty is successfully overturned, the benefit will be recognized in the Consolidated Statement of Income for the full amount of paid and unpaid duty in the period that recovery becomes virtually certain.  The accrued export duty also has a significant impact on the Company's total production cost. If resolved in the Company's favour, the impact would be to reduce total production costs by approximately 10% of the net sales price on a per ounce basis.</font></div>

<div style="line-height:120%;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">b)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">General and administrative expenses</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Salaries and benefits</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">9,052</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,804</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Share-based compensation</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">6,477</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,052</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Consulting and professional fees</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,448</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,790</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Travel expense</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,127</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,673</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Insurance expense</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">913</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">846</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Rent expense</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">788</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">685</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Shareholder and investor relations</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">715</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,055</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Computer expenses</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">508</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">456</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Directors fees and expenses</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">353</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">688</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Listing and filing fees</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">253</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">374</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depreciation and amortization</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">173</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">286</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other expenses</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">855</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,942</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">23,662</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">23,651</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s7E998E9B98B394B76F033BBE4352CF49"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">18.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCE INCOME AND EXPENSES</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">a)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest earned and other finance income</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest earned</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,066</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,600</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accretion earned on convertible debenture receivable</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">691</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total interest earned and other finance income</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,066</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,291</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;text-align:justify;"><font style="text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">b)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest expense and other finance costs</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense on convertible notes</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(6,227</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,210</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accretion expense on convertible notes</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(10,493</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(9,188</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accretion of close down and restoration provision</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(6,086</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,596</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other interest expense</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,655</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(398</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total interest expense and other finance costs</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(24,461</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17,392</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="s0EDD2CBCAA33C82C9A693BBEDFF087B8"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">19.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OTHER INCOME (OTHER EXPENSES)</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on sale of other investments </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,853</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on dilution of associate (note 8)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15,839</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,803</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share of net (loss) of associate</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(3,409</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,078</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unrealized (loss) gain on financial instruments at FVTPL</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;</sup></font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(2,501</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,182</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on sale of marketable securities</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,453</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss on marketable securities </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(9,354</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Write-off of mineral property costs</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(86</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,624</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reversal of impairment of convertible debenture </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,400</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividend income</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">701</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Miscellaneous expense</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,365</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,056</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4,678</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,080</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font><font style="font-family:inherit;font-size:10pt;">&#32;The Company disposed of its Canadian asset-backed commercial paper (ABCP), following improved liquidity in that market. These assets had been previously written off.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font><font style="font-family:inherit;font-size:10pt;">&#32;Financial instruments held at FVTPL includes the conversion feature of a convertible debenture receivable, the warrant liability (note 12), and the conversion option embedded in the 2008 Notes (note 14).</font></div>

<div style="line-height:120%;text-align:justify;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3) </sup></font><font style="font-family:inherit;font-size:10pt;">The Company recorded an impairment on marketable securities, due to a significant decline in share price, resulting in a realized loss of $10,806,000. This was offset by a $1,452,000 gain on disposal of a marketable security.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(4) </sup></font><font style="font-family:inherit;font-size:10pt;">In 2011, the Company settled its convertible debenture with Aurcana Corporation ("Aurcana"), which resulted in a recovery of the previous impairment of $2,400,000.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sCEBF4DB1CACAA079D9483BBFCE8E1A18"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">20.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EARNINGS PER SHARE</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The calculations of basic and diluted earnings per share for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;are based on the following:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="7"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="1%"></td>
    <td width="15%"></td>
    <td width="1%"></td>
    <td width="1%"></td>
    <td width="15%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings used in the calculation of diluted earnings per share</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">54,826</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,128</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average number of common shares issued (thousands)</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">80,744</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,324</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adjustments for dilutive instruments:</font></div></td>
    <td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160; &#160;Stock options (thousands)</font></div></td>
    <td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">17</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">336</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average number of common shares for diluted earnings per share (thousands)</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">80,761</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,660</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="3" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic earnings per share</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:top;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.68</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:top;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.00</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted earnings per share</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.68</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.99</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The 2008 Notes (note 14) in certain circumstances are convertible at the request of the holders. In such an event the initial principal would be repayable in cash and any incremental value settled at the election of the Company in either cash or common shares, or a combination of the two. The potential dilutive impact of the shares is therefore only that portion of the 2008 Notes where the share price exceeds the conversion price of $43.33 per share. Given that at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;the share price was significantly below the conversion price an assumed conversion by holders would not have any dilution impact because the balance would be repaid in full in cash.</font></div><a name="sFB9540EE07744ACB71B73BC0770B40A9"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">21.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPERATING SEGMENTS</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is a resource company focused on acquisition, exploration, development and operation of silver-dominant projects in the Americas.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">An operating segment is defined as a component of the Company:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">that engages in business activities from which it may earn revenues and incur expenses;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">whose operating results are reviewed regularly by the entity&#8217;s chief operating decision maker; and,</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">for which discrete financial information is available.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has identified its operating segments based on the information used by the President and Chief Executive Officer (who is considered to be the chief operating decision maker) to manage the business. The Company primarily manages its business by looking at individual extractive projects and typically segregates these projects between production, development and exploration. For reporting purposes all exploration and development projects have been aggregated into a single reportable segment &#8216;exploration and development properties&#8217; because they all have similar characteristics and none exceed the quantitative thresholds for individual disclosure. The only production property, the Pirquitas mine, is considered a single operating segment which derives its revenues from the sale of silver and zinc concentrates. The corporate division only earns income that is considered incidental to the activities of the Company and therefore does not meet the definition of an operating segment. Consequently, the following reporting segments have been identified:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pirquitas mine; and</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exploration and development properties.</font></div></td></tr>
</table><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">21.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPERATING SEGMENTS (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of the reported amounts of income or loss, and the carrying amounts of assets and liabilities by operating segment:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="48%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December 31, 2012</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Pirquitas mine</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Exploration and development properties</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other reconciling items </font><font style="font-family:inherit;font-size:9pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i, ii)</sup></font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revenue</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">241,120</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">241,120</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cost of inventory and export duties</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(150,340</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(150,340</font></div></td>
    <td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depletion, depreciation and amortization</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(44,668</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(44,668</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cost of sales</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(195,008</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(195,008</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income from mine operations</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46,112</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">46,112</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Operating income (loss)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,467</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(716</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(23,003</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">9,748</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income before income tax</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">16,764</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(649</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,969</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">35,084</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest income and other finance income</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">824</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">388</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">854</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2,066</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest expense and other finance costs</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(7,431</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(75</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(16,955</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(24,461</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Write-off of mineral property costs</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">86</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">86</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income tax expense</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">19,127</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">982</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(367</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">19,742</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">613,309</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">272,818</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">430,785</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1,316,912</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-current assets</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">365,038</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">237,039</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">121,064</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">723,141</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(94,173</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(3,944</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(161,468</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(259,585</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="48%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December 31, 2011</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Pirquitas mine</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;text-align:right;">Exploration and development properties</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other reconciling items </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i, ii)</sup></font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revenue</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">147,845</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">147,845</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cost of inventory and export duties</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(79,380</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(79,380</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Depletion, depreciation and amortization</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(16,546</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(16,546</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cost of sales</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(95,926</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(95,926</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income from mine operations</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">51,919</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">51,919</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Operating income (loss)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">47,691</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,143</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(23,983</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">22,565</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income (loss) before income tax</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">39,126</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46,040</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">26,359</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">111,525</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest income and other finance income</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,291</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,291</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest expense and other finance costs</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1,542</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(114</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(15,736</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,392</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Write-off of mineral property costs</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,624</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(4,624</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Income tax expense</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(21,050</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(9,524</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(823</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(31,397</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total assets</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">568,212</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">232,038</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">475,852</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,276,102</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Non-current assets</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">459,789</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">202,752</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">136,885</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">799,426</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total liabilities</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(94,395</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(22,355</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(175,377</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(292,127</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:8pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#32;Other reconciling items refer to items that are not reported as part of segment performance as they are managed on a group basis.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:8pt;">(ii)</font><font style="font-family:inherit;font-size:10pt;">&#32;Includes the equity-accounted investment in Pretium.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">21.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">OPERATING SEGMENTS (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment revenue by product</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">%</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Silver</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">98</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">94</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Zinc</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Segment revenue by location of customer</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100% of revenues are attributable to the Pirquitas mine segment.  Revenue from five of the Company's customers each individually represent over 10% of the total silver and zinc sales revenue. In 2011, one customer, based in Switzerland, accounted for 100% of the zinc and silver sales revenue.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-current assets by location</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Canada</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">122,393</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">138,205</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Argentina</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">388,841</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">481,654</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mexico</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">130,277</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,674</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Peru</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">59,150</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,950</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">12,348</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,942</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chile</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">10,132</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,001</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">723,141</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">799,426</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><a name="sD1D7B081E4AF1A926CB63BCAFF65740D"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">22.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL INSTRUMENTS</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s financial instruments include cash and cash equivalents, trade and other receivables, other financial assets, trade and other payables, warrant liabilities and convertible notes.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">a)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial assets and liabilities by category</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="11"></td></tr>
<tr>
    <td width="40%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">At December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Loans and receivables</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">FVTPL</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Available-for-sale</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other financial liabilities</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Financial assets</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">366,947</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">366,947</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Trade and other receivables</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">112</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">40,947</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">41,059</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other financial assets </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,847</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">34,733</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">36,580</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total financial assets</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">368,906</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">40,947</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">34,733</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">444,586</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Financial liabilities</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Trade and other payables</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">77,143</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">77,143</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Convertible notes </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">135,805</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">135,805</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total financial liabilities</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">212,948</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">212,948</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">22.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL INSTRUMENTS (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="11"></td></tr>
<tr>
    <td width="40%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">At December&#160;31, 2011</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Loans and receivables</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">FVTPL</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Available-for-sale</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="font-size:9pt;text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Other financial liabilities</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Financial assets</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cash and cash equivalents</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">329,055</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">329,055</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Trade and other receivables </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,045</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">5,045</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other financial assets </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,768</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,539</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">35,307</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total financial assets</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">335,868</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">33,539</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">369,407</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Financial liabilities</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Trade and other payables</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46,898</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">46,898</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Warrant liability</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,067</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">7,067</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Convertible notes </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,242</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">125,313</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">126,555</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total financial liabilities</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">8,309</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">172,211</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">180,520</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain trade and other receivables are classified as FVTPL due to the embedded derivative identified through provisional pricing arrangements discussed in note 2(e).</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other financial assets include marketable securities which have been designated as available-for-sale assets</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3)</sup>&#160;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The embedded share purchase option of the 2008 Notes is recognized at FVTPL while the debt portion is designated as an other financial liability.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;text-align:justify;"><font style="padding-bottom:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">b)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value of financial instruments</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="52%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="4" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td colspan="4" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Carrying value</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial assets</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other receivables</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,059</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41,059</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,045</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,045</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other financial assets</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,580</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,580</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,307</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,307</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total financial assets</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">77,639</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">77,639</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,352</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,352</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial liabilities</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Warrant liability</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,067</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,067</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible notes</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">135,805</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">138,000</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126,555</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136,275</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total financial liabilities</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">135,805</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">138,000</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,622</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">143,342</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying values of cash and cash equivalents, certain other financial assets, trade and other payables, approximate their fair values due to their short maturity.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">22.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL INSTRUMENTS (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value hierarchy</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that are held at fair value are categorized based on a valuation hierarchy which is determined by the valuation methodology utilized:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="48%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="8" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value at December&#160;31, 2012</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 1</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 2</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Level 3</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other receivables</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,947</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">40,947</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,733</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">34,733</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,733</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,947</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">75,680</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 1 &#8211; quoted prices (unadjusted) in active markets for identical assets or liabilities</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities, consisting of available-for-sale investments with no trading restrictions are valued using a market approach based upon unadjusted quoted prices in an active market obtained from securities exchanges.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 2 &#8211; inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices); and </font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade receivables from provisional invoices for concentrate sales are included within Level 2, as the basis of valuation uses quoted commodity prices. </font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 3 &#8211; inputs for an asset or liability that are not based on observable market data (unobservable inputs)</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There were no transfers between Level 1 and Level 2 or transfers into and out of Level 3 during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;or </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">.</font></div><a name="sDD8165F6A7D6703B0FCB3BCCEB737927"></a>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL RISK MANAGEMENT</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is exposed to a variety of financial risks as a result of its operations, including market risk (which includes price risk, currency risk and interest rate risk), credit risk and liquidity risk. The Company&#8217;s overall risk management strategy seeks to reduce potential adverse effects on the Company&#8217;s financial performance. Risk management is carried out under policies approved by the Board of Directors.</font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company may, from time to time, use foreign exchange contracts, commodity price contracts and interest rate swaps to manage its exposure to fluctuations in foreign currency, metal prices and interest rates. The Company does not have a practice of trading derivatives. In the past, the Company&#8217;s use of derivatives was limited to specific programs to manage fluctuations in foreign exchange risk, which are subject to the oversight of the Board of Directors. </font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The risks associated with the Company&#8217;s financial instruments, and the policies on how the Company mitigates those risks are set out below. This is not intended to be a comprehensive discussion of all the risks facing the Company.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">a)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Market Risk</font></div>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This is the risk that the fair values of financial instruments will fluctuate owing to changes in market prices. The significant market risks to which the Company is exposed are price risk, currency risk and interest rate risk.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL RISK MANAGEMENT (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Price Risk</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This is the risk that the fair values or future cash flows of the Company&#8217;s financial instruments will fluctuate because of changes in market prices. Income from mine operations in the next year depends on the metal prices for silver, and to a lesser extent, zinc. These prices are affected by numerous factors that are outside the control of the Company such as:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:84px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">global or regional consumption patterns;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:84px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the supply of, and demand for, these metals;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:84px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">speculative activities;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:84px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the availability and costs of metal substitutes;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:84px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">inflation; and</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:84px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:60px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">political and economic conditions, including interest rates and currency values.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The principal financial instrument that the Company holds which is impacted by commodity prices is the embedded derivative within trade receivables. The majority of sales agreements are subject to pricing terms that settle within one to three months after delivery of concentrate, and this adjustment period represents the Company&#8217;s trade receivable exposure to variations in commodity prices.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has not hedged the price of silver as part of its overall corporate strategy.</font></div>

<div style="line-height:120%;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A 10% increase in the average commodity price for the year, with all other variables held constant, would have resulted in the following impact to the Company&#8217;s after-tax net income:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="66%"></td>
    <td width="16%"></td>
    <td width="1%"></td>
    <td width="16%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Products</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10% increase in silver price</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">15,412</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,005</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10% increase in zinc price</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">346</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">605</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company holds certain investments in available-for-sale marketable securities which are measured at fair value, being the closing price of each equity investment at the balance sheet date. The Company is exposed to changes in share prices which would result in gains and losses being recognized in other comprehensive income.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(ii)&#160;</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Currency Risk</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Currency risk is the risk that the fair values or future cash flows of the Company&#8217;s financial instruments will fluctuate because of changes in foreign currency rates. The Company&#8217;s financial instruments are exposed to currency risk where those instruments are denominated in currencies that are not the same as their functional currency; exchange gains and losses in these situations impact earnings. </font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL RISK MANAGEMENT (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following are the most significant areas of exposure to currency risk:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="52%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="8" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Canadian dollar</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Argentine peso</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Australian dollar</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Mexican peso</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,860</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62,612</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,583</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,482</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,034</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,699</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Value added tax receivable</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,976</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,521</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Export duty accrual</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35,009</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other payables</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,088</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,924</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(726</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44,806</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,655</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,282</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,277</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="9"></td></tr>
<tr>
    <td width="52%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td>
    <td width="11%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td colspan="8" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Canadian dollar</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Argentine peso</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Australian dollar</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mexican peso</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80,480</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,051</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">584</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marketable securities</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,753</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,787</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,045</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Value added tax receivable</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,636</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,006</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Export duty accrual</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13,101</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other payables</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,825</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,608</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,500</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,114</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Warrant liability</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,067</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,341</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,978</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,332</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">476</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company monitors and manages this risk with the objective of ensuring its group-wide exposure to negative fluctuations in currencies against the U.S. dollars is managed. As at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;the Company has not entered into any derivatives to mitigate this risk. At December 31, 2012 the Company held </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$62,612,000</font><font style="font-family:inherit;font-size:10pt;">&#32;in Argentina. Argentine government regulations of U.S. dollar inflows and outflows restricts the Company's ability to repatriate cash generated by the Pirquitas mine. The Company is repatriating cash from Argentina under a fixed schedule of debt repayments. The Company is actively seeking ways to mitigate the risk on its cash balance of a devaluation of the Argentine peso. </font></div>

<div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A 10% increase in the United States dollar exchange rate on financial assets and liabilities denominated in the following currencies, with all other variables held constant, would have resulted in the following impact to the Company&#8217;s after-tax net income:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="74%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Canadian dollar</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(3,361</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,830</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Argentine peso</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(5,269</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,635</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Australian dollar</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(1,490</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(630</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mexican peso</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(300</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL RISK MANAGEMENT (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(iii) &#160;Interest Rate Risk</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate risk is the risk that the fair values or future cash flows of the Company&#8217;s financial instruments will fluctuate because of changes in market interest rates. Interest rate risk mainly arises from the interest rate impact on our cash and cash equivalents because they are the only financial instrument the Company holds that is impacted by interest based on variable market interest rates. The convertible notes have fixed interest rates and are not exposed to fluctuations in interest rates; a change in interest rates would impact the fair value of the instruments, but because the Company records the 2008 Notes at amortized cost there would be no impact on the financial results of the Company. The Company monitors its exposure to interest rates closely and has not entered into any derivative contracts to manage its risk. Similar risk exposures exists for the convertible notes issued in 2013.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, the weighted average interest rate on our cash and cash equivalents was 0.41% (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- 0.14%). With other variables unchanged, a 1% increase in the annualized interest rate would increase after tax net income by $2,619,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $2,340,000).</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">b)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Credit Risk</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit risk is the risk that a third party might fail to discharge its obligations under the terms of a financial contract. The Company&#8217;s credit risk is limited to the collectibility of trade receivables in the ordinary course of business and the quality of its financial investments.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Credit risk related to financial institutions and cash deposits</font><font style="font-family:inherit;font-size:10pt;">&#32;Under the Company&#8217;s investment policy, investments are made  only in highly rated financial institutions, corporate and government securities. The Company considers the risk of loss associated with investments to be low.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Credit risk related to trade receivables</font><font style="font-family:inherit;font-size:10pt;">&#32;The Company is exposed to credit risk through its trade receivables on concentrate sales, which are principally with internationally-recognized counterparties. Payments of receivables are scheduled, routine and received within a contractually agreed time frame. The Company manages this risk by requiring provisional payments of at least 80 percent of the value of the concentrate shipped and through utilizing multiple counterparties. By undertaking a process of diversifying its customer base from one in 2011 to four long-term customers in 2012, the Company has reduced this risk further.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Credit risk related to other financial assets</font><font style="font-family:inherit;font-size:10pt;">&#32;All other receivable balances are expected to be collectible in full due to the nature of the counterparties and/or a previous history of collectibility.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company also has credit risk through its significant value added tax receivable balance that is collectible from the government of Argentina. The balance is expected to be recoverable in full, however due to legislative rules and the complex collection process, a significant portion of the asset is classified as non-current until government approval of the recovery claim is approved.</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s maximum exposure to credit risk as at December 31 was as follows:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="64%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash and cash equivalents</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">366,947</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">329,055</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Value added tax receivable</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">70,159</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90,642</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other receivables</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">41,059</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,045</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other financial assets</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1,847</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,768</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">480,012</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">426,510</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, no amounts were held as collateral.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always">

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FINANCIAL RISK MANAGEMENT (Cont'd)</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">c)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liquidity Risk</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liquidity risk is the risk that the Company will not be able to meet its obligations over financial instruments as they fall due. The Company manages its liquidity risk through a rigorous planning and budgeting process, which is reviewed and updated on a regular basis, to help determine the funding requirements to support the Company&#8217;s current operations, expansion and development plans, and by managing its capital structure as described in note 23(d). The Company&#8217;s objective is to ensure that there are sufficient committed financial resources to meet its business requirements for a minimum of twelve months. Argentine government regulation of U.S. dollar inflows and outflows restricts the ability to repatriate cash generated by the Pirquitas mine. The Company is repatriating cash from Argentina under a fixed schedule of debt repayments.</font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the normal course of business, the Company enters into contracts that give rise to commitments for future minimum payments. The following is a maturity profile of financial liabilities and operating and capital commitments presenting contractual undiscounted cash flows as at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="11"></td></tr>
<tr>
    <td width="45%"></td>
    <td width="10%"></td>
    <td width="1%"></td>
    <td width="10%"></td>
    <td width="1%"></td>
    <td width="10%"></td>
    <td width="1%"></td>
    <td width="10%"></td>
    <td width="1%"></td>
    <td width="10%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td colspan="10" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Payments due by period</font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Contractual obligations</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Total</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Less than one year</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">1 - 3 years</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">4-5 years</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">After 5 years</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Trade and other payables</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">77,143</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">77,143</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;border-top:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Convertible notes </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i)</sup></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">138,000</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">138,000</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Interest on convertible notes </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i)</sup></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,079</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,079</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Capital expenditure commitments</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">18,875</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,646</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">9,229</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Minimum lease rental and lease payments</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">3,528</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">421</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,499</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,161</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">447</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;">
        <div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Total contractual obligations</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">240,625</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">228,289</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">10,728</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,161</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;">
        <div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">447</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;border-top:2px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(i)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible notes mature in 2028 but are redeemable in part or in full at the option of the holder on March 1 at each of 2013, 2018, and 2023, or upon fundamental corporate changes. They are also redeemable by the Company in part or in full on and after March 5, 2013. The notes bear interest of 4.5% per annum and are convertible into common shares upon specified events at a fixed conversion price of approximately $44.33 per common share (note 14).</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:4px;text-align:justify;padding-left:72px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management, working capital at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;together with future cash flows from operations is sufficient to support the Company&#8217;s commitments through </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">d)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Capital management</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s objectives when managing capital are:</font></div>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">to safeguard its ability to continue as a going concern in order to develop and operate its current projects and pursue strategic growth initiatives;</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">to maintain a flexible capital structure which lowers the cost of capital; and</font></div></td></tr>
</table>

<table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#9642;</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">to provide an adequate return to shareholders.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In assessing the capital structure of the Company, management includes in its assessment the components of shareholders&#8217; equity, convertible notes, and cash and cash equivalents. In order to facilitate the management of capital requirements, the Company prepares annual expenditure budgets and continuously monitors and reviews actual and forecasted cash flows. The annual and updated budgets are monitored and approved by the Board of Directors.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To maintain or adjust the capital structure, the Company may, from time to time, issue new shares, issue new debt, repay debt or dispose of non-core assets. The Company expects its current capital resources will be sufficient to carry out its exploration plans and support operations through the current operating period.</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company issued convertible notes in 2008 (note 14) but these do not contain any financial covenants. Accordingly, as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, there were no externally-imposed capital requirements.</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="sAF114B48F284BE5B8AB53BCE29FA6996"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">24.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RELATED PARTY TRANSACTIONS</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">a)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Related party transactions</font></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, the Company recorded administrative, technical services and expense reimbursements of $500,000 (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">- $82,000) from companies related by common directors or officers, including Pretium. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, trade and other receivables include $Nil (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $101,000) and trade and other payables include $Nil (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;- $688,000) with these related parties. Any amounts due from or payable to related parties are non-interest bearing and without specific terms of repayment. Any transactions for expense reimbursement with related parties are under normal business terms.</font></div>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">b)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Key management compensation</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Key management includes directors (executive and non-executive) and other key officers of the Company, including the CEO, CFO and Senior Vice Presidents. The compensation paid or payable to key management for employee services is shown below:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="64%"></td>
    <td width="17%"></td>
    <td width="1%"></td>
    <td width="17%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Salaries and other short-term employee benefits</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,152</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,252</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Post-employment benefits</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Termination benefits</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,067</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share-based compensation </font><font style="font-family:inherit;font-size:8pt;">(i)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,897</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,904</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total compensation</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,064</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,248</font></div></td>
    <td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="padding-bottom:10px;font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:72px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(i)</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Share-based compensation includes mark-to-market adjustments on cumulative DSU positions as reported in the consolidated statements of income.</font></div></td></tr>
</table>

<div style="line-height:120%;padding-left:24px;padding-bottom:10px;padding-top:10px;text-align:justify;"><font style="padding-bottom:10px;padding-top:10px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:24px;">c)</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principal Subsidiaries</font></div>

<div style="line-height:120%;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of the company and its wholly-owned subsidiaries, the most significant of which are presented in the following table:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="4"></td></tr>
<tr>
    <td width="45%"></td>
    <td width="16%"></td>
    <td width="13%"></td>
    <td width="26%"></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsidiary</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Ownership</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Project</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pacific Rim Mining Corporation Argentina S.A.</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Argentina</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diablillos</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minera Silver Standard Chile S.A.</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chile</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Challacollo</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Silver Standard Durango, S.A. de C.V.</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mexico</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pitarrilla</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Silver Standard Exploraciones, S.A. de C.V.</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mexico</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Veta Colorada and others</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Silver Standard Mexico, S.A. de C.V.</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mexico</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Agust&#237;n, Nazas and others</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sociedad Minera Berenguela S.A.</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Peru</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Berenguela</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reliant Ventures S.A.C.</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Peru</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Luis</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Candelaria Mining Company</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">USA (Delaware)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Candelaria</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mina Pirquitas, Inc. Sucursal Argentina</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">USA (Delaware)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pirquitas</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maverick Silver Inc.</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">USA (Nevada)</font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100% </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font></div></td>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maverick Springs</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Silver Standard U.S. Inc.</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">USA (Nevada)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Saddleback, Silver Creek</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:48px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:8pt;">(*)</font></div></td>
    <td style="vertical-align:top;padding-left:24px;">
        <div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-24px;"><font style="font-family:inherit;font-size:10pt;">The Maverick Springs project is held in a joint venture in which the Company has a 55% interest, representing all of the silver resources hosted in the project.</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div><hr style="page-break-after:always"><a name="s207D48678BEFE9336F433BCEC1E584AA"></a>

<div>

<div style="line-height:120%;text-align:center;font-size:14pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="1"></td></tr>
<tr>
    <td width="100%"></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">Silver Standard Resources Inc.</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Notes to the Consolidated Financial Statements</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">December 31, 2012 and 2011</font></div></td></tr>
<tr>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(tabular amounts expressed in thousands of United States dollars unless otherwise stated)</font></div></td></tr>
</table></div></div></div><br>

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;">
<tr>
    <td style="width:24px;"></td>
    <td></td></tr>
<tr>
    <td style="vertical-align:top">
        <div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25.</font></div></td>
    <td style="vertical-align:top;">
        <div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUPPLEMENTAL CASH FLOW INFORMATION</font></div></td></tr>
</table>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in working capital items during the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;are as follows:</font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="74%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$&#160;</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other receivables (excluding VAT)</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(38,273</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,831</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(5,811</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(50,073</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Trade and other payables</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">29,045</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,728</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxes payable</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(21,794</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,861</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(36,833</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,653</font></div></td>
    <td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;the Company conducted the following non-cash investing and financing transactions:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="74%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shares received for sale of mineral property</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,133</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of marketable securities transferred to acquire non-controlling interest</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,522</font></div></td>
    <td style="vertical-align:top;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transfer of share-based payment reserve upon exercise of stock options</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(407</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,990</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-right:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr>
</table></div></div>

<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">&#32;and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">&#32;the Company made the following cash payments for interest and taxes:</font></div>

<div style="line-height:120%;font-size:10pt;">

<div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;">

<table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;">
<tr>
    <td colspan="5"></td></tr>
<tr>
    <td width="74%"></td>
    <td width="12%"></td>
    <td width="1%"></td>
    <td width="12%"></td>
    <td width="1%"></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="font-weight:bold;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December 31</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2012</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2011</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td>
    <td style="vertical-align:bottom;border-bottom:1px solid #000000;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest paid</font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6,210</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;background-color:#c6f4f9;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,210</font></div></td>
    <td style="vertical-align:bottom;background-color:#c6f4f9;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
<tr>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxes paid</font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">19,269</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td>
    <td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;">
        <div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,430</font></div></td>
    <td style="vertical-align:bottom;">
        <div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr>
</table></div></div>

<div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div>

<div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the year ended December 31, 2012, the Company received dividends of $701,000 (2011 - $Nil).</font></div><br>

<div>

<div style="line-height:120%;text-align:right;"><hr></div>

<div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52 | </font><font style="font-family:inherit;font-size:10pt;color:#999999;">Page</font></div></div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>eh1300409_ex9904.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
<html>
<head>
    <title>eh1300409_ex9904.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99.4</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934, </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">I, John Smith, certify that:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">1.</font></div>
</td>
<td width="1221">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">I have reviewed this annual report on Form 40-F of Silver Standard Resources Inc.;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">2.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">3.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">4.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The issuer&#8217;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Evaluated the effectiveness of the issuer&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Disclosed in this report any change in the issuer&#8217;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s internal control over financial reporting; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">5.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The issuer&#8217;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer&#8217;s auditors and the audit committee of the issuer&#8217;s board of directors (or persons performing the equivalent function):</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#8217;s ability to record, process, summarize and report financial information; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#8217;s internal control over financial reporting.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Dated: March 15, 2013</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%" style="PADDING-BOTTOM: 2px">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">/s/ John Smith</font></div>
</td>
<td align="left" valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">John Smith</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">President &amp; Chief Executive Officer</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #000000" align="center" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>eh1300409_ex9905.htm
<DESCRIPTION>EXHIBIT 99.5
<TEXT>
<html>
<head>
    <title>eh1300409_ex9905.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99.5</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934, </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">I, Gregory J. Martin, certify that:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">1.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">I have reviewed this annual report on Form 40-F of Silver Standard Resources Inc.;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">2.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">3.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">4.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The issuer&#8217;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Evaluated the effectiveness of the issuer&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Disclosed in this report any change in the issuer&#8217;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s internal control over financial reporting; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">5.</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The issuer&#8217;s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer&#8217;s auditors and the audit committee of the issuer&#8217;s board of directors (or persons performing the equivalent function):</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#8217;s ability to record, process, summarize and report financial information; and</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#8217;s internal control over financial reporting.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Dated: March 15, 2013</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%" style="PADDING-BOTTOM: 2px">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">/s/ Gregory J. Martin</font></div>
</td>
<td align="left" valign="top" width="10%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Gregory J. Martin</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="40%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Senior Vice-President &amp; Chief</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Financial Officer</font></div>
</td>
<td align="left" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;

<div>
<hr style="COLOR: #000000" align="center" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>eh1300409_ex9906.htm
<DESCRIPTION>EXHIBIT 99.6
<TEXT>
<html>
<head>
    <title>eh1300409_ex9906.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99.6</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED </font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">In connection with the Annual Report of Silver Standard Resources Inc. (the &#8220;Company&#8221;) on Form 40-F for the year ended December 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the &#8220;Report&#8221;), I, John Smith, President &amp; Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">1.</font></div>
</td>
<td align="left" valign="bottom" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="bottom" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">2.</font></div>
</td>
<td align="left" valign="bottom" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="4%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">/s/ John Smith</font></div>
</td>
<td align="left" valign="top" width="52%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="4%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="83%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">John Smith</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="4%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="83%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">President &amp; Chief Executive Officer</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="4%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="83%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" colspan="3" valign="top" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Dated: March 15, 2013</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;

<div>
<hr style="COLOR: #000000" align="center" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.7
<SEQUENCE>8
<FILENAME>eh1300409_ex9907.htm
<DESCRIPTION>EXHIBIT 99.7
<TEXT>
<html>
<head>
    <title>Unassociated Document</title>
    <!--Licensed to: PAUL WEISS-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99.7</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">In connection with the Annual Report of Silver Standard Resources Inc. (the &#8220;Company&#8221;) on Form 40-F for the year ended December 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the &#8220;Report&#8221;), I, Gregory J. Martin, Senior Vice-President &amp; Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">1.</font></div>
</td>
<td align="left" valign="bottom" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" valign="bottom" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">2.</font></div>
</td>
<td align="left" valign="bottom" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top" style="LINE-HEIGHT: 1.25;">
<td style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</td>
<td>&#160;</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="4%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="28%" style="BORDER-BOTTOM: #000000 2px solid">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">/s/ Gregory J. Martin</font></div>
</td>
<td align="left" valign="top" width="55%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="4%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="83%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Gregory J. Martin</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" valign="top" width="4%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="83%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Senior Vice-President &amp; Chief Financial Officer</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="left" colspan="3" valign="top" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial, sans-serif; FONT-SIZE: 1pt">&#160;</font></div>
</td>
<td align="left" colspan="3" valign="top" width="87%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt">Dated: March 15, 2013</font></div>
</td>
</tr></table>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Arial; FONT-SIZE: 10pt">&#160;</font><br>
&#160;

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #000000" align="center" noshade size="2" width="100%">
</div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.8
<SEQUENCE>9
<FILENAME>eh1300409_ex9908.htm
<DESCRIPTION>EXHIBIT 99.8
<TEXT>
<html>
<head>
    <title>eh1300409_ex9908.htm</title>
    <!--Licensed to: PAUL WEISS-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold">EXHIBIT 99.8</font></div>

<div>&#160;</div>

<div><img src="pwc_logo.jpg" alt="GRAPHIC"></div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF INDEPENDENT AUDITORS</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We hereby consent to (i) the inclusion in Silver Standard Resources Inc.&#8217;s&#160;&#160;Annual Report on Form 40-F for the year ended&#160;December 31, 2012 and (ii) incorporation by reference in the Registration Statement on Form&#160;S-8 (No.&#160;333-185498) of our report dated February&#160;28, 2013 on the consolidated financial statements of the Company, comprising&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt">the consolidated statement of financial position as at December&#160;31,&#160;2012 and December&#160;31,&#160;2011 and the consolidated statements of income, comprehensive income, changes in shareholders&#8217; equity and cash flows&#160;&#160;for the years then ended December 31, 2012 and 2011</font>; and on the effectiveness of the internal control over financial reporting of Silver Standard Resources Inc.&#160;&#160;as of December 31, 2012.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">/s/ PricewaterhouseCoopers LLP</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="a13Date"><!--EFPlaceholder--></a><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Chartered Accountants</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">March 15, 2013</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.15pt" align="left">
<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td width="2%" style="TEXT-ALIGN: left; BORDER-LEFT: orange 2px dotted; BORDER-TOP: orange 2px dotted"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="98%" style="BORDER-TOP: orange 2px dotted"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">PricewaterhouseCoopers LLP</font></font></td>
</tr><tr>
<td width="2%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td width="98%">
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">PricewaterhouseCoopers Place, 250 Howe Street, Suite 700, Vancouver, British Columbia, Canada V6C 3S7</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">T: +1&#160;604&#160;806 7000, F: +1&#160;604&#160;806 7806, www.pwc.com/ca</font></font></div>
</td>
</tr></table>
</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160;</font></div>

<div style="MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#8220;PwC&#8221; refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.</font></div>
</div>
</div>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.9
<SEQUENCE>10
<FILENAME>eh1300409_ex9909.htm
<DESCRIPTION>EXHIBIT 99.9
<TEXT>
<html>
<head>
    <title>eh1300409_ex9909.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.9</font></div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Andrew Sharp, FAusIMM and reports, NI43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina&#160;&#160;dated December 23, 2011 and NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico dated effective December 14, 2012 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Reports</font>&#8221;), and the information contained in my Reports, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;15<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ Andrew Sharp&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Andrew Sharp, FAusIMM</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div>&#160;</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Trevor Yeomans, P. Eng., ACSM and reports, NI43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina&#160;&#160;dated December 23, 2011 and NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico&#8221; dated effective December 14, 2012 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Reports</font>&#8221;), and the information contained in my Reports, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;5<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;&#160;&#160;/s/ Trevor Yeomans&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Trevor Yeomans, P. Eng., ACSM</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div>&#160;</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.10
<SEQUENCE>11
<FILENAME>eh1300409_ex9910.htm
<DESCRIPTION>EXHIBIT 99.10
<TEXT>
<html>
<head>
    <title>eh1300409_ex9910.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right">
<div>
<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.10</font></div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Dr. Warwick Board, Ph. D, P. Geo. and report, NI43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina&#160;&#160;dated December 23, 2011 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;27<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of February, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Dr. Warwick Board&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dr. Warwick Board, Ph. D, P. Geo.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Bruce Kennedy, P. Eng. and report, NI43-101 Technical Report on the Pirquitas Mine, Jujuy Province, Argentina&#160;&#160;dated December&#160;23, 2011 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;5<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Bruce Kennedy&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Bruce Kennedy, P. Eng.</font></div>
</div>
</div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right">
<hr style="COLOR: #000000" align="center" noshade size="2" width="100%">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.11
<SEQUENCE>12
<FILENAME>eh1300409_ex9911.htm
<DESCRIPTION>EXHIBIT 99.11
<TEXT>
<html>
<head>
    <title>eh1300409_ex9911.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.11</font></font></div>

<div style="LINE-HEIGHT: 1.25"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Kelly Boychuk, P. Eng, MBA and report, NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico dated effective December 14, 2012 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;5<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Kelly Boychuk&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Kelly Boychuk, P. Eng, MBA</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></font></div>
</div>
</div>
</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">&#160;</font></div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Dawn Garcia, P.G., CPG and report, NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico dated effective December 14, 2012 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;7<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ Dawn Garcia&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dawn Garcia, P.G., CPG</font></font></div>
</div>
</div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.12
<SEQUENCE>13
<FILENAME>eh1300409_ex9912.htm
<DESCRIPTION>EXHIBIT 99.12
<TEXT>
<html>
<head>
    <title>eh1300409_ex9912.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div>
<div>
<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.12</font></div>

<div>&#160;</div>
</div>
</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Jeremy Vincent, B.Sc. (Hons), P.Geo, the news release, Silver Standard Reports Fourth Quarter and Year-end 2012 Results, containing the Mineral Resources estimate of the Cortaderas Area with an effective date of December 31, 2012 (the "News Release"), and the report, NI 43-101 Technical Report on the Pitarrilla Project, Durango Sate, Mexico, dated effective December 14, 2012 (together with the News Release, the &#8220;Reports&#8221;), and the information contained in my Reports as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;7<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;&#160;/s/ Jeremy Vincent&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Jeremy Vincent, B.Sc. (Hons), P. Geo</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
</div>
</div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.13
<SEQUENCE>14
<FILENAME>eh1300409_ex9913.htm
<DESCRIPTION>EXHIBIT 99.13
<TEXT>
<html>
<head>
    <title>eh1300409_ex9913.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.13</font></div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Donald Earnest, P.G. and report, San Luis Project Feasibility Study dated June 4, 2010 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;15<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;&#160; /s/ Donald Earnest&#173;&#173;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Donald Earnest, P.G.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
<div>&#160;</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Christopher Edward Kaye, FAusIMM&#160;in reference to the San Luis Project Feasibility Study dated June 4, 2010 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in the Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;13<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Christopher Edward Kaye&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Christopher Edward Kaye, FAusIMM</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Michael J. Lechner, P. Geo and report, San Luis Project Feasibility Study dated June 4, 2010 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;7<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Michael J. Lechner&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Michael J. Lechner, P. Geo</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Steve L. Milne, P.E. and report, San Luis Project Feasibility Study dated June 4, 2010 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;15<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ Steve L. Milne&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Steve L. Milne, P.E.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Robert Michael Robb, P.E. and report, San Luis Project Feasibility Study dated June 4, 2010 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;28<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of February, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ Robert Michael Robb&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Robert Michael Robb, P.E.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Clinton Strachan, P.E. and report, San Luis Project Feasibility Study dated June 4, 2010 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;1<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">st</font></font> day of March, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Clinton Strachan&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Clinton Strachan, P.E.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160; </div>
</div>
</div>
</div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.14
<SEQUENCE>15
<FILENAME>eh1300409_ex9914.htm
<DESCRIPTION>EXHIBIT 99.14
<TEXT>
<html>
<head>
    <title>eh1300409_ex9914.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div>&#160;</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT&#160; 99.14</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Dr. Gilles Arseneau, P. Geo and reports, Technical Report on the Diablillos Property &#8211; Salta and Catamarca Provinces, Argentina dated effective July 27, 2009 and Technical Report &#8211; San Agustin Resource Estimate dated effective March 30, 2009 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Reports</font>&#8221;), and the information contained in my Reports, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;15<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ Dr. Giles Arseneau&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dr. Gilles Arseneau, P. Geo</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We hereby consent to the use of and reference to our name, Tetra Tech WEI Inc. and reports, Technical Report on the Diablillos Property &#8211; Salta and Catamarca Provinces, Argentina dated effective July 27, 2009 and Technical Report &#8211; San Agustin Resource Estimate dated effective March 30, 2009, (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Reports</font>&#8221;) and the information contained in our Reports, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;15<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Tetra Tech WEI Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Per:&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Tetra Tech WEI Inc.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>
</div>
</div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div>
<hr style="COLOR: #000000" align="center" noshade size="2" width="100%">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.15
<SEQUENCE>16
<FILENAME>eh1300409_ex9915.htm
<DESCRIPTION>EXHIBIT 99.15
<TEXT>
<html>
<head>
    <title>eh1300409_ex9915.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.15</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, James A. McCrea, P. Geo and report, Technical Report on the Berenguela Property, Peru dated October 26, 2005 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;7<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ James A. McCrea&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">James A. McCrea, P. Geo</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.16
<SEQUENCE>17
<FILENAME>eh1300409_ex9916.htm
<DESCRIPTION>EXHIBIT 99.16
<TEXT>
<html>
<head>
    <title>eh1300409_ex9916.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.16</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, Mark G. Stevens, P.G. and report, Resource statement on the Candelaria project dated May 24, 2001 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;), and the information contained in my Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;7<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/ Mark G. Stevens&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mark G. Stevens, P.G.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.17
<SEQUENCE>18
<FILENAME>eh1300409_ex9917.htm
<DESCRIPTION>EXHIBIT 99.17
<TEXT>
<html>
<head>
    <title>eh1300409_ex9917.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.17</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We hereby consent to the use of and reference to our name, Snowden Mining Industry Consultants and report, Resource estimate for the Maverick Springs Project dated April 13, 2004, (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;) and the information contained in our Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;15<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Snowden Mining Industry Consultants</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Per:&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ Snowden Mining Industry Consultants&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.18
<SEQUENCE>19
<FILENAME>eh1300409_ex9918.htm
<DESCRIPTION>EXHIBIT 99.18
<TEXT>
<html>
<head>
    <title>eh1300409_ex9918.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EXHIBIT 99.18</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We hereby consent to the use of and reference to our name, Roscoe Postle Associates Inc., and report, Technical Report for the Sunrise Property, NWT, dated September 3, 2003, (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Report</font>&#8221;) and the information contained in&#160;the Report, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;15<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Roscoe Postle Associates Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Per:&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160; /s/&#160;William E. Roscoe&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div>William E. Roscoe</div>

<div>Ph.D., P. Eng.</div>

<div>Chairman Emeritus and Principal Geologist</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.19
<SEQUENCE>20
<FILENAME>eh1300409_ex9919.htm
<DESCRIPTION>EXHIBIT 99.19
<TEXT>
<html>
<head>
    <title>eh1300409_ex9919.htm</title>
    <!--Licensed to: jt6064-->
    <!--Document Created using EDGARizer 2020 5.4.3.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>&#160;</div>

<div style="TEXT-ALIGN: right"><font style="FONT-WEIGHT: bold">EXHIBIT 99.19</font></div>

<div>&#160;</div>

<div>
<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONSENT OF EXPERT</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">I hereby consent to the use of and reference to my name, C. Stewart Wallis, P.G., P. Geo. and reports, Resource update on the Challacollo Project dated September 17, 2003, Technical Report on the San Marcial Project dated October 15, 2002 and Technical Report for the Sunrise Lake Deposit dated September 3, 2003 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Reports</font>&#8221;), and the information contained in my Reports, as described or incorporated by reference in: (i) Silver Standard Resources Inc.&#8217;s Annual Report on Form 40-F for the year ended December 31, 2012, and (ii) Silver Standard Resources Inc.&#8217;s Registration Statements on Form S-8 (File No. 333-185498), filed with the United States Securities and Exchange Commission.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated this&#160;1<font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">st</font></font> day of March, 2013.</font></div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font><br>
&#160;</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Very truly yours,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160; /s/ C. Stewart Wallis&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">C. Stewart Wallis, P.G., P. Geo.</font></div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="2" width="100%">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>company_logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 company_logo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#,SD`
M`)*2``(````#,SD``.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,3DZ-30Z-#@`,C`Q,SHP
M,SHQ,R`Q.3HU-#HT.````$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,3DZ
M-30Z-#@N,S@Y/"]X;7`Z0W)E871E1&%T93X\+W)D9CI$97-C<FEP=&EO;CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.F1C/2)H='1P.B\O<'5R
M;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^/&1C.F-R96%T;W(^/')D9CI397$@
M>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS
M>6YT87@M;G,C(CX\<F1F.FQI/DUI8VAE;&QE($-R97-P;SPO<F1F.FQI/CPO
M<F1F.E-E<3X-"@D)"3PO9&,Z8W)E871O<CX\+W)D9CI$97-C<FEP=&EO;CX\
M+W)D9CI21$8^/"]X.GAM<&UE=&$^#0H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(#P_>'!A8VME="!E;F0])W<G/S[_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`"K`9@#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Z1HHHH`**
M**`"BBB@`HHHH`****`"BLC6/$VFZ'$7O9AQ_"C*6_+-<A+\;_"T,A1HM1)'
M=8`1_P"A5<:<Y;(RE6IPTD['HU%<=I'Q/\/ZS*J6S3QENGG*J?UKKHIHYT#P
MR*ZGNI!%*47'=%1G&>L7<?1114EA1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110!'//%:V[SW$BQQ1C<SL<`"O"_''Q?O+VXEL/
M#;^1;*2IN!U?Z5T'QS\0RV>D6NC6SE#>-NEP>J#M^=>%C@5WX>BFN>1Y.,Q,
ME+V<"6XN9[R4RW<SS.>K.V34==!X1\&:CXPOS!8`)%'S),W1:],C^`EIY0\W
M5)"_J!Q73.M"#LV<-/#U:JYHH\2QSGO6YH7C'6_#MPLFGWLFP'F)FRI_"NL\
M5?!W4M"LI+W3I_ML$8RR@?,!7G%4I0J+34F4:E&6NC/IKP'\0;'QC9F/(@U"
M(?O8&/)]QZBNQKY$T'5I]#U^TU&V<H\4@S@]5/45]9:=>+J&FV]W']V:,./Q
MKSL125-W6S/9PF(=6-I;H\S\7_%VY\->)9],CTY9EB&=Y;&:Q#\>[S'_`""%
M_P"^ZY7XJ_\`)0KSZ"N-/0UUPH4W%-H\ZKBJT9M*1]9^$];?Q'X9L]4DB$37
M";B@.<5S7Q"^(TO@K4+6WBLA<B=-V2V,<UH_"_\`Y)SI/_7'^M><?'K_`)#N
MF_\`7$_S-<E.$76Y7L>C6J3CAU-/70G_`.%]W/\`T"%_[[KO_A[XTD\:Z7<W
M<MJ+8PR!-H.<Y%?,5>[?`7_D6M1_Z^%_D:WKTH1A=(Y,+B*M2JHR>AZ!XEU*
MYT?P[=ZA90?:);=-XBS]X=Z\D_X7W>?]`A?^^Z]MGA6XMY(9`"LBE2#Z$5\F
M^*=)?0_$][8.N`DA*>XK/#0A.ZDC?&U*E.TH/0]8\.?&F76/$-KI]UIZV\=P
MX3S-_0FO7:^-HIWMIXYXB0\3!U(]17UQX?U)-7\/6-]$<K-"K9]\<_K2Q-)0
MLXA@J\JEU-ZEJ]NH[*RFN9B`D2%B3[5XY-\>IEN)5BTD-&KD*V_J/6NU^*<F
MI-X1>ST>UEN)KEMK")<E17S[>>%];TVT-Q?:9<00+U=T(`JL/3A)7D3BZ]2$
MDH'I7_"^[G_H$+_WW2?\+[NNVC@DG`&^O(JWO!&C-KWC73;+:6C\T22<=%')
MKI="DE=HXHXJO)J*EN>P>*OBE>^&K737DTP-+>1;W0MC9QTKG/\`A?=Y_P!`
MA?\`ONH?CLH36--5>BQX'Y5Y544J-.4$VC6OB*L*CBI;'K?_``ON\_Z!"_\`
M?='_``ON\_Z!"_\`?=>1DX]?RHW>Q_*M/J]/L8?6ZW\QZY_PON\_Z!"_]]TJ
M_'F^=U1-'4LQ"@;^I->1;O8_E76?#/0_[>\=V<3H6AMLSR9''';]:F5&E%-M
M%PQ-><E%2W/?M6\17.D>!I-;N+4>?'")&ASW]*\S'Q\N2`?['7_ONO0OB8`O
MPXU4#H(<5\OK]T?2L,/3A.+;1U8NO4I32B^AZ_\`\+[N?^@0O_?='_"^[G_H
M$+_WW7DL-M/<L1;0O*1U"+G%3?V5J/\`SXW'_?LUT>PI=CD^M5^YZI_PONY_
MZ`Z_]]UJZ-\==-N;A8M7LY+-3QYB_,!]:\2FL[JV&;BVEB'JRD5#0\/3:V!8
MRNGJS[`TW5++5[-;K3;F.XA;H\9R*MU\S?#'Q5/X<\66\#2D6-XWE2H3P">C
M5],*0RA@<@C(KSZU+V<K'KX>NJT;]1:***Q.D****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`/!?CO%(OB?3Y&!V-`P!_$5Y=7TE\5/!S>*?#8DLUS?69\R
M+_:'=:^;Y8I()FBG1HY$.&5A@@UZN'DI4TNQX&,IN-5M[,].^$/C73/#RW&G
M:JX@$S;DE/3/O7N-KJEC?*&M+N*8'IL8&OCT@$<C-36]W=6C!K6ZFA8="DA&
M*53#*;YDRJ.-E2CRM71]B.BRQLC`,K#!![UX'JGP9\03ZQ=S6GD""29GC&[H
M"<USVE_$[Q9I6U4U-KF->B3@,*[?1?CP^]8]=TY0"<&6`XQ^!K&-*K2NXZG1
M.OA\193NCGC\$_$Y!^:#_OJO<_"^G7&E>&K*QO"#-#&%;!XI^B>(=,\0V8N-
M+N4F4CE0>5^HK3K"K5G/21V4*%.G[T.I\R_%7_DH5Y]!7&GH:[+XJ_\`)0KS
MZ"N-/0UZ=+X$>%6_B2]3Z?\`A?\`\DYTG_KC_6O./CU_R'=-_P"N)_F:]'^%
M_P#R3G2?^N/]:\X^/7_(=TW_`*XG^9KAI?Q_O/5K_P"Z+Y'E%>[?`7_D6M1_
MZ^%_D:\)KW;X"_\`(M:C_P!?"_R-=.)_ALX<%_&1ZK7AWQUT58=0LM7C7'F_
MNY"/TKW&N1^)VA#7/`M]&J;IH%\Z/CG*\UP49<LTSU\33]I2:/F*O>_@=K/V
MOPO+ILCY>T<A03_":\#'3GKWKNOA'K7]D^-XX7?;%=C8WU[5Z->/-39XN%GR
M54^Y])5Y-\=M9^SZ19:5&V&N',C@'JHX_G7K-?-/Q:U5M4^(-RF[,=HBQ(,]
M.Y_6N'#1YJE^QZN-GRTFNYQ5>N_`C1V>_OM6=?E1/*0XZYZUY%@MA5Y).!]:
M^HOAUHBZ'X+LX-NV21?,?CN:Z\3+EA;N>=@J?-5OV/,_CQ_R&]._W#_*O*:]
M6^/'_(;T[_</\J\IJZ'\-&>+_C2/?/@YI5A>>`XI+NSAF<R-\SH">M=]_P`(
M]H__`$#;7_OT*\%\&?%.3PAH":8FGBX"L6WEL=:Z#_A?DW_0'7_ONN2I1JN;
M:/0HXBA&FE+?T/6O^$>T?_H&VO\`WZ%3VNEV-C(7L[2&!B,%HT`)KQ[_`(7Y
M-_T!U_[[KN?A[XY?QM:W<KV@MOL[*N`<YSG_``K*=*I%7D=%.O1G+ECN3?$[
M_DG.K?\`7$U\OK]T?2OJ#XG?\DYU;_KB:^7U^Z/I77A/@9Y^8?Q%Z'JWP'56
MUS40RAOW0ZC->Y^3%_SS3_OD5X3\#+B&WUO43/*D8,0QN.,U[?\`VG8_\_</
M_?8KFQ-_:,[<$U[%"W>G6=];/!=6T4L;C#*R`U\M^.-&BT#QE?6%L-L*L'C7
MT![5].7GB#2K"U>>YOH51!D_.*^8?&>M)X@\77NHQ?ZIVVQY[J*UPG-=]C#,
M'#E7<Q(V*31LO!5U(_.OKS19&ET2S=_O-$N?RKY2T#39-8\16%A""6FF4''8
M9Y-?6UK"+>TBA48"(%_(4\6UHB<N3]YDM%%%<!ZP4444`%%%%`!1110`4444
M`%%%%`!1110`444'@'%`!7'^*_AIH7BH-+-&;6[[3P8!_$=#7G>M?&;Q!IVN
MWEE'9VI2"4HI8G)`JBWQS\1A2?L5IQ[FNN-"K'6)Y]3%T)7C+7Y$>M?!7Q!I
M[,VFRQ7\0Y'\+5Q=_P"'M8TQBM]IL\6.^S(_.OJ+PIK#Z]X9L]1E"B2:,,X7
MH#6G-;07*[;B%)!Z.H-4L5.+M)$/`TYKF@['QR<J<,"I]",45]2ZY\/O#VNV
M[)<6$<3D<20C:17SUXV\*2^#O$3:=)+YT3KYD,F,$K[^]=-*O&IIU.&OA9T5
M=ZHHZ!X@O_#.JQW^F3,C(?GCS\KCN"*^I/#6N1>(M`MM2A``E7YE'\)[BODF
MO>O@5<R2^%;J%R2L4PVY[9K/%03CS&^`J-3Y.C/-OBK_`,E"O/H*XT]#79?%
M7_DH5Y]!7&GH:Z*7P(XZW\27J?3_`,+_`/DG.D_]<?ZUYQ\>O^0[IO\`UQ/\
MS7H_PO\`^2<Z3_UQ_K7G'QZ_Y#NF_P#7$_S-<-+^/]YZM?\`W1?(\HKW;X"_
M\BUJ/_7PO\C7A->[?`7_`)%K4?\`KX7^1KIQ/\-G#@OXR/5:;(BRQLCC*L""
M#W%.HKRCWSY/\8Z*=`\6WUC@A%D+1^ZFLJRN6LM0M[F,E6BD#9'L:]<^.NA;
M7M-:B7_IG*0/RKQPC(Q7LTI<\$SYNO#V55H^MFUB-?"0U7S`5-J)=WOM_P`:
M^4M1O'U#5+J\D.6GE9\_4UZ#_P`)D3\$8]-,G^E"4VYYYV]?ZUYJ!@5EAZ?)
M<WQ=;VG*EV.A\":,=>\;:?9D9C5_-DX_A%?5*((XU11@*,"O&O@-HRDZAK$@
M^;B&/CMU/\J]GKEQ4[SMV.[`T^6ES=SPKX\?\AO3O]P_RKRFO5OCQ_R&]._W
M#_*O*:[:'\-'F8O^-(<L,KC,<,CCU5<BE^SW'_/O-_WP:]\^#6GV=SX"B>XM
M8I7\QOF=`3UKO_['TW_GPM_^_8K*>*Y9.-CHIX%S@I<VY\B?9[C_`)]YO^^#
M7MGP%CDCTW5?,C=,R)]X8]:]/_L?3?\`GPM_^_8J>WM+>T!%M!'$&ZA%`S6%
M7$<\>6QU4,&Z4U.YS/Q._P"2<ZM_UQ-?+Z_='TKZ@^)W_).=6_ZXFOE]?NCZ
M5OA/@9RYA_$7H/262(YBE>,GNC$4_P"UW7_/W/\`]_376_#/PQI_BKQ!-9ZH
M',21[AL..:]6_P"%*>%_[L__`'W6LZT(.S,*6%J58\T3YZ>::48EGED'HSDB
MH^W%>[:W\#M*>PD?1KF6"X125#_,K'T->'W5M+97DUK<KMEA<HX]Q54ZL:GP
MF=6A.E\9[9\&-'\."V?4+2<W.JA<2"0`&(?[(_K7K5?+'P^U>71O'6G31R%(
MY9/*E`/#*:^IE(901T(S7GXF+C.[>YZ^"FI4[)6L+1117,=P4444`%%%%`!1
M110`4444`%%%%`!1110`4444`?-'Q6T.31O'$\A0B"\'F1MV)[UQ=?5/C3PA
M:>,-$:TN`$G3YH)<<HW^%?-7B#PYJ?AG4'M=5MGCP<++M^5QZ@UZM"JIQMU/
M!Q=!TYN2V9VGPW^)\?A:#^S-91WLB<I*G)C^H]*]BL_'OA>^B#V^LVQ!&<,2
M"/SKY4!!Z'-&!14P\)N^P4L94IQY=T?46I_$GPMI=NTDNJQ2LO2.++,:\`\<
M>*W\8>)'U#RS%`B^7"AZA?>N<P!1D`XSSZ55.A&F[HBOBIUE9Z("<#)KZ-^#
MFD/IO@A)I1A[IR^/;M7E_P`/OAK?^);Z.]U&![;3(R&W2#!E]@/2OHJUMHK.
MUCM[=`D4:A54=A7/BJB:Y$=>!HR3]I(^:OBK_P`E"O/H*XT]#78_%4C_`(6'
M><CH*XXL,'D?G772^!'GUOXDO4^G_A?_`,DYTG_KC_6O./CU_P`AW3?^N)_F
M:]&^%W_).=)_ZX_UKSGX]D#7=-R?^6)_F:X:7\=_,]6O_NB^1Y17IGPP^(.C
M^#]'N[751.9)I0Z^6F1C%>99'J/SHR/4?G7?."FK,\FG4E2ES1W/H3_A>/A;
M^[>?]^A_C2K\</"S.J[;L;B!DQCC]:^>LCU'YTA(((R/SK#ZK3.KZ_6\CZE\
M=Z8OB+P'>1P`.6A\V,^N!D5\MC(&#U'!^M?3/PMUH:YX$M?,8/)`ODR9.>E>
M#^.]%_X1_P`:7]F!MB:0R1]LJ>:C#/E<J;-,:N>,:JZF!N;;MR=N<X[4@!8A
M5Y9C@?6DR/4?G71>`M'_`+>\:V-IC=&C>9)[`5UM\JNSSHQ<I**/H/X>:(-"
M\%65N5`DD7S7^IKIZ1$$<:HHP%&`*6O$D^9W9]1"*C%170\*^/'_`"&]._W#
M_*O*:]6^/)`UO3LG^`_RKRC(]1^=>M0_AH^?Q?\`&D>L?#KXFZ)X4\*IIVI)
M<M,KDDQH".?QKJO^%Y^&/^>5[_W['^-?/N1ZC\Z,CU'YTI8>$G=E0QE6$5%=
M#Z"_X7GX8_YY7O\`W['^-;?A7XE:)XNU1[#31.DR(9,2J!D#TYKYBR/4?G6S
MX0UL^'_%MAJ"OM59`DG/53P:SEA8<KMN:PQU3F7-L?0_Q._Y)SJW_7$U\OK]
MT?2OIWXCS)/\,=2FC8%'@W`@\5\PJ1M'(Z>M&$^!AF'\1>AZ9\#O^1ON?^N-
M?0-?/WP.(/B^YP1_J:^@:Y\5_$.W`_P0KYB^*-F++XB7ZJN!(%D_.OIVOGCX
MW6YA\>1S$86:W7!]<4\*_?L3CU>E?S.#T]S'JMG(#@K.AS^-?7UHVZSA/K&O
M\J^.5D$<B."/E8'KZ&OKCPY>IJ'ARQN8V#*\*G(/M6F+6S,,N>LD:=%%%<!Z
MX4444`%%%%`!1110`444R66."%I9G"(@RS$\`4`/HKROQ1\:[#3Y9+;0H?MD
MR\&0_=!_K7!77QB\67$A:.XBA!Z!$Z5T1PU22N<<\92@[7N?2-%?,R?%CQ<A
MS_:&[ZBM?3/C=X@M9!_:$4-U'GD!<'\ZIX6HB%CZ3WN?05%<?X3^)6B^*5\M
M)1;70'S0R''Y>M=3]NM?^?B/_OH5SRC*+LT=D9QFKQ9/534-+LM5M6M]1MH[
MB)NJNN:D^W6O_/Q'_P!]"C[=:_\`/Q'_`-]"EJBG9Z,X75/@SX9OB6MXWM6/
M_/,\?E6#)\!+4M^ZU611Z%:]8^W6O_/Q'_WT*/MUK_S\1_\`?0K55JBZG/+#
M4);H\LMO@-IR.#<ZC+(O<`8KJM(^%WAC2&1X[%9Y%Y#S?-S74_;K7_GXC_[Z
M%2K(CQ[U8%?[P/%*56H]V..'HQV0J(L:!$4*JC``[4M0?;K7_GXC_P"^A2K>
M6SL%6>,D]`&K.QO='-ZO\.?#VMZD]]J%IYD[_>;-4O\`A4?A/_GQ_6NWHJU4
MFM$S-T:;=W%%/2=*M=%TR&PL$V00KM1?05E>(O!.C>*;B*;5X#*\2[5(.,"M
MZ2:.$`RNJ`_WCBH_MUK_`,_$?_?0J5*2=T4XQ:Y6M#C?^%0>$_\`GR;_`+ZH
M_P"%0>$_^?)O^^J[:*:*8$Q2*X'7:<T^J]K/N1["E_*CAO\`A4'A/_GR;_OJ
MC_A4'A/_`)\F_P"^J[FHY9XH<>;(J9Z;CBCVM3N'L*7\J,GP[X4TSPO#)%I,
M31I(<L"<\U6\0^!-#\37B76JVWF3(NT,#CBMS[=:_P#/Q'_WT*/MUK_S\1_]
M]"ES2O?J5R0<>6VAQO\`PJ#PG_SY-_WU6MX>\":'X8O9+K2K;RYI%V%B<\5N
MK>6S'"SQD^S5,"#T.:;J3:LV*-*FG=)!11169J8'B'P5HWB>>.;5K?S7B&%.
M>E8__"H_"?\`SX_K7;T5:J32LF9.E3D[M'$?\*C\)_\`/C^M'_"H_"?_`#X_
MK78O=V\;E9)D5AU!:D^W6O\`S\1_]]"J]I4[L7L:7\J./_X5'X3_`.?']:/^
M%1^$_P#GQ_6NV1U=0R,&4]"*6E[6?</84OY49ESX?L;OP^=&G0M9E/+*Y[5S
M/_"H/"8_Y<F_[ZKN&8(I9B`!R2:A^W6O_/Q'_P!]"DIS6S'*G3E\2,+P_P"`
M]#\,WK76E6YCE==I).>*Z2H/MUK_`,_$?_?0H^W6O_/Q'_WT*3<I.[*BHQ5H
MZ$]8'B/P7HWBJ2"35[?S7@!"$'&`:V/MUK_S\1_]]"I4D21<QN&'J#23<7=#
MDHR5GJ<1_P`*@\)_\^3?]]5U&B:):>'].6RT\,L"GY58YQ6C37=(T+2,%4=2
M35.<I:-DQI0@[Q5AU%0?;K7_`)^(_P#OH4?;K7_GXC_[Z%38NZ)Z*@^W6O\`
MS\1_]]"I5='&48,/8T@N.HHHH&%%%%`!7A/Q?\>7-WJ+^'M,F,=K%S<,AP9#
M_=SZ5[C=.8[25UZJA(_*OD769GN->OY93EVG;)_&NS"P4I-OH>=CZCC!174I
M``#BK^G:+J>KL1IME+<8ZE%R!5'`)`8X!(!/MGFOJ_P?8V%EX7LETQ(Q&8E)
M90,L<=S776J^S5['GX;#^VDTW:Q\UW'@OQ':QEYM)G"CJ0I-8K*T;E)%*,IP
M588(K[*(!&",BO//'?PJM?%5U'=Z=)'87(XD8)PX^@K"&*3=I(Z:N`:5X.Y\
M[@E6W(S*P[J<'\ZD^T7'_/S/_P!_6_QKU?\`X4'>_P#0:B_[]FC_`(4'>_\`
M0:B_[]FM_;TNYS?5*_\`*>4?:+C_`)^9_P#OZW^-'VBX_P"?F?\`[^M_C7;^
M,_A=<>#M#&I3:BERID$>Q4(Z]ZX2M(RC-7B83A.F^66Y)]HN/^?F?_OZW^-'
MVBX_Y^9_^_K?XUTG@CP1-XUNKB"&[6U,"Y)9<YKL_P#A0=[_`-!J+_OV:F56
M$79LTA0JS7-%:'F.FPWFIZI;V4-Q<%IY`O$K?XU[YXYU)?!/PTBL;5RL[QB!
M"6R<X^8YK.\'?!]_#GB.+4[S4$NEB'RQA,<UQ/QE\1'5_%_]GPMFWL%V\'@N
M>2:YW)5JB4=D=<8RP]&4I:-Z'`?:+CJ;F<D_]-6_QJ:UU*[L;V&[AN9M\#AQ
MF5CT/UJM1798\V[/K?PWJ\>N>'K2_C(/FQ@MCL>]:E>1_`O7A-IUSHTS_/"?
M,C![CO7KE>-5AR3:/I:%3VE-2/*OCM(\?AZR,<CH?-/*,1_*O#?M%Q_S\S_]
M_6_QKW#X\_\`(O67_74UX77HX;^&CQL;_&9V7PY\:W/A;Q"JW$SR6-T0LRNQ
M.T]B,U]+0S)<0)-"P9'4,I'<&OC8C(KW?X-^-_[2L3H&HN/M-LN8&)^^GI^%
M98FE=<Z-\#7L_9R^1ZK7C/QZDD1M*\N1TR6^XY';VKV:O%_CY][2?JW\JY\/
M_$1VXS^"SR#[1<?\_,__`'];_&C[1<?\_,__`'];_&HZ]$\)?"6;Q5X>@U5-
M3%N)L_(4SBO3E*,%>1X=.G.H[1.`6ZN5.5NK@'U$K?XUM:3XY\2Z(X-EJTY0
M=8Y&W*?SKM+_`.!&K01%['4X;AA_`R$$UYUJ^C7^@Z@UEJENT,R],]&'J#4J
M=.IHM2Y4ZU'5W1[9X$^+T6MW*Z=X@6.VNVXCE7A7]O8UZB"",CD&OC0$@AE)
M5@<@CJ#7T'\(O&LWB'2GTW47W7=F!ACU=:X\1045S1/1PF*<WR3W/2*AO+E+
M.SFN92`D2%SGT%35YU\8_$C:1X5-C;MB>]^3KR%[URPBYR44=]6:IP<GT/"]
M;UJ[UC7KV_EN9LS3,0%D(`&>._I5#[1.?^7F?_OZW^-1@8``[4M>TDEH?,MM
MN[/?_@EKTFI>%Y["YE+RV4N%W')*MS7IE?,OPN\0MX?\:P[FQ;W@\J4'I[&O
MIH$,`1T/->5B(<L[]SWL'4YZ275&%XW)7P+K!4E2+1\$'!'%?*@N+C'_`!\S
M_P#?UO\`&OJKQQ_R(FL_]>C_`,J^41TKIPGPLXLP^./H2_:+C_GYG_[^M_C1
M]HN/^?F?_OZW^-=/\/?"5KXQUR6QO9Y8$1-P:+&?UKTG_A0FC_\`04O?_'?\
M*WG6A!V9S4\-5J1YH['A_P!HN/\`GYG_`._K?XUH:5XFUO1;E9]-U.XB8=BY
M8'Z@UZO?_`2T^RL=-U6X$P&5$H!4_E7CVIZ=<:3J<]A>+MF@;:WO[TX5(5-$
M34I5:-G+0]Y^&_Q.'BB7^S-7"1:@J[D9>!(!U_&M;XK,R?#G42C,IP.5.#UK
MYUT+49=(\0V%_`</!,I^HS@BOH3XG3?:/A9>3#^.-&KCJ4U"K%K9GHT:\JE"
M2END?-ZW%QM'^DS]/^>K?XTOVBX_Y^9_^_K?XU$OW1]*ZWP+X$D\;27*1W@M
M?(]5SFN^4E%79Y,(RF^6.YR_VBX_Y^9_^_K?XU>T_P`1ZUI<HDT_5;J%AZ2$
MC]:])E^`=XJ$PZS&S=@T9KAO$_@;6O";!M1A#P,<+/']T_X5G&I3GHF;2HUJ
M:YFK'<^#_C3>+>Q6?B<))"YVBY48*GU->V6]Q%=6Z3V[B2-QE64\$5\;]17L
M'P7\:3"]/AS4)=\;J7MF8\@CJM<]>@K<T3LPF+DY<DV>V4445YYZXCJ'1D;H
MPP:^6/'V@3^'O&%W!*I\J9S+$^.&!KZHKG?&/@S3_&.F?9[T>7,G,,ZCE#_A
M6]"K[.6NQR8JA[:&FZ/E:NAT'QUXA\.`)IU\3"/^64HW+_\`6K1\1?"SQ)X?
M=W2V^WVPZ2P<G'N*X^6.2!RD\;Q,.H=2/YUZB<*B[GAM5*4NJ9ZQI_Q[OH]J
MZEI$,@'WFA<@G\Z[#2OC-X9U`A;EIK)SVE7(_,5\Z9STHP#6,L-3?0Z(8VM'
M=W/L#3]7L-5A$NGW<4ZG^XV3^57*^1-&UW4M`O$N=+NGB93G;GY6^HKZ$^'?
MQ$M_&5H]O<(+?48`/,CSPX_O"N.KAW#5:H]'#XN-5\KT9G?''_D0T_Z^5_D:
M^?*^@_CC_P`B&G_7RO\`(U\^5UX7^&<&._C?(]9^`W_(8U+_`'!7N5>&_`;_
M`)#&I?[@KW*N/$_Q&>C@OX*,GQ/K":#X<N]0D_Y9(=ON>U?)]U=27UY-=SG,
MD[EV/U->T_'+Q&(+&WT.!OGF_>2X[+VKQ#H*Z\+"T>;N>?CJG-4Y5T.J^'OA
M7_A+?$C6LN1;PQ%Y"/7H/UK"UC3WTK6KNQDZP2%1[CM7NOP6\.G2_"\FI3J!
M-?/D<<A1P*X/XSZ`=+\6)J$:_N;Y?R84XU;U7$F>'Y<.I]3F_`NOMX;\96-[
MG$+.(YAG^$\&OJA'62-70Y5AD&OC4]..#VKZ9^%WB,>(/!T'F-FXMAY4@)Y.
M.]9XN&TT;Y?4U=-G-_'G_D7K+_KJ:\+KW3X\_P#(O67_`%U->%UKAOX:.?&_
MQF*4<(KE2$;HV.#5G2]3N=&U6#4+%RLT#;A[CN*]'\)>#T\6_">X2,!;RVN&
M>%\=>/NUYC/!+;7$D%PA26)BKJ>Q%:QDI-Q[&$J<J:C+N?5?A#Q-;^*O#\.H
M085R-LB9^ZW>O-/CY][2?JW\JY7X7>-3X6U];6\8G3[Q@C_],V[-74_'EUD7
M2'0AE8L01WXKCC3]G778]&=95<*WUZGCM?27P?\`^2<6'T/\S7S;7TE\'_\`
MDG%A]#_,UKBO@,,!_%?H=S7&?$OPG;^)/#,TFP"\M5,D4@'/'4?2NSJ&\026
M,Z'HT;#]*\Z,G&2:/9J04XN+/CH@@E6&"#@UV?PHU5M,^(=D@/R7>8&'UZ5R
MVJQ"'6KV,=%G8#\ZN^$7,?C71V7J+M*]F:YH,^;IOEJ)^9]:5\R_%#Q&?$'C
M*<1MFWM#Y4>.^.]>\^-=<&@>#+Z^W8D$16/G^(C`KY5+M(Q=SEG)8GW-<6$A
MJY'I9A4T5-$EM;R7=W%;PC+RN$4?6NF\?>$#X1U.TA4LT5Q;*^3V?'S#\ZU/
MA!X=_MGQ<+R5<V]D-QSW;TKTGXR^'_[6\)B]A7,UDV[W*^E;SJ\M51.:GA^:
MA*?7H?/*2-%(LL9PZ,&4CU%?4W@'7U\1>$+2[)S*J^7(,_Q"OE<'(S7K/P*U
MTP:M>:+*_P`DR>;$">XZ_P`Z6)AS0OV#!5.2KR]&>J^./^1$UG_KT?\`E7RB
M.E?5WCC_`)$36?\`KT?^5?*(Z5&$^%FN8?''T/2_@=_R-]S_`-<:^@:^4/"G
MBN[\(ZD][81)*[KM(<X%=?\`\+S\0?\`/C;?]]&E7H3G.Z*PN*ITJ?+(^@*^
M8OBC/#<?$2_:W(*J%5B/[PZUIZA\:/$M[:M##'!;;A@NO)K@)II)YGFG<O)(
MVYF/4FJH494W>1&+Q,*L5&))9P/<ZA;01@EY)54`?6OHKXD1&#X37,1ZI$@K
M@?A5\.KR]U6V\0:FJQ6<!WPH3DR-V/TKT;XL?\DWU'Z+_.IK34JL8KH7AZ4H
MT)R?5'S,OW1]*]@^`G_'UJ?X5X^OW1]*]@^`G_'UJ?X5OB/X;.3"?QHGME4=
M8TFVUO2I[&]C#QRJ1R.A]:O45Y*=M3Z%I-69\B:_I3:'X@O--<Y\B0A2>X[4
MW0M0DTGQ!8W\)PT$P;ZCN*ZGXO0+!\1+C9_'$K'Z\UPY.`2.HKVH/F@F^I\S
M47LZC2Z,^O\`1;XZEH=G>L,&XA60_B,T5G^""6\!Z*3U-E%_Z"**\:2LVCZ6
M#O%,L^(O$-CX7T=]3U1G6W1U0E%R<L<"N1_X77X2_P">UQ_WZK6^)NDR:SX#
MO;:%=S*5EQ_NG-?+^",@C!!P1750HPJ1NSS\5B:E&:4=CZ9T7XI>'/$&L0Z9
M823-<3DA`\>!TS6[J/A?1M65A?:?!(6ZL5&:^6_#^KOH'B*RU2(;C;2ABOJ.
MAKZET#Q'IOB+38[O3KE)`P!9-WS*?0BIK4O9-..Q>&K^W34[7.+U;X)Z!>Y:
MQ>6S<^G(KS;Q?\*M7\+VK7L3"^LU^\Z#YD]R*^DJY7Q_XBTW1?"UVM],ADGC
M*1Q9RS$^U%.O4YDMQU\+1Y7*UCY=ZCBM[P3JDND>,].N86(W2"-L=P:P1^63
MG%:WA:TDO?%NFP1*2QG#<>@YKTI6Y7<\2%^96/;?C>=W@"-O6Y0_H:^?:^@?
MC<-OP_B7TN$'Z&OGZN?"_P`,[,=_&^1ZS\!O^0QJ7^X*]OEE2&%Y96"H@RQ/
M85XA\!O^0QJ7^X*[GXL>(O["\'31Q-B>[_=)CT/6N6M%RK61W8::AAN9]+GA
M/C376\1^+K[4,GRC(4B'HHXK$0J)49QN4,"P]130,#%7;#2-2U0.=-L9[H)P
MQB3.WZUZ22BK'BMN<K]6>MZ%\:K"!;'3%TJ2&$;8=^>!VS73_%C1%U_P%)<V
MP#RVF+B,CN.X_6O"/^$3\1CE=$O<CD?NC7T=X.-QJ7@2W@U2WDAE,1ADCE7!
MZ8KAJQC3:G`]7#SG6C*G4['RR*]*^"NO+IWBF33IGVQWBX7/3<*XOQ/I#Z%X
MFO-/D!`CD)3W7M5&POI=,U&WOK<D26\@=<>QKLDE4A;N>;3DZ51/L>V_'G_D
M7K+_`*ZFO"Z]F^+^IQ:QX#T?4+=MT=P0X/X"O&:SPRM3L;8QIUFUY'O_`,#/
M^1)F_P"O@_RKE?C)X):PO?\`A(=/0FWG.VX51]QNS?2NJ^!?_(DS?]?)_E7H
M6IZ=!JVF3V-V@>*9"K`UQRJ.G6;/1C157#1B^Q\>]16]K/BBXUS0=.L+P%I+
M$D"0_P`2XI/%_AJ?PIXBFT^<9C)W0O\`WEK#KTE:5I'C/F@W%A7TE\'_`/DG
M%A]#_,U\VU]%?"74+.W^'EBD]U#&X!RK.`1R:YL5\!V8!VJOT/0:IZO=QV.C
M7=S,P5(XF))^E0W/B+1[.(R76I6T:#N9!7C?Q-^*$&M6S:-H#LUL3^^GZ!_8
M>U<-.E*<K'J5J\*<6V]3S"]G^U:A<W`Z2RLP_.MSX?V;7WQ!T>)1G;<"0_05
MSG2O3O@YIWV:\O\`Q+=KMM;&!@';IG';\J]2H^6#/"HQYZJ-#XY>(A+<VVA6
M[Y$?[R;!_(5Y%6AK^K2:YK]WJ,I),TA(SV%4H()KJ=8;:)I97.%1!DFG3AR0
M2"M4=6HY'>^!/B39^"M&>U_LU[B>1R[R+WKVO1=6MO&_@T7<:;8[N-D9#SM/
M(P:^:?\`A%O$'_0%O?\`OT:]=^"CZKIUO>Z3JEA<V\>[S8FE0@>XKEQ%.-N>
M.YVX2K/F5.2T/'->TN31?$%[I\HP892![KV-/\.ZN^@^([+4HR1Y,HW>ZGK7
M>_'+1OLGB:TU.-,1W<6UR!_$O2O+R,@BNJ#]I!-]3BJQ=*JTNA]3^*KN._\`
MAMJ=U`P:.6Q9@1]*^6!TKV;PAXB_M7X.ZWITK9GLK5Q@_P!W'%>,CI6.'CR<
MT?,Z,9-5.22[&QX:\-WOBK5/L&FM&LVW=F1L#%=?_P`*0\4_\]+/_O[_`/6J
M+X+?\CT?^N1KZ*K.O7G"=D:X7#4ZM/FD?-6K_"7Q3I%FURUO%<QH,L('W$#Z
M5Q)')!&"."#VK[*90ZE6&01@BOEGX@Z8ND^.]1MXEVHS"10.V:NA6=1M2,\7
MAHTDI1.E^$?C6[TWQ%#HMW(TME>'8@8_ZM^V*]/^+'_)-]1^@_G7SMH%PUKX
METV=#@I<H?UKZ&^*3;_AA?-ZHIK.M%*K%KJ:X:;EAYQ?0^:5^Z/I7L'P$_X^
MM3_"O'U^Z/I7KGP*N(;>YU(SS)'G&-[`9KHQ'\-G)A/XT3W"CI51M5T]5+->
MP`#J?,%<-XZ^*>DZ/ITMKI-REY?R*5`B.1'[DUY<82D[)'O3JP@KR9Y+\4-0
M34?B#>O$P98@(LCU%<K#$9[B*%1EI&"@?6DEE>>>2:9MTDC%F)[DUUGPQT"3
M7O'-H-A-O:'SY6QP,=!7KZ4X>A\[K5J>K/H7PC`UMX.TF%QAH[2-2/HHHK6C
M18HU1!A5&`**\9N[N?2Q5DD*Z+)&R.`588(/<5\Z?$SX?W7AW5)=3LHC)IMP
M^XE1GRF/K[5]&5'/!%<P/#<1K+&XPR,,@BM*55TW=&%>A&M&SW/C?K4UM=W-
ME+YEG<20/ZQL17NGB/X):7?R/<:),UC(W/ECE,_2O/;WX1^*[:5EM[%KI1T9
M649_6O2C7IR6YXL\+6IO;[C#/C/Q(8]AUJ[V_P#70UD7%S<7<QENYY)I#_$[
M9-=./AAXS)_Y`4P_[:)_C6GI?P=\2WLX6]A-DG=F*G^1JN>G'6Z)]E6GHTS@
M>X`&2>`!WKVOX/>`;BQF/B'5XC&[+MMHV'('=JZ'PI\(]%\/3)=W0-_=KR'E
MY53["N_````&`.PKCK8A27+$]'#8-P?/4/-_CC_R(:?]?*_R-?/E?4GCWPF_
MC'P^NG1W'V<B42;\9Z9_QKSC_A0ES_T%Q_WQ58>K"$+29GB\/4J5.:*T(_@-
M_P`AC4O]P5E_&;Q"-4\5#3H7S#8C:?\`>[UZ/X"^',_@NXO)C?"X:=-J_+C:
M:Y:Z^!E[>7DUS/K(:29R[$IW)H52G[5S;'*E6^KJFEZGC9Z5])_"30/[$\#P
MO*F)[QC,^1Z\#]*Y"T^`\D5Y#)/J@>-'#,NS[P]*]D@A2WMXX8QA(U"J/8#%
M+$5HRBHQ96#PTJ<G*:),#THHHKA/4/"_CIHS0:M9ZLB_NYAY;D>O:O**^J_&
MOA:/Q=X;ETUY!$Y(:.3&=K"O,?\`A0ES_P!!<?\`?%>C1KQ4+29XV)PM251R
M@M&<#-KWVGP'!HTS$O;3%H\_W3VK`KUW_A0ES_T%U_[XH_X4)<_]!=?^^*U5
M>DNIA+"UY;HZ+X%_\B3-_P!?)_E7IE<MX!\(OX-T)]/DN1<%I2^X#%=37FU6
MI3;1[5"+C2C%[G#?%'P6/%/AYIK5!_:%I\\1[L.ZU\W.C1R,DBE74X8'L:^R
MJ\L\6_!J+7=>DU'3KL68FYDCV\%O6NC#UU%<LMCCQ>%=1\\-SP>C)[,P^A->
MN_\`"A+G_H+K_P!\4?\`"A+G_H+K_P!\5U_6*?<X/JE;^4\A//4L?J31T%>P
MI\`YBW[S6!CV2M_1O@CH-BZRZD\M\ZG.UV^7\J3Q--=2HX*LWM8\A\(^"]2\
M87XBLHRMLI'FSD?*H]/K7J'Q*-MX+^&L'A_3,(UTP1B.K#^(UZE96%IIMJMM
M86\=O"HP$C7`K@?'GPTO?&>M1W9U,00Q)M2+;G'J:Y?;JI43EHD=OU5TJ34-
M9,^>>@KU#X):!]N\03:M,F8K4;4)'\57O^%"7/\`T%Q_WQ7IG@GPI'X0\/)I
MZR"63.Z23&-QK6M7BX-19AAL+4512FM$=%@>@HP!T%%%><>R<5\5=!_MSP3/
MY:[IK4^<GKQUKYH'OUK[)FB6>"2)QE74J1[&O&[SX$237T\L&J".*1RRIL^Z
M#VKMP]:,4XR9YF,P\JDE*"/,_#NMOH[WZ;L17EI)`X]<CBL8<5Z]_P`*$N?^
M@NO_`'Q1_P`*$N?^@NO_`'Q73[>E>]SB>%KM)6,/X+?\CT?^N1KZ*KS7P-\*
MYO"6O_VC)J`G&S;L"XKTJN'$34YWB>KA*<J=/ED@KYT^-4'E?$'?C`EMU/Y5
M]%UP/Q"^&W_":7MI=0W0M98%9&.,[@:6'FH3NPQ=.52E:.Y\[6LGDWMO*>B2
MJWZU]%_$:9;CX27,J'*M"A%<:?@'<D?\A<?]\5W5QX,O[SX<OX;NK\/+@*L^
MWL*Z*M2$I1:>S.3#T:L(SBUNCYG7[H^E+DCHQ'T.*];'P$O``/[77_OBC_A0
MMY_T%U_[XKH]O3[G']4K?RGDF6/5W_[Z-(`!TKUS_A0MY_T%U_[XK2TWX#6:
M2AM4U*691U2/Y<TGB*:ZC6#K/H>/:3I-YKFI1V&FPM+/(<8`X4>IKZ4\`>#(
M?!^AB$X>[FPTTGJ?2M30/"^D>&K7R=(LHX,_><#YF^IK7KBK5W4T6QZ>&PBI
M>]+5A1117,=P4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
9110`4444`%%%%`!1110`4444`%%%%`'_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>aif_pg7.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg7.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#.38`
M`)*2``(````#.38``.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,C`Z,C(Z-3D`,C`Q,SHP
M,SHQ,R`R,#HR,CHU.0```$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,C`Z
M,C(Z-3DN.38P/"]X;7`Z0W)E871E1&%T93X\+W)D9CI$97-C<FEP=&EO;CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.F1C/2)H='1P.B\O<'5R
M;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^/&1C.F-R96%T;W(^/')D9CI397$@
M>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS
M>6YT87@M;G,C(CX\<F1F.FQI/DUI8VAE;&QE($-R97-P;SPO<F1F.FQI/CPO
M<F1F.E-E<3X-"@D)"3PO9&,Z8W)E871O<CX\+W)D9CI$97-C<FEP=&EO;CX\
M+W)D9CI21$8^/"]X.GAM<&UE=&$^#0H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(#P_>'!A8VME="!E;F0])W<G/S[_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`+Y`I4#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Z1HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"N7O[_P`0
MWGC*[T?0[W3+&&SL+:Z=[RPDN6D::2=<#;-&%`$`]<[NV*ZBN;L?^2IZ[_V!
M=-_]'WU`!]A\<?\`0P^'_P#P0S__`"91]A\<?]##X?\`_!#/_P#)E=)10!S?
MV'QQ_P!##X?_`/!#/_\`)E'V'QQ_T,/A_P#\$,__`,F5TE%`'-_8?''_`$,/
MA_\`\$,__P`F4?8?''_0P^'_`/P0S_\`R97244`<W]A\<?\`0P^'_P#P0S__
M`"91]A\<?]##X?\`_!#/_P#)E=)10!S?V'QQ_P!##X?_`/!#/_\`)E'V'QQ_
MT,/A_P#\$,__`,F5TE%`'-_8?''_`$,/A_\`\$,__P`F4?8?''_0P^'_`/P0
MS_\`R97244`<W]A\<?\`0P^'_P#P0S__`"91]A\<?]##X?\`_!#/_P#)E=)1
M0!S?V'QQ_P!##X?_`/!#/_\`)E'V'QQ_T,/A_P#\$,__`,F5TE%`'-_8?''_
M`$,/A_\`\$,__P`F4?8?''_0P^'_`/P0S_\`R97244`<W]A\<?\`0P^'_P#P
M0S__`"91]A\<?]##X?\`_!#/_P#)E=)10!S?V'QQ_P!##X?_`/!#/_\`)E'V
M'QQ_T,/A_P#\$,__`,F5TE%`'-_8?''_`$,/A_\`\$,__P`F4?8?''_0P^'_
M`/P0S_\`R97244`8OA+5+W5]`-QJA@:ZBO+NTD:WC,:/Y%S)"&"EF*Y$8.-Q
MQGK6U7-^`_\`D7+K_L-:K_Z<+BNDH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MN;L?^2IZ[_V!=-_]'WU=)7-V/_)4]=_[`NF_^C[Z@#I*\[L?$.IS>-Y=+U'7
M9-+U$WS^5I%[:1K!=6:L,/;2A07<I@MEVP=XV+@,/1*Y2Z\):EJ%[;QZEK45
MUI=OJ`U".%[(_:4=9#(B+-YF`@)"XV9V@C=S0OB3_K^O^&!_"T4W\2W5Z89M
M'O;N.&+Q$+"[COK-5=EP`4CX!5.00S`L?7H:TK'QK'?0&0:+J<)34GTZ6.;R
M`T3*"S2-B4_NP`3D9)'(!!!K/?P5K.Z5HM>LD,NN#5C_`,2QC\H"@1?Z[_9'
MS?H*V!X4M?\`A)=2U9II"NHVRPRVP.$#@%6D_P!XH$7V">])74?/_@1_5-?B
M'VO+_@O]+/Y6.9B^-GA6>.Z>W%Y<_9_*95LUCNFECDDV!PL3L4`)&5D",,@;
M<D"N@\1ZIK">![C4-)TV]@O]JDVP2*6YB3>`[(@9D=PFYE7)!(`P>E9-QX'U
M^;PNNAGQ1;O#;F)+62;369A'&ZNHEQ,!(_R(-PV#&[Y<G(ZO4[*[OM*^SVVH
M-976Z-Q<Q)GE6#$;2?NMC!&>A/--VZ?U_77\`6^IP\7C:YL?"-[K>DZBWB^W
MCN(;6)-D5O<P.S[)!.I$8#`L,#:A^Z"!RYZ&X\9BUU>"PN-`U>,W#^3%.T<0
MC>?R3+Y()DR3M4C<!LW`C?P:HW'@6\OK/6);_5;0ZMJGV;=<VU@T<*"!]\>8
MC*S,<Y!)?D8`QBJ%]\.M:O/%$.OC7M+:_M[E;B&:XT9I'C_<F-H5;[0"(<EG
M"#&&.26.23J"V_K^OZZ&EI?Q+TC485GGL]1TVV>PDOTGO8557CC95DP%9CE2
MR]L-G*EAS5#2O&.JOXG\0_;-)UPV\%M92VNER06[3!I6D0E#&V-IVJ29'^7#
M9VBJT7PMU&73K'3M4\0VUQ9VVEW&FOY&FM%+(LK*V\,9F"L#&G\)!PW'(Q/<
M^`?$M_/>SW_BG3Y)+RVMK>01Z.Z)*L$C/MD7[0=R.'=74;001T&07_7XO]+#
MZ/\`KM_P30A^)%E<W5A9VVBZS+?7QN%%LMNG[IX)-DBO(7\L$')X<C`ZY*AJ
MM]XONKKQUX>M-)CU&/3)K^XL[BY,<!M;HI#(Q4$DRAE>/&0%4X;EN*C\-?#S
M5/#VJZ?*FLZ6UC8RW3I:6^CM!@7#;F52)RJA2`%^7@<<]:FM_`6JV.J:<;+7
M[4:5IVIRW]O:S::SRCS1('C,HF4$?O7VG9D<9W8Y%:Z$]G;S_7_@&=XZUZZT
M3Q@D,WBG6=+L+C3VECCL=/@N%6?S$C0%F@?:K%NKL!D@;A5^\^(2^#/">CR>
M/5CCUNYMC)<6T$\$9!0#>P\R15;!*_*C,23\H(!QIZGX3N=7\6/?WUY93:3-
M826$VG26+%Y(WP6_>^;C.X#^#ID=>10LO!?B/3YK.YA\6Q375E$]I%+=::7\
MVV8@A90)1OD4JN)!M[Y4YJ8W44G_`%J[?I\O-:C^)O\`K9?\'Y^NEU/B%I,L
MMS)%!=R:;:P^=/JD:HT$8\H2@,H;S02A!'R8.0`2:B?XB6MNTD5_HFK6=S%-
M;));3+!O6.=_+CFRLI4IO^4X)8'JM4]5^&O]O:K<3ZQJ4,L,EK):I+!9^5>>
M6\>W9).'VR*&RX!CX;!SQ@RS>`]0U&RNI-9UR&ZU>2&WA@O(K#RHXQ!*)4+1
M>82S%QEL,H(``"\DUI=?U_7];AT_KR_X)/=_$:QL[I[631]8>Z74SI:PPVZ2
M%Y?*$JMN5RJJRLN"S*>>0`&(N_\`"81_VLMD-'U5HUD6&YO$B1X;25H]^R0J
MY;@%<LJL@+#+=<8D?@/Q`-6-[+XEL)-^JQZI(ATAP3(L(A**1/PNT<9!([EJ
MV!X6NXM:U"2WU1$TC4Y//N[$VQ,GF;`C;)0XVJP5<J5;O@C/$ZV\_P#@+];_
M`(=!NU]/ZW_X'XF/8_&+PSJ1O%L6DGDMUC>)([BV8W*R2"-"I$N$)8J-LIC8
M;AD"NGENKC5/"LUS"+[1;AX7($D<?GP,N>H(=#T_V@0>*Q(_"&N1^'#HTGB&
MSN[>*-;>W6\TKS5>`$92X7S0)B5`7<OE]SCFM+3?#D^C^"5T+3KR%)DB:..:
M2!GBCW$G"Q^9N"`'"KOX``R<435X/EWZ?U_7R"+]Y7V,#1?&EUIGAKPY%J]M
MJ^O:EJVF_;1<6\%N!(X57=,`H$P&X+`#&!N+==7_`(3VRFBLIM,TO5=3AN;:
M"[D>SMU8VL4QQ&SJ6#'.&)5`[`*21TSGVW@?7K2/0%B\0Z>3HNGRV2[M)?$H
M=54,1]HX(")QGGYNF1AVA>!=6\/Q6*6?B"#Y+&&POL:>0+B.$D1O'^]S%)M8
MJ6)<'@[1BM&TY-^>GIK_`,`A)J*[_P##';T5#;)=(LGVR:&4F1C&8HC'M3/R
MJ<LV2!U/`/H*FJ"CF_`?_(N77_8:U7_TX7%=)7-^`_\`D7+K_L-:K_Z<+BND
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"N;L?^2IZ[_V!=-_]'WU=)7-V/_)4
M]=_[`NF_^C[Z@#I****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`YOP'_`,BY=?\`8:U7_P!.%Q725S?@/_D7+K_L-:K_
M`.G"XKI*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`K)U7PGX=UZZ6YUS0-+U*=
M$\M9;RSCF95R3M!8$XR2<>YK6HH`YO\`X5QX'_Z$WP__`."N#_XFC_A7'@?_
M`*$WP_\`^"N#_P")KI**`.;_`.%<>!_^A-\/_P#@K@_^)H_X5QX'_P"A-\/_
M`/@K@_\`B:Z2B@#F_P#A7'@?_H3?#_\`X*X/_B:/^%<>!_\`H3?#_P#X*X/_
M`(FNDHH`YO\`X5QX'_Z$WP__`."N#_XFC_A7'@?_`*$WP_\`^"N#_P")KI**
M`.;_`.%<>!_^A-\/_P#@K@_^)H_X5QX'_P"A-\/_`/@K@_\`B:Z2B@#F_P#A
M7'@?_H3?#_\`X*X/_B:KZA\.O!*:;<LG@_0%987((TR$$'!_V:ZRH;U!)87"
M'@-$P_2@#B?"/P_\&W/@C0Y[GPEH4TTNG6[R22:;"S.QC4DDE<DD]ZV/^%<>
M!_\`H3?#_P#X*X/_`(FIO`KF3X=>''/!;2K4_P#D):WJ`.;_`.%<>!_^A-\/
M_P#@K@_^)H_X5QX'_P"A-\/_`/@K@_\`B:Z2B@#F_P#A7'@?_H3?#_\`X*X/
M_B:/^%<>!_\`H3?#_P#X*X/_`(FNDHH`YO\`X5QX'_Z$WP__`."N#_XFC_A7
M'@?_`*$WP_\`^"N#_P")KI**`.;_`.%<>!_^A-\/_P#@K@_^)H_X5QX'_P"A
M-\/_`/@K@_\`B:Z2B@#F_P#A7'@?_H3?#_\`X*X/_B:/^%<>!_\`H3?#_P#X
M*X/_`(FNDHH`K:?IUEI-C'9:59V]E:19\NWMHECC3)).%4`#))/U-6:**`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HKA-(\)^'-?UWQ/=Z[H&
MEZE<KJQC$UY91S.$%O#A=S*3@9/%:_\`PKCP/_T)OA__`,%<'_Q-`'245S?_
M``KCP/\`]";X?_\`!7!_\31_PKCP/_T)OA__`,%<'_Q-`'245S?_``KCP/\`
M]";X?_\`!7!_\31_PKCP/_T)OA__`,%<'_Q-`'245S?_``KCP/\`]";X?_\`
M!7!_\31_PKCP/_T)OA__`,%<'_Q-`'245S?_``KCP/\`]";X?_\`!7!_\31_
MPKCP/_T)OA__`,%<'_Q-`'245Y[XC\"^$+35?#4=OX3T&-+K53#,HTN#YT^R
MSMM/R]-RJ?P%;W_"N/`__0F^'_\`P5P?_$T`=)17-_\`"N/`_P#T)OA__P`%
M<'_Q-'_"N/`__0F^'_\`P5P?_$T`=)17-_\`"N/`_P#T)OA__P`%<'_Q-'_"
MN/`__0F^'_\`P5P?_$T`=)17-_\`"N/`_P#T)OA__P`%<'_Q-'_"N/`__0F^
M'_\`P5P?_$T`=)17GOC+P)X/L="MY;3PGH4,C:KIT19-,A!*/>PHZ_=Z%68'
MV-;W_"N/`_\`T)OA_P#\%<'_`,30!TE%<W_PKCP/_P!";X?_`/!7!_\`$T?\
M*X\#_P#0F^'_`/P5P?\`Q-`'245S?_"N/`__`$)OA_\`\%<'_P`31_PKCP/_
M`-";X?\`_!7!_P#$T`=)17-_\*X\#_\`0F^'_P#P5P?_`!-'_"N/`_\`T)OA
M_P#\%<'_`,30!TE%<W_PKCP/_P!";X?_`/!7!_\`$T?\*X\#_P#0F^'_`/P5
MP?\`Q-`'245S?_"N/`__`$)OA_\`\%<'_P`31_PKCP/_`-";X?\`_!7!_P#$
MT`=)4=S_`,>LO^X?Y5S_`/PKCP/_`-";X?\`_!7!_P#$T?\`"N/`_P#T)OA_
M_P`%<'_Q-`$G@'_DFWAK_L$VO_HE:Z"O._`/@'P=>?#;PU=7GA/0Y[B?2;62
M667386>1C"I+,2N223DDUT'_``KCP/\`]";X?_\`!7!_\30!TE%<W_PKCP/_
M`-";X?\`_!7!_P#$T?\`"N/`_P#T)OA__P`%<'_Q-`'245S?_"N/`_\`T)OA
M_P#\%<'_`,31_P`*X\#_`/0F^'__``5P?_$T`=)17-_\*X\#_P#0F^'_`/P5
MP?\`Q-'_``KCP/\`]";X?_\`!7!_\30!TE%<W_PKCP/_`-";X?\`_!7!_P#$
MT?\`"N/`_P#T)OA__P`%<'_Q-`'245YWX^\`^#K/X;>);JS\)Z'!<0:3=212
MQ:;"KQL(6(92%R"",@BN@_X5QX'_`.A-\/\`_@K@_P#B:`.DHKF_^%<>!_\`
MH3?#_P#X*X/_`(FC_A7'@?\`Z$WP_P#^"N#_`.)H`Z2BN;_X5QX'_P"A-\/_
M`/@K@_\`B:/^%<>!_P#H3?#_`/X*X/\`XF@#I**YO_A7'@?_`*$WP_\`^"N#
M_P")H_X5QX'_`.A-\/\`_@K@_P#B:`.DHKF_^%<>!_\`H3?#_P#X*X/_`(FC
M_A7'@?\`Z$WP_P#^"N#_`.)H`Z2BN;_X5QX'_P"A-\/_`/@K@_\`B:/^%<>!
M_P#H3?#_`/X*X/\`XF@#I**YO_A7'@?_`*$WP_\`^"N#_P")H_X5QX'_`.A-
M\/\`_@K@_P#B:`.DHKF_^%<>!_\`H3?#_P#X*X/_`(FL3QKX!\'6?@'Q!=6?
MA/0X+B#3+F2*6+385>-A$Q#*0N001D$4`=_14=N2UM$6.24!)_"I*`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`.;
M\)?\A'Q1_P!AIO\`TG@KI*YOPE_R$?%'_8:;_P!)X*Z2@`HHHH`***Y*S\0^
M*-66YN-(T#2'LXKRYM8WNM9EBD?R9GA+%%MF`R8R0-QX(H`ZVBN;^W>./^A>
M\/\`_@^G_P#D.C[=XX_Z%[P__P"#Z?\`^0Z`.DHKF_MWCC_H7O#_`/X/I_\`
MY#H^W>./^A>\/_\`@^G_`/D.@`\5_P#(:\)?]AH_^D=S725Q.JVWCC4[W2+C
M^Q/#\7]FWIN]O]MSMYG[F6+;_P`>G'^MSGGICOD:7V[QQ_T+WA__`,'T_P#\
MAT`=)17-_;O''_0O>'__``?3_P#R'1]N\<?]"]X?_P#!]/\`_(=`'245S?V[
MQQ_T+WA__P`'T_\`\AT?;O''_0O>'_\`P?3_`/R'0!TE%9/AK69M=T07EU:I
M:3I<W%K+#',955X9WA8JY5203&2"5'!Z5K4`<WX\_P"1<M?^PUI7_IPMZZ2N
M;\>?\BY:_P#8:TK_`-.%O724`%%%%`!1110`445'//#:V\EQ<RI##$A>221@
MJHH&223P`!WH`DHKF_\`A8_@?_H<O#__`(-(/_BJ/^%C^!_^AR\/_P#@T@_^
M*H`Z2BN;_P"%C^!_^AR\/_\`@T@_^*H_X6/X'_Z'+P__`.#2#_XJ@#I**YO_
M`(6/X'_Z'+P__P"#2#_XJC_A8_@?_H<O#_\`X-(/_BJ`#X<?\DL\*?\`8%L_
M_1"5TE>=^`?'W@ZS^&WAJUO/%FAP7$&DVL<L4NI0J\;"%058%L@@C!!KH/\`
MA8_@?_H<O#__`(-(/_BJ`.DHKF_^%C^!_P#H<O#_`/X-(/\`XJC_`(6/X'_Z
M'+P__P"#2#_XJ@#I**YO_A8_@?\`Z'+P_P#^#2#_`.*H_P"%C^!_^AR\/_\`
M@T@_^*H`Z2BL73O&?A?6+Y++2/$FD7]U("4@M;^*5VP,G"JQ)P`36U0`4444
M`<W\1_\`DEGBO_L"WG_HAZZ2N;^(_P#R2SQ7_P!@6\_]$/724`%%%%`!1110
M`4444`%%8'CRZGL?AQXDN[.9X+BWTFZEBEC;:T;K"Q#`]B"`:B_X0/2/^?SQ
M!_X4>H?_`!^@#I**YO\`X0/2/^?SQ!_X4>H?_'Z/^$#TC_G\\0?^%'J'_P`?
MH`Z2BN;_`.$#TC_G\\0?^%'J'_Q^C_A`](_Y_/$'_A1ZA_\`'Z`.DK"\<()/
MA[XB1NC:7<@_]^FJ#_A`](_Y_/$'_A1ZA_\`'ZCG^'FAW-O)!<SZ[-#*I22.
M3Q#?LKJ1@@@S8(([4`=#8.9-.MG;JT2D_D*GKFE\`Z,B!4NM?55&`!XCU``#
M_O\`TO\`P@>D?\_GB#_PH]0_^/T`=)17-_\`"!Z1_P`_GB#_`,*/4/\`X_1_
MP@>D?\_GB#_PH]0_^/T`=)17-_\`"!Z1_P`_GB#_`,*/4/\`X_1_P@>D?\_G
MB#_PH]0_^/T`=)17'6FEQZ#\1],M+"\U-[>[TF]EFBO-3N+I2\<UH$8"5VVD
M"1QQC[U=C0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!S
M?A+_`)"/BC_L--_Z3P5TE<WX2_Y"/BC_`+#3?^D\%=)0`4444`%<WX#_`.1<
MNO\`L-:K_P"G"XKI*YOP'_R+EU_V&M5_].%Q0!TE9$OB?2X/$\/AZ1KH:E/&
M98T%E,49!C+>:$V8&0#\W!('4BM>N%UK6=&B^+%I97^K6MM)_8=VLB&[$4B9
M>)NH8,IVJS`C!PI(Z9I7U7S_``3?Z!T;]/S2.Z)"@EB`!R2:1'61%=&#*PR&
M!R"/6O`K+5[+4_#,%D_BNZU.35O"U^\]O+JS.SRQE#&`H;(8*)0<<L%;?NP:
MU9;YKJ\TFTTOQHNDV4-A;2Z6[23W1U"3>?-6-Q<JL[[@J&-Q)@$8`R::U_K_
M`!?Y`]/Q_3_,]GDD2*,O*ZHBC)9C@#\:=7B=Q%I^L_#OQ%?7OB:^U?[)K>QI
MFU9@D$2W:$96)E10`2P..!C!`50-2SU;2A>>-[X>+M4U&TTN%7MTLM3$K6T3
M6Z[F10=K'/1I-V"N[.XLQ2=U?RO^%QVUMYV_&QZP3@$G/'H,U1T?6;+7M-6_
MTR1Y+=G>/,D+Q,&1BC`HX#`AE(Y':O'-)\70L;C3K_Q`L>AC642ZNK;7Y;K[
M-`UJK1C[8=LBH\PQNR`#E0<=:ECJ45QX=L-+T_QG#I&D_:]3`U:2XEE#S_:F
M,:M-'/&=YC;>H=F#@Y*M@57]?A?^O,72_P#77_(]\HJKIAF.DVANY6FG,*>9
M(T7E%VVC)*9.W)YQGCI5JAJSL).ZN<WX#_Y%RZ_[#6J_^G"XKI*YOP'_`,BY
M=?\`8:U7_P!.%Q724AG-^//^1<M?^PUI7_IPMZZ2N;\>?\BY:_\`8:TK_P!.
M%O724`%%%%`!1110`5S?Q'_Y)9XK_P"P+>?^B'KI*YOXC_\`)+/%?_8%O/\`
MT0]`'24444`%%%%`!17FGBB>[TSQ5>W'B"ZUK3M.N6BCT[6-/N':TM%*@-'<
M0`X4E\_O64C#C#H5&+?B/5[FYC\5VUI_:&E3Z=]CD%S'>;OM"L<_*G(C4X(.
M-K-WQ1TN#T9Z!17*2>*M675M9TU=%M/M-C);_8T?4&'VR.9B/,_U1V`888^;
ME6Z#!.-<_%.ZCGU)[/PKJ%[96L-R\-S'',BR-#G(=Y(EB5&VL0RR.<#[N3MI
M-I*X[.]CT2BL[0KZ]U/28KS4;&.P><"2.!;CS2J$`KN.T`-SR!N`[,:T:III
MV9*::N@HHHI#.;\4?\C'X,_[#4G_`*;[RNDKF_%'_(Q^#/\`L-2?^F^\KI*`
M"BBB@#F_B/\`\DL\5_\`8%O/_1#UTE<W\1_^26>*_P#L"WG_`*(>NDH`****
M`"BBB@`HHHH`YOXC_P#)+/%?_8%O/_1#UTE<W\1_^26>*_\`L"WG_HAZZ2@`
MHHHH`*Q/&.N3>'/"EYJEO&&:`+EWC:1(59PK2NJ_,40$N0.<*>1UK;JEJR:C
M)IS#19H(KP.C*;A2490X+*<<C*@C(Z9SVI,:W.;3Q5<6?AJZU;6=:T,6`\H6
M>KVD;R07)9B#^Z$A;.<*%#MZYZJ)KCQHNBZEK?\`PDBI;V%E-;1VTEI#-<.W
MFCC>$4D$MP,#'(&236'-X%UAM!\3+86&CZ9=ZYY0&GV]Y)]E1E)WS%_)!WL"
M,@1C.P9)))K;'AW4M2U3Q+'KL%DFF:O;10Q&VN7>52J%22#&H'+9!!.,#\&^
M_P#7]?U8E;ZFG=>*M*LI+J.=KOS+5TC>..PGD9V==P$:JA,AV@D[-V`"3C!J
MK9^/_#.HZI;Z;IVIB[O+B&.=8+>&21EC<D!G"J=@XYW8VY&[&1G%U7P-J.I>
M'M&&HKI6NZG8S_:+R#4XO]&O69"C<[&*$`C:VP_=P1R:N>'?#>IZ/XK^U#3]
M'LM+_LY;98;"5E\IQ(\A"QB)5VY<C.X$XW8&<!K>W];?Y@]OZ[_Y'8T444AA
M1110!S=]_P`E3T+_`+`NI?\`H^QKI*YN^_Y*GH7_`&!=2_\`1]C724`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`<WX2_Y"/BC_L--_Z3
MP5TE<WX2_P"0CXH_[#3?^D\%=)0`4444`%<WX#_Y%RZ_[#6J_P#IPN*Z2N;\
M!_\`(N77_8:U7_TX7%`'24444`95_P")=*TO7+#2-0N'@N]18K:AH)/+E8`G
M;YFW8&P#\I8'VY%+J_B32]#O-/M-1GD6XU*4PVD,5O),\K`9/"*2`!R2<`#J
M:Y?XB1:?J][IVAOJEI::M+')/IZR3()!.A1HF52<GYT[=0"*Y?4_%,%_KW@W
MQ!J!BTZ]FNY8X+&]E6-UVVDZ,,,1UG;9GH<)ZBDGI_7X>?\`PXVOR_KY'L4D
MB11EY75$49+,<`?C0[I%&TDC*B("S,QP`!U)->#2JVJ^"[^]U;Q@^HH5M)M0
ML8VN+=M/G6Y3>92UP_DL,N-@"+\FX*-@-;5YXPTNT^)>F?8/$3):+?I:W!O-
M=8JT1M"R;;<Y1HF)0B=FWLY(&1@U5M>7K_7]>GGH+HW_`%_7Z_>>K:5JMEKF
ME0:EI5PMS9W"[HIE!`<9QD9^E6Z\3D\26,GA3P_/I^O12Q[[D_8;75GLY[@B
M?[T+*=LLBY'[EP0P<8QW]L!R,TNEQ>04444#.;\!_P#(N77_`&&M5_\`3A<5
MTE<WX#_Y%RZ_[#6J_P#IPN*Z2@#F_'G_`"+EK_V&M*_].%O725S?CS_D7+7_
M`+#6E?\`IPMZZ2@`HHHH`****`"N;^(__)+/%?\`V!;S_P!$/725S?Q'_P"2
M6>*_^P+>?^B'H`Z2BBB@`HHKS3Q1/=Z9XJO;CQ!=:UIVG7+11Z=K&GW#M:6B
ME0&CN(`<*2^?WK*1AQAT*C`M[!TN=1J?@R#5+F\,FK:E#9Z@P:^L(WC,-R`B
MH5.Y"Z@J@!V,N>:@U7P'#JLNLN^MZK;#5UA25;<P`1+%G:$)B)&<G.2>O:J8
M\4^(H=7\5"73M-EL]*>);8G4/)`5D5F>5FCPJA69V8$X"X"MU-.Q^)6I:K%I
MK:1H-E>&_6[59(]6S$KV[[6(<1?-&PP5<#.2/EQDTKKE':YUTGAZRFUZPUFX
MWRW]C;O;I*Q`WAMN2P``)X.,8`W-QS6/+\/[5K/4+&WUC5;:PO?-(LXGB,=L
MTN?,:/=&6YW/PQ91O.`#C',>,/&U[KOP[OI?#5E(DBZ)'J=S-_:3VDMF)%+1
MA#&I,C#8Q(RH(`&3NQ707_CJ?2O%]EH=QIMO(+P[+<)J4?VN;$+2;Q;D<1ED
M9-S./F'3'-.4=T_-?Y_U]PD]FO7[K?YG5:;9_P!G:9;69N);G[/&L8FF"[W`
M&,G:%7/T`JS7#Z;X[U35/#^F7G]@06]YK3B/3[.74?O85FD:1UC.Q0$)!4.3
ME<A22!;^&<][/X(0ZFTIN8[V\B8373W+($N9%">:_P`SA0``3S@"F[MML5DD
MK?UO_D=;1112&<WXH_Y&/P9_V&I/_3?>5TE<WXH_Y&/P9_V&I/\`TWWE=)0`
M4444`<W\1_\`DEGBO_L"WG_HAZZ2N;^(_P#R2SQ7_P!@6\_]$/724`%%%%`!
M1110`4444`<W\1_^26>*_P#L"WG_`*(>NDKF_B/_`,DL\5_]@6\_]$/724`4
MM:OI=,T*^O[:UDO)K6WDF2VB&6E95)"CW.,5R.E>-KP>&;GQ%>7>FZ[H]O9-
M<&YT."02>8,'R3"7<@@'DDCK\P3;SV6HQW<NEW4>FS);WCPLL$LB[ECD(.UB
M.X!P<5Q;>"]2O]1US4+FTTK2;G4=+EL'^P3O(MZ[?=FFS&F"O('WSAS\W`J7
M=7MV_1_\#_AKE*VE^_\`E_P?ZL:\?C_02-/6YFN;::^CB=8Y+&<>5YK%$$C%
M,1[F!"[]N['%2:=X\\.ZKJ<>GV5](;J262`1R6DT6)8P2T;%T`5P`6VD@D#(
M!'-<IKOA+QKK$%C&PTOR[1+1XK==8N(HXY890[[@L.)@ZHF"X^0CA<Y)=#X1
M\72R60O;;1HD36;J_F:#4I698YXY$PN;<991*3S@'8.F[Y;EN[>=OPM^OW$+
MX5??_@._XV--?B)9R>-6LXKN/^QHM*N+V>XDL9X]IBD12Z3-A)8R';[@/W?O
M'(J^_P`2?"L4$4D^I/`\MR;1+>>TFCG:;8'V"%D$F2I7'R\[E`R2`>;M_"OC
MNS73H[-M#@DTK1[C2[6^6[E+,6\ORY3$T)"G]RN5W,!N)YQ@Q:=X*\6V.K+,
M+32C;-K$6I.9M=NKF50L`A9-\D!+]V!)'9<`<T::+^OB_P#D=1]+_P!;?YF]
MXJ\>Q:5/IEMI4NZZN+ZSAGCFTZX=5CGD5=K2#:L,FUMP#G/'W>16AXSU+6M,
MM]-?0KBPA:YOXK23[;:/.,2,%##;*F,=<<Y]JP-:\)^)_M>I1:-'I5W97VK6
MVJA[R\E@EB>)HBT>%B<,I\D8;(QN/!QSL^/=!U'Q'I=C966G:7?PI>17%S!J
M5PR1NL;!MF!%(&W<CD#'O26R]5]VE_U_,'UMV?WZV_0K>'_'#26&K#Q%Y;7&
ME:F^G&73+>65;M@H<&.)=[[@I^9`6VE&R<`XN1_$;PM/=):V>I/>W+VZW0M[
M.UFN)!$V<,4C0LO3D$`@E0<;AFIXF\"VM[I>DV^BZ-HCV^EW+3+I%Y;JMG,K
MJP8<(P1@6+!@AY[<DT>'O#6IZ1XJ^T_V?H]EI9TY;58;"5E\IQ(\A"QB)5VY
M<C.X$XW8&<`=_P"O3]6']?C^B-G3?%FC:M=V=M87,DDE]9?;[8M;2HLD.0"P
M9E`R"RY7.X9&16S7G_A?PIXET?6=!-['I1L-(TZ?3=T-W(TLB,8V67:8@,_N
M@"F>,D[CTKT"F[;K^M7;\+`]SF[[_DJ>A?\`8%U+_P!'V-=)7-WW_)4]"_[`
MNI?^C[&NDI`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`<
MWX2_Y"/BC_L--_Z3P5TE<WX2_P"0CXH_[#3?^D\%=)0`4444`%<WX#_Y%RZ_
M[#6J_P#IPN*Z2N;\!_\`(N77_8:U7_TX7%`'24444`175U;V5I+=7D\=O;PH
M7DEE<*J*!DDD\`#UK'TOQGH>KW<%K:7,R7%P"T$-U9S6[S*!DNBR(I9,?Q#(
MY`SDBL[XG6=W>>"F^QV\UVMO>6US<VL"[GG@CF1Y$"_Q':"=O?&.<U6USQII
MVK^&;Z?P/=6^MZK;6<MQ;M8A+AK5O+.&;KM<Y(5#\S'(P0&PELWV_P`M_P"N
MS':[27]?U^IV]%>(ZSKEM#H^HW'AKQK>QZ"RV$BW[:F9C'<M/B2(33;B"8]K
M-'GY<#(`8@W/%<EAHWB#5K-/%FJV9.A0W.EVW]MS.]S=EY@AC#.S2$[4&Q<J
MV[YE8XP_Z_K].X)7_KO;_/4]BHJCI=\MU;B">X@?4+>.,7L,3@F&1D#88`_+
MG.1GM5ZFU9V)3NKA1112&<WX#_Y%RZ_[#6J_^G"XKI*YOP'_`,BY=?\`8:U7
M_P!.%Q724`<WX\_Y%RU_[#6E?^G"WKI*YOQY_P`BY:_]AK2O_3A;UTE`!111
M0`4444`%<W\1_P#DEGBO_L"WG_HAZZ2N;^(__)+/%?\`V!;S_P!$/0!TE%%<
MA\2M-O+KPLVH:9<ZA%<Z4XO#!97DL!NHD(,D)\M@3N0$#T.,=Z5[;C2OL=?7
M.:GX,@U2YO#)JVI0V>H,&OK"-XS#<@(J%3N0NH*H`=C+GFLZ\U33IKY_&$-[
M?S:;I>F"01VMU*8KII%WK^Y#;78(1C(.?-'=1BA!\2-:F$"'PA,DLU^EF!-+
M/;H^^,LKH9[>,L`58/\`*"N`1OR!3V?G_P`&PKZ76W_`N;6J^`[;5+V]N1JV
MI6?VR6WG:.W,.R.:`J8Y%WQL<_(!AB5]L\U1M/AFEG?I=P^*]>WQM=,@;[(0
MK7!W2M_J.26P1G.,8'&0:L7C;Q)J>JZ)'IFD:<D=T+Y+J&XOW!$UO)Y9"N(C
M\F>0=H)ST7&"YOB5>+H]IJ*>'Q,EWH$NL1Q17PWAHS'NB.Y%&W$@._.>#\N<
M`K1)_/\`7]%^!23;LOZZ?K^9(WPHL/[&&G6^OZU;QOIXTVY>)K?==6ZY"*X,
M)7*ABH90K8/)/6II/AK&]Z+N/Q1KL,PNEO=R?93^_$/DF3YH#R4[?=&>`.*@
MU7XA:GI>FV3_`/",R7&H7D+7265N\]P4@`7&YH8'VR$MC;C9P?WG3.AI?C:3
M5?%W]CQZ?%;*(%F=+JY,-XJL@8/]F9!E,G865SA@00,5;O=_U_6I%U;^O3^O
M(6/P!:P^'=,TN+5]42;29?-LM15H1<0G!!'^KV,I5BI#(<@^N#6GX9\/+X9T
MR2RCU&\U!9+B6X\R\$6X-(Q=P/+1!@L6/3OZ8`Q-2M91\5K&6VN;UC_9%S.+
M0ZC-';22H\2H6C!*]'89VGKG!(%4M.^)TTMC'>ZSH)L+:?2YM1A\J\69W\ID
M5DQM4#)D7:<\C[P0\5*=UZW_``O_`)#>]NUOZ_$]`HK*T2]UF[%PNOZ/%ILD
M3+Y36]Z+F.92N<@[48$'((*@=,$]M6@#F_%'_(Q^#/\`L-2?^F^\KI*YOQ1_
MR,?@S_L-2?\`IOO*Z2@`HHHH`YOXC_\`)+/%?_8%O/\`T0]=)7-_$?\`Y)9X
MK_[`MY_Z(>NDH`****`"BBB@`HHHH`YOXC_\DL\5_P#8%O/_`$0]=)7-_$?_
M`))9XK_[`MY_Z(>NDH`****`.(\1^+-5@\+ZWK>A2:?!:Z7(T:27D+3"<QMM
ME.%D38`V5!R?ND],56TOQ7KVL7=_8:%K'AW7W6Q,\&I:?;2?9H)PP`AE`F<$
MN#D8D!&TDJ1C,4VCZG-X*UGP=IL=N=1^TS.K7LKPQO!-,TJR*P1]^-VTC'!!
MR1QG2LO#VNW_`,0K7Q/KEOI>FBRL9+1(M/N7N'N=[`GS':*/"KMRJX/+$Y%)
M*^G3_@?Y_=^`7LWZ_K_D1Z?XC\0:SX"T2^TZXTR+6KZX6&=)[*0Q1L&83)L$
MH8-&$?DL02A'&X8=INN>*G7Q%)<?V7J']D7WD16]M;20//&(TD?YFE<;\284
M8P2O)&[*Z&B^$CH_B[5M32ZW6-Z_GV]F%P()G`$[9_VRB'V)?UJA8#5_#<?B
M2]UFSLS_`&C>&>R@L+IYY9G,2QB+:T2`$^6#G)`R<X"DTV]W;I?YW6GY@ELO
M/\-?^!?_`".CN;Z2[\-/?Z'<0!I;;S[:::(R1D$;@2H9201_M"N;TGQ_;6OA
MO1)O%UTB:IJMB+U(['3K@HX*ABD8&\LR@\@'<0"VT#IK:=H][HWP]M-&LE@N
M;RUT]+91-,T<;L$"G+!6('7^$_2N;LO#?BVSB\,`6>BN=&TN:RF']HRCS'9$
M564^1T_=@G(XW'KM^8EHY<OR_'_@`M5&_G?\/^"='=^.O#EE'9R3ZCF*]BCG
MBEB@DDC6.0@(\C*I$2L3@,Y4'!YX..@KS_POX7\5>&X;!(_[*<OIMM87O^E2
M'R#!N598B8OGW*V2C!,$?>.37=6SW3K)]LAAB(D81B*4R;DS\K'*K@D=1R!Z
MFJDE=V\Q*_4FHHHJ1G-WW_)4]"_[`NI?^C[&NDKF[[_DJ>A?]@74O_1]C724
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`<WX2_Y"/BC_
M`+#3?^D\%=)7-^$O^0CXH_[#3?\`I/!724`%%%%`!7-^`_\`D7+K_L-:K_Z<
M+BNDKF_`?_(N77_8:U7_`-.%Q0!TE%%%`!7,:IXX@T^&.:TTC4M4AEO18I+:
M"%5:8MMP/-D3(W97<.,@\UT5TLKV<RVYVRF-@A/9L<?K7E]^8I/A-X/LY;;5
M9MLME]I&G6]S)+%Y1439:`%D92&'4'(..:77YK\7^@/;Y/\`!'8P>.-.6VU2
M36;:\T232D26Z@OD0N(WSL=3$SJX8AE`4DY!&,XK"M]52V\8OKU_I_BJSN;^
MT$,>GSVUM)$T40:3*^5N8,-SML+[SDX0@`#F)]`U75+C77\+V&J3:5#-I]]`
MFLI)#<7EQ!*'>-9+@"9DV``&0D!N%(&:]-TGQ,FMW$:6.F:G"@7?<2:A8RV@
MAXX4>:H\QB?[F0`"2P^4,^E^O_`W_K]0\NG]:?UU]'?5M+N"_LH;NSE6:WGC
M62*1#D.I&01^%35SG@,.?"BR,P:&:[NIK8CH8'N)&B(]BA4CV(KHZ;W`****
M0'-^`_\`D7+K_L-:K_Z<+BNDKF_`?_(N77_8:U7_`-.%Q724`<WX\_Y%RU_[
M#6E?^G"WKI*YOQY_R+EK_P!AK2O_`$X6]=)0`4444`%%%%`!7-_$?_DEGBO_
M`+`MY_Z(>NDKF_B/_P`DL\5_]@6\_P#1#T`=)1110!@V?@O0['PC-X:@M"-+
MG$H>$N<D2,20&'(QG`QT`&.E49?`9G&G-<^)]<FFT^Y6XCG=K<L^U2JJW[G!
M`#/V!.XDDD#'644?U]VP?U]^YR>F^`(=+EL98M=U666SNKBX5Y1;Y<3L'EC8
M"$#:6!/`##)PP&`*+?"NT\I(HO$>N1116<UA%&K6Q6.VEV[H@#">!M&&/S<<
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M+&H($3;8@-O).0`Y/\5;-%%%Q'-^*/\`D8_!G_8:D_\`3?>5TE<WXH_Y&/P9
M_P!AJ3_TWWE=)0`4444`<W\1_P#DEGBO_L"WG_HAZZ2N;^(__)+/%?\`V!;S
M_P!$/724`%%%%`!1110`4444`<W\1_\`DEGBO_L"WG_HAZZ2N;^(_P#R2SQ7
M_P!@6\_]$/724`%%%%`!65XCU=M%T5[F%%DN))([>W1\[6EE<1INQSMW,"?8
M&M6L7Q9I,VKZ'LM%#W5K<0WENA(`=XI%D"9/3=M*Y[9H]?Z74#DO$%_JFE^,
MK73[OQ5XABMIM-:=AI6D17)\U75<[5MI652&)Y[XY]:L/B+7Y-!\*>)I_$/_
M`!*WO!:ZFMJELR2QM*T<,K-M?8Q;RQ(JL`-QQM*UTM[H7B*\\3Q:_IFK:?IY
M^Q?9EM+W2VG:,,RNVYDN5!;<O;CZ]:?I7@2TL_`]]X=U"Y?4!J9GDOKAD">;
M+,2795'"C)X'.,#D]:%=+7=?YO3[OZ[&C?D_\O\`,R/&$VOP:=XIUG2/$U]9
MV^GVH%K;I;6SQK.B[G.7B+,O*C!/!W^V-];R^T;7-,LK^_-]::BA@CEFC19E
MN$0OSL"J5=5<\*-K+W#`+7U+PA<W/P[;PO8:HL4DMOY$U]=VYG:7(^=RH=/G
M8DG.<9/0U8N-+U"_UK0OMZQR1:7NNY;J-?+26<QM$JK&69@,.[')./E`)R</
M1.PM7J_Z[?UZG0T444AA1110!S=]_P`E3T+_`+`NI?\`H^QKI*YN^_Y*GH7_
M`&!=2_\`1]C724`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`<WX2_Y"/BC_L--_Z3P5TE<WX2_P"0CXH_[#3?^D\%=)0`4444`%<!X4\:
M^%M(TN^L=6\2Z/8W<6LZIYEO<W\4<B9OYV&59@1D$'Z$5W]%`'-_\+'\#_\`
M0Y>'_P#P:0?_`!5'_"Q_`_\`T.7A_P#\&D'_`,57244`<W_PL?P/_P!#EX?_
M`/!I!_\`%4?\+'\#_P#0Y>'_`/P:0?\`Q5=)10!S?_"Q_`__`$.7A_\`\&D'
M_P`51_PL?P/_`-#EX?\`_!I!_P#%4>*_^0UX2_[#1_\`2.YKI*`.;_X6/X'_
M`.AR\/\`_@T@_P#BJ/\`A8_@?_H<O#__`(-(/_BJZ2B@#F_^%C^!_P#H<O#_
M`/X-(/\`XJC_`(6/X'_Z'+P__P"#2#_XJNDHH`Y;X=W$%YX2EN;2:.>WGU;4
MY(I8F#)(C7\Y5E(X(((((KJ:**`.;\>?\BY:_P#8:TK_`-.%O725S?CS_D7+
M7_L-:5_Z<+>NDH`****`"BBB@`KF_B/_`,DL\5_]@6\_]$/725F^(](_X2#P
MMJNC&?[/_:-E-:^=MW>7YB%=V,C.,YQD4`:5%<W]A\<?]##X?_\`!#/_`/)E
M'V'QQ_T,/A__`,$,_P#\F4`=)17-_8?''_0P^'__``0S_P#R91]A\<?]##X?
M_P#!#/\`_)E`%_7M(DU2WMY+.6."_L9Q<VDLB;E5P"I#`$':RLRG!SALCD5F
M7?P^T+4KJ[N[Y-2$^H*!=K#K5XD<@P1M*K*JE1D@#`&">!4GV'QQ_P!##X?_
M`/!#/_\`)E'V'QQ_T,/A_P#\$,__`,F46`L7O@W0;ZWL8FLC;#3D\NTDL9Y+
M22!,8**\3*P4@#*YP<#C@4U_#:;].L[?9!I-C*+EHMS/)<3`EE+LW)PQ\PL2
M69L$GKNQ_#ESXX\0>%=*UG^V_#]O_:-E#=^3_8D[^7YB!]N[[6,XSC.!6E]A
M\<?]##X?_P#!#/\`_)E%^H=+'245S?V'QQ_T,/A__P`$,_\`\F4?8?''_0P^
M'_\`P0S_`/R90!TE%<W]A\<?]##X?_\`!#/_`/)E'V'QQ_T,/A__`,$,_P#\
MF4`'BC_D8_!G_8:D_P#3?>5TE<LOA_Q%>:WI%YKFMZ7<6^F7+W2PV>E20.[F
M"6$`NUPX``F)^[V'-=30`4444`<W\1_^26>*_P#L"WG_`*(>NDKF_B/_`,DL
M\5_]@6\_]$/724`%%%%`!1110`4444`9/BS2I]>\&:UI%H\:3ZAI\]K$TI(5
M6DC903@$XR><`U1^W>./^A>\/_\`@^G_`/D.NDHH`YO[=XX_Z%[P_P#^#Z?_
M`.0Z/MWCC_H7O#__`(/I_P#Y#KI**`.;^W>./^A>\/\`_@^G_P#D.C[=XX_Z
M%[P__P"#Z?\`^0ZZ2B@#F_MWCC_H7O#_`/X/I_\`Y#JCJGB/QCI*6S7/AO0V
M%S=1VJ>7KLQPSG`)S:#CUKLJYOQK_P`>VC?]AJT_]&4`'V[QQ_T+WA__`,'T
M_P#\AT?;O''_`$+WA_\`\'T__P`AUTE%`'-_;O''_0O>'_\`P?3_`/R'1]N\
M<?\`0O>'_P#P?3__`"'7244`<W]N\<?]"]X?_P#!]/\`_(='V[QQ_P!"]X?_
M`/!]/_\`(==)10!RUC8^(KSQG9ZOKECI=C!9Z?<VJK9ZA)<M(TTENV3N@C"@
M"`]SG<*ZFBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M#F_"7_(1\4?]AIO_`$G@KI*YOPE_R$?%'_8:;_TG@KI*`"BBB@`HHHH`****
M`"BBB@#E/&UY:Z??^%;J_N8K6WCUG+S3.$1<VER!DG@<D"M#_A-?"O\`T,NC
M_P#@?%_\56Q+#'.FR:-)%Z[74$5#_9MC_P`^5O\`]^E_PH`S?^$U\*_]#+H_
M_@?%_P#%4?\`":^%?^AET?\`\#XO_BJTO[-L?^?*W_[]+_A1_9MC_P`^5O\`
M]^E_PH`RI?'?A"!-\_BK1(USC+ZC"!G\6J'_`(6/X'_Z'+P__P"#2#_XJJOC
M+3+(3^&YDM8DDAURW9&10I!*NO;V8UUU`'-_\+'\#_\`0Y>'_P#P:0?_`!5'
M_"Q_`_\`T.7A_P#\&D'_`,57244`<!XK\:^%M7TNQL=)\2Z/?7<NLZ7Y=O;7
M\4DCXOX&.%5B3@`GZ`UW]%%`!1110`4444`%%%%`!1110`4444`%%%%`'-_#
MC_DEGA3_`+`MG_Z(2NDKF_AQ_P`DL\*?]@6S_P#1"5TE`!1110`4444`%%%%
M`!1110!S?Q'_`.26>*_^P+>?^B'KI*YOXC_\DL\5_P#8%O/_`$0]=)0`4444
M`%%%%`!1110`5R\'Q#T*ZMX[BTBUNX@E0/%-#X?OW212,AE80X((Y!'!KJ*Y
MOX<?\DL\*?\`8%L__1"4`'_">:1_SY^(/_"<U#_XQ1_PGFD?\^?B#_PG-0_^
M,5TE%`'-_P#">:1_SY^(/_"<U#_XQ1_PGFD?\^?B#_PG-0_^,5TE%`'-_P#"
M>:1_SY^(/_"<U#_XQ6'XG\666HPZ8MGIWB"0P:G;3R?\4]?C:B/ECS#V';K7
MH%%`'-_\)YI'_/GX@_\`"<U#_P",4?\`">:1_P`^?B#_`,)S4/\`XQ7244`<
MW_PGFD?\^?B#_P`)S4/_`(Q1_P`)YI'_`#Y^(/\`PG-0_P#C%=)10!S?_">:
M1_SY^(/_``G-0_\`C%'_``GFD?\`/GX@_P#"<U#_`.,5TE%`&3HWB73==N+F
MWL#=I/:HCRPWEC/:NJN6"MME1202CC(R/E-:U<W8_P#)4]=_[`NF_P#H^^KI
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`.;\)?\A'Q1
M_P!AIO\`TG@KI*YOPE_R$?%'_8:;_P!)X*Z2@`HHHH`****`"BBB@`HHHH`*
M***`"BBD9E12SD*H&22<`"@#FO&CJG_"/[F"YUNV`R>I^;BNFKD8M,@\<&34
M]41SIA0QZ7&"58*>MT#V=L#8>JJ`1@N0-30-2N93/I6KL#JEA@2,!M%Q&<[)
MU'8-@@CLRL.@!(!M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'-
M_#C_`))9X4_[`MG_`.B$KI*YOX<?\DL\*?\`8%L__1"5TE`!1110`4444`%%
M%%`!1110!S?Q'_Y)9XK_`.P+>?\`HAZZ2N;^(_\`R2SQ7_V!;S_T0]=)0`44
M44`%%%%`!1110`5S?PX_Y)9X4_[`MG_Z(2NDKF_AQ_R2SPI_V!;/_P!$)0!T
ME%%%`&#XUTRXUCPC=V%G<VUO/,8U3[7GR9CYBGR9,<[9/N''.&Z'H>3T;48]
M%TW6X[#28/"NL6QMUFL+IFGLXT9F"/;+%@R!_GVQH$+2<8#$D^@:EIEGJ]@]
MEJ,(GMW*L4)(Y5@RG(Y!!`(([BL@^!M!?39K*6"ZE2>6.9YI=0N'N-\9RA$Y
M<R#:>F&&,G'4TEU'V_K^OZ]#E-.\:^*M8&F1V)TF-[O[?%+)<V%Q&5:VDVB0
M1-(&&X8!C;!!R=W&T](+J+Q;\*4OM5LK=TU'25N);9U$D89H]^,-U`/3/H*B
M@^&7ABVNEN8(=225?.VL-9O/E\W_`%A'[W@L>21U(!Z@&M:#POI=KX67P[;I
M=1Z8L7DK&M[-O5,_=$N_>!VQNZ<=.*4ES0DNK_X(XNTD^S.<M;D^%?@?:W>@
M1V%G-:Z.MU#%)!^Z=Q%YKC8K*26PQR#U))SR#3\3>*-7BMO$4#V6D:A;VEA9
M7L<-U"X7;*[APXW,)"/+RO"=>3QFNBL_`'AZR"*D-]/''"T$<-WJES<QQHR[
M"%221E7Y25R`#@D57/PR\+F&YC:VOR+N!+>X)U:[+2QHVY%9O-R<'@$G(!*]
M.*UE+FDWW_K_`",TK4U'K_PW_!!/$>IK\1O[%O#;VEG(&-M'-9R[[I0@8O'<
M!C&2#D&(J&`&>1S765CVWA;2K367U2*.Y-TS;_WM[-)&'VA-XB9R@?:,;@H.
M">>3G8J.B*ZA1110!S=C_P`E3UW_`+`NF_\`H^^KI*YNQ_Y*GKO_`&!=-_\`
M1]]724`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`<WX2_
MY"/BC_L--_Z3P5TE<WX2_P"0CXH_[#3?^D\%=)0`4444`%%%%`!1110`4444
M`%%%%`!7-ZL3XDU5]`A).GV^&U60='!&5M@?5@0S^B8'\8(O:_JLUC##:::J
M2ZI?,8[2-^57'WI7_P!A`<GUX4<L*L:/I4.C:9'9P,\A!+RS2<O-(QR\C'U8
MDD]N>,"@"\`%````'``K&U_3+BX$&I:2%&JV!+0!CM69#C?"Q_NL`.>S!6YQ
M@[-%`%/2M3M]8TR&^M"WER`Y5QAXV!PR,.S*001V(-7*YO4/^*8UE]73Y=*O
M6`U%>T$G"K<>RX`5_8*W&UB>DH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`.;^''_)+/"G_`&!;/_T0E=)7-_#C_DEGA3_L"V?_`*(2NDH`****`"BB
MB@`HHHH`****`.;^(_\`R2SQ7_V!;S_T0]=)7-_$?_DEGBO_`+`MY_Z(>NDH
M`****`"BBB@`HHHH`*YOX<?\DL\*?]@6S_\`1"5TE<W\./\`DEGA3_L"V?\`
MZ(2@#0\36=M?^%M3MKZWBN8'MI-T4R!U;"DC(/'4`_A7EWPYL;>PURTO9-,L
M?#DNGZ`DKV^G#(U>*1%;SW8*@)1E(*E2P9OO8(SZYJ6GV^JZ=-8WGF^1.NR3
MR9WA8CT#H0P_`UCMX$\/M9:7;-;7)72"QL9/M\_FP@C!42[]Y4CC:25P`,8`
MI*Z;:Z_\'_/^M`>MOZ[?Y?UL<M8>,_&]WI-SJ$OAT1VT]M'=64J0QS,BLPW#
MRH[EGN-J,&!'EEL$;02!0OCW6[[2;RZT6XT>[;2--74+MC;3*MZ&:7]W&&<-
M`0L)!+A\,<$?*<]-'X`\.PV4EI!:W4,#NKJD6H7">00V\"'#CR5W<[8]HX''
M`I9_`/ANY>W>:PD+01&'<+N8&>,MO9)B'_?J6R2)-P)+9SDYI^7]?Y_U<%OK
M_7]?\,8+>--;,=[-$;`QV^MV-JH>UD#-;7(A.#^\XD7S_O=#M^Z,\+:^+?$[
MZ7?7=]'I$#_VL=)M(8DED57,XC661R5R`#]P*-Q'WEW87>U;P'X>UN^DN]0M
M;AII6C=O)OIX5WQD;)`J.`'7`PX&['&<5)!X)T*#1;[21;3S65_*9KB.XO)I
MBTA.2X9W+*VX!LJ001GKS2Z_U_=_R?WAT2Z_\/\`K;[CG-8\3>-=/DAT:PL-
M.U77"DUPSV<:^4T2LH0&.6XC,9;>,D/)MP#@[ABU\1H8M9^$5_-J6FV[R_95
MG6WN-DHBEXZ,,C(R1N&?:MB?P3H=S;VD4T-T7LV9H;D:A<"X&[[P,X?S&!XR
M"Q!P..!BYK'AW3=>T;^R=1BE^P\#R;>XDM\@=%S&RG;[9QTHZ6Z_U_7^0=3S
MNS\.Z=%XY;P_K7AK2]$M=:TB:,6.D,);2\*.I+R'9'B1`?E_=]&/SYPHD\-Z
M5I>K^';+P#J^FV<\GA^^*W<#VZA?+A.Z*8+C`,H>,G^\&E'K7;Z5X/T;1M4?
M4[6&YFOFB\G[3>WT]W(L><[%:9V*@GD@8SQGI6E#IME;ZE<ZA#;1I=W:(D\R
MCYI%3.T$^VX_G33M;^M;MK[@_K\+,Y3P%HNEZ7K?B]]-TZUM&?5]C&"%4RH@
MA8+P.F68X]6)[FNUK)T;PSIN@W-[<::+L27TGFW!GOIYP[XQN`D=@IP`.,<`
M#H!6M2Z)=DE]R%U?J_S.;L?^2IZ[_P!@73?_`$??5TE<W8_\E3UW_L"Z;_Z/
MOJZ2@84444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!S?A+_D
M(^*/^PTW_I/!725S?A+_`)"/BC_L--_Z3P5TE`!1110`4444`%%%%`!1110`
M57U"_MM+T^>^OI!%;P(7=L9X'H!R3V`')/`JQ7%#Q#HOB/QO'ITVKV"Q:?+F
MWL6N4$M[<KG+B/.XI'@XXY<$_P`"D@&SH%A<O--K>KQF/4+U0%@8Y^R0#E8A
MVS_$Y'5CC)"KC<HHH`****`&2Q1SPO#.BR1R*5='&0P/!!'<5@:)+)HNH_\`
M".7KL\00R:9.YR981UB)/5X\@>I3:>2&(Z(D*"6(`'))K&NXM/\`%V@I-I.H
MPRJ'\VRU"TD6413(2`ZD'!P<J1GD%E/!-`&S167H.K-JMDZW<0M]0M7\F\MP
M<B.0`'@]U8$,I[J1T.0-2@`HHHH`****`"BBB@`HHHH`****`"BBB@#F_AQ_
MR2SPI_V!;/\`]$)725S?PX_Y)9X4_P"P+9_^B$KI*`"BBB@`HHHH`****`"B
MBB@#F_B/_P`DL\5_]@6\_P#1#UTE<W\1_P#DEGBO_L"WG_HAZZ2@`HHHH`**
M**`"BBB@`KF_AQ_R2SPI_P!@6S_]$)725S?PX_Y)9X4_[`MG_P"B$H`Z2BBB
M@`HHIKND4;22,J(@+,S'``'4DT`<3JFBV,OQAT^_BLK(:D-%NFCNI;<.RN)(
M55CT)P&(Z@X)`(R:R;#XB:_;Z5!J.NVVF2QW.BW&HQQ6BR1E7A>-<,S,WRMY
M@/3Y,'E^M:VI:E\.Y?%!U"_\56,.JQQ-;;1XB:'8K#!7REE"C/!Z9R`>H!I+
M/PQ\/]/UNUT:"ZB;4+:TDMH=+GUJ65O(D&70P/*=RD<X*D8"_P!T8%LEZ_J_
MU0.UV_3]%^AT>AG7D-S%XCN-+N74JT$NGQO%E".0\;L^,,#@ACD=ACG6KBK;
M4OA_X=3["OBFRM397(WI<>(&9XY%!41N7E+;0`?W;?*,?=R*[&"X@NHR]M-'
M,@8J6C8,`1P1QW%/?86VY)1112&%%%%`'-V/_)4]=_[`NF_^C[ZNDKF['_DJ
M>N_]@73?_1]]724`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`<WX2_P"0CXH_[#3?^D\%=)7-^$O^0CXH_P"PTW_I/!724`%%%%`!1110
M`4444`%%%9^MZLFCZ<9_*:XN)'$5M;(<-/*WW4'Y$D]``2>`:`*.O7=Q>WD?
MA_2I6BN;A/,N[B,X-I;YP6![.^"J?1FYV8.7-I\%K\1=*LK`?8XX?#]U#`85
M7,*^;`!MR".,#J"..<UO:#I+Z79R/>2K<:C=OYUY<`8$DA`&%'9%`"J.P`SD
MY)I+8>#=>U^[G2TT+4M7M!Y-U((X9KB$$%=CGEER-PP>V12ZZ>?XIK]0Z/Y?
MFG^AY['K?B6]\)*;WQ+<3'5/#-[>^9!!#"T+PM&%9&5<Y97.X^O*A*OR:GXM
M6[MM+T'6+55TG3;6[N)-2G2)KE'+%BZ+;-N0*NT%&C(.<EN*ZRVT+P%::['I
MUII?AR#5H8&,=K%;P+.D39#$(!N"G<V>,'<?6M)?"OAY%L530=,5=.8M9`6<
M8%J2<DQ\?(<\\8YIK3^NSE_FON"6O]=[?Y?B>>:DWB34O`^M76I>*KI)(=9^
MR1I86T,"+&MVJC.Y78G!QRV"``0?F+;"ZAK=I?\`BV75_%A@L=&55MW_`+/C
M(0-;JV^0`;I""0P"%,L3Q@A5Z=M`\,:5H]Y;OI.D66FW+;KN(VT4<,I)`RXP
M%8DX'/M3[7PGX<L8[I++0-+MTO(_*N5BLXT$Z8QM<`?,,=C22:5O+]!WUOY_
MJ<#IGBK7YKT^'[[4;^REGUH627]Y%:?:H4^R+/MQ&&@+,W"_*?E)R-PXSM*O
MO%$>DV7ASPYJD$5_)<:M<->W<J0-.T=XZ]/L\JD?,6955#TPR@&NY72?AU;Z
MA+X;6P\+Q7ET$\W2Q#;B28*-R[HL9;`RPR..M07R?##1E_L'4U\(V`287']G
M7`MHMLA&`_EG'S$8`.,XJM[?U?2W_!_JXNEOG^?^9;NX[V&UL?%%I&D]\EJ@
MU""TRRW<.-S!,@$LA)9,C)!9>-^1TEK=07UG#=V<JS6\Z"2.1#D.I&00?I4H
MQCCI7-P_\4OKHMS\NCZI,3`>UK=,<E/99"21Z/D?QJ`/5B6QTE%%%(84444`
M%%%%`!1110`4444`%%%%`'-_#C_DEGA3_L"V?_HA*Z2N;^''_)+/"G_8%L__
M`$0E=)0`4444`%%%%`!1110`4444`<W\1_\`DEGBO_L"WG_HAZZ2N;^(_P#R
M2SQ7_P!@6\_]$/724`%%%%`!1110`4444`%<W\./^26>%/\`L"V?_HA*Z2N;
M^''_`"2SPI_V!;/_`-$)0!TE%%%`!7,^+7,VJ^&]+F4-9W^HD7"MTD$<,DJH
M?8NBG'<*0>M=-5#6=)35[)8O.>VGBD6:WN8@"T,B]&`/!ZD$'@@D=Z`Z-'#:
MQ;ZS/XK\9?V5J&EVEN--MOM":A:-(''ER_Q^8%08SDLCCO@XP<^WOK32_!O@
MOQ]96L]I965E%97\<K^8XL9`%W$@#?LD$;Y`&5W'`SBNXN/`?A.^N'NM2\+Z
M'=WDIWS3R:;$S2.>K$D$\^Y-;KP0R0&"2)'A*[3&R@J1Z8]*%I^'Z_G>P;[^
M?Z?Y'#>(+39X9L+JYA"7.H:]874ZE1D$W$813[JBHN?]FM=@+#XFPQVD05=4
MTZ66[VC`9X7B5'/^UME9<]2%4=%&-75M`T?7XXX]=TFQU-(F+1K>6R3!">I`
M8'!I+/2%MM6N=1FE,T\J+#&`H5((5)(11]3DGN<=```T[:>;_)+]`??R7YW-
M&BBBD`4444`<W8_\E3UW_L"Z;_Z/OJZ2N;L?^2IZ[_V!=-_]'WU=)0`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!S?A+_`)"/BC_L--_Z
M3P5TE<WX2_Y"/BC_`+#3?^D\%=)0`4444`%%%%`!1110`V21(8GEF=8XT4LS
ML<!0.I)["N?T2-]<U'_A([Q&6':4TN!Q@QQ'K,0>CR?F$VC@EA3=1_XJ;6'T
M:/G2[)E;4G'29^&6W]QC#/[%5Y#-CI*`"O-_$,L?AKQ[)XQ=_+M()(]/U1L$
M@6\B+LD/^Y)MY[!WKTBLV+PYHD%W=W4&C:?'<7W_`!]3):H'N.<_.0,MSZYI
M=4PZ'EUQJ>HZ%XF\2W]L8[?4=3MM*#2W,GEK;F:>=1N;8X4JNU02C#(&01FM
M*S3Q*GC#05\3>(BLMH+XRI9RQR1.BB)U\XF",%]KX)55X`QM);/8:CI/A*RO
MY;R^T736O]11XY'73UEGNDV_.I"J7<8`R.>WM6-IVN?#[4$TFSMM+BAMX[@I
MIIN=!FMK>*;)^6)Y(E17)!&`021CK3WVW_K^O.X/>[_K3^O0Y276KO5]%UZT
MUN\GU.QCT^RU&TN=1M;:+<SS.!+$L?*(=JE1)^\7O79)JFJQ_$H6MY>70TV=
MVBM5@2"6U=A%N,<A`\Z*889N2491Q@\53O[/X7:7?W%A>>']$1H$'VMTT0/!
M;*?F`FE6,QQ=`V'8=CW%;.G-X-A:\\0:79Z;#<6\06ZNX;-4G5-BE5;"A\%0
MA`[C;C/%--;H&G?U$D_Y*S;?]@27_P!'QUS_`(E>_P!;\9&#PS;Z7J/VK0KN
MUD.H7#QPK^_5&X6-R^&!!7Y<\\UJZII_A34[N_O?$'@JVN;NUMX)YY;O3[>>
M5HW!&006)V;&!'7Y?E#<9V;+PKX9MKRVU+3M!TF&YAC"V]U!9QJZ)MP`K@9`
MVG'':I2T2?2_XW_S"^K:ZV_"W^1-X;T<^'_"^F:.;AKHV%K';^<XP9-J@9QV
MZ=*M:A86VJ:=/8WT?F6\Z%'7.#@]P1R".H(Y!`(JS15-N3NQ))*R,/0+^Y6:
M;1-8D\S4;)01,1C[7">%F';/\+`=&![%<[E9&OZ5-?10WFF,D>J6+&2T=SA6
MR/FB<C^!P,'K@[6`RHJSH^JPZSID=Y`KQ[B4DAD&'AD4X>-AV92"#]/2D,O4
M444`%%%%`!1110`4444`%%%%`'-_#C_DEGA3_L"V?_HA*Z2N;^''_)+/"G_8
M%L__`$0E=)0`4444`%%%%`!1110`4444`<W\1_\`DEGBO_L"WG_HAZZ2N;^(
M_P#R2SQ7_P!@6\_]$/724`%%%%`!1110`4444`%<)X3U+7M!\&:+H]WX'UR2
MXT_3X+65XKBP*,T<:J2I-R#C(XR!]*[NB@#F_P#A*-7_`.A$\0?]_P#3_P#Y
M*H_X2C5_^A$\0?\`?_3_`/Y*KI**`.;_`.$HU?\`Z$3Q!_W_`-/_`/DJC_A*
M-7_Z$3Q!_P!_]/\`_DJNDHH`YO\`X2C5_P#H1/$'_?\`T_\`^2JK7?CB]L9K
M2&Z\$^($>]F\B`>;8'>^QGQQ<\?*C')XX^E=;7-^*^-8\)L>@UKG\;2Y`_4B
M@`_X2C5_^A$\0?\`?_3_`/Y*H_X2C5_^A$\0?]_]/_\`DJNDHH`YO_A*-7_Z
M$3Q!_P!_]/\`_DJC_A*-7_Z$3Q!_W_T__P"2JZ2B@#F_^$HU?_H1/$'_`'_T
M_P#^2J/^$HU?_H1/$'_?_3__`)*KI**`.6\/KJ5YXSU?6+_1;S2;>?3[.UB2
M\E@9W:.2Y9R!%(X`Q,G4COQQ74T44`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`<WX2_Y"/BC_L--_P"D\%=)7-^$O^0CXH_[#3?^D\%=
M)0`4444`%%%%`!6/K^J7%LL&G:3M;5;\E+?<-RPJ/OS,/[J`CCNQ5<C=FMBN
M)L$\7V>JZAJ%QX?T^[NKJ3:LO]JE1'`I/EQJ/).``23SRS,>F``#JM)TNWT;
M3(K&TW%(\DO(<O(Q)+.Q[LS$DGN2:N5S?]J^+_\`H5]/_P#!P?\`XS1_:OB_
M_H5]/_\`!P?_`(S0!TE%<W_:OB__`*%?3_\`P<'_`.,T?VKXO_Z%?3__``<'
M_P",T`107`C^)&MS:C(D4%II5LT,DA`6.-GF,K9/3E%SS_"M>6V6MV3>'=&&
MD^*X]>O3K@>/PT)(9%8?:G;<!"%E&U?W@:1F08R0>,>FROXEFU*WU!_"=A]J
MMT=(Y%UMU^5L;E($.&'`.#G!`(YJU_:OB_\`Z%?3_P#P<'_XS0M&GV_SN#UO
MY_Y6.<\'>(-)\+6NJ:'XHOHK+61J=U,T-R0);]996:-X5^]-N4JH"ACE=N,C
M%7M8L)KKQ19VFDVZ6;3Z)(7A?"*ABEA:W1]A.`"T@XR,%L9K5_M7Q?\`]"OI
M_P#X.#_\9JM#)XF@U"YOH_"=A]IN5199&UMF)5,[5&8>`,L<#`RQ/4DT+I_7
M2P/KY_YW+CVFL"XU#5(UB9[VRA@AT]HPKP.-W+R^858`R-G:O0<;CUV-.M!I
M^EVMF'+BWA2(,>K;5`S^E8G]J^+_`/H5]/\`_!P?_C-']J^+_P#H5]/_`/!P
M?_C-']?U]X'245S?]J^+_P#H5]/_`/!P?_C-']J^+_\`H5]/_P#!P?\`XS0!
MTE<WJH/AO57UZ$$:?<;5U6,=$P,+<@?[(P'_`-@`_P`&"?VKXO\`^A7T_P#\
M'!_^,TC:EXN="K^%M.96&"#K!((_[\T`=*"&`(((/((HKG/!MIK.GZ?<66L6
MD%K;0RXL(XKHSF.$C_5EBJ\*<A?]G`/3)Z.@`HHHH`****`"BBB@`HHHH`YO
MX<?\DL\*?]@6S_\`1"5TE<W\./\`DEGA3_L"V?\`Z(2NDH`****`"BBB@`HH
MHH`****`.;^(_P#R2SQ7_P!@6\_]$/725S?Q'_Y)9XK_`.P+>?\`HAZZ2@`H
MHHH`****`"BBB@#)U[7ET)+$+I]WJ-Q?W/V:WMK0QAV<1O*>9'10`L3GENU4
M?^$HU?\`Z$3Q!_W_`-/_`/DJCQ1_R,?@S_L-2?\`IOO*Z2@#F_\`A*-7_P"A
M$\0?]_\`3_\`Y*H_X2C5_P#H1/$'_?\`T_\`^2JZ2B@#F_\`A*-7_P"A$\0?
M]_\`3_\`Y*H_X2C5_P#H1/$'_?\`T_\`^2JV]1U*QTBQ>]U:]M[&UCQOGN95
MC1<G`RS$`<D"GVE[:W\`GL;F&YB8`B2&0.IR`1R/4$'Z$4`8/_"4:O\`]")X
M@_[_`.G_`/R561KFIZ]J=WHTL'@?7%6PU`74N^XL`2HBD3`Q<]<N.N.]=W5/
M5-8TS0[/[7K6HVFG6VX)YUW.L2;CT&YB!G@\4`8__"4:O_T(GB#_`+_Z?_\`
M)5'_``E&K_\`0B>(/^_^G_\`R56_;7,%[:Q75G/'<6\R!XI8G#(ZD9#`C@@C
MN*+B[MK01FZN(H/-D$4?F.%WN>BC/4GL*`,#_A*-7_Z$3Q!_W_T__P"2J/\`
MA*-7_P"A$\0?]_\`3_\`Y*KI**`.;_X2C5_^A$\0?]_]/_\`DJC_`(2C5_\`
MH1/$'_?_`$__`.2JZ2B@#)T'7EUU+X-I]WIUQ87/V:XMKLQEU<QI*.8W=2"L
MJ'AN]:U<WX7_`.1C\9_]AJ/_`--]G724`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`<WX2_Y"/BC_`+#3?^D\%=)7-^$O^0CXH_[#3?\`
MI/!724`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`<W\./^26>%/\`L"V?_HA*Z2N;^''_`"2S
MPI_V!;/_`-$)724`%%%%`!1110`4444`%%%%`'-_$?\`Y)9XK_[`MY_Z(>ND
MKF_B/_R2SQ7_`-@6\_\`1#UTE`!1110`4444`%%%%`'-^*/^1C\&?]AJ3_TW
MWE=)7-^*/^1C\&?]AJ3_`--]Y724`%%5[Z_L]+LI+S4[N"SM8AF2>XD$:(,X
MR6)`'-.AO;6XL4O8+F&6TDC$J3I(#&R$9#!AP1CG/2@#`\:6)OH=)%KJT6F:
MG%J"R:>]Q%YL4TPC?]VZ9&04W]"""`0<C!Y>+6;J/0I;*WB?0-;.KRPW5MHB
M0S_;9Q%YCM`\^(T!!#L7`(PR_>.3VB7WACQ=:?98[K2=<MY49_*62*Y1U!VD
MXY!&3@GWQ4DOA7P]/I4&ES:#IDFGVS[X+1[.,Q1-SRJ8P#R>0.YI6=GY_P#`
M_P`OG\AWO;R_X/\`GZ_>>7GQ7XJNO#LFK0^(F@>'PK#K#6XM(&!G^<$9*Y"-
ML.X<G)^5EQ7>?$1B_P`--78]3;`_J*L+\/O!B"0)X1T)1(NUP--A&\9!P?EY
M&0#^`J]J&AZ#<:&MAJFEZ=+I5JH*V]S;QM!"J#@A6&U0!^0JFU;^N[_+835W
MI_6B_P"#]YE>.=8FTO3;;^SM2:TO1=VSF-$1O-@-Q'%(&#*<+B7J,'..>M8#
M>(-<34KR.VUH36]MXK@L&\RWC9C!)'$6A#*`!AI&Y(+8&,YYKJ[#PCX4MK&=
M-+\/:-%:W\069;>RB5+B/J`VU<,O/?(YK*U.S^&GAVYBAUFW\*:5,?+FB2[2
MVA8^7E4=0V#\O(!'3D"A>Z]?ZU7Z+\6#UBTOZT_S8WPUJFJR^,K^SUB\NG21
M)9;1`D#VDD:RA=T,J`.&4%5=),D$\$BNSKE[74?`6@Q#5[*\\.:;'J[DB]AE
M@A%ZP)S\X(\P@D]SR36GJ7BCP_HUTMMK&N:;87#1^:L5U=QQ.4Y^8!B#C@\]
M.#2V278-VV:M%5=.U.PUBQ2]TF^MKZU<D)/:RK*C8.#AE)!P>*M4`<WX7_Y&
M/QG_`-AJ/_TWV==)7-^%_P#D8_&?_8:C_P#3?9UTE`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`'-^$O^0CXH_P"PTW_I/!725S?A+_D(
M^*/^PTW_`*3P5TE`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`'">$]2U[0?!FBZ/=^!]<DN-/
MT^"UE>*XL"C-'&JDJ3<@XR.,@?2M?_A*-7_Z$3Q!_P!_]/\`_DJNDHH`YO\`
MX2C5_P#H1/$'_?\`T_\`^2J/^$HU?_H1/$'_`'_T_P#^2JZ2B@#F_P#A*-7_
M`.A$\0?]_P#3_P#Y*JMIWCB]U;2[34M.\$^()K2\A2>"3S;!=\;J&4X-R",@
MC@@&NMKF_AQ_R2SPI_V!;/\`]$)0`?\`"4:O_P!")X@_[_Z?_P#)5'_"4:O_
M`-")X@_[_P"G_P#R57244`<W_P`)1J__`$(GB#_O_I__`,E4?\)1J_\`T(GB
M#_O_`*?_`/)5=)10!PGBS4M>U[P9K6CVG@?7([C4-/GM8GEN+`(K21LH+$7)
M.,GG`/TKNZ**`"BBB@`HHHH`****`.;\4?\`(Q^#/^PU)_Z;[RNDKF_%'_(Q
M^#/^PU)_Z;[RNDH`I:U_R`-0_P"O:3_T$UYOI(.EZ=?_``^)81E#=VG!P-/D
M!=USZ*X:+V#I7IM]86>J64EGJ=I!>6LHQ)!<1B1'&<X*D$'FJ_\`PC^C#3AI
MXTBQ^Q"$P"V^S)Y8B)R4VXQMR,XZ5+C=-=_^#_7I<I.S3[?\#_@_.QY=HVKZ
MU8>!=.BM=7^QVL7@=+Z`16\>^*:-4^8LX8,"#C&``,]^1=N_%/B32(+^VGU:
M*[GFMM,>*YGC2VCM7N9)(WPRQOM4;!M+K)ACSN'%=LG@3PC$C)%X5T1%:,Q,
MJZ=$`4)W%3\O3/..F>:EM_!WAFT:9K7PYI,)G@^S2F.QB7S(<`>6V%Y7``VG
MC@5HW=M]_P#-O]4OD1%65OZV2_1_><98S>.#XCTC1M8\1VL*R?:_M#6,4<\S
M!/+=-TK1(@8!PIVQ`8SW(*UI]<N]3U[4=-O+V;5="O\`3M2?_2K6W2U)A=%"
MQ`?O2$W,K&7AB-R\5UUA:^`VUZ&PTN#PZ=7TI6$-M;I!]HLUSEMJK\T8RQSC
M'+>]6I?`WA*>XEN)_"^BR33,S22/I\19V;[Q)*Y).3G/6LY+FC;R?XEQ=G\S
MEH=6U2TN_#.R]N8]&>ULHW-DD$R"208"W"L/-57^4(\9P#G<.YU?&<>H2^*O
M"BZ1=6UK=&YN=LMU;-.@'V=LY170GC_:_.MN#PGX=M;VUO+70-+AN;-/+MIX
M[.-7@3GY48#*CYCP/4^M+JWA7P]KTZ3ZYH6F:E+&NQ)+RSCF95SG`+`X&>U:
M2=V_5O\`K^O^#G&-DEY(\\TW29O$.B>,]*A$!U[3]:^V17UN0+=[Q41XV1<?
MN\;55T)<C+99LDUTV@ZM!XQTF7Q/'`T4?V%K:!)5PT3$9G'_`'VJH?>(^M=1
MIVF6&CV*66DV-M8VJ$E(+6)8D7)R<*H`&3S1<:987FGRV%W96T]G+D26\L2M
M&^3DY4C!R>?K6<E>+BNWZ6O\S2+M)2\_UO\`U\S)\!*%^'/AQ5``&EVV`.W[
MI:Z"JNG:98:/8I9:38VUC:H24@M8EB1<G)PJ@`9/-6JTG+FDY=S."Y8I=CF_
M"_\`R,?C/_L-1_\`IOLZZ2N;\+_\C'XS_P"PU'_Z;[.NDJ2@HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#F_"7_(1\4?\`8:;_`-)X*Z2N
M;\)?\A'Q1_V&F_\`2>"NDH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KF_AQ_
MR2SPI_V!;/\`]$)725S?PX_Y)9X4_P"P+9_^B$H`Z2BBB@`HHHH`****`"BB
MB@`HHHH`****`.;\4?\`(Q^#/^PU)_Z;[RNDKF_%'_(Q^#/^PU)_Z;[RNDH`
M****`"BBJ][?VVGQ))>3"-7<1H,$EW/15`Y)]A0!PVMSSV6N^.KVQNVLKJVT
M*UFCN8U0LA3[2PX=64CCN.A/UJBWB7Q!IIO+6_UOS?.@TN3[:UM$@LC=2O'(
MRC&-HV@KOW8)Y+#BKLNL?#2XOK^XO-#A62:7[+?WEWX;F1"Q9?EFF>$*!G8?
MG;'0^E:.D6_@.Y\0ZIH^DZ#8QZA:VXM[Y1HIB7R6``C+F,*Z$`84$@@<9`HC
MW]/PU?WW6H/JOZZ?Y/0WM"@O+6SEMM0U=M7EAG91<R0)$X4X95<(`K,`<;E5
M0>.,YK3KB--\4^!K>;2K;3-/EMF\^6RT]8_#]S$(Y,_O8T/D@)RIW=!\K9^Z
M<==8:C::G;&>PG6:,.T;$<%'4X96!Y5@1@@\@TPVW+-%%%(`HHHH`YOPO_R,
M?C/_`+#4?_IOLZZ2N;\+_P#(Q^,_^PU'_P"F^SKI*`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`.;\)?\A'Q1_P!AIO\`TG@KI*YOPE_R
M$?%'_8:;_P!)X*Z2@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"N;^''_)+/"G
M_8%L_P#T0E=)7-_#C_DEGA3_`+`MG_Z(2@#I****`"BBB@`HHHH`****`"BB
MB@`HHHH`YOQ1_P`C'X,_[#4G_IOO*Z2N;\4?\C'X,_[#4G_IOO*Z2@`HHHH`
M*YF_:1_B=HT4P_T9--NYHL]/.#PKGZA&8#V9JZ:J6I:5;ZG]G:8R1RVLHF@F
MA?:\;#C@]P02"#D$$@BA;I_UM8'M8\5UK7=)GTGQF;+QK!+/-J4GV?0(Y8)8
M]1.V("/;&!.V\C9\D@'L0"#W7B%M1T77=&\4:=IK-/J$"Z7?VB`MM9_F@=L=
MDDRI/]V0GM7>T4+1)=K?E9_>ONZ`]W\_Q=_P9P>OW>E:!XE\#:9=:G;0S)=R
M8%Q.J/*6MY5WD$\EG8#/=FQU-;&F%X_B)K\4*@6SVEI-)CO.?-5C]=B1?@%K
MI*IZ;I=OI<<PA+R2W$IFGFE;<\KD`;F/T`````````%.X6+E%%%(`HHHH`YO
MPO\`\C'XS_[#4?\`Z;[.NDKF_"__`",?C/\`[#4?_IOLZZ2@`HHHH`****`"
MBBB@`HHHH`****`"BBL74?&?A?1[Y[+5_$FD6%U&`7@NK^*)UR,C*LP(R"#0
M!M45S?\`PL?P/_T.7A__`,&D'_Q5'_"Q_`__`$.7A_\`\&D'_P`50!TE%<W_
M`,+'\#_]#EX?_P#!I!_\51_PL?P/_P!#EX?_`/!I!_\`%4`=)17-_P#"Q_`_
M_0Y>'_\`P:0?_%4?\+'\#_\`0Y>'_P#P:0?_`!5`!X2_Y"/BC_L--_Z3P5TE
M>=^&/'W@ZWO_`!&T_BS0XEFU9I(B^I0@.OD0C<,MR,@C(]#70?\`"Q_`_P#T
M.7A__P`&D'_Q5`'245S?_"Q_`_\`T.7A_P#\&D'_`,51_P`+'\#_`/0Y>'__
M``:0?_%4`=)17-_\+'\#_P#0Y>'_`/P:0?\`Q5'_``L?P/\`]#EX?_\`!I!_
M\50!TE%<W_PL?P/_`-#EX?\`_!I!_P#%5IZ1XBT7Q`LK:#K%AJ8A($ILKI)O
M+SG&=I.,X/7TH`T:***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@#@/%-Q>7>J>(WBU"[L_^$?TJ.[LUMYVC5IF$KEY%!`E7]VJ
M[6ROWN,G-=CF35-!#1SRV4EU;AA+!M+Q%ESE=RE<C/<$>U<1J6K>%/$LJ:C&
MWB0V]W;K%<?8]`O'AU&WR65'/V=MR?,Q#(02'/.#6K)XNTYTO%2;Q3&+A<1;
M?#-W_HORXS'FU.>>?GW<^W%2TW%K^NOYZ?</JG_73\M?O.>:#Q)K?PD\+2Z7
M+J=[<-:*]R;:_P#(N)7,#"-VE+KD"0JS#//HW0]%%XKL[?5;"'6M0:)WC$4`
MCC<I<2;E1IG*@A(RY"(7*@DG&<K6?HVK:)HOA.#P_#-XNFMX(Q"D\OAV\$HC
M'\.4M5'3C.,X[YYJOJ\WA75]4L[V2#Q1;BVC2%X+?P[?+'<1I(LB(X-L2`KJ
M"-I4\D$D'%:-KGOT;_K^O\D)[?U_7]>;/1Z*YO\`X3S2/^?/Q!_X3FH?_&*/
M^$\TC_GS\0?^$YJ'_P`8J0.DKF_AQ_R2SPI_V!;/_P!$)1_PGFD?\^?B#_PG
M-0_^,5A^"O%EEI'@'P_INH:=X@AN[/3+:">/_A'K]MCI$JL,B$@X(/(.*`/0
M*\JUKQ)]F\6:E]IUF:SUVTU6T@TS2S=LD=Y:2&-3B#(67<7ER^"5*]0%KL?^
M$\TC_GS\0?\`A.:A_P#&*RCK^BRZU_:-ZWBN\$;;[:UE\.WHAMFQ@LH6V!8^
M[EB,G;C)H7Q)_P!=`>UC#T?Q)YGBRQ#ZS,?$,^LW-EJ&C27;$);*)2C+;DX0
M!4B82*HW;CDG=6WXYU.UM_$>EV'B#6)M$T2XM;AQ>Q7K68-TI38C2@C'RF1@
MA.&(Y!P!2V>OZ+;ZG)J%VWBO4;H[A"]UX=O<6R,<E(U2V50/]H@N1P6(`J*[
MUO3+^VMK:^O_`!E-;QJ5N(AX<NHQ>`_\]"EH&'T0H"."""12L[)?UM_3]>X^
MK?\`6_\`2]#(TRZ\4WUUX?\`$E[)>&Q:RMIIIXKD);[=DOFA[?<"\DA:(KA&
MP<`%<8/9:#XCLK[6+O3YKQSJNXO):E7\N$*%S&CXV.RATW[6)#-S@8`IS>+-
M"FDM2UIXA6*U;<D"^&[\(2!A21Y'\/8=,\XR!C*T^Z\,:=XFGUJ&+Q4SRO+(
MEL_AZ^,,#R[/-9`+<-EO+4G<Q`YP!DU5_>?;7^OZ_5DVT^[^OZ_1'HE%4M)U
M:SUS34O]-D=[=W=`9(7B961RCJR.`RD,K`@@'(J[2&%%%%`!1110!B>)-$O=
M7;2KC2K^WL;O3+TW4;W-JUQ&^8)82I59$/28G.[J!UJM]A\<?]##X?\`_!#/
M_P#)E=)10!S?V'QQ_P!##X?_`/!#/_\`)E'V'QQ_T,/A_P#\$,__`,F5TE%`
M'-_8?''_`$,/A_\`\$,__P`F4?8?''_0P^'_`/P0S_\`R97244`<W]A\<?\`
M0P^'_P#P0S__`"96;=7/CBV\2:=I7]M^'V^W0SR^;_8DXV>5Y?&/M?.?,]1C
M'?-=M7-ZK_R4?P[_`->5]_."@`^P^./^AA\/_P#@AG_^3*/L/CC_`*&'P_\`
M^"&?_P"3*Z2B@#F_L/CC_H8?#_\`X(9__DRC[#XX_P"AA\/_`/@AG_\`DRND
MHH`YO[#XX_Z&'P__`."&?_Y,H^P^./\`H8?#_P#X(9__`),KI**`,3PWHE[I
M#:K<:K?V]]=ZG>BZD>VM6MXTQ!%"%"M(YZ0@YW=2>E;=%%`!1110`4444`%%
M%%`!1110`4444`%<WX7_`.1C\9_]AJ/_`--]G725S?A?_D8_&?\`V&H__3?9
MT`=)1165HGB72O$1O%TFX>22QG^SW,4L$D,D3X!P4D56Z$$'&#VH`U:*Q;3Q
M;H^H:E>6-C+<W$UC<BTN#%93-''*?X3($V\9&3G"Y&<5M4=+AUL%%%<S>?$+
MPYI^IW%A?W-W;26LB1SR2Z;<K#$7.U"TQC\M5)Z,6P?6CK8#IJ*ACNHY;F:!
M%EWPA2Q:)E4[AD;6(VM[X)QWQ4U`!114$5[!+YG+Q^7+Y)\Z-H]S<?=W`;@<
M\$9![&@">BBB@`KF['_DJ>N_]@73?_1]]725S=C_`,E3UW_L"Z;_`.C[Z@#I
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#F
M_AQ_R2SPI_V!;/\`]$)725S?PX_Y)9X4_P"P+9_^B$K5UK5[?0]*DOKI))%5
ME1(H@"\KNP5$4$@;F9@!D@<\D#F@"_16+8^(VOX[Q5T74X;RS"&6RF6)9#OS
MC:V_RVX&<AR.V<@@6;#6[;4=6U+3H8KA)=-=$E:6(HKEUW`H3]X>_3/3-`&C
M1110`45D:SXA32+NULX=/O-3O;H.Z6UGY>\1IC?(3(Z*%!91UR2PP#3].\0Z
M?J45DT4CPR7PD,$%PACE81G#DH>1CC.<8R`<$XH`U***"<`D`GV'>@`HK,\/
MZY%XBT@7\%M<6H\Z6%H;G9O1XY&C8'8S+]Y3T)K3H`**R[378KOQ)J.B_9;B
M&>PBAF,LFSRY4DWA2F&)X,;`[@IX[CFM2@/(YOP'_P`BY=?]AK5?_3A<5TE<
MWX#_`.1<NO\`L-:K_P"G"XKI*`"BBB@`HHHH`*XZ[TN/7OB/J=I?WFII;VFD
MV4L,5GJ=Q:J'DFNP[$1.NXD1H.<_=KL:YNQ_Y*GKO_8%TW_T??4`'_"!Z1_S
M^>(/_"CU#_X_1_P@>D?\_GB#_P`*/4/_`(_7244`<W_P@>D?\_GB#_PH]0_^
M/T?\('I'_/YX@_\`"CU#_P"/UTE%`'-_\('I'_/YX@_\*/4/_C]1/\.M!DN8
M[AY=<:>)66.4^(;\L@;&X`^=D`X&?7`KJ:*`.;_X0/2/^?SQ!_X4>H?_`!^C
M_A`](_Y_/$'_`(4>H?\`Q^NDHH`YO_A`](_Y_/$'_A1ZA_\`'Z/^$#TC_G\\
M0?\`A1ZA_P#'ZZ2B@#F_^$#TC_G\\0?^%'J'_P`?K)\1^'+70+"RU#3+_6TN
M%U;3HOWVN7DR%)+R&-U*22LK`J[#D'K7=5S?CS_D7+7_`+#6E?\`IPMZ`.DH
MHHH`****`"BBB@`HHHH`****`"BBB@`KF_"__(Q^,_\`L-1_^F^SKI*YOPO_
M`,C'XS_[#4?_`*;[.@#I*\GAU>WL?%,_B'PM/!JHU"ZETF]2RD64),79K61]
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MY6\PNPD\S=.P(C&UBV`>!S7L-9GB+1(_$GAZ]T>>ZN+2&]B,4LMMLW[#]X#>
MK#D9'3OQ@\TEIK_6UAQLFNW_``3S+7M?MM#U'5;6^\0W-G/'K^G75O%+J<H*
MVS^0)FP7_P!1DR@@_NP>,#BH+RZTW4&2?5_$<UU;:;XR>,W;ZH8A;HT)PI:-
ME50&RHZ8R1W.?8K2!K:SA@DGDN6C0(9I0H>0@8W':`N3[`#V%2TUHUY?HX__
M`"/XDZN-GV_1K]3Q%_&-H/&.H);>*FT^WN;34DDDOM6>=XIHY$"EK4`+`%&_
M8$.YD&XX(-=Q\.M<LKC2/L<E_&UU)<2^2IUDZ@MPJA=SV\SG?)&,C.>5;<IZ
M5VU5Y;*":^@NY`YEMPPC_>,%&[@G9G:3C@$C(!(!&3E1T5O*WXW'+7[[EBN;
ML?\`DJ>N_P#8%TW_`-'WU=)7-V/_`"5/7?\`L"Z;_P"C[Z@#I****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#F_AQ_P`DL\*?
M]@6S_P#1"5;\6V]K>>&+JVU#29-8M9BD<UI$#O9"Z@LN.<J/G&,'Y>.<54^'
M'_)+/"G_`&!;/_T0E=#-(T4$DB1/,R*6$2$!G('0;B!D^Y`]Z3&MSR34K74+
MCP!XDL@_B+5M(C\EM+-[9W*WIDW9>,KL666-3L(9U/4@E@N:V-6T2W\:W_BW
M2KC3;CYXK66SGOM/D6$S(K%2K.N&PQ`8#J"1TS5^/XGVJZ9%JNH^'=;T[2'E
M:)]1G2W>*$ABI+B*9W5=RD;MN!QDXYKME8.H92&4C((/!%-Z_P!=25H[H\KU
M_1)]4T*PU74=%NK!-6NDFUNWL+&*ZG1!$4B#PO%)YJJV"1L8J3D?=X7PCX8T
MVT\?VZRV&LW<=KI$*VESJ]M*RHR2N4P2BQ(ZHRX``9=S#AM]>J44UH[K^M+`
MUI;^M[G'>/++3KV2P_M.RUA#"LKP:OHJ2O<6,GRK@")68APQR-K+\GS#IC`6
MRNY]4\'ZUXJT:34=0ABNXC=+IA,N=R_9V<*I\EBHW<[0C,WW:]0HJ;:6*/GA
MK&,V6I1'PIJ5M!>P:=+#:V7AZ^1H)DN&,I:0J6>9$;F?Y2_;FNC6UAAO+ZS7
MP[J,GA:/7Q-=6`T>?9)"UJJJRPE/WJ"X4LP4-SAB,'->R5SD?C2VEU`P1Z9J
M36AO/L4>H+&C023!MC+PY=0&#`LRJN5(!)(!I;V7]:K_`"2$]F_ZV_X=GD6H
MZ>LWP_&DV'A.^#0'56L7N=!O)1`6G+Q)%$`OENRLA69N$VE0"2P'16.F27Y\
M:ZGH6EZHNMS0(]A<ZA:7,,@8VZI)Y+3J-C$@K\I'1>P7'KI(526.`.236=X?
MU_3_`!/HT6J:1*9;65G16*X.48J01VY!I;IH=];^?_!.)\`6^D6OCG5W\/\`
MAZ]T:RN]-M"%ET>>S1I4:7>"715+@.F>3GDC.":](HHIMW)M_7RL<WX#_P"1
M<NO^PUJO_IPN*Z2N;\!_\BY=?]AK5?\`TX7%=)2&%%%%`!1110`5S=C_`,E3
MUW_L"Z;_`.C[ZNDKF['_`)*GKO\`V!=-_P#1]]0!TE%%%`!7BW^G#Q=/I6EW
MFO6M^VO%++4;S69I++RHUCDD@,;2OO<H7PK(,YR&^4X]IKD3\.[273-4LKW6
M=5NAJ-TMX)G:&.6TN!C$L+1Q+M8;5ZY'R].3D6DN;^MU_P`'\@>L;?ULR*Z\
M=S'QC_8=EHM_<6HN!:3ZA!;SMY$A3.X'R3$44E029`0<_*0,FGX=UFX@C\)V
M-['?ZA+=?:U_M"6\Q\T>\X=`1YC$+QD;5ZC'2MBR\$I8W\MU%KNK-]H99;J)
MFAV7,RC`F8"(;6X7(3:IVC*GG,-E\/H+.+28SKNKW":6\[1B5H,R><"&#E8@
M>`S8VD$9]AA=//\`K^ON]!/5^1BGXI7J)JB'0[&>\TPVQGM;36$F9!-*T9C9
MA'M696490G;S]^I[SQMXCDN+6ULM(L+>ZCUQ=-O8YKYF4J8!,I1Q%W5AG*\$
M$#.=P0_".V^S);KXJ\0)$EM;VH5?LG^J@<O$O_'O_"Q^I[YK3/P^B,]U<'Q!
MJYGN-0341+BVS%,D?E_*/)Q@IA2&!^Z",')-+=?+\U^EQO9V_K3_`#.NHHHI
M`%<WX\_Y%RU_[#6E?^G"WKI*YOQY_P`BY:_]AK2O_3A;T`=)1110`4444`%%
M%%`!1110`4444`%%%%`!7-^%_P#D8_&?_8:C_P#3?9UTE<WX7_Y&/QG_`-AJ
M/_TWV=`'24444`%%0WEY;Z?9R75[,D$$0R[N<`?Y/&.]<[=_$3P]975W;W!U
M4262A[G;HEXZQ*02&9EB(`P"<YQP?2E<#J*\:U?Q-H_]@^,9K/Q/#9S1^(K<
MI<66HA'3<L"$\'##"R<,"OR-D':<>NV-_::I80WNG7,5U:SKOBFA<,CCU!'6
MHK/6=/U#4+ZRLKI)[C3W6.Z1,GRF8;@I/3..W:G:S_KNG^@732_KH_\`,\KB
M\16"W6H:9-XGG?0+;7Q#=W:ZLYDMX6M59`]P&WQQFX##=N`!&S(&17I/AVZL
M%TVTT^UU=]1DCMQ)&]U.LEQ+#N*I*Q&"RG'#X^;&22<UL44[Z6]/P5@>]PHH
MJ"^OK?3;&6\OI1#;PKNDD()"+W8XZ`=2>@&2>!2`GHI$=9(U>-@Z,`593D$'
MN*6@`KF['_DJ>N_]@73?_1]]725S=C_R5/7?^P+IO_H^^H`Z2BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`YOX<?\DL\*?\`
M8%L__1"5T,TJP023.'*QJ6(1"[$`9X5023[`$FN>^''_`"2SPI_V!;/_`-$)
M724`>20ZE=7WPKN/"NG:#K,NK:DMW;(ESI5Q;0PB620B2265%0*%8'`)8G``
M)JE?:%'X;6[TH:%?7C0ZSI>H07%II,DJ[(UMUFF#(A&\E)-P!+G<3@@DU[11
M0O==UY?@[H.EO7\3R"QTG3;;P9K\Z^&+^]FN=8=&^W6%V\I@>X#JY1AYLT0^
M^T:\,=P."S&L71]+L);G2K77/#.HS16?]JI+M\.W<<'E/+O@C";&_=D998R6
M"G'\6*]SO+AK6RFN$@DN&B0N(8BH>3`SM&XA<GW('O4&BZK!KN@V.K6B21P7
MUNEQ&DH`=5=0P!`)&<'L32Y;QY>R2_"WZ,J[O?SO_7W_`((\/U.PBU7P[HUK
MK^E7=S_Q3]M;SRZCI-Y-)I;HS"26-%@<[SM.=_E[@B$,RDXZ&[TS[=K-S]BT
MB=]4:^LKCP]J]O9L88;$+%E%F`VQ(%6;=&2N[?P&+"NP\7:;X;L]VM:S%?/-
M.8[<6UE=SI]O?)"1&%'5)2<D?.",?>(4'&CI'B&.\OQI4ND7^DW20&86]U$@
M41@A1M>-F1NHX5B1WQD9M2O)OK=_G?[_`-+]R&K?U\ON_6QHV.HV^HI,UMYH
M\B5H9!+`\3!AUX<`D<@@C@@@@D5Y\;>:S\9I=>%[36M*O[G4C_:-@UM*^G7D
M/F;7N"Y7RHY"BAP596)X(;-=1HFOV4OBG5?#=GH=UITFG@7$LC)"D,WFL2'0
M*Y9MQ#')4<@YP>*O^'];;7K"2Z.F7NFA)Y(!'>^7N<HVTL/+=QMW`@'/.,]"
M"96ZE_7]>7;[QO9HQ_%VJS7>CKI6E17J3ZE=&P-PVE7$L=NN<2.X`4["/E#9
M`)8$-@$C`\,RZIX/\?:[I>KP7%[8:C&-22[TS1;E+:&<+B6,#,@RRHK`!CEL
MC`)`/I=%"TU_K^KZ@]=/Z_JV@V.02Q)(H8*ZA@&4J<'U!Y!]C3J**`.;\!_\
MBY=?]AK5?_3A<5TE<WX#_P"1<NO^PUJO_IPN*Z2@`HHHH`****`"N;L?^2IZ
M[_V!=-_]'WU=)7-V/_)4]=_[`NF_^C[Z@#I****`.)^(,,FFW6C^*1?7\5GI
MEV@U&WAO)8XI+=SM\QD5@I\MF5SD<J&!R*-0U&+1+W5_%0?4;P.\6GVEBES/
M+#)*"%9UA4/M^8[250D")B`2QSU]]96^I:?<6-[&);>YB:&5#T9&!!'Y&LF?
MP?IDWA&V\.IY\%K:)&+:6*3$T+QD%)`W]\$`Y(()Z@@D4EI_7??^O,?]?Y?U
MV1S=M\1-=O)+*"'P@T=Q=K<@)=W,ML%:':=V)8%<QLK+AMN[)P4P"U5I?B+K
MS&;5;'1[&728_#D6LK!-?-%-\VYF!(B89`4@#IQG/.%WYO`IGU&TOW\3:U]K
MMHIHO._T;]YYH`9F4P[<@*@&T`#;TY;,5G\.+&SLX+0ZKJ<]O'I9TF2.4P8G
MM_FVA\1`Y4.0"NW.!G=SDUW_`*V?ZV!6Z_UJOTN5]9^(-[H\VI(OAXWHM([&
M:,6]XH:1+F1DRP=5"E2AX!;.5^[R0FK_`!`U#1]2M]/;PW/?72+&]\FGBYN1
M`KN0`CI;E68*"Q#F/C&">Q/\+X[DSM+XKU]I+F&"&9R;4EU@<O%P8,#:2?N@
M9[Y/-;5YX1@NM:&J1:EJ%I/)"MO>+;N@2]C4DJ)`4.",M\R;&PQ&>F*TOY7)
MUM\O\O\`@D'AWQ;)KWB#4]/^R6L,=@S(P%YNN48-@"6`HIC#`;E(+*1WKIJP
MM+\+1Z=K<FJ3ZE?:C<&-X83=^4?L\;OO**R(K,N0,;RV`.,9.=VDMEW_`*_K
M^KCZL*YOQY_R+EK_`-AK2O\`TX6]=)7-^//^1<M?^PUI7_IPMZ`.DHHHH`**
M**`"BBB@`HHHH`****`"BBB@`KF_"_\`R,?C/_L-1_\`IOLZZ2N;\+_\C'XS
M_P"PU'_Z;[.@#I****`.9\4M(VO^%8&&;234V,P[%EMY7C!_X&H(]U%847C?
MPMHOQ"\5/JOB+3+7RX+52DEV@<LBR;U"YR6&1\H!/(XYKN-4TRVU>P>TO`^Q
MBK*\;E'C=3E75AR&!`(-6D4K&JLY<@`%FQEO<XXH![I_UU_S/"(X-4LM-@L[
M[6F\&:3JMYJ%]9RW<<T/DEY088F,<T6Q]I=Q&Y(.2"I*\;][XGTVV_X2.+4-
M:?[7''ID5S);W`LG#MQF1QDP(20'8?,@8X^;%>LT4K:*/]?U;0/M<W]:GB^A
MWMUJ6A6&I1ZM?Z@L5_>Z-<6]CK,\P022.+=S("K,5.P"1@&VN&[#%_[0^G>"
MI+SQ#J&L6\FG"+199SJDT"7$HG`:9Y&9A&C';F89=59P#D`5ZS13_K^OQ^_R
M#K_7]=ON\SP_PIKT&O:_X?TN\\9S$B;4H9=/M-<+[PDV809?EFD^4?*Q(+*O
MH6!Z'PA=:A?^/)KB]\4#[8L]S%>>'S#-YD488^6S*TY1%"A-LB1+OW#));->
MGU!>6WVRSDMS--`)!M+P-M<#OANV1QD<C/!!P:/^"&YA^`RX\*+&RA88;NZA
MM@.@@2XD6(#V"!0/8"NCJ&TM(+"RAM+.)8;>"-8XHT&`B@8`'X5-3>X!7-V/
M_)4]=_[`NF_^C[ZNDKF['_DJ>N_]@73?_1]]2`Z2BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`YOX<?\DL\*?]@6S_\`1"5T
ME<W\./\`DEGA3_L"V?\`Z(2NDH`****`.#\>VL-SKVGCQ#H]QJ_A\VEPAAAL
M'O%CNCMV.\2*S?<#A6VG:2>1FN(T_P`.S:I9^'8];MO$=H+72;.+3?LNF+F&
MYB.)%9I8&>V;<$_>9164#D@5Z3K7Q!TW0[(7]Q9WTVFB[^R2W\*)Y43;MK,=
MSABBG(+*I`VGTJ]XH\56?A73[:YNK>YNWN[J*TM[>T"&2621MJ@;V50,D<D@
M41T6G=?K_P#):?('K]W]?EK\S,\=6%Z;CP_KEE:2WXT2_-S<6D',CQ-$\;,B
M_P`3+OW!1R<$#G`.I:>)X;U);B'3]32RB"JTT^G3Q2-(S`!5A9!(P&<E]H49
M')PVW:1BT:LR%"0"5;&5]CCBH[J:2WM7EAMI;IUZ0PE0S<]MS*OYD4;:!OJ<
MIXPTS5H=>TG7_#,`EO1NTZZ7C'V>7&)#Z^7(JOCT+CO71V_V;3$LM+A2;`BV
M1$0NZA4`'S.`54\C&X@GG&<&KM5[Z[%C8RW3033K$NYH[=-[D=\*.6('.!DG
M&`"<"B]E_7];W?S#=EBBH;2[@O[*&[LY5FMYXUDBD0Y#J1D$?A4U#5@"BBB@
M#F_`?_(N77_8:U7_`-.%Q725S?@/_D7+K_L-:K_Z<+BNDH`****`"BBB@`KF
M['_DJ>N_]@73?_1]]725S=C_`,E3UW_L"Z;_`.C[Z@#I****`"O-/%$]WIGB
MJ]N/$%UK6G:=<M%'IVL:?<.UI:*5`:.X@!PI+Y_>LI&'&'0J,>EUSFI^#(-4
MN;PR:MJ4-GJ#!KZPC>,PW("*A4[D+J"J`'8RYYH7Q(.C-V[O+>PL9[R\E6*W
MMXVEED8\(BC))]@!7`?#KQPNN>)-8TFXUFRU.21$U.T-K<)*(89!M:`[2>8V
M`!]=X-=5K?AQ];L;BT?6M1M(9I8Y`ML(!Y83!V#=$V48@%@V[/(^Z2*BU?PC
M%JWBC2=>_M2_L[K2@ZQI;&()*KXWK)NC)*D`<`CH",$`T+1W?]?T[?TP?P_U
M_7<SO$MS<ZGXXT?PLES<V5E<VL]]=RVLS0RS")D58ED4AD!+Y)4@X`&0":W-
M&T671[BYQJE[>6L@000WDIE:W"YR!(?F8'(.6);CEB,`5=3\)PZM;Z>USJ5\
MFIZ<Q>VU6(Q)<(3PW`3RR&'!4H5/'&0#5BQT%[)5?^U[^XNFE62XNIO*+W*J
M"!&P$854&>D:ISDYRS%A:*W];_HOZU![_P!?UK_6QKT444`%<WX\_P"1<M?^
MPUI7_IPMZZ2N;\>?\BY:_P#8:TK_`-.%O0!TE%%%`!1110`4444`%%%%`!11
M10`4444`%<)IOBSP[H/BWQA;:YK^EZ;</JT4BQ7EY'"[(;"T`8!B"1D$9]C7
M=T4`<W_PL?P/_P!#EX?_`/!I!_\`%4?\+'\#_P#0Y>'_`/P:0?\`Q5=)10!S
M?_"Q_`__`$.7A_\`\&D'_P`51_PL?P/_`-#EX?\`_!I!_P#%5TE%`'-_\+'\
M#_\`0Y>'_P#P:0?_`!5'_"Q_`_\`T.7A_P#\&D'_`,57244`<W_PL?P/_P!#
MEX?_`/!I!_\`%4?\+'\#_P#0Y>'_`/P:0?\`Q5'AK_D:?&'_`&$X?_2*WKI*
M`.;_`.%C^!_^AR\/_P#@T@_^*H_X6/X'_P"AR\/_`/@T@_\`BJZ2B@#F_P#A
M8_@?_H<O#_\`X-(/_BJ/^%C^!_\`H<O#_P#X-(/_`(JNDHH`YO\`X6/X'_Z'
M+P__`.#2#_XJJ/AS6M+UWXD:_=:'J5GJ5NNDZ=&TUG.LR!Q->DJ64D9P0<>X
MKLJ*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`YOX<?\DL\*?]@6S_`/1"5TE<W\./^26>%/\`L"V?_HA*Z2@`J*Z65[.9
M;<[93&P0GLV./UJ6BE)730T[.YYS;-9R_#/PIINH6=[<Q3116UU%;V<UQMQ$
M8Y1(8U;;AB02V.<^AK$U2WUN#PWI\.N:=J-Q/H^JV=G;R6UI+=-<00W*2/<D
M1JQ`:-(^N/F1@,Y%>L6NGVEE-<RVD"PM=2>;-LX#OC!;'3)P,GOCFK-5=\W-
MYW^>G_!^\FVEO*WY_P#`^X\8MO#]DU_JNJ^*=+\1:A??Z4+ZR724>&\@<DQA
M9%@#3<>5L0R%HR.=H0XJ_P!AKI?@?Q+H-SH>IS:G'';M#?6>F3XNXE">3%NB
MB4.8A\A&,'&XC)8+[C126FPWKO\`U_7^78\[_LVWNO&U_-J6BW<NMFZ2XT?5
M#:RA(H/)50OG*,1A3YFZ)B-Q/W3NJGX"TN6/6](NK?1[S2KV#3Y8?$<EQ:M$
M+NXRFUC(0!<,661A(I;ACDC<`?4*AO+.#4+.2UNT\R"4;9$R0&'<''4'H1T(
MR#P:%HM/ZTM_P_=AOO\`U_73L87@,.?"BR,P:&:[NIK8CH8'N)&B(]BA4CV(
MKHZ1$6.-4C4(B@!548``["EIL`HHHI`<WX#_`.1<NO\`L-:K_P"G"XKI*YOP
M'_R+EU_V&M5_].%Q724`%%%%`!1110`5S=C_`,E3UW_L"Z;_`.C[ZNDKF['_
M`)*GKO\`V!=-_P#1]]0!TE%%%`!7.37#ZSXSN='^T3PVFG6<<TZP2F-II)BX
M4;U(8!5C)X(R6'I71UB3:-<IXIFU.QE6*.^LQ:W3;L21E"QBDC!5E)!D8$-Q
M]T\XP0.G]=SS?P?=WZZMHLVF77B*:.*6^&MS:E)=RV?V=&<1[7G)4N"$`\HD
MX#[JV1\6;\Z?<WB>#=3DA7R'MWVRP+(DD@3YFGBC4.`RG:AD!SPV`6'8>'?#
M47A_0GTDW]WJ5NSR-F]$6X!R2R_NT0$9+'D$\GG&`,>3X<6[Z%_9"^(-:2SC
M*"V3?`QM8T<.L:%HB2N53E]S80#=C.3U_KO_`%ZA_7]?UV(M3\<:SH\.N"^T
M&Q^T:3ID>I>7%J;LDJ,T@9=Q@!5AY38X(.1R*UK:]FL?&G]FRW,DUMJ=J]Y;
MI*<F!XV19$#=2I\Q"`<X(;'!`$'B+P):^)'G:XU74K3[58_8+L6C1+]IBRQ&
MXF,D$%V/RE>I!!'%7++1+B/Q$FH7UP+A;.R%G:R-CS9-Q5I9)-JJH)*(`%&!
MM)[X#5M+^?ZV_0'Y?UM_P3<HHHI`%<WX\_Y%RU_[#6E?^G"WKI*YOQY_R+EK
M_P!AK2O_`$X6]`'24444`%%%%`!1110`4444`%%%%`!1110`45D:IJ>H)=&R
M\/VVGWU[$B2W$%Y>O;>7&Y<(P*Q29R8W'0?=-/O;C7XY;8:=IFFW$;*/M+3Z
MC)$8SW"`0-O'7DE?PH`U**S9I]<768XK?3M/DTPXWW+W[K,OKB(0E3_WV/PH
MAGUQM9DBN-.T^/3!G9<I?NTS>F8C"%'_`'V?QH`TJ*R[*XU^26Y&HZ9IMO&J
MG[,T&HR2F0]@X,"[!TY!;\:9:W/B-]-N7O=*TN*]7_CWABU.22.3_?D,"E/P
M5J`->BLC[3XC_L;S?[*TO^T]^/LW]IR>3M]?-\C=GVV?C1=7/B---MGLM*TN
M6];_`(^(9=3DCCC_`-R00,7_`!5:`*7AK_D:?&'_`&$X?_2*WKI*YB*PU_2]
M:O[O3K/3;R/5;B.XN1/?20&V*PQ1%4Q"_F#]V3D[.N,=ZU9I]<768XK?3M/D
MTPXWW+W[K,OKB(0E3_WV/PH`TJ*S89]<;69(KC3M/CTP9V7*7[M,WIF(PA1_
MWV?QIME<:_)+<C4=,TVWC53]F:#49)3(>P<&!=@Z<@M^-`&I161:W/B-]-N7
MO=*TN*]7_CWABU.22.3_`'Y#`I3\%:C[3XC_`+&\W^RM+_M/?C[-_:<GD[?7
MS?(W9]MGXT`:]%9%U<^(TTVV>RTK2Y;UO^/B&74Y(XX_]R00,7_%5J/6]5U?
M2K47L=EI9LH(3-?3W6HR0_9U49<J%@?>``3DE>G2@#;HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`.;^''_)+/"G_8%L_P#T
M0E=)7&Z+X<\8:%H&GZ19^)-#>WT^VCM8FET*8N410H+$78!.`,X`^E7OL/CC
M_H8?#_\`X(9__DR@#I**YO[#XX_Z&'P__P""&?\`^3*/L/CC_H8?#_\`X(9_
M_DR@#I**YO[#XX_Z&'P__P""&?\`^3*/L/CC_H8?#_\`X(9__DR@#I**YO[#
MXX_Z&'P__P""&?\`^3*S?#ESXXU_PQINK_VWX?M_MUK'<>5_8D[;-R@XS]K&
M<9ZX%`';45S?V'QQ_P!##X?_`/!#/_\`)E'V'QQ_T,/A_P#\$,__`,F4`=)1
M7-_8?''_`$,/A_\`\$,__P`F4?8?''_0P^'_`/P0S_\`R90!TE%<W]A\<?\`
M0P^'_P#P0S__`"91]A\<?]##X?\`_!#/_P#)E`!X#_Y%RZ_[#6J_^G"XKI*R
M?#.C3Z%HGV.[NX[RX>YN;J6:*$Q(SS3O,P5"S$`&0@98].M:U`!1110`4444
M`%<WJ&@ZW_PE-QK.@ZOI]I]JLH+6:&]TY[G_`%3S,K*5GCQGSR""#T%=)10!
MS?V'QQ_T,/A__P`$,_\`\F4?8?''_0P^'_\`P0S_`/R97244`<W]A\<?]##X
M?_\`!#/_`/)E'V'QQ_T,/A__`,$,_P#\F5TE%`'-_8?''_0P^'__``0S_P#R
M96;J5SXXT[5-'L_[;\/R?VG=/;[_`.Q)QY>V"27./M?/^KQCCKGMBNVKF_$O
M_(T^#_\`L)S?^D5Q0`?8?''_`$,/A_\`\$,__P`F4?8?''_0P^'_`/P0S_\`
MR97244`<W]A\<?\`0P^'_P#P0S__`"91]A\<?]##X?\`_!#/_P#)E=)10!S?
MV'QQ_P!##X?_`/!#/_\`)E5KWP[XIU=;:WU;Q!H[VD5[;74B6VC2QR/Y,Z3!
M0S73!<F,#.T\$UUM%`!1110`4444`%%%%`!1110`4444`%%%%`&1;?V=_P`)
MIJ7D^9_:?]GVGVC/W/)\RY\K'ON\[/X5KUD6UU9OXTU*UCM=M[%I]I)-<Y_U
MD;27(1/^`E)#_P`#K7H`**HZW+>6^A7D^F2P1744+21M<1&5`0,\J&4GIC[P
MKG-%\:W-_P##R75KRUBCUBU+VMS9H3L%VIVA1R2%8E6'/W6!I-I)OL.VJ7<[
M&BN"\-_$!)M!M+[Q)JMB;EM&35KJST_3IR\$;D$-P\AP`<$8R<%N`"*VH?'W
MAJXLKJ[@U!I(;41%RMM*6<2G$1C7;F4.>%*!@2,"J:L[/I_PQ*=]?Z_K4Z.B
ML_3M6MM?T8WNAW`*OO2-YH'7RY%)4AXVVL"&!!4[3QVKAM%\<Z^E_H'_``D$
MND7%KK<MW!MM+=[>2V,&_P#>'?*X="$.>%VEEY-+K9C/2:*Y.S^(GATVVF)-
MK<-]=:FDDMHME9REKA%?:2D0WM@>O?:S#@'%NX\<Z#;:O_9CW%T]SODC7RM/
MN)(WD1"[QK(J%&<*K?*"6R",9XH`Z&BN;D\=^'VLA-'J8@2;36U.&XN+658O
M(&`7)(4'!9<ID-R.!FJ\/Q!TI=2^PW37&V/2DU.74192QVQC*DY!(.T8!.">
MX7);(!UM_77_`"8?U^7^:.LHKG5\>:`^G27J3WA6*;R'@&G7'VA7V!\&#R_,
MQM(;.W&.<UO6UQ%=VL5S;MOAF02(V",J1D'!]J`N25D>+/[._P"$+UO^W/,_
MLS^SY_MGE??\GRVW[??;G%:]9'BRZL[+P7K=UJEK]LLH-/GDN+;./.C6-BR?
MB`1^-`&O1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%<W\.O^29>&_\`L&6__HL5TE<W\.O^29>&_P#L
M&6__`*+%`'24444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`5
MS?B7_D:?!_\`V$YO_2*XKI*YOQ+_`,C3X/\`^PG-_P"D5Q0!TE%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`9=O>O)XOU"P-HJ1P6-K,MUM
MYD+R7`*$^B^6#_P,^M:E9L$VHMXJOH)H\:8EE;/;R;?O3,\XE&>^%6'CW]ZT
MJ`*.MQ7EQH5Y!ID4$MU+"T<:7$IB0DC'+!6(X/\`=-<FGA#68]2FU2,V2O<6
M2F;3?M#^2UZB&)9?-\O.WRVP?DSE4..*[JBDTG?S_K]1WV\O^!_D>6VG@GQA
M!H$&GM;Z()+?PR^B(XU&8AI#M`D(\@87"YQR<G'O5N3PUXV%W=SVB:1:FXT^
MQM&\O4Y@S"%V,BAQ`#'O61P'7++@$`$Y7T>N-\0^*K^Q\96^A6-SI=C)+:B>
MW74T<#4I"Y7R(I`P",,+GAS\X(4@&FY:^O\`P7^K$E9?UY+]$6/!&B:OX;\,
MW=C?0VC7'VNXN+<)?RSAQ([2*'ED3?D%L%B&)QGJ<5!X#\'#PYI\L^H:)HMM
MK;R3;[RP.]YT=RX#RF)&ZD#&#]T'V%Z7QIIFF6EV-=DFMKO3+2&YU"..SF=8
ME<?>4JIWJ"&!*E@-IR1@U+?^-M!TS4QI]W=3?:"0N(K.:50Y0NL9=$*B0J,B
M/.XY&`<C+>_X!_P_Z_J<]X?\+^)M.O\`P\][;Z2(M/%Z+DPW\C-^_DWC8#"-
MV`!U*]3Z<Y%Q'=^%O%/A+1M9NM)2R;7+J:SN/MA6XF$L4Y"M$R``AI0NX.V2
M5X!:NQD^(7AB"S2[N-2,-M)IYU-)I;:5$:W!4%@Q7!;+*-GWOF''(I[>//#Z
MV4%X+BZ>WN"?*DCT^X<,HQ^\X0XC^88D^X<\&E;6W]?UI^8/1?UV_P""<K8>
M#O%M@NG0B'19(--T>ZTJ(_;I5:0/Y924_N2!_JP"HSC)(9NE7(O#'BVP@@?2
M9-+@O!X>CTTS-<.P@GCW%74&(AU)(ZXQUPW0[-WXWL)H]3L]!F2XU6TMYY(H
M[J&:*"5HCM?;+LVN%8@-L)P>.*W-)NWO]%LKR8*LEQ;QRL%'`+*"<>W-"UU_
MK7F_S82>NO\`5K?Y(\UC\!>)%M]2BFT[3)EO+Y+R)V\1WIN;9A`(]R7)A+A@
M5!!Y!5BN`!SWGA^XU+;/8:K'YCV"Q1?;OG'VMO+!9]I10.?[I9>>N05&S13O
MT_K3_@?UH&X5E^*+U],\(:Q?PVBWLEK8SS+:LNX3%8V(0CN#C'XUJ5F^(YM1
MMO"NJSZ''YNIQ64SV<>W=OF"$H,=\MCBD!I4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7-_#K_`))E
MX;_[!EO_`.BQ725S?PZ_Y)EX;_[!EO\`^BQ0!TE%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%<WXE_Y&GP?_V$YO\`TBN*Z2N;\2_\C3X/
M_P"PG-_Z17%`'24444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0!FP0ZBOBJ^GFDSICV5LEO'N^[,KSF4X[95H>?;VK2K+M[)X_%^H7YNU>.>Q
MM85M=W,922X)<CT;S`/^`'TK4H`****`"N5\7:+JNN17-BNG:-K&E74"QFTU
M.5XO*D!?,H98WW<%,#Y2"N0PKJJYC2_%XO\`QQJ.@36P@CBA$MC.3_Q]!&,<
MV!VV/@?CFDTGH.]M3`USP-XADTVYLM(NK*\-[X?CT>XN]1GD1PT?F8DVJC;M
MWF'.6&.OS=#M:-I/B/3-6NMRZ=]@U&9+N=EN7:6VD\M5DC0&,"1"4&&)0@,?
MEX%6+;X@^&+RUO;JTU/S[:P9DGN(H)6C5P^SRPX7#.6(PBDLVY2`002MKX]T
M&\L;FZMY+]DMI_LTD9TNZ64RXR46(Q[W8`$D*#@#)P*=[W;Z_DW?\Q-;+M^=
MK?DCCO\`A!_&,6G6EC##H<D5GHMUHT;-?S*SK+Y>V8_N#@_NQE.W7<>@VM;\
M+Z]JEEH:V\%A:WME;A&OX-1FBFLY/E!,96+$\9"_-&X4-@9QU%^7XF>$X<>9
MJ;@&W2Z!%G.1Y+<>9D)]U3PQZ(>&VFH;WXB:7#/KEK)/)I3:3)%$UY?6,K0.
MS[<!<;=^=P``;)Z@%1DM7O\`UW?ZMA)WU?\`5[?Y(PIO"'C63Q'+JLQTR\F-
MM?6JR3:M<*K)*5\HB'R2D6U456"\MU+$]>]\/VUY9>'-/M-36!;NWMDBE%O(
M7CW*H&5)521QW`K.?QYX=BUJ329;Z2.]BN4M9(WM)E$<CXV;F*;0K$@*Q.UC
MP"35G3_%NBZIK4NDV5U(]W%YG#6\B(_EL$DV2,H23:Q`.TG!ZTH[67]6N_U!
M[W?]7_X8V:***`"LWQ'#J-SX5U6#0Y/*U.6RF2SDW;=DQ0A#GMAL<UI5E^*+
M)]3\(:Q80W:V4EU8SPK=,VT0EHV`<GL!G/X4`:E%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`5S?PZ_Y
M)EX;_P"P9;_^BQ725S?PZ_Y)EX;_`.P9;_\`HL4`=)1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!7-^)?^1I\'_P#83F_](KBNDKF_$O\`
MR-/@_P#["<W_`*17%`'24444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110!D6UK9IXTU*ZCNMU[+I]I'-;8_P!7&LER4?\`X$7D'_`*UZR+;^SO
M^$TU+R?,_M/^S[3[1G[GD^9<^5CWW>=G\*UZ`"BBLK5-6EM]3L-+L$C>]O=\
MG[TG;%"F-\A`Y/+(H''+#G`-`%C6/[3_`+&NAH2VS:B8R+?[6[)$'/0L54G`
MZX`YQCCK7`W7PZU/39/#>J>$PHU;3)-URFI:[=S0-&Z8EC3<K#YCSN")@JIQ
MVKI?$/B_^P?$FCV#VP>TO)EBN[HG`MC)N6#/KO=2OM^-7)O%VAP^)?\`A'C>
M^9JP1)&M887E:-&)`9]JD*O');`&5SC<,B[K^K?UKY`^S_J_]:'':M9:AHOP
M_P!87Q#_`&7927.KBZMYUOG\J`O<*ZN\K0@1%3T8JRY`R#G:<S3-"G\7:7YJ
M66C:V]EJ7VN26\NUO;+5R\6Q_P!ZMNBJZ`*,I$5!7'4MCN;+X@^&]0U!K.UO
M9V=8'N?->QG2`PIPT@F9!&4XX8-@]B:8_P`1O#,2(UQ>74!:X^S;)].N(W64
MKN5&5HP5+#[N0-_1<GBDM%;T_"R_-#>K^_\`K\3F=2\#>(Y+?5K32=.\/6EI
M?:)_9T,,-R\"0.SNS818"-H\P@="VW)`W86YJOA;Q/>V'B.""VTC=K4-N07O
MY0(941$=>(#E?E)#<$\`J.HV/^%B:+)J>D6ML+R>/5$F=+E;.41P^4VUQ(2O
MR$-D$-C;@[L<9CM_B+X?CTZPEN]6^U-?Q2S6TMIIUQLN51B&$:@.2P`Y4$D@
M%L8IWLOO_5BWT_KHOT1CZKX8\77E[J\T%IHI2\U2QO80^HRJ0EN8R5;%N>28
MATZ;O;F;2O#'BN+X@VVNZN]C<1QK=PR2#4YV)BD=6B*6YC\N,JL:J0I^;[Q8
MGKT$OCKP[%/8Q'4"_P!NCAEADBMY7CV3-MB+R*I6,.>!O(R:KR:]J#M-I$PC
MM=56[CM_.B&Y##)EEG4$'!*HXVMD!UP=PP2U[ME_5]$#=U_6VYU%%<A)<ZSI
MT.K70UAM0M[&6.;]Y!&`<;O.@&Q0=H4J5)RP;@LP!%=?2`*R/%EK9WO@O6[7
M5+K['93Z?/'<7.,^3&T;!G_`$G\*UZR/%G]G?\(7K?\`;GF?V9_9\_VSROO^
M3Y;;]OOMSB@#7HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"N;^'7_),O#?_`&#+?_T6*Z2N;^'7_),O
M#?\`V#+?_P!%B@#I****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`*YOQ+_R-/@__`+"<W_I%<5TE<WXE_P"1I\'_`/83F_\`2*XH`Z2BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`,BVNK-_&FI6L=KMO8M
M/M))KG/^LC:2Y")_P$I(?^!UKUEV]Z\GB_4+`VBI'!8VLRW6WF0O)<`H3Z+Y
M8/\`P,^M:E`!7,ZS'_9WC72M=FW_`&3[--I\S!21$TCQLCMCHN8RI/8LN>.1
MTU%'6_\`78.ECS?6?AW?^)M!UZ360(M<OI&-K]DUV[2U4+CR"R!0H9,`_P"K
M;+#.1G"Z>B:=XIM_$!UCQ3;:45&D):W#6%U-,SR(S,66,PKPVX_+DD=.:[6B
ME;2R_K1K]=1MWW_K5/\`0\0\,VG_``DEH^B0WFG7Z7>E26<-Q8ZFMZFD1$!A
M&\(@3:C%57;)([?)MR0&-=1#X+UFT.DS:7X=\*:2]OJ$=S=PZ?*T22JB.NX,
MMN"6)D)"D84+C)W$CT>BJ>]_ZT=_S%O?S_56//M$\+^)]-N]+N[BVTDR6MYJ
M#RQI?RD>5=2B0%6,`RRG(VD`'`.X9P(=-\+>+M/;16-IHCFPAOUE7^T91N:X
MDWKM/V?H,`'([^W/H]%2TGHQWUN>32^!/&\N@:-ILC:7)'I=O9+%$FKW,,:R
M02AG+*L.)1(J)C>#L.<`\L>JL]*B\1Z[K&JR>;%;316UK;3Q':2\#/)YT9(Y
M`>3`)!#;#P5//7T53DV[_/YBZ6,2/P?H-L)%T_2[33UGF2:Z%G;QP_:BI+*)
M"JY8;CGKST/!(.W112`*R/%EU9V7@O6[K5+7[990:?/)<6V<>=&L;%D_$`C\
M:UZR_%%Z^F>$-8OX;1;V2UL9YEM67<)BL;$(1W!QC\:`-2BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M*YOX=?\`),O#?_8,M_\`T6*Z2N;^'7_),O#?_8,M_P#T6*`.DHHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KF_$O\`R-/@_P#["<W_`*17
M%=)7-^)?^1I\'_\`83F_](KB@#I****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`RQ<:K'XDO4>T:32UL87MG0IEI]\OFIRP.=ODXR`O7FF6N
MLWUQIMS<R^&M4M9H?N6DLEJ9)_\`<*S%!_P)EK7HH`R/[9OO[&^V_P#"-:I]
MHW[?L'F6OG8_O9\[R\?\#S[476LWUOIMM<Q>&M4NIIOOVD4EJ)(/]\M,$/\`
MP%FK7HH`R[W5[VTEMD@\/:E>K,H,CP26P%N3V??,I)'^R&Z4Z;5+R+68[)-!
MU":W?&;])+<0IGU#2B3CV0_C6E10!FPZI>2ZS)9/H.H0VZ9Q?O);F%\>@64R
M<^Z#\*;9:O>W<MRD_A[4K)85)C>>2V(N".R;)F()_P!H+UK4HH`Y_1_%,NM:
M/>W]OX?U2)K6:2`6LK6PDF>-RCA")BG#*1EF4''&1S5G^V;[^QOMO_"-:I]H
MW[?L'F6OG8_O9\[R\?\``\^U4O`W_(%O_P#L-:E_Z62UTE`&1=:S?6^FVUS%
MX:U2ZFF^_:126HD@_P!\M,$/_`6:GWNKWMI+;)!X>U*]6909'@DM@+<GL^^9
M22/]D-TK4HH`S9M4O(M9CLDT'4)K=\9OTDMQ"F?4-*)./9#^-$.J7DNLR63Z
M#J$-NF<7[R6YA?'H%E,G/N@_"M*B@#+LM7O;N6Y2?P]J5DL*DQO/);$7!'9-
MDS$$_P"T%ZU1O=7UZ[\)ZM/I?AZ^L=7CMW%C;WLEL3+*5.PY29EVAL9W$=^M
M=%10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!7-_#K_DF7AO_`+!EO_Z+%=)7-_#K_DF7AO\`[!EO
M_P"BQ0!TE%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%<WX
ME_Y&GP?_`-A.;_TBN*Z2N;\2_P#(T^#_`/L)S?\`I%<4`=)1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!S?@;
M_D"W_P#V&M2_]+):Z2N;\#?\@6__`.PUJ7_I9+724`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%4]3U6RT>S^U:C.(HRP10`6:1CT1%&2S'LH!)H`N55U#5+#2;8W.JWUM
M90#K+<S+&H_%B!6+Y/B'7_GFN&\/Z>WW8855[R0?[3G*19_NJ&;_`&E/%6M/
M\'Z!IMR+JWTR%[SO>7&9[@_65\N?SH`J_P#"P?##?ZC4C=>]I;2S@_\`?"FL
M/P5XRT/2/`FAV&K7<EA<VMA#%,EU;2Q;&5`#RR@8SQG.*]`HH`IZ;K&FZS;^
M?I&H6M]%_P`]+:99`/Q4FKE8^I>$M!U>X^TWVE6[70^[=QKY<Z_[LJX=?P-4
M_L7B#0?GT^[;7;%>MG>$+<J/^F<W`;_=D&3W<4`=)15'2M8LM9MFFL9"3&VR
M:*12DD+]2CH>5/(X/8@]#5Z@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`*YOQ+_`,C3X/\`^PG-_P"D5Q725S?B7_D:?!__`&$YO_2*XH`Z2BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHK.U;7;+1EC6Y
M9Y;B<D06D"&2:<CJ%0<G'<G`'4D"@#1IDTT5O$TL\B11J,L[L`!]2:Y[RO%&
MM\RSKX;M#TC@"7%XP_VF8&*/Z`2>S"GQ>!=!\U9]1M&U>X4Y$^JRM=,I]5#D
MJG_`0!0`3>/?"T4S0IK=K=3*<-#9,;F1?JL88C\J9_PG>E-_J++7ICVV:#>@
M$>H8Q!3^==###%;PK%;Q)%&HPJ(H4#Z`4^@#@O"_B>VTC3;J'4M,UZ%Y=2O+
ME`NA7DF4DN))%^Y$<':PZUM+\0/"P8+<ZO%8%CA?[01[3=]/-"YKHZ1E5U*N
M`RD8((R"*`(K6\M;Z`36-S#<Q'I)#('4_B*FK!NO!/AVZG-PNEQ6ET?^7JP)
MM9O^_D15C]"<5#_9GB/1_GTG5O[8@'6SU7"OCT2=%!'_``-7S_>'6@#I**R-
M*\16^H71L;FWGT[4E7<UE=J`Y4=60@E9%]U)QD9P>*UZ`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@"KJ6HV
MVDZ9<7]\Y2"W0NY`R3CL`.23T`'))`K.T?3KFXG36M<0#4)$Q%;YRMBAZQKV
M+=-S]R,#@`56U#_B<^-[+3#\UII<0U"Y7LTK,5MU/KC;*_L50^E=#-$L\$D+
MEPLBE24<HP!&.&4@@^X((H`?17CO@RXU-M9T-M%E\27A26^76&OY+J6U>%7=
M8PCW!V&3<$"^6>F_<:W]&\6:U>7WA>'3]+B@T_4$O'NHKS4'FN(VBDVD!RK!
ML9SC=@YQD!?F.WF(]#HKS=_BK=0QZI')X?@NKW3FMA+:Z?JT4YB\Z5HRDK$*
M$D0KR@W<D?-C+#<A\4Z])XK_`+"E\-1))%:)=SW"ZBK1[6=E*Q_(&9OE&-P0
M$[LD``L?U^%QM6OY'645Y_HVI7.KS^%;V"74-,BNA?12V$EW]HPR[AN9V!+L
M"O&25&<`'@U6;QI>^#_AQI^HW:PZE'&D_GWFJ:HMN\A1VVHN5)DE8`X4`#Y3
MR.!0"UV.RU?2IWF&J:,4BU6%-H#'"72#GRI/;.<-U0G(R"RM:TC5(-:TJ&^M
M@R+*"&CD&'B<'#(P[,K`J1Z@U:AE$T"2J"%=0PSUP17/1?\`$F\?/`/EL]<@
M,R+V6ZBP'_%XRI_[9,>]#T$G?5'24444#"BBB@`HHHH`****`"BBB@`HHK!O
M=1O-4U";2=`?R?((2\U$J&%N2`=B`\-+@@\C:N03G[I`+6K>(K#2)8[>4RW-
M[*-T5E:QF6:0>H4=%_VFPH[FL_S?%VK<P0V/A^W/3[2/M=P1[JC+&A_X%)5N
M*VT'P;ID]U--;Z?`6#7-]>S@-(QX#22N<L>0!D^@'I6G:7MK?P">QN8;F)@"
M)(9`ZG(!'(]00?H10!@_\(C/<_-JOB;7+M_2*X6U5?H(50_]]$U6N/AKH-U<
MVD\TVM.]I(9(S)KEY(02C)PS2DKPQ.5(/'7&0>MJGJFL:9H=G]KUK4;33K;<
M$\Z[G6)-QZ#<Q`SP>*`,?_A"+2/FSUCQ!;,.0W]LW$V#ZXE=P?H01[4?V9XK
MT_YK'7[?547_`)8ZI:+&[^WFP[0OU\MOI6_;7,%[:Q75G/'<6\R!XI8G#(ZD
M9#`C@@CN*+B[MK01FZN(H/-D$4?F.%WN>BC/4GL*`,.+Q:MK,EOXFT^;1)78
M(DTS*]M(QZ!9EX!/0!PC'L#70TR6&.XA>&>-98I%*NCJ"K`]00>HKG3I]QX3
M!FT2*2YT@<S:8I+-;C^];Y[#O%TQ]S!&U@#I:*AM+N"_LX;NSE6:WG021R(<
MAU(R"*FH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`,G6=5FMYX--TI$
MFU2[!:,29V01C`:5\<[1D``<L2!D#+*_2="MM):2</)=7TX'VB]N#NEEQT&>
MBJ.<*H"C)P.36=X/_P")C%?>(9?FEU.Y<1'^Y;1.R0J/8@&3ZR-724`5-5OS
MI>E7-\+2>\^SH9#!;E`[`=<;V5>G/)'2L'0_'EKK=VEF=)U+3[R>Q&H6D%V(
M<W<)[HR2,N02N58J1N'&.:U_$<XM_#6HR&.>7_1W4);P/,[$C``1`6/)["N"
MT7PG;MX`.L:I<Z_?WO\`8)L%@NH'@EM5"_/'%%%%&^2R@9(9F"K@D=9O92?9
M?H_U2^7R':[BN_\`FOTN>F0NTL$<CQ/"SJ&,;D%D)'0X)&1[$CWI]>3>&M&@
MN?%%E<2Z1J'VV'PS:)!)J%E<B""ZC!QCS%\M'7(Z8(RV.2U8`T*PU8?V?#X<
MF@URY\*7Z:A]MTYHWNKP-`0Y=U`F;S,L'4L`2"#TJW:[^?X7_P`OQ0H>];Y?
MC;_/\'L>YW4TEO:O+#;2W3KTAA*AFY[;F5?S(ID-]:W-W<VMO.DD]J56=%.3
M&6&X`^A((./0CUKQO7$BU.+Q1-;>']<B^VZ3IYC*:1=1-<SQ22!MP5`6(W("
M&Z@9P5&:U-8T[3[/5_%LI\)2W;ZE/9R"1-)G=)(B(M[OY:@RA7^=X0<M@@@`
MDA/1V_K^O^'$G?\``]8HKPBVTZ63P]I]I)HEU<W-C?7GV>QNO#=TMG(C7&Y!
M&<%K1MI4H^XJHW!B<''NXZ<C%.VEPZV*6JZ/9:S:B#4(=X1M\4BL5DA?LZ.,
M%6]P0:H:;?W5AJ::+K4OG2NI:RO2H7[4J]58#@2J.2!@,/F`&&"[E8WBS3I=
M1\.W'V+B_M<75D_=9X_F3\#C:?568=Z0S9HJII.HQ:OHUEJ5M_J;RWCN(_\`
M==0P_0U;H`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`YOPS^]\2>+IVY8:I'"OLBV=N0/^^G<_C70S1M+!)&DKPLZ
ME1*@!9"1U&X$9'N"/:N>T7_0?'/B.RDX-ZT&I1?[0,2P-CZ&!<_[P]:Z2@#'
M\-^'1X:T4Z;%J=[?1^8\B2W8BWIO)8@;(U&-Q)Y!Z^F`,NT\`6UG:Z9%'K6J
M%M.:<K,3`'E69MTB/B(#!/=0K#L:I?%/3K"]T?2);[18M8:+5[94MVBB=W#2
M`,B^80HW#@Y(![UB:4GBGPA90V^F:98Z9:ZUK\D=KI]],9?[-@>,D!5B.SED
M:38K[0#M!Y+*E:5[][?E_G_F'PVMVO\`G_D:@^$MLMLL">*M?6-;:"T"@6?^
MJ@<O$O\`Q[_PL>O4]\UTT?AOR_%,FN_VM?M-):+:&!A#Y0522&XCW;LDG[V.
M>F,`<Y?>,=;M9;Z\A%A-I^CZA!IU]!]G<3SLXBWRQMOP@!F!"%7)"GYN1B"Y
M\7ZK;17-IH^E,VKW&LS6BQ_:OMB82(2%U6:2``%<#RU=0,DC.""]]?G]]M?G
MS?UJ'_#?=_E8U['P!'I_]D^1XAU@_P!E/.\6[[/^],Q);>!",_>.,8Q5*3X5
MV<NE16+>(M<VQVMS9O+OMR\L,[!I$;,.!R."H![9(Q3;#Q)XOU9Q;QVNDZ7?
M:?;03:G;7Q9Q(SNX94DC<B,!8V.X^9RP!'RDG2\"7.M7=MJ[Z[J,%\8]4N(8
M3%;&+RU1RN.78$8`QTQCDL3FBVMO7]%^H)V5U_77]#H[&V-E806K7$MR88U3
MSI@H=\#&3M`7/T`'M6%XP_=S^';E?OP:S#M/^^DD1_\`'9#725S?B3_3?$GA
MK3(^6%X]_,/2*&-AG_O[)"/Q--N^HDK*R.DHHHI#"BBB@`HHHH`****`"BBB
M@#&\3ZG<:?ID4.FE1J.H3K:6989"NV27([A$5W([A,5>TO3+?1]-BLK,-Y<8
M.6<[GD8G+.Q[LQ))/<DUC:C^_P#B7H4+\I!IU[<@?]-`]O&#^"R2#_@5=)0!
MS7C2Q-]#I(M=6BTS4XM0633WN(O-BFF$;_NW3(R"F_H000"#D8/+Q:S=1Z%+
M96\3Z!K9U>6&ZMM$2&?[;.(O,=H'GQ&@((=BX!&&7[QR>N\6ZIX?L+"&'Q3:
M/=VMW)Y*1?V9+>J[G@*51'P3G`SUZ"H-*LO!GBCPY%;:?I6F76EV<[(ME+IZ
MHMK,I(93"Z@QN"3P5!Y]Z5KIV_K;^K==!M[7_K?^OO.`/BOQ5=>'9-6A\1-`
M\/A6'6&MQ:0,#/\`.",E<A&V'<.3D_*RXKO/B(Q?X::NQZFV!_4587X?>#$$
M@3PCH2B1=K@:;"-XR#@_+R,@'\!6A=^'M%O])BTN^TBPN=/@"B*TFMD>*/:,
M+M0C`P.!@<53>G]=W^6Q+5_Z\E_P?O,CQSK$VEZ;;?V=J36EZ+NV<QHB-YL!
MN(XI`P93A<2]1@YQSUK`;Q!KB:E>1VVM":WMO%<%@WF6\;,8)(XBT(90`,-(
MW)!;`QG/-=;:>#/"]A;W-O8^&](MH;M/+N8X;&)%F7^ZX"X8>QIB^#?"4<R(
MGAS14D4I*BBQB!!C&U&'R_P@X![9XHCH]?ZU3_)?BQO6+7];?YLR?#6J:K+X
MRO[/6+RZ=)$EEM$"0/:21K*%W0RH`X9055TDR03P2*[.J&GZ#H^DW5S<Z5I5
MC93W;;KB6VMDC:8Y)RY4`L<DGGU-7Z2V2#JV<W:?\4_XM_LU?ET[5P\]JO:&
MY7YI4'LZGS`/59#W`KI*YOQM^ZL-)O%_UEMK5CL/IYLZP-_XY,P_&NDH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`.;^'_[OP396;<2V#264H[AXI&C
M/Y[<^X(/>NDKF[G_`(IC7[C4FXTC4V5KQNUK.`%$I]$90JL?X2JD\%B.DH`*
M***`.8L?%TTOCZ]\,:EIR6K)#]HLKF.X,BW2`C>""B['4.A*Y;ANO%85QK%I
M>?$W4KF*PA27P[9(O]I7FMS6T)\YF4IY04QE=T9!9N=RKP<`B37M*UW4M5O;
M_2-&EM]2TV\BNM-N;N6$0W0">7+'\DC.H="WWE'8]16!K_A769)_$EK!X5N]
M2BNM.LX+6Y:6TVRSPR2.\N'F!4DR[@2`<ANG&2/1O^O/]+:?<$MG;^M=OU/3
M!XFT$WPLAK>G&[,YMA;B[C\PR@9,>W.=P!!V]:FAUK2[C5I]*M]2LY=1MU#S
M6:3JTT:G&"R`Y`Y')'<5YQK.D:Y<ZSKEY!X.O)'N=6TVXAF6:S#20V[1LW)F
M!&"CX!_O#U.-+PKX3N+#Q*)]5TB]-Y:W-U+'JCZM));2),S-^[@,IV.=P#`Q
MA<J2">*(ZK7^M%_F#TV/0J***`"JNIZA#I.D7FHW3;8+2!YY#Z*JEC^@JU7-
MZK_Q4VJ)H]O\VG6DR2:E+_"[*=R6X/<E@K/Z*-I^_P``%KP9I\VE>!-!T^Z7
M;/:Z=;PR+Z,L:@C\Q6U110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110!S_B:VFMI[/Q#8Q--/I8<30H,M-;/CS54=
MV&Q'`[E,=\C<MKF&\M8KFUE6:"9!)'(ARKJ1D$'T(J2N=EAN/"TSSZ=;2W>C
MR,6FLX%W26C'DO$O5D/4H.0>5!SMH`NZ[X:TWQ)';IJHNF6VD$L7V>^FM\..
MC?NG7)&.,YQVIVK>'M/UN6QDU%;AFL)A/;F*[EAVN.`3L8;N,CYL]3ZFK=AJ
M%IJEE'>:=<1W-O(,K)&V0>Q_$'@CL:L4`8-_X1TJ?5IM;BT]9=3(5]CW4L4%
MQ)&#Y1E1<HQ4XP[(S+@$=!5.S\&P7NEW*>)+=#<W>H-J)6TNI`;67`4>5,HC
M<$*OW@%/S$=*ZJBA:?U\_P!%]P/7^OZ[LPY/!NAR7=I<FUE2>TC$221W<J&1
M-V[;+AAYPW9.)-V26/<YN:;HECI-S>SV"2QM?3&>96N)'3><DLJ,Q5,DY.T#
M/>M"H;N\MK"TENKZ>.WMXEW22RN%5!ZDG@4`2NZQQL\C!$4$LS'``'<USOAM
M&U74+OQ/,I5+V-(+%&&"MJA8JY'8R,Q?_=\L'D&D`F\7$>?!-;:".?+F4I)J
M'^\IY6+_`&3@OT("\/T@````P!VH`****`"BBB@`HHHH`****`"BBB@#F_$'
M^@>+/#VL-Q#NFTV9NR"?8R$_62&-?JXKI*J:IIMOK&E7.GWJL8+B,HVTX9?0
MJ>Q!P0>Q`-4-#U2=II-'UEU&JVHR6`VB[B[3(/0\!@/NMD="I(!@?%/5;;3=
M(T@2ZMI^F7#ZO:M#+?L-@VR`LQ7>A95')PP^HK!UO11X9ETD:EXPEM[O7_$)
MFOWM)%L4NE:(IL5<EE556->'SEMV=VTCU>BA:???\M/P!Z_=;\]?Q/)]5U*>
M'Q)?V4>K7UOXAL=1M(](TXWLNV[LB(]Q\HG$P(,^^1@S(5)+#:*I:/J,L6KP
MV^B^(K[4];MM<OH)-+FU-[CR[)&F`$D98X`(3$C_`#991NP0M>RUC>&_#H\-
MV=S;IJ=[J"W%S)<EKP195Y&+/CRT08+$GG/7CCBCI;^NG^6OJ^X[JW]>?^:L
M>./JUW%X3N=3G^),D,TQM1>6\):&2SN//7>LAGFE$38,F8T5%(0_+M!!ZN\\
M-://\19].BUS4[*YO]`1;*X36[CSG822'<A,F7VC#8Y`R3W->HU#>027-G+#
M#=36<CKA9X`A>,^H#JRY^H(I/7\?Q37ZZ"5_R_-/]#D_`RWE]_IVHIJ%M/86
MZZ7)#<7<KI)+$3YDH5F(;)P!(1N(!R>:[*J]A91Z=8QVT3.X3)9WQN=B268X
M`&222<`#)Z4FHZC:Z5827E_*(H8QR<9))X"@#DL3@`#DD@"J;NQ(Q/%/^GZM
MH&C1\M-?+>S#^[#;XDW?]_?)'_`JZ2L/0;"Y>YGUS5X_*U"]146`G/V2!22D
M7'&[YBS$=6.,D*M;E(84444`%%%%`!1110`4444`%%%%`!1110`4444`(Z*Z
M,CJ&5A@J1D$>E<Y_9^I^&OFT%'U'3!UTMW`EA'_3!V(&/^F;G`_A90`M=)10
M!E:5XETS6)GMK>9HKV,;I;*Y0Q3QCU,;8./]H94]B:U:H:KH>EZY"D6KV,%V
ML9W1F1,M&WJK=5/N"#65_P`(OJ%A_P`@#Q+?VR#I;W^+Z(?C(?-_\B8]J`.D
MHKF_,\;6GWK?0M5`ZLDLUDWX*1*/PW#ZT?VWXHC_`-=X1#XZ_9]3C;/TWA?U
MQ0!TE%<W_;OB63_5>#Y$[?Z1J,*\_P#`=W'Z^U'VGQK=<1Z9HFG#^_+>RW+?
M]\+&@_\`'ORH`Z2J&JZYINB0I)JEVD'F';%'RTDK?W4099V]E!-97_"/Z]?<
M:UXIE5.\.DVJVBM]68R2#_@+K5_2O#&CZ+,\^GV2K<R#:]U*[33N/1I7)=OQ
M-`%#?K/B7Y5CN=!TL]78A;RX'H`,^2I]3\_LA&:W;&QMM-LHK2QA6&"(81%[
M=R?<DY))Y)))J>B@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`,._\`"UO/>R:AI=U<Z1J$AS)<6;`+
M*?62-@4<]!DKNQP"*K_;/%^G<76EV&LQ+_RUL+@V\K?]LI<K_P"1:Z2B@#F_
M^$Q:/_C[\->(+?U_T(38_P"_3/G\/Y4?\)EYG_'KX<\03^G^@^5_Z,9:Z2B@
M#F_[0\6ZCQ8Z+9Z1&?\`EKJ=SYTJ_P#;&'*G_OZ*FM/"L7VN*^UR]N-9O8FW
MQM<D+#"WK'"N$4CLQ!;_`&C6]10`4444`%%%%`!1110`4444`%%%%`!1110`
M50U;2+?5[=$F+Q30MOM[F$[9('_O*?T(.002"""15^B@#F_[=U'0?W?BFV\V
MV'"ZK8Q,T?\`VUB&6C/N-R=R5Z5N6&H66J6:7>F7<%Y;O]V:"0.C?0CBK%8=
M_P"#M%OKQ[P6TEE>O]^[T^=[663_`'VC*E_HV10!N45S?_"/:]:\:;XNNV3M
M'J-I#<!?Q4(Q_%B??M1]A\;+\JZ_H3CH&?19@1[G%UAO_'?Z4`=)17-_V1XL
MFXN?%=M$#U-CI(C(^GF22#\P:/\`A!["Y_Y#E_J>MY^\E]=GR7_WH8]D3?0I
M0!)<>,+&2X>RT!3K=^IVM#9L#'$?^FLOW(_H3N]%/2I=/T6ZFO8]3\1S0W-[
M'G[/!`#Y%ID8.W/+/C@N0#C@!02#KV]M!:6Z6]I#'!#&,)'$H55'H`.!4E`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`53U>YO;/2I[C3+:"ZN8EW+%<7#0HP'7+A'(XS_"?PZU<JEK+SQZ)>-:
M6DM[/Y+".WB9%:0D8`!=E4?B14S;46UN5&SDKG,67CRZUGPG;:KHFDP->&ZC
MM+W3[^\:!K21V5<$K&^[EE(.!E2&'I71-XBT6/4;C3Y=7L$OK6(S7%J;I/,A
MC`!+LN<A<$')&,$5R4_A74I9]"UG2X&T^Z9K2+6;&<H?.BB=6#DHQ7S$*\$$
MY4D<X4"OIOAO6QJ6GZ?>:88ETK6[G4EU@31E+B*7S3M"@^8)#YP5@5"X4D,?
ME!TE:[2[O]/PZ]^AG&_+=]O\_P#AOQ.FL?'OA:_\/V^MQZ]I\6G7$GE1SW%R
MD8+_`-SYB,-CG:><=JT)O$6BV^I2:?/K%A%>Q1&=[9[I!(D8&2Y4G(7'.>F*
M\UC\)ZO+I6AQ:QX<U2ZMK*SGTZYL[/5EMI#O96\T&.=5>)@NTJS!NAVULZ5H
MVL:3XL1[+2+V'3K>,F:*2X@N+><K`$5[=G?SHY20$(;",`22"<F5K_7]>OX%
M/1_U_7]7.^@N(;JVCN+65)H95#QR1L&5U(R""."".]25'!(TUM'))"\#NH9H
MI"I9"1]T[21D>Q(]S4E-B04444AA1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`55U34K31M)NM2U&
M40VEI$TTTA!.U%&2<#D\#I5JLCQ7H2^)_".J:(TOD_;[9X1+C.PD<-CO@X.*
M3VT'&UU<Q6\::GI\=GJ'B#08].T:]E2)+E;[S)K<R$",SQ>6%0$D`[7?:2.V
M2-J#Q=X;N9K>&V\0:5-+<R-%`D=[&S2NN-RJ`WS$9&0.F:Y;5;+Q'XQT"W\,
MZSH#Z<K2PG4=1^U1-`ZQ2*Y\@*QD)<H,;T3:"2>0`4U#PCK<&IW=QH?V=8[6
M_74M,1WVCS9?EN48#HNTR,.O,IX^4577Y_Y?\$E7MY_\/_P#I8O&_A2=2T/B
M?1I%#*A*:A$0&8D*/O=200!WP:OR:UI<.L1Z3+J5FFI2IYD=FTZB9UY^8)G<
M1P><=C7G/BWPSJDUYK=OIGABXU!)/#G]F6EX);4%Y69B_P!^164'<I)P,E3Z
M#,G_``B=S=Z_=W6N>&-1OUN+B._@8ZMB"+$2J89;?SPAE`4H"%9&##+`9J>E
M_7\[?\'\"GIM_6B?ZV.W?QAX:CLY+N3Q%I2VT1023->QA$+C*9;=@;AR/4=*
MI:9XVL+W7K_3+QK?3WBN4@LC-=QEK\-$L@:-0>1AN`"3C!.,XKE+7P]JME\,
M-!TZU\/:G8:C8N^!ILUF)+9B'RY1Y/)E1MQ#*3D[LX!&12GT+Q$&U"67P?++
M>2W^E2^=:/:(CI;&,R;-TP(4&-]JG'WATYPU\5O3]-1=/O/1#XHTJUEECU75
M=)M'$TL<:F_4EA&H9]P8+M90<LO.T8)/-7X=4L+G2QJ5O?6TM@8S*+J.96B*
M#JV\'&.#SFO++W3I])GLO/\`"LWE2>,FN[6QC^RYF4VLF'4>9L4[E+?,5/?K
M7=^"](N=+T.X%_;"UDO;ZXO#:;E;[.LLA8(2ORYP<G&1DG!/4BUC?R_&R_S_
M``\P>C_K:[7Z?B6HO%_AJ8J(?$.E2%K=KH!+V,YA7.Z3[WW!M.6Z#!]*H:/X
M[TW5-9O+&:6ULPEPD-@\E[&W]HJT2R!X@#R"&X`).,$XSBL"V\%:W97-JMH\
M4<%E<2Z?!B3!&F2_,>.@=6V*HP>(QTW&J6LZ'JYU?6I['P?=3>=JNFS6\T<E
MHOF06S1EL;I@0/W;;0<?>'`YP+5KS_S_`,OU[!W_`*_K6_RMW.^.OV-K97MY
MJU_IMG:VEP87G-ZI1.@`D9@H1\D?+SC(Y.:S1X[TU/$<EA=RVMKI[6D%S:ZG
M->QB*[,K,%6/GG[O!SD\X&.3S5GH6L:=<R7]GX9D6&T\137R:<LELC7$,D'E
M>9'A]@8,2V'*Y!/>J7B/PYJEV=973O!+HMSX>:PLQ`UFBQ222.Q3F4;?OKN(
M&"5;&>,I?9O\_P#P&_YC6MU_7Q6_(].U2]_L[3)KO?:IY8!W7=QY$0R0/F?!
MV]?0\TS^V]*_MG^R/[3L_P"T]GF?8OM">=MZ[MF=V/?%<_XXTZZU[X;7%K!H
MDEW?311M%9.T.^*3(.2S/L!7U#'IP35>ST[6!\1FO(-.O;/3G=I+C[5);S6\
MA,0420X8RQ2YPK+C80&/4@FK:V_K^OZ])3=K_P!?U_7KT`UM_P#A+9-%DLGC
MB2R%VMXTB[7^?:5"CD8X))QUXSUIH\7^&CI+:J/$.E'3DD\EKS[;'Y(?^Z7W
M8W>V<USGB[2-;UK6]1M-/TZ1+>ZT.2T2_>=%B\UG#;"%?S`"`06"\9K&E\,7
MD>FM>:7X9\1:?J,\R,\HUF*[NHW6)EWD7$[Q21$-LVE@2.<#"D2F^6_]?$_T
M*^U_79?J>B1:_HT^J+ID.K6,E^\0F6T2Y0RM&1D.$SG;CG.,5C>(OB!I.ASZ
MEI]N\=_K5C8-??V:DZ1O(H!.,L>N`6.,D*,XY`.1H&D:_:^,+::;39;.V5`;
MW+6\EE))Y"KYEL`WG0OD;2N`A4$]>LOB_3M8DUC5Y=-T6YU&+4-!:QC>WE@4
M)+ND(#>9(IP=XY&>]*I=+W?/\G;\;?\``V"%F_>\OS5_PN=):>*=%N=*FOVU
M6PCBM%4WA-TFVT8@';(<_*>>^*:WC#PRD"3OXBTE89(3<)(;Z,*T0;:7!W<K
MNXSTSQ7`C2O$-K<73:;X,FAB;3=,MXU9K(^68)',AC0RE?,02`H6^7<A/.`&
MK:)HGB.TU'33J7A#4KM+&;5)_M,\U@79KA]T;`+*`&(R#@*`6P."2+GHWRBB
MM%?R_+^D>NK,DMN)H")D9=Z&,@AP1D8/3FN6M/&YG\(RZS<:3+:W*WSZ?'8/
M,K.TPG,**S+E1EL9(W`<\MCFYX%M;W3OA_HMCJ=C+97=G91V\MN[QL0R*%X*
M,RD'&1ST(S@\5S>GZ+K=UX1NDET>>PO[?7GU6VM[F:$^>OVHS!0T<C`$J2OS
M$8;VYHDDI-=/^"OTN'V;]?\`@/\`6QKGQG=+']A;2X1X@^W?818B[)A+^5YV
M_P`[R\^7Y>3GR\Y!7%4;OXE-;BS":2&<F0:@C76TVWEW"6[A,(?-.]\@?)E<
M'@D"HSH6L?VL/%JZ;-]K_M'[0=)\R+SO(^S>1MW;_+\S/S_?VX&,YJ]9>%F7
M18I+[2[2XU:74)KV*2>*.3^SGED+[E)S\R+M'RDY8>G(2WU_K;_A_P`+@]M/
MZW_X"_'4Z:"^^TZA<00QYBM\*\V[CS#SL`[X&"3[@<G.(K[Q!HVEW/V;4]7L
M;.?R6G\JXN4C;RUSN?!(.T8.3T&*Y-=!\067Q#MFL/M2Z-'Y96078%N(O+D\
MU)(=V7F>5D?S-I_WA@@[/BK1+S4+K3+_`$@1B]MI6AD:0XS;2C;*/<CY7`[E
M`.]+6VG]?\#^O,>E]?Z_X/\`7D6+CQ9H_P!C,FGZQH\\K6XNHEEU!$1XMX7S
M-PW?)GC<`1GBL_4_&EQIW]N8T.>7^RI+=1_I$:^<DN,R=?E5>>.6..E<]J?@
MW4U^&^I:5)IBZM<P8M-*A1XRRV\<F8G+2L`'`(R=V?D!Z\5/K]OXANF\5BS\
M+WLPO([1;0_:;9?.*_?ZR_+C/?KBF[="=?Z_K[CK/%'B!O#>E17HL7O%>[@M
MGVR*@B$LBIYC$]AN'`!))'09(E7Q1H#:*^L+KFFG3$;8]Z+N/R5;.,&3.T')
M`Z]ZS_&VEW&O^"Y;6"Q^T2M+;3M9R%,R+',DC1\G9N(4CD[<]3CFN4U+PIJ]
M[?/KW]D7B17&II<S:/:ZB+6ZV"W\CS!+%*J>9DY*^9@IQG/%'1^O^7_!_P"&
M*TLCT9KV%M+:^M9K>6$PF:.4S`1,N,AMXR`N.=W/'-9P\6Z#%'&M]KFDP7!2
M(O&+^,A3(,H`3@D-_"<#<.0*HIH$-K\-)]&M]$9HC:2I'I<DPG;YMQ6-GE<J
M6Y&<MMST.,&N%U'PYX@NM)N;<^#[J6X;PC%I,,IGM"5GYWKDS9"\KD]#M/H,
MGVFNG_`?^27S$E>W]=5_FW\CO/%7C6R\-7>G6?G6$U]>W<$'V*6^6*?RY9!'
MYB)@E\$YQP,`\\5HG7[&ULKV\U:_TVSM;2X,+SF]4HG0`2,P4(^2/EYQD<G-
M>?ZEI?B3_34_X16]OC>:O8ZK%-'<6@:%(C"6A</*,.HB8#:64[OO#FK-GH6L
M:=<R7]GX9D6&T\137R:<LELC7$,D'E>9'A]@8,2V'*Y!/>A;:_U\/^;^[L*^
MSM_6O_`.Y;Q-H*3V,#ZWIRRZBH>RC-W&&N5/0QC/S@]B,U2L/'GA?4=/O[^W
MUVP%GI\YM[F>2X1$C8':,DG@$\`GKVR*XGQ/H?B*XD@AT;PJ]K9(;*X6'318
MQB3R[DRO%.9&#90<J(R%W,^6(.!-=^'=<E4B31-1D@M-=N+YH;74EM9;J*8.
M`T,D<RD,F_E7*`@D`FC_`(/YK_-_=<?]?@_UL=1XQ\=:9X4\*MK`O-,G=X3/
M9P3Z@L`O5`!(B;#;C@C&`<DCIG-7?$OB)O#NC0:@+![M9;JWMW"R*@A$LBIO
M8GL-PX`))QT&2//-3\(ZQIVB:SIVD>%[B\L]6T46=I`E[%(^GN&E.R1IY02"
M90Q*LV"I'0*3VWBW3+KQ!X"^S1Z:SSLUK.]A,T>YA'-'(\1.XH6(4K][:3WQ
MS3T_'\+AU2_KH:$?C#PU*EH\7B+2G6]E,-JRWT9$\@(!1/F^9@6`P,GD>M6X
M-9TNYM[N>VU*TFALG>.ZDCG5E@9!EE<@_*0.H/2N(OO#UU)I6O>(9+1=)U![
MJ+4K""<J[02PQ!09/+++F3!1@A;Y&'.>!VNC6<UEI$4=V5:Z<&6X9>AE8[GQ
M[9)`]@*71]_Z_P"#^`?U_7X?B<U;_%#0KVZTV:TGMSHM[;SS/JTMU''%`T90
M>6P)R&.\$[MN,KU)('2W&O:/9S64-WJMC!+?G%FDMRBM<]/]6"?GZCIGJ*\Y
MT[2-<MAX8CO?!][/_8MI=Q._G6;#S'4!&3,V>0",D`C=SCFJ>E^"-4DLM,@\
M0>&]1N(VTFTLO*AU@P):2VY(S,D4X62,DAU*[V'(*@T1U_KU_P"`#T1ZQJ.I
M6.D6+WNK7MO8VL>-\]S*L:+DX&68@#D@5G2^,O#$#.L_B/28F2%9W#WT0*Q-
MC:YRW"G<N#T.X>M9GCK1KW4TTB>TM;J_AL;LRW%I97[6<\BM&R;HY!(GS+NS
M@N`1NYSBN6U#POJMM#I\GA[PK<0?V%&CVMLVH(_V]7FW/;2,\W1!ALON`DP5
MR%PXM]>_]?U^H?U_7]?@>C#7M';6%TE=6L3J3)YBV0N4\XKC.X)G=C'.<5FZ
MGX_\*:397ES=:_IY6RF2"X6*Y1VBD9BJHP!^4Y!ZXQM8G`!QQ^JZ9XIU/QE9
MWBZ!>V=I%J2SG[,UB$V-:M'YTA+^:TRL^TX.W8@P&(!,YT+6)O`::<WA5(-3
MTRVMK43));DWBQ31L1"^_(0A"V)-G+#CJ:.E_P"OZ_KR#K;^OZ_KS.^N-9TN
MTM;:YNM2M((+MTCMY9)U59F<954).&)'0#K4`\3Z`VC/JZZYIITR-MCWHNX_
M)5LXP7SM!R0,9ZFL#XE,+KX<.USITDHENK$R6$GELSYNHLQG+;"3T^]M]\<U
MS]]X5UF^U"?7FT6^BAGU1;F31[;4A:W7EK;>1Y@DBE5!)DD[?,P4ZG/%'?\`
MKM_F/HF>A'Q#HHFMHCJ]@)+L1M;H;E,S!\["@S\V[:V,=<''2FQ>)="N!?F#
M6M.E_LW/VW9=(?LN,Y\S!^3[K?>QT/I7%>&/")TCQ?-)9>&)=)M9-'%K'?&:
M*9XW,C/M9S(TK,`R`GE<I@'`4F"7PWK-[X*M-/;PRMK?Z1%;0221W:0MJ$<,
MBL4@GB</&IV%AOV?,5SCDT?U^+7X6OYWT%_7X)_\#RMJ=L?&7AA;=)V\1Z2(
M9(3.DAOHMK1AMI<'=@J&XSTSQ3!XS\/'Q"VB?VO:?;EM1>&,S*/W1!.[.>?E
M!;CHO)P",\3'X<NK#7-*NK#P7J36<2WUPZW.H0W,\<\J(H+-+<-\[;&Y5B`&
M'.2V(]*T;Q-INA6T8\*&XN/^$7CTTVUW+;O")XB_R2`2_,CY&,9!SAMO.#^O
MP?ZI>MQ]/Z[K]+GH*>*O#TNBR:Q'KVF/ID;;'O5O(S"K9`P9,[0<D<9[BH_^
M$Q\,?V8FI?\`"1Z3]ADE\A+K[=%Y328SL#[L%L=LYKS(:?XCLKR:632M2?5)
M]:CO].:^:PDDD"V?E.6BBFC1MH!&-R8#*P9B"#-:Z`VJ6.GE-$UC4+&R6\TZ
M_L8-06QGCGDD$CL/+N!&\1.5*>8VT;1R0U']?@OUT%_7]?+4]@Z]**S]'1[6
MR33VLI+:.SBCB1S('20!!]PEBY`Z9<`G&>>M:%-[Z"6VH4444AA1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!4=Q<1
M6EK+<7,BQ0PH7D=C@*H&23^%25A^-M-N=7\"ZUI]B-US<64J1I_?8J<+^/3\
M:3V'%7:14U3Q==:;X=LM6.AW#I>7<$(C:9$:".614623/(/S#Y5#')`..2-8
MZOY7B%=*NK=HO/B,MK/N!2;;C>GJKC(..XY!.&"\]XKN)_$'@2TE\-6$VKB>
MZM)E6VDB0JD<Z2/GS'0`CRRN,Y#<$#DBYK1.H>+/#5M`62>TFDO[A."8XO)D
MB`;!(&7D`'KM;'W356Z>?Z+_`(+)3O&_E_7^1TU8OB_6[OPWX5O=8L;&*_>S
MC,KP2W)@W(!DX8(W/H",>XK:KG/']M?W_@35;'2=/FU"[NX&@CAA>-""PQN)
MD91@=^<^QJ64MRR/%.DVJK!K>JZ58:@@C%Q:F_0^4\@^5<MM)SSC*C/I3;?Q
MGX>N=3U:PCU>T$^CC=?!YE40C&23D]!D9/0'C.00.)\7:3K>MWFMSP>#[R1[
MSPW]@MI))K3<DSLQ9#F;@#<N2,@[3C.!F75M"U_43K0BT2\1+N:QOU3[='`9
M1"L>^W\R*7<DN5.&'R9`^?%/^OQ_RU%_7X+_`#MY6.IU*]\$:M;Z?J6L7/A^
M]A4M+8W5U)!(H(959HG;(X;8"5/7;WQ3]/\`'OA;4[:ZN+77K#R;2X>VEDDN
M40!U#$]3TPCD'N%)&1S7)Z3X2%AXWT/4[/P=>6T*?:Y)KJ\O(KF>!I0H!D=Y
MG<DE7.$+`!_4MB.Y\/:F^J627'A*>]%GXFEU%+S?:LHA<N0R[I0X()0D;0?E
MXS@4+=+^MTORNP>U_P"MF_SM]YW\7B/1)]3CTV#6-/EOI8A-':I=(97C(W!P
M@.2I'.<8Q67!XVL;OQ\?#=E/I]V([.6>>6WOE>6WDCD1&CDB`^3[_!+9^5AC
MBN6U_2/%%[XYAGM='N8K.WU3SDFM#9K#(C6K1?:'+,)FE5GP1PNQ0`&(R<T^
M&?$][9:?I7_"-S6,MKX?NM(EOFNH/(DD8Q%6!23S=C^4V3L#`R#CJ0+77U_)
M_K;U_`;5M/ZW_K^M3U&QUJQUK3I;OP[?6.J*FY%>WNE>,R`9VLZ;L=1G@D9Z
M5D>$?&:>(]$O;N_M!I=SITSQ7EN9?,6,`;E</M7<K(58'`ZD=JA\'Z5_95MJ
M%^F@:GI]S<JAE@OM4-Y/.Z*1P[3.H&"%7+*3CD``5B:?X<UMKZPOH]+DL(+N
MW^RZU:7$D1E=8FWQ,I1V4[LM&?F'#\XQ0][?TA+:YL^'?']KJ7AO^V_$7V'P
M]:RWDMK;"[OP&D,;LA#;E4*Q*-\H+<=ZT8O''AJ74-5LO[:LHY='Q]M\V=4$
M.<<DD]!D`GH"<9SD5YQ8^$];FMK8ZYX6U>6T6348I;*VU=+:7;<W!F5\Q7"J
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MM,L)7MY+@WHBEGE3(=8(RI5PI^7+N@R&`Z9.M!XCTQI["RO;VULM4OH%FCTV
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M=%N;0:S?1E;/S82]NB0A#++M?;R5Z(7.-ON`1UC=_P!:+_/\!O3;N_P.BN;W
MR-1LK7?:C[27&V6XV2':N?W:8._WY&!SS4-GXBT74+>ZN-/UBPNH;,D7,D%R
MCK`0,G>0?EP`>M8GB72[BY\:>';^UT1KU;47*W%TK1+Y:/$5"$LP<@L1PH(X
MR:B\`:=JVGPWBZE:7EI:E8DM8=1>"6YB"@YC\V%F\R-<@(7._P"]GL2M6G;^
MOZ_KS6W]?U_7X,M_BAH5[=:;-:3VYT6]MYYGU:6ZCCB@:,H/+8$Y#'>"=VW&
M5ZDD#I;C7M'LYK*&[U6Q@EOSBS26Y16N>G^K!/S]1TSU%><Z=I&N6P\,1WO@
M^]G_`+%M+N)W\ZS8>8Z@(R9FSR`1D@$;N<<U3TOP1JDEEID'B#PWJ-Q&VDVE
MEY4.L&!+26W)&9DBG"R1DD.I7>PY!4&G'7^O7_@`]$>D^)/$":!9P%+9[R^O
M9A;65FC!3/*02`6/W5`!9FYPH)P3@%FF:KK,FHFRUS1(['$#3?:K:[-Q;G#`
M;`Q1&#<DD%0,="W.VCXTT+4M1_L?5="\J34M$O/M4=M,^Q;E#&R/'NYVDJQP
M3D9`SP21S>LZ!XA\7:KJ<\-AK&B0RZ1+;K;ZAJO[B:X8@+^[@G=0-@8$X!^8
M$`D9"7^?Y?Y@^GR_/_([2+QCX8G@CGA\1Z3)%*SI'(E]$5=D7<X!W<E5Y([#
MDU+/XGT&UTNWU*YUO3H;"Z8+!=27<:Q3$YP%<G#'@]#VKSUO#-T)=+N;7P5J
MGSZK;W-_'?ZM'>2#RHW4/F6X8$`NNW!W?*20,*#5@\)ZQ<16\FL>%]5ELO.U
M&*73[75DMI@MQ<&97S%<*CQE3L96;((X4CFG_7X?J]`Z7_KK^5CU"37]'AOF
MLI=6L4ND#%H&N4#J%4.V5SGA2&/H"#TK-N/&5A)#IMSH3P:U:7M^MD]U97<;
MQP$CJ2"<GH,#UYQ7+:3X;O\`1K?QDFF^#[9)+N");1+AH7AOBD(0HQ\PNP+;
MC^\VYW9)!)Q1T[3/%5K>7+S^'=8N_M.NVE]Y]U/IZR")(D1BPBD5<@H<`#D8
MY)S0M9)>GYJ_X"?PM]=?RT_$[7Q%K^LZ7KFEZ=I&D6-]_:)D59+K47M]C(A<
M@A87XP.N>O;O4>C^/]%OO#EGJFKW=MH;W$LEL;>_N4C*SQN4>-6)`?#`X(ZC
M!P.E4_&FDW>L^)O#L::3JES86TTCW-U87ZVIB#HR#YA,DG!()"@Y'J>*Q_''
MA348?#D7A_P5H++8#2[FU22R-MYJ,P7;$[7!SY3\ERN7+*IR.I2?]?U_7ZTE
M=V.SU?QAX=T&.Y;5M:L;9K5&>6)[A?,`50Q&S.XG:RG`&?F'J*BMO'/A6ZMH
MYXO$>E;9!&0#?19!D^X#\W4X(`[D&N2T?P]J$EGXU`\*RZ//K-JJPM,UMF=Q
M;["&,4C<[]QR>/FSG)-9VN:-K^K0ZF1X+O3-/X8&EV[RSV199BS;AGSCA>5.
M<\[?4#+7Q6?E^3_R2^8+5+^NW^;^X]/DUK2X=8CTF74K--2E3S([-IU$SKS\
MP3.XC@\X[&C3]9TO5_,_LK4K2^\H*7^S3K)L##*D[2<9'(]17GO_``B=S=Z_
M=W6N>&-1OUN+B._@8ZMB"+$2J89;?SPAE`4H"%9&##+`9KI?`&F76B_#BPTV
M;1QIMU;0NALW,6TODG.8V9<,3G.<\\BELK_U_7_#B6II1^+_``U-&[P^(=*D
M2.=;=V6]C(65L[8S\W#'!PO4X-2GQ+H?]C2ZLNLZ<=.A8I)>?:T\E&!QAGS@
M')`^IKR.;P]XNN+:_2[\'WURM_8V%NUJ)-.C@M_)G:22*-%E'[D*<(&W,>C$
M5O+I/B*'Q)<ZM#X8N_LL&NB^6R-Q:JUS$;1;?<F)2H9&4MARO!&#G@.W]?-+
M_@_U<;_K[K_\#^K&_8^)=*\0>`_^$OUC2[*9-+:YN(S"RW:H8'=?,AD*KU"9
M#`#@U/!XPOX-(N=3US1HX+.#3GU$76GWGVN&1``0BML0[L9/3;C&&;G$'A"U
MUG3O`NH0'1&L=0%U>S6MI>21%)/,E>6,$Q.P`^<`\Y!![8)SM"T#4=(U35;K
MPUX>ET*SDLI/^)5=7,36MQ>9&R2)(W81K@$,?DSE?ER#0]VO+]/Z^[8-/Q_"
MYKP>)]>DTJ:ZD\/V>X6)O8)H=3,MK,O!">:(LAMI)^X1TP3D[:NB>.M3U#5]
M.T[4M$L[6;5M,;4;(VVI-.-H"G;*#$ACSO'S`,,Y':LO3_#]]I5QK,^@>&+_
M`$C3[BQDCDT=;FW,=Q=,0%E@02E(P%W;LE-V5^7(J'PIH.K>!H;"\T7PG-]G
MO[2.+5]*@EM8Y8+F)-HN$/F"-@^,,-X/W6QDL*:L_P"O\7_`_"ZU=I=_Z^7_
M``?QL]$=EX/UZ_\`$>BO?ZEIMOI["YF@2."[-P&$<C1EB3&F,LIP,'C'0\"5
M?%&E6^G6ESJ^K:39_:Y&CA(OT:.5@Q&U'8+N/J`.#D5G>!;:_M_"DUIK6C7%
MC+]JNG^SW#PR>:DDKR#'ENR]'`()'(/;D\?;^'/$%OX8T:TT_P`/7^GWUO\`
M:8QMELWMXXWGWK#<1&0JT17!S'EUV\>A/M6_K^OZ\@Z??_7]?\$]#U[Q5HOA
MEK%=<U""S-_.(+?S7"[FQD\DX``ZD\<@=2`:?ASQC::[)+:W0ATW4EN;B)-.
MENHWG9(G*&3:IZ<<XR!TR:/%]I?SIHUSIUA+?O8ZG'<2P0/&KE`CJ2/,95X+
M#C-<7!H6O?VA:2Q>%;RSE;Q#>7TUUYMIE(Y898TD;;-EB/,7(&3A#[`PF]?G
M_P"VV_-E.UE_7\W^2.]F_P"$7\8I<:=<?V1KRV4P\^UD\JY%O(,@;E.=K?>'
M(!ZU!X5UK4-6DU."^TJST^/3;HV<?V:\:;>54$\&)-HPRXZ]^F!G#^'WA>31
M98Y;[1+VQO[:R6RFNKC5I+N.X"D8\A6E?;'P6PRH1N``ZTFD7OB72Y-<6+P9
MJ;2W^HR7%M))<V8B561%!DQ.6`!4DA5)QTYJTDI6\OQNOTN2V[7\_P`+/]3J
MEU^QACN)-1O]-MHX[I[=6%ZI!*KN*MD+M<`,2G.`,YI;+Q)H>I7,-OIVM:?=
MSSPF>&*"Z1VDC!(+J`<E<@C(XR*\[;PK>?VA"3X)=X8?%+ZA&1]CQ'`8PID4
M&7C+@-@?-\N2,XIVE:-K<%_IC2>#;N*(:_?WUV3-9X\J=951F`F.XXD4$<\*
M?09F.JU_K1?JW]WW-Z;?UJ_T2^]?/LX_&^BI?Z7IM_J>G1ZCJGF&VBM[L2HX
M1MO#D+DD\8QDG<!G:36C#XBT2Y6^-OK%A*-.S]M,=TC?9<9SYF#\F-IZXZ'T
MK@M"\/ZYI^G^&D30KBR^RKJ%M)$DMOFS6:0&)\"3:5`[(21CI6?:^!M4M]"A
M:W\/7<>JZ<MM'.+K67N(M1CAF1S'!OE8(AV$@.J8)`P!DAK>S_K_`(;K^&U@
MZ7_K^GT_$Z_1M3T3XDV6J0ZAIND:K8:=J)@A82)?038C5ED!*`!L2$$#."",
MFLNT\;WVC;;>[\+V%AHUIJB:,7TZ_,A@9MHC81&%!Y>71>&R,]#BM;P5#J,>
MJ>);C4="NM)CO]06Z@%Q)`Q<&".,_P"JD?!W1DG/9AR><9GAKPE'?>)-4U;Q
M'H&HVTR:J;ZQ%Y?B2#F,(KB&.9XPZX;YF4$;A@Y'#7Q*^UDWZZ7^>X2V=N_^
M?ZV.M7Q+H375[;+K6G&XT]#)>1"Z3?;*.K2#.4`[DXK/N/B#X3M=5MM/E\0Z
M<+BX\P*!=)M4QXW!FSA3SC!Y//'!QYWKGAWQ1J6H7C77A&YNK>2SU*T2T@;3
MUM4::1&BE0&17.[8'<N2=YR%'2NO-CJ5C-X2O+/P[<M%I]C+;3V4$ENKVQ9(
MPHP9`A`V$?*Q[5-]+_UU_P`E]XWO;U_0Z>P\0Z+JDK1:9J]A>2+$LS);W*2$
M1M]UR`3\I['H:BB\6>'9]._M"'7]+DLO,:+[2EY&8]ZJ6*[LXR%!)'H":\NM
M/"'B.71-,TR+PS-I<HT*]L;B=[BW$2SS21O\QBE+D-Y;`LH)^<'UQ?/A!FU#
M1M2A\#ZB+A-4@N+IM0U..]FC"1LI??+<-\H+)C:=QV<@87+[?UUM^6HGI_7E
M_F>JPS17$$<]O(DL4BATD1@RNI&001U!'>GU##/))<SQ/:S1)$0$E<H5FR,D
MKAB1@\'<!R.,CFIJ`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`*CN+B*TM9;BYD6*&%"\CL<!5`R2?PJ2L/QMIMSJ_@76M
M/L1NN;BRE2-/[[%3A?QZ?C2>PXJ[2*5QKFK6^AG4=$\+K*9$>\D@FNA;L4QD
M=$;,S#G:<`?Q,#@5:TKQ!9WM_;&&R,$>KVJ7MI=8`%R-JY5NXD4$<'.5Y!.&
M"T=8UJZU/1+'^P-&O=7T[4$_TF>QFMT9(\8:,>;+&0Q.5..5^;HP%)=^9?ZY
MX3M8[7[!<6;O?3V:LK&VA$$D05BIVC+2*`!D':VTD*35):V_KK_7R)3NK^5_
MZ_KJ==116+XMFU6+PY<)H-E<W=[/B%?LLD2/"K<-*#*RJ2HR0,\G`Z9(E^12
MU8SPWXKL_$LVJ16B/$VFW7D,)/\`EHI4,LJ_[#`G![X-3_\`"5^'?L,][_;^
ME_9;8(9Y_MD>R(/]S<V<#=D8SU[5PS^%M:\+^-K2[TZTU3Q3I=[IIT_4XYS8
M1[(U_P!2`H\H/C+J00?E;KQBJ\6EZCH_P]\):=::&UGKEA>-)!8_Z-)A@DN^
M3RQ,B.,.?^6BD%@>HVE]/N_.U_U^8NO]=K_\`[[_`(3'PQ_9B:E_PD>D_89)
M?(2Z^W1>4TF,[`^[!;';.:E'B;06OA9+K>G&Z,YMQ`+N/>90,F/;G.X`@[>M
M>9VN@-JECIY31-8U"QLEO-.O[&#4%L9XYY)!([#R[@1O$3E2GF-M&T<D-4ES
MX<UJWGU,6O@ZYD)U'2W@FBN;9O,@M3&6PTDP?`\MMH;D[@3C+8:U:\_ROO\`
M=K_PP?U_7Y?+S.ZL/&^BZTCOH6IZ=="&_%E-YEV(\-DCY>"68D':.`V#@XYJ
M_9^)M!U&ZCMM/UO3KJ>56:.*"[C=G"G#$`')`((/H:X:XT+5CY<3>&;BXEMO
M%(U&&Y$EL0(&E+LZEI0PPO!&`3G@$9-5;/1]>AU2RN5\&W,<@\1WFH32-/:8
M,4D4L<;,1+D_ZQ<@`D!3UP`9B[J[[?I']6_N![NW]?%_DOO/1]-UW2=:,XT?
M5++4#;-LF%K<)+Y3<\-M)P>#P?2LKPUXUL/$!:WG:#3M4$]Q&-,FNHVN-D4K
M1ERJGI\AZ9`Z9/6N=\`:9XAL_%5Q>:YHMW8PSZ5;P`,;-8+9XWD)AB2!BPB'
MF#9NW-@'<>E11^$[Y[E[&Y\/;H;?7+O5Y+S=`4O$D\S$2#?N+LLBHWF!5P&&
M2,9;T_KS_I_D-VL_7]&_SLCLW\8>&H[.2[D\1:4MM$4$DS7L81"XRF6W8&X<
MCU'2G2^+/#L,FR;7]+C?]V=KWD8/[P9C[_Q#[OKVKA]/T;7M+^''AS3;#PU-
M:7%K*ZW*6PLFN;4%7_>P^8QARQ;!)R=KM\N3D<[#X7\3-X8N+&X\%7AND\*+
MH\,KW%D<S;FW8/G<(=RG/&=IXX&3K;^MF_SLOF"5_P"O.WY:GKUYK^F6>H#3
M7OK5M5DB,L&G"YC6XG`!/R(S#/W3STX//!JEX3\767BG2;699+>WU"2V2XGT
MY;E99;<-TW`8./?`!K$T^SU2VU2^-]X4>\CO+J/4X+F1[9C;LL*+Y3`R9$J[
M"JLNY?F'S`9K+\$Z'K&E:MX9%SX6N=/BM-+N[:[F\VUVI+)+&X)"2EFSY9)(
M!Y89[X%O9_UH_P!=/R)OI<[R76[2TFU$ZC>:?:VMBL;22O>`-$&!YE!`$8]#
MDY]JD;7-)71?[8;5+(:9L#_;C<)Y.W.,^9G;C/&<UQ&IZ#??VYXIFMO#>H>3
M>O8R07&G7-M!-)+&3NF0L^-RY4XD`#;2#D<'4DL=<_X5)>V,]B;O6)K*>);>
M(0PM(S[@I?#")6PP+[6VYW8SQ4MM0<E_7]?UY5%7DDS4OY?"?B;3KJ/4Y-&U
M>RT]_,N5N#%/';,%)W.#D(0I/)QQFH;GQUX3TVPTV=M<T[['J$_V6SEAN$:)
MV&<@,#M`7&"<X!P.I`/#R^&_$$DLYT[PM-91P6.E&&"6:V2.=[29I'@^21MI
M(<!21MRIR0,$Z<FA:S]M?7H=#N4-QKT-^VEB:#SD1+<PLY/F>7N8X.`YX`/7
M(&C24K+:Z_-*_P"?I8G=?+]+V^_[SN=4UW2=$$)UK5++3Q.VR(W=PD7F-Z+N
M(R?858O;ZTTVREO-1NH;2UA&Z2>>0(B#U+'@5PWQ/TOQ!K%F]EH6E2W"7.FW
M,#7-K]E$RNX4+$S3GY86Y+;`6RJX*XYV==MKN^\#01C2M1:[Q`WV>TN88KJW
M=2IWJ[-Y99",X+%6QCD'%1TO_7]?UYE=5_7]?UZ&F?$^@`6!.N:;C4CBR/VN
M/_2N0/W?/S\D=,]:+'Q1H&IW,-MINN:;=SSHTD45O=QR-(BDAF4`Y(!!!([@
MUYS'X+UFZNT;Q-HUWJB7EK%&#::C]B6W=)78&YABF5&SO5R8P^'WX&,$F@Z7
M>:I=&.PT(PI8^)]0OY=3D>%8YV#S($`5C(6.Y5)90-JGDX`+_K\;?UWZ"Z7_
M`*V;_2WYGHUOXHT"\AN)K37--GBMI%BG>*[C98G8[55B#\I)X`/)/%-7Q7X>
M>6RB77M,:2__`./1!>1YN><?NQGY^01QGFO(KOPKXFU"&Z&J^";N]%S:6$:6
M['35@M'@F9WCB42C$05BJ;MS8)#&NH\=Z9XDU/5E_LO0;F2U4V,P:S:S4W'E
M7'F/'.TK!_D`R@0@99LL0<!VU2\P?6QU=AX\\+ZCI]_?V^NV`L]/G-O<SR7"
M(D;`[1DD\`G@$]>V16AJ&K+;>';C5M/B_M)([8W$*6\J8G&W(VN3MP1WS7G]
MWX=UR52)-$U&2"TUVXOFAM=26UENHI@X#0R1S*0R;^5<H""0":ZNVTI](^',
MNG:5I,R.MK*MOIWVD22`MN*H9)'(+?-R=Q`.<$C%9R;]FVM[+[[?YE*W/9[7
M?W7_`,B_%XETM;;2FU&_L["YU6-&MK:>Y57E9@#M0'!<C<!P.XI9/%7AZ'6A
MH\VO:9'J98(+)KR,3%B,@>7G=D@C`QWKS]_"&HW]S:/K?A[4+J&YTRTMO)AU
M@P+930DY$Z1S*LB;FW!EWL,'@<5#IK3V?B:UN9=.N)-*;5;PZ7/&ENR2SSF0
M$O*)S(\;?.<>2"O&68+DZ2LI.WG^>B^9G&_+=[Z?EJ_D=OJ?C;38=#O-0T*:
MUUUK*5([B*RO(F\G<P4ESD[<<G&"3C@5MZCJ5CI%B][JU[;V-K'C?/<RK&BY
M.!EF(`Y(%>0Q:-XQ6WU627PI?R37NE6EK%;K+I\4-N\<KLT40208B`?Y-VYL
M`@GI7<>-])O]7@T:ZMK&\NH[.Y\ZYL;2_-I<E6C9,I(DB#<I;D%P"-W/3*:L
MM"NK7]?UT-A_%OAN)@LGB#2T8B,X:]C!Q(,Q_P`7\0^[Z]JJ/XWT66[U>QT[
M4].DO](VBYBN;L0I&3C[S8)`&X`G!&X[>N<>?ZGX0U*.UU:STGP7=>1)X<;3
M[$F\@E:-Y)'<H7EFW<!UW')&5.,@+G1\0:'K.I:9XHA_X16ZNFU1+6XM`\MJ
M=DB1QJ5.Z7AU()R...&)Q1_P?S_RU!^7]:+_`#_`ZU_B'X1AU2_T^Z\1:;:W
M&GR+%<"YNHX@KD9VC<1DCOCH<CJ"!M6^IV%W>W-G:WUM/=6FW[1!'*K/#N&5
MWJ#E<CD9ZUR4WA^;5-3\56FJV$UO8ZHD-Q!?EXBL+I$BCC>6#HZ[@=NWY>M:
M?A=]3CT&SOM6MOM6HZFZR736FU8X05PK8=@=H55X&6RW3K@6VO\`7]:@_(Z2
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`&10Q0[_)B2/>Q=MB@;F/4GU/O0D$4<DDD<2(\I!D95`+D#`)/?@`4
M^B@`HHHH`*I:KHNEZ[:+:ZWIMGJ-NKAQ#>0+*@8`@-A@1G!//O5VB@"*UM;>
MQM(K6R@BMK>%0D4,*!$11T`4<`>PJ6BB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`*H:5H6DZ%#)%HFEV6FQRMOD2SMTB#MTR0H&3[U?HH`****`"B
MBB@`K,M/#>AV&K3:I8Z+I]MJ$^[SKN&U1)9-QRVYP,G)Y.3S6G10`4444`%%
M%%`%:_TVQU6U^S:I96][!N#^5<Q+(NX'(.&!&0>AJS110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
C!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`?_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>aif_pg25.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg25.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#,C8`
M`)*2``(````#,C8``.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,C`Z,SDZ,C$`,C`Q,SHP
M,SHQ,R`R,#HS.3HR,0```$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,C`Z
M,SDZ,C$N,C4U/"]X;7`Z0W)E871E1&%T93X\+W)D9CI$97-C<FEP=&EO;CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.F1C/2)H='1P.B\O<'5R
M;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^/&1C.F-R96%T;W(^/')D9CI397$@
M>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS
M>6YT87@M;G,C(CX\<F1F.FQI/DUI8VAE;&QE($-R97-P;SPO<F1F.FQI/CPO
M<F1F.E-E<3X-"@D)"3PO9&,Z8W)E871O<CX\+W)D9CI$97-C<FEP=&EO;CX\
M+W)D9CI21$8^/"]X.GAM<&UE=&$^#0H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(#P_>'!A8VME="!E;F0])W<G/S[_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`(W`;P#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Z1HKSWX[R
MRP_!'Q$\$C1OY<*Y1L'!GC!'T()!'<$BL6W^"OPQ70X]0O;8Q0B,&6=]4E5%
M;&&R=^!@Y%`'KE%>.:G\)?A5IVE1:@FG7%['/*(8%M-1ED,SG/"X?!Q@D^@!
MKA+WP;X6?Q#!9Z=X1,,<L#(L=UK,H8W'R'#E6.U1G&!DG=T&!C.52$/B8FTC
MZ>HKP>'X;?#Z.-5U3P=JRR+_`*Q[2^EFB^JCS-[?]\9X-16W@3X82ZG;VUYX
M/U[3H9\A;R[NW6%>N-Y$I*YQQD#KSBE&M3EM)"YD>^T5YC'\`_AQ-$LD6F3N
MC@,K+J,Q#`]"#OYIP_9_^'1Z:3<_^#"?_P"+K4H],HKS3_AGWX=_]`FY_P#!
MA/\`_%T?\,^_#O\`Z!-S_P"#"?\`^+H`]+HKS3_AGWX=_P#0)N?_``83_P#Q
M=<3\0/A+X0\/:WX.M])L)X4U36H[2ZS>2L6B(Y`);Y3[C!H`^@:*\Y_X41X#
M_P"@?>_^#.X_^+KB;3X7>%9)M05[:[<0:A/`A%_-PBOA1][G`XS6-:M&C'FD
M3*2BKL]\HKPO_A57A+_GTO/_``83?_%T?\*I\)?\^=Y_X,)O_BZY?[0H^9'M
M8GNE%>`VOPL\+3W$TODW?DHQB6);^7@J<$L=V<YZ#CCJ,GBU_P`*I\)?\^=Y
M_P"#"?\`^*IO,**[A[5'NE%>%_\`"J?"7_/G>?\`@PF_^+H_X53X2_Y\[S_P
M83?_`!=+^T*/F'M8GNE%>%_\*I\)?\^=Y_X,)O\`XNC_`(53X2_Y\[S_`,&$
MW_Q5']H4?,/:Q/=**\+_`.%4^$O^?2\_\&$W_P`51_PJGPE_SYWG_@PF_P#B
MJ/[0H^8>UB>Z45X7_P`*I\)?\^=Y_P"#";_XJC_A5/A+_GSO/_!A-_\`%4?V
MA1\P]K$]THKPO_A5/A+_`)\[S_P83?\`Q5'_``JGPE_SYWG_`(,)O_BJ/[0H
M^8>UB>Z45X7_`,*I\)?\^=Y_X,)O_BJ/^%4^$O\`GTO/_!A-_P#%4?VA1\P]
MK$]THKP,_"WPK->!((+L)"3YV-0F.3CA,[^.H)X_*LO4?#_PLTG4);'4]1%K
M=18\R&34YPRY&>?F]#5+&TY.T4W\A^T3V/I"BOF;[!\'_P#H-1_^#2?_`.*H
M^P?!_P#Z#4?_`(-)_P#XJJ^MQ_E?W#Y_(^F:*^9OL'P?_P"@U'_X-)__`(JC
M[!\'_P#H-1_^#2?_`.*H^MQ_E?W"Y_(^F:*^9OL'P?\`^@U'_P"#2?\`^*H^
MP?!__H-1_P#@TG_^*I_6H_RO[A\_D?3-%?,IL/@^00-;C!(Z_P!J3\?K4-I:
M_"2:TCDN-52&4CYXSJLYVGH>_3N/K1]:C_*_N#G\CZ@HKYF^P?!__H-Q_P#@
MTG_^*JUIOASX6ZS?)9:5J`N[IP2L4>J3[FQR<?-S2>+BE=Q?W"]HNQ]'T5X7
M_P`*I\)?\^=Y_P"#";_XJC_A5/A+_GSO/_!A-_\`%UG_`&A1\Q>UB>Z45X7_
M`,*I\)?\^=Y_X,)O_BZ/^%4^$O\`GSO/_!A-_P#%T?VA1\P]K$]THKPO_A5/
MA+_GSO/_``83?_%T?\*I\)?\^=Y_X,)O_BZ/[0H^8>UB>Z45X7_PJGPE_P`^
M=Y_X,)O_`(NC_A5/A+_GSO/_``83?_%T?VA1\P]K$]THKPO_`(53X2_Y\[S_
M`,&$W_Q='_"J?"7_`#YWG_@PF_\`BZ/[0H^8>UB>Z45X7_PJGPE_SYWG_@PF
M_P#BZ/\`A57A+_GSO/\`P83?_%4?VA1\P]JCW2BO)/@Q80Z/XJ\;Z58O,+*V
MN+4PQ2S-($W1L3@L2>>/R'I7K==T9*45)=31.Z/._CW_`,D.\1?[D'_I1'0G
MPIT2^N+/5#/=J99DO;JW>3S(IVV\+M;(4<GH,D$CTP?'S_DAOB+_`'(/_2B.
MM?Q%X@NO#_@[3FTN&*;4KPPVUI'.&\LNRY);:,X"AC^&*<K)78,Y&'0--T?Q
M_K,5A!M,443H5?Y8TEW-Y>S@`@@X(R=I`S@`5=_LZ,:A]KB;RW(`($:GG/)!
M/3/(..3QR,5GQ6VJZ-!F./\`MJ:5O,N[J64I/<2'"[MIRH`&,`'``XQ5V34[
M.XM9%M[J(3/&P5'D$;AL<`YY4YQU'O@U\U7FYU'*.S.63N[CH9KA+F6&Z,3E
M8E=!$N"_7=@$GT'Y_C4-_<->Z6T-G!YTES'@1S(57!8!@QP0K#/<'!'(J2&P
M(>*X2]=I/FWN`")05X'?&,*1CN/3BK-M;16D;)`NT.[2.?[SL<LQ]R>:Q=D[
MDF?I6L7VCZBEIX82-["Z7>8KA`EO;;25)C"@$LQ!R,XZ$5N0^/I].,LWB*"V
M6Q20J;FR$CF'Y=WS(5)8`8RR\>H'.,R32;>X!%S)<3J)/,17F;]VV#TP1Z]#
MD=*9+8QV5A=-IU@EQ,5=EMVDV).Y!R&)R/FS@\5V0QE2-DG=&BFT>H*X=0RX
M((R#ZTZO,O"_B[4-&L(M%O=)O=1-@!'+=03!@H(!51YFTN1G&`6(`&22:[G3
M-?T[5E3['=IYK#/D.0LHQURAY_'\>E>W"K"?PLZ%),U*\R^+?_(R?#S_`+&2
M'^1KTS->9_%O_D9/AY_V,D/\C6HST:[F:"SFE5"[1QLX4=20"<5YCX>3;X;T
M]RV]YH%GD;'WGD&]C^)8FO4V0,I5AD$8/O7F\.FMX=:'0[BX25HHBULX!!D@
M4@`G(QN7(4@$\`'O7F9A&3@FMD]3*JFT6****\,YBE(JZ;]INU5Y5FE5Y$7E
M@3M0D>V`./J<U=((.#36571E=0RL"I!'!![56MC<13-;W(C*9/D2JW+*.BL#
MSN`[C@CTZ56XRW1114B"JVI7@T[2;R^9#(MK`\Q13@MM4G&>W2K--DC2:)XI
M462-U*NCC*L#U!'<4UOJ!C6WB(SZ7/<R6$D$\-TMH;9V*GS&V;<EE!4'S!R1
MZ]1C-F/64DL;2Y,#*;F[%H4W#Y'WLA.>A`*GGN,59CTZQALFLX;*VCM6SNMT
MA41G/7*@8-+-I]E<68M+BSMYK5<8@DB5HQCI\I&..U:-P;T6@]""\U3[)<2P
MK;O-)'9/=@*<;@K`;1[G/Z57@\16UW"D]HC36\EW%:QS*PP[.`<CV7(!]\^E
M::P11E3'%&I1/+4JH&U/[H]N!Q[4R&RM;>"."WM8(H8FWQQQQA51LYW``8!R
M2<^M2G&VP%+3==MM4U34;&#'F6#A'.\'?U!.!R,,I&#['H16I44=O!$VZ*")
M&`(RJ`'!.2/SYJ6IE:^@!4%Y*;>QGF!V^5&SDD$X`&2>.>E3U5OY`MKY>,M<
M,(47&<EN.GH!DGV%"W`YOX@:G=>&?AO=W6@RBWE0(B28W%0[<L,_Q<GD]R:\
MO^$M[!867C+6K^P@U66QT]+D1W0#;V#.3R0<$^M=M\7-;T:/P#=Z1%J-JUXS
M1K';)(&?"L,\#I@"N1^".C)XBMO&&CRSM`M]I\4)E5=Q0,SC('>NC$<E/+:D
MJND;J_IS1OMKL=>&3N>L6UWI;:GI]J^D>';\7Q9<Z:J2-;XC+[G&WA>-N?4B
MLVT\0:;?0^'B-!\/6)UC3'OV>]"JD95D&P';R3OS^%>CQ6R);^5&BK\FPE5`
M[8KG-%\#0Z-+HC"[:Y&CZ;)IZJ\('FAF1MYY."-F,<]:^"AC,)*,I2BTTW;6
M6NDK>2UY3U'&5S#37]#-[/IR^']'OKT7$-K;/91HUO-)*K-M+E?E**A9NO&,
M<G%:%U)8:3?0V>L^'-'#W<,SVDMM"K([Q(7:-@R`@[02#R#@]*MCP);Q&9+6
M]EMK5;M;ZPACC7_0)^=QC)XV-N.4(Q\QQC-3GPK/=:S;ZCK6HG4/($H2`P>7
M'&)$V,4`8D-C(R21AC@#-.I7PG->#=K.^LKWMI;HM=_GJU8+2,>ZO]*MOA8O
MBX>&M,:1M.BO?LQ@0+EPIV[MN>-W7%7-/ALM7EUF"R\/Z-%+INIFR4S6X*R*
M(T?<<+D'Y\8Z<5)_PA<DOAJ/PU-JSRZ)'&D/D_9@)FA0@B,R9QC``)"@X[YY
MK7T;1!HUUJTZ3-,=3OVO65DV^62B)M'J/DSGWK.=?#QH3Y&W.]X_%M=67R5_
M\PL[JYPUIK,=SX5L]7_X1;0/.U&[-C96BQ\O-YS1_,Q3A0J.YP,X%:,>I:._
M@BWUW_A%+-IWF%M/;):HPM9?,,;ER%)V(022!G':KFG_``[M;6#2(+N]FO+;
M26N)(HPIB)EED+^865L@J&*@>^:N6GA`Z8FHQ:/J=U8Q7=TEW&D8WF&0`!QE
MB=ZN0"0??GFMZN(P3T@W\5_M6:NU;J]M=N_H"4NI!HT&F:E<21OHNA7$2)N-
MU9+$ZJV<>6R$!E;'/0CKTKF_&&GV5A\6/`PL;*WM=_VPOY,*INPBXS@>Y_.N
MULO#[P>(7UN_NDGO#;&U7R+?R$";@QR-S%FR!R3P,X`S7)>.O^2L>`_I>_\`
MH"5>654\UA&G+3EE=7=K\C[_`.2]#.O_``6=51117UIX84444`%%%%`!1UHK
MC?BAXR_X0WP=-/;/MU*\S;V8'56(^:3_`("#GZE:N$'4DHQZC2N['7QRQS1B
M2&19$.<,C`@X.#R/<$4^O#_@)XTRTWA/4)22=UQ8,Q[]9(_YN/\`@?K7N%77
MHNC-P8Y1Y78*2EI*Q$4/A7_R4/Q__P!?%G_Z*:O4J\M^%?\`R4/Q_P#]?%G_
M`.BFKU*OJJ/\*/HCKCL>=_'O_DAWB+_<@_\`2B.HOB#87VH>'/#<<,+OI\4T
M<UX]O;&6>+;'N1E(Y1<@AF'S888/7,OQ[_Y(=XB_W(/_`$HCKN=,7.D6?/\`
MRP3_`-!%7*/,K#L>8Z7'?RPK>33VTCW(+^9L+X#8("D-C9QT_,D\EKZ2VH7U
M[+=2SI&^(5'"ET!#=,?=S\OJ1NSP0*U=:L?^$7UP[46/1;]\PN.$M)S@&(CH
MJN>5/3<2.,BF30RM$XMIS#(Q)#,@<`XQT/;V&*^;JPG1J-,Y6G%V)E4A0O7`
MQG&,_EQ2UG117-X&^UW*;K=BFVV8JKN.C-@Y';Y<XZYSQB<74D$4?VV(HVP;
MWCS(H;'.3C/T)'/M6#1):HI`00"#D'D&EJ1!DGOTJE+H^FS-*9K&"1II/-D=
MTRS/MVAL]00.!CH.!BKM%--K897LOMF@G?X>**A):6RN'8Q3'!Z-R8VR<[@"
M#CD=ZQO'&N+KNK>`I?L[V\UMXLCMYXV.0'50<J>ZD,"#QUK:@F.H:JVE:6T,
MU_&H>9&?Y;=#_$^.1GL.I/H.1D>/-'BT34?AW;1RM/(_BB.::=P`99&R2V!P
M!V`[``=J]O`.LU[WPG13YNI[`:X#Q%(+GQ\JJ,_8=-PS9Z-+)D#ZXCS^(]:[
MN:4Q1/)L+[%+;5ZG`Z"O,=(F:^M&U:=@T^JL+R0KG"AE`1![*@5?P-:8^HHT
MK=QU':-C0HHHKY\Y0JI?JQCA>.0H\=Q&P]&!8*P/MAC^(%6ZCGB$]M+"3@2(
MR9'N,4UHQDAX-%5[(YT^WY+$1*"Q[D#&:L4=0"JUYJ-EIT:OJ%Y;VJ.<*T\H
M0,?;/6L3Q!XTLM&O5TJQ@EU?7)>(=,L_F<G_`&ST0?7GVJSH/PN767&M_$P)
MJNIS1D1Z<>+6P0G.Q5_B;'5C^N,UJH**YJCLOQ?H:PI2F;*.DL2RQ.LD;C*N
MC!E(]B*=63+\&K&QF:;P=X@U;PZ6;/D02":W]_W;_P"-<_K^B77AN:&'5_B_
M<VS3LPV/9Q&084GA1DGIC'&<\>E$80F_<E^#+>'D=K2UYA$/'37P/@6^USQ#
M;L1E]9TQ+:W;U(=RK=,=`*C'B#QAK-IK,VI:UIWA2+19&BOK>"W\VX1@.Q8X
M.?X2#S6OU9_S(SE2E$].N+B&T@,UW-%;Q#K)*X11^)KC]7^+7A+2B8XKY]2G
MZ".Q3S,GTW<+^IK.\"?!J+Q=H2Z]\1+O4KN:^`DM;>2Y96CA_A9R.[=<#@#%
M=A%\`_A_$`/[+N7(YRU[+G^=*V&I2:G)MKL:QH/J>?R?$7QKK[B+PEX1:V60
MX2:^/)^F=J].>]4&\"^/?%UY+#XI\3);Q0;6>*%BRJ6!X"KA<[3SST/O7H7B
M3X+Z7:Z4+WP#!)8>(+&59[21[EV60@\QMN)P",],9Z'BH_#OBE;O4I=$UNSE
MTC7XV9I+.<Y6;G!,+CAU'M^O)K=5HJ/-ATONU7XL4H.&R/-O&?PHT7PEX#O=
M3ANKN[O8VC`>0JJ#+`'Y0/YDU<_9O_Y#OB#_`*]8/_0VKK?C!_R2_4?]^+_T
M,5XW\._B%)\/KZ_N(=.2_-Y&D95IBFS:2<\`YZUEC*5?'Y75I0UD]NG5/]#3
M#3M)2D?0GQ`A:YU+PC`L%O<>;JY4PW7^J?\`T>4X;@Y''H><5B>-/#TVE^$M
M6O&%G;1W4EA`NG6F5MU*W2Y<Y`^9MV#A>@[UR)_:0N2P)\+VYP<C-X>/_'*&
M_:1N&&&\,6[#T-Z3_P"R5\UALJS?#QI1C25H;^\M?>YOEZ[G<ZE-MW9V&L6M
M_IGBRR@L]/TG0IQ%/-83V*D+J,XB8+;.=JA>2&P<YV\<@TERVE'X=QW.F3!O
M%)MT\IPQ^W-><95Q]_&_((/R[<]JY!OVD;AL;O"]NV#D9O"<'U^Y2?\`#1\W
MF&0>%K;S",%Q=G=CZ[*T669I:%Z"O&STFM;-Z.]W9WVO_DCVD.YZ-XTU2WO;
M.STF&8/JL&K:<9K9%(;_`%T;L5'\2@9)(R!@Y/%8/A6/39;&^:^M_"\K?VM>
MAGU*91-M^T/U!4]NG/2N8/[2$YD$A\+VV\#`;[8<@?794;?M$%B2WA"R)/4F
MYZ_^.5%/)\PIT/8JAI>_QK?\-`]I"][_`('I(_LZ3QGK,7BPVGV5$@_LE+UE
M$'D>7\[(&^4MOW9(YQMZ"H?$.GZ-<_"#59[*W>YM[;3+I[*>^5GE0;6(*,_S
M`9`VGT`KSY_VC99%59/"MJZJ<@-=Y`_-*>?VD;A@0WA>W((Q@WAQ_P"@5DLF
MS12A-4_A<=.=6]U6VZ7Z^K'[6GW/9_#MA9V&AVGV&T@MO-MHGD\F,)O;8.3@
M<GWKC?'7_)6/`>/2]_\`0$KBO^&DKKMX8M_3_C]/_P`15S2?$/B#XE^+_#VO
MQ^'_`.SM-TEIT:Z,V]7WJ`<`[2<;<<9Y/-/`9+F&'Q_UO$12C[WVD]TTNOF9
MUJL'2<4>IT54%E)YC2&_N2[8XRNP<@G"XQVQ^-+'>,/EO8OLSEMH;=NC<G&-
MK>^>A`/7TKW;'CEJBDI:0!1110`5YG\4_A[%XBM=0\17FKW*'3-.E>WM$C7R
MUV(7(SU^9AR?H.U>F5B>-/\`D0/$7_8*NO\`T2U;4)RA43B5%M/0\0^$GP\B
M\36+Z\NKW6G7FGWP6$P1JP!558,<^YZ5]%?E^%>3?L]?\B3J7_81/_HM*]9K
M?&SE*LTWL54;Y@I*6DKB(*'PK_Y*'X__`.OBS_\`135ZE7EOPK_Y*'X__P"O
MBS_]%-7J5?54?X4?1'7'8\[^/?\`R0[Q%_N0?^E$==UI?_((L_\`K@G_`*"*
MX7X]_P#)#O$7^Y!_Z41UW6E_\@BS_P"N"?\`H(K4HCU?2;'6]-GT_5;5+JTG
M`#Q..#@Y!'H00"".00"*Y.]\(:QI_P"]T;4/[0@7K9ZA_K"/]F<<Y`Z!E.?6
MNZI&X!(&>.E95*4*BM-7$XI[GEVCS)<VDMQ$GEQSS-*@XY4XPWKSUP<$=,#%
M6YY(XX\2RF/?E`1USCM[]ZY[1[&6];2X+"26R+V_FWWE\,D1=F1=S?Q!\KT/
M&X$COT,V@W\,BW-EJ4MPZ/\`\>]R=L;IM`(RHX;J0>1D].A'Q.*S'"X:O[*<
MK/\`K<SCAISCS1*]M(B316]NDOD"#`#)M$87`&<_-DY_\=/O5VLV5YA<3L;6
M6UOUMBL<4Q3:^"3E7&<X(Y],CBK5E>0W]HES;.CQOG#(P8'!YP1U'O76I1J1
M4H.Z9@XR3LT3T<8Y/%5UN)[JX>WTBPGU*6,D2^056.(_W7=B`#_LC)YSC%7(
MO"^N:G)##JBVMA8EPURL,[2R2I_SS!PH4-T)YXR!UR.JEA:E2S2T&H-FGX!C
M,FB3ZD-_DZE=/=0;QC]T0JJ0.P8+N`]ZY[XM?\C'\._^QDA_D:]*CB6)%2-5
M1$&U548``Z`5YK\6_P#D9/AY_P!C)#_(U]'"/+%170ZDK*QW>M:CI^G6#'5+
MZ*RBGS"LDD@3+$'`!]<9/X5Y_H"RIX<T^.XC\N6*W2)EQW4;<CV.,CV(KH/'
ML4L,NDZMDBVL;AUN,$_*LJ[`^/0,1D]@3[UGD<\UY&8S;DH6,:KUL%%%%>48
M!0#M(/7!S110!G6T=UI\$-G!9^;#&2HE-PHPN>"1C.>>@]*YGXD>*=2\+^%F
MFM6M[>YN6$,4H#N8B>K_`'<``9Y/X5V]8GC+5_[!\%:KJ6P.T%N=B-CEV^5>
M#[L/UK:DTZBNKC6Z,ZZTR^\(_#O2K[X0VT>K7VH2(UW>>5Y[7:E&)E9V.1AA
M[=<5M^!=3^)6KZ3./$]AI^E7"3[4FN(&+,FT'B)6`//&=P^AK6^&7AH^$?AY
MINFO*TLQ3[1,3T5Y/F*J.P&<8_'O72379BO(;=;>:8R9W/'MVPCL7R00#SC`
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MI5)49.4.J$TFM2RJJBJJ`*JC``'`':G5!;W(N'G4131^3(8R94V[^`=R^J\]
M?8U/7,QA7)_$'PGHOB3PS<R:TGDO9Q-/#>Q?++;LJG#!ASQGITKK*@O3*+&<
MVY@$OEML-QGRP<<;L<XJH2<9)H'J>.V-W-+<1^#?B7:1RWS%9;2XE7]QJ:#E
M2,<&0?Q+W-;9\%^%_P#H7-*_\`T_PKL/%?A+3/&>@/IFL1C!&Z*>(#S+=^SQ
MDC@@X^O0UYL^N^)O`\9M/'>DW5_9P8`U[3XS(C(20&E7JK`#G%>A&3JZT]'V
M_P`CBJ4G'6)L_P#"%>%_^A<TK_P#3_"C_A"_"_\`T+>E?^`:?X5J65[:ZC91
M7EA<1W-M,NZ.:)LJX]C5BLG.:T;9S-LP_P#A"_"__0MZ3_X!I_A1_P`(7X7_
M`.A;TG_P#3_"MRBE[2?<+LP_^$+\+_\`0MZ3_P"`:?X4?\(7X7_Z%O2?_`-/
M\*W**/:3[A<P_P#A"_"__0MZ3_X!I_A1_P`(7X7_`.A;TG_P#3_"MRBCVD^X
M79A_\(7X6P<^'-*_\`T_PK9BBC@@2&"-(HHU"I&BA50#H`!P!3Z*3E*6[`*;
M(@DB=&SAE(XZ_A[TZ@?>'L:D17L2YT^W,CF1_+`9VZL?4^]6*I:3$L&FQP1A
M@L3,@W]>&/L*NTWN,****0CQOQ+\<KSP_P"-;[21HMO/:65P86<RL)'"\$@]
M`?PKT#Q'?VVK?"W6=0L)/-MKK1;B6)QW4PL1GT/8CL:\=B\-0^+OC1XTT:8A
M&GCNC#(?^6<JR(4;Z9&#[$U9^''B:XM/"OBKP/K&Z&YMK"]>U20X*,(W\V+\
M#E@/]^O7J8>GRQE3W5F_1F[BK*QTG[/1_P"*+U,8_P"8A_[32O6:\H_9Z_Y$
M74?^PDW_`**CKU>N+%_QY&<_B84E+25RDE#X5_\`)0_'_P#U\6?_`**:O4J\
MM^%?_)0_'_\`U\6?_HIJ]2KZJC_"CZ(ZX['G?Q[_`.2'>(O]R#_THCKNM+_Y
M!%G_`-<$_P#017"_'O\`Y(=XB_W(/_2B.NZTO_D$6?\`UP3_`-!%:E%JJ6L3
M26VBWL\,B1R16\CH\GW5(4D$^U7:R_$>IKI'AV]OF57,41V*PX9C\J@Y(X)(
M[BD]@.`\!6H;3!?2;F988[*%RN/W4:@'ZG?NR>G''OUH&:YOP3:&TTFYAC=W
M@BG\J+<<CY$5&*\#@LK'IUKI1TK\)SB<IXZJV[ZGJ4$E35CCO$MI;RZYY=M]
MH2\G2/[3<K-)MABR510BG&20V,C`Y)[`N5;;0K6.VM0TUQ<R!+>!I,O<RX``
M'8#`&<#"J,U;N]/U*3QB?L5S9K]OML1I<1.2&B[9#]#O8Y"_SKI?"_A<:(9K
MJ^E2[U*Y8L\P0*L2D_ZN,=0OJ3RQY)Z`?HF0X3VV#IRO=6[_`(>1YF(C*55I
M[%KPOHCZ)H:VUR\<ES)(\\[1`A/,<Y(7/)`Z9/)QFMG:/RI:*^R225D(*\R^
M+?\`R,GP\_[&2'^1KTVO,OBW_P`C)\//^QDA_D:8'0_$9F'A=(E.!/?VL;C^
M\IF4D'\JR3]X_6M3X@[WT[2X2H:VEU.%9QW(&YDP>WSA*RZ\/,7^\2\CGJ[A
M1117F&(44'H2<`#J37)7WCN&?49-'\&V,OB75U!W16A'DP^\DO0`''\L@U<(
M2GLBDFW9'5LRQQEW941>2S'`'U->?ZQ?6_Q&\9Z5X1T9VO-,AN1<ZM<1#=`4
MC^81[QWR,<'^+O72Z9\*;C7=M]\3-1DU6;(>/3+:0Q6D`(&5*C!8@Y&2><5W
M^D:'IF@6(LM%L(+&V!R(H$VC/J?4U7M*=)WB[O\`#_@G53H6=Y$5OJR001KJ
MT"Z7*7\I5>0&)ST78XX(/8'#<=!2PQA?%-[(+=5+VD'[X,"7PTG&.O'K[^U:
M3HKKM=0P/4,,BH;2QM;%9!9V\<`D8,P08R0H4?D`!^%<G,K,ZRI!?/%J5Q:7
M[2Y,N8)'@\N,H5R$#@D,1M;.<'VZ9RKGPWJMQJ0U`ZQ!]J0/$I%F0HC*N%&-
M_P!\%R<]#_=%='/!'<P203H'CD&UE(X(JB\MY8"<8CNTVC['`)=DSD#!0ESA
MCWW9SS@CC)J,FOA"Q@:7X2U"TM5^TW@>-A%)-9X+.6C9V6,2EL!267/R]CS@
MX&YX=TJ;2M'BBOKDW5XRKY\Q/!(&`H]@`![]3R34GV^\\Y4;2+D(5R9%EC.#
MN`VXW9SCGTQ38]9CG1$AM[A+N4';;S0E77'4MVP.O7!X`/(JIRG+<0\:A;6T
M5]>3WS&WBFVMYJ;5A*@*47C+9//?)8@>E.M=9L;M04G\MC(8Q'<(T$F[TV.`
MW<=J2ZL+B\T86D][B<HH>=8%*N1U_=MD;3Z?K6#=>`;>\BM()-3NUM[7YTAC
M5%4/NW;@`.!G'R].!2C[-_$PU-ZTU[2K^`36FHVLL9?RPPE`^;^[SWY''O47
MB@Q+X3U,W$<<L?V9]R2R+&K#'0LW`'N:Q9/AW92VL%FU[<?88IC*UNB(HE)<
M-\Q`R>%"Y[BMS6H[?4+1](NH7N%OU,<D<3JK",\,YR?NC/;)R1Q1:"DN5C-"
M(#RD[#:./PH>-)8FCE171P5=6&0P/4'U%5I[.?S#+9W;12"+RUC<;X21G!*\
M'.3R01P,>]1)J$T!BBU2W\AV4`SQMNAW?*,;C@C)8X!'0&L[7V`X+4?A;J&C
M7<U]\.-9_LQIIFEDTF[4/9-GLJ@9CY]*S)?%OB#1AY?BGP-J]NX(!GTU1=0G
MW!!R.G0\UZU<O,EL[VD2SS`?)&TFP,?=N<#\#^-<[::W?:=J4UOKMS'(491*
MT$.(XO,_U84YW>Q!#'OGM77&LYKWU?\`!F,J49;G(:5\1/"^L70M8=36VNR0
MOV:]0P29],-QG\:Z8C#$$8]JU=<\,^'O&>E-!JUC::A!,I"3J%++_M)(.0>.
MH-<'=^$?&7@IC-X9NI/%.C(`/[+O90+N)><^7+CYL#'!IKV=32+L^S_S_P`S
M"=!K6)TPI:R/#OB?3?%%H\VFR,LL)VW%K,NV:!O1E[?7H:ULU$DXNS6IS-6%
MHHS5=K^T2_2Q>ZA6[D3>D!<!V7D9"]<<'\C4V;$6**BBN8)WE6"9)&A?RY`C
M`E&P#M/H<$'%5H=;TNXMIKF#4K62"!=TLJS*5C'8D]A3L^P%ZCZ5#<WEM9VQ
MN+NXB@A&,R2.%7GIR?K2FY@'E9FC_?`F,[A\X`W$CUXY^E%F,J1R0Z?=S0L)
ME2XD\V/;$SKEOO#*C@Y&<'NW%2M<W33!8;(^40?WDT@3GGC;R?\`ZQ_"I5O+
M9G@5+F(M<IO@`<9E4`'<OJ,$'(]:5+B"1@J31LS!L`,"3M.&_(\&F[]@&077
MF3-!*AAN$7>8R<@KG[RGN.Q]#4]5+QXXKNP9A^\DG,*L%!/,;,1GL/D_2K?U
MI-"/%?!0/_#2GB?CM=?^C$JM\</"MQIFK0^,M&5T6<>3?&,?<?;M#'V9?E/;
M(Y^]7NG>CFNQ8MJJJB72QISV=SRG]GM2/`>H$@@'4FP<=?W<=>K4<T5SUJGM
M*CGW)D[NX4E+25D(H?"O_DH?C_\`Z^+/_P!%-7J5>6_"O_DH?C__`*^+/_T4
MU>I5]51_A1]$=<=CSOX]_P#)#O$7^Y!_Z41UW6E_\@BS_P"N"?\`H(KA?CW_
M`,D.\1?[D'_I1'7=:7_R"+/_`*X)_P"@BM2BU7-^.X[EO"%T]E8F^GC:.18D
MC\QP`X)=%P=SJ,L!W(Q725SOC:_U/3?"-[<:)91W=V%V[9I-B1H>'D8Y!PJY
M.`03BE)733!G/>#Y%G\/"[7S,W4\TS"0$')D/\/\/`''4'KS4-I/)XK\1W.C
M[Q:)I5T&G>"X=9'79PH(`&2'4G!X#8ZU1\%6UQ8^%M0BMI8D*/B&61]T:R"!
M`S9_N;P<9SQ78>#/*M_"HFD>X&YWGFFNGSO)^8NIVJ-A!R,`?0<U^<91EM'$
M9K7E4]Y1>F_5_P!;G7*;5*-BGJ/@BZMKHZIX.U>;3-4V!&2[=[JVN5&<+(KD
ML.OWD((]^E4K3XG1Z3J,6D_$33V\-:A(=L5R[[[&Y/K'-T7UVO@BI5^(ZW'A
M&#6=.TP74LUY]E-JDY8I\K/G*JQ)V#)4#/4=JF77=/\`%4L.AZYI%I):WR!'
M@GE\TM(81-\J[-I0(W#[@<@X'!K]%A",%RQ5D<F^YV4<JRQJZ$,C#*LIR"/4
M&GCD5XQX`:T\*6%MJEBNJVNDZB\A32Y=1$]O:QK!YV]=R!AC&.#P#DYQ770?
M$"\'AZ]U:^TBVBBM9+>,)#?%R[2QQ2=XU``69?7)!]C5@=S7F7Q;_P"1D^'G
M_8R0_P`C6I-\3+2V>)+FU6%VNH+>5)+A08M\:NQ/'.W<HP.N00<5E?%HY\2?
M#S/_`$,D/\C0!T_CZ!Y/"-S=19+Z?)'>X'<1L&;_`,=#5B<=1T[5L^--31-,
MET2#:]]JD$D2H>D49&UY6]ANP!W)`]2,..,0P1Q(2RHJJ"QR2`,<^]>)F+BY
M1MN<]7<?1117EF)4U338=9TB[TVY+K#=Q-$YC.&`/I63\%->MSIM]X0N(+*W
MU7P_)Y$C684+=1YXEX'7@!O?!."<!OQ!EN[?X=ZW-ITCPW"6K%9$?8RCC)!]
M<9KJO!&@>'[;P/HYTG3[=();2.97"Y8LX#,2QYSNZ\]:WNE0?-U9UX=.[9U0
M/MS1FL^#1X+:.&.&>]"0NKJK7DCYQNPI+$DK\W()[#T%22Z;'-!=Q//=JMT^
M]F2Y=60\#",#E!QT7U/K7#97W.PYCQG\5/#O@35(-/UY;T2W$/G1M!!O4KDC
MKGKD5T7A_7;+Q-H%IK.E,[6=VI>)I$VL0"0<CMR#69JOP_\`#.N7R7>MZ;_:
M,\</DH]U*\FU-V[&"?7OUQQTJ]I%C_8K0Z186[KI-M:*('9PVPAB-F>K<=_8
M>M;2]E[-*-^;\!:W-8UP_BO3;+4?&^BB\)555<L+I%/WV90J%2PY3E@5R.,G
M''<4QH(7G29XHVECR$D*@LF>N#U&:SIR47=CNUJCBK?XF6U]K5G9V>GEX9KA
MX9KIKI%2(!`X<?WE*L#P?Z5T'ASQ%;^)M-DO+.-XTCG:!E8@@D`'((X((88-
M:*V%D@`2SMU`.X!8E&#Z].O`IT<,%I"5ABC@B3YB(T"@>^!]*J4Z;7NJS%8F
MHK-AUZRG:,(;@^;'YL?^BR8="<!@0N.<]#SCFH[G7HX-'BU&"QU&\65MB006
MC"4GGDHV"HXZG`Y'K6?)*^PRY>79@3R[=8YKQU)AMWE"&3&,\GL,C)P:DAMH
MX99IHUQ).P:1BQ.2!@=>@P.@P*R]/OMMRT=W#=R7A&7G-HZQX).%7)(``4<`
M\G!ZFK\6HQ3)9E4N%-XI:,/`X*X&</D?(?9L<\4W%K1`6Z:R!U974,K#!!Y!
M'H:SWURRC21V-SMBD\MO]#F/S`@<?)R,D<CCWXK05@R@J00>01T-39H#/-K/
MIV6T\&6T2+`L>A!`X\LGIP`H7@=\CG,EQ8V.JQ+]MM8Y3A7V2J-Z#J`>XYSQ
MTZU>QFJMQ8QO.UY!%"E^(6ACN&3)4'D`^HR`<52=P.8U"SU'PXWVW3IGEC:1
M!(G&QMS*"SKPJ@#Y5"!0.K,:W--\0Z?J,I@6>..X#E/):126QGE<'##@C(]"
M.QJ;2=074-/C=Y(OM*YCN(U_@E7AQ@\CD'KVK-UCPS]IG-[I$_V.^P^22WER
M%L=?[O(!RN#UYYK1M2TGOW%Z&9XH^&.B>(KPZG;O<:1K(&$U&PD,;Y``&X=&
M48''%<O=6OQ!\('=>6L'B_35.//LD\F\4<\F/E6X]/SKU+3K::TT^&WN;I[R
M6-</.XP7/T_3N>.2>M6:I8B4?=E[R\R)4XRW1Y?H?CCP[XBE6#3=3B^UMG-G
M-F.92.JE#SD>V:T'T>UDUT:K,'DF2.-$0N0B%/,P^W."W[QAD].V,FJGQDTS
MPQ;^![R]U#287U&67%C-!$5F-VPPC;EP>PZDC@9J7PQ!J=KX4TV#7I/,U*.W
M5;EBV26]SW.,`GU!K=\O)[2&E]+''4I^S8NE:''I-S=SQ75Q,]VV^42[<;]S
M-D8`Q]X^M4H?!MA;Z0^FP3SQ6\GD^84V[F\L<<D'&2`2,8SG&,FN@I:CVD^Y
MB9DNCA]+L[2.[FCDLL>3<8!8$(4Y'0_*Q';U&#23Z)YMC8P0WT\4EBA2.<A9
M&<%"C;@>"2">?7FM2BESR`QCX;M_M^G7275RATV*.&WC!4KM4%3NR,DD'!Y%
M7K?3X;;4+V\C'[R[*%Q@87:N./KU/O5NJ][?6NFVDEWJ%Q';6\0R\LK85?J:
M'*<M`&"0SZHT6UO+ME5]W8NV>/P7_P!"%6ZX"U^*FBHTUQ=V&KV]E+-\E^]B
MWDE"`$;/7D8/XUW5K=07MI#=6<J36\R"2.1#E64\@BG4ISA\2&TUNB6BBBLR
M0HHHH`*2EI*!E#X5_P#)0_'_`/U\6?\`Z*:O4J\M^%?_`"4/Q_\`]?%G_P"B
MFKU*OJJ/\*/HCKCL>=_'O_DAWB+_`'(/_2B.NZTL_P#$HL_^N"?^@BN&^/*E
M_@AXA`_N0D_03QD_I5*R\4?%%+"W6'X>V3QB)0K?VQ&-PP,'&.*U*/4,U'/&
M);>2,L5#J5R.HR/>O.O^$K^*G_1.K+_P<Q_X4?\`"5?%0_\`-.K+_P`',?\`
MA0!Y[XAUO4OA_*WA)]/O)-,:X"VLEPF%DMPV2HD4Y8,,*<\C)R0,5[GH>L:3
MX@T9)=(FAFMM@1H00?*R/N,O;CMZ>U<4_B/XGOGS/AMI[Y7:=VKQG(].G2G+
MXF^*2#"?#BQ4>@UB,?TKFHX6E0E*5-6YG=^;&VWN>B_9XBP8Q)N#!L[1U`QG
MZXXJ-;&V2=9DMH5E1/+618P&5?[H/4#VK@/^$J^*G_1.K+_P<Q_X4?\`"5_%
M3_HG5E_X.8_\*Z1'>0:586L9CMK&UA0L6*QPJH)(P3@#TX^E2_8[?RC'Y$6Q
MB"4V#!P`!Q[``?@*\^_X2OXJ?]$ZLO\`P<Q_X4?\)7\5/^B=67_@YC_PH`]`
M-G`2Y-O%EU*L=@^88`P>.1@#CV%>=?%D8\1_#O\`[&2'^1J7_A*_BI_T3JR_
M\',?^%8.NQ?$7Q5XE\)RZMX*BL+72M8BO)98-1CE.T<'C(Z`Y_"@#K_&5N+3
MQ/I6HJ__`!^*^GR(W3A6F5A[Y5AC_:]JJU;\;S!]>T"WB</)')-<21#JL?EF
M/S"?0%P,=3GCH:J5\_C[>VT['-5^(****X#(..A`(/!!Z&N<^%(70_'7C#PM
M"&2TCDBO[6/?E8ED'S*JYPHSCH![]JZ%T\R-TW,F]2NY#AER,9![&N7^"_\`
M9>C7>J^'KZV6#Q3#(S3W,F[?J,&XE)@6/O@CZ5M%7HSZ_P##[_(Z</\`$>N4
M4@Z4M>>=P?CBL*QUZ"*Z_LB33KBVN;:,%H88C)&D>=J$,!C!`R.`1@Y`(K<(
MR*@N;*"[:)IE;?$P9'1BK#!!QD'."0,CH>]7%I:,"M!K=O<PPR1P7H$SJ@#V
MDBE2Q8`L".!\IR>W'J*0WNHQK=22:2QCA+>4L=PK23`8P0O`!/S'!/8>O$TM
MW]CNA]MFB6&XE6.#J&WD`!,?Q9PQSQCTX)JV>!ZT]%T`JG4[..VEGGN$A6*/
MS)5D8*T0V[OF7J#@YJA>:E:ZG<QZ-;7;P7$ZF9@]J^)(4<"106`7)SCN1G..
ME2RW0%_)_9^E/<7:G:\[((E!QC!D89/_``$-5-+#4=3U=YK[4X4MH(C#Y&G.
M5<.Q#,KN>1@!.FT\]AQ5I16K`T+C7M.M-6BTRYG>.[E`*(87VG)"CY\;1R0.
MO4@=34W]KZ=Y\,/]H6WFSKNB3SES(N<949Y&>/K52_\`#UMJ!#-<74#JD2(\
M4@R@C8L,;@>2<9SG.U>XS5*3P78M@0WE_;(JQ*J0RJ`IC7:&Y4G./7.#R,')
MHM3>[%J:<GB#1H76.75[&-V56"M<H"0V-IZ]#N&/J*1O$.C+*8FU>P$@F\C8
M;E,^9Q\F,_>Y''7D53?PAI3J5*RA2",!AP,(N.G3;&J_[N15>S\#:7:32S/-
M>74TSAY);F8.SX96P3MZ$HN:%&E;5L>IT%RVVTF)8KB-N1VX-5="*GPYII21
MY%-K$0[_`'F&T<G@<_@/I5R4E8F8,%(!.YN@]S[5%;S'^SXIIYX9?W2N\Z?+
M&WRY+CDX7OU/%9W?*!8I*QSXJTR.![BZ::TMU:,":ZA:-'#DA65CP1P?H.35
ML:UI;3)"-3LC+)'YL:"X3+IC.X#/(P"<^U/V<NP7);JPM[QD>5`)H^8YU`WQ
M'!`()]`QXY'/2H;'4EN)&MKE5M;Y,LUJTH9MFYE5QCJIVY!I;?6M+NWA2UU*
MSG>=6:%8KA6,@!P2N#R!CG%2WUE%J-L89FD0]5DA<I)&?56'(/;CL2*-M)`6
M,Y]:&(52S,%4#)).`!WJ@+.>R"O9W%Q.L<>#;S2>9YF,<AFY#X&.6V\DD9YK
M@?BUX@^W^'K;PGHLDBZQKLJQ>21L>&#.9'8$<`;2,COG!XJZ=+VDDEL)NRNS
M)%Q_PLKQR->DR?#>ARM%I<9Z7<XX>?\`W0>!]![UV55[&RM],TZWL+-!';VT
M2Q1JHQ@*,58K>I)-VCLMCS)S<W<****S("BBB@`K%\7Z)!XA\(ZCIMU*88Y(
MB_F#/R%?F!X!R,CT-6=:U[2?#MFEUKE_%90.^Q'D)^9O0`9)Z5Q>I^(=3\<W
M,VE>#[C[/H3(T5SK20/(TK[<M%"O&2$Y..<9Z5O1IS<E):+N7&+;5CT#X7:]
M=^,/AG976O6T;2,&MW!CQ'<(AVA]IXP<#VSG%<9H$"^"/B+J_@]W=-/O'^V:
M.'7"#(S+&O`&03T'%==X)M=3BL=,@L3]FTJQMX[=(Y%8;T`.3@_>8]V''*E3
MRPKG/%[)XP^,EKH=P[QV7ABW6]*J=KS3R8VX8<[0,9QWJHM>TFE\+3?IV.VJ
MDX:G6T49SS17,>>%%%%`!24M)0,H?"O_`)*'X_\`^OBS_P#135ZE7EOPK_Y*
M'X__`.OBS_\`135ZE7U5'^%'T1UQV.`^.?\`R1+Q'_UPC_\`1J5VNF#_`(E5
MH?\`I@G_`*"*XKXY_P#)$O$?_7"/_P!&I7:Z9_R";3_K@G_H(K4HM8HQ110`
M8HQ110`8HQ110`8HQ110`8IK#D8IU,D950L[!5`R23P!ZT`>=7-U_;/B:YU9
M/W<<*R:<D><LWERMN=O3Y@<#TY/H)JH:7,+Y+G58T\J+5)S>1P_\\U95`!/<
MG;N/NW?J;]?+XB?/5DSDF[R"BBDK`DQO$OBBS\+VEO)=075W/=R>5;6MI'OE
MG?C(4?CFL/3K/Q'XH^(F@^()/"E[HFGZ*TQGGN90DTX9&`14')&0!CGK5KPJ
MB>+?C1>WMSY_V3PQ&8+--F8VN&XD<M@C(!&!G/Y&O4K'5+?48@T/FQL03Y4\
M9BDVY(W%&P<$@X/0UO.2HJR5VUKY7\O0[*-)64GN9%GXF>989Y6LO)EQYL,,
MI:>UR"5WKU)R`I4#()]`36]!<0W4*36TR2QNH961L@@]#5;4M'L-8B\O4K59
MAM9`3PRA@`P!'(R`,USDOA?5]-D$GAZ[ME9Y4,F]3$64<8(7Y6`&%`QA5!P"
M>:Y;0EY,Z3L:,US">(+[391%K=L'5]PCECC,;,?X5*DE<L5<@;N%4$X)Q6II
M/B#3=9@CDL[F,O(F]86=?,VY(#;<\J<<,.".14.G):CN/FC\_6H4DN(#'!'Y
MRVW_`"U+YP)#S]T#CIU/7BK]5-0\R&%[NSMH9[I%"KO!R4R"P!`)Z<X]<5+;
M7MM>0I-:S+)&^=I!P>#@C!Y!!!!':DT[*P#I[F&V5#/($$CB->,EF/0`?Y[G
MM60^K1:/B+45>2\N"]PT%G"92J9`S\J@D`8&2,DYJQ$WVGQ+<>7.C)96ZQ/$
MJC*R.=V2<_W0O&/XLY]$U30+?5[J*6[N)_+B(;[.NPHQ!R#\REE/NA4^M6N5
M:2`FDUO2H9Y(9]3LXI8E#R1R3JK(IQ@D$Y`Y'7U%01>)]%GE:.VU2TG**K.8
MIE8*K!B&)!QC"L?H*IR>$--_MHZU?W=W<2Q2&8?:9E,40R&P!@84%0>3D8'-
M5+'PUHFI6TLNCZU//&SLWGV=U&^QR,$A@IY(+<'/WVXYJE"FUN_N$;T>N:3*
MMN8]4LG%R2L!6Y0^:0<$+SR<\<58M;VTOHW>QNH;E$8HS0R!PK#J#CH?:N0@
M\!6Z7YAAU(G2T8-/;<-*\@+,-[]0=TA;C'1>.,UTVD:-!H\+I#++,\FT/--M
MW,%4*HPH4`!0!P!4SC32]UW!%NY!-I,`H8^6WRGH>.E4[.T2X\-VUI<P*L4E
MFD4D*'``*`%1@#'IVJW=*K6DRO&TJF-@T:?><8Z#W--L(DATVVBAA>")(45(
MG^]&H4`*>3R.G6IZ#*,.@Q(MN+B\O+Q[>3S$>X=3\P4HO`4*,`\8`YY.366W
M@#2Y)%:6ZU!Q%'Y<"-,I6#*@;E&WKQGG(Y/&#BNJH_.G[6:ZA9&+;^&;:#4U
MOI+J[N9`XF*SNA4RA2HDX4'."1@':.RBMD<"C-&:F4G+5L#*\3^(+/PKX8O]
M;U$GR+.(N57J[=%0>Y)`_&O(-'O;/36;QM\0]8@37+Z,F&-KC(M;9N5ACC!Y
MSU.`>>_7/L6O65KJ>DO8ZE]E-E<NL=Q'=#*RH3]P<C#'C!]>U8FB_"[P7X?O
M6N],\/VJW&21),#*5R<\;R<?A751J4X4VI7N^W8RJ0<]+G'V_P`4?!=RZHNO
MP1EAD><C(/S(K7T[Q/H.KR>7I>LV-U)_<CG4M^6<FNXN]#TK4(?)OM,L[F+L
MDL"L.#GT]0*P]7^&/@S6HRMYX=L4?)82VT?DNIQU#)@T<]!]T8O#=F0'(X/%
M%8$WPS\4Z*P'@[QG(]J!Q9ZW%]H"\=!(/FQT_P`BJDG_``M.S=;>3PIH^HNV
M0+FVU`I'TZD/R/\`ZU5[.,OADG\[&3HS1U-8_B;Q/8^%M.6XO%DGGF81VMG`
MNZ6YD/1%`YY/>LVZ\$>/X["34K[Q[;V=V1C[';V2FW0DX5%9N2<G&[&?8UTO
MA3X8V6@ZHFMZO?W>NZ\%`%[=MD0\$,(TZ*#D_I3M2CK*5_)?YE1P\NIR&BZ*
M]MXB7Q+X\AAO-8O[)O[/TPQAK:T!.`FX\&0X`)XQGOU':^&=#EGE-[=VT5O;
MB8M!%'%Y3,`!M!4'`"D9!^]GO@G/,:UXO\*^%=<N[+P_;3:_JX<M'I5BA:&W
ME8@DNPRJ_,,YQE<M^%:YT3QQXE\UO%7C"73$;F.ST(>6B?[SGYFQ]36T^::O
M)\J??]$;N4::LSM?%GQ#TCPM<IIPCGU7691^ZTNP7?,1ZMV1?<UQGA'2=7N-
M:U#QAXLS%K&IIY*V@&!:0*WRIQP2<`Y^GJ:T_#OA/2O#$4O]FPL]Q.<SW<[;
MYI3_`+3GDCVK;K#FC"+C36^[.:I6<]$%%%%9&`4444`%)2TE`RA\*_\`DH?C
M_P#Z^+/_`-%-7J5>6_"O_DH?C_\`Z^+/_P!%-7J5?54?X4?1'7'8X#XY_P#)
M$O$?_7"/_P!&I7:Z9_R";3_K@G_H(KBOCG_R1+Q'_P!<(_\`T:E=KIG_`"";
M3_K@G_H(K4HM4444`%%%%`!1110`4444`%8_BZ;[/X-UF7.-EA.1_P!^S6Q7
M*>/[A)M$31XW/VG498T,:]3`)%,Q/HNS(]RP'>IG)1BVQ/8P;%!'IUK&``$@
M1<`8QA14]!.6)]:*^3W.(*PO%/B7_A'[**.SMWO]8O6,6GV$(W/+)C@D=0@Z
MD]JW>,\]*Y+X6_\`$VU_Q!XZOK2>X2XF^QZ7*L)9DMXVVMM7)(W$CI_=8UI3
MBK.<ME^)K2ASRL=I\.?"DGA#P7;V%ZP?4)W:ZOW5MP:>0Y;!]!P/PK?OK61V
M2ZM`IO(5*QB61UC(8C=N"]>!QD'!_&I5N8VO'M<.)(T5R2A"D'(&&Q@G@Y`Y
M''K4_6N6<Y2DYO=GHI6*4VIP6MS)'=!K>)(?.^TRX6+:#AOGSA2..N,YXS@X
M6XOGCE,%K:RW,_E^8`/DC[XS(>.HZ#)QSC%6R`000"#U!I:FZ[#,Y+V0A8=5
MLA;^<N,^8)(B3M&PM@<DM@`CG'X52O?"]M<*SV?EP2%)!LDB$D99\?,5.#G@
M#(((7@8XQMRQ)-$8Y8TD1NJ.,@_A5#;=Z9"HC\V^MHXSE7;=<9R3G<3AN,`#
MKP.35)]A$.BV.IV<EVVJWPN$D<"!%).U0.6);G))Z#@`#OFKMSI=A>2"2ZLK
M>:49P\D0+#(VG#8R...*L1NKHK`%2RAMK##`'U':G'BI<G>XS(\-0O%873//
MY_FWL[K(6W';O(4$]\*`/PQ6Q5/3;=;:T>*.Q6R032$1HP8-ER=^1_>SG!Y&
M:GN96AM)I4C:5XXV98T&2Y`)`'N:)>]("GKMC/J>A75E:R1QRSILW2@E<$C<
M#CGD9''K6#JOA/4=4MF9=46SNKF=)+S[(NQ)$1"JH"03QG.2.2!TP*S[&Y\2
MV/AB2]B6XN=3DD1&CN8KIQTRY$;#Y>2`",+[\5.=5\:13(L5C',;B[*9GMV1
M;=%5,*=A;(8ESOS@8[UU1A.&D6B3J-&TTZ79/').UQ+),\LDK=6).!GWV@#\
M*T*Y1]1\5(MH!:1&6Y8R!1;,5C7>`(G;?\A"98N>_`!KJ^YQTKGG&2U?4:,_
M79;6'0;UM0FE@MC"R22P9\Q`WRY7`)W<\8'6BTT6ULEM5C:X8VG"&2X=BWR!
M,MD_-P._?GK3-;D81V<$=PD#W%Y$@+@'>`=[*,D<D*>F<>E:0YI7:B,I2:1;
MRV;VQENU1YC.2EU(K;BV[`8'(7/\/3'&*8=%@+RL+F_7S5"D+>2`+P1\HSP>
M>H]!Z5HT5/,T!7CLTC:V(EG/V9"BAIF(?(`R_/SGCJ<G.:JG14*E1?:BN9?-
MR+M\YR#MY_AXZ=,5I4A8*I)/`&3Q34I`8MG'"?$-U:B6YNQ#%%)(+IS(D3_P
M;,]&P"Q^JFMH"N3L6O+G5I;@R:W(OG&YM5/[J`P-&"$8,!DELKM(W+QTY)A3
M5?&-U;YM[.&$L`RO/9NN"=JF,J7!P&8G><956('3.TJ;ELQ7.SHKC+C5/%UK
MK*0P:8EQ;%V+SLCCS%08(51N"%MI89(!RH]34KW7BY#`DBQ2,)HFD-O:$!@(
MF=XLES@%@JA_4D8XYGV+[H+G6T=JX:/7?&LFF6DKZ7!'<3W!#1I;S%DCP,@[
M@H!!+<L0"`"*ZO5]8L-!TF?4M9NTM+.W7=)+)T'L!W)[`<FE*E*+2WOV"X^6
M59;SRW^RR6T*F2X,CY:)QAD.W&!QDY)&,#'K7BUIJOB;XIZEJ,TVMW&A:#:7
M#6L<&EY7[6H8[F\X_>X`&1TST];\D>K?$6>XO+LS^'_#%XP?[!#^[NM2``42
M3..54J``H[`?6NJT[3K/2=/BL-,MH[:UA&(XHQPH)R?US79%*@N\OR_X)R5:
MW2)7T#0=.\-:3'I^D0"&%!\S'&^0_P!YV`&X\]:TJ**P;;=V<N^X4444A!11
M10`4444`%)2TE`RA\*_^2A^/_P#KXL__`$4U>I5Y;\*_^2A^/_\`KXL__135
MZE7U5'^%'T1UQV.`^.?_`"1+Q'_UPC_]&I7:Z9_R";3_`*X)_P"@BN*^.?\`
MR1+Q'_UPC_\`1J5VNF?\@FT_ZX)_Z"*U*+5%%%`!1110`4444`%%%%`"$9KB
M/&5D]AKUOKSDM:/;_8[AL?ZCY]R/_NDDACV^7H,FNXJMJ$=O+I]Q'>D"V>)E
MF+'`"$?-G\,UG5IJI!P?435U8X;OZ45G:`TA\/6/G$LRPA0[=9%'"OSR-R@'
M!Y&>:T:^5DK-HXV<C\3=3N].\#SQZ8Q6\OYH[&(@`G,AP1SW(R./6O3O#^B6
MGAOP]8Z/IZE;>RA6),]3@<D^Y.2?K7E_B^,3>-O`*2+NC.L$D>X3(_E7L5.L
M[4HQ[W?Z';AU[MS)\0/&FFHQF\B;[3$L$BKN82%P,+P>2"0?8FM;^(U0U!=1
M$D,VFM$ZQ;S+;2?+Y_R_*`^#LP><XI@N=6\U!_9UL(RF6;[6<JV1P!LY&,\^
MU<[5XJQTEJZO8K26VCD#,]U-Y,849RVTL<^P"D_A47]KV/\`:PTS[2HO2I98
M6!!8`9)'&#U'0UGSVB:PUDFJM-I^I0K)*D5G>$''W6(88W#&.V1FI;7PQIEM
MK,^JHDKWDRNIEEF9RH;&X+GIT'TIV@EKN!2L_'.E7US/'"LA2%9&,XDA9#L8
M+@[9"R$D\;PN:TF\0Z8+B2W6[C>XB=4>%6&X$DC'OC!SC.,$=>*5=`TZ.)(X
MX"J(D285R-PC;<N[^]SZ]<FLZ;P7ITEPKB2X6$>:2@F?<"^>$;.4`+,<#J2.
M<#%5^Z;["U+T%QI^M@WNE3QO<6[-`MPJ?-&?E9D.X9`/RY&.A!'8U=M9VFA`
ME\I;E`!-'#)O$;D`E<X!_,#BH-'T:QT*Q-IIL1CB:1I6RQ8L[=233+JSN([^
M.^TXH'/R7$#`!9TXYR!G>H''8C([@B'RR;41DJ^7;ZLQ6*Y)N8MSREB84V<`
M8)PI.[L.<<]*E2^M)+DVT5U"\X7>8ED!<+G&[:#G&>,^M9\YL->^RV]RLS0R
M1M.UI-;'RY5&%Q*&7'#$$+D'(SR!6E%;6\+%X8(XV/!9$`)YSV]^:':VH#;.
M^MM0MA/93I-&0#N7MD9&1U''-3@YZ5$]K"UXEVT0,\:E%?H=K8R/?H.OI5<6
MEY!:PQ6VH,SHY9Y;J,2F13NX^4KC!(QCLN.]*R;T`O=!164UCJVQ]FMD,TN]
M2]FA"KD?)CC(P",]>:L1IJ*-.9;JVE!3$*BW9-KXZL=YR"<<`#ZFCE\P%N8)
M)M2LG\F)X82[L[.0R-MP,+C!ZGG(Q5L=*I6\;2ZE]IN;#RITME07`D#`[CEX
MQWP"!R1SD>E7J)=@(Y9HX5W2NJ+E5W,<#)(`'XD@?C69I'B&'5KZ[LU@>">U
M8AD9@2`"!DC^$\]/;J:C\2W.GPV42:C]J(:=2C6F3)$XZ/QZ9'&#G(X-7-%B
M2'1[98KD747EKY4WE["Z8^4MZG'4\9]!5<J4+OJ!?K-MY)M0OFF#R6]O:3O$
M(@1^_8#&XD?P]<+Z@$^@T6(`)(R`,XQ6;X>'_$@M9!]H_?!IO]))\P;V+8.>
MG7IVJ8Z)L#2QS2YI.U9[Z_IBB/R[R.X,K!$%MF4L3D#[N>ZMU]#22;`T:*RW
MO=6FCF^PZ8D3*P$37LX42#CYL(&(')X.#QT&>*WB7Q'!X3TRZUG6+J&/3H8<
M+&$)EEG).%4YYSP`,9SDYQ35-M\JW`D\3^*=)\):--J.LW`CBC7*QIS),W0*
MB]V)./\`]1KSA-*U3QKJT&O^.(S!!`PDTW0U;,=MCD/+_?D/H>!T]J;IFCZI
MXHU>T\5>.\)>1C?I^DH?W5B.H+#^.0]23T_#CKSS7:E&@K1^+J_\CAJUKZ(4
M\G)Y-%%%8G,%%%%`!TZT8/H:YW3/##Z?XLN]8:2$K.\[83=O82,I`.1@;0,=
M\Y[4NE^%SI.IW^H6\T;7-V)SN93A'>5G4\<D8*@@YY7C&<5JXP6TAG0].O'U
MHP>PKG;7PY<V?A*XT;[1:79=CY;3PD)@D$[E);G.2#SR0>U:,6E^4-&5!%;Q
MZ:V3#%DICRFCVJ3SC+`\^E2U'HPL:-%9VC65WI]FUK=M;NB2.T3Q;MQ#.S_,
M#T(W`<>E:-)JSL(*2EH[5(S/^%?_`"4/Q_\`]?%G_P"BFKU*O+OA8/\`BX7C
M_G_EXL__`$4U>HU]51_A1]#KCL<!\<_^2)>(_P#KA'_Z-2NUTS_D$VG_`%P3
M_P!!%<5\<_\`DB7B/_KA'_Z-2NUTS_D$VG_7!/\`T$5J46J***`"BBB@`HHH
MH`****`&OTXK@-:U2\UO5=5TAI8DTBVF6WEC6,B6<^6K,A8G&P[\'`!.,=.O
MH!Y6O-Y(C:^+_$-N^=TEU'=(2/O))"J@C_@4;C\*XL9.4*3<3.HVHZ$P''0#
MV%%+25\[YG*<G/;GQ#\;/#NF*/W.A6\FJ7!(&-S81`._7'%>O_6O*_``CD^-
M/C9@`KQVMDA'<Y5B3_*O4\'N#58EV<8]DOQU/1HJT!:*.V:0$D9Q7)8V(;JU
M2[A\N3(P<JZG!1NS`^H//X5''/Y$L-I<M(\AC7%PZA5E8<$<<!N^,#@\9P<6
MZANK6.[MI()2X5U(+1L59?<,.0?>J3Z,";-%9VG7$T3_`-GW[M)<1*-ERZJH
MNEP,L`#U'1OP/0BM&E)6T`*IW3I/.EDES/!,P$VZ%?X589!8@@9Z8ZD9QZU<
MK+TEQ=7>H7R3B9))S!'^[V[%BRC+GJ?G#]?PH6UV!ICO_*EH')`]:XZ7Q_':
MZ>;RYM861G4+#%<CS8@5=BLH(&R3"'"Y.YB%%5&G*>P7.QHKD=0\=K8W?E?V
M;(R?;/LPD:91OVRI&Y5>K$%\A>IQVJ*/XB02FP9;']W=M(K$7*,05:$#9CB0
MXG&0#D%6'.#5^PJ6O85T=G16)X;\3V_B6&]DM8]JVEQY!97WK)\BN&4X&1AA
MVK;[5E*+B[,9DZ/"G]HZS=(LJM-=A6$G`)2-%RHQTXZ]SFM:JB.QU=T$#[?L
MZEIFSM)W'"CMD?,3]5]:DO+=KNRFMUF:%I4*B1.J9[C_`"*IZR`Y'6)+;6/&
M`TX0-N$:PM(8<!^2S*6R/EPO'7D$[3U'9HBHH5%"J``JJ,`#L,5AZ3HUU::H
M\]^\5QY<(B@EV`,.>0@Y*(!@8+,3R2?7=R/6JJ-:16PD,F*^2X=@HVG+'L,<
MFLVP2]73[5;2ZM+JV%I"L4Y0@R-W?"\;2N"`._M4][>MYPL[%X6O3L9D?YO+
MC+<NR@@XX('OCL#5+Q9JDND:`TUFXCFDECAC<@83+<G)!`PH;J,9Q1%-VCW&
M7(]-\Z&W;572\N(0WSJACC))_P">>XCC`QG)XS5V**.",)#&D:#@*B@`#\*Y
M`^(]8L],26.U74`L4<LDTTWS,9&;:J>5%M;"@,3@<''6HI/&>L67AY=0N](A
MG9GCA5H)6"F1D#,QW*-J`G:#DDD5;I3;T_,5SMLCUKQG[5+\3_%S:M<$KX8T
M6X>+3858XO9UX-P?89P,=Q]:]*U_5UT[P'J&K:C$+8Q:>\LD+D.$;9]S(X/)
MQ[UP7PVT]],^'&C02@"1H/.8#C!<EOY$5I17)"4^NW^9SXB34;(WH].LHFD:
M.UC1Y,EY`/G;.>K=>Y[TBR/9JD=PSS(S!$FVY(SG`?'X#=W)YQWMTUD61620
M!D8;6!Z$'K4WON<(ZBLVPNT%H]M"9+BXM2T;1$_.I'W5)/`R",$]1SS5NWFD
M<!+J(03'D('W`CV;`!/J.WTQ0U89/1112$%%%%`!1110`4444`%5KJ6??!::
M>BR7UV_EVZ-G:#_$[8_A4<G\!U(I]S<Q6=K)<W#$1QCG`R2<X``[DG``ZDD"
MNC\*:%-9K+J>J*%U&[4#RP<BVB'*Q#U.22Q[D^@%=F$P[K3UV1I"/,SE?A?I
MT>D_$3Q]91223>5/9;I93EI&,3%F/U))]!T'`KT^O//`O_)6?B+_`-?%E_Z)
M:O0Z^B2MH=1P'QS_`.2)>(_^N$?_`*-2NUTS_D$VG_7!/_017%?'/_DB7B/_
M`*X1_P#HU*[73/\`D$VG_7!/_013`M4444`%%%%`!1110`4444`!&17%^.+,
MV5Y9>((^$CQ9WG3B)V&U\_[+X_!F]*[2LWQ%8?VIX:U*PV>8;BUDC5<XR2I`
M_7%9U8*I!Q?435U8X_D''?I6!XXUN;PYX(U+4[1]ES#'M@/E[QO)`7(^I[\5
MJ:7=?;M(L[K))F@1SGKD@9S[YS4'B'18/$7AN_TBY8K'=PF/<"?E;JI_`@&O
MF(6C-<VUSC6CU-#X>^"(/"6E37OVFYO=7U:..>_N+I\[Y=I.``/E7+'UJLGA
MS7;2VNI=+M(;>\N2L9E:['FJ,DEC(JCS!G&-V6Z\]J?\./%-[?12^&/$L20^
M(=(@C\XQNK)=1?=65,<CH,@@8)'KBNZS[U-6<X5'S:W_`*7R/4C9K0YG1-*\
M0VUS:3ZOJTEPRJZW$88>60$54PNT<E@7)SQG'TAN+?Q1)K!U&&UMXRT+VP@%
MWD+@,4D)*\@L<X&#\J^]=)=W]K8+&U[.D`ED$49<XW,>@'O2VUY;7F3:7$4^
M`"?+<-C(R,XZ9'-9*I*][#L<G!I/B^XUK-WJ9M=/.V.00SAW<*0=ZY7"E@N"
M!C&\^@KIM(AN[?1K:+4IC/=(F)9"<DGT)`&<#`S@9QFK9=0X0L-Y&0N>2/I5
M:_O#9)%MMY)WFF6%43'!/<D]``"2:3FYZ6!(-1NI+.V6:*`3$2HK@N%VHS`,
MV3Z`YQWQBK?(ZUDSOJ5Y9WD$^CPLKQLB(UYQ-E>A(7*@Y([XQ3K2+5[>PG29
MK.YG1R+7EHU,>>`YP>0.,@<X'K4M:#-3-4]+AD@L?*FFCF*RRX>,DC:9&*@D
M\Y`P#[@U(RW37,BJ8DMS%A'!)D$F3GC&,`8^I]*K:?#=6/\`H\\=NT(0R&X@
M7R]TA.6S'ZL2S9![_B5;1H#0IAABY_=(=S!C\HY/K]?>B"XAN8$GMI%EB<95
MT.01]:DS4ZH#R8>$O'A^+$>J->DZ?'>M,;I[K=";4\>0+;&`X'\7K\Q.:]5$
M,0V@1(-I)4;1\ISU%245M4K2J6OT`8D:("$15!Y(48S[T_VHIL@8QN(V".5(
M5B,X/8X[UCON!4TV2.>%[J"ZFN(KB0O'YJ;=@'R[5&`<9!/.<YSG&*NU4TNX
M^UZ9!,9Q.Y79)(`!F13M?(4D`A@00"<'BK=-[@)C-<5;>)/$5W!JL]WI<6GV
MMFC.DK/Y>\AL!-[?*1@$F0<#(`Y%=1K,T\6CW/V+:;N13'`&8@>8W"\@$CDY
MZ=`:L0VT-K;I;6\4:0HNQ8U4!0/3`XJX245=H=]&K'&0^/['3H(;:2'[1+'I
M\T\C07'FD^0KG!9@,[A&<,>N?3FB;XDI9G5GOM-%LNFJ@VFZ5GE<O*K*H4'I
MY1(]?:NMNWLM/LWN;J...*%`"5BW$+T"@`9/7``ZYQBJUOJNDWZR.HV^6YCE
M%S:M$R$*'.X.H(&"#D\<BMTZ;UY&3J5KW7[Q=7T:TTVQ6Y348GN)99)=OV>)
M?+R<#.3^\`X[X]<B7POXDB\4:6U_;6]Q;H)3&!.I4MP#D9QZ_@01VK0^UV8E
MA3[3!YDRYA7S%W.N/X>Y'';TJ9(XX@1&BH"23M7&3W/UK)R7+:UF!YQ\:[J6
M;P[I/AV`G.O:G#:R[3R8@=[@<^P_R:UU1(D5(@%1`%51T`'`KEO$TO\`PDGQ
MRT^&UVM:^&+1I+F0-G]_*/E3T!`P:ZJNB2Y:<(_/[W_D<->5Y6"BBBLCG#MB
MHKFW%S`T9D>)C]V6,X9#ZC/]>#4M%%QE9I[B%U$MNTJ-G,L`SL^JDY]>F>@]
M:G1UD0.ARIZ'\>:=5>2&43F>WD.2FUH7/R/W!_V3[^_(-/1@6**CAGCG#^4^
M[RW*-P05([8-24A!124M`!2%E569V554;BS'``]35>>\6*Z2SABENKV0;DM(
M!ND8?WCV5?\`:8@?RK;TSP=)</'=>))EG*L'33X"?L\9'3>>#*?KA?\`9[UU
M4,+4K.^R[EQ@Y$/AO2)-3U6'6KM"EE;J?L43C!E<_P#+<CL`,A<\_,3QD5VH
M`H`P*6OH*5*-**C$ZDK*QYYX%_Y*S\1?^OBR_P#1+5Z'7GG@7_DK'Q%_Z^++
M_P!$M7H=:C.`^.?_`"1+Q'_UPC_]&I7:Z9_R";3_`*X)_P"@BN*^.?\`R1+Q
M'_UPC_\`1J5VNF'_`(E-I_UP3_T$4`6J**,CUH`**,CUHH`**,CUHH`****`
M"FMU'-.K+\2ZF^C>&-2U*%5:2TM9)D5E)!*J2,@8XS28'!V"K%>ZQ!$@C@@U
M.:.&)1Q&O!('U9F/MG`XJ[5:PM_L]MN>1I9IV,]Q*V"9)&`+-QQ],<8`JS7R
MM62E4<EM<XGNSB_&3W/A;7].\>:=\WV%#9ZA&V6#6SL!N"C'W2<]1T%>IC^U
MY;<26E]ITBR.'B8VCA3$<$#B3DXSSTY'%<IJ^FQ:SHMYIEP`8KN%HFY/<<=/
M?%9GPE\?:=+X?TWPEK>H"/Q+9-)9-:2HP9_+SMPV-I^1?7M523J4KI7<?R.S
M#STY6>DVML\#R2S3O-++C=DD(N!CY5SA??U-1W6C:;>I(MW86\PE&)-T0RWU
M-7:*X>9G45FT^T=U9[6%F6$P!B@)$9QE,_W3@<>U4KS0%ETRUM--O+C3!9RK
M)"86W#Y<X1@V=R<D;<CCIC`K6H[4U.2Z@5;2Y:<R1S1^5/$<.F[<,'H0?0^^
M.AJU69:@#Q)J.4E5C!;_`#-G8P_>?=Y[9YX';K2ZMK=OI`A69)II9R1%%"`6
M;'7[Q`].,Y/;-#C[UD!HT'IP<5FMXCT>)BEQJ=O;RJ@D>*=Q&Z`X`W*>0<L!
MCU-7+>[AOK)+G3YXKB*5=T4J-N1O?([9H<9+<#-GFNM*T[6;U!%<[7:6VACW
M':HC4$,/7<&)"^OKS67)XEFTW3!<I>1:RMU,4MIGC-O'D)N*AE#;LD83`R2<
M9.,UM:3/%$J6$L,%IJ`A6YGMH/NAG8[F4]P6!Y]QGK6GDYSFM.9+1H#B[WQG
MJ:P8MM(BAEN`1:">=M[D.(S\@3!8,<[<]!DD9I)O&MP^F/<6\%O$#<0Q1W$L
MK>7R6+K)\GR.JH20-P&X#.>*[7)]:,GUI^TA_*+4Y.R\93WGB&QTJ/2]K31[
MKG,C!K4["XR"@!!XP<@_-Z@BNL^E&3C&:3/%92:D_=5AF;:.]OKEU:/)&8YD
M%S!&#\R_PR=3TW8/`P-V*TZS4\R?Q(SB*/R;:U,9EP=_F.P)4<=`%4G!Z]>E
M:7>B6X&9K3F*&UG^S1SB&[B)WE1Y8+;2X+#J-W;!Z@&M+G=COZ55U2Q_M/2+
MNQ\^2W^TPO#YL>-R!A@D9^M<C;^&KVX\.W/AK5+^9G^VP3+*X(1X`R.RQEMQ
M;[KY#9P3R`I%7"*DM78.ESK-5TN#6++['?+NMVD1Y(BH(E"G.U@>Q(&:R9O!
M-BUM#!:2O:);.SP)'&A1"SASE2,,/E`P>U4+'PIK.GLD%MJY2TBLY+>,^<^0
M2&"G9C:#N8/N'(QM'RXJI:^%/%RJZW.N1(OV.2W0PW5PS%CM*NQ;^)?F^88)
MSTK:*Y?AG8DV;#P79:=K5MJ-O/,IMXO+$8`4/UY;`YY8D#MVP.*Z,C%<OH_A
MO5=-UU)CJ1>P62X<0F>1CMDDD94*MP?OJ2Y.X%=HX-5_'/C:7PW-8:5H=E'J
M>OZD3]GM'D*I'&/O2R$=$'X9Y]*APE4FHQ=PNDKLX_POM3XB>/X5.1_:B2'C
M'+)77?6N=\'^'9]%M+J^U>03ZYJLS7&HSH<J7).%7_94'`KHZWK-.>GD>;-W
MDV-+*IPS*#C/)QP.I^E,6YMY&81W$+E#A@L@)4]!G!XYXK/UK2)=4*-;W*6[
M"":V?S(MX,<H4-CD88;!@\CU!K,M?!<-E%<"UN<33$/YDD98*ZW'G#`SPIPH
M*C&<9&*48PMJ]258Z4RQJ5#2H"S%%RP&YAU`]3[4&6(`%I8P#ZN,=<?SX^O%
M8$GA>60(XOHQ,97DE<VP89>;S3Y:L3L.?ER<G'OS5;4/!4FH[8Y-4$5O&TYC
M6.W!?$LGFG<22"0P&"`.GKS0HT_YOP"R.J#*<?,.21U].M'UJC:Z8EOJ<]\[
M*\DT:#`4@*PSO91GC>=I(_V>]7ZS:2>@%2Y#P3B[MX/-;;MG5&P[)V('\1'I
MP<$C/:K*.LBAD.X'//\`2DED6&)Y9#A44L?I45G%+$DIN'W/+*9-@Z1@XPH_
M+GW)HZ:@3,RHC.[!%4$EF.`!ZD]JFT?0)O$D8O+RYN+33'Y@@@)BDN%_OL_W
ME4]@N#CDGG`K6VG-XBU9=."%M.A.[49.@;C*P`^IX+8Z*,'[PKT51C&!@5ZV
M"PJ:]I-&U.'5E'2]#TW1+9H-*LX;6-SN?RUY<^K'JQ]R2:O@8I:*]>QN%%%%
M,#SSP+_R5CXB_P#7Q9?^B6KT.O//`O\`R5CXB_\`7Q9?^B6KT.@#@/CG_P`D
M2\1_]<(__1J5V>G'&D6GIY"9_P"^17&?'/\`Y(EXC_ZX1_\`HU*[331G2;//
M_/!/_010!QT>B7?B2>XU*\T329XKQR;:YO9I&EBA'"8B\O`X&[`<9+9R,U#_
M`&_=QW^GZ1H&I273P74=C(DL"NQ"?ZQI26WK\JN0V!VZ]_0@*3'%`'%OXGFN
M7N[BVU`1R6DDD8TF.VWS,58HOF$\J6;&.@P1C-17L%Y>^*]-LMR/;VA59[?[
M,##),5+RR9ZC:NT#T,OY=SM]S1M%`'+>'=:DU^YCNH=514VEI-,2W^:#T61S
MRKC(R..<X&!FNJI,<]Z6@`HHHH`*IZI)9QZ;<'5&1;,QE9C(<+M(P0?KG%7*
MX;QI/)+XMT>Q<DVZV\UT$S@&52BJQ]<!B1Z'FLJL_9P<NPF[*YSMM;7\WA*.
MUCF>VNC%LBDF!5U0-\N\`Y#E``<="34NBPZS#%+_`&[<P3/\JQ^0Q*]22V2J
MD$[@,<X"CFKEY]M$*MIRVS/N^9;@LJE?0%>A_`TW3Q>BTSJ9C-PSLQ$1RB*2
M=J@X&<#')`KYIRNF^YR%JN+\06PU7XM^"-**1HBW$NH/(G$C&)<@$@9QP._/
M/I79URFEC_A(/CW9-92![?PYITC7#IR/-F^41Y'MSCM@U5%V;?9/\BZ2]]'K
MU%%%><>D%%%%`&;J$3VUQ'J<)E;R$9)X8P6\V,X.0H!)92,@#&<FFZEI%MKD
M<7G7,_D8(:.)QY<RGLP(/YC#>]:9KG+^6:TC$>F6NIRQQZBIN%AC^['LW$1Y
M(S&2%'R]R?>MH-O;<"2'P;I<.LKJCO=W%RDF]#/-O"<Y"CCH#@C//RCTK7LK
M.'3[*.UM]WEIGEVRS$G))/<DDDFN?O=1\13S36UIIDT:-<`+-(H"K`8U&<AP
M=V\L>V`I'H:M>&)]<N/MCZ_%Y0$N+<;0NY?I]X=NI/UJYJ=KR8M"X6?_`(2G
M;YD6PV.=F3OSYG7&<8_#KWK3&.U53%_Q-!-]DC/[@I]JW#>/F!\O&,X[]>U6
MJQD]$,***!R:@`K/U"^FCDCM=-2*:\=E+*[@"&,DYD89SC@@`=3@<<D3W][%
MIUF]S<'"J0H'=V8X51[EB`/<TS3[6:"#?=,);J4[II%4@9[`#)P`.,9QU/>K
M2MJP)X+:"V5EMXDB#NTC!%QN8G)8^I)[U(3BE(/851ANI+Z:*6R919JS!W9#
MF;&1A<D8`(SG!!XQW-*U]0)UN?,N/+BC:2/86\Y679D'&SKG/!]ACK6>;2W\
M16=I/J%F\:(1,D,P:.>"53UW*PQT(XX/N*OP+:VL2VUJ(8DA``ACP/+';@=*
M<]S!$P$L\2,QPH9P,_F:K5;("I))>:=%))()-0B#`@1H/.10H[#AR6YX`Z]\
M5/;:G8W<[PVUW#+,F"T2N-ZYSC*]1G!_*IGE15+,ZA0"2=P`&.#4%W:6-V-E
M[!!*9E*@2`988/`/4\$]/6C?=`6CT/%>-Z4UO)\=/&Q1XYI/)MRKJP?8N/F7
M/;YNJ^M>HW4=QI>G22Z3"]PMI9LMOIR;?WCJ,KACR#VZ_K7!?"GP[INO?#.T
MU2WO0-<N+F>ZN[R,99+B1COCD3/*X"_*?0$8/->C@J#J0J6?2QC65XV1O4M4
M)=5BM',.I075G<ID-#);.2<=U*A@P/;:3^=/AU6SEG2'S7BE?[B7$+PL_P#N
MAPN>AZ5BZ51;HX'%HN444E9"%HHI*!"T4E-EDCAA>6:18XXU+N[G`50,DD]A
M0!4U9HTM(WGF\B-)XW>3LH5MW/L<8_&KVGZ9JFO,IACFTNQR-UU<18EE7_IG
M&>5_WG'T4YXL^'M%_MRYMM5OX'2P@836<,JE6FD_AF93T`_A!&<G=QA:[?:.
MM>SAL$N52J+Y&\*?5E33=*M=)L4M+"(10H2V,DEF)R6)/))/))ZU=HHKU;6-
MPHHHI@%%%%`'GG@7_DK'Q%_Z^++_`-$M7H=>>>!?^2L?$7_KXLO_`$2U>AT`
M<!\<_P#DB7B/_KA'_P"C4KM=,_Y!-I_UP3_T$5Q7QS_Y(EXC_P"N$?\`Z-2N
MUTS_`)!-I_UP3_T$4`6J***`"BBB@`HHHH`****`$;&*X'Q)*EYX\A$9WC3K
M%D<CHLDK*=OUVIDCT9?45V6J:G;:3IDU_>L5A@7<VU<L>P`'<DD`#N37G^F0
MS16TDETH2XNKB6ZF0=$:1RVW\`0/PKS\?5Y:7+U9G4=E82YL[U[Q9[;4F@CX
MS"\"R(P'7!X()^M7.]8&D^'KC3M<NK^>Y@E2<[E6%9(MAQ@Y7<4.>3G&<UOU
MX<]]&<Q4U34H-&TB[U*\)$%I$TSXY.`,X_'I6;\-["_T+X:W^OW"*=9\03MJ
M"1LF`KRX6%#ZCD'_`($:Q/BC/-<Z-IWAJU#+-XAO4LQ+T1%#*6W'/?L.<X->
MRV]LEI:Q6T`VQPHL:#T"C`_E53?)17]Y_@O^"=>'CHV<,GCG4K6TFU"_M%DM
M(;:"/:L9B+W#.RLY8GY(_E..#QSSD9T#XUN8[<75QHCQ6PW"3_209%=8O,;"
MA<%0>"VX>N.M=;SZT<^M8.I#^4ZK,XRU\<7#WS136EJX>?;$(;HD/&"%9XV*
MCS<-N)X4!5SGD56D^).%!M;33[YI)0D"6>HM(TH+!2<>4-IRR\'USP.:[SGL
M32\C^(T>TA_+^(68A&#BJAD%KJ`6>[8B[8)!`RC"LJDM@@=P,\^G'I5OCM69
MXBROA^[F6Y6V:VC^T+,R!A&4^;)!(';O64=789IBEI%(901T(S2U(&:^/^$G
MC^6;/V%^>?+_`-8O!YQN_#IFM$=*S+FT>7Q!!,FI>1MM9$-JJJ6DRP^?GL#C
MMU(_&U':3(;3??3R>0A63<J#[02`-S87@]_EP.:MVLM0+.1ZU4U.W-Y8FV(0
MQS,J2AI&0E"?FVLN"&QTYZU"VF7A5@-;O1F4N"(X?E7(.P?)]WC'KSUJ*_T_
M<L#76H@HD]NRI<A0N]'SE2NT[VX')(X''J))/<"Q-HNGW,<4=S;+*L,)@CWD
MDJA`!&2>N`.>OO2S:18W$\$TUN&DMT,<9WL-J^G!YJZ*6IYGW`RH_#>E1+"(
M[8J()1+&!-)PP)(/WN>6/!XK4Z]:6BAR;W`XV3P&[ZYJ^HK>Q(U_*DT8$3$J
MZO"Z[\M@@&$#Y=N0QSR!6+>Z3I7VNWU:\U>PF-HUW+<[X9PH?SEEE*!'!PN0
M,-NSD'FO29H_-@>,.T>]2N]#AER,9'O7.'P!H`5DM[=[:%X'@DAB?"2!MN68
M$'+80#/<=<UU4Z_6;)L<G/9Z&DL-Y'KRLEQ/>21VLNGRR+)*URDKAT`W!0#&
MK*<9.TC'2M[3](L=2ETP:9J%M<G1'\N:26U9G^_NQ&2<!<H5!`;`'!R*TKKP
M3IEP]N86>T6V:5HHH8H6C02LK.`KQL`-R`\`$9/.#6EIVD1:;/=RQW%Q,UTX
M9A-)N"`9("X`_O'DY)XR2`,5.M%JZ;N%CQ[XJ:]J5U\0D\.7^L7.@:.+,3V[
M6\OE&]D)YS)Z+_=]O>N;^%_A`:IXMU^W\-:_J5A'8Q1M!J]A)P9&/^JD'W90
M.<=._8BOH#7?#.C>)K(6GB#3;?4(1DJLZ9*$]2IZ@_0U8TK1]-T+3TL=&L;>
MQM4)(A@C"+D]3@=3[UI#&>SI\L+IV\K>O<MN+AR\NO?J<5H_Q`UGPMK4'A[X
MH"&/SV*6.OP+L@N2#@+*.D;D8/''..*])O;2UU*RDM;V&.YMY5P\<@W*PK*U
M?1M/U[2IM-UJTBO;.<`20RKE3Z'V(['J*Y#X437%CK?BWPK)?RW=EH-Y%'8B
M9R[PQ2(6"%CR0,<9Z<]J];!XOZPN62U1A*-C5O/"VJZ<G_$FDCU&V0?+;74A
M28#T67D-[;@/=N]9!U+]\EM]@U`7LF0EFUHZNQ'7!(V<=<[L>]>G8S2;3ZU=
M3`TIN^WH8.G%GGIT_P`3`J?^$=#(W7;?Q[UZ=NGZU3?5[2VE\C4Y#IMSC)M[
M[$3_`%&3AA[J2*]0QQBH9K:&=5%Q%'*%;<H=`V#ZC/>HGE])KW=!.E$\\L7N
M-9E$6A0-,ASNOI$(MDQ_M<&0^R9^HZUI#P3J-\YBUG4[<V#<2V]G;LC3+W4N
MSD@'H<#)'>NUV^].'2M*6#I0Z78U3BAJ@@\TZBBNTT"BBB@`HHHH`****`//
M/`O_`"5CXB_]?%E_Z):O0Z\\\"_\E8^(O_7Q9?\`HEJ]#H`X#XY_\D2\1_\`
M7"/_`-&I7:Z9_P`@FT_ZX)_Z"*XKXY_\D2\1_P#7"/\`]&I7:Z9_R";3_K@G
M_H(H`M4444`%%%%`!1110`4'I10>AH`XWQY\]WX>A?+(U^[E!W*P2,I/L#@_
ME6'JMO<W>ES0V$WD7#`;'W%>XR-PY7(!&1R,U>\1,9OB#M9B5M-+38I'`,LK
M;B/PB44VOG\=+]_Z'-4?O%'34OU^TR:D8U,T@,4$<AD$"[0"-Y52<D9Y''O5
MZBD)`!)(``R2>P%<+=W<R.2^)^DPZI\/-3,F%EM(OM,,FW)5E(/'((S_`/7[
M5Z/X1U*36/!>C:C,K+)<V44CAFW')09Y[\UY1XSU27Q:DG@OP<Z:A?7D>;V:
M!]T=G`&&XL0#DGI@<_G7LNEPVMMI5K;6!4VUO$L,6TY`"#;CZC&#[BKK)QHQ
MB][_`('=ATTG<MT445PG2%%9FNW`M;2VG:YDMD2\A#-'GYP7"[3@'@YQ_45/
M_9=N(?*S/M%Q]I_X^'SOW;NN<[<_P],<8Q56TN!<P?2J6KPW-QI%U!8^3]HE
MC,<?GDA,GCG'/Y5`WA^R8S,6O,S+M;%[*.`"./F^4X/4=^:EET:SF^Q><CR?
M8?\`4!Y78`X`#$$_,P[,<D$DU6B>X%\#VZ4C,J\LP&.N35--)LTM[>#RBT=L
MI2+?(S$`@J<DG)R#CFH#X;T9HY4?2[5UF?S)%:,-N;(.3GOE1^0I>Z`2@GQ7
M:N(8R/L<H,V1N7YT^7IT./7MT-:E5HM/LX+C[1#:PQS!/+$BH`VS<6VY],DG
M'J:LTF]K`%9?B!'?3(_+MTG9;J!MC]!B1?FZ'D=>G;MUK4JCJ]O#=::T=S:2
MW<8DC;RH3AB0X((Y'0@$\]`>O2B+]Y`7O\:*/KZT&I`**YZ_\9:;I_B#^R95
M=IE,8=EEB!0N,C$9<2-QR2JD`9]#5VX\2:-:(C7&H0QJZHZY).5<95N!TP,Y
MZ#OBM72GV%=&I160/%6B%IP-0C)@R'`5CDABA"\?.0P(PN>14EMXATJ^O5L[
M*]2XG>,2!8E9@%(R,L!@<$'!.>:GDEV'=&G16,OB>P;5KBP4L7@9%\S*A'9F
M*E5.>2I4[ORY/%)%XP\/R@%-5@P8C-N;<HV`9)R1Z<XZD<CBG[.?8+FU15:P
MU"VU.T6ZLG:2%\[6:-DSCV8`U9J&FG9@9^N:I_8N@7^J&$S"RMWG,:GE]JDX
MZ'TKG/@QIOE>`(M;N94N-1\02OJ-Y.HZLY.U,^BCC';FNQ=!(I1U#(PPP89!
M![8KS:'P%XN\'27%O\,=>L;32+F;S?[.U2%I1;,PPS1N,G'`(4\5ZV75Z5+F
M4W:_4B:;V/6A2UPGPJ\4:SXBT;4[;Q.(&U/1]0DL)YH/E$Y3'S[1P"<]N/I7
M=U]"O(Q"BBBF`4444`%%%%`!1110`4444`%%%%`'GG@7_DK'Q%_Z^++_`-$M
M7H=>>>!?^2L?$7_KXLO_`$2U>AT`<!\<_P#DB7B/_KA'_P"C4KM=,_Y!-I_U
MP3_T$5Q7QS_Y(EXC_P"N$?\`Z-2NUTS_`)!-I_UP3_T$4`6J***`"BBB@`HH
MHH`*KWM[;Z?93W=[((K>!"\CG^%0,FIF)[5YIJ?B"^\6V)MH+:V&DS7BLTIF
M/FB.*3YHV4`@LS(>XP#@Y(K*K5C2C>0F[*XZ&6XU"]N=6OHVBFNR!'"X^:"!
M<^6A]^2Q]W([59H))))ZFBOF*DW.3D^IQMW=PKB?B&;S59=%\(63FW'B&Z\F
M:[+;1'&F&91SRQ`/'?&.]=M7$_%`I::5H>K;MDNG:W;2HW3&6P?\^U:8?^*B
MH?$CU'P]X6T3PK8FT\/Z?#8Q-@OY2\R$#`+'J3]:EO2VF,UZA/V-59KBWBAW
M$DG/F#:"S-V([YSU'.ED'D$$'D8-(0&!!`((P0>]<3FV[RU/4L"L&`*\@C(-
M+6=!IT]JJ1VVH2B!)@_E21HP$?/[I2`"%Y&#R0%`J4WC07*PWH1//F,=L4W-
MO`7=\W'RGAN_../2ERWV`??N\-E++'/!;E%W>;<?ZM`#R6Y'&,]ZL9!&1TJA
M?W<+:;>B#[->21129MG<$,P7[C=<=@>.]78B6AC8C;N4'`[<4._+J`XFBLC7
M;?49IM.ETZU@NA;3F:2*6X,.2$8+@[6S@MGIU`JG;:?X@/C!]0N;F*'34C=8
M[2.X=Q*<+L+*1A<?-G`].:I0NKWL!T>X9(!!(Z@'I17'6_A"[TG39Y]-=)M9
MO`%N)7<0A0S[WVO&@9B#T+DG`ZBH[;PUXI^PQ)>^()C<*A5FAN&"_P`.#RI)
MP2YR<D[5!X8U3IPZ2%<[:BN,6P\57,=W=K(8GG:14MY[UU`1I,J0%7]VRJ.Q
M).>2*Z+P_9WUAH%I;:O=F[O44^;-DG<22<`GD@9P">>*F<%%7O<=S1JAKEPE
MKHT\\LTD*H4R\;%6'S@=0#_+_&K]4=9C>71KE8KN*S?;Q<2_<CY!R>141W0%
M[O01D4@Z<4M2!CS^%],N;RXN+E;B87+;Y87N9#$6V[=P3.`<#J*KMX'T&1[>
M2>UDN);=@R2W$SRL<!1M8L3E<*O!XX]S7045K[6?<+&/+X7TN2.W41S1-;(J
M0R17#H\8!)X8'.3N.3W[TZW\,:5::D+^W@9+A(?(C82-B),`849XZ"M:BI]I
M+N%C$_X0[0!-'+%IL4,B1/%O@S&S*XP=Q7!8]PS9())!R:5O".C&_NKQ+7R[
MBZB\J1XW*D#:%^7^Z=H`R.U;5%/VD^X6*FF:7::/81V6G1>3;QDD)DGDG).3
M[DU;HI#47N]0%KEO'GC`>$]&C%K;F]U>_D^S:=9(<--*>`?HN03[5'XS\<KX
M8GM=,TW3;G6M?OU9K/3;8<D#J[M_"@]?_P!=5/!GP^U`>()_%GQ`DM-0UV98
M_LR0*1'IP'5$YQGI\W7@\D'GT\'@I56IS^'\R)2MH;'PU\$CP/X9-K<S"ZU2
M\E-UJ-T!_K9FZX]AT'KU[UV%)P/:C<,9KZ1:&(M%(6`&2<#WHS3`6BD!!&>U
M+0`4444`%%%%`!1110`4444`>>>!?^2L?$7_`*^++_T2U>AUYYX%_P"2L?$7
M_KXLO_1+5Z'0!P'QS_Y(EXC_`.N$?_HU*[73/^03:?\`7!/_`$$5Q7QS_P"2
M)>(_^N$?_HU*[73/^03:?]<$_P#010!:HHHH`****`"BBB@!K#)KS5L+XN\1
M(5\AFO$E%N1@[3"B^9Z$.5)R,^^&!`]+-<?X](#:((G*7+Z@`I!QNC$;M(#Z
MC`_/%<F+AST7Y:D35XF=1117S9R!7.>.]`;Q)X-O+*#S/M,8%Q;!#RTR9*C&
M#G)[5T=)G!R.U5&3A)270:TU,SPQ\3#J7A6QOKF!97CLRFH2*=AAO!E5B*]M
MQ0CZLGKQT&G^.-.OXIS%!=,T#)&"L>$GD9M@6-B1_%Q\VWCGIS7!>';BT\%?
M$V^T;5(H?[)\62K<V)9%V1W*=49<8&3C!YY`]<UZ;J,.BZ7I&H7-_9VD5B%:
MYO,6P8/M^8LR@?,>,]":NM"FI:+?8]*$N97*,?CO2#ITUY,MQ;Q02"*02("R
MGYB>%8YP%+'&>,$9J*+Q[87$`EAT[4G`R91Y2#RTW*H8Y<9!+#`7).",9!%/
ML7\(6DL=M;)IZ2Q1_9T:2(;BBQAL;R,E=D@[XY(]15FSU#PP+-%L9-.2W.%5
M8T5%!610!C`QB21?HS`]ZS<(K[+++=_HFE7=E>17>FVTT=PK&=5A7=+D<G/4
MMP.>N0*S5@L[+P[#JFG&XLHXK.-HH+FYDBC1<*5$@^;!`P"<$XR*O1>)=%N)
M[>"+4[=Y+HE84#<O@XX_'\ZC\/W]E)H.EVQO(999+54"N0CR[1M8[,#NIR,#
M&#6?OI:C-A'#QJX96#`$,O(/N*6J']D0P3^?82R6C[-FQ&S$?FW9,9^7.<\C
M!P2,],2QO>1?9DF2*8>4?M$RDIAP!C:G.03GC=QQUK-I/8"W14-K=17MI%<V
MS[X95#(V",@^QY'XU-CZU+\P"BBCO2`*J:IQI-T1#!/B,GR[G/EO[-@'C\#5
MNJ&NJK^'=222,RJUK*#&IP6^0\`Y'7ZCZTUN!>4Y4'CIVI:9#CR(\#`V#C\*
MR_$7B"W\-Z7]MNHGE!<1HB$#).3RQX7@'DD>G4BJM=V0TFW9&M2UYXWQ?LKR
MX>+PQX<USQ#Y*JUQ)8VP*0DJ#L+$X+#(R!^M36'QE\(SS_9M7GNO#]V`";?6
M+9K<X]0QRI'XUN\)74>;E=B.97L=[17/MX]\)+"93XGTG8!DM]K3@?G6)<_&
MKX?VTFS_`(2**=\X"VT,DV?IM4UFJ%5[1?W%71W=%>>?\+CTJZ&="\/>)=8&
M2H:UTQ@F1U&6Q_*A?$GQ*UR-'T#P1;:5;RA2EQK5Z-P!/4Q)\W`YQ6\<#B)_
M9)YD>ACGM7FGQ!\<Z+>6TGAO0[FYUC7'<%=/TE/.W8_AE88"IZ\@]/<5:B^&
M.N^)5,GQ%\6WEPK'#:7I#?9K3`/1CC<X(QG..O6NY\.^%=$\*6!L_#VFP6$!
M.2(EY8Y/5NK=>Y->E0RQ1:E49/M&G>)YIX$^&7B&'3KS4?%5TD6O7-U;O#.9
M#,\$$1#+$#V^;J.AQSFNI7P9K[:E;WLVMPF5K^*]NVBB="Y18E9%^8@(5C<8
M/]X<]<]SMQ2U[*22LC+?5G/0>';JW\&/I*:A(;QXR'NR[DLY.2<DY`/3@\#I
M7.S?#O59;**U36S#"+*ZMV@C+>6&E>1@V#EF'[Q0<D'Y`<UZ'13`Q?%/A_\`
MX271?[.:984:XAE=C&LGRI(KD;6!4YVXY!'/0USJ?#Z]@O;:.VU79ID4KEXB
M7\V2-H_+*,P;G@`YX.1^7>44`<;X-\(ZKX=NBU_J,,UNME%:I;P;]H*8`?YB
M>2!@_P!*[(=***`"BBB@`HHHH`****`"BBB@#SSP+_R5CXB_]?%E_P"B6KT.
MO//`O_)6/B+_`-?%E_Z):O0Z`.`^.?\`R1+Q'_UPC_\`1J5VNF?\@FT_ZX)_
MZ"*XKXY_\D2\1_\`7"/_`-&I7:Z9_P`@FT_ZX)_Z"*`+5%%%`!1110`4444`
M!%8?B?0FUO3E^S%([ZUD\^TE?H'`^ZV.=K#*GV/J!6Y2$\&IDDU9AN>;V=R+
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MS``PP>@XX`QBF0^!]-"`7DUS=%;EYU9YF!(9TDV.<_.`T2GGTKIOI6=-J!N+
MY].TZ13/%C[3)_S[!E.T]""V<?*3T.>F,TJM1]0LC&M_#/A_19+>ST^QF:5"
MC)%!_#L?S%+D85>1P6ZXQSBKD&C27NJ'4M1@^RLQ0O;1SB19&0DHY.T$$<'"
MD#US6O:V<%G#Y5LFQ,EN6+$DDDDD\GDGK4_04I59,=@HQ116($4EM!-/#/-#
M')+`2T4C*"T9(P2#VR..*I/H-A(LRF.8"9S(^RZE7+$@Y&&XY`X''YFM*BJ4
MFMF!1ATJ"WN9YXI+G?/&(V#7+LJCU52<*>>HI1I[H+)8;ZZ2.U&UD+*_V@8`
M_>%@23QG((/6KM%/F8&?*VK01*8DMKYO,.X%C`0A;C'W@2%^F2.U1W>HHFDW
MTNHI<Z9%#%\\QVL0&7JF-V2"<8QU[&M2H+YG33[AXG6.18F*.P!"D`X)!["A
M.[`?`P:VB969P4!#.,,1CJ1Q@U%J-K]MTNZM0<--"R*1U!(."/<'!I-,F>YT
MFSGEE6:26!':1,;7)4$D8)&#[&LSQ=XKL_!WAV35KV*6XQ(D,-O#C?-(YPJC
M/'_U@:J*DYVCN!S'P5OH[+P+J'AS[.D6L>'+F:"^5#N$\A+,LN1R0PXYY^4U
M)8^+;G7M.T6W\2^'[347O[D1R#[&_EHC*@+KO##Y3(RG)!X/H36E\)/#VJZ'
MX5NIO$EE]DUG4]0GO;L&17)+M\N2I(X&..U=X5)[U]FKVU.8\4AL]%M;.*YN
M_AUHB3K:)<#R].8J\K+#L7[OR\2."#D9`YZUZ#=W$>E>!)]>T71K6UOCIZS)
M#]F^Z2H8(P4!B`3TXZ&NJVG/6C9[_E3`\^M?'VKJMHMYI8E>XNH8088)45D9
M@K2*>1CY@PR>5R?I;C\;:I]ICBN=%6'S94".SRE=K/(H4XCSYA\LD#&.1DCO
MVVTXX-&T^M`'/^%O$<WB"?4EELGMX[2X\N*1E9?.4CKA@"",$$5T5(%YR:6@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`///`O_)6/B+_U\67_
M`*):O0Z\\\"_\E8^(O\`U\67_HEJ]#H`X#XY_P#)$O$?_7"/_P!&I7:Z9_R"
M;3_K@G_H(KBOCG_R1+Q'_P!<(_\`T:E=KIG_`"";3_K@G_H(H`M4444`%%%%
M`!1110`5D^(=:.@Z/)>B$3/YD<4<;/L#.[A%RV#@989.#6M7/^.(8Y_`NM+-
M((E6SDD#G^%E&Y3^8%3*]G83.1TNSEL--C@N)!+-N=Y9%S\[LQ8G)Y)YZGKU
MXSBKE,BD:6".60;6=%9AZ$@$T^OE)-MMO<XW<,9(%<;\,Y[C4/C%XJU'3;">
M/2WC%M=SS;,?:8S@;,'."O/?W[5V0&2!7)_"W3I-4^(WBKQ7:W)M;!;E]/:Q
M4$>?*@4F5QG`/IQW[5K3M[.=^WZF]#XCUT#%+5:\N)+=4$%M)<R2,454P%4[
M2<LW\*\8SSU'%50NN2!\S:=!^].S]U)+F/(QGYE^;&?8<=:X%&YWB3-=:A=7
M=G!.]E#"$4W$05I'+8)`SG;@#'(.=P(QBKUK;16D`B@!`'WF)RSG`&YCU9C@
M9)Y-0V%C]B2;,K2RSRF:5V)P6(`X&3@84#'M5NFWT6P"X/:BO-/$'A3QIJGB
M*]O+:_6.TFN<16XO7"K"$5,%#E"K9D9EVD[@O.#QIZ#IGC>S,\NH7<#!+&2-
M+7S%,4EQG]V8]J#RHP`!@Y/Y9.[H1Y;\Z%<[CFBO-;KPWX]M[;2H=+U7<;.S
MCCGFENV=YY&;,W!."1@!6)X!(&*HZE_PL..=-+L[F_O;GR4CAO(4%O%"Y#,\
MDS-&ROC*`!&.<=,YIK#*6TT%SUBBN'TK1_&T'B"W.H:QYMC;SG?(TB,MQ;B,
M!5\L(")"^6+YP.V>E=Q6%2"@[)W&%'-8OC'7G\,>#=5UN*W^TR6-L\R18)#,
M!QG'\.>I]*X33/"/CO2]*L?%6A>)Y?$&IW5N9[W3-0G/V2X$F&581G$94$X.
M<<#H.*ZL/@YXB+E%[$N21ZK3)D\R%T(#;E(P>^1TKS^#XOZ9IUW]@\=:7?\`
MA2_`!*7<1EA8$XW+*@(*YR,\#BNOL_$FA:I:^=IVM:?<PD$[X;I&&/SK&="K
M2?O1L--,MZ?"UOI=K#)$L+QPHC1(VY4(`&T'`R!TS@?05YE\4[S[)XV\+R^*
MEE7P5;S^?<2PQE@MV,B/S3V3GM[UOWGC[PUX+LX+35-:LI8$"PVJVD@FG*JH
M`#1J22<@_,..G`KG=9F\5?%[2Y=$T?19/#_AZY*BXU+5HR)Y4#=(HNW3N>1Z
M5VX*C5593Y="9-6/98G65%DC8,K`,K*<@@]Q4E5K"T6PL+>T1F9+>)8E9NI"
M@#)]^*LU](8A1110`4444`%%%!('7O0`44F1FEH`***3(H`6BBB@`HHHH`**
M**`"BBB@`HHHH`****`///`O_)6/B+_U\67_`*):O0Z\\\"_\E8^(O\`U\67
M_HEJ]#H`X#XY_P#)$O$?_7"/_P!&I7:Z9_R";3_K@G_H(KBOCG_R1+Q'_P!<
M(_\`T:E=KIG_`"";3_K@G_H(H`M4444`%%%%`!1110`5RWQ%=E\#7L8P%GDA
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M=+O<CDL.&CP.<*"&[9(K2^M(,4M<#=ST`HHHJ0"BCD]*,'T-/4`HIK.J*S.R
MJJC)).,?7TJ(WEL'5/M,.YAD+Y@R1ZCGW%`$]%51J%F8HI1>6YCFD$43B4$2
M/_=!Z$\'CVJ.?6-.MA.T]_;QBW;;-ND`\L[=V#Z':<_2FHOH`NLZ<FKZ'?:;
M+MVWEO)`=XR,,I'([]:Y7X):M->_#Q=*O<?:M!N)-+D*G(81G"M^6!^%=3;Z
MQIUU?I9P7<<MPR&547G*`XSGIUKSSX&:GIBVOB2"XU",:Q-K=Q-<VT\FR3;G
M"L$;D`@'UKW,JYES1>VGZF4SUFZL+6_MVM[ZVAN87QNCFC#J<'(R#[UR.H?!
MWP#J5V+FY\+V*R9R?)4Q!N".0A`[_F!6QJ_C7PSH,#3:OK^G6BKU#W"[C]%!
MR3[`5D^%_BOX2\8ZV^DZ%J#R7:QF55EA:+S%'4KN`SU!QUQS7MF9H:%\/?"?
MAJ[:ZT/0+&SN&4*94BRP`]"<X_#KWKHMO/6E7D"EH`****`"BBB@`HHHH`#7
M+IXOAO?$EG9Z?+9SV,_FQF59@SLZ+NRH!^YPPR>I_7H;RUCO;5H)BWEOC<%8
MC<,]#CL>A]JS;WPQI-XD2&SC@,1)5[91&PRC(1D#IM<\?2@"A9>*I;^"SF73
M;BV6=I92DRAG^S(.)5"D\L6CP#R-QXXJ:'QG8RQ7K26UY$]FT2O$8@[.9"0F
MS86#$D'C.1W`IT_A.RGLTMWGNPZ0PPK.)!OVQ'*C[NTY/)!&#Z<5)8^%].L)
M/,B65Y/M1NV>1LEY2FP,?HO``X%`%67QC^]2V@T;4GO&NTMFMWC160%=YDSN
MVE0@)X.<X!P2*G_X2:)\_8K:[U%B25BM80&1`Q7<Q9@,%E;'()'0'K4K>'+3
M^T1?QS7,5P3,79)/O^:%!SQV")C'3:*9;^%[.TNUGLI[RUC\N-'MX9RL<GEJ
M%0D=00H`X(R!SF@#<0ED!(*Y&<'J*6@=**`"BBB@`HHHH`****`"BBB@`HHH
MH`\\\"_\E8^(O_7Q9?\`HEJ]#KSSP+_R5CXB_P#7Q9?^B6KT.@#@/CG_`,D2
M\1_]<(__`$:E=KIG_()M/^N"?^@BN*^.?_)$O$?_`%PC_P#1J5VNF?\`()M/
M^N"?^@B@"U1110`4444`%%%%`!65XFU#^RO"^J7P.&M[221<9SN"G'3GKBM6
MN>\=VS77@/64CY=;5Y5&>I3YQ_Z#TI/8#@Y[<:3X901-+#'&R37K([&0H6!G
M96))W8+-DDG@]Z[W0/"]AH<]Q=V5S=W3W:(IEN;@RG8N2H4GM\Q/XUQNK))?
M:,SQ(9-VR=X,X$Z`AGC)]&7(_'TKT73;VVU+2[:]L&#VMQ&LD1`Q\I&1QV^E
M>9@+-2;WO\S&EK<X!%2+Q)X@MH`%MHKX%%`X5GC5WQ_P)L_5C7'>)4OO&'CK
M2O#.A6K$:1>6]]J&IJ!FRYRH7)Y)'4?3WKK;!GEO-8EFSYC:K<[L\'Y6"J,?
M[BK_`#[UD>$I/LOQ_P!=MU&T7VC03XQC)1@N1ZUQ3=JU2:6JO84$G4LSTB*R
MNE:Z,NJ7$PF0(G[N-?).""RX7DDG/.1QTJ0V<A6(&]N1Y<1C)#*-Y./G/R_>
MX[8')XJT*6O*YF>@9?\`8:E5#ZEJ;XE\W)NB">2=IP!\O.,>@%6%TV$131L]
MPRSQ+$^ZYD)V@8R#GY3SRPP2><YJY10YM@49]'LKFX@GGC=Y+=#'&3*_`/MG
M!/'4Y-11>'=)A2)8M/@`AD$J9!.UP20PSWR2?QK3HHYGW`JOIME(+H26D#B\
M`%R&C!\X`8&[^]QQS21Z78Q%&BLK9"B[%*PJ"HXX!QP.!^56Z*7,^X$,=K!%
M$D44$21HVY55``I]0,8!ZU,..0`#WQ112NV`A)/!/7M7D'CK4?!'B7Q'/I8\
M&7OBO6[*54E;3H-F"!RK3@C@9P0>A^E>O,H8889!&"#W%>%^*M&\/^'O$[:)
M\-SXCMO$L\9F-EH5[B$<]9=[$+W_`,,&O0P$8NIK>_D1/8=IR>'_``=+%/XB
M^#-[I6TJBWL:KJ*KQ@$D=^.<#K]:E\4^,/#7C/QKX"C\':B)M1AU=2Q@B>)X
MH2OS`Y4<$+CKT!KL/A;X<^(>D:E>7?CW7C>6\\(2&S:X\YHW!!W$[0!QD''4
MUZ,NG6:2B5+6`2+T<1*"/QQ[FO=6&@JBJ)NZ\S/F=K%A>E+0!@45UDA1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'G
MG@7_`)*Q\1?^OBR_]$M7H=>>>!?^2L?$7_KXLO\`T2U>AT`<!\<_^2)>(_\`
MKA'_`.C4KM=,_P"03:?]<$_]!%<5\<_^2)>(_P#KA'_Z-2NUTS_D$VG_`%P3
M_P!!%`%JBBB@`HHHH`****`"N?\`'+3+X#UO[.I9S92`A02=I7#$#UQFN@I"
M.<TGJ!Y9/?P&RBM](GAN[JZB$=A$L@)F)7Y3P?N@<D]``:]"T33$T;0;+3(C
MN2S@2'=_>VC!/Y\U):Z/I]E<2W%G86MO-*29)(H55G)ZY(&34]U<0VEK)<7,
MB0PPH9))&.`BCDDGT`KEP^'5!.SW(C'E/.;=_M>L:U?J`JW-^ZHG'2+$.?J2
MC'\JXGXKZ/8#0Y/$;OJ%OJ%M%]FBGL9B@`<G;YG/$>X@D]>W-=CHR%+&1E5T
MAFNIY[='!#+$\C,F<\YP<\\\XJY-;PW<$EO<Q+-#,I22-AD,#P17BRJ.-=S\
MSGYK2N;WA.'4H/"&EQZY>17VH"V3S[B$#9(2,Y!'!&,#/?&>];%>4_!"_N(H
M/$'AU99+S3=(OBEC>+DQ!&Y,*EN?E/UZUZL#FN+$1Y:K1Z<7=7"CM0>E<AXC
MUS6;/Q!'I]E%+:V9LS.+Z/3I+TRS;BHA"H0%P/F))YS@8Y-1"'.[(;.NS1FO
M,T\;>-+9EEOM`6>"XNG2-H]/N%>&%)HXS(ZC<?F#2.!UPHZCFH[3X@^++O6+
MLQ>')OL2S1I;6LNF7,<TJ%V#/O;"#:@5B#C)X'6M_JE3R^\7,CU&BO/=$\9>
M)]?\1Z191:*UA:FW6;4YKJQG158H2T<;/M&0Q4<@\Y["O016-2DZ;LQWN+11
M160',?$/Q5_PA_@B\U2)=]V<6]G'C.^=^$!]@>3GL*E^'G@@>$=`SJ#1WNMW
MLK76HWQ0;Y)GY(SUP,X_,\9K(^,T,4WP?\0&8*?*MUE1C_"X==I'H<_SKM?#
M,D\OA/29+N1I9WLH6D=A@LQ09)'UKZ+*XQ]DY+>YE/<TP!V%+117KF84444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`>>>!?^2L?$7_`*^++_T2U>AUYYX%_P"2L?$7_KXLO_1+5Z'0!P'QS_Y(
MEXC_`.N$?_HU*[73/^03:?\`7!/_`$$5Q7QS_P"2)>(_^N$?_HU*[73/^03:
M?]<$_P#010!:HHJG?ZE;:>J?:&8O(2(XHU+O(1UVJ.3_`$H`N450TS5K?5(I
M7A6>%H6V2Q7$31O&<`C(/L0<CBKGG1;-_F+M/&[<,?G0`^BFF1%*AF`+<`$X
MS09$#!2P!/0$]:`'44=:*`#H*Y3XAS,?#T&GC(74[R*UD(./W?+R#\41E_&N
MK/3FN(\93-<>*-'LADQP0S7C\\;N(T/_`(^]8UY<E.3)D[*Y4)R<X`^E)E@"
M4(#8.W/3/:BCN*^6.0\Y\"^(O&/A7PXVAZ;X&GO9(+R>6YNIYQ!'(7?(V<9/
M&.3VKO?!_P`31XB\3W/AO6-$N-$U>W@$_DR2B59%[D,HXZ@C/4'VKSCQ==*/
M'L\7C+4M>TO0H[=#IMWI",(TD;[_`)A4')X./3%=U\)_"VGV(U'Q+8>*9/$K
M:L1&;HJ%`5"0`PZ[\8R3CZ5W8B%-TW4DM7VOO^1W4W)V/2,9%+C'0T45Y!T!
MSZFCGU-%%&H!SZFBBD)`!.>!U/I1N`M9NM^(=)\.::]_KM_!96Z`G=*V"WLH
MZL?85QM]\49M2U2;2OA]H-SXDN8R8OMJ,$LHY.,[I/X@,\X^@-6O#7PPFEU6
M;7OB7<6?B36G*?9_W7[BR5>0L:D<?,<YQV'?->IA\NG4]ZIHOQ(<TMC.M]$U
M#XO3KJ'B2*[TGPC%(&LM)<>7-?LI_P!=.".$X^5.XY]"?68D6.)4C4*BC"JH
MP`!T`H&,G=2Y'K7T%.$:<5&*T,F[BT49S16@@HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`\\\"_\E8^(O_7Q
M9?\`HEJ]#KSSP+_R5CXB_P#7Q9?^B6KT.@#@/CG_`,D2\1_]<(__`$:E=KIG
M_()M/^N"?^@BN*^.?_)$O$?_`%PC_P#1J5VNF?\`()M/^N"?^@B@"U6%>6NJ
M0^(_[0T^WM+J.2W6`K/.T30X8L2N%8$'(R.#\HY]-VDP*`.4O]`U)HXY$%KJ
M3SW)GU"VGD:&.?Y-J*#AOE7`^4@[L9-96K>![[4+V.&*.QMM+-N$^RVRQ+'`
MY)+N(W@<,3\N&!0C%>@X%&!0!P>K^#]0UN[6WO(+#[''/$J7#,))3;I@D?-&
M660XQN5QUSVJ]<>#XK\"XU"ULY;ZXU!;F>Y9-S1QHV42-B,@A51<C'<_7K=H
MHVCTH`%[TM`&**`&L<C`KSFYN!J?C#5]07!BBV:?"P_B$63(?^_CE?\`@%=K
MXBU9=#\/7FHE=[PQ_NT'5Y#\J+^+$#\:X73+,Z?I=M:LP>2-!YC_`-^0\NWX
ML2?QKS,PJ6IJ"ZF55Z6+5%+17AG.<]XM\4S>'K:UM=+LFU'6=2D,-A9*<"1@
M,EF_V0/SZ>M='\-?!DW@KPJUG>W,=Q>W=R]Y<M$FQ%=\951V`QCM]*\\^+C,
M-+T1;61[74'U)%L[_P`WRX[23^^[=N.G![U[!8VVL6^F6,-YJ%O=7,4.RZG-
MN5\]\?>`#?+SR1_*MJNE!)==_E^AV8=*US3HJCY.HD#=?0K^\R=EMU7)^7EN
MN,#-3O!(YG_TJ55E4*@4+^ZXY*G&<G/?/3BN&WF=1,3SC%+SZ&JTEDLLL<C7
M%R#&FW"3%0WNP'!-1KI-J!'N:XD,;B13)<R,=P)(SD\]>AIZ=P+<CB.)I&5B
MJJ6(12Q./0#DGV%>1>(O'<_CH6W@GPS#+9W^L3".ZN`V_P"S6>,R29'W6Q\N
M#CKBO5I+&WD%QOC)^T@";YF^;`P._''I7G-E/9>&/VA;QM96/3[?5M)BMM+N
M'.$F9&7?'N/\?3C/8=S7?E].$ZWO=-12:47H;.G:C>>%/#/V#1])5+>R98([
M%;.8?9A\QPTBY\UGP/F4<-(">,U=_P"$M\1+)([>'2T:NP6)!)YC#S)D49QC
M/[I6/;#CV-1_\(7K":U/J$>K3$W-\99(OM3*L</VA7`7"Y)\M2NTG`/3BDET
M/QY--:R'6+2*1"PEE2:3;M"E%_=XVDGASGD$D#@9KZ<YQ\WB_7/[/TR6#1][
MW4VUR()<2*)D3Y`0"FY"S`R8QCO3K3Q=KMS97-R=&4);VWF[Q',!(Q<K\JE0
M<+C+#&3M.!R*;#X?\5QQ:9''?)$L=_)/=LU_-(_DM*#Y8.T!_P!WN&6'!QCU
M%6\\.^.YK>YDCU>U^VS0QP1N+J6-8O+\S$@51RS$H6!X.2.=HR`=IHE[/J.C
MVMW=VYMYI4RT9!'<C(!P0",$`\X//-:--12%&[[V.?K3J`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#SSP+
M_P`E8^(O_7Q9?^B6KT.O//`O_)6/B+_U\67_`*):O0Z`.`^.?_)$O$?_`%PC
M_P#1J5VNF?\`()M/^N"?^@BN*^.?_)$O$?\`UPC_`/1J5VNF?\@FT_ZX)_Z"
M*`+5%%%`!1110`4444`%!Z44'I0!QOC]R6T"!R!#+J7SJ1PS+#(Z#_OI0?PK
M/[]_QKM-4TNTU:P>UOH]\;<@@X9&[,K#E6'J*X*UW0W-[I[SRW3:?/\`9S<R
MH$:;Y5;)`[C=@G`#8R.#@>-F%)W51;;&%5=2S1117DF!R_Q"TVWU3P?.MQ?Q
M:>]JXO(+B7!"R1@L.,C.<$8_2NW\`^(+OQ5X$TK6M1MOLMS=P[I$Q@$@D;@#
MV.,CZUYI\4V%[9:)H5JHN-0U#5(##:CDNJMECCICZ\?E7MN,=.!Z5I5THQ3Z
MM_U\SNPZ:0M)FLWQ#J4ND^';V^M41YX8B8ED1V0MT&X("V,GG`KA9_B/KMAH
M\,MQHHFN6M3=9:TG@$P,I18TC`D._'S')Q@@]#QA"A.HKQ.BZ/3<T9KRYOB+
MXM>YTZ*'PQ$&NX_M3*J3R,(`9,C[JA9"L8(!/\8XKH/"'C#4_$FL7%O<Z5';
M6D-G%<>>AE^620_ZD[T4%E`.XKGGBJEAIQBY/\PNCL:R?$?AK2O%>D2:9KMG
M'=6[@XW`;HVQC>A_A8>HK6HK!2<7=#/+;7Q7J?PDU.UT;QQ?/J7AF="+'6#&
MS2VA'_+&;&2PQC#8SS^6VWQZ^'NP-'K$TN>0L=A.Q_\`0/K^5=I+#'/$\4\:
M2QR`JZ.H*L.X(/44D4,5O&$@BCB0'.U$``]>!7LPS5J-I1NS-P':!KVF>)M&
M@U70KM;NRGSY<J`@'!((P>000:TA[5Y9\#8O]#\774#`64_B*Y^SQKT``4$@
M=L_TKU(=*]U.ZN9"T444P"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@#SSP+_`,E8^(O_`%\67_HEJ]#KSSP+
M_P`E8^(O_7Q9?^B6KT.@#@/CG_R1+Q'_`-<(_P#T:E=KIG_()M/^N"?^@BN*
M^.?_`"1+Q'_UPC_]&I7:Z9_R";3_`*X)_P"@B@"U1110`4444`%%%%`!116-
MXCU]/#]G#*UI/>27,X@AA@V@L^UFY+$`#"'FDVDKL"WJ^I6^E:9-=7=U;VJ*
M,++<-M0.>%!_''`YKSK19%ELC(]PMY>$C[7=A6'GR8!W`LH)7!&.,`8`Z5HZ
MIK>K:]82V4FEV-A:S(5=KF0W,F><%57"@@X();@CI34#+&B-(\A50-[G+-[G
MW->+CJ\)I1@[G/4DGHAU(2J@LY`4#+$]`!U-+17EF)S/PILI/$7BC6_'-["[
MP.YLM&EE8'$"D[RH'JW&?J*]8'M7DWPHSI'CWQGX<MC(VGPRQ7D")DQ6[29W
M)Z`G@\=<'TKUFGB_XGE96]#U*=N56#OQ1D^IHI,]/>N74L7)]3^=')ZG-4SJ
MVG+<&!M0M%F#;/+,Z;@W3&,YSGM5RFU);@%%%(2`,GIZU("UB>)_%VC>#]-6
M^UZ[$*.VR*)!OEF;^ZB#EC6/XE^(":=K$?A_PQI[>(?$4J[Q96\@5+=./WDT
MG1%Y'OS2^"O`^IIK4WBKQY+:W_B"=56W6)/W>G1XYCC!R,Y)RPY/KZ^IA<!*
MK:4](_F1*5MC/^#&E:_86^O7>IV4NG:5JNHR7UC9W0_TB/>?F9O0'`^4\C&>
M]>HKR*`*4=*^C2MH8A1115`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`'GG@7_DK'Q%_Z^++_P!$M7H=>>>!
M?^2L?$7_`*^++_T2U>AT`<!\<_\`DB7B/_KA'_Z-2NUTS_D$VG_7!/\`T$5Q
M7QS_`.2)>(_^N$?_`*-2NUTS_D$VG_7!/_010!:HHHH`****`"BBB@`KD/'A
M?SO#X`^0ZBV3Z'[/-C^M=?7-^-M,N-1T%9;.)IKK3[A+V&)>LI0_,@]V4L![
MD5C5BY4Y)=B9;&!2U'!<0W5O'<6T@DBE4,C#N#4E?+^IR,*%.&!P#CGFBN`\
M=7\WB#7=.\#:(]V;NZN(WU![4E/)MB><MCTYXR!CFKIP]I*PXQ<G9&U\$$+R
M>,+F%&FLI]8;[/J#,";D`$$9[A>QQCYJ]4=UCC+NRHB@EF8X``Y)-5=(TBQT
M+2;?2])MDMK.U39%$@X`_J2<DGN35F?/V>7;$)CL.(R1ASC[O/KTK"K-5*CD
MMCU(JRL9EOXIT6Y1"NH1Q^9((D6<&)F8@$85@"0000>A!&.HKG;_`,376JZ[
MIH\):YI<EJ\(N)H))%$FS(+NZ-\^W8PQMP0>O:LF.VE@TN6X3P4UY=PW2LJ$
MSP;@(=Y7YB[,JLB)C&PD*5'`%-EU"V\/^(18:/X/:2]EL$%P4EN)"L/EC`8A
M&W*I_=J/O#KA5R:Z8T8:\OYH%*SN8GBWX8^!O%_BJ[U^]\8"UEU">&-8[=X@
MH=HE\M>026<#</7</J?4;/Q)H*I':1:O;,8BMNI:0#>P4'`/1N".1QD@5S#Z
M1;W'B)X9/!.R`A9_M;7<J[I(K>+RU(4$'H$ZX/EYPQR!KZ)X:TB_T>SO;O0?
ML5Q(HD>W>27]V1@!,,02HV(0I``VJ0H(&*K2C**4Y-I>A*5MCI+>ZAN[6*YM
M94F@F4/'(ARKJ1D$'N*XOXD^+9=+T1=-\/WEN-;U"]ATZ(^;\UJ\IXD(`)XZ
M\^H^E=G:BVB@%M:%`ELJQ>6C9\L`<`]QQZUY)\4/#^EV>O\`AJ'2S)_;.J:]
M!)%"TI*H@??(X'8;L$Y/TZ8K+"PC.O&,EI<MVY7<ZCP@^@^`KZ;PM9:?*TT,
ML,5WJ>`\EU/)Y1#R=P"9P!D]F`'%;P^(NB;X4B6[E>:UBN45(@3B4@(IYX8[
M@?3WSQ5*]GU(2^(HY=->]@9U:.%](WQL^Y44]09?E"DD$X"]5P%I/"PO]1O+
M9M:\+V5C`;$)&%LBC6_EB!EC))QMW.^T`#'E=Z^L.8U=)\;VFJ364#V5W:3W
M><),$(C.Z0*&*L>6\F0C&?N\XR,],#D9KBM5D;3/$=F=%\.@_9&8W4ZZ<3B*
M62,NT;J,D_-(2J_,2I)&.N5_PE?C:'3KJ[?0YGF,<36UJ-/=AO*%F4X8$=,9
M.<$C(H`]*HKG]*U+6[CQ#<V^H6*16'[[[/(L3JPV.JKN8DAMP)88`^[WKH*`
M"BBB@`HHHH`****`"J&J:BUC'$D$7GW-Q((H(L[0S8)))P<``$D^WJ15^L_5
M=)AU:.-9GFADAD\R&>WD*21M@C(/T)!!R#F@#.75M0T[5S!K=U8/;M:R7)>"
M%XS;A"H^8EF#`[C@_*>.G7#I_%MM9V[3ZE97=A$7"0-=>6GVACDA4&_(.`3\
MX7`ZXJ:3PW83:=<VEP)IOM07SIWE;S7*G*G?U&#R,8`/:H;GPE:7EO;I<W=]
M+-;N7CNGGS("1@CD;<$<8V^_7F@"2V\46EWH?]J6\$[H)&B,2["P=2006#;.
MWWMVWWJM;^-+:\MXGLM.U"XGD$I-M'&A9!&VUB6W[,$]#NP<'&<59N?#%E<)
M9*DEU;BR#+'Y4QY#==V<Y/'7KUYI;+POINFZ=-9644D<4UN+=F\PEM@#<;CS
MG+NV>I+,>]`&AINH1:IIMO?6ZR+%<QK*@D0JP!&>0>AJU4=O#';P)%"@2.-0
MB*!PH'``J2@`HHHH`****`"BBB@`HHHH`****`"BBB@#SSP+_P`E8^(O_7Q9
M?^B6KT.O//`O_)6/B+_U\67_`*):O0Z`.`^.?_)$O$?_`%PC_P#1J5VNF?\`
M()M/^N"?^@BN*^.?_)$O$?\`UPC_`/1J5VNF?\@FT_ZX)_Z"*`+5%%%`!111
M0`4444`%!Z&BB@#SO4[0Z-XJN(-@CLM2_P!(M-O"B4#]ZGL3P^.^6]#3J[/5
M])M-9TV2ROD+1N0P96VM&PY#J>S`\@UPD33V][=Z;?\`-W9,`7QM$T9Y24#_
M`&AD''1E85X>.P_*_:1V9SU(6U18KE?"UM#J_P`?]6NYT\W^Q-,ABMVY'ER/
MRWU.&-=37'7-Z?!/Q<L?$,[%M,\01IIEV3@"WD&/*?W!XSGH,\]JXZ5VI16[
M046E/4]C`I:89$658BZB1@2J%N2!U('I213Q3IN@ECD`."R.&`/<<=ZX+/<]
M$?GWHY(KBM4?Q8_B'40D>I+:1M'_`&;_`&:ULL;IM!<S&7)+;@1C`&,8Y.:R
M;;5OB6+6.*^T>99O-9Y98(K<@1^2NQ%S)C/FELDCA5QR2*Z(X=M74D*YZ9]#
M39$$D;(2P#@C*-@CZ'M5/1A>C1K;^U9FFO"F97:%8CD]MJD@8Z=3TKCOC1JU
MSI/PUNSIUZ]I>WDT5K"8WVO)O;#*IP>JYZ8(ZYK.G3<ZB@GU!NRN>,7*ZIX%
M^*S-\//$0\3:A>W#"YMXHW8;F;[DV#L;[WW@001G`KW;P+X%U&PUN]\4>,IH
M+SQ!>?+#Y3,\=A">3#'NZ<D\_A]>F\,>&M+\,:+;:?I&G06*10JC"(9)(ZY;
MJQR2<GKFMH#'2OKH4HQLWJ]KF%P`P,4445J(*.:**`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`\\\
M"_\`)6/B+_U\67_HEJ]#KSSP+_R5CXB_]?%E_P"B6KT.@#@/CG_R1+Q'_P!<
M(_\`T:E=KIG_`"";3_K@G_H(KBOCG_R1+Q'_`-<(_P#T:E=KIG_()M/^N"?^
M@B@"U1110`4444`%%%%`!1110`5A^(?#J:PBSVLWV/485*PW03=QG)1U_B0G
MMVZ@@UN4$9J914E9@]3SJ6'4=-7_`(GEK#:AI5BCFAG\V.1FS@#@%>G\0')`
M!-<[X_\`#MWXH\'W&G::\278E2:$R\`E#G&>Q/K7KU[8V^H6<UI>1B6"=#'(
MAZ%2.?\`]=><:4\IMY[>=W>2SNI;4O(,.P1L*S#^\5VGWSGO7BXF@L.U5I['
M/./+JCB;/P'>^*KRYUSXB27,6JR.8[:*RO"JVT(!&U2/4DGK6G\*;1-&^)WB
MO0]"DD70K6&%VMW<LL=PV,E>V<#![\"NPKC]#GMO#O[0%S]JE2PM]=TP>47^
M5+JX5AGGIO\`KR<^XS@JDZL9Q\M%_P``NE-N>I[%BEI`>V#2UY)W!7`?%_0;
MO5/"$6IZ5$T^H:%=)J,$.<I)L(+!E)P>!GUXP.IKOZYCQ[K4VC>$[E[2)7N+
MD&WB:7B.-F!Y<X.!CI[XK:A-PJ*2Z!RN6B.B\-Z[9^)_#MCK6G-OM[V%94]5
MSU4^X.1^%:M>.?!'7ET'1;/P-XC@GTS5DC-S9BZE!2\B<DYB]".Z=>I]0.MU
MKQ]=:3XG.FIHGGVJW-K;->?:M@#SLH'&S'`;.-V3VK[&+4E='.U;1G;45BZ%
MXFMM?GO(K:&6,VK@9<J=ZDL`W!.#E&^4X8<9'(K.'CJW6[U".YABA2U25XPT
M^)'$4HB;<"H5,L1M^8D@@X&15".KHKSU/BY8M&TW]EW31$+Y8B^>5R5C8C8!
MQC>>Y^Z/[P%:NH?$"SL-3FL38W,DD8^4EHT#-F+*G<PV_P"N7EL#@\T`=;17
M.Z9XSL=5U]-+@AFC>2T2ZCDEP`X95;:!G.0&&<XKHJ`"BBB@`HHHH`*3<*4C
M(KSGXHVTM]J_@_3O[0O[2VOM4,-PME<M"77RF/)7G@C^=`'HU%>,ZQH/AC0K
M&6^U34/$-I8QSR0+<7'B-D\QD8J0J[]Q/RG@#..U<<?&?PT$IC&J>+3@XW#6
M)=OU^]TH`^EZ*\-;3]!/AZQURUM?&]]IU\ADCFLM6DG"*!R9-KG9CD'/0@CM
M2:#;^#O$Z7#:!JGB&^^RQ^;.D7B)P\:?WMI8$CZ4`>YT5P,'PIT*XMXYHM8\
M1E)%#J?[9GZ$9'>G_P#"I-%_Z"_B/_P<S_XT`=W17F>O?#O0M"TB2_EU+Q'(
MB,JG.MSJJ;F"[G;)VH,Y+8.`"<5EQ>$='^S+)<WNLG?*L<<EGXFFN(9"4=L*
MX`.X;.0R@<CDT`>P45Y3IW@WPS?Z7979U3Q-')=2QP>0-8G9ED=`^.O("G=G
M^[S4)\->#1',YUKQ1MC*;"NK3/YRM(L8=`K$D;G4?B*`/7**\JUGP/H>D:-;
MW\E[XDC\^18\7>N3Q)`6!.97!;8O&,X/)`[UG0^&M)_M6WL;E/%,GG02S?:=
M.UV:ZA(0H,*00S<R8.5!!QP0<@`]FHKR0>%_"AME<ZAXO\YKS[%]E&I3F43>
M690I`;'W!G.<<]:AU+P[X6L=!N-1MK[Q7>-!;2W$D":M.&BV;P1)SE?GC9"<
M'!!["@#V&BO*;OP=X8L;\6MYJ'BZ'=N"S-J5P(W94:0JIW9)VJQSC!QUJGJ'
MAWPS9Z%-J4-QXPG\NT>[$/\`:DZMY04E78;B55L8SC([CB@#V*BN"C^$^BR1
MJW]K>(QD`_\`(:F/]:=_PJ31?^@OXC_\',_^-`'=T5PG_"I-%_Z"_B/_`,',
M_P#C1_PJ311_S%O$?_@YG_QH`K^!ACXL?$7_`*^++_T2U>AUY3\*=-BT?XE_
M$33K>:XFAMY[((]S,99#F)SRQY/7O7JU`'`?'/\`Y(EXC_ZX1_\`HU*[73/^
M03:?]<$_]!%<5\<_^2)>(_\`KA'_`.C4KM=,_P"03:?]<$_]!%`%JBBB@`HH
MHH`****`"BBB@`HHHH`*YCQ'X<CF6XU?2+53K"QY`5]@NL#`C?L>!@$\@XYQ
MD'IZ0X[U$XJ:Y9;,+7/.;>>.YA$L))5LC###*0<%2.Q!!!'8@U0U[P[I?B;3
M6LM9M$GB.=C='C..JMU!J+0IHK7PG#>7<BQPLLER[D\*KNS_`*`UJ6]IXAU-
M`=/T7[*C#*SZG,(UQZ[$W/D^AVU\W"C4<W[-;,Y$G?0Y+2K;XF>&K)=.TG7-
M(U.QA<K`VIQR-,D>>`7'7'X]?3%6VU/XLWJ^6][X:TL%03+#"\K9YR`"<5TE
MU9Z[I4)N=8LK`6<:EI[FUO&80J.=Q1D!Q]"34=W=PV-E+=W!(CB7<=HR6]`/
M4DD`>YK2K[2$O?@KOR-'4J1T.>%Q\4]+.^UU[1]>5N3%?6?V<J<=%*=OK1IG
MQ8\1^*=0BT+PIX7B_MZWC9M574)BD%JRMM(5EY;)Z<^WJ:ZF?P_?1:;-J6MZ
MK+IUK$A<VMA$AE`[!I'W`MST4`9X!/6J,`C^QI;:)I][H<!G,UW-/-_I=XVW
M:"SJS''/))R,``"NE4H07-B$OU-%.27O,YWQIX=^)OB+3D36-`T34!%^^M6T
MF^>"YLIE((D1WX)/I[=JZ'X6:SXRU.&?3OB#X:N(7A*O#J5Q%&OG8`*B10>7
M'4,!CCG!ZU/$*:M/X9U'[7K]_=/';N\7W(0A4;@3Y:KN(V]SCKQ6UX"\6^=-
M;>'M4U2/4;UK-+JUN5*^9)$4!*2@,2)%SR2!N!!ZYKLP]:BWR4]!QES:G>16
MT,)<PQ)&9'+N44#>QX+''4^],;3[-Y)G>T@9YU"S,8P3(!T#''(^M3KT%+7<
M456TRP>)HFLK=HVQN0Q+@X((R,>P_(56;PYI4FJSZC-9K-<SP^0YE8NOEY!V
MA22H!*J3@<X%:=%`$0MH!<_:!#&)]GE^;M&[;G.W/7&>U2T44`%%%%`!1110
M`5P/Q#_Y&SP%_P!AL_\`HEZ[ZO//B3.MOXG\".R2,!K1.(T+'_4OV%`'G/QG
M\-6FO6VE./$6FZ=J$5S?K%9:C<>4DZ&X;+*QX4YP.<`COQ7C\-S=^#Y3;WNE
M^'M6CFW8\[RKP<8!(>-MR^V3^'6OI7Q'X.TKQ6B1Z[IQO8[>:>6V:2PNT>(2
MN7*DHX![=16);_![P?;G/_"/K*?^FMK?']/-IB.7^'WP]B\>>!9M2\*^(=>\
M.31,]J]H]R9;5GV_/MP%.Q@QX[9[USOP6T?3H/B#JJ:AJ6S4M,M+J.UMH5)2
MY(1DD;?Z`<A>^<]L5[#<>#K>>T>QBDU"STUX_+.FV4%W;VP&.<(CCKU/J2<U
M2T/X8^'?#VJ)J&EZ9+!<HCHLHM;QBH="AP&?!X)Z@T@/6M*_Y`UE_P!>\?\`
MZ"*MUB6>LP6ME!;FUU!C%&J;OL4@S@8STJ;_`(2&W_Y\]0_\`Y/\*!B>(5O9
M;`0Z='=^:S!A-:2QHT14@@D.0&!Z%>XR#7*Q:-<7%Q)<36%U<79F1II8)+6,
M'RUD55*AB`?WK$D\G@=!BNJ/B"W/2TU'C_IRD_PKGM#TW2=!;4FM(-5+ZF6:
M=GLY#EF>1\C(P,>81@<<>]`%?3=.CT[4K;68M-O)?LEDED`U];^5N4!?-(#X
M$A4!<^G%,MO#[VD+6$6D311EH7ABB^QQNJ12)(`6!W/R@!)[>_-067AJPL?!
MT&@H=0D6WF$T<TFENXR$V<JV>WH1S^1NV^EZ?;ZO8WJC57-I%&H#:>VYC&FP
M?,%RJD<E!P3SZY`-;4[G5]0@6*UT^_L)XY-Z20W%NW(&"K(7PRX;H?8\$`US
MA\.SS337"6MZEP^];UX);5%D!\LE2H?"_P"J3/7(W`Y!XV((;.'Q9-K875&\
MS<PMS8-A79(D9LXSRL*<=N?7C/M_#^C6L&K)!%JX;59&DG<V<A^;SGE'&,;<
MO@KT('/4T`%AI<FF+%=M87)5=0&H;UEM(8F?[.8-H"M@+CGUSW-,NM!N)K>[
MLH+74+9]1@N(IBEQ:L[Q322R$*"W&UI6P<'(Z^H=J^B6.L>&K+29O[1B^R7/
MVD/%I;1J6VNN-B@8'SGH<\=3S5N>QLI_$=IJVS4%:W5`R#3"6;8"!A]N0/F.
M1S[$4`5;WPY<7FK"\ETV^4F9Y57S+4ON>%XBN\L6V@.2%&,8[CBI-1T>[U#3
MWMX;+4+42:;_`&=/+'/;,SP[6`/+84C).<=ZV;^\M+^XT^62#4D-C=?:4"V3
M_,?+=,'CIAR?PKG])\.:3I&BZCIL#ZV\5^D:G?:/^[V#^'C[I8EBIX^8CH<4
M`=WI\WGV,4IC\K<H^0NK8_%20?PJS7,:3=Q:7:16XCO6C0,66/2VB4L2#D!1
MA0.>/?DUHCQ!;X_X\]0_\`I/\*`-:BLK_A(+?_GSU#_P"D_PH/B"W[V>H?\`
M@%)_A0!Q/P^_Y+#\3/\`KXL?_1+UZ77F'PWF%Q\6OB3*JN@:XL?ED0JP_=..
M0>E>GT`<!\<_^2)>(_\`KA'_`.C4KM=,_P"03:?]<$_]!%<5\<_^2)>(_P#K
MA'_Z-2NUTS_D$VG_`%P3_P!!%`%JBBB@`HHHH`****`"BBB@`HHHH`*0BEHH
M`Y%OA]9?;E$-U+%I7FB9M-"@H6#;L!NH3=R5Z9]!Q75.RQHSNP50"2S'``]:
MDILD:2QM'(H=&!5E(R"#U%2H1CLA6L<EXG\16.H>"K@:+=V]]_:C'3H'@D#K
MO<$,<C^ZFYOHOO7+^(8!_P`(I?1Q*6\FVW1@=<H-R_JH-;4_PY>UU#[7H.H1
MIM_U<%];^8L0Y&U&4J0`IVC=N(7C.,"JMSH_BB:.2Q.BPB293']KCNU:W0,,
M%B#B3C/W0I],]Z\O%4ZU2<6EHC*:DVB]XSCGU)=&OH[2YOM*V/+-;VZ&0EV"
M&)F0?>`^?L<$BJ$$.MWZF6QT9H8`I9IM4F^RC\%VLWXD"N\T^T%AIMK9JQD%
MO"D0<C&[:H&?TKSLW=]KMU>1:YJ#N;:Y>.72HPJ10X8[0X'S2`KM(+':V<[1
MT&N*ITE^]J78YI;L=!(-7T=OE`^T1O&0I)4DY7@D`E3U!P,CFN9\&6<?@[PU
MI'BRP>W-I<R0P722VB!H8Y)!'(QG^\$5ANP>!R#QC'9J3N!/J*C^'BQS>#9;
M&:)7BMKVZM#&ZY#*LK<$'J#FO$>)GAU[2&UU=>78>'2DVCT)6X&"".Q'>GYK
M@H=`U;PVA_X0[4%%HN2-(U$EX![1R#YXO8?,HSTK9T;QC9:A?+INH13:3JV#
M_H-Y@&3'>-Q\L@_W3GU`KWL+CJ.)7N/7MU-G!HZ2BDR/6C(]:[B1:***`"BB
MB@`HHHH`*X'XA_\`(V>`O^PV?_1+UWU<#\0_^1L\!?\`8;/_`*)>@#OA10.E
M%`!1110!S/BC7]3TO5-/L=)MEG>ZBGE<F!YB!&8P!M5A@$R=3TP..:RK[QGK
M,-TEG'IT<5UYXBEC5'NFC_T5)F&U"NXAG*Y'8#UKN##&TJRLBF1055R!D`XR
M`??`_(4QK>W60S>5&),[C(5&<XQG/T`'T%`'&+XUU-M/-R]M96S06ZW#PSRL
MKW2LSA1$/X6(3.T[B&8*>1FM0^*)/LURQAC$\6J1620ECN9'DC7?CKD*Y;T^
M7TJ&\UC1+SP_<ZM>:1]I2Q<XAGMH_,.XC:Z[S@!PP()(X)SC!IR:WIG]HO=Z
MIHKV%];P;HII8XI9'3<%VH\;-@[G4;<@G=P#S0!G1>+=9F.FW);3(+&\M9[N
M0O'(SQI"R!P"&`).XXX&,=Z?:>-;_4M($EK9Q07HN/+DBG60%$*[T81N$9R1
M@''0ACR!5ZXU^ULM/NI[_P`/W5L+*$ND3)`V]25X4JY5225X8KZ]J34-:M'T
M6]NM=\.S&")H8VAE%O<-,7DVJ`JNW0L#@XZ\4`-U7Q5>0Z#HUYI<44\NIW(A
M^2)Y0H\J1R53Y6;_`%>.V,D]JS+[QGX@M)UADTQ(9([);F91;23XW2R(N=K#
MRP5C#<YV[CG[IKHSJ]O-)-#I]A)?RV44%Q$D/EJ&67<JF,NP`PJMGD<'`SG%
M5M-\46]_#I]Y+I5U9_VH"MNTWE%GC$;2@G8[8&-W![GIWH`AB\4WH9;F\@M;
M>W%PEK+:F0M.CD@,^[.TH,D].4!;/:JFM>-;NVU,VFDQ6\RFYCB28*TV5:WD
ME)VJPS]P#KT.:T-)UK1=6FTB]L]/"7.HVK/#(\"+)"BJI,;GJ.''`R/PJ2UC
MT#4+FYT5='M_)M9/,"/:)Y,C]'9!C!*D[6.."<4`4[?Q+J4Y.YM.MQ;"+[0E
MV7A>4N`?D&3M'.!G=E@1QC-6]*U'7+CQ1?V%\^G&VLE1B88Y`[^8&*]6(&-O
M/K[5K)HVF(ULR:=:*UH,6Y$"@PC_`&./E_"K2Q1I(TBHH=\!F`Y;'3)[T`/H
MHHH`*0CWI:#0!YI\/O\`DL/Q,_Z^+'_T2]>EUYI\/O\`DL/Q,_Z^+'_T2]>E
MT`<!\<_^2)>(_P#KA'_Z-2NUTS_D$VG_`%P3_P!!%<5\<_\`DB7B/_KA'_Z-
M2NUTS_D$VG_7!/\`T$4`6J***`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`KBOB):6S:9;SH!!J<UPEG;7B%E>/>22"5925X/!.,]B>*[6JM]IMIJ=G
M)::A;QW-O)]Z.1<@^A]B.QZBIE'F30F<!91SP6D4=W+YTR+M>3&"^.YZ<U)X
M!=DN/$=ICY8=59DQW#QHY/YDUL2?#VQ4C['JVLV:`8$<=WYBC_OX&JK'\+M/
M6>>?^V]>$MPP:1TO1'N(&!PB@=/:O"JY94J1<;K4FDG"5V=#SW_6J6JZ38ZU
M8&SU2W6>$G(SD%&[,K#E6'J#D51D^%7A&XA$=]I\UZ0<A[N]FE<<?WF?-))\
M.K6SF,WA?5;_`$%B1NAMY/-@;U_=/D#\,5R?V'5C[T)ZG5[5=401/XL\/?NK
M)5\3V.,1K<SK!=0^QDQMD'N0&]2>U&7XBZM;WMBUWI&G6]G<726IACU-;B[D
M+MMS&B#:=I(+`G@9/M6DWPUM-0AV^(-<UG5')S(&O#!&P(P5"1X`7GIS]:VK
M#P9X;TN\%WI^A:?;W*XVRI;J&7&<8..#R>E>SAZ6*C%*K-/Y?J9R<7LC:%+2
M8Q2UZ)`4444`%%%%`!7GGQ*F\CQ-X$D\J67;K1.V)=Q/[EZ]#K@?B'_R-G@+
M_L-G_P!$O0!U']NG_H%:G_X#_P#UZ/[=/_0*U/\`\!Q_C6J`*7`]*`,G^W3_
M`-`K4_\`P''^-']NG_H%:G_X#C_&M;`]*,#TH`R?[=/_`$"M3_\``<?XU5U+
M4/[1TZ:S;3M5C2==CE;<9*'[P'/&1D9[9KH,"C`]*`.!G\/:2;.ZM+#1M2LK
M>\A2&>);7>L@1@5R&8]`&7'3#>U6_P"SM,C2[ALM#O[&VN]CO%:V21[9D8,D
MJD?Q`@=<CY1QUSV>!Z48'I0!YU?:!_:KWMQJ5O>R7ES:O:K/'I,:?(Q0DR#<
M3(?W:CD@8SQS4]KI?E6-Q;2:=+$)IK>7=8:,EL<Q2B0!L.=V<8]LFN^P*,#T
MH`Y/3!%I>LZC?0:?JQ2]$8$!MAMAV;R0O.<$NQQVSQ5>WM([>PT2U%IJ[#2(
MS&C&U&9<Q&/)YXX;-=I@>E&!Z4`<-9:;'I]UI=Q;6NKK)I]@;3!M%VS-L1!*
MPS]X"/'N#@]!3['2=,TR[MKRPT?58KR$MYD_DEC,'YD#`MCYF^8X[@&NVP/2
MC`H`R?[=/_0*U/\`\!Q_C1_;I_Z!6I_^`X_QK6P/2C`]*`,G^W3_`-`K4_\`
MP''^-']NG_H%:G_X#C_&M;`]*,#TH`R?[=/_`$"M3_\``<?XT'73_P!`K4__
M``''^-:V!Z4A`-`'F/PVF\_XM?$F7RY(MUQ8_)*N&'[I^HKT^O-/A]_R6'XF
M?]?%C_Z)>O2Z`.`^.?\`R1+Q'_UPC_\`1J5VNF?\@FT_ZX)_Z"*XKXY_\D2\
M1_\`7"/_`-&I7:Z9_P`@FT_ZX)_Z"*`+5%%%`%:_O$L+-[B4,43&0N.Y`[_6
MIH9!+`D@R`ZAAGK@\TVY#FVE\K[^P[?KCBO&;,?&^*RAC^TZ>NU`,268=A]6
MW<GWH`]K/2LK4M;ATI)'N8IBJ*#E`#G(8\<]?E_45Y?O^-__`#]:7_X`#_XJ
MH+QOC>UA<`S:=)F)ODCLMK'@\*0V0?3WIV`]DLKI+RU6>/(5B0,D=B1V^E3D
M\5XS'XO^+BQJO_"#3X`'6X@S3O\`A,?BW_T(T_\`X$04@/2[CQ':V^H2V;)(
MTD8RQ0J<<9QUR#CG'IS6E97*7EI'<1@A)!D`X_I7C-]XB^+^H6KVL'A"6REE
M9=MR9H2(R&!R0.2..1GH:L[_`(WCI<Z5C/06`_\`BJ!'LM83^*;-+JY@\N4O
M;'#X*D$\=#GIR,GM7F^_XWX_X^M+_P#``?\`Q57="A^+$_B"P'B*?3CIB3J]
MP(K;RF*@\X(;]#P10,]4A<2Q+(O1U##/7!J2FKWIU`!1110`4444`%%%%`!1
MC-%%`!BBBB@`HHHH`****`"BBB@`K@?B'_R-G@+_`+#9_P#1+UWU<#\0_P#D
M;/`7_8;/_HEZ`.^'2B@=**`.:?Q!=K\3X?#NR'[$^CR7Y?:?,\Q9D0#.<;<,
M>,9SWI-3UV]D\70^&M%$"W?V/[=<W-RI988BY10J`C<S,&[@`*?44:EX6O9_
M&D'B33-4BM;B+3WL&BFM#,K(T@DW<.I!RH'>IKGPU/<7UGJR:B+?6K:`V[W4
M,&(KB,G<4>(L?E!Y'S9!SSR<@&)KWCBY\#RNGBD0WD+V-Q=VMQ:1F(NT*AGB
M9"S8)###`XZY%:L;>+U@MKM_[+F:0H9]/5'0Q*2-VV8L0Q7/=`&QVIMQX*AU
MBXEN/%-U_:LDEI)9I&L7DQ0QR`"38H)(9@!\Q8D8&,5)#X=U<006=UXDGEL8
M"OW(!'<RJO19)0<$'`SM52?7DT`9GC/Q1KEAJL>D>$(+2YOXK*74;I;I68"%
M.$C7:PP\C9`/^R3@U5\5>+M6M/AZ_C/PU?6+V+6\$T-M<V;.Q\QE4Y<2#D;N
MF.",5MP>!M+?6M4U76K>VU>[OYE97N[5&%O$JA4B3.<`8))[EB:H7/PXAE\#
M:MX5AU%X-/O;HSVP6$?Z&AD60Q*,X*A@V.F`V.U`#O$FKZ]X:L=-DEO;.[DO
M-8M;0E+,Q!8I&PPP7;)]#^E6H]:U/6_$.JZ=H3VMI;Z3(D$]U<0M,TDS('**
M@9<!59<DGDG`'%7_`!)X<3Q);V$4MPT`L[^&^4JH.XQMD*<]CZU%-X;F@UJ[
MU70=0^P7%\%^UQ2P^=#,RC:LFW<I#[<#(8`@#(.*`./\3_$#Q%H.HQZ':V-A
M=ZU]OM(T!+)%=6\_F@$9;]V^Z)EY+#H>0>-J'QS_`&EXG\*VVE!#8:S%>M<K
M-&1-!)`$_=D9^5@S,K`@]*=>?#N+4-1M=3O-3FEU*+4[>_FN#&N'6`.$@51P
MB#>Q[G)))-6)/`5E_P`+$M/%EM<RP2PQRB:T49BF>10IEQGY7VJH)'7:/2@#
MJ7Z<5PFE^.KV?XJZOX9U*VMXM/@?R[&Z3<'>18(IG1\G'W9&(/'"FN\(R*X3
M7OAB-:_MJ2'6I[&YU._CO8YXH03;E;<6[*,GYMR;N>,;O:@"MX'^(]QXEG\3
M7>K06]CI6EK%<6DB[MSVSJ["1R3U*J#@`8SWJQX-\9:SJFLV]IXEM;:T75['
M^T=+$*LK",/AHI,L<R!&C;C'WCQ\M/G^&%JXU6WMM0DM[#5!8PS6JQ`XM[9=
MOE!L]'&`3Z9'.:TK_P`!:1+=Z;>Z/:VNCWNG7:7$<]I:HA=1E7B;;C*LI(Z\
M'![4`<DGQ%U5M`U?5#JVB&[L+V[@@T;R#YUR(I61$!\TMO<*,'8>3TQ7J%M*
M\UK%+)$T+N@9HVZH2,X/TZ5C^&/#$/ANPN+=9?M+37UQ>>8T84J99&?;WZ;L
M9]JW`,"@!:***`/-/A]_R6'XF?\`7Q8_^B7KTNO-/A]_R6'XF?\`7Q8_^B7K
MTN@#@/CG_P`D2\1_]<(__1J5VNF?\@FT_P"N"?\`H(KF?BMH>H^)?A=K6CZ)
M;_:;ZZC18HO,5-V)%)Y8@#`!/)[5E6WB3XDV]I##_P`*Y@/EQJF?[<AYP,>E
M`'HM%>??\)3\2?\`HG$'_@\A_P`*/^$I^)/_`$3B#_P>0_X4`>@XS1C'2O/O
M^$I^)/\`T3B#_P`'D/\`A1_PE/Q)_P"B<0?^#R'_``H`]`/2LZ]M+V>Y22UO
M#!&J%6BQPQ(.&S[9!]\<UR'_``E/Q)_Z)Q!_X/(?\*/^$I^)/_1.(/\`P>0_
MX4`=-#8ZL'B,VH(ZIP2,C/)))'?.0.>FW(ZTR#3-7CEA-SJAF6-AN4?+O`&/
M3OU/O[5SG_"4_$G_`*)Q!_X/(?\`"C_A*?B3_P!$X@_\'D/^%`'0?V-JHC4)
MK$NY8]A!/!./O9P3G-7;:TOH]0$TUSOA,(0Q[B<,`.1P/?\`^M7)?\)3\2?^
MB<0?^#R'_"C_`(2GXD_]$X@_\'D/^%`'H`'%&!7G_P#PE/Q)_P"B<0?^#R'_
M``H_X2GXD_\`1.(/_!Y#_A0!Z"!BBO/O^$I^)/\`T3B#_P`'D/\`A1_PE/Q)
M_P"B<0?^#R'_``H`]!HKS[_A*?B3_P!$X@_\'D/^%'_"4_$G_HG$'_@\A_PH
M`]!HKS[_`(2GXD_]$X@_\'D/^%'_``E/Q)_Z)Q!_X/(?\*`/0:*\^_X2GXD_
M]$X@_P#!Y#_A1_PE/Q)_Z)Q!_P"#R'_"@#T&BO/O^$I^)/\`T3B#_P`'D/\`
MA1_PE/Q)_P"B<0?^#R'_``H`]!HKS[_A*?B3_P!$X@_\'D/^%'_"4_$G_HG$
M'_@\A_PH`]!HKS[_`(2GXD_]$X@_\'D/^%'_``E/Q)_Z)Q!_X/(?\*`/0:*\
M^_X2GXD_]$X@_P#!Y#_A1_PE/Q)_Z)Q!_P"#R'_"@#T&BO/O^$I^)/\`T3B#
M_P`'D/\`A1_PE/Q)_P"B<0?^#R'_``H`]!/2O//B4)SXG\"?9FC63^VCM,BE
MAGR7[`BG?\)3\2?^B<0?^#R'_"N?\22_$G6]4T&]7X?Q1G1[[[6$&M0'S?D9
M=N3C'WLYYH`]!FU#4K:<P3ZII22@@>7Y$FXYR1@;^<X/Y5)%=:M.X2'4-+=B
M,@"WDY&`?[_H17#7.K_$*\G6:X^%%L\R'*R?V]"&4XQD$<CBIHM?^(\$JRQ?
M"RW5UC$08:]#G:#D#\R:`.K_`+7OMTBG5M*!C.'!MY`5Z=?G]P?H15F"76;@
MR"&^TUS&VU@+:3Y3C/\`?]"*X)=0\?*KC_A5%N=^=V[Q!$2<G)Y)]:LVWB/X
MEVB.MO\`"Z%!(YD;.OPG+'J>:`.Y*:^`3]JT[C_IWD_^+JMIESK^HZ5:WOGZ
M;']HB639Y$AVY&<??KE3XM^*!!'_``K&#D?]!V"J^F^(?B?IVEVMFOPT@<6\
M2Q;_`.W(!NP,9Q0!W>S7\C_2M._\!I/_`(NJD6I:C/L\G4]+DWL579;2')!`
M/\?J0,^]<Q_PEOQ1_P"B8P?^#Z"J*ZK\0D8,GPJ@5@Q8,/$,0.3C//IP..G`
MH`[3^TM1^SO/_:ND>5&=KOY#X!W%?[_J"*F>XU>,Q!]0TH&9MD>8'^9L$X'S
M^@)K@H[[Q[$'6+X36T:OMW*GB")0<8P<#OD=>OZU/-K?Q%G:)I_A5;2-#S&6
MUZ$E#D<CWX'/^)H`[!-3U"2**1-4TIDFD\N,BWD^=O0?/S0-4OB.-7T=O]V%
MSCIUP_'4=?45QG]J_$(0K$/A5!L63S0#X@B^]ZGUZ#\J#JWQ")4_\*HMAMQC
M&O0C@8X..HX'!ZXH`[$:O>[@O]L:/NR1@PN#D`$C[_7!S5[9K_\`S]:=_P"`
MS_\`Q=>>B_\`'HC9!\)+/:_W@==AYYS^>:T/^$M^*';X8P?^#Z"@#LO+U_\`
MY^]._P#`9_\`XNJNFW6OZA9_://TV/\`>R1X\B0_<D9,_?[[<UR__"7?%'_H
MF,'_`(/8*JZ=X@^)^GVA@7X:0N/-DDW'78!]]V?'X;L4`=YY>O\`_/UIW_@-
M)_\`%T>7K_\`S]:=_P"`TG_Q=<;_`,)=\4?^B8P?^#Z"C_A+OBC_`-$Q@_\`
M!]!0!V7EZ_\`\_6G?^`TG_Q='EZ__P`_6G?^`TG_`,77&_\`"7?%'_HF,'_@
M^@H_X2WXH?\`1,8/_!]!0!!\-Q,/BU\21=-&TOVBQW&-2%_U3]`2:]/KSCX9
MZ/XEM_%_B_7?%.B#1VUF2U>&%;N.<?NT=6^93[KU`ZUZ/0`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
/%%%%`!1110`4444`?__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>aif_pg42.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg42.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#,#``
M`)*2``(````#,#```.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,C$Z,#4Z,#0`,C`Q,SHP
M,SHQ,R`R,3HP-3HP-````$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+'FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,C$Z
M,#4Z,#0\+WAM<#I#<F5A=&5$871E/CPO<F1F.D1E<V-R:7!T:6]N/CQR9&8Z
M1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2)U=6ED.F9A9C5B9&0U+6)A,V0M,3%D
M82UA9#,Q+60S,V0W-3$X,F8Q8B(@>&UL;G,Z9&,](FAT='`Z+R]P=7)L+F]R
M9R]D8R]E;&5M96YT<R\Q+C$O(CX\9&,Z8W)E871O<CX\<F1F.E-E<2!X;6QN
M<SIR9&8](FAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O,C(M<F1F+7-Y;G1A
M>"UN<R,B/CQR9&8Z;&D^36EC:&5L;&4@0W)E<W!O/"]R9&8Z;&D^/"]R9&8Z
M4V5Q/@T*"0D)/"]D8SIC<F5A=&]R/CPO<F1F.D1E<V-R:7!T:6]N/CPO<F1F
M.E)$1CX\+W@Z>&UP;65T83X-"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@/#]X
M<&%C:V5T(&5N9#TG=R<_/O_;`$,`!P4%!@4$!P8%!@@'!P@*$0L*"0D*%0\0
M#!$8%1H9&!48%QL>)R$;'24=%Q@B+B(E*"DK+"L:("\S+RHR)RHK*O_;`$,!
M!P@("@D*%`L+%"H<&!PJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*O_``!$(`K,"#0,!(@`"$0$#$0'_Q``?```!
M!0$!`0$!`0```````````0(#!`4&!P@)"@O_Q`"U$``"`0,#`@0#!04$!```
M`7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9
M&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY
M>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*
MTM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X^?K_Q``?`0`#`0$!`0$!`0$!
M`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($!`,$!P4$!``!`G<``0(#$00%
M(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ
M-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"@X2%AH>(
MB8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8
MV=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$``A$#$0`_`/I&BH[AS';2NOWE
M0D?7%>5^#V^)7B[PAIVO1^,M-M%OHO-$!T8/LY(QG>,]/2@#UBBN!_X1[XF_
M]#WIG_@C'_QRC_A'OB;_`-#WIG_@C'_QR@#OJ*X'_A'OB;_T/>F?^",?_'*/
M^$>^)O\`T/>F?^",?_'*`.^HK@?^$>^)O_0]Z9_X(Q_\<H_X1[XF_P#0]Z9_
MX(Q_\<H`[ZBO,(+;XE79F^R^,+6589G@9AH2`%D.&QF;ID5-_9GQ1_Z&NU_\
M$<?_`,>H`])HKS;^S/BC_P!#7:_^"./_`./4?V9\4?\`H:[7_P`$<?\`\>H`
M])HKRJ,_$B76+G3%\6VPN+6&.:3.A1A=KE@O/G?[#59:R^)BG#>,+%3G'.C1
M#_VM0!Z917FW]F?%'_H:[7_P1Q__`!ZC^S/BC_T-=K_X(X__`(]0!Z317FW]
MF?%'_H:[7_P1Q_\`QZC^S/BC_P!#7:_^"./_`./4`>DT5YM_9GQ1_P"AKM?_
M``1Q_P#QZC^S/BC_`-#7:_\`@CC_`/CU`'I-%>;?V9\4?^AKM?\`P1Q__'J/
M[,^*/_0UVO\`X(X__CU`'I-%>4QO\1I-:N=*7QA:?:K:!)Y%.B18".6`/^N]
M5-6C8_$U<[O&%D,=<Z-$,?\`D:@#TRBO-O[,^*/_`$-=K_X(X_\`X]1_9GQ1
M_P"AKM?_``1Q_P#QZ@#TFBO-O[,^*/\`T-=K_P""./\`^/4?V9\4?^AKM?\`
MP1Q__'J`/2:*\V_LSXH_]#7:_P#@CC_^/4?V9\4?^AKM?_!''_\`'J`/2:*\
MV_LSXH_]#7:_^"./_P"/4?V9\4?^AKM?_!''_P#'J`/2:*\QNK3XFV=G-=3^
M++8101M(Y&AQD[5&3_RV]JI+>^/#80WDWCK3K>*:V6Z7S]'B0B)L88@S<#+`
M?4T`>MT5Y1;7'CR\NS:VGC[2I[@;OW,>E0LWR_>X$W;(J]_9GQ1_Z&NU_P#!
M''_\>H`])HKS;^S/BC_T-=K_`."./_X]1_9GQ1_Z&NU_\$<?_P`>H`])HKS;
M^S/BC_T-=K_X(X__`(]1_9GQ1_Z&NU_\$<?_`,>H`])HKS;^S/BC_P!#7:_^
M"./_`./4?V9\4?\`H:[7_P`$<?\`\>H`])HKRK4#\2-+:S%WXMMU^V7*VL6-
M"C/SL"1G]]T^4U;_`+.^)XZ^+;/CK_Q)8O\`X]0!Z517FBZ?\3W^YXNLV_W=
M%B/_`+6IW]F?%'_H:[7_`,$<?_QZ@#TFBO-O[,^*/_0UVO\`X(X__CU']F?%
M'_H:[7_P1Q__`!Z@#TFBO-O[,^*/_0UVO_@CC_\`CU']F?%'_H:[7_P1Q_\`
MQZ@#TFBO-O[,^*/_`$-=K_X(X_\`X]1_9GQ1_P"AKM?_``1Q_P#QZ@#TFBO+
M-33XE:1I-UJ-YXLMQ!:Q--)MT*,G:HR<#SJG2P^)[Q+(OBRUV,H8$Z)&.",_
M\]J`/3**\T.G_$X9SXNLQCKG18N/_(U._LSXH_\`0UVO_@CC_P#CU`'I-%>;
M?V9\4?\`H:[7_P`$<?\`\>H_LSXH_P#0UVO_`((X_P#X]0!Z317FW]F?%'_H
M:[7_`,$<?_QZC^S/BC_T-=K_`."./_X]0!Z317FW]F?%'_H:[7_P1Q__`!ZF
MOIWQ0CC9V\5VN%!)_P")''_\>H`]+HKSZ'0_B5<01S1^.],V2*&7.A#.",_\
M]*?_`,(]\3?^A[TS_P`$8_\`CE`'?45YKK&G?$S2=#OM1;QOIDHL[>2?R_[$
M`W;%+8SYG&<5Z50!#=_\>4__`%S;^5<=\&?^2-^&_P#KT_\`9FKL;O\`X\I_
M^N;?RKCO@S_R1OPW_P!>G_LS4`=O1110`4444`%%%%`&)X7_`./34/\`L)W7
M_HUJVZQ/"_\`QZ:A_P!A.Z_]&M6W0`4444`<5<Z=_;'C7Q3IPD$9N='M(MY7
M=L):?G%5X_A5IT^H7$^KRI?17,KR21&'9NR&_B!R#ER21C.U/2M;1/\`DH?B
MC_KG9?\`H#UT]`$<$$=M;QP0+MCB0(BYS@`8`J2BB@`HHHH`****`,;Q-XDA
M\-:?%,]M->7%S,MO;6EOCS)I#T`R?0$D]JYC4/B/#JNDPV'A19&\17[M;I9R
MIA[)@<.\H_A"=??C%7]5`U'XM:%:'#)IMC<7S#KAG(B4_P#H5=3'86<5[)>1
M6L*74J[7G6,!W'H6ZD5ZL?J^'A!U(<TFN;?3=I)KMHGT?0O1'E'_``JO2;OQ
M%JVE)-/%J"Z5;.-4WLTK3,\NYVR<,#@94\8%9WA_P''J?C.XL?%VH,NJ6[N\
MUH(RL6H0ON_>H=V23NP3U7:H[5Z58_\`)4=7_P"P7:?^C)JG\6>%H_$ME$8;
MA['4[-_-L;Z(?/`_]5/0CN*RAB%7;ABG>^S_`)7_`)=U\UJ*]]S;@@CMK>."
M!=D42!$4=@!@"I*Y3PWXMEN-0;P_XGB2Q\00+DH#B*\7_GI"3U![CJ*TM:\7
M:!X>8)K&JV]M*WW82VZ1OH@R?TK&6$K1J>R4;OI;6Z[JVZ%RN]C9HJEH^KV6
MO:3!J6ES">UG!*/@CH<$$'D'(/%7:YY1E"3C)6:$%%%%2`45Y_/K-[J7B[Q#
M8W'B,:"FEO;QVD(2/]Z'4,9&WC+!B2@"XQM/4UQ\/C#Q)<Q6$<FLW=O'(^L9
MNPUN?/\`L^[RAC;QMVC/`SS0!Z]XC_Y%75?^O*;_`-`-<M%X-@\4>$_#TMQ>
MS6XATN!%$2(><1L&R0?[O3IS7GFN^,/$4?A?Q`B:Q<W,266F,;HM!B#[0O[T
M$;02&R0,=*W?`OB*[;P5X?%_X@DCGBU*2"XB)C4K;11N=KC;E5"HI+<'GKR*
M`.^\+^!=$\)AVTVV4SL<">0`NB`!513V4`#CZGO71UXW-\0];N=!\1+=3RZ7
M>JT&HZ2VQ(V>SED5`OS@AL8.6_VQZ5-%XIUM/&QBO=7N;2SB\00V,EM,\#*D
M36AEVLZKW<#'.<'%`'KU%>0ZCX^UO3-`6;3IWU.:'4;J\N6\H/\`\2Z&<I@;
M0``5Z-_LGFO6+2[@O[.&[LY5FMYT$D<B'(=2,@@_2@":BBL76_&&@^')EAUK
M4H;25T\Q4DR"R\\_FI'UP.XII-NR`VJ*X/3;3Q9XOM#JMUKMSX?L[IBUK86U
MO'YJ1?PL[L"=Q'..V:N?\*VTZX(.K:MKFI\8(N=1<*?^`IM%=TL-1I/EJU=5
MNDF[?DON;*LENQOC_4;*U?PZUU>6\*QZW`SF255VC:_)R>E07.B:;XJN[V?2
MM?LI?M,_F$6VV0J/L[0D'#<YSG\,>]4/$O@;PQH\OAU['1+2-GUJW1Y'3>64
MA^"6R<$XKIM0\`>%=2;?<:':)(.DMNGDN/HR8-0HX2]G*7K9?E?]0]TD\)^$
MK+PGIKP6GSSS-ON)@"!(V21A<D*!G``[`5O5QO\`PA6K:4,^%_%FH6ZCI;:B
M!=Q?3YL,/P:C^W?&>C\:SX;AU6%>MQHT_P`WU\J3!_(FJ^J1G_!J*7D_=?XV
M7W-AR]F=E17.:1X\T+6+]=/2>:SU!LXL[Z!H)3CK@,,'\":Z.N:K1J49<M2+
M3\Q--;A11160@HHHH`Y_Q]_R3OQ!_P!@^;_T`U:O],_MKP?/I?F^3]LLC!YF
MW.S<F,X[XS3?&"J_@?7%=0P.G7&0?^N;5/X=8MX7TMF)9C9PDDG))V"@#G[C
MX?6]_=*=1N%FM3-*\MNJ%?-62W2$J6#9'W-V?>NM@@CMK:."!=L42!$7.<`#
M`%244`%%%%`!1110`5#=_P#'E/\`]<V_E4U0W?\`QY3_`/7-OY4`1Z7_`,@B
MS_ZX)_Z"*M55TO\`Y!%G_P!<$_\`015J@#%\9?\`(BZ]_P!@VX_]%M6U6+XR
M_P"1%U[_`+!MQ_Z+:MJ@"&[_`./*?_KFW\JX[X,_\D;\-_\`7I_[,U=C=_\`
M'E/_`-<V_E7'?!G_`)(WX;_Z]/\`V9J`.WHHHH`****`"BBB@#$\+_\`'IJ'
M_83NO_1K5MUB>%_^/34/^PG=?^C6K;H`****`.9T3_DH7BC_`*YV7_H#UTU<
MSHG_`"4+Q1_USLO_`$!ZZ:@`HHHH`****`"BBD90RE6&01@B@#C?A]#)J:7_
M`(MOSF[U>5DC7M#;QLRQH/R+$]R:[.N0^%[$>`K>W)S]DN+BW'IA)G`Q[8Q7
M7UW9@W]:J+HG9>BT7X%2W9S-C_R5'5_^P7:?^C)JZ:N9L?\`DJ.K_P#8+M/_
M`$9-735PDF1XB\,Z;XGL%MM3B;=&V^&XB;9+`_9D<<@U%H/@[1/#@+:=9*;E
M^9+N<^9/*?5G/)_E2:]XNL/#M[!;:A%<EKF-GA:-`5<JR@J#D?,`V[']T$]J
M@TKQYH>JWL5I'.T$]P<6Z3@+]H^\?DP3NX4FMUB:RI^R4GR]KZ#N[6,J)7\$
M>.TMU8?V'XCG9D4\?9;PC)`_V9,'C^]7<UD>)]`B\2Z#-I\DK6\A998+A!EH
M95.Y''T(_+-<S;?$&[T,M9>.=*GMY;8A9]1LX_-MB#]USCYD!]QBNUTY8V"G
M3UFM&NK[-=^SMKHGU+47-770[VBH+*]M=1LX[JPN(KFWE&Y)8F#*P]B*DGGB
MMH'FN94AB0;GDD8*JCU)/2O-<6GRM:F9!/IEA=7D5W<V5O-<PC$4TD2L\?\`
MNL1D?A3?['TPHJ'3K38I)5?(7`SUQQWKEV\:7_B&9[;P%IZWL:G:^K79,=HA
M[[?XI2/]GCWJLVL>(/!%_"_BV\75]%O'"OJ,<`B-C*>,,H_Y9$]&ZCO7<LOJ
MOW6TI](W]Y_+H_)V;Z)E<K-_Q!I&FQ^%-76/3K10UE)D"!0#A#C/':H_"NE:
M<_A72KE["U:XN-,@2:4PJ7D7RUX8XR1[&K_B%@_A/5&0AE:RE((.01L-8NF^
M*=$\.>#_``TFN:C#9&ZL85B\TX!Q&N23V'(Y/'-<4*<ZDN2";?9$VN=%-I.G
M7&WS["UEV)Y:[X5.U?[HR.GM22Z/ID\,T,^G6DD4Y!F1X%(D(Z%ACG'O56Q\
M5>']2NUM=/UO3[F=ONQ17*,Q^@!YK6HG3G3=III^86L5AIMBHPME;@>5Y.!$
MO^K_`+G3[OMTJ:&&*WA6&WC2*)!A410JJ/0`4^BH`*^4/B)'>#Q_?Z=XCU*;
M4M*%X3'J+(6$$Q&1#P,<`@%1CC'<`U]$^-/$%SI=I;Z9HBB77-58PV49Z1\?
M-*W^R@Y^N!4)^'6BS>`7\+7R-<P2@O-._P#K))B<F7/][=S^E=T(>QH^VEO+
M1+NNK?ET7GKT-82<-?Z9@?"_Q_-J@_X1OQ*Q76+9?W,[X`O$`'(YY8#\QS_>
M`]+KY1U?1-3\)>(4T'5)FAU6T?S-&U4?\O"9RJ9Q]X=C_P#7%>[?#;X@)XPT
MYK344^S:W9KBXA8!?-'3S%&>A[CL?8@GEG%)<T=G_5@G!)<T=G_5G_6II>./
M^/31O^PU9_\`HT5TU<SXX_X]-&_[#5G_`.C1735F9!1110!D>)O#5EXITAK&
M^WQLK"2"XB.)()!]UU/8@UD>&/$=W!J/_"+^*V5-:@3=#<#A-0B'_+1/]K^\
MO8^U==6-XF\,VOB6P2*9WM[NW?S;.\BXDMI!T93_`#'0BNVA6BX>PK?#T?6+
M[KR[KKZE)]&;-%<MX9\3W$VHR>'?$RQVVO6J;ODXCO(^TT?]5Z@UU-85J,Z,
M^6?_``&NZ\A-6"BBBL1&5XJ1I?!VLQQJ6=K"=54=R8VXI?#+K)X2TAT.5:QA
M(/J-@J?6O^0!J'_7K)_Z":I^#O\`D1M"_P"P=;_^BUH`V:***`"BBOG'XT^/
M=<?74U3PM<^5I/A34(H9)03MNKU@2R>X500?]XT`?1U%8WA'Q-9>,?"EAKNF
MM^YNX@Q3.3&W1D/N#D5LT`%0W?\`QY3_`/7-OY5-4-W_`,>4_P#US;^5`$>E
M_P#((L_^N"?^@BK55=+_`.019_\`7!/_`$$5:H`Q?&7_`"(NO?\`8-N/_1;5
MM5B^,O\`D1=>_P"P;<?^BVK:H`AN_P#CRG_ZYM_*N.^#/_)&_#?_`%Z?^S-7
M8W?_`!Y3_P#7-OY5QWP9_P"2-^&_^O3_`-F:@#MZ***`"BBB@`HHHH`Q/"__
M`!Z:A_V$[K_T:U;=8GA?_CTU#_L)W7_HUJV97\J)Y""VU2<#J<4`.HKRV7QE
MXF/PV_X36"^TWRY[26X33S#GRL9V*&W9=AC#CCG.,8YFF\;^(%UHVX1;>$:E
MI]EY=U:[9-LZG>W#D=1Q^.:`.ET0@_$+Q3@YQ'9`^QV/73UX#HGQ!\2_:?$>
MJ010K<26D]Z^^U/ENUO$JHJ_/G!')_I7I>J>*KS2;>]N'FBN5BTJ">"*.(YD
MN)69%Z$G:6`X`Z$]<4`=G17F-I\1]4O;/PK/#;>9+?BZ@U*UAM]TD=Q`AW;0
MS#`W#.#_``D4WPYX[U[5=*N[F]FLXFC\-PZM&1`5`ED\S(Y;E1Y8'XGF@#U"
MBN#B\>SI\2+'0)XT:QFMQ!)=!"/]-V"39GIC9GC.<\4SQ;YFK>/-.\/ZU>W&
MGZ)<P%XA;N8_[0GSS$SCE<#!V_Q9KIPU#V\^6]DDV^NB[+J_Z=EJ-*YNZOX\
M\/:/<?99;[[5>G[MG9(9YB?3:N<?CBLPW_C?Q%\NFZ?!X:LV_P"7F_Q-<D>H
MB4[5/^\:Z31]`TG0+;R-%TZWLH^XAC`+?4]3^-:-;>WH4OX4+OO+7_R7;[^8
M=TMC)\->'H/#6D?8;>>:X9Y7GFGF.6ED<Y9CV&3V%:U%%<=2I*I-SF[MD[G,
MV/\`R5'5_P#L%VG_`*,FK=U*\_L[2KN]\F2?[-"\OE1#+OM4G:!ZG&*PK'_D
MJ.K_`/8+M/\`T9-735`'EVH?%3PVSJOB32GEFMG5H'MML\?[V,`E6.WD"1E;
M`^7!SU%9$?CKX:6.I6-W'X7NXI[;,MM/':JQC7D;E"N3WZ`9P>G6O9/(AV[?
M*3`SQM'?K4$NDZ?-?6UY)9PM<VF[R)=@S'N&&Q]1Q0!3L=:36_#D.IZ:DJ1S
M=F4;T`;:QQR#C!Z9S5273;O4;X7-I>"-+>,K$\D.XREOO(^<9CZ<8SGOQ70J
MJHH50%`Z`#I2U4)RA+FB;TJ[I+W5J>>V_A3;=SW/A"]?PSK$9W76G@>9:2G^
M\8_[I[,N/SJ]%X#N-9G2Z\>:J^L,I#)81*8K.,_[G5_JQ_"NFU+2X[_9*DC6
MUW#S#<Q@;D]O=3W!X-5K;69()DL]<A^RW#':DRC]Q,>VUNQ/]UN?3->H\;7G
M'FIO7T7,O26]OG=;;&CC[1<U+YKJO3NOQ77N:D,,=O"D4$:11H-JHB@!1Z`#
MI27%O#=VTEO=1)-#*I22-QE64]014E%>5=WOU.0\]U?X:Z;9^&-15-5UMK>"
MUF:VMO[0<1VXVDA5`QP/?/%6?`?@VUMM'L=6U*[GU>YN=+@A0WH5A!%L#&-0
M`!@D_7@5T_B/_D5M5_Z\IO\`T`U5\,W4-MX+T(3/M+:?!@`$DXC7/`KJGCL1
M._--Z_U_P_?J6G*6B#4O!GAW5;/[/=Z1:A0=RO#&(G1AT967!!^AKGI[C6_A
M[)Y]]=W&N>&<@2S3?-=:>.FXD#]XGJ>HKM4O[.1@([J%B>0!(,FII(TEB:.5
M%='!5E89!!Z@BKIXJ<%R5?>@^C_-/H_-?.ZT!\T=)(2&:.X@2:"19(I%#(ZG
M(8'H0:K:MJMGH>D7.I:E*(;6VC+R.?0=AZD]`/6N.LX=:^'L\UG::9=:WX<=
MC):K:D-/8Y.3'M8C<G4C'(Z5GG4SX[\06\^I6-Y;:#IC^;%9-"7DO)QT9U7(
M55ZA2>371#`)SY^:]-:W5KV[6W4NGEOMJ7"E*;]U7-WP7I5W>75QXN\00^7J
M6I*%MX&Y^Q6W58QZ,?O-[GVKL*RO[?B/$>GZD['H/L;C]3@4IU'4I"!;Z-(`
M<?-/.B`?@-QKFK^UK5'.2MV5TK);)7[%.A4OJK>K2_,S?'7@C3_'/AZ2POAY
M<Z`M:W*\-!)C@@_EFOGNW&LZ)XE^RRYT_P`7:0WRRK&"+Z,="N>#E>",\YQ[
MCZ6E76[DF-6M;&,]94)E<?0$``^YS]*XKXB_">W\5Z2EWI]Q.->L?WEK<SSE
MM^.=C>BGVQ645&"]YWOT7]6]/\BHJ-->^[WZ+7\=K]OQT&#QI:^-/#&BW4:?
M9KV'6K);NT8_-$WF#G_=/.#]0>017IE?(Z:O=6TXUJ"'['KVDWL!U"P8;/M>
MV0>W7.,C'/#=0<_4/ACQ+8^*]#BU+36(5OEDB<C?"XZHV._\P01P:RG'E9A.
M'(^ZZ&O10>0<''O7EFI7/Q%TB&5M"M;_`%F262>(I>F!!$@?"2*5Q\Q7D`Y'
MJ*@@]3HKRM_$OQ1BTZ"%?"R7$AA`FN`41P>FX+YF-W4XZ=*M>&M6^(8U"WBU
M71I'MY9$6>2Y9%\L`?,5VGC/7D'D8XSF@#K/%?A2V\3V4?[U[/4+5O-LKZ+B
M2WD]1Z@]QWJMX8\1WEQ>RZ!XEB2WUVTC#L8_]7=Q9P)H_;/4=C69X,U/QU=:
MY=0^*M)CMK!C))'*2N5Y`6-=K'('/)&3UR.E:?C;1+J^L8-6T-0-;TE_/M#T
M\T?QPGV=>/KBN_#U55BL/5>G1_RO_)]?OWWI.^C.GHK,\/:]9^)-$@U.P8^7
M*,.C<-$XX9&'8@\$5IUQSA*G)PFK-$E;4X3<:3=P@[3)`Z`GME2*RO`L_P!I
M^'V@R[=N=/@&,YZ(!_2MJY_X]9?]P_RKG_AW_P`DV\/_`/7A%_Z"*@#I****
M`.'^+'C=?!/@R26WGBBU2_;[+8F5]JK(W!D)[*@^8GV'K7C>J:#J_C3X51>&
M/AUH<EWH^FRB[FUF\;R7U2X`.\PJW+`ECRWH!7L6O_#'3/%/C9?$/BZX.H6=
ME$%LM-=-L,/=G?\`ODGG'`P!G.*Y_3OCYH!N5L)=`UBVS*8+-;>U\Q9U4XW(
M!C"XQCZT`>9_L\>-;GPIXMN/!NOB6VM[^7;'%.I4V]UC[I!Z;P,?4#UKZFKQ
MFU;P9\?X+N1=.N](UG32CP7VP+.JG.QPPX905(P>A';K7KNFQ7<&EVT.HW"W
M-W'$JS3HFP2.!@MM[9/.*`+-0W?_`!Y3_P#7-OY5-4-W_P`>4_\`US;^5`$>
ME_\`((L_^N"?^@BK55=+_P"019_]<$_]!%6J`,7QE_R(NO?]@VX_]%M6U6+X
MR_Y$77O^P;<?^BVK:H`AN_\`CRG_`.N;?RKCO@S_`,D;\-_]>G_LS5V-W_QY
M3_\`7-OY5QWP9_Y(WX;_`.O3_P!F:@#MZ***`"BBB@`HHHH`Q/"__'IJ'_83
MNO\`T:U;=8GA?_CTU#_L)W7_`*-:MN@#!E\#>&9ENUDT6T9;S=YZ[,!]QRW'
M09(YQC/>F2^`_#,UW]JETF)Y]T;^86;.Y!A#UZJ.A[5T-%`'GGA;P;X>MO'7
MB3R-)@46<L*0+@D(LENN]0"<8;)R.]=-:^"?#EDL"VND6\8@G2XBP#E7080Y
MS_".@Z#M53P[_P`CUXO_`.N]K_Z3I744`8*^!_#::H^I)I,*WCR22M,"VXO(
M-KMUZD<$TB^!?#"06<"Z+:^59*4MTV\(I;=M]UW#.T\9[5OT4`8LGA#0);=8
M)-,A:);W[>%.>+C.?-Z_>]ZJ^/\`2?[8\#ZE%&J_:8(C<VSD<QRQ_,I!['C&
M?>NDJOJ$T%MIEU/=N$@CA=Y&/90"2?RK;#U)4ZT9QW30UHR'0]276/#]AJ2?
M=N[>.;Z;E!_K5ZN7^&D4T/PUT1+A"C?9@55NH0DE,^^TBNHJL3"-.O.$=DVO
MN8/1A1117.(YFQ_Y*CJ__8+M/_1DU=-7,V/_`"5'5_\`L%VG_HR:NFH`****
M`"BH;F]M;,1F\N88/-<(GFR!=['HHSU/M4U`!45S;0WEM);W4:RQ2#:R,,@B
MI:S+^ZO?[5M[&R>&'S(7E,LJ%\[2HV@`C^]FKIQ<I:.QI2C*4O==K:_<4+/6
M(])EGTF_FDN9[8J+?:#)+-&PRN0.21R">G0U;2+5]1?S+B;^S+?^&"(*\I'^
MTQR!]`#]:KKI>KV-S/J-O<V]U<SX,\#1>6KA1@!&R2IP.^1GTK6T^_BU&T$\
M(9>2KQN,-&PX*L.Q!KKJN*]^FD^[\^NC6E_^&L=U:48_O*23O:[\[:Z-:7=^
MC\K;&'XAT2,>%]4:6]OYB+.4_-=,.0A[#`K,TC2-#M?!_A^[O!:0/+:6T0>[
M&\.[HNT#)ZD]/RKIO$?_`"*NJ_\`7E-_Z`:R]/T:V\0?"_3M+OBXAN=,@0O&
MVUT/EJ0RGLP."#V(KE=6H_M,Y5B:T7=28:;<>#[I(+*SGTNZ>4$QJ`A:3J21
M^1_*F&ZT6PU(Z?:>(Y+2=)!']C,P<*Q`.T*X)'#`XSW%8NM?![3-:>0/JNH6
MUNPPD,'E@1C:%X)7/;UJ]JGPWAU2ZEGDUN_B>7`9HA&&P$1.#MX/R`Y]2:%5
MFE:^GWB^L5=;RO?OK^9J+::?>&%;S6Y[])W=(XFF54D*9W+A`-V,'(/I6]%'
M'%$L<"JB(,!4``'MBO,)_@?9QV=VNF:]?PW%Q$L9,H1HQC/.Q0N."W0CK78^
M$/!]KX0LIX;6YFN&G96D:3&,@8X`_KDXP,\42J2GHV1.K.:M)Z?A]QT-%%%9
MF84444`>,?''P%&UM#XPT!!#J]K<0B2-,#[1F0!>WWLD8/\`]?/(>%O%C^'K
MH^*O#\+/8R$1ZSIB*JF,Y^9L'&-I)^A)'W6^7VWXA_\`(L0_]A.Q_P#2F.O.
M?B?X&N_#.N/XW\(6RO#)QJM@L>X.,<R!>A&,@COG\M(-?#+;\OZZ_P##&L)+
MX9;/\//_`#_SL>QZ5JMEKFDV^I:7.MQ:W";XY%Z$?T(/!'8BO/H/A[XLMIBU
MKXEALXY99)+E+02)YN]@1C).W:J[0![GDDUP?@CQS;^#+F+4K&1YO!FJ2`7$
M(^8Z3.?Q^X?7N/<?-]#Q2QSPI+`ZR1R*&1T.0P/((/<5,HN+LR)1<79GED?@
MKXD-=FWE\9,MM'`J)<!CND;))8KZC([\XYSGCIO!?AOQ+H-Y=MX@\1MJ]O+&
MHB20L3&P)R<D]\]/85U]9FOW)L].6;RGG42JI@0@&4L=JKD_[1'Y4DFW9;CI
MP=2:@NIIT5E>'[F6YLYS-`ULT<[1^0SA_+P!P&'4=_QQ5#QYJ]QI7A:5--&=
M2OY%LK(9_P"6LAV@_@,M^%:TJ,ZE54ENW;^O(<Z;A-P9F^!%2]\0^*-;LE$6
MGWEZ(8$3[LK1#;)-CU9B1GOMKMJS]`T>#P_X?LM*M?\`56D*Q@]V(ZL?<G)_
M&M"M,7556LY1VT2]$K+\$0W=B,H="K#(88(KFOAR3_PKK1ER2$@V+GL`Q`'Y
M`5TU<Q\."#\/-)P<XC8'ZAVS7*(Z>BBB@`IIC0XRB\=..E.HH`:D:1_<15XQ
MP,4ZBB@`J&[_`./*?_KFW\JFJ&[_`./*?_KFW\J`(]+_`.019_\`7!/_`$$5
M:JKI?_((L_\`K@G_`*"*M4`8OC+_`)$77O\`L&W'_HMJVJQ?&7_(BZ]_V#;C
M_P!%M6U0!#=_\>4__7-OY5QWP9_Y(WX;_P"O3_V9J[&[_P"/*?\`ZYM_*N.^
M#/\`R1OPW_UZ?^S-0!V]%%%`!1110`4444`8GA?_`(]-0_["=U_Z-:MNN$FU
MO4=#TJ272K07DDNMW,;0^3(Y=?,8G!4?*>.IXS@=ZU/!>K^(M;LY+W7["WL8
M74"&)`XD#`D/G=_#P,'C(YQ0!T]%%%`'+^'"&\<>+V7E?M-LN1TR+=,BNHKF
M?"F?[>\6?]A5?_2:&NFH`****`&R2)%&7E=41>2S'`'XUP_BN]3Q9K%IX.TJ
M=)H)2+C5Y8G!$=LIR(\C^)S@8],U;^*)+?#^[MQG_2IH+?/;#S(#GVQ70Z7H
MFEZ)`8='T^VLHVY98(@F[ZXZUZ-#DP]-8EZRNU%=$TEJ_2^B[HI:*Y<1%BC6
M.-0J*`JJ!@`#M3J*X[Q9XRU#P]JR6UKI+W<9BC==J.3.6D*LJD#"E5&XY]1Q
MWKSB3L:*\RC^,RR122+X5U;;&V#\G)'/*C'(S@?CFIX_BU)<*GV7PCK$DC*7
M\HQ[6"A=S=1R>N!W`R.N*`.@L?\`DJ.K_P#8+M/_`$9-7222)#&TDKJB*,LS
M'``]S7!>']<EN/%FO:KJ%HUH\.FQ;X#U4))/@9[G'>NEMM'_`+06*[UUOM4I
M`=;<_P"IA/H%_B(]3G\*UA!-<TG9&T*<7'GF[+\7Z%@>(=,9&>.X:5%X+Q1.
MZ_F`0:)/$&FIIUU>QW*SQVD;2RI%\SA5&3\O7M6D`%````'0"L[6-!T[7;26
MWU&W#B2-HS(A*2*",'#CD=:=Z3Z-?._Z(=Z+TLU\T_T7YG"^(M8\'^.]+TZ?
M_A++?2S!(\L98HLRD?*2`_(QZ\@^]5O"-MX<\`R7=_)X^_M:%[<GR[B=9&P`
M&&TAB2<=!WW5:E^'WAS0V634]&>YA0;4OK1Y/-.01^]13EFPQ^89^@JYI?PP
M\`W<#W6GZ:764%6874IYXY^]P>!SUJ)0<==UW%.A.$>?>/=;?UZZG8:3K6G:
MY9K=:5=Q7,9"D[&!*Y&0".QP>AJ+4$(UO2IACAY(SSS@H3_-16)?>&%\,>#-
M1M_`-K]AO71?*\H>8W!`"C>>@&0/3.0*\T?XC>,KC5@5LM-CN;:1K&%9YE;+
MC;YC9WJI?@CH!Z=ZJF^5MOL_Q5@I-1;D^S_%6/>:XX:M/:^/-6D@5/[+M(X8
M[]54EUE9=RS#MM"8!QSW[5AW&M?$S4=`L+[2M,M+:\FM;@7$`:.2-7W#RI$;
M<<G;SMS@YYZ5AZ;KGQ(EN->N;/0%:\AO\O:R%,RGR0(XR^[&T+L8XY);@XJ8
M2Y7KMU)ISY'KJGNCU7Q`ZR>$M4>-@R-8RE64Y!'EGD4SPE_R)6B?]@^#_P!%
MK7F/B/5/&^A-=Q0:+Y>@75AL*,Z%+621-TF#N!X.Y0.@Z\Y`K4M+CQS;V.E/
MX?M_.M%L[3R8YE0P-"8%#EN0_FB3!`!QMHE%)Z;"G%1?N[=#U&BL?PO>:U?:
M.9O$FGQV%WYK`11MG*#H>IQW[]@>,XK8J"`HHHH`****`"BBB@#E_B("/![2
MCD07MI,1ZA;B,XKIV570JZAE88((R"*YKXB?\B+>?]=;?_T?'734`?/7Q%\$
MR_#_`%:YUS2+/[=X8U$E=0T]@"D!;KQV0]2>QYX(S6A\-/&H\'7=GH.J7AN?
M"NJ/C1=2E8?Z+(>MK*1T(/0]/P/'N-Q;PW=M);W,:RPRJ4=&&0P/45\U>./!
MJ?#C5)+&[MWO/!&L28/&6LG/0*>Q'53[?45K%J2Y'\OZ[?E]YM%J:Y)?+_+T
M_+[SZ9K$LK5-3UBYU&\4R"VG,-HC'Y8]O#.!TW%L\^@KB_A1XFU!;V]\%Z_=
MK?W&F1)-I^I`_P#'_:,,HQS_`!`%0?K[$GMK&62.QU:,,1+;SS%<#D!AO7_T
M*KIW2E;?;_,TH\RC*VCT7R;U_P`B70RABO3'RIO9L'U.[G]<UA^*563X@^#$
MD&Y!/=/M/3<(>#]1DUT.AQ1P:#8I"/E\A&SC&21DD^Y))_&L#Q8PA\:^#9@N
MYS>SQ#G@!H&S_P"@BNK#N^*E;M/_`-)D35=ZTK>9UU%%%>:<X5RWPW_Y$2T_
MZ[W7_I1)74UR_P`.@8_!J0.,/;WEW$_IN%Q)G%`'44444`%%%%`!1110`5#=
M_P#'E/\`]<V_E7/>-?$M]X:M["73K1+R2>X\MK<I(SR+C)"E00IP#RW&<#O4
M?A?6->U[1+B^UK3X;&"6#,$:[A(&^8.&![<#![CG%`'0Z7_R"+/_`*X)_P"@
MBK55=+_Y!%G_`-<$_P#015J@#%\9?\B+KW_8-N/_`$6U;58OC+_D1=>_[!MQ
M_P"BVK:H`AN_^/*?_KFW\JX[X,_\D;\-_P#7I_[,U=C=_P#'E/\`]<V_E7'?
M!G_DC?AO_KT_]F:@#MZ***`"BBB@`HHHH`XC2?"6GZI)J=W<7.J1R2:E<AEM
M]2GB3B0CA58`=/2M`^`-))YO-:_\'%S_`/%U<\+_`/'IJ'_83NO_`$:U;=`'
M,?\`"`:3_P`_FM?^#BY_^+H_X0#2?^?S6O\`P<7/_P`773T4`>;^&_!.F3ZU
MXF1[K5@(=25%*ZK<*2/(B/)#\GD\GV':NA_X0#2?^?S6O_!Q<_\`Q='A([];
M\5R+RAU;:#ZD6\(/ZUT]`',?\(!I/_/YK7_@XN?_`(NC_A`-)_Y_-:_\'%S_
M`/%UT]%`'E_Q$\%Z99>%%EBN=69OMUJN)-4N'&#,H/!<C//7M74_\(!I/_/Y
MK7_@XN?_`(NJOQ0('@Z,$C+:C:`#U/GIP*[&NVHE]4IO^]+\HE/9',?\(!I/
M_/YK7_@XN?\`XN@>`=*'2]UH?]QBY_\`BZZ>BN(DYG_A`]+_`.?[6_\`P<W/
M_P`71_P@6E_\_P!K?_@YN?\`XNNFHH`\R_X0G3Y?'6L6JSZM(JZ;:M@ZI/N8
M&24,"=^2,#@'CKZU:MO`TX:6*&74)8$&(9)M8NX3C)PI0'L,#/3BMVQ_Y*CJ
M_P#V"[3_`-&35TU5&7+TN;PK<D'!I._<XW3/!VD:E8K<>?K<+;F1XVUFX)5E
M8J1D/SR*M'P!I6/EOM;4]F&L7.1[_?K2@7[!XEEA08AOXS.`.@E4@-^8*G\#
M6M5U8I2O'9ZK^O+85:*C*\=GJOZ\MCEI/`D$B@'7_$(8'*M_:;Y4^HJ"+X<6
M4#O+#KGB"*>0`22QZDZE_<@<9]\5V%%9IM;$*<DK)Z'"7W@?4+219K'Q5KLD
M1^_'<WLCA>#@C9@]<>M3Z9X"A&FI%-K6O%5)QF^=0W?=M[9)-=I535;M[#2+
MJZB56>&)G4-T)`[TY3;6ILJDJD5226_DCCS\*[2QTZX@\.:_KVD22;W7R+]C
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M#HUO>1B1&T^W/H5/EK@@]01ZBNJ#CM+;\CS:<HKW9[/\//\`K?\`$K_\(7-_
MT-OB/_P*C_\`C='_``A<W_0V^(__``*C_P#C=:>DW<RS2Z7J#EKNV&5D/'GQ
M'[K_`%['W'N*U*4X.$K,52FZ<N5G,?\`"%S?]#;XC_\``J/_`.-T?\(7-_T-
MOB/_`,"H_P#XW6]/J5C:OLN;R")NFUY0I_(FJO\`PD>D_P`%XLG!/[I6?I_N
M@TU2J2U47]PXT:LE>,6_D9?_``A<W_0V^(__``*C_P#C='_"%S?]#;XC_P#`
MJ/\`^-UI/K4D@(T_3+RX<CY6>/RD/U9L''T!ID>C7-SF75M0G:5_^65K*T44
M?L,8)^IZ^@JO965YNWY_=_F7['E5ZCM^+^[_`#L4/^$+F_Z&WQ'_`.!4?_QN
MC_A"YO\`H;?$?_@5'_\`&ZT5TO4L>5)K<Q@`P-D*"4CW?GGW`%./AZRQG?=>
M;_SV^U2;_P`\T<E-;R^Y?YV#V=);SOZ)_K;]3B_'7A*6V\&W<C>)M>G420`Q
MRW*;3F9!V0'OZU!>W_A;3M4N-/OO%7B2"XMIFBG5]0EQ$!&)/,)[)M(Y]>.M
M:WCZUU.S\&70CO%O+;S(,K<C$B_ODQAE&#^(_&G:UH>D2-<7>O>$HY?.?]Y<
M1R&7.>,N!AMO/8&DZ3^RT_Z[/4%0E.5H-/Y_H[,QCJO@Q9BG_"<ZT57AI!JL
MFU6R`%/?)YQQC@^E69_!.@^/O#5[;1Z[KMW:.YB#37SLI<`$,`W4<C]:--\,
M>&0&M;#0?[7GC8OYY8HJ!R2$9VP1MY`7!(!KI]-L+W1[3[-H^CV-G"Y+LANF
M.&/4_=YZ#O0J,NNGJTOP'+#5(NTK+U:7X;GS+I:77AR_9M1OM334O#=^+>\6
M.Z=&-JY."F.@Y8?\#6O?M)\(VM]?ZC<0:_KK0,T:*RZE)\_[L-N)[\,,?2O/
M/C%H']A>(;/Q/J+1F+50+&_>`-&D/(PY&3NQ[X^[FNX^#.M/<>'[W0+]8H]1
MT6Z>&0)_RTC).R3\0"/P%:2Y8Q;O=O3\BI<D(-\UV]-+]&G?5+^KES0O"=NU
ML]A+K^OQW5DQC>(:I(,+D[&`]"N.:S?%WA*&TU;PPXU?7)2^JK#NDU%SL#1N
M,@]C7:^(81%:#5(05NK(APZ]3'D;U/J",\>N#6/\2&\KP[8:BHREAJEI<L>P
M42!23[8:NK#1C4Q$)+[5U\VK?K^@JB4FJL?M7^_K\M=/N\RU_P`(1#_T'_$/
M_@TDH_X0B'_H/^(?_!I)7345YARG,_\`"$0_]!_Q#_X-)*Y[P7X1ANM%NG_M
MK78L:E>)B/4G4'$[C/'<XY/<UZ/7+^`2/[#OD_B35KU6'<'[0YQ^1%`#O^$(
MA_Z#_B'_`,&DE(?`MI)@3ZSK\R?W&U68`_D0:Z>B@#F/^$`TG_G\UK_P<7/_
M`,71_P`(!I/_`#^:U_X.+G_XNNGHH`YC_A`-)_Y_-:_\'%S_`/%T?\(!I/\`
MS^:U_P"#BY_^+KIZ*`.8'@'2ATO=:'_<8N?_`(NHKKP%I0M)F-YK1(C;KK%S
MZ?[]=94-W_QY3_\`7-OY4`0Z0@CT2Q1<D+;Q@;CD_='4GK5RJNE_\@BS_P"N
M"?\`H(JU0!B^,O\`D1=>_P"P;<?^BVK:K%\9?\B+KW_8-N/_`$6U;5`$-W_Q
MY3_]<V_E7'?!G_DC?AO_`*]/_9FKL;O_`(\I_P#KFW\JX[X,_P#)&_#?_7I_
M[,U`';T444`%%%%`!1110!B>%_\`CTU#_L)W7_HUJVZQ/"__`!Z:A_V$[K_T
M:U;=`!12,P52S$!0,DGM7$6?B[Q/XAM_MGAGPY:G3I&9;>[OK[9YH#$;PBJ3
MMXXYKHHX>=9.4;)+=MI+7U]!I-FEX-_X^?$O_8;F_P#1<5=-7F7A0^.I+C7C
M:IH%ONU>7SA*TTA5]D>=N,9&,=<=ZW=_Q$M`-T/A[4@.NQY;=C^88>U:+"77
MQQOZ_P!+\1\OF=A5#6=:T_P_I<NH:M<I;V\0Y+=6/95'4D]@*YYO$GC&!3]H
M\#F4@8!MM3B8$_\``@#BDT7PA=7NJ1^(/&TJ7NIJ=UM9J<V]@/1!_$_JY_"M
M(X6%/WZ\E;M%IM^2LW;U>WGL%K;E;1]%U/Q9KD'B3Q9"UK:VS;]*TAC_`*KT
MFE]9/0?P_6NZHHKGQ&(E7DKJR6B2V2_K=[MB;N%%%%<X@HHHH`YFQ_Y*CJ__
M`&"[3_T9-735S-C_`,E1U?\`[!=I_P"C)JZ:@#*U([=>T8@#+22IGV\LG^@K
M5K)UD;+W29U!+)>!,>S(P-:U;5/@AZ?JSHJ_PZ;\G^;"BL;Q;K4_A[PQ=ZI:
MP1W$EOM(BD<J&RP7J`<=?2L[QUXVB\#Z#;WUU$L\LLR(8E?;\@^:5QGKM0,<
M=^!WK$YSJJS?$1QX;OR/^>#?RK'\8^+9O#NG:?=V$=K<1WLA0-,[@?ZII%(V
M*Q.=N.G<5SNH_$#67\+ZKJ$_ARU2WLXX#<6EW<,L@$T:-L("GD&3!^GX4FKJ
MQI2DH5(R?1HU;WP>@OI8?#5LVF7$TC7D^J9.0S#'EISD@\Y'1<YZXJ*?1+*S
ML;;4H=*.F7CW5I:S0YRN$N!R#_%DG.X\D8S5#4]9TOP]K^@:-KNDVD=SJ<[1
MSM!=,R0*25A<9P3O;`QVYK-L_%MO+XNU/2HO#ME++I1NY"Z7$C&$VX4I(X*X
M`<G`P2016'LO+^ON/869:)2G)VMTU?DWS;?ETW=_2_$?_(JZK_UY3?\`H!J+
MPE_R)6B?]@^#_P!%K7G@^*%[XA^'NKW\>F6JQ*8+7SUN&,1\^,;QDJ#NC+@$
M=#V-:.B^,[_3_@;:^(386[26D,<*VYE8!E5Q%DG;P>^,>U=!X9WFIZ8NH1*4
MD:WNH26@N$'S1M_4'N#P:Q]*M9-5$T>NWEQ-=VY"36RMY4:^C`+C<K=02?;L
M:A\=>.(/`VB6U[=Q)/)+.B-$'VXC',KC/7:H)QWXK6U"U>X$.K:0RM=QIE,'
MY;B,\E"?0]0>Q_&NJE5=N2]NS[?/L_\`@]SLH5GR^S;MV?;Y]$^OW][VK?2K
M"T7%M901]\K&,G\:M@`#`&*KV%]#J-E'=6Y.QQT88*D<%2.Q!R#5BL)N7,U/
M<YZCGS-3W\PHHHJ#,****`.9^(G_`"(MY_UUM_\`T?'72LJNI5P&4\$'O7+_
M`!+'_%M]9/<0@CV(=2#5?5/B1IFCZY<6-]"\<-O*+=I@P+M*8Q(%6,<D;6'S
M<#.?2@#KHHHX4VQ(J+UP!3ZX>#XO^$;F58X[R?<[!8PULX\S/ID=,<_2F7WQ
M8T>QCL[U[6Z?2KJS:\-XB$F%`Q7+QXR!G'/?<,9H&W?<VO'?AB+QAX)U+1I5
M4M/$?*)'W9!RI_.OGOX;>*KCP]XVMKK5&:%X!_9FJH^,C;A0Q/?;A3]%:O9O
M^%R>&4>YMII774+=79K9`7!4;L,'`Q@A03Z9%>._$HZ3<>(XO&6B;FTJ]<17
M[>6=JS;<@\]5921D=>:N&ON]RX:^[W/IF^DMX]/GDO&46PC;S">FW'-<)XNN
MY)/A]9^&3&9-9UB-+:WMOXE`(S*WH%49)]:PO#?Q%CO?",&FZQ8:A#<6$4=P
M9I8@4N+:-D97R">L;(QSQG/-==X&TR>]EN?&&LQ;=1U<`P1MR;6UZQQCW(^8
M^Y]J]+")4:7UF?V7IYR6R].K]$NILO=HKS?Y?\/^!U\*&.%$9MQ50"?7BGT4
M5Y6YRA7+^!O^/;6_^PY>?^C*ZBN7\#?\>NM_]AR\_P#1E`$[>._#T<\B27Q2
M*.62%KIHG%N)(U+.OFXVY`!SSU!'6I].\7:/J9G6"X>-K>W%TZW$+Q$PG.)`
M&`RO!Y%<R/A]J3^$[[PA+J-M_8<[3F*81$W*+(Q<*1]T[78G=W``P.M1:AX#
M\0:S>?;=2U&QCN&LH],D%J'4&V\P/,P)Z.VT`#&`,]:`.H7QGHLB:0]O<27"
MZU&TEB8('<3*J[CT'&!SSBJEC\1/#VI13RV<MTZ06C7CDV4H_<ABI897GE6&
M!S\I]*YFT^&>KVNH:?$]Y:7&DZ9?75Q:1-+*DJQS*0(RR8QAB3QQSC'%/TCX
M=Z_H^E0VEMJ&G,7TN33+G>DA"J97=9$.<D@2,"#U(!S0!T</Q#T&>^BLT:]$
M\UPMLBO8RK^]9/,"Y*X!V?-]*VKK6=.LM6L=,NKN.*]U`2&UA8_-+L`+8^@(
MKBI_!/B$>($O;:XTPP0:JFH1)(9`S!;;[.%8@8Y'S9'?BHM5\`^)-:OTUJ^U
M6R76[*6![!H5=8(U1BSAE.6.[<PX(R,9Z4`>D5#=_P#'E/\`]<V_E4JYVC=C
M=CG'3-17?_'E/_US;^5`$>E_\@BS_P"N"?\`H(JU572_^019_P#7!/\`T$5:
MH`Q?&7_(BZ]_V#;C_P!%M6U6+XR_Y$77O^P;<?\`HMJVJ`(;O_CRG_ZYM_*N
M.^#/_)&_#?\`UZ?^S-78W?\`QY3_`/7-OY5QWP9_Y(WX;_Z]/_9FH`[>BBB@
M`HHHH`****`,3PO_`,>FH?\`83NO_1K5MUB>%_\`CTU#_L)W7_HUJVZ`.=^(
M-Q+:_#O79K>0QR+92;6'4?+BM/0;6&R\.Z=;6J".&*VC1%'8!16-\2IU@^&N
MN,RAM]JT2J1G+-A1^I%;^G0M;:7:02,6>*%$9B<DD*!FNZ6F"CYR?X*/Y7_$
MK[)@>!_FBUZ0G+/KEWN)[X<*/T4#\*ZBN7\"_P#'KKG_`&'+W_T8:ZBN$D**
M**`"BBB@`HHHH`****`.9L?^2HZO_P!@NT_]&35TU<QIS>;\3]<*9Q%I]G&Y
M]&+3,!^5=/0!F:JRK?Z4T@^7[40#Z$QOBM.LK62$NM*F?_5I>`$^A9&4?J0/
MQK5K:?P1_KJS>I_#@_)_FS-U_0K3Q)HTVEZBTZVTV-_D2F-C@YQN'/4"LJ#P
M!I$=U+<3S7]Y+-!)`[7ETTWRN`&(W=#A0,CTKIZ*Q,#D-2T;P[X;T;0?[2O[
MVUM-%G1+%C<2,2Y!5%;&2_!*@'L<5D7)\`:U)J5G+KTLQ\2-;R3!;EPK<[8@
MK8PF2FW&1DKCJ*Z#QYH-_P"(M#M;32RBRQ7]O<N7G:([(Y`YVLH)#'&`:Y+4
M/ACJ$'B:.]\.K:PV%E':M;64]S(8[AXI7D83#:<DF4LKY)#+G!S0!JWEAX+U
MJ_U/2+S4;BYNM1:.&4M*^2\`SLBDQ@.N,E5.<Y]ZRHK+X<W('DZQ>R7$[S77
MVE)9C(RR_NI26"_<8J`0>,CL14\7@/Q!!I6F:3&]@]KHNIOJEK,TKK).VYWC
MB<!?E^:0AG!.0.G)JIIWP[\0Z9>:?.HL[A[2P,"LM]+"HF:Y,Y)"K\Z#=C:?
MO8[4`4O%VF?#ZT\+ZK;1:I=0/'9_9\1W$HBN)K9#Y:LP&UY%P`><X`!Z5I>&
M/"?@WQ7X;2UL=7U.^@\A9)8OMTNQ3(=Q90<#EE/(]#5C_A'=:\.?#G4=$O%T
MZYTZPM;R2*\^8S2*RR,OR$85P7.6R<^G-;WPPT>\T#X;:+IFI"`SVUL%WPN6
M5E/S`Y(!Z'I0!)!\/]'BN)YYY;^\EN+>2WD:[NFFRK@!C\W0X4`'L!6UHND6
M^@Z+:Z79/,]O:QB.+SY#(P4=!N/)P.*O44`9-I']A\1W4"`"&\C%RH':0$*_
MY_*?SK6K*A'VGQ3<R,1BR@6%1WR_S,?R"_K6K6U;=7WLOZ^ZQT5]U?>RO]VG
MX6"BBBL3G"BBB@#E_B5_R3;6O^N'_LPJQXL.F:5H6H:Y=Z-;ZA+#;X<-"I:1
M<CAF(/RCJ>N`":K_`!*_Y)MK7_7#_P!F%=00""",@]0:`/-]*UKPW?Z]/H]U
MHOA\7HM6GDFA\MX9GW94*2H+`K\Q...1S@U5'Q%\&6FGZ?#>Z1;37%U8Q^;!
MIUO'-%&CDMY63C<`025`X/;)%>FBUMUQM@B&T;1A!P/3]:I:H8=-TF6Y@M8"
MT(S&I0`!B0,_G51BY245U*A%SDHK=G`>%_%W@WQ#IMZ\/AJQMIK*WEN'1K:+
MR]B,5'S@<$@KVQR<$X->._$/XAZOJWANZL;"PTQ/#>HW#PV["U6/[1)'L+.G
M(/!(PQ]/7BNY^)WC)9]5N?#3:K;Z=IVGA)=3N+2(`SL#Q;8)R>O;N3G[II?!
M?@&?XA>3J/BS2X['PU:0&VTO3!&8V*=G/7&>I(Y)YSQ6Z4(QLVOS=O+MU['1
M:$*=N97]+]K6TTZ]OF0?"_PSJWCG0=#GUA]0M]%LK(6TT=P4"WBAP1'&%4'R
M_D7)8DG&*]_551`J*%51@`#``KSQ_#6K_#U3=>!XWU+2X[;;-I-W=.Q39R&A
M.#@XR-O0\5V.@^(-.\2Z8M]I-P)8\[74C#Q..J,IY4CT-=6*@W2C*EK37;H^
MO-YOOU2TT5EA+;38TZ***\P@*Y;P1\LOB6,$[4UVXVCTRL;']6)_&NIKEO!7
M_'SXG_[#LW_HN*@#J:***`"BBB@`HHHH`*AN_P#CRG_ZYM_*IJAN_P#CRG_Z
MYM_*@"/2_P#D$6?_`%P3_P!!%6JJZ7_R"+/_`*X)_P"@BK5`&+XR_P"1%U[_
M`+!MQ_Z+:MJL7QE_R(NO?]@VX_\`1;5M4`0W?_'E/_US;^5<=\&?^2-^&_\`
MKT_]F:NQN_\`CRG_`.N;?RKCO@S_`,D;\-_]>G_LS4`=O1110`4444`%%%%`
M&)X7_P"/34/^PG=?^C6K;K$\+_\`'IJ'_83NO_1K5MT`<A\2OWWAZQL>U]JM
MI`P]1YH8\=^%KKZY#QQ^\UCPC;D'Y]:23<.HV12-77UVUM,-2C_B?XV_0I[(
MYCP("VFZK-C"S:S>NOKCSF'/Y&NGKF?`7_(`NO\`L)WO_I0]=-7$2%%>9ZWX
M*\66EEJ$OA75_(EEN)I4@AD*LZLRE5W-D#`W#T&<CFM/P?X4\5:!K\UQK'B*
M/4K":-MT.PJQD)!WGMGC%`'<T5BZKXC32E,KV%Y=0K+Y3&TA:5@<<DJ!P.V:
M=9>*--O=2;3R9[2\!PL-Y`T)EXS\FX`/QG[N<8I7*E%QW-BBBBF29OB*XO[/
MPY?7.CA&O8(6DB22)I`Y49V[5())Q@?6N#;XHZUIDXT_4?"=W>7J1[BUMF,7
M&$5V,:,"?E#C//8_2O3J:8T,BN44NH(#$<C/6@#QS2?B)J%AXGU[4M1\,WS/
M=);A+>WC=I$55D*;@%.,@]>G&?:M>;XNZC!'&[^`M;82+O!C4D!<>NWK[>G?
MM73:+_R4CQ1_U[V/_H,M=10!0OX_[1T"56A?,T.?+Z,IQD?B#^HKA?#GQ(G3
MX@7'A#Q3&EI/L'V"Y9N+WG&X<`#<,?+V((SVKTFN&^*7P^B\<^'E:T/D:UIY
M,VGW*G!5QSM)]#C\ZI7?NWT-X3O#V;_K^O\`ASN:*\T^%'Q*?Q+:G0O$V+7Q
M'9#:Z.<?:E`/SIZ]#GZ9KTNDTT[,Q::=F%%%%(04444`8WC'_D1M=_[!UQ_Z
M+:KFB_\`(!T__KVC_P#015/QC_R(VN_]@ZX_]%M4%SK4?ASX?)J\\+S1V=C'
M(T:$`D;1W/%`'04V1_+B9R"=H)P.]<-<?%_PS:Z1#>3RS+/-&LBVFSYRI(W$
M'[I"JP8\\*1ZXK<T3QKH/B2::#1;PW4D*%W7RG7H0"/F`YY7C_:'K30UN6O#
ML1_LA+R5M\]]_I$K9SRPX'T`P/PK5KGO#5PSZ9IP@E9E:(&2(KQ$,$^G&#@>
M]=#5U9<U23\SIQ<7&M*_=A11169RA1102%!+$`#DDT`<O\2O^2;:U_UP_P#9
MA745Q_Q"O[.[^'6MI:W4$[+;@E8Y`Q`W#GBNPIM-.S&XN+LT%9OB*]M=-\,:
ME>ZB%-K;VLDDH;H5"DD5I5Y1\<-?,VG67@G369]0UJ5?/6/DQ6ZG+,?J1@>N
M#1&]UR[CCS<RY=S@_@=X#MO$_B+5?$/B`&]MK*Y9;:"8;E:1N=Y/4D#CZ\U]
M)(BQHJ(H55&`H&`!Z5Y-\%'ETK4_%/A:ZB*2:?>B1&9<,RLH'/'/3KW[<5ZR
MS;4+=<#-74LZDN7:[+K6=67+M=_F<OKGBN]BUW_A'_"^FC4=5$8EG>9_+M[1
M#T,C=23CA1R:S=`\.>*;#QY-K-^^DQ6M[!LOH[$R`3.OW'VL.&'0G/(JS\,X
M//\`#DVOW#;[[7+A[J=C_"`Q5$'LJ@`?C795Z-:LL*YX:E%;<LF]6WU^2>WH
MGN2W;1!1117E$!7+^#08]1\4PL/F76G?CIAH8B*ZBN8\*?\`(?\`%?\`V%%_
M])XJ`.GHHHH`****`"BBB@`J&[_X\I_^N;?RJ:H;O_CRG_ZYM_*@"/2_^019
M_P#7!/\`T$5:JKI?_((L_P#K@G_H(JU0!B^,O^1%U[_L&W'_`*+:MJL7QE_R
M(NO?]@VX_P#1;5M4`0W?_'E/_P!<V_E7'?!G_DC?AO\`Z]/_`&9J[&[_`./*
M?_KFW\JX[X,_\D;\-_\`7I_[,U`';T444`%%%%`!1110!B>%_P#CTU#_`+"=
MU_Z-:MNL3PO_`,>FH?\`83NO_1K5MT`<=XP=(/&G@R>=ML7VZ:+=_MO"P4?C
MS78UY[\7K:>;1],N;3(GL;IKN+;W>.-G`^A"FNZT^]BU+3+6^MSF*YA65#[,
M`1_.O1Q$+X2C47FO_)F_QO\`@6_A3,'P'_R`+K_L)WO_`*4/72LRHI9R%`ZD
MG%<Q\.0/^$(MSW:YNB3ZG[3)S5WQ5H,GB#3K>"&6)3!<I.8KA"\4X`(,<B@C
M*G.?J!7G$&W0"",@Y%>6?\*Z\=Q3SK:^/&AM7^6&&.-U%O'_`'$&X]L`$Y(K
M0T7P+XJTK7;.=_%Q?3()-\EBD3`./FR/O8Y+9/N*`.FUG6M%T65;G5IA;Q^8
M(S*[83?C(!&>3CG.*R/$6O\`AS7M.ELH/.U.[@F7R/L5F\[VT_5)`<8&T\Y)
MQV/7%=5+81RR,Q9PCG+Q@_*Y]_R%6J2-)M-*QSOA?Q'+J$":;KT7V'7[>,"Y
MM9&4>;@8,L6#\T9(.".G0X(KHJS]5T'2M;C*:K8077R-&'=/G53U"MU7/L16
M+##K_A8&&VBDU_2EV);Q!PMW;KT(9W8"51Q@DAOK3,SJJ*Y:?Q'JFJ,+'0]$
MU*TFED,<E[?6XCCM5P?WH!/[PYZ*.IZX%7K/0;VTM%1O$6HW$XY::81'<?\`
M="``>PJHI-ZNQ<(J3LW8I:+_`,E(\4?]>]C_`.@RUU%<9X7FN/\`A8WBBWU$
MQ"Z6"RQL.!*@$F'`[=<$=C77W%S!:Q>;<S)#'G&Z1@HS^-#BT[`X-2Y5J245
M6BU*QGXAO+>0],+*#4&K:BUG#%':A'N[J010(QXR>K$#G``)/TJE3DY<MM2H
MTIRDH6U/,O'O@*34KN:\T!S8^)M-8WFFW"DC[1"3N:+CJ0Q(_$?4=1\,_B!#
MXZ\/EIT^S:M9GRKZU;@JXX+`>A_3\JVI_#LET8YKK5;M[N$EH95VHL;D=0H'
M([8).17DOB*\D\`?&/3_`!),OV6+5-MIJT:']VQZ+,H_NG\PV?QUJQ4_?B[O
MK_G_`%U-ZT8S_>0=WU_S]'U\_D>ZT5!)?6D,`GFN88XB,AV<`$?6HK35]/OY
M3%9WD,T@&2B."<>N*Q4)-<R6AS*G-QYDG8N4445!!C>,?^1&UW_L'7'_`*+:
MI;&SMM0\*V=K?01W%O+:QAXI5#*PVCJ#47C'_D1M=_[!UQ_Z+:KFB_\`(!T_
M_KVC_P#010!2;P=X:??OT#36WL&;-JAR0<@]*N6&B:7I3L^F:=:VC,@1C!"J
M$J.@X%7J*`,C21]CU*_TT']TA6X@4_PJ^<J/8,&_.M>L?Q!;&.T?5;63R;VR
MC9T?.`ZCDQL.ZG'X'D4*^OW<2X2QL@Z@^9N:5ESZ+A1GZFNJ4/:)5+I=[]_U
MON=LZ?MDJMTKZ._==?.^^AL$@$9(&>E4+_5[>R985S<7<G$=M$07<_T'J3P*
MAA\.:>OSWB-?7!Y:>Y;>Q/MV4>PP*NVFGVEB&%G;10;SEBB`%OJ>]9_NHO=O
M\/Z_K8RM0B]W+Y6_6]OE]QDWK:^Z(QBM$C)YC1Y&(XXRR@'\A2)I^JZI:"WU
M6:*&S)^>*($R3+GA68]`>X`R1WJGXQTKQ'J%S:2^&;]K0QJ5G5IBJ2J77(P.
M0P`8AA]#P:YTS_%Y(XY?LFDR-DAX1(H/?#9_[YX]CZTE4<9<T4DRUBFDE&*3
M77^OS-OXF:1:S_#O5Y(K6-9H+<R1R(H#)MP3TZC`Z=QQ6_I6IR7,CVE\B17<
M:"0;#E)HST=<\XSP1V/X5B^)CJ#?"'4SK2Q+J!TE_M(A.4$GE_-CVSFMPZ9;
M:A86C7"L)(HU,<L;E'3(&<,.:<9IKEG_`,,9QJ*2Y:FW1]B[/,MO;R3."5C0
MN0.N`,U\P:)XJN;_`%&\US2=.DU?Q?K6I-Y2>666UMT_U:9/8$@GM\HSWKM_
M&6H>(O%GC&;X=^#]5N8H(X]VIW\ZAO)']P.H[C'4Y^F.>@^!FF6.G^"94MK:
M,3PW4D$ESU>8KC))/(Y)XIQ2A>:=[?K_`)?G8J"4.::=[;>K_P`OSL7_`(7^
M`+CP=9WU]K5U]LUO593/=S?>"DG.T,><<^N.E=X0&4JPR",$4M%8',<&;75_
MAY+(VCVDFK>&&8R-91'-Q89.6\L'[\??;U':NPTG5K+7-*@U'2YQ/:SKN1P"
M.^""#R""",5<KSY;N7X:ZM=QWL%Q-X6O)&N8;F*,R?V?(S9='`Y$9)W`]LD5
MZ:_VZ+5OWJ_\F[_]O?GKNR_B]3T&BH[:Y@O+:.XM94FAE4,DD;;E8'N"*DKS
M6FG9D!7,>%/^0]XK_P"PHO\`Z3Q5T]<MX<`'CGQ>!P/M%J<#U-NG-(#J:***
M`"BBB@`HHHH`*AN_^/*?_KFW\JFJ&[_X\I_^N;?RH`CTO_D$6?\`UP3_`-!%
M6JJZ7_R"+/\`ZX)_Z"*M4`8OC+_D1=>_[!MQ_P"BVK:K%\9?\B+KW_8-N/\`
MT6U;5`$-W_QY3_\`7-OY5QWP9_Y(WX;_`.O3_P!F:NQN_P#CRG_ZYM_*N.^#
M/_)&_#?_`%Z?^S-0!V]%%%`!1110`4444`<E8:[:Z%I]S+>QW+1S:Q<Q;H(&
MD"$RD`MCH,UI>'?%FF^)Q(=+6YVQHCEIH&C!#9Q@GJ>#D=N]<H-#UO6VNQ%!
MHLUI;:O<S6WVHSK(C^8PW90@9Y.*U[&P\9:;91VEBGAR&"/.U`+@]223DG))
M)))]30!?\3HCWV@K,H:)M0\MP1P=T,@P?KG%9GP]E?38]2\)W3DS:)/M@+=7
MM7^:)OP&5_X#5/Q#_P`)D'TDW;:#QJ,7EE%FP'(8#=D].?SQ6;XKM?&FC7T/
MC*-=%:73XS%=QVR39GMV(SN!/.P_,,<]:]:DU.BJ#^TM/\2;M]]VOFF6M58Z
MKX=?\B/:_P#7Q=?^E,E=/7FW@%O&$O@;3I]-DT%K6X$EQ&95FW8DD9^Q_P!J
MNBQX[_O>'?\`OF?_`!KR2#IZ*YC'CO\`O>'?^^9_\:,>._[WAW_OF?\`QH`Z
M>BN8QX[_`+WAW_OF?_&C'CO^]X=_[YG_`,:`.GHKF,>._P"]X=_[YG_QHQX[
M_O>'?^^9_P#&@#IZ*YC'CO\`O>'?^^9_\:,>._[WAW_OF?\`QH`IV>FVVH_$
MCQ(;@.'BALC')&Y1URLN0&'.#Z5TD6BV$5RMQY)EE7[KS2-(5^FXG'X5PNDO
MXS3Q]XC$5OH4L_DV?FEIID7&V3;@;6/KG\*Z+SO'G_/CX=_\"Y__`(W6BJ32
MY4W8U5:HH\JD[&AKEQH.FPQ7&NI;(LLJQ1M)#O+.<D```G/!/X5`ESX6T9I+
MB*?3;=U!#%'3?WR`!SG@\#TKSWQ!XCE\3/=:'KLN@VQT^X_>J]]<6X9U!X#>
M7\V!D\<C`(KFH_!^@*`8;OP]C$FW;KLY/S+N?GRLDX)//KZTO:3MRW=A>UJ<
MO+S.WJ>\_P!L:;A2=0M1O^[F91GG'KZ\5C>/O"<7C+PC=:4X42N`T4A`RC#D
M$$]*\83P;I5OJ4#?VCX?>QN+8^3`VK2L@W,,LLGE[ANW=._/->I:-XA\1ZM#
MLT1O"MVD*KD0W\S;5[?\L_8_E4$1?*[H\\\,?$'_`(0JR.@^,?"UY<ZW8R+!
M%/;V>Y)QR%8-ZG:>1Q\O&>:U[[XJ:IJD"30_#[7H'@/FPW:J`T1!P>".0><C
MN/SKO2WC@N'.G^'"P_B-U-G_`-%^YIWG>//^?'P[_P"!<_\`\;JU.46FGL:N
MM4YE.^J.?\&?%RR\5P^7#%&]Z@_>6JR"*8\=5C?&?P)KOK'4+;48/-M9-P!V
MNI&&1O[K`\@^QKRKQ=\+-7\62M>'3-`TS5L[EU&RO)TD!SU(\O#5RK>,O&_@
MC4H+'Q=#9+,KF&'Q$6D\F5%R-LP53OZ'D@$8J^:G+22L^Z_5?Y?<:1Y*NC5G
MW7ZK_+[F>T>.;VUM/!6JQW5Q'"US93Q0B1@OF/Y3':,]3@'BM#0Y8Y/#VFLC
MJRO:Q%2#]X;!R*\M\47>L>.O!6HQ7UKX>GM[.WDNS''>RL)%$;!9%/EX8<Y&
M",$`'%4[7X2ZK?16U]+%8R![91&AU2=5C!0#*@1<$=<YK.47%V9SRC*#M(]F
MN-0M+1HEN;F.(S2B&,,V-SD9VCWP"<5777M*?2%U1+^!K%@&6X#Y4@G&<_6O
M.6^'?B+^SKNRBBTR&*ZG$S>7J,P*$*R@*?*X&&//4\<\5CVWP5U6TOHKN$68
MEB.1G4Y=IXQ@KY.,8X^E22>M:^GG6MK`4+K+>0JP]@P8Y]1Q6I7#:Y/XYCL8
M[F6ST():SQS.8[J<G:#S_P`L^F#S[9K02Y\<RQJ\5IX<=&&59;R8@CU!\NMI
M?PX_/]#>5_8Q[7?WZ'4T5S'G>//^?'P[_P"!<_\`\;H\[QY_SX^'?_`N?_XW
M6)@=/17,>=X\_P"?'P[_`.!<_P#\;H\[QY_SX^'?_`N?_P"-T`3^/O\`DGFO
M_P#8/F_]`-;5E_QX6_\`UR7^5<'XTE\:'P-K8O+/01!]AE\PQW4Q8+M.<`Q@
M9K6M9O'7V.'99>'MOEKC-W/Z?]<Z`.-^$$2K\0/'\LP'G_VB`#D<)ST`Z9K5
M^"R[]#UV\08ANM9GDC]2#C)_,FO/?$FL>(/AM\2-=U74X=,@77M-)3%Q(4:1
M`!A,+NW9(^\`.O-=G\,/^$PLO!%G8V>FZ+$8HUD9;BYE61A(`RL<(1R#Z]0:
MTC\$OE]W]6-H_P`.5O+[O^'L>L45R_G^.QULO#O_`(&3_P#QNE\[QY_SX^'?
M_`N?_P"-UF8G3TC*KH4=0RL,%2,@BN9\[QY_SX^'?_`N?_XW1N\>.?\`5>'8
M0/\`II/)G_QU<?K0!G^$88O#GC37?#%N&BLF6/4;"$C"HKY$BI_LAP..V:[>
MO*]6E\6V/Q/T:YU'^PXGN+.6UM)]LWE-(6#%&.<AB%X['GO76X\=_P![P[_W
MS/\`XUW8UN<H57O**OYM:-_.UWYW*EW.GKE_#O\`R/7B_P#Z[VO_`*3K2X\=
M_P![P[_WS/\`XUSVC+XR3QKXE6%M",[FUEF++-MYBV@+SZ)^M<))Z117,8\=
M_P![P[_WS/\`XUR/C?Q?XST2U?3H)-&?4+A`B_9$F+Q%SM3&3C<QX`]B>@K?
M#X>>(J*G3W8TKNQH^*-7UKQ-K5UHW@F[\C^Q4%S=W*Y(EG',=L#[X^;\J[#P
MUKUOXE\.VFJVH*K.GSQMUC<<,A]P017&^#/"GC'PAX>2QM7T%Y9&,UQ+*)F>
M21NI)!YQT_"J$(\7>#_&9MP=#CM/$DQDC)$WE1707YE'.07`SZ9!KT:KH5HN
MA07P:Q=M9?S7]=UV2L4[/1'JM%<QCQW_`'O#O_?,_P#C05\>$8$GAU2>^R<X
M_#->.0:NLZ[9Z#%;RZ@)A%/,L(DCA9U0MP"V!P,X&?4UGZ/XOTOQ387;:5]H
M(C@$A,T#("K`X()Z].G:LC5_"OBC7?LW]J:CHLOV27SH=EI<1[7QC=\LXSP3
MUJ6'1?%VEZ*;.RU+08K:*-@J#3YCUR223,222223ZT`=5I?_`""+/_K@G_H(
MJU532=W]BV7F$%OL\>XJ,#.T=*MT`8OC+_D1=>_[!MQ_Z+:MJL7QE_R(NO?]
M@VX_]%M6U0!#=_\`'E/_`-<V_E7'?!G_`)(WX;_Z]/\`V9J[&[_X\I_^N;?R
MKCO@S_R1OPW_`->G_LS4`=O1110`4444`%%%%`&)X7_X]-0_["=U_P"C6K;K
M$\+_`/'IJ'_83NO_`$:U;=`&#XL_X]M+_P"PK:_^C!6ZZ+)&R2*&1@0RL,@@
M]JPO&(_XDD/M?VF/^_Z5O5TS_@P?F_T'T/)OA=XCB\,Z/:Z!XBN8[6VG4SZ3
M<2?+&\;.V8=QX#*W0'L17K((8`J00>017'^"M-LM6^%^F6FIVD-W;R0L&BF0
M,I^9NQJ23X8^%)$5%TZ6)4&`(KN9!C\'K:4\-6M*=XRZV2:?GNK7Z[Z_</1G
M645PGA'53H?BS4/!&H7DEQY/^D:9-.Y9FA89,18]63^1]J[NL,10="?*]4TF
MGW3V?]==!-6"BBBN<04444`%%%%`'+Z+_P`E(\4?]>]C_P"@RUU%<OHO_)2/
M%'_7O8_^@RUU%`'-ZQX!\/ZU:30W%EY<DL[W(GB<ATF<`-(#ZX`]O:JLOPM\
M'31.IT:)9'._S4=@ROC'F#GAN<Y]:ZZB@#CH/A3X.BLH+>32%G\E%4222ON.
M`!G@@`G&>`.:W=)\-Z1H<\TVE6*6TDZJLC*22P7.!R3ZG\S6I10`4444`%9V
MH:#INJPRP:C:K<P2\O#)RC'UQZ^]:-%`U)K8\)\9_#.]\"V&H:IX"OC%:743
M0RZ=<,-B(RG>%8]`0",?3VKK?AK\5=-\1P6VA:I`^CZ[#$J_8IP0)0%&&0GK
MQVZUUOC:&.?P%KL<\:R(=/G.UAD9$9(KA_%?PP@\4>%+"]6[G^VVEK&\,QYF
MC&T$A'&#]`<^G`)K9)5$HWLT;Q2JJ,;V:T]=;_KZ>9ZI17EGPG\6ZW-JVH^#
MO%LAN=0TQ%E@N\<SP'[K$^N".N/QKU.L3GM;0#C'/2LCPTJC2Y&@XM9+B5[=
M0,`1ECC'L>2/8U"J7'B6)GED:VTIR0L2<27*^K-_"I]!R1U/.*VXXTBC6.)0
MB(`JJHP`!T%=$E[.#@WJ]_*WZ_D=4U[*#IMZMZ^5OU_+\G4445SG*%%%%`'/
M^/O^2>:__P!@^;_T`UM67_'A;_\`7)?Y5E^,U5_`FO!@"#IUQP?^N;5YM\1_
MBW:^$O!,.CZ4\EUXAGL8EQ$W_'KO08=V[-SD#OWP*`.<^/NN6OB#QUX;\'V2
MQ7+V]P+B\92&V9.-C<\`*&)R0.1TKUOSWF\_4K'2[F5P%CM98R$#Q+@Y"YZ`
M[L`]0>*\^^%GPU6#3K?4M8MIKO6+]UN=0U&ZSPO40Q[N3V#-CIN&2*]J>-7B
M:,\*R[3@XXK:4%!)2W?X+_/\CM@UA_B5V^G9>=NK[=O73E->\-R>*;NSU.RO
M8U@-D\2I,C'RRY5EF3###C;C\:P!X`\<[<GQ],)`V48(Y"C.<%2V&].?Z"NV
MT"8PVO\`9=P-EU8J$*D8WIR$<>H('Y@BM:IJ1Y)N)SU8>SFXK;].AYG'\/O&
M:WDDDOCN[D@8@I"'D7R\#&-V[)_&NQ\*:1JFBZ,UMKFKOJ]TTSR&Y<$<'H,$
MG`'H./2MNBLS(S];T/3_`!%I4NG:M;B>WDYQG!5AT92.01V(KDX=9U7P#)'9
M>*Y9-1T-F"6^M!<O!Z)<`?\`H8X]:[RF2I%-&T,RHZ."&1P"&'<$=ZZZ.)Y(
M^SJ+F@^G;S3Z/\'U3&GT8EO<0W=ND]K-'-#(,I)&P96'J"*YW1?^2A^*/^N5
ME_Z`]4Y?AYI]A++<>'=6U#PX)#NDBLI@(">Y\MP5'X8KC],3Q#;^-];/AGQ'
M/J\ZQ6I(O+1'AN%PXY==NW!!`*Y[]<5JL+2J/]U4T\TU;UM=?C]QI&DYZQ/3
M/$&M'2;2-+6(7.HW;>59VV<>8^.I]%4<L>P_"N'\*:1_;GC`:B\C7ECI3N[7
MKK@7]^WRO(H_N1K\J]AVJ;0O$*'7]5'C&!K'Q(+9S%`3NB6V5<D0MW)P6;/)
MX[#BWX#TFZL?A_HE_I01;I[-'GMV.$N5/(S_`'7P>&_`Y'3T53^IT)QVD[*_
M1\R>S[65K[7;?:VL:5FX2=G^'_#>?Z:G>UD>*?#\7B;P]/ITKF*1L26\Z_>@
ME4Y1Q[@_UJ1/$.F&R>YN+I+01$+*EP1&\;'HI![D\#U[9K-@\0:UJ^R70]",
M=FZN1<ZI(;<DC.W$04OM/')V\=J\.,IT*BDM)(YY1E"5I*S1-X+UR;7_``S#
M<7R".^@=[6\0=!-&=KX]B1D?6M^N+^%WGR>'-0N+T1K<W&KW<DJPYV!O,((7
M/...]=I6N,C&.(FHJROMV\OD*6X5#=_\>4__`%S;^535#=_\>4__`%S;^5<H
MB/2_^019_P#7!/\`T$5:JKI?_((L_P#K@G_H(JU0!B^,O^1%U[_L&W'_`*+:
MMJL7QE_R(NO?]@VX_P#1;5M4`0W?_'E/_P!<V_E7'?!G_DC?AO\`Z]/_`&9J
M[&[_`./*?_KFW\JX[X,_\D;\-_\`7I_[,U`';T444`%%%%`!1110!B>%_P#C
MTU#_`+"=U_Z-:MNL3PO_`,>FH?\`83NO_1K5MT`8'C8?\4I.W\230,I[@B9,
M&M^L'QN/^*+U`YP457!]U=2/U%;5Q_QZR_[A_E73+_=X^LORB/H<[\.?^2>:
M1_UR/_H;5TU<W\.P!\-O#^!C_0(O_01725S".&O_``Y#XGU3Q&C/);W-O<0-
M974+;9+>98!AU/I\P!'<9K9\#ZW-K_@ZRO+TC[:JF&[7&-LR$JX([<C./>G>
M'LOK7B*8#"F_5!ZY6&,&L1IAX+^(,SW/[K1/$3*RR_P07H&"#Z"0`<^HKV97
MKP=#K%1<?E%<R7KO\O,O?0[FBBBO&("BBB@`HHHH`Y?1?^2D>*/^O>Q_]!EK
MJ*Y?1?\`DI'BC_KWL?\`T&6NHH`****`"BBB@`HHHH`**AN[NWL+22ZO9X[>
M"(9>61@JJ/<FBUN[>]MH[BTF2:&4;DD1LAA[&@#,\8_\B-KO_8.N/_1;5:T@
M;O#MB#WM8Q_XX*RO&.JV'_"*Z[9?;8/M0T^8>3Y@WY:-\#'7G:WY&M;1R%\/
MV!8@`6L9)/;Y!0!Y!I\B:#\>M$N6XM];T@6Z-NSN=/7(XQ@#@\]Z]DU&=+72
M[F>5]B1Q,Q;/3BO$_&-U''XS\`,$\N>TU&2V<_<V@G*X)XP5(/OFO7M447VK
MV&G/AHANNIE_O!,!0?;<0?\`@-=+BI5WVNW\MSMG3_VF2EM=OY;_`(]"UHL3
MP:%8Q2KM=+=`P]#M&:NT45A*7-)R[G).7/)R?4****DD*;)(D4;22NJ(HRS,
M<`#U)K#\7^,]'\$Z,VH:W<!`<K#`G,D[8^ZH[_7H.]>>VWACQ1\6IH]1\=M-
MHGAL_/;Z'!(5DF'9I3U_/GG@+U(`GQ+^+5N^EZCH'@J(:Q=O:RB[NHQN@M8R
MI!.>C-V&./KTKD+GP/I-GX@\$>%;4->7UZZZGJMY)EY)%P"`Q/\`#D8%>EZC
MX=T72_#&N6>AV$%AI>E:?/GRACS;@Q-RS=6VJ>I[M[5S'P1T^?Q-KVI>/=3#
M?,J6-@IY541`"5_E^=;2O37+U>_Z+]?^&.B:=**BMWO^B_5_\`]L````Z"BB
MBL3G,C6T^R7%IJT9"O;N(I>V^)V`(_`X8?3WK3FN(+<`W$T<0)P"[!<_G5?5
MK-]0TFXMHF59'3]VS#(#CE2?;(%8VGII":2VIZUY37"MLNY[X*2DF<%>>`,\
M`#MBNI*,J2E)[:?Y?J=J4)T5*;^%VT[/5?J=(KJZ[D8,/4'-+6&=+T$QK=VS
MQV@<!A-:SF($'&#\I`.<C\ZKWJ:)IC)_;.MS$.I=$N;T@$#@G`(R.1^=9\M+
M^9_=_P`$RY:._,_N_P""=%)+'$NZ5U11W8X%>6>/K6SU;Q/%<Z7XO&F:C';>
M3&MC$T\I)W<?*V%)R<'@]>HZ=];Z+H0"/%:VTF[E#)\Y.?3=FLW5OA]I&K7L
MUPTEU:^>$,L5M($1W12J/C!^90Q]CQD'%)^R6UW^'^9+]BMKO\/\SC4\'ZQ/
MX=TS3O%/C")GDO\`SU\\&65Y1&2J;R_`!&XJ..HJMX8T34I?BA>71\:FY-I%
M;>;Y6428!I4,)0MCC:?7ELXK5N_@QX0MH9_MNJZE#%>-L?S;M%#,PQA<KP3C
MMUQCI6%<_"30[[X@WZ7NI7B06%C;2SS3.NZ5&:;<&8`;3\HPPY&/QJ)2YO(B
M4^;R78T9/@S>:G+/+JGBR:\0I*;<1Q;-LSGYG9MQ)SR"/P''%=F?%>E^'M"2
M&]22WN+15MQ8(-TKOC"(@_BW8^4CK[8.-+PSHECX=\/VVG:5+)-:Q@M')(X=
MF#'.<@#/7KW]ZI>*M(@=H->5$^VZ6"\;E`6V$8=5)Z$J3@^N*WC5G4IK#MW5
M]/)O_/\`X/>_11:JVHS^3[/MZ/\`!Z][T;'PO/K\@USQ262^DV26=K&5*Z8!
MR`K`?.^226/'8#`YV!J-[I1V:TGG6_:^@3@#_IH@Y7ZC(^E:T$:16\<<0(15
M`4'TQ3ZSC4LN6:NOZV?]+R,XU;+DDKQ_%>CZ?EY'(?"XY\!0'KFYN3GU_?O7
M7UR/PT+?\(O<QD;5BU.\1%QC:!,W%==71F'^]U?\3_,RG\3L%0W?_'E/_P!<
MV_E4U0W?_'E/_P!<V_E7$21Z7_R"+/\`ZX)_Z"*M55TO_D$6?_7!/_015J@#
M%\9?\B+KW_8-N/\`T6U;58OC+_D1=>_[!MQ_Z+:MJ@"&[_X\I_\`KFW\JX[X
M,_\`)&_#?_7I_P"S-78W?_'E/_US;^5<=\&?^2-^&_\`KT_]F:@#MZ***`"B
MBB@`HHHH`Q/"_P#QZ:A_V$[K_P!&M6W6)X7_`./34/\`L)W7_HUJVZ`,3QHF
M_P`$ZMSC;;.X^JC/]*U9&+V#.>"T1/Z5G^*XS+X.U=%(!-E+R?\`<-6H9?/T
M2.4#;YEN&QZ97-=#_P!WCZO\D/H9'P\_Y)OX?_Z\(O\`T$5T=<Y\//\`DF_A
M_P#Z\(O_`$$5T=<XC!\+DO/KLF,!M5D`&?[J(O\`-35WQ!HMMXB\/WNDWJ@Q
M7413)&=I[,/<'!_"J7A/+0:K)T$FJW)`^C[?_9:WJZZ\Y4\1S1=FK?@4]&<U
MX"U>ZU/PT(-44KJ6F2M8WG<-)'@;@>X(P?QKI:X[PH3I_CGQ9I#'A[B+48O=
M94PWY,A_.NQIXV,8UVXJR=G]Z3_4);A1117&2%%%%`'+Z+_R4CQ1_P!>]C_Z
M#+745R^B_P#)2/%'_7O8_P#H,M=10`4444`%%%%`!1110!FZ]HL.OZ2UC/+)
M#^\CECECQN1T<.K8.0<%1P>#7%:G\'K?5-4N[Z;Q'J:R79W.$$8"-M"DI\OR
MYQV]37H]%`'CGB3X+V%CX8U*]CU[4B]M92O@K%^\(C?.[Y><[CSUYKTCPEI:
M:;X&TG33-)<QQ64<?F3'+.NT=?PIWC'_`)$;7?\`L'7'_HMJN:+_`,@'3_\`
MKVC_`/010!Y1\;=/&E66@ZTB^9):ZC%&9=@W(O16..7([?CFO1?#_GW&I:C=
M7SQRS(R0))&"`T84."!VSOR:QOC%HCZ[\+-6MX%9YH4%Q&$&6)0[N!3?A?K9
MUCP]8W,A^:\L(9AR2-R#RW'//!5?SKHIR;A*/E\]T=L:TYPG&6NGSW1W5%%%
M<YQ!4-Y>6VGV4UY?3QV]M`A>661MJHHZDFN6\6_$C1_"5B]U<$SHC%&=3A`^
M"=N[G+<=`#COBO#/$OBGQC\:;V6V\/Z)/)H-FP9K6.0*)0>AD;^]U('8#UYK
M1TY1MS:?U]YJZ4HVYM+_`-;;G;^$Y[#QU\0=3\=:O$DVF1.EKH,=VX4-MSNE
M"L>.A.<=3ZCCTR;7VU"%X='D2)ER)[V0`PVP'7#=';T`./7TKRRT\/?%2:RM
M]/TO2-!\.6D*A$D4"22/:,`Y.236G#\$-1U=%;QOXTU+4CR6M[<^5%GU_+MB
MFI0A*Z5_7_+_`()LIT(*\5=^>WW?I]^FASWBO5KKXAW%UX,\#W<D6A:;')+J
MNI@Y,K`%B,]R6ZCO[#!KV+P+:6]E\/\`08+.)881I\+!%Z#*`G]2:KP>%](\
M)>!;[3="M$MH%M)<XY9SM8Y8]SR?SJ[X/X\#:%G_`*!MO_Z*6LY-R=WN<TI.
M3<I;LV:***1(5R^N:);:E=W.D7SR1V6KHK_)C_7(02!D'&5`/_`3CFNHK-\0
M6+ZAHLT<`/GIB6$J<$.IR,'MG&/QK:BUS<LMGI_7H;T&N?DEM+1_Y_)ZG$2?
M"'PS:2,9K_47$C&3;(4E(]3DH3Z=?05L6'PYTRQL;:"QU"_58K1[,R>8C&6!
MW+[3E<<$G!&#@U=^TV%GHD_B&*\E2W2W+SFX9I3&JY)&"<A@<C'K6=;>-;V>
MUBC\/^#]:O(PB^7+<JELC#L<N<_I6D,)6FWRK1:7=DK_`#=AU*48Z+=;WT*E
MM\'="MKV"[%[J#SP7:W<;LZ95PVXC.W[I/45WDMQ#"ZK+*J,_"ACC-<'JOB;
MQW:K`J:)H]I<7<@BMK>6\>:21N_"J``!R3G``]Q3Y;WQW;27`O/#%EJ'G1A&
MFL;\*.,CA)`#T)XSUK66`JQBI<T=?[T?\[?B1"";]YFQX\TW3;_PV9=:OWL+
M:QD%T9XL;U*@XVD\[N>,<GISG%>5:99>&_#_`(SN/L_B>^NK35-'6S$Z1K,(
MVDF;Y7`!PP![C/S'TKN=6U9M7T;^RO$G@+7I;0A2WE&.4C;]U@R.#NR.U<7%
M'X!M/&CVVI:/J6B6$6GHZ0W<$\>V4RO\^5)Z#&#G@YQ4/`XCI&_HT_R;(<7T
M-.;P3X-FOVN!\0)54RE!"+^(QYR#L([G@>_RCTKTS4_+UCPI<-IDJW230%H7
MB;<),<C!'7.*XK3M`^%]Z'EM;[3KB"-%$<1NP/("L7R#D-R6.<GIQP*OZ3XS
M\):'IT6B^$K>_P!4@M<HD>F6TEPJY))_>'@\D]Z=+"XE3O&F[KR>GJ53<H34
MDMM3ND8O&K$%20#@]13JY#_A--8ES]D\#:T^#SYS0Q<>V7JCJ?C;Q5:26]K'
MX0CCO+Q]EM%+J2,S<<L50$[5X+$D`>M7'+Z\I65O_`H_YBY67OAX2;/7\DG&
MO7F/^^A77UB>$=`D\.>'DLKFX%S<O+)<7$JKM5I)&+-@=ADX'TK;K'&3C4Q$
MY0=U<F3NPJ&[_P"/*?\`ZYM_*IJAN_\`CRG_`.N;?RKE$1Z7_P`@BS_ZX)_Z
M"*M55TO_`)!%G_UP3_T$5:H`Q?&7_(BZ]_V#;C_T6U;58OC+_D1=>_[!MQ_Z
M+:MJ@"&[_P"/*?\`ZYM_*N.^#/\`R1OPW_UZ?^S-78W?_'E/_P!<V_E7'?!G
M_DC?AO\`Z]/_`&9J`.WHHHH`****`"BBB@#$\+_\>FH?]A.Z_P#1K5MUB>%_
M^/34/^PG=?\`HUJVZ`,_Q`C2>&=4C3EFLY0/J4-16ERB>#H+K#&,6"R8QSCR
M\U:U56?1KU$!9FMW``[G::R+1UD^&<+(<J=)&#_VQKI_YA_G^@^@[P%"\'P\
MT".3&X:?"3@^J`_UKH*QO!W_`"(VA?\`8.M__1:ULUS",'P=E]&N)L8$U_=2
M*/0><X_I6]6!X*.[PK!)C`DFGD`]`9G(_G6_73BOX\_5_F.6YQ'C)F\->)-,
M\8QY%K&/L&J`#.(';*R'_<?]#756^M:9=Z:=0MM0M9;,+N-PDRE`/=LX%9OC
M,"70HK8@$7-];0D-TP9ESGU&!TJM=?#;PE>:C]LFT6#>6W/&A*12GL6C!VL?
MJ*Z^:A4H0==M-75TD[I6>MVN[UOMT*T:U,/6_'EUK=Q#IG@9LPSW,=M/K93,
M4)<XQ$#Q(V`>1D"M(^`KR']_8>,M?BO#]Z6>99D;ZQLNW\L5H:S%&NN>&M/M
MXTBA6YDF"(N`HCB;&`.@RPKHJJIBO8P@L/'E33>MFWK;6ZUVVM;RZ@W9:'#O
MX@\2^$26\76J:KI0/.JZ=$0\(]98>>/=<X]*["QO[34[&*\T^XCN;:9=T<L3
M;E8?6K!`(((R#U!K@[<+X"\;_9<"+P_K\F8>R6EYW3V60<CW%9I0Q<7RQY:B
M5]-I6WTZ/KIH^U]UN:FB_P#)2/%'_7O8_P#H,M=17+Z+_P`E(\4?]>]C_P"@
MRUU%>:2%%%%`!1110`4444`%%%%`&-XQ_P"1&UW_`+!UQ_Z+:KFB_P#(!T__
M`*]H_P#T$53\8_\`(C:[_P!@ZX_]%M5S1?\`D`Z?_P!>T?\`Z"*`+%W;I=V<
MUM*,I-&R,#Z$8KQ7X/7,VG^'=1M\M)_PC>K2Q,F#G[.YPV#WQ@-C_9]Z]N8D
M*2.N*\4^$TFWPKX[DEC8SG49@\3L=W*D#(/(Z],GI6U!_O(^>GWZ&^'?[V*[
MNWWZ,]L!!`(.0>AKF?%^K6>FK&-9N_LFE+#)/=,#@R!2H"9'.#NZ#DXQ5C6?
M$NG^%M(WW\IED@@#-&F`<`8W'/"@GN2!7S7XC\87_P`3O%<$MU8F_MPVW2=!
MM3DSGKOE;J$XSGC(].H<4Z3YWYV_S_X)4$Z+]H_.WZ/_`()I:AXC;6M?C\7W
MVG,T,1-OX4T+:&69_N^:R`?=!*GW)P/6O;OACX.G\'^%F34Y1/JVHS&\U"0`
M`>:V,J,=AT_.LSX??#6;1+P^(?%EPE_K\J!8U0?N;!`,".)>@XXR/?'4D^BU
M@W?5G.VV[LYWQ?X<NO$-O:K9W:0^0[EHI03')N0J"0.ZD[AG(R/Q&!X7\+^-
MM/U.UO=4\2R3VL0='TZXP^[G&[>H_N@$#HIXYR:]!HH$>9^(O`&IPQZEJ&EZ
MX8$0SRQ1.&.R!XV+Q`YXR[.=W4`@#I61X8^'WBVZ\%:4DWC*5[5[!"EN`P4A
MD!16ZDA2?QZ'H*]:U&-9=+NXY!E'A=6'J"IK)\".TGP^T!G.3_9\`S_P`4`/
M\(Z7K6D:%]E\2:L-6O/.=_M(3;\A.0N/;I6Y110`445QWBR[O]3\3Z5X7T?4
M)]/:>.2[OKFVV^9'`HVJ`2#@LY`S[&MZ%%UI\M[;MOLDKL:5S+\9+/?ZK=>#
M]*59IM;,5Q.0V%M(591*SC_:"@#U)-=SJ.HVFBZ5+>WKB*W@7)P,D]@H'<DX
M`'<FJ6A>&=)\+P3M8H_F3?/<W=S*9)92!U=VYX_(5G:>K>+M6BUFX!&C6;YT
MV%AC[0XX^T,/3L@^K=Q7=4G3JI17\.&[V;;LO.U[)+R3;ZFDYN;N_P"NA:\/
MZ==3W4FOZY%LU"Y7;#;DY%G#U$8_VCU8]SQT`KH***\^K4=27,_^&78S;N%<
MN#M^+4B$!EFT-3]-LY_GO_2NHKEF_P"2O1_]@)O_`$>M9"-.]\*^']1</?Z)
MI]PP.0TELA.?KBM.&"*VA6*WB2*-1A410H'T`I]9VMZU;:'8?:+D-)(["."W
MC&9)Y#]U%'<G]!DG@5LI5:S5.[?9#U>@W7=:CT6S1A"]U=SOY5K:1??GD]!Z
M`=2QX`YJ#0=%GM))=3UB2.XUBZ`$TJ#Y8DZB&//1!^9/)]HM"T2YCO'UK7W2
M?5YTV;4.8[2/KY4?]6ZL?;`&_6M2<:472IN_=]_)>7Y_<&VB"BBBN005#=_\
M>4__`%S;^535#=_\>4__`%S;^5`$>E_\@BS_`.N"?^@BK55=+_Y!%G_UP3_T
M$5:H`Q?&7_(BZ]_V#;C_`-%M6U6+XR_Y$77O^P;<?^BVK:H`AN_^/*?_`*YM
M_*N.^#/_`"1OPW_UZ?\`LS5V-W_QY3_]<V_E7'?!G_DC?AO_`*]/_9FH`[>B
MBB@`HHHH`****`,3PO\`\>FH?]A.Z_\`1K5MUA>&I$CM;[S'5=^J72KN.,GS
M6X'O6VLL;L51U8KU`.<?YQ0`VX!-K*`,DH?Y5S>D$-\*;<J01_9../\`KG74
M'I7)Z'_R2F/_`+!\G\FKIC_N\O5?E(?0T_!W_(C:%_V#K?\`]%K6R3@$^E8W
M@[_D1M"_[!UO_P"BUK5G<16TDA&0J%L#V%<Z5V(Q?!`(\%Z<Q_Y:1F0#T#,6
M`_6MZL7P:AC\%:0&QDVD;<>XS_6MJM\4[UYOS?YC>Y@>)_GN=!AXR^J1M_WR
MCM_2M^L#66W^+O#L/H]Q,<#GY8MOY?/_`"K?IU=*=->3?XM?H#V1@7&9_B'9
M(>5M=.EE^C/(BC]%:M^L#3SY_CS6I2/^/>VMK<''KO<_^A"M^C$:.,>R7XZ_
MJ#"LWQ#HEMXC\/W>E7J@QW$94-W1NJN/<'!'TK2HK&$Y4Y*<79K5"V/./AAJ
M5UJ6O>(?[35EU&SBL[.\##&98Q*"WT(PWXUZ/7F`O)='_:"NI%(6RU.VM[.9
M0,9GV2/&Q]\*5KT^M\3'WE52LIW:7;5JWWK[AON%%%%<H@HHHH`XO6_B&=$U
M+6HY-'EGLM#2"6]N8YUW+'*"=RH1\VT`Y&?IFID\<R2:6;V/2]RC49;$#[2/
MF"*Q\P';T.P\=>13M1^'FGZMK6I7U]?W[P:H(5N[%9%6&98ONJ<+NQR<C=SG
MFGGP%9"\N)(]0OX[>:>2Y6S5U\J*:1"C.HVY[DA22`23B@"AX7^)]EXBTG4M
M1DLGM+?3[6*ZDE$RRH0Z%_+W#I(,<KVR/6F+\4[!="T'6;FQFBL-49H[F7<"
M=/=3M;S1_=#?*6[=>E%K\*-+LK*.SM=3U&.VV0)<P;HS'=^204,B[,$X`5B,
M;@!G-7+/X<Z;8ZK+<PW=S]DFN)IWTW;']G)E38Z[=F=I`'&>O-`&%XA\>RZK
MX5UJUL]+1&CTJ>>[EGN@(X8V,D<>&`.YGV,P'``QD\U/I_Q*AB\/0ZE!8&;0
M+*6"PN-0$P#"0A%++'CYD5F`)R#UP#BG:_\`#_3-$\&W\NA75[I[6FC3VA$<
M@830!794<,#G:6(!&"`3S5S2_A]I4VFVS>?=I8W/V>\N--5QY$LR(F'(QN_@
M4D`X)4$T`=O7S[=ZXOP_^(GCJP,9_P")D(;NV1P0)"6&[&."`">:]\N'MS"\
M=Q*BHX*ME]O7WKYH^(>@6VA^*S]FU-=2CFCWQR/+YDL29^XS>W:L,14G2ASQ
M7S['T?#^74\=BXJI*W*T[6W2W5^A!\0_&E[XVU*Q\(^%+>6[NK^87-_Y0R9'
M(^6/V5%P#G@8)Z=?;OAK\--+^'^BHL<4<VK3(/M=YMY)ZE5_NH"3P.O4UX;X
M7\*:]K27U_X-N+2'4K':[1R%E>92<X!7J#MP03Z5W?\`PL+XHV<ZP3:!IU]D
ML-T*R*>!D9&.#SC'L:WI3J8I>U4?NU_X;R,LXRV6%Q<J<&YOK9/2^R^[Y?I[
M;17C$/CSXJ:A/-!:>&]*MY`F]?/F*%1SGAB,_P`/YU:CU;XU2Q_:(M)T-UC/
M,*S@^;]#GCU_&JE&4?B5CQ)0E'XE8]=K(O?%.BZ?J+6%Y?+%=*8P8BC$_.&*
M]!WV-S[&O/K/XS7NCWL-C\0_#-UH;NP0W@.ZW!+8R6/0=Z[;5M!T'Q+$FK3N
M7W6;V\5W!)_RSD()(Z@GCC@XR?6I(2OHB1O%>AWV@:A>VFHQRP6L4AF90V4"
MKDG;C/`([5F>`M>TS_A7^B(;Q`\5G#&ZL""#L7G!YQR/FZ>]4-/^&OAZPN[W
M4X+C4YKI[.:WF2ZG.'CD7!RN!Z<'VK+\._"W0O$/@W0+W4KC47D_LV%2%N`,
MKMZ9VYQSCKT`H&TT[,]*L=3L=3A673[N&X1T60&-P?E/0X[9JRS!5+,0`!DD
M]JX6WT#PS\*X;S7(I+TFZVPF'<)&FD)&U44`$L2/IUZ4HT7Q!XV82>*F;1]%
M)RNCV\G[V<=O/D'0?["_B:ZZ.&YX^TJ/EAW[^275_@NK0)=2>]\;W&JWDFF>
M`[-=5N4.R:_D)6SMC[O_`!G_`&5_.M3PSX7_`+$:XOM0NVU+6;W!N[UUV[@.
MB(O\*#L*V+.RM=.LX[2PMX[:WB7:D42A54>P%8WB#4[J6[CT#0I-NHW*[I9P
M,BRAZ&0_[1Z*.YYZ`ULJBJ?N,.N6+W;W:75OMY+RW=A[Z(JZD[^+=6ET2V8C
M2+1P-3F4X\]^OV93Z="Y]/E[G'4HBQHJ1J%11A548`'H*JZ7IEKHVF0V%A'L
M@A&!DY+'J6)[DG))[DU;KFK5%*T(?"MO\WYO_@=!-A1117.(*Y9SM^+T.[C?
MH;A<_P`1$ZYQ],C\ZZFN-U_4;;2?B+IU[>OLABTB[)P,EB98`%4=V)X`'4TX
MQ<FHK=@=)K&L6FAZ<UY?,VW(2.-%W/*Y^ZB+_$Q/05F:)I%S<7_]O^((P-2D
M4K!;[MR6,9_@7L7/\3=SP.!3=&TV]U'4%U[Q%&([@`BRL3@BR0]23WD8=3V'
M`[D]'77.2H1=.#O)[O\`1?J^NRTW>V@4445QB"BBB@`J&[_X\I_^N;?RJ4L!
MC)`R<#/>H;IE-G<`$$B-L@'IP:`&:7_R"+/_`*X)_P"@BK55=+_Y!%G_`-<$
M_P#015J@#%\9?\B+KW_8-N/_`$6U;58OC+_D1=>_[!MQ_P"BVK:H`AN_^/*?
M_KFW\JX[X,_\D;\-_P#7I_[,U=C=_P#'E/\`]<V_E7'?!G_DC?AO_KT_]F:@
M#MZ***`"BBB@`HHHH`\IU>2WU2";3BM_"]GKD]PT\.C2W)XD)'E..%;./FYZ
M8QUK0\)W>B>%+'RX;#7KFZ==DMV^D3AI5#$J"`N.`V,]ZZOPO_QZ:A_V$[K_
M`-&M6W0!S7_"=6'_`$#-<_\`!3/_`/$UREIXOM+?X8WELEEJXD%M=A9$TV8H
MI)D(.[;@8S^%>H5Q=N-OPLUQ1PJ1ZBJCT`>7BNF/^[R]8_E(?0;X?\9Z=:^&
M=+@73-:Q%9Q(-NE3D<(!P=O-6;[QW8#3KD_V;K?$3==*F`Z'N5P*W/#O_(KZ
M7_UYP_\`H`H\12>3X7U23&=EG*<>OR&LJ2O.*\T"W.9\/>,;*S\,Z9;2:?K+
MM%:1(632IRI(0=#MY'O6C_PG5A_T#-<_\%,__P`36SHL9AT'3XV(+);1J<>R
MBKM.L[U)/S8/<X&Y\8V4WC2PG^P:SLM[*;Y/[,FW`LT8!QMSC"GGIFMC_A.K
M#_H&:Y_X*9__`(FIX!YOQ#O'`)$&FQ)D]BTCGC_OD?E6_6E?3DCV2_'7]09Y
M]H/CC1H=0UNYNAJ,4EQ?G"G3)R0JQH@SM0X.0>.M;7_"PO#_`/?U#_P57/\`
M\;JQX*/F>&([DYS=3SSG/^W*Q'Z$5OT8K2M*/;3[M/T"6YS'_"PO#_\`?U#_
M`,%5S_\`&Z/^%A>'_P"_J'_@JN?_`(W73T5S"/#_`!'XNTEO&MSJ$3W>(=1T
MJ5<V$X.!YJOP4ZX?C/7MFO2?^%A>'_[^H?\`@JN?_C=<?XR)37/$5P<[+6ZT
M::3']T2MG^=>KUV5;O#4WYR7Y/\`4I[(YC_A87A_^_J'_@JN?_C='_"PO#_]
M_4/_``57/_QNNGHKC).9'Q!T`G`;43]-*NO_`(W1_P`+!T#^]J/'_4*NO_C=
M3>-M)U'6_"TUCH\ODW;R1LLGGM%M"N"WS`'J`1CIS7*KX0\9C3+'RM4BAOK;
M4)K@;[R66(1,!M4Y7+8P<9X&>X)%`'2?\+"T`=7U#_P57/\`\;I/^%A>'_[^
MH?\`@JN?_C=<KHGACXH6>M/=WWB&S:"X=#-!YAD4$;0S*I08!`/R@CJ,8KK]
M5NKR\U5[/3`Y2%`)IU!(A<\@!01N;&#R<+WZU48N6QM1I.K*U[>9%_PL+P__
M`']0_P#!5<__`!NF3_$GPS:Q&6YN;R&,=7DTVY4?F8ZY)M6UZT^-EGX9U36;
MQ]/OM-\V,*43;(H.[E4R>1Z]Z](AT2QBE\YXC<3?\];AS*P^F[./PJDH=7^`
M<M-?%+[D<1XJ^)?AV]\$ZPFF/>WKR6<L8$6GS@`LA&2Q0``=R:9I&M^%6T>S
M.KOJ-]=&!-\C:==[1\HX4!,!1[?K78>,./`VN8XQIT_3_KFU7-&_Y`-A_P!>
MT?\`Z"*<:DH?!I^81K2I_P`-V_/[SE4\2>"8R2MA-DG))T6X//KS'6,9/!4_
MBZ37M0-]=2!42VMVT>X$4`4>GE_,<Y//K7J%%95&ZEN=W-*>,Q%.[A-JZL]>
MAY*]QX2T7Q-_PD>@RZI:-D?:;2+3+D12*6&XX,?&!DXZ<5V2_$3PZRADEOV5
MAD,-+N2"/4?NZZ@@$8/(K$\K^P-1@$$CC3;EC&86.5@D/*[?12<C'0$C&*TI
MPBX\D=&KFDZU3&)*K*\HK2_5+I?RZ?=V,RY\:^%;T(+R&[G"'<HDT>X;:?;,
M=9Z>./#^EZ^)+9[R*TOEQ*G]EW"A95QM*_N^K#((_P!D5JZ?\1_#&H)(PU%+
M81#]Y]K_`'6QMS`J=W1AMZ>A![BH]0\:>$-2B:QGUVWC21!*EPDH4`JW\+]-
MP(!QUY%53J->ZWH_Z_X)A2JM>[)^Z]/Z]-RGK/B[P7XETJZTC4OM=S!,A62,
MZ7<DK[C]WP1Z]J\O\%^-/^$+U.X\":K?W$>EF19-+OY;.8R"//"*A7<6)&!Q
M@<_2O7M*TZ/6;:"[L?$=Q>V2%A'<6MTK;ST/*KCCN.>:YGQ5X)M?%.E2Z?>W
MDEGXHMIO.M-0;AIF'*%.VTC`VCH1^;A33BY)W:Z6_'T7]:'1[&,;SI2YFNEO
MQ]%_DNYT$?C3P^/.,\^HR/*GELPTFY7"\\`>7[FLGP'X\T:W\`Z-!=27QEBM
MEC.S3;AAA>!RJ$'@#I5CX3>.)_%6@S6&M@Q:[I3^1>1,,,V.CXZ\XK'T_P`4
M7&F?"K3-(T:.=]>O=.+:>$4'S&WD-M)[H/F(]"*SIPYYJ%[7?7;YG$VY.['S
M^,]%UOXGQ7%PUZVGZ%;9C7^SKAMUU+_$5"9!5!QD?Q<5UH\?:3)DV]IK%PHX
M+QZ3<8SZ<H*YSPCXS\':+HP^SS7<:SRL+N]O%+22W2H&D#_Q%@"`>,#&*VY?
MBIX,C5B-:20J,@1PR-NZX`.W!R0<>N*ZL4W*JJ,?L^ZM/OTUW=V#WL1ZI\2+
M.SM2MII6KS7TH(M;:33ID\YP,X!*]`.3["J^@>(+#1[65[FRURZU"[?S;RZ.
MD3CS7]`-O"@<*.P'UI/!OB#2/$&O2:C<W\<NLW*,MO9[6Q:0`_<!(P7/!8CJ
M>.BUWE14DJ<?90?J^[[>B_%Z]A/30YG_`(3JP_Z!FN?^"F?_`.)H_P"$ZL/^
M@9KG_@IG_P#B:Z:BN41S/_"=6'_0,US_`,%,_P#\31_PG5A_T#-<_P#!3/\`
M_$UTU0WEY;Z?937=[,D%O"A>21S@*!WII-NR`YJY^(FD65L]Q>VFL6\"??EE
MTN=57G')V^M<7_PD::E\5-.U77=+U/RX+*Y-C9_V7*6@^>,"0\?,Q&>G"\#K
MS7;:?:W'BG4(M9UBW>#3[=M^FV,O!8]IY5_O?W5/W1SU/#M5`'Q,\.L.";.]
M4D=Q^Y./SKJFE07(OBZOMY+]7\N]ZV%_X3JP_P"@9KG_`(*9_P#XFC_A.K#_
M`*!FN?\`@IG_`/B:Z:BN0DYG_A.K#_H&:Y_X*9__`(FC_A.K#_H&:Y_X*9__
M`(FNFHH`YG_A.K#_`*!FN?\`@IG_`/B:/^$ZL/\`H&:Y_P""F?\`^)KIJ*`/
M.O%>J67B:"RC2VUBU-K<K<"4Z)<.ZE>1L.!M.<<\^G0FJOA>30_".C31Q6GB
M&\O)(#'/>S:5<!I0"Q7(Q@$!L9[XKT^HKO\`X\I_^N;?RH`ATEM^BV3`$`V\
M9PPP1\HZBK=5=+_Y!%G_`-<$_P#015J@#%\9?\B+KW_8-N/_`$6U;58OC+_D
M1=>_[!MQ_P"BVK:H`AN_^/*?_KFW\JX[X,_\D;\-_P#7I_[,U=C=_P#'E/\`
M]<V_E7'?!G_DC?AO_KT_]F:@#MZ***`"BBB@`HHHH`Q/"_\`QZ:A_P!A.Z_]
M&M6W6)X7_P"/34/^PG=?^C6K;H`*XM!L^'OBF('Y8GU%5SV&7/\`4UVE<-<3
MBU\!^-6<%EAEO^G4Y3=_-JZ8?P9KT_4?0ZCP[_R*^E?]></_`*`*@\72>5X,
MUAR,_P"ARC'U4BK>BPM;Z!I\$A!:*UC1L=,A0*S_`!LVWP3J@QDO`4'U8A?Z
MTL,KUX+S7Y@MS7LXS#8P1,02D:J2/85-2(-J*I[#%+6#=W<1@:0-_C'Q#(1]
MW[-$,]>(RWY?/_.M35[G['HM[=9QY-O))UQT4FLOPS^\OO$$_'SZFR<?[$<:
M]?PI?&S,/!FHHF=TT8@&/^FC!/\`V:NZ4>?$P@_[J_!(KJ6O#-L;3PII5N1@
MQVD0/UVC/ZUJ4V-%BC6-!A5``'H!3JXZDN>;EW9+"BBBH`\T\3P)<S?$*&0X
M+:=9[,?\],2;/_'MM=AX1U]/$7AR"[*M%<QY@NX'&&AF3AU(^OZ$5R=^INOB
M;J&F#D7<^G/(/6.)99#^JJ/QK4T;_B2_%+6]-8;8-8@34K?T,B_NY0/?[A_&
MO4A",\&X/XE>2]-$_P`K_P#;I?V3LZ**H:I=W-NL$%A&CW-R^Q#(3L0`$ECC
MK@#IW.*\V,7)V00@YRY47ZI:CJ/V#R4CMY+F>X?9%%&0"<`DDDD```57&CSS
M,SW^J74K$840MY*I[@+U/N2:DM-%AM;M;J2XNKJ9%*H]Q*6V`]<#@<XZXS6J
MC2B[MW_KY?,V4:,7>4K^5GK^7S_`@DN-9O3Y%M9_V<,?/<SLLA7V15)R?<X'
ML:T+"QAT^U$$&XC)9G<Y9V)R68]R35BBIE4NN5*R(G5<H\J22\O^#J>1?&;/
MA_Q-X1\9)NV6-Z+>X"G'[M^Y_6O6XY%EB62,AD<!E([@UYY\=;*>^^%=V+6*
M262&XAF_=*690K\M@`]*[G2!(-$L1-O\P6\>[>"&SM&<Y[UD8E+QC_R(VN_]
M@ZX_]%M5S1?^0#I__7M'_P"@BJ?C'_D1M=_[!UQ_Z+:KFB_\@'3_`/KVC_\`
M010!=HHHH`*IZM:27VES06[A)B`T;-T#*05S[9`JY151DXR4ET*A)PDI+='C
MNI:G\.;'6+;2]9T)HKMXS'<L&=VB<-\L3$'+_>+`\@!5/IALS>!-'U-['4]`
MDB2&YD"3"^>8'RW`R1NR"6*X4]<GGK7HMII.FW>NZK+=6%G/(DZ;6D@5G7Y%
M/4CUYK1;1-*;S=VF69\Y]\N;=?G;GYCQR>3R?6JJQ2EI_5]2ZT5&;MMH_O5S
M"\`:SX7U'2+BS\&*T=GI\WEO&49=CL-V!NY/7\,8[5TEY96]_;-;WD*S1-U5
MOYCT/O1:V-I8HRV-K#;*YRPAC"`G&,G'L*GJ$VG=&:;B[IZG@'B^QN?`'Q-7
MQ-9SE+*XN%M+R5E!9=Z#;(WJ0<\GKCGGFN\\!V-Q<^`_#\MQ9V6HVXMVC5@N
MV6.-\AF!)P<CJ!CBKWCCPU#XN34M%D4*USIFY7/3S%?Y#]1SSZ,:Q?@-XECU
M;X=QZ3*P%YH;&TG4]<`G:QS[#]*VF^65[;H[*U5W3:6J7Y?\"^A:L_#>B7_Q
M,\6)?:?;2VOV>U>5)4&WS&4[F]LJJY]<4[0_!^@Z_?MJ46BVEOH464LH%BVB
M[/(,[#^Z,L$'N6[BJOC+1KK1KJ\UU=0^T:#JMW;?VO:;`&$0PF5D'\&,;AW&
M>:]+C5$B18E58U`"A1@`=L>U>AB7"G"-6GJY)*_:T4I?-O\`#UTY7W1F6'AC
M1-+NTNM/TNVMYT0QK(D8#*I.2`?K6K117D$!117EVH7R+\2KF^NAK5OINDMO
M8()R+Z8J,X`^001J"?=L]<<@'ITTT=O`\T\BQQ1J6=W.`H'4D^E<Q:V]SXNO
MXM1U!&AT2!P]E9L,&[8=)I!_=[JGT8]@/(+JY\5^)]*U,7L6L/IFI31:K'#!
M&S"6'S566-&`R`L8#*G!8[B,\5V6K0?;=$N=-^'+:G"=8D4"XD\V.&W6)-S-
M&SCY<G:I'<[N^:[+_5U9?'_Z3_P>_;UVK8]7KF-6_P"2D^'/^O2]_P#:5<I(
MMSXEO_"%_>Q:Q9MJ2S1ZK#'+/$L+K`0!@$!!YG(/?(KA]:775UJP^P/?%Q=7
MZML6X^U_9O-&=A?Y3^Y!QLYZ=ZXR3Z*HKRG6$^WZ%<:5\-SJ44FK2`&Y<S1Q
MP+$F6*/(#M)(52.^6[YK-FUW5-3\3>']8DLM1>Y=+2.YTN2*:!H)"YWO"P&Q
M@#GS%<8*!2#0![11110`4444`%0W?_'E/_US;^535#=_\>4__7-OY4`1Z7_R
M"+/_`*X)_P"@BK55=+_Y!%G_`-<$_P#015J@#%\9?\B+KW_8-N/_`$6U;58O
MC+_D1=>_[!MQ_P"BVK:H`AN_^/*?_KFW\JX[X,_\D;\-_P#7I_[,U=C=_P#'
ME/\`]<V_E7'?!G_DC?AO_KT_]F:@#MZ***`"BBB@`HHHH`Q/"_\`QZ:A_P!A
M.Z_]&M6W6)X7_P"/34/^PG=?^C6K;H`*X#6`4\">/XCU5[HY'?=`K?UKOZX'
M7CL\*?$*)AA@LK^V&M4Q_*NFE_#J+R7YH:V9V]E_R#[?_KDO\A6/XWR?!]X@
MZR-%&/8M*H_K6Q9?\@^W_P"N2_R%9'C/+>'EA'6:\MHP3VS.G-&$_P!XAZK\
MPCN;U%%(S!5+,<`#)KF$8/@[Y](NK@'(N-0NI!CICSF''Y4GB[,L&E6HY%SJ
MENK`]PK>8?T2G>"`1X+TYV!!EC,O/^VQ;^M)K/[[Q;X>M^,(\]P?^`Q[1^LE
M>D],9-]G)_<G_D7]HWZ***\T@****`.(TVQCE^-FN7IF5S!IEL@B'\#,7R?K
MA15SQQI5]*EAK^AQF;4]%E,R0#K<1,,2Q?4KT]P*Q_`I-S\0O$FJ,Q;^T8(9
MDSVC62:-,?\``4S^->AUW2K/#UUR_95K?+WEZ-M_>5>S,&U\8Z1?^'6U>QN4
MD0*1Y+';()/^>3+U#YXQ5JST^[DO8[_5KA9)DCQ%!$FU(BP^8]26/;)[=N:Y
MK5;2UT#XIZ/JJ6T4<&L))97#A`!]H^_&Y_VB`RYZUW-/$1A2C%T=IJ^N_:WR
ML]>J-O:*$+0W>[_1?KW"BBBN`YPHHHH`"`1@C(HHHH`QO&/_`"(VN_\`8.N/
M_1;5<T7_`)`.G_\`7M'_`.@BJ?C'_D1M=_[!UQ_Z+:KFB_\`(!T__KVC_P#0
M10!=HHHH`***CFGCMT#2$C)P`!DD^@`ZT#2;=D4K9/+\0W^&)$D43D>A^8?R
M`K1/2LC1I'O[N\U,Y6&8K#!&PPP5,_,1V))/'IBM>M:OQ?)?D;8A-3L]TDOP
M7Y'#V?Q:\-SEHKLW-E<J^S[-+"6DSG`&%SR<'`_'H13_``]\3=+\2ZE8V=C;
M3J]VKD^9A3'M+=1W!VY!&>M="WAG07.7T73F//)M4/7KVJ6WT'2+2X2>TTNR
M@F3[DD=NJLOT(''4UD8$-W&YU^&>.9(3#;L&#C(D#$>XQC;^M>#>&/!^HW/C
M33#8ZA+9Z/XH@N9M2B1]LCB*5MR`XR,Y49]":]V\2Z[I7A[3TN]6P[,X2V@5
M-\DTAZ(B]237&?"K0;RXL;;Q+K4V)0EQ!962CBUC:=BVX_Q.2.3[5W8=2A^_
MJ.R2?+YOI;T;N_\`.QO*=XKR+]Y\+;8QRV6C:Q>Z7H]T`MWIB$2QR`$'Y"^3
M'G'..M=VJA$"J,*HP`.PI:*RK8JM72565[?UJ^KT6K,6V]PHHHKF$!(`R3@"
MN2+/XYN2B*5\-0O\[G(.HN#T'_3$$<G^,C'3.774DWC.[DL;*8Q:!"Q2[N8F
MPUZX.#"A'1!T9AU^Z.YKJ8HTAB2*%%2-%"JBC`4#H`*[5_LRO]O_`-)_^V_+
MUVK8555%"H`JJ,``8`%+117$2%<MXA./B!X1STWW8_\`(%=37,>)O^1J\)?]
M?\O_`*324`=/1110`4444`%%%%`!4-W_`,>4_P#US;^535#=_P#'E/\`]<V_
ME0!'I?\`R"+/_K@G_H(JU572_P#D$6?_`%P3_P!!%6J`,7QE_P`B+KW_`&#;
MC_T6U;58OC+_`)$77O\`L&W'_HMJVJ`(;O\`X\I_^N;?RKCO@S_R1OPW_P!>
MG_LS5V-W_P`>4_\`US;^5<=\&?\`DC?AO_KT_P#9FH`[>BBB@`HHHH`****`
M,3PO_P`>FH?]A.Z_]&M6W6)X7_X]-0_["=U_Z-:MN@`K@/$I`T3XB*>&^R;L
M>QM0,_H?RKOZ\[\7X_L_QVIZFSMS@]QM(_+K731^"IZ?^W1&NIWME_R#[?\`
MZY+_`"%9'BXYL=/B'674[50?3$H;^E;J`!%`&`!6%XJRS:+&.KZK#SZ;0S?R
M6C"_QHL%N;U4]7G^S:)?3@D>5;R/D#)&%)JY6)XSD,7@G5R,Y-HZ#!Q]X8_K
M44(\]6,>[7Y@MRQX;@^S>%=*AQC99Q`C.>=@S5,GS_B,HZBUTLGZ&24?TCK;
MMHA!:Q0J`!&@4`=!@8K$T@^?XR\03]1$+>V!^B%S_P"C*VA+F=6IY/\`%I?J
M/NS?HHHKC)"LOQ+?MI?AC4+N/_61P,(\=W/"C_OHBM2N>\4?Z5>:+I0Y^U7R
MRR#UCA!D/_CP0?C6^&BI58WVW?HM7^`UN9WAJQ&F>-KJP7I;:)8Q9]<-,":[
M*N9L?^2HZO\`]@NT_P#1DU=-64I.4G)[L1S_`(XT2;7_``A>6=D!]N4":S;=
MMV3(0R$'MR/UJQX4U^+Q-X:MM2B5T9P4E1P,I(IVL...H/2K>LW\&F:)>7MT
M,PP0L[+_`'L#I^/3\:Y?X3R2CP#!97,2PW&GW$UK+&#G8RN3C\B*[XQ<L`VU
M\,E;YIW_`"C_`$ROLG:T445YQ(4444`%%%%`&-XQ_P"1&UW_`+!UQ_Z+:KFB
M_P#(!T__`*]H_P#T$53\8_\`(C:[_P!@ZX_]%M5S1?\`D`Z?_P!>T?\`Z"*`
M,'QQ?>*K"*WD\'V:WLK),LD#J-N2O[M]QZ;6YQ_$,BN;;QWXZL;=VN_!<KPV
MZXEN2QRP"\OL`]<G`S@5Z?10!YG/X[\;"&6ZM/!=Q.D7RK"H/[\XR"I/09[\
M\=JZ[0&U+5=`MKO68GL[\2.X22,`HI+`*RCK\I`_6MZB@:;B[HAMH/(1MSEW
M=BSL1C)^GX5-110#;;NPJ&]N5L["XNI"`L$32'/H!G^E35S7Q%O&L?AUK4L9
MQ(]LT*?[S_(/U:MJ%/VM:%/NTOO8)7=C,\!Z)_:5G9^,/$$CWVLWT(DC:482
MTC;D)$O1>,9/4^M:'PZ;_BB;>,Y#17%S&X/9A<2`BMW2;0:?HUE9J,"WMTB`
M'^RH']*P?AY_R*\W_82OO_2F2KQ59UJSETZ>2Z)>0-W9U-%%%<P@KE;ZZE\7
M7LVD:7-)%I<#;-0OHCCS2.MO&WK_`'F'3H.3P_4[^[U_4I=#T.1H+>$[=2U%
M?^6?K#&>\A'4_P``/K@5T%C8VVFV,-G80)!;P*$CC08"BNR*6'2G+XWLNWF_
M/LOGV*V'6MK;V-I%:V<*000J$CCC&%51T`%2T45R-MN[)"BBBD`5S'B@A?%'
MA)F.%_M"1<GIDV\N!73URWC+_D)>%/\`L-)_Z)FH`ZFBBB@`HHHH`****`"H
M;O\`X\I_^N;?RJ:H;O\`X\I_^N;?RH`CTO\`Y!%G_P!<$_\`015JJNE_\@BS
M_P"N"?\`H(JU0!B^,O\`D1=>_P"P;<?^BVK:K%\9?\B+KW_8-N/_`$6U;5`$
M-W_QY3_]<V_E7'?!G_DC?AO_`*]/_9FKL;O_`(\I_P#KFW\JX[X,_P#)&_#?
M_7I_[,U`';T444`%%%%`!1110!B>%_\`CTU#_L)W7_HUJVZQ/"__`!Z:A_V$
M[K_T:U;=`!7GGC7_`(]_&7_8*MO_`$*2O0Z\\\?#CQ-COH<6?^_LE=-'X:B\
MOU0UU/0E^Z/I6%XCR^I>'XAP6U(/D_[,4AK=7[H^E86NY?Q)X<B'_/U+)GV6
M%^/UHPW\3Y2_)@MS>K`\:C?X8DAX_?7%O%S_`+4R#\:WZP/%1W#1H>,RZK!]
M?E)?_P!EHPO\>+[._P!VH+<WZP/"G[W^V+KKY^J38/J$Q&/_`$"MYF"J6/0#
M)K!\$*?^$-L9&&&G#SGWWNS_`/LU$-*$WYI?F_T#H;]%%%<P@KGH3]O^(5R_
M5-+LEA&>TDK;C_XZB_G70USO@T?:+&^U5N3J=]+.I_Z9@^6G_CJ`_C731]VG
M.?E;YO\`X"8UL1V/_)4=7_[!=I_Z,FKIJYFQ_P"2HZO_`-@NT_\`1DU=-7,(
MY[Q-_I^H:1H@Y6ZN/M%P.WDPX8@^Q?8/QK"\0Z??>"KV[\5:+>2-ITETEQJF
MF&,,K(0%DE1NH8##8Z<&MO10=1\6:QJS',4!73K;Z)\TA_%VQ_P"NADC2:)H
MY45T<%65AD,#U!%>FJ[PTHT[7C;WEWOJ_1[*^Z:+O;0;;W$5U;1W%M(LL,JA
MT=#D,#R"#4E<`K2?#+44B8L_A"ZD.USS_94C'H3_`,\F)Z_PD^E=Q:W]G?1B
M2RNH+A#R&AD#C\Q7-7P[IVG#6#V?Z/LUU7Z69+1/1117*(****`,KQ3&)O!^
ML1,2`]C.I([9C-.\,S-<>$](F<`-)8PN<=,F,&E\1_\`(JZK_P!>4W_H!J+P
ME_R)6B?]@^#_`-%K0!KT444`%%%%`!1110`5QWQ&Q<V6B:5G)U'5[>-E]41O
M,;\,)78UP_AW=XP\72^*Y59=,L5>TTE'_P"6ASB6?';)&T>P-=^"7))XA[0U
M^?V5]^OHFRH]SN*Y;X>?\BO-_P!A*^_]*9*ZFN6^'A_XIF=>ZZG?`CN#]IDZ
MUP$G4US>KZE=ZMJ+Z!X>G\J5`/[0OEY^R(>BKV,K#H/X1R>V7:SJ]Q=Z@=`\
M/N?MS*#=78&5L(S_`!'L9#_"OXG@<ZND:19Z)IR66GQE8U)9F8[GD8\L[-U9
MB>2379"*H152:]Y[+]7^BZ[O3=[#M,TRUT?38;&PC\N"$84$Y)/4DD\DDDDD
M]2:MT45RRDY-RD[MB"BBBI`****`"N6\:?+?^%G/W5UN,$^F8I0/U('XUU-<
MQXW^[H'_`&'+7^9H`Z>BBB@`HHHH`****`"H;O\`X\I_^N;?RJ:H;O\`X\I_
M^N;?RH`CTO\`Y!%G_P!<$_\`015JJNE_\@BS_P"N"?\`H(JU0!B^,O\`D1=>
M_P"P;<?^BVK:K%\9?\B+KW_8-N/_`$6U;5`$-W_QY3_]<V_E7'?!G_DC?AO_
M`*]/_9FKL;O_`(\I_P#KFW\JX[X,_P#)&_#?_7I_[,U`';T444`%%%%`!111
M0!B>%_\`CTU#_L)W7_HUJVZX"Y\33>&[!3;K;,]YKUQ`5N&<?*9&RP*@XQU)
M/'&.I%;?@_6M;UVR-[J^GV]G;21H8#&[;W;)#Y4CA<@$'N#F@#I*\Y^(S%)-
M65!S/HZ1-_P*Y50?PWFO1J\Z^):XEG89^?3E#?\``;N#'_H1KHH?:7DQH]%`
MP`*P=7RWC'P\@_A^TR$^PC"X_P#'OTK>K!U#,GCK14`_U=K=2$_C&N/UIX;X
MWZ2_])8(WJP->/F>)/#EOGK=2S$#K\L+_IEA^=;]8%^/.\>Z0F"1!:7,I]`2
M8U!_4T8;XV_*7_I+!%[Q%<_8_#.IW(.#%:2L/J%.*?HEM]C\/Z?;8QY-M&GY
M*!6=XWR_A.XMU)W74D5N,=3OD53^A-;_`$%#TPZ\V_P2_P`PZ!1117,(RO$]
M\VF^%]0NHL^:L#+%CN[?*O\`X\15K2;!=+T:SL(_NVT"1?7:`,UE>)@;N_T3
M2QR+B]$\H[>7"-YS_P`""#\:Z"NF?NT(Q[MO]%^H^AS-C_R5'5_^P7:?^C)J
MU]<U--%T*\U&0;A;Q,X7^\W\*_B<#\:R+('_`(6AJYQQ_9=I_P"C)JE\1+_:
M6LZ/HP&Z-YC>7([>7#@@'ZR%/R-3AX*=1*6V[]%JP6Y>\.::^D^';.TF.Z=8
M]TS?WI&.YS_WT36G116<YN<G.6[U$,EBCGA>*>-9(W&UD=<AAZ$'K7,7?PY\
M&/YD\VAVD``+.\.80`.YVD5U5<YXL<Z@+7PY`S"35&(G9>J6RX,A]LY"#_?K
MHPLZJGRTYN-][-K1;OY(I-]#C/`4@TKQ\;2VNY%LM7L7O(K*XG:1HD60+$P+
M$G+(2Q'O[5ZM6/K'A/0]?MX8=5TV&=;?'DL,HT8'967!`]LUSVJ_#_P5I&E7
M%_<Z7(8X$+%5NYB6/91\_4G`'N:[:]7#XVHIR<E)Z623OVUYETLMOF-M29W-
M%>>:/\,UM-(ANK+4]0T369`9)'MKAGC0L<B-D<D,J@X]3C.:O1Z_XM\/CR_$
MFA_VQ;J<?VAH_+$>K0'D'_=)%82P<)-JA44FNC]U_*[L_D[^0N7LSH_$?_(J
MZK_UY3?^@&HO"7_(E:)_V#X/_1:UD3^,M!\1>&M6ATO4$:Y6RFWVLH,<R_(>
MJ-@UK^$_^1+T3_L'P?\`HM:XJE*I2ERU(M/ST$TUN:]%&:,UF(**,T9H`**,
MTC,J*69@H'4D]*`%(R"*Y+X88'P^LH@VXPRSQL<8Y$S@UU'VNV_Y^(O^^Q7(
M?#&Y@3P2@::,'[9=<%Q_SW>NVG_NE3_%'\IE+X6=I7G>B:M>*NJZ/H"+)JEQ
MK%X[2N,QV<?FD>8_J?[J_P`1]@372:]XB^S21:7HTD$VK7:DQ!VRD"#K+)C^
M$=A_$<`>V5\.8K>PTO5EENHY[EM7NA-=/M5[@A\!FQ[?D*B$8THJK45[[+OY
MOR_/TN+;4Z;1M'M]%T\6UN6D=F,DT\G+SR'[SL>Y/_UN@J_4/VNV_P"?B+_O
ML4?:[;_GXB_[[%<\YRG)RD[MB)J*A^UVW_/Q%_WV*/M=M_S\1?\`?8J0)J*J
MS:II]L`;B^MH@W3S)E7/YFH?[?T?_H+6/_@2G^-`&A16?_;^C_\`06L?_`E/
M\:/[?T?_`*"UC_X$I_C0!H5R_CD[+?0Y6^XFMVFX^F7VC]6%;']OZ/\`]!:Q
M_P#`E/\`&N9\=:SI<VE::(M3LW(UBR8A;A#@"=<GK0!VU%9_]OZ/_P!!:Q_\
M"4_QIDGB30H5W3:UI\:DXRUT@'\Z`-.BLC_A+?#G_0P:7_X&Q_XT?\);X<_Z
M&#2__`V/_&@#7HK(_P"$M\.?]#!I?_@;'_C1_P`);X<_Z&#2_P#P-C_QH`UZ
MAN_^/*?_`*YM_*O.O&6J/J.JI+X=\4:?!$+-XB5UQ8QYK,-K&,<$+C.003G'
MUU;#Q5X8TG1[FUNO&MG?SLTCM)<7R,5+?PKS]T=`*`.LTO\`Y!%G_P!<$_\`
M015JJFDLKZ+9,C!E:WC((.01M%6Z`,7QE_R(NO?]@VX_]%M6U6+XR_Y$77O^
MP;<?^BVK:H`AN_\`CRG_`.N;?RKCO@S_`,D;\-_]>G_LS5V-W_QY3_\`7-OY
M5QWP9_Y(WX;_`.O3_P!F:@#MZ***`"BBB@`HHHH`XG2/"6FZH^IW=S+J"ROJ
M5SD0ZA-$O$A'"JP`Z>E:'_"`Z.?^6VJ_^#6X_P#BZM^%_P#CTU#_`+"=U_Z-
M:MN@#F?^$!T;_GMJO_@UN/\`XNN&^(WA'3;")!#+J#"6U;/F:A,^"L\&.K'^
M\>.G0]17K]>>?%;*6]H_4/$\?T_>P-G_`,=_6NC#_$_27Y,:-T^`=&)SYVJ_
M^#6X_P#BZQI?!6E'QQ:VBRZD(UT^65B=3G+$F1``#OR!USZ\>E=_6!][XCCT
MCTGGWW3?_8_K3P^\GY/_`"!$'_"`Z-_SVU7_`,&MQ_\`%UC+X*TN3QQ);>;J
M7E0Z<KY.IS[MS2$<'?G&$Y'3I7?U@:8!)XZUV3`S'!:PY[]';_V:BA\,WV7Y
MM+]074Y_7_!6EQ76C6T$NI%KF_4,'U*X;Y%1G)&7X/RCGM6S_P`(#HW_`#VU
M7_P:W'_Q=3ZG^_\`&^APCI#%<W+?DJ#_`-#-;]%72G37DW^+_P`@>R.9_P"$
M!T;_`)[:K_X-;C_XND/P_P!$8;7DU1U/56U6XP1Z'YZZ>BN81YY:^!/#MYXT
MOX%LIOLNGVT:%?MDW^MD)8D'?GA0O'O6W_PKCPO_`,^$_P#X'3__`!=3>#`;
MC3;S56'.IWLMPI/_`#S!V)_XZBG\:Z*NG%:5.3^5)?-;_C<;W/-[3P%X<?XB
MZI:M92^5'IULZC[9/G)>4'G?GL*DT+P'X>U/5=7O'LYC:1W'V2U'VR;I&,2-
MG?G!<D?\!J[J6J#1O&/B34,;FAT>U\M<9W.9)@B_BQ`_&NFT#3/['\/V=@3N
M>&("1O[SGEC^+$G\:</<H2E_-I^K_3[PZ&1_PKCPO_SX3_\`@=/_`/%T?\*X
M\+_\^$__`('3_P#Q==117*(Y<_#CPL!DV,W_`('3_P#Q=87AGP)X>U@7>L36
M$PMKB4QV*F\FR(%XW9WY^=@6QZ;:Z7Q=/-+8PZ+8R&.[U:3R`Z]8XL9E?\$R
M![LM;EO;Q6EK%;VZ".*%`B(.BJ!@"NI?NZ%^LOR7^;_)CV1S?_"N/"__`#X3
M_P#@=/\`_%U@-X%\/:KXN-A;64O]GZ:@:\)O9F$DS#*1\O\`PCYSCG)6NUU_
M5UT71I;L)YLY(BMX1UEE8X1!]21^&33?#VDG1M&CMYI!-=R,9KJ8#'FS,<NW
MY\#V`%.E^ZINJ]WHOU?R7XOR!::F:/ASX1`_Y`5M^.[_`!H_X5UX1_Z`5M_X
M]_C7345R".#\2_##P7)X?U*=O#]JDR6LCK/&"LBD*2"&!S6!\)O"6@ZQ\/[7
M^V='MIKZT8VTTOS'>0`0<Y_NL*])\1_\BMJO_7E-_P"@&N+^%\GV34-2TT\K
M-9V.H(1V\R!58?FGZUV45[2A4B^B37WI?K^!2V9T'_"N?"/_`$`K7_Q[_&C_
M`(5SX1_Z`5K_`./?XUTU%<9)S/\`PKGPC_T`K7_Q[_&C_A7/A'_H!6O_`(]_
MC7344`<S_P`*Y\(_]`*U_P#'O\:4?#KPB""=`M&QV92P/U!.#72T4`<]_P`(
M!X1_Z%K2_P#P%3_"O//"^D^&XO"%M;P>&=-U+6[RZNEMH'MUX59W'F2-CY8U
MXY^@'->QMPI^E<1\)].MX/!4&H`,]W>/*TLKG+8$KX4>BCDX]23WKTL/[..&
MJ3FKVE&WW2_#O]WFJ6Q9TCX9>&-/TY8;O1K"]N&8R332VRG<YY.T8^5?11P!
M67X.\$^%[JUU8W'A_39#'J]W&NZV4[5$A``XZ"O0ZY?P.W'B&+^&+7+D#\=K
M']6-<$YRJ2<I;D[D_P#P@'A'_H6M+_\``5/\*/\`A`/"/_0M:7_X"I_A70T5
M`'/?\(!X1_Z%K2__``%3_"C_`(0#PC_T+6E_^`J?X5T-%`&%%X'\*P,3%X;T
MH$C!S9QG^8J7_A$/#7_0O:5_X!1__$UL44`8_P#PB'AK_H7M*_\``*/_`.)H
M_P"$0\-?]"]I7_@%'_\`$UL44`8__"(>&O\`H7M*_P#`*/\`^)KF?'7ACP_:
MZ1I\D.AZ;$/[6L@[+9QCY3.H()QT.<'ZUWU<Q\0^?!LG_7Y9_P#I3'0!?_X1
M#PU_T+VE?^`4?_Q-/B\+>'X'WP:%ID;8QN2SC!_05JT4`4/["TC_`*!5E_X#
MI_A1_86D?]`JR_\``=/\*OT4`4/["TC_`*!5E_X#I_A1_86D?]`JR_\``=/\
M*OT4`4/["TC_`*!5E_X#I_A3[BSM8M/E2.VA15B8!5C``X]*N5#=_P#'E/\`
M]<V_E0!'I?&CV>./W"?^@BK55=+_`.019_\`7!/_`$$5:H`Q?&7_`"(NO?\`
M8-N/_1;5M5B^,O\`D1=>_P"P;<?^BVK:H`AN_P#CRG_ZYM_*N.^#/_)&_#?_
M`%Z?^S-78W?_`!Y3_P#7-OY5QWP9_P"2-^&_^O3_`-F:@#MZ***`"BBB@`HH
MHH`Q/"__`!Z:A_V$[K_T:U;=8GA?_CTU#_L)W7_HUJVZ`"O//BW\NG:>Y'RF
M1H_Q+(1_Z":]#KSSXP?+H>FL>%^VJN?<]!71A_C?I+_TEC1Z'6#!F3XAWC#@
M0Z9"I]]TDA_I6]6#89D\=ZR_01VEK']>96S^M.C\-1^7ZH%U-ZL#P[^\UKQ'
M<9'S7ZQX'^Q#&/ZUOU@>$?GL]2N,Y$^IW+`XX(#[!C_OFBGI2J/T7XW_`$!;
M,(AY_P`1;AQR+73(T/L9)&/\D%;]8&A$3>)_$=R#D"XAMQ_P")2?U<UOT8G2
M279+\D_U!A63XIOGT[PKJ%Q%_KO)*18[NWRK_P"/$5K5S_B7_2]4T/2^T]Y]
MHD'^Q"N_G_@6REAHIU8WV6K]%J_P0+<UM+L4TW2;2QC^[;0I$/?:`/Z5:HHK
M"4G)N3W8CSV_@;4?C/\`V<48P"QMKV<XXQ%)+L7_`+[93_P&O0JX7PKJ,^J?
M$[Q-<2!?LJV\$5H1U*(\JL?H7#?E7=5T5_=M3_E7XO5_=M\AOL%%%8?BN^N+
M;2DL]..+_4I1:6Y'5"WWI/\`@*AF_`5E2INI-074$KE;0-NMZ_?>(3\T"9L;
M`]O+1OWCC_><8SZ(*Z6J]A8P:9IUO8V:;(+>-8XU]`!BL_Q-JDVFZ4$L!OU"
M\D%M9IU_>-_$?91EC[+6T_\`:*RC#;9>B[_F_FPW91@/_"0^,GN,[M.T0M%&
M,<271'SM[[%.WZLWI7352T;2XM%T>WT^!F=84P9&^](QY9S[DDD_6KM17FIR
MM'X5HO\`/Y[_`#!A1116`C(\675M9^$-5FO+B*WB^R2@R2L%4$H0.37)?"FQ
MOKFR/B2[A-E#?V%K;V]JP^=DBCVB5_0MDX'IBH/&]M::[XXFLKQ8[F'2M`N+
MOR'.565SM5BO<@`]>F:[+PO*D7@;1I9G5$73H&9V.`!Y:Y)-=\E]7I*,=95$
MK^2O=)>MD[_<5LC9HKSW5_B7<W#+'X)TM=45IA;I>3N8X9I3_!%WD(Y)(PH`
M)S5__A)/&&E*#KGA(7L8^]/H]R)#_P!^WPWY$U3R[$1BG*R;Z.23^YO_`((<
MK.SHK-T'7K'Q)I2:AIC.8BS(R2(4>-U.&5E/0@]JTJX9PE3DX35FB0HHHJ`&
MR,$B9F.``237*?"X$?#;2B1PZR.ON#(Q!_(U?\;ZLVB>"=4O8N9Q`8X!ZR/\
MB#_OIA5KPUI0T/POINE][6V2-B.[`<G\\UW+W<&[_:DK?]NIW_\`2D5]DU*Y
M;P/_`*WQ+_V';C_T&.NIKEO`_P#K?$O_`&';C_T&.N$DZFBBB@`HHHH`X#PU
MX;A\0:?<ZAJ.J:R9WO[I#Y6J31J%6=U4!58````<5J3^"-(MH6FN=7UJ*)!E
MGDUJX55^I+U)X`_Y%J;_`+"5[_Z4R5>\3Z`?$.G0P)<_9Y+>X6XC+1B1&901
MM="1N7GIZ@'M0!DP>$-"N0YMM=U>81D!_+UV=MI/0'#\5$_AGPU$2)/$>I(5
M)!#:_,,$=?\`EIVK%'P>?9>1'Q#*L5\L:SF*V"/B/E-K!N/G`9N.<=J23X."
M9)Y9=7A:^NKB2XN;DV7^L9G5P-N_`4%3QWW4`;L?A7P]*VV+Q!JCMY?FX77I
MB=G][[_3WZ4R7P1X9U!/LT^L:E=*RK/Y3:W,V5!!5\;^@(!!]15/1_A:NDZ)
MJ.FB_MKA;Z&1/-DL%WQLX`8!MV?+PHPG&/7I45O\)C#HMSI4FMM+;WF!<3FU
M47.P@!HTE!RJ$*`!@XYY.:`-.7POX=A+>?XAU2/:_EMOUZ88?&=I^?K[5/-X
M)T>WC,EQK&M1(`6+/K<Z@`=3DOTK%N/AEJ5W8FUN]>M)5:Y%U(YTP!Y)!$(M
MQ._^Z,GU-7-;\!ZMXB^P75_KT<%[:6CVQ6"US`XD5EE)0MSN&S']W;[T`6/^
M$6\.E9&'B'5-L2AY#_;TV$4]"?GX'O2Q>$M`FG\B'7M6DFY_=IKLY;@9/&_T
M(_.L&+X+VUGJTE[IVJ+"K&)A;RVOFH63:<MEOFW,N3^'3`-:OAKX;OX9U^/4
M[75(I#]G6VE5K)0712"#N#<-U!;N-H_A%`&E_P`(#IO_`$$M=_\`!Q<?_%UF
M:KH$?AW5?#]SIVI:N6FU2."1)]2FE1T9')!5F(/05W=<SXR_X^?#7_8;B_\`
M1<E`'35#=_\`'E/_`-<V_E4U0W?_`!Y3_P#7-OY4`1Z7_P`@BS_ZX)_Z"*M5
M5TO_`)!%G_UP3_T$5:H`Q?&7_(BZ]_V#;C_T6U;58OC+_D1=>_[!MQ_Z+:MJ
M@"&[_P"/*?\`ZYM_*N.^#/\`R1OPW_UZ?^S-78W?_'E/_P!<V_E7'?!G_DC?
MAO\`Z]/_`&9J`.WHHHH`****`"BBB@#$\+_\>FH?]A.Z_P#1K5MUB>%_^/34
M/^PG=?\`HUJVZ`"O/OC$K/X:TJ-%+-+K-K&OH"S$#/H*]!KB?BG_`,B_I7_8
M<L?_`$<*WP_\3[_R8UN=M6#I.6\9>('Z!1;1_7"%L_\`CWZ5O5@Z'E_$WB.7
MH/M$,>/]V%>?_'JJC\%3T_\`;H@NIO5@>"<MX2M96SF=Y9B3WWRLV?UK8OIA
M;Z=<S$D".)GR.O`)K+\,`6/@73&D`41V,;MS_L`DT17^SR\Y+\G_`)AT(O!_
M[RPO[KJ+K4KF0'U`<H/T05T%8?@N%H?!>EA\[I(!,V>N7^<_^A5N4L4[UYV[
ML'N%<]:D7WQ`OI@<IIMFEL/9Y#O;_P`=6/\`.NAZ#)KG?!8,^DW6J./FU.\E
MN1G^YNVI_P".(OYTZ7NTYS]%]_\`P$P6QT59?B34VTCP[>7D8S,J;(%_O2L=
MJ#\6(K4KG=:4:GXKT?2^L5L6U&X'^Y\L0_[[;/\`P"EAXJ51<VRU?HM?QV!;
MF;X8T]=)\:W>GJ<_9M%LD+?WFWS9/XG)_&NTKF;'_DJ.K_\`8+M/_1DU=-6,
MI.<G)[L05S>E@ZUXMO-78[K33PUC9CL7R#-(/Q`3/^RWK5SQ/JDNF:,19X-]
M=NMK9J>\K\`_0#+'V4U;T?2X-%T:UTZUR8[>,(&/5CW8^Y.2?<UT0_=T7/K+
M1>G5_I]X]D7:YG1_^)_XDN-=<$VEGOL].YR'Y_>RCZL-H/HI]:L>*KVX%K!I
M.F/MU#5'\B-@>88^LDO_``%>G^T5K7L;*WTW3X+*RC$5O;QB.-!V4#`IQ_=4
M>;K+1>G5_/;[PV1/1117((*RO$&L_P!C:>K01?:+ZX<0V=MG!FE/0>P'))[`
M&K$^LZ9;6DUU/J%JD$#%)9#,NU&'52<\'VZU@:+-%J%]<>*-9FCMPD>RS@G<
M+]CMVY#N#]UY,`G/08'K731A'6I/X5^+Z+_/R\[#7<P/$'@G5=,TZ76])O;2
M;4QI]S'J3W:-BZ\P;F8%>5V[<*.F`!4.G:!=W_@S3;_Q[K,7]@VFGP2+IUDK
M1QR`(,>:V=S]AM&`3VKN-=OK2Y\/:G!;W4$LSZ?+(L:2`L4*'#8ST]^E<AX:
MN[76-)T&[UJZAL]'L;6$64-U((_MDZHH,I#$953PH]?F]*[:6,K3?M)NW*M[
M*^^B3Z/MV7DBE)G1>&=(DDG&MZG:K:RM'Y5C8A0%L8.RX'`=N"Q'LO:NFJE/
MK6EVLCI<ZE:0NF-RR3JI7/3()XS4]K>6U]`)[*XBN(B2!)"X=21UY%>=6JRJ
MSYG_`,-_7_!W);N<=,&\'?$-;A5(T?Q)((Y0HX@O<?*WTD`P?<5V]<G\2K<3
M>"Y95N(H)[6>&YMS*3AY$<,J#`));&T`#J:=H?CVQU&^BTK6+6XT/69`,65Z
MNWS#C_EF_P!U_P`.?:N^I2J8FA&O%7:NGZ*UG]SLWY:[E--JYU5%-=TC0O(R
MHHY+,<`5S4_Q$\,QZQ;:7!J27EY<3K`J6H\T*S'`W,.!^=<-*A5K7]G%NW9$
MI-[%3QA_Q-O%OAGP^.4:Y;4;E>WEPCY0?J[+^5=E7&^&?^)OX_\`$FMGF*U9
M-*MCUXC^:0CZNV/^`UV5=&+]Q0H_RK7U>K_-+Y#EV"N6\#_ZWQ+_`-AVX_\`
M08ZZFN6\'CR]7\5PKG8NL%@#V+01,?U)KA).IHHHH`****`.8\`?\BU-_P!A
M*]_]*9*B\$Z7XATZ[UEO$4[RI-<;K<M/Y@/+DLH_@4J4&WC[IX]9?`'_`"+4
MW_82O?\`TIDKSG4_BW'X4\8>(M*OO$6GVK1ZB6CAO;*YG9$,:8PR$*%SGCZT
M`>VUF^(;>:[\.WMO;)</+)$51;:7RY,G^ZV1@_B*\?\`^%_Z?_T->@_^"B\_
M^*H'Q_T_/_(UZ#_X*+S_`.*H`[?P/HOBW3M;GF\37+30FT2/=]J,BR.-NW:I
M^Z5`8,?XBW>N[KYPT?XN_$I+.0Z!X277M.DN9G@U'R)\3J9&.1EN`,X`[`8J
M]_PN'XO?]$W7_OQ-_P#%4`>P^-K76[WPQ+!X:E,5VTB;RI`<Q;OG"DD`$CCJ
M._(-9O@/2O$VG7&I/XHEW&4IM"W!D1G!;+1@\HFTHNT\_(3[GS`_&#XO$$?\
M*W4<?\\)O_BJ9X=^.D-AX;L+74/$^DQ744"K-'<Z9=R2(_<,P;#$'N*`/8/'
M6F:SJOAY;?PY=-;WGGHP(;:K#D?,P((`R&XR25`P037$7GACQ\?!M]:1W4\N
MJ/>V[13&\QDJ3YTW!&U'&,1]O2LC_A?^G_\`0UZ#_P""B\_^*JGJWQZM+C1+
MZ&W\5Z-YLEO(B>5I=XC[BI`VL6P#GH:`.EN'^*=N\:Z'I[V]HD:JMK<RV\YC
M.U0?WI?<_P`V\Y/)XK>OI-6?2/"`\0P^5J2:O`LYW*0["*3+#;Q@GM75Z`SM
MX;TQI&9G-I$69CDD[!R3WK)\9?\`'SX:_P"PW%_Z+DH`Z:H;O_CRG_ZYM_*I
MJAN_^/*?_KFW\J`(]+_Y!%G_`-<$_P#015JJNE_\@BS_`.N"?^@BK5`&+XR_
MY$77O^P;<?\`HMJVJQ?&7_(BZ]_V#;C_`-%M6U0!#=_\>4__`%S;^5<=\&?^
M2-^&_P#KT_\`9FKL;O\`X\I_^N;?RKCO@S_R1OPW_P!>G_LS4`=O1110`444
M4`%%%%`&)X7_`./34/\`L)W7_HUJVZQ/"_\`QZ:A_P!A.Z_]&M6W0`5RGQ$`
M/ARUR`<:I98_\"$KJZY_QK&DGA^/S%#;;ZU89[$3IS71AM:T5YC6YT%8/AS+
MZKXAFZ`ZCL`_W88QFMZL#PL=SZW)TWZK-QZ;0J_^RY_&G2_A5'Z?G_P`6S+/
MBN;R/!^KR`'(LY<8./X"*K:XQTOX>7@0@-#IQC7;P,[-HQ^-'C?GP?>1\9F,
M<0S_`+4BK^/7I1XS'F>'UM!UN[NWMP/]Z5<_H#6^'2:I)]9_ER_YC70U]/MA
M9Z9:VJ\""%(Q^``_I5BBBN!MR=V29'BN]>P\*:A-!_KFB,4./^>C_(OZL*O:
M;9)INEVME%]RVA2)?HH`_I61XC_TO6-"TP=);LW4G^Y"N[_T,I705T3]VA&/
M>[_1?DQ]`KG/"^[4+_5]<?E;JX^SVQ_Z8PY4$?5]Y_$5=\4:B^E^'+N>W/\`
MI+J(;<=S*YVH/^^B*MZ3I\>DZ/::?#REM"L8/K@8S^/6G'W*#E_,[?):O\;!
MT,2Q_P"2HZO_`-@NT_\`1DU=-7,V/_)4=7_[!=I_Z,FK3\1:HVD:)-<0J)+I
ML16L7_/29SM1?S(S[9K"$'4DH1W8MS.MLZWXVGNF`-EHH-O`>S7#C,C?\!4A
M?JS5T;,J*6<A549))P`*S]`TH:)H=M8^899(US+*>LLC'<[GZL2:S?%$KZC/
M:^&K21DDU`%[IUZQVJD;^>Q;(0?[Q/:NJ25:LH1?NK2_DMW^;^96[&^&E.L:
MA=>)YQE+D>1IX(^[;`_>^KM\WTVUTM-BC2&)(H45(T4*JJ,!0.@%.K"M4]I.
MZT73R703=PHHK"\2:I<Q&#1]&9?[6U`$1L1D6\8^_,P]%SP.[$#UJ:5-U)J*
M_KS^0)7/-KCPSJ>N>/\`5KS1K,QV*:O"-8AE=#%J$:&,@*O(WIAB22,Y`/-:
MVB^'_$$?C275M8TMKFR\20RPZM9R;"MHJMB#/SD.-F5.T=\UZ)I.E6VBZ5!I
M]DI$4*XRQRSD\EF/<DDDGU-9WB#5;E9XM%T0C^U+Q2?,(RMK%T:9A[=%'<^P
M-;M>VFJ=/X5W_%O^NRZ#WT1Y#)INO1^$=<T;1+.\@EMG>TNM0E>*22WL5R88
M$8-@[8^6&<C/<FH[7PEXOUSP3X=TD6<K+8PW*0:C.(766WF@Q&&!8D?>*$@9
M``8<\5[!>Z5:Z+X"U"QL5(CCLIB68Y:1BC%G8]V)R2?4U8\)?\B5HG_8/@_]
M%K6=:I%VA#X5MY^;]?P6@FSSR?PYJ6H:7X@5O",MO)/H$%E91320RE9D21"H
M?=V$@^8XR`?I7>Z:]EX7\%VTVH11Z;'!;(UPH4#$FT`\+U8GCC.36O=W=O86
M<MW>S)!;PJ7DD<X"@=S7.Z=:7?B348=:UF)K>Q@;?IVGR#G/:>4?W_[J_P`(
M/KT=*DI)SGI%?CY+S_($A^E:=<ZYJ,6OZ_;-`8LG3K"0Y^SJ?^6CCIYI'_?(
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M%A_Z3PUD(ZBBBB@`HHHH`X3P]JNH>'K&YT^Z\,:S.ZWUS()+>.)D=7F=U()D
M!Z,.U5+^S\.:K?RWNI?"Z]NKJ8YDFFTZW9W.,9)+\\"O1J*`/,?[$\(_]$EN
M/_!9;?\`Q=']B>$?^B2W'_@LMO\`XNO3J*`/-5TSPPBA8_A;?(HZ!;"``?AY
ME07R>$=,L)KV_P#AK?0VT"%Y9#80D*HZGB2O4:YGXD?\DUU[_KS?^5`'.?V?
MX:(_Y)A?_P#@#!_\<J+^Q/"/_1)KC_P66W_Q=>F1?ZE/]T4Z@#S'^Q/"/_1)
M;C_P66W_`,71_8?A`_\`-);C_P`%EM_\77IU%`'+Q^+)H8DBB\'Z^B(H556"
M(``=`/WE4-2U&_\`$.J:%##X<U>T6VU-+F6:ZCC5$14<'D.3U8=J[>B@`J&[
M_P"/*?\`ZYM_*IJAN_\`CRG_`.N;?RH`CTO_`)!%G_UP3_T$5:JKI?\`R"+/
M_K@G_H(JU0!B^,O^1%U[_L&W'_HMJVJQ?&7_`"(NO?\`8-N/_1;5M4`0W?\`
MQY3_`/7-OY5QWP9_Y(WX;_Z]/_9FKL;O_CRG_P"N;?RKCO@S_P`D;\-_]>G_
M`+,U`';T444`%%%%`!1110!B>%_^/34/^PG=?^C6K;K.&A6*/*T2S1>;(TKB
M.=U!9CDG`/<T[^QK7^_<_P#@3)_C0!?KF/B#,\'A%I8CAUO+7!QG_EX2MC^Q
MK7^_<_\`@3)_C6#XUT6U'@Z_DS.QA595#SNPW*X8<$^HKHPO\>'JOS&MS/U^
M;QY_PD<L.C[DTU[N-8YEAB<I%Y:[SACS@^9C/\6T=*G^%]OK4>AWMQK]Z+B:
MXO)6,?E*C1.&(?)7@DD=A@8KI_['MCSON>?^GF3_`!K#\(Z5;SZ$\[-<#S;R
MY<`7#C`\YQZ]>*(?P9OS7ZAT+GBXEK+3H`<>=J=JO3)P)`QQ^"_SI/$G[[5_
M#UH!G?J'G'Z1Q.W\\54U_2[<ZQX?MD>Y)DOBY'VASPD3G.2>.<4EWI=M+X\T
MVV#W!$%E/.V;A\@ED0=^/XJZJ6D8>DG^#7YHI'6450_L:U_OW/\`X$R?XTAT
M>U`R9+D`?]/,G^->:09UF?MWC_4)QRFG6D=JO^_(?,?]!'70UR/@[2H+S19=
M3D:X#:C=2W(Q.X^0MM3///R*M;_]C6O]^Y_\"9/\:Z<5I4Y/Y;+[M_QN-[F9
MJJC5/&6E:=UBL5;49AVW#Y(A^9=O^`UT5<AX5TR#4CJ.LR-<;;VZ9+<_:'!\
MB+Y$[]R&;_@5=!_8UK_?N?\`P)D_QIXGW9*E_*K?/=_CI\@?8YF^-ZOC3Q(V
ME%A>C1K8P;5#'?OFQPW'7UKD)I?'_B'QNMI&1%;Z=>2?Z2;=&2UD:-MG&<.`
MC(<GG+D5W^LZ=I>A6=]KGE7#W7DK'Q<R;IB"?+C^]W9L?C4F@^%X]/T:&*]E
MG>\DS+=2)<.`\S<L>#Z\?0"E3_=TW5ZO1?K^&GS!:*YL&86&EF;4;A2+>'=/
M.5V@[1EFQVZ$XK'\*6\UQ%<:_?HZ76JE9%C?K!`/]5'['!W'_:8UGZUI<&K:
M]:^'X&N6MU`NM1;[0Y'E`_)$>?XV'_?*GUKHO[&M?[]S_P"!,G^--_NJ/+UE
M^73[WK\EW#9%^BJ']C6O]^Y_\"9/\:/[&M?[]S_X$R?XURB'ZMJEOHNES7]X
M6\N(<*@RSL3A54=V)(`'J:S_``WI=S`)]5U@`ZKJ&&F`.1`@^Y"OLH//JQ)K
M'TW3(/%&L?VF6N#H]BY6Q4SN?M$PR&GZ]!RJ_B?2MR_M=,TO3Y[Z_N+B&W@0
MO([7,G`'X\GVKLDG2C[&*]Y[_I'_`#\[+H5MH2Z]K2:)8"41-<W4SB*UM4/S
M3RGHH]!W)Z``FHO#VC2:9;RW&H2K<:I>L)+RX`X+=D7T11P!^/4FLG0?#K:A
M<'7=:2YBGD4K96K3OFSA/8G/WVX+>G`[<[_]C6O]^Y_\"9/\:51JE'V,=_M/
M]/1?B_1">F@SQ'_R*VJ_]>4W_H!KBKV]\26/@319M`9DMTT:%YY0D9\O`CRP
M+G&=F[@\5V5YH6FS6,\5ZTYMGC99@]U(%*$?-GYNF,US6FZ-;>*FC80SQ>&+
M8*MK!),_^FE?NN5)XB&/E'\74\8SG2I<]Y2TBMW^B\W_`,'8$BCX3TWQ/XL^
MR:KXTNX7TV)S+!IZP;1.^!ME/0[`<E58$]"<\5Z15#^QK7^_<_\`@3)_C1_8
MUK_?N?\`P)D_QJ:M5U+):);+M_P>[!LOTV66."%Y9G6..-2SNYP%`ZDGL*RK
M^UTO2[":]U"ZFM[:%=TDCW4@`'Y_I6#:>'Y/%,HN]8BNK71P0UOILLS[[CN)
M)@3P.X3MU;T%4Z/,N>;M%=?T7=_TP2+&;GQPV%\VT\-\'<,I+J(]!W2+\BWL
M.O4P00VMO'!;1)%#$H5(T7"J!T`'854_L:U[/<@>US)_C1_8UK_?N?\`P)D_
MQHJUN=*,5:*V7ZON_/\`):`V7Z*H?V-:_P!^Y_\``F3_`!H_L:U_OW/_`($R
M?XU@(OUR_A+_`)#WBS_L+#_TGAK9_L:U_OW/_@3)_C4%OX9TVUFN9;=)XWNI
M/-F9;F3YWVA<GYO0`?A0!Q^H7?Q"31D-K'*UX5.XK#"<'SI`O&<<IY6[T7)'
M-=MH5OJEKH\,6O7L=]?#)EFBB$:G)R`![#C\*7^QK7^_<_\`@3)_C1_8UK_?
MN?\`P)D_QH`OT50_L:U_OW/_`($R?XT?V-:_W[G_`,"9/\:`+]%4/[&M?[]S
M_P"!,G^-']C6O]^Y_P#`F3_&@"_15#^QK7^_<_\`@3)_C1_8UK_?N?\`P)D_
MQH`OUS/Q'_Y)KKW_`%YO_*M?^QK7^_<_^!,G^-07OAG3=1L9K.]6>:WG0I)&
MUS)AE/;[U`#M3;4$BTXZ9N(^TH+D*JG]T5.[KTP<'CFL/38_&%VUHMW>FS"1
MV\L[26T;>:07$L?!^4D;#GH.U=`-%M0``]S@?]/,G^-+_8UK_?N?_`F3_&@"
M_15#^QK7^_<_^!,G^-']C6O]^Y_\"9/\:`+]%4/[&M?[]S_X$R?XT?V-:_W[
MG_P)D_QH`OU#=_\`'E/_`-<V_E5;^QK7^_<_^!,G^-(VB6C*59KD@C!'VF3G
M]:`)M+_Y!%G_`-<$_P#015JFQ1I#$D4:[410JCT`Z4Z@#%\9?\B+KW_8-N/_
M`$6U;58OC+_D1=>_[!MQ_P"BVK:H`AN_^/*?_KFW\JX[X,_\D;\-_P#7I_[,
MU=C=_P#'E/\`]<V_E7'?!G_DC?AO_KT_]F:@#MZ***`"BBB@`HHHH`****`"
ML3QFA?P3J^,?+:NW/L,_TK;K)\5QM+X.U=$&6-E+C_O@UOAG:M!^:_,:W-.)
M_,A1P,;E!Q^%8G@G+>$;5S_RT>:3'INE<X_6M6RF632K>=,[6A5QGK@J#67X
M)4KX*TPG^.'S..VXEL?K5VM1FO[R_*0=!NJ?O?&V@QC)\N*YF/I]U4S_`./_
M`*T6G[_X@:E)VM;&"'\69V/Z!?TH?]Y\1H01GR=*<C/;=*HX_P"^/Y4>'?WV
ML^(KO^_?"$?2.)!_,FNAZ4O2'YRO^0^AOUC^+;M[+PI?R0?ZYXO)B_WW(1?U
M85L5S_B'_2];T'31T>Z-W)_NPKD?^/LE<N&2=6+>RU^2U?Y"6YL6%FFGZ;;6
M</\`J[>)8E^B@#^E9WBN^EL/#=R;4_Z7<8MK8=S+(=BX^A.?PK9KG=07^U/'
M&G676'3(FOI1V,C9CB!_#S#^`IT/>J\\]EJ_EK^+T^8+<V=.L8M,TRVL;<8B
MMHEB7Z*,59HJGJVI0:/I%UJ-V3Y5M&9&`ZMCH![D\#ZUC[U2?=O\V+<Q[T'7
M/&=M9*V;/1P+JY'9IV!$2'_=&Y_Q6MG5-1M](TJXO[QML-NA=L=3Z`>Y.`/<
MU1\+:;+8:/YMZN+^^D-W>>TC\[?HHPH]EJE??\5#XMBTU</8:25N;P=GG/,4
M?_`?OG_@%=KC&=3DO[D%K^OWO1>J*ZEOPOIMQ9Z?)>:F@74]1D^TW8!SL8C"
MQ@^B*`OX$]ZVZ**XZE1U)N;Z_P!?@)NX5S.OW$NM:D/#&G2,BN@DU.XC.#!`
M>D8/9Y.0/1<GTK1\0ZR='L%-M$+B_N7$-G;9_P!;*>F?10,DGL`:7P_HHT73
MC'+*;F\G<S7=R1@S2GJ?8#H!V``K>DE2C[:6_P!GU[^B_%^C!::FA!##:6L<
M$"+%#"@1$48"J!@`>V*YBU'_``F6K)?R`G0K&3-FAZ7DRG_7'U13]WU/S=A3
M]7ED\3ZI)X>L9&2P@Q_:MRAQD'D6ZG^\P^\>RG'4\=+##';P)#`BQQ1J%1%&
M`H'``'I57="/,_CE^"?7U?X+7JK/8?02%!).`.I-%<G/*?&]W)96LDB^'X&*
MW4Z''V]QUB0_\\Q_$PZ_='&:PI4O:-MNT5N_ZZOHOTU$D(?-\<7>%8IX:@?E
ME/.I.#T_ZX@C_@9'IUZP`*H"@`#@`=J2**."%(H46.-%"HB#`4#H`.PIU.M5
MY[1BK16R_5]V^K_2R!L*HZOK%GH>GM>7\A5`0J(@W/*YZ(BCEF)Z`5#K>O6^
MB01[T>YN[AMEM9P\R3MZ`=@.I8\`=:IZ1H-PU^-:\1R)<ZH05AC3F&R0_P`,
M8/4^KGD^PXJJ=**C[2K\/3N_3R[O\WH"75D5AH]YK-_%J_B>,)Y+%K+3,ADM
MO1W[/+^BYXYYKI:**SJU95'KHELNB_K\>H-W"BBBLA!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`&+XR_Y$77O^P;<
M?^BVK:K%\9?\B+KW_8-N/_1;5M4`0W?_`!Y3_P#7-OY5QWP9_P"2-^&_^O3_
M`-F:NQN_^/*?_KFW\JX[X,_\D;\-_P#7I_[,U`';T444`%%%%`!1110`4444
M`%9_B!6?PUJ:H"6:TE``[G8:T*JZH"=(O``23`^`/]TUI2=IQ?F-;E739E7P
MC:3K\ZBQ1QCN/+!J+PA&8O!>CJ2"?L<1X]U!J#3YEC^&MM,N'":2K<'KB&KW
MAN,Q>%=*C)R5LXAD?[@KIJKEA-?WORN-E*Q_>^/]6?C]S96T?ORTC?A1X,_>
M:%)==[N]N9R?7,K`?H!5>QN!!JGBR_S\L,B+D#CY(%)_'FK_`(1MS:^#=)B;
M[PM(V;ZE03^IK6OI2?\`VY_Z3J-[&Q7/V7^G>/=2N.J:?:QVB?[[GS'_`$\N
MM\D*I+'`'))KGO!(,VA2ZDX(?5+J6\Y_NLV$_P#'%6N:E[M*<_1??K^29*V.
MBZ#)KG?"!-_#?ZXXYU.Y9HO^N"?)'^84M_P*I_%UW+;>')HK1MMU>LMG;^N^
M0[<_@"3^%:MG:16%C!:6Z[8H(UC0>BJ,#^5->Y0;ZR=ODM7^-ON#H35S>KEM
M9\56.C(`UI9@7U]Z$@XAC/U8%L?[`]:W;Z]@TZPGO;QQ'!;QM)(Q[*!DUD^$
MK*>+3)=1OP1?:I*;N8'K&"`$C_X"@4?7-%']W&5;MHO5_P"2_&P+N7->U=-$
MT::]9#)(,)#$.LLK':B#ZL0*9X=TI](T=(;F02WDK&>[F`_UDS<L?IV'L!6=
M'_Q4/C)I,DZ?H;%%&/EENV7D^^Q3C_>8^E=+3J?NJ:I=7J_T7W:_/R!Z*P5%
M<W,-G:2W-U*L4$*%Y)'.`J@9)-2URUY_Q5FOMIR<Z-IL@-ZW:YG'*P^ZKPS>
MIP/6LJ--3=Y:16K?E_F]D"1+X?MIM6OV\3:G$T;2H8]/MW'-O`>=Q'9WX)]!
MM'8U-XAU:Z2:'1=$(.K7BDAR,K:Q9PTS#VZ*.[8[`U<UW68]%L!+Y37%S,XB
MM;9/O3RGHH]/4GH`":A\/:*^EPS7.H2K<ZK>L)+RX`X)[(OHBC@#ZGJ373S)
M_OYK3:*]/T77N_G9^9;T?2;71-+BL;)3L3)9W.6D8G+.Q[L3DDU=HKF-3O+K
MQ%J$NB:)<F"U@;9J5_$?FC_Z8QG^^1U;^$>Y&.>$)5YN4GYMO^O^'8MQE[<W
M'BR_FTG36:+2(&,>H7JD@SD=8(C^C-VZ#G..FM[>&TMH[>UB2&&)0D<:#"JH
MZ`"F65E;Z=8PV=E$L-O`@2.->B@5/3JU5)*$%:*_J[\_RV!L*QM;U\:=-%8:
M?!]NU:X'[FT5L;1WDD/\"#U[]!DU#K&O3F^.C>'HTN=489D=^8K)2.'D([^B
M=3[#FK>B:#;Z+#(PD>ZO;@AKJ\FYDG8#J?0#LHX`Z5<:<:454J]=EW\WV7XO
MIW#;<AT/0#I\KZAJ<_V[6+A0L]T1@*N<^7&O\*#TZGJ<FMJBBL*E2527-(6X
M4445F`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`8OC+_`)$77O\`L&W'_HMJVJQ?&7_(BZ]_V#;C_P!%M6U0
M!#=_\>4__7-OY5QWP9_Y(WX;_P"O3_V9J[&[_P"/*?\`ZYM_*N.^#/\`R1OP
MW_UZ?^S-0!V]%4[G5;.TN/(FE(E"ABJQLQ`/0\`^E1_V[8?\])?^_#__`!-9
M.M23LY+[S54:K5U%_<:%%9S:_IR#+S.HR!EH7`R3@=JT:J-2$_A:9,J<X?$F
M@HHHJR`HHHH`*9-_J)/]T_RI]%-`<C92^3\'4D`W;=')QGK^Z-='I,7D:+91
M$[O+MXUSZX4"N2A?RO@K*0,_\2^50/KN']:[2VC\JUBC)SL0+GUP*]#%Z*7^
M.7X6_P`RF<3<3,G@SQ=.I):XO;B)#CKG;",?ECZUVT$*V]M%"GW8T"#Z`8KA
M8C]H\$6,9!)U/6LMGJP-TSD_]\I7?4\;HN7^]+\++]&.1C>+KN2T\)W[0']_
M+'Y$/^_(0B_JPK2LK5+'3[>TA_U<$2Q+]%&!_*L;Q!_IFOZ#IHY!N6O)!_LQ
M+Q_X^R?E6^S!5+,0`!DD]JYI^[1A'O=_HOR?WD]#G;M3JGCVRM^L&D0-=2#M
MYLF4C'X*)#^(KHZYWP=F\L+O6Y`0^K7+3IGJ(1\D0_[Y4'_@5;\TT=O!)/.X
MCBC4N[MT4`9)-/$W4U27V5;Y]?Q;!]CG?$)&L:W8>'`-T+XO;[CCR4;Y$/\`
MON!^"M5[Q+JLNEZ3_H*"34+IQ;V<9_BE;H3[*,L?9357PC#-<6EQKE[&4N=6
MD\Y4/6.`<1)_WSR?=C46E#^W_%%QK3@-9:>6M-//9VZ32C\1L!]%;UKH<8QE
MRR^&GOYR[?-Z?X5<K]#8T72HM$T:WT^!F<1+\TC_`'I')RSGW))/XU>HJEK&
MJV^BZ5-?79.R,?*BC+2,3A44=V)(`'O7#[]:?>3?WMD[F=XDU2YC:#1M&8#5
M=0!"/C(MHA]^9OIG`'=B!ZU:@ATWPGX;VEQ;V-E$6>20Y)[EF/=B>3W)-5_#
MFE7%LL^J:QM.JWY#SX.1`@^Y"I_NJ#^))/>J%N/^$SU=+V09T&PES:J>E[.I
M_P!:?5%/W?4_-T`KMY8V]G?W(ZR?=^7Y+YON,LZ#97.HWW_"1:S$T5Q(A2QM
M7ZVD)]1_ST;@MZ<+V.>BHKG=:U2^N]0.@^'2%O"H:ZO2NY+&,]#CO(?X5_$\
M=</>Q-331+[DOZ^;?=L6[&:KJ=SK.I2>']`E>)DP-0U"/I:*?X%/>5A_WR#D
M]@=O3=-M-(TZ*QTZ%8;>(851^I)[DGDD\DTW2=*M-%TV.RL(]D29)).6=CRS
M,>[$\DU<Z#FE5JIKV=/X5^+[O]%T^]L;Z(*YK4=8O=8OI='\+N$:,E+W4RNY
M+0]T0='EYZ=%[^E13W]WXNG>RT*=[71U)2YU2,X:8@X,<!_,&3M_#D\CHK"P
MM=+L8[/3X$M[>(82-!@#_$^_>K48X?6:O/MV\WY^7W]F]B'2-'L]$L?LU@A`
M+%Y)';<\KGJ[L>68^M7J**Y92E.3E)W;)"BBBI`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#%\9?\`
M(BZ]_P!@VX_]%M6U6+XR_P"1%U[_`+!MQ_Z+:MJ@"&[_`./*?_KFW\JX[X,_
M\D;\-_\`7I_[,U=C=_\`'E/_`-<V_E7'?!G_`)(WX;_Z]/\`V9J`.AU5Q87]
MIJ`!VLPMI54\L&/R\=\-^A-:U5M0LUOK)X'9D)PR.O5&'(8?0TS2;TW^EPSN
M5\TC;*H_A<<$$=OI7/'W*KCT>J_)_H=$O?I*75:/]/U,'Q+%;W7BK1+?59GC
ML"DSJ-[(K7`V;,L".0-Y&:UO(U.Q&;2<7\0_Y97!VO\`@XX/XC\:;K,$%Y>Z
M?9WJ*]M+(S,C='95^4?J3^%1RZ/=VL3MI=_.HB!:WMF(*`G^$D\E?0=LTJ]6
M=1I*/P*UT]>^VW7SU-J:BH13EOT:TWMONG^G4M0:S;23""X#VEP>D5P-I;_=
M/1OP-:%9T-S!JGFV=[9LDB*#)!.H88.<$$9!'!IHTN>SYTJ\>-1TMY\R1_0?
MQ+^!_"B%2=KKWE]S^Y_\#T,I4X7L_=?WK[_^']33HK,759X?DO\`3KA'`^]`
MIE1OH1R/Q`IW]N68&2+D#WMI./\`QVK]O3ZNWKI^9'L*G17]-?R-&BLN;Q)I
M%M"TMS>I#$OWI)59%'U)&*CDU(ZAJ$%MI-\@&QWE98]^,8`Z],Y-$J\%&Z=[
MZ:6_KJ-4*C>JMZIG-M\OP=N8UZ'SH5S_``@SLH_+/Z5W$K^3;.YR=B$\>PKS
MM[>_7X=W4"WT;1?V@\`#P<C-WC.0??-='XAU"[TK1-0.I/'+;R6<VR:.,IL<
M(<*W)X/8^M>IBJEY)232<Y=NO+YC]ES:1:;^?^1DZ5'NT[P-:$??W7;8YY$+
M')_&0?C7=UR6EQ`>)M%ML@_8M#W<#C+M&O\`[(:ZQF"J68X`&23VIXV7--?-
M_?)O\C&1@6'^G>.]4NNJ6%M%9H>VYOWC_H8Z?XPN)$\//9VS%;G49%LH2.QD
M."?P7<?PJ+P0IE\/MJ+C#ZG<RWAS_==CL_\`'`M),#JGQ`@CZP:-;&5O^N\O
MRK^2!C_P(5;26)=]J:_])_SE^8^OH;UM;16=I#;6Z!(84$:*.R@8`_*L#Q2?
M[5N;+PU$Y'VYO.N]IY6V0@L/^!':GXGTKHV940LY`51DD]A7.>%?^)BUYXFG
M78=1(6VWC!2U3(C^F[+/_P`"'I6%!N/-7?3;_$]ONU?R$NY-XIOIX+*#2M+<
M)J.IO]GMR/\`EDN,R2_\!7)^I4=ZU=/L+?2]-M[&RC$=O;QB.-1V`%8?AL'6
MM2NO$TO,4X^SZ<",;;=3R_\`P-AN^@6NEHK_`+M*BNFK]?\`@;>M^XGIH!.!
MD\"N6T[_`(JO7%UB3G2;!V73D/2>7HTY]0.53\6[BGZ_/+KFI#PSI\C(C()-
M3GC.##">D8/9WY'LN3Z5+K>H26*6OA_PXD::C<Q[80%^2SA'!E8>@Z*.YP/6
MM:5.4%9?%)?='JWZK\/5#2(-8FE\2ZI)X=T^1DLH<?VK<H<'!Y%NI_O,/O'L
MI]2*Z6&&*V@C@MXUCBC4(B(,!5`P`!Z54T?2+;1-+CL;,,43+/(YR\KDY9V/
M=B>2:H:[KDUO<QZ1HD:W.L7"[E5ON6T?0RR'LH[#JQX'<C.7[Z2I4OA7].3_
M`*T6@;Z(;KFL7+WJZ'X?=#JLJ;Y)67<EG$>/,8=S_=7N?8&K^BZ-;:'IXM;4
MNY9C)--*VZ2:0_>=SW)_^MTINAZ';Z%9-%"SSSS-YES=2G,EQ(>K,?Y#H!P*
MM7^H6FEV$M[J$Z6]O"NYY'.`/\3[=ZF<TTJ-';\9/^ME^HO)$LTT=O"\T\BQ
MQ1J6=W.`H'4D]A7*YN?'#`CS;3PWP0>4EU'^JQ?JWL.KX+"[\73I>:[`]KI$
M;![73)!AI_22<>G<1]NK9/`ZH````8`Z`5=XX;;6?X1].[\^G375/89##%;0
M)#;QI%%&H5$10%4#H`!T%/HHKB;OJR0HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`Q?&7
M_(BZ]_V#;C_T6U;58OC+_D1=>_[!MQ_Z+:MJ@"&[_P"/*?\`ZYM_*N.^#/\`
MR1OPW_UZ?^S-78W?_'E/_P!<V_E7'?!G_DC?AO\`Z]/_`&9J`.WK*L_-MO$=
M]#(J>7<JL\3*>>`%8$?E6K6?J-I<&YAOK`(UQ`&4QN<"5#C*Y['@$&L*R=E)
M='?]'^#-Z+5W%]5;]5^*&ZUPEB>,_;8L`]^?\G\*TJS/-MM=L9K8^9!*H&]'
M4K)"W53^!&01P<4MC?3I<"PU0*MUMS'*@PDZCJ1Z$=Q^/2HC4BJG-TE:S\^W
M]>FY<J<G#EZQO=>7?^O78:S?9/$P,@&R^A"(W<.F3C\0<_A6I6?K4<ALEGA7
M>]K(L^S'WPO4#WQFKL$R7%O'-"VZ.10RGU!&15T_=G*'S7S_`."14]Z$9_)_
M+_@#Z***W,#.\060U'PWJ-F8Q(9K:1%4C.25./UQ2Z#=K?\`A[3[M6W>=;1L
M6ZG)49_6M"L#P.,>"]//0,K,H_NJ78@?@"!^%=*UP[OTDOQ3_P`D/H83Y/A6
MYLQCYO$/DAO0&[#9_6M[QNV/!.IKQ^\B\KG_`&R%_K6"Q(M9;?`R?%2C=]9%
MD_EQ6[XQ^?1K>WS_`,?-_:Q<#G_7*3C\`:]"?\>G_BO^1?5&5IN=(\8ZR\<,
ML]C:P6\&X-N:W7#.0!U*C<#ZCTQ6QXLO3'X/O'LW#2748@@93U:4A%(_[ZS3
M/#.)[G7KEN?.U.1,^JHB)_-368_[_6M'T'YL6E[+<NAY*Q1#,7X9=,?3VKSX
MKV>,C!_"DM.W+%-KYV9L[5(N3W6_F=5;00Z;IL4"$)!;1!`3P%51C^0K&\&A
MKG29M8F4K)JT[78#=1&?EB'_`'PJ_G3_`!C*[:$-.@8K/JDR62$=0'^^?P0.
M?PJ[)J6G:4([+>%,2!5AB4L44#C(&<#%*=2-+#N4W9R?7LO\W^1C&$IZ15V9
MWBV66[BM-`M&*S:K(8Y64\QVZ\RM^(PH]W%1^)6^T+9>%M.)A:_4B9HN/(M4
MQO(],\(/][VJAH&NZ7J&M:CXAN;U$653!9B3("VT62SC(_B8,WT5:T_"L$MV
M+GQ#?(Z7&J$-%$_6"W7/EI[$@EC[M[5U1G"G'1WY/_2WT_[=Z^GF.4)0^)6-
M^**."%(84"1QJ%15&`H`P`*S/$.LMI%B@M8A<:A=/Y%G;YQYDA]?10,LQ[`&
MM&ZNH+&TENKN588(4+R2.<!5`R2:YG3)%87/C+Q"?LL?DG[)%*,?9;;KDC^^
M^`3W^ZO:N>A3YG[2:NET[OHO\_+S:,TNI(OD^"?#F9-VH:I>39.WB2^NG]/0
M<?157VJ]X>T6338IKO49%N-5OF$EW.!QGM&GHBC@#ZGJ3530;&YU/4/^$DUJ
M%HIW0I8VC];2$]R/^>C\%O087L<W=>UU=*2&VM8_M6IWA*6EJ#RY[LW]U%ZL
MW8>Y`K>HYRDZ,=9/XG^GHNO3Y)#?8;KVMRV!AL=*@6[U:[R+>!CA4`ZRR'LB
M_F3@#DU+H6BKH]M(9IC=W]RWF7=VZ@-,_P!.R@<*O85'H&@_V4)KN]G^VZK=
MX:ZNV&-V.B*/X47LOXGDDU6\1>,].\.SQVDZ33WT^!;VT:X,I/\`M'``]2>!
M6%2I&*5&D]]WW?Z)?\%^51A*?NP5S3UC6;/0[!KN_<A<[8XT&YY7/1$7JS'T
MK(T_1[S5]0BUCQ.@5X6WV6FAMR6OH[]GE]^BYP/4X]A#JDWB6TUFXQJMP=T<
M@A3,%DA_AA8XR?[S]3CL.*[VLX8FG'FA1U:T<NG_`&Z^W=[O;1;W4I2I)7Z_
M>O7L%%%%8F`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`&+XR_Y$77O^P;<?^BVK
M:K%\9?\`(BZ]_P!@VX_]%M6U0!#=_P#'E/\`]<V_E7'?!G_DC?AO_KT_]F:N
MQN_^/*?_`*YM_*N.^#/_`"1OPW_UZ?\`LS4`=O1110!G:I:2[TU"P7-Y;@@+
MVF3NA_F/0U'=DZQI,-UIFTSQR++")<KAE."K>G&0:K_\)7;&RGG^R7@>`E6C
M,)^\.Q(X'XUD^']9UQM($D&AQWJ/*[F6&^09RQ.,,!R,XY-<5/V>)JNG3DO>
M5WJEV5U>VO\`DCT73JTJ:G-:Q=E^+MZ?YLZBPNQJ-CYCQ&)LM'+$Q!*,#@@U
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M[//@MHXI-ARNY5`./RKT)P<,.K]7??I8GH<@P/\`:+VY&&/BE6)]O)#C]!6]
MXG_>7>@VXR?,U-'('HB._P#-16&?F\8&V/RL=?$ISZ"RR/SY_*M#QA<M;:GI
M<JYQ;PWEUUX&R`@'Z_/_`#KODG*K32_E;_!_Y%=47/!67\+0W+?>NY9K@GUW
MRLP/Y$52CLWU3QSJM_:S&WFT^&&SBD`RK$YD<,.XPR#VK8\.P#3_``GIL,A"
MB&SC#GTP@R:S_!SA?"S:K<G9]OEFOY&;LKL2OY(%_*N*M&,_;3[NR^;OI\E;
MYA&3BW)&1<ZX?^%@V\.KQ_/IULX@2V#.)[B09X]"(QW_`+_6KNJF[M=$BTQ/
MDU;7KAHV9#DQ*V3(^?\`8C&![XJA\-XI-9-[XMNT9?[0FD^QJXY$1;EOQVJ/
MH@]:OP:C`VHZOXKU"3&G:?&UI9G&<JI_>N/4LX"C'78/6M9X7V>)2;YO9)*W
M][MYZ_\`MQK*HK.*5N_^0W7=-MM6EL/!EI&$L8HTFO-AYBA3B-!Z%F'_`'RK
M5O6-Q<07K:=?N)'">9!-@`RIG!R/[P..G7(JKX6TZXMK&6_U-`NIZD_VBY`_
M@XPD?T1<#ZY/>J/C.\N-]II^AAFUN7=)$T>"8(1Q)(<]L'`'=B/0UR8B$IU%
M&D_AW?1_S-_H][)"IR3_`';V?X/^M_(6[_XJS7FL%YT;3)0;MOX;JX7D1>ZI
MP6]3@=C20?\`%8ZLEVXSH5A+FW4]+V=3_K#ZQJ?N^K#/0"J,26^K6T/A7PTT
MD.EVZ#^T[D9#@'DPY//F.<ESU`)[D5T>J:G9^&M(B$<&X_+!9V4``:5\86-!
M^'T`!/05VN22C&CNU[ODG]KUE^"^36;3B[=0UW78M%MXPL3W5[<MY=I9Q??G
M?T]E'4L>`*AT/1FT]IM3U>2.;5[M1]IG!^6-1TBCST1?U.2>33=!T6ZAN9=7
MUV5)]6N5VD)S':Q]1%'[>IZL>?0#F/%?B.Z\0:HWA;PK;"ZN1D7<DJD1VWHY
M/L>@[_2N&O55&#I4=6]WW_RBOQ??1&M&C[65KV75G2:_XLM=)"VUF8[S491F
M.`/A8U_YZ2-_"@_,]`":R]`\)"^N)=9\3,]_>SG:IE0HNP'(`3^%<]%/U.2:
MTO#?@K2O#UK&4A$]\0&GNY"2TL@'WN>![#L.E=%6$_?C[/[/7^]Z^2Z+KN^B
M3]I&E?V5[]_\O\Q%540*BA5`P`!@"EHHH.4****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`Q?&7_`"(NO?\`8-N/_1;5M5B^,O\`D1=>_P"P;<?^BVK:H`AN
M_P#CRG_ZYM_*N.^#/_)&_#?_`%Z?^S-78W?_`!Y3_P#7-OY5QWP9_P"2-^&_
M^O3_`-F:@#MZ***`,R_LYX[V._TZ%9)?NSQ&38)EQ@>V1[U)IUY9/:.+>,6H
MA.)(63RS&>O(_KWJ_5"]T33M1F\V]MEE;;LR21D?A^//N:YI4YQDY4K:]'_G
M;[^YTQJ1E%1JWTZK_*_W=A;RTMM8L497ZCS()XV(*$CA@11I-\U[:8G5DN82
M(YT88P^/Y'K^-4K:YFT/99ZB"]H"$M[I5)`'0+)Z$>O0^U0:O87%AJYUZSG(
M1$5;BW[2+G!/X`_I6$JKC^]2U7Q+]?E^*-U24OW3>C^%_I\^O9FCKMDU]I$T
M<4:R2#:P0_Q[6#;<^^,5+8:I::@N+:4>8J@O$>'3V*GD5<K.U#3YY;N*\T^6
M*&YC1H\RQ[E*MCT(Z$`UT3C*,_:0UV37^7WG/"490]G-VW:?^?W&;XW@V:"=
M7@=8KW26^U6\I'<?>0X_A=<J?J#VKHD)9%+#!(R1Z5R5YK]SK,-QH.FZ>EWJ
M!5H+UY@?LMN#P2Q_BR.0@Y]<=:BM]&_X0BXT;^S;F:2SN)$LKV&5RPD=EPLP
MSG:VX8.#@@^H%>O3C&OAH+FUU<5W5K_+K;NWTW(E!Q?++=$#'=\3_*Z?Z<)<
M^PLB/Z_I3?'LA?4'B49/]E2QCGO--%'Q^M/Y?XP;!QLC\W/_`&Q*X_\`'L_A
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M./1`K-_P&GKIUO=:MI_AFR`.EZ'''-=@\^9(!F&,^IR/,/\`P'UKF-'UD:5K
M>JSZS"OFZ=).NE6T.62>65QYJQN0-S!R$QC@$^]>@^'-*?1]'"7D@EO9V:XO
M)O[\K<M^`X4>RBNJK4A3BYPZMV]7_P#(Q:^<KHQJTY4G:7]?/^M2QK&K6^B:
M5+?7>XJF`L:#+2N3A44=V)(`^M</)?WEE/-864HF\::RT;7#1)YJ:;"3@;NP
M5%S@?Q,<XYJSJ&O6T\I\3WP\S3+)S%H]L2!]KG((,W/&.H4G@*&;TK)T0RZ=
MJ\GBS4+>:"*96EO-0W'&H%@%CAA@'S;0<;21EL9_BKHPN&]E3;DM?SENH^:[
MI:MV5K)LS2LA=.O=0^'>IZA9ZK<I<6A>.2V1(<S7QD;:SY#<R[B`1C!Z\"NR
MT71;A[\Z[K^'U.52L,.<I8QG_EFGJQ_B;N>.@%<GKMAK3W=KXLUJ!0BH]O\`
M80RYT^*0J$D#'K)NVEB#C&0/4ZEMK=WXS(TNPN?L-M&NV_O(V`DF8'#)!_L\
M',G3GY>>1R5KJI=-)37O26R:TE%>;T;M\5]-$[[R3G34ENM_0/%_B>>XM[C2
M_#\+SJ&,-[?HA9+;CE%_O28_!>_I6CX"T.VTCP\LT"$2WA\YW=MSL/X=S'DG
M'4^IK4GTBVM_#<VF:=']D@$+(BP#&WC]2>_KFJ_A&Y^T>&K5#C?`OE.!TR.G
MZ8KPJU2^+4(Z0MIYM=7YV>BV2;MK=O5-?4WRK7F5_3_A_P!#;HHHKH//"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#%\9?\`(BZ]_P!@VX_]%M6U
M6+XR_P"1%U[_`+!MQ_Z+:MJ@"&[_`./*?_KFW\JX[X,_\D;\-_\`7I_[,U=C
M=_\`'E/_`-<V_E7'?!G_`)(WX;_Z]/\`V9J`.WHHHH`****`([B&.XMI(9U#
M1R*58'H0:S+.)]1\))`9?GEMO+$G7M@&IO$`N3X>OA9+NF,+!1[8YQ[XS5?P
MUJ,5QID-H56&ZMX5#PCL,###V(Q7%.<7B%3EUB_GKL=D(26'=2/22^7G^1=T
MN\%[8JS(8I8SY<L9_@<=1_\`7J>[$ILIA;G$IC;8?1L<?K5!`;7Q&\<3%H[N
M(RR)C[C+A=V?<<?A6I6U-N4'&6ZT,JB49J4=GJ<_X=U+3HH(M.$7V&_Q^]MI
M5P[-C);/?/7-:FJ:7:ZQ8M:7JN8RRN#&Y1D93E6##D$$9I]YIUK?Q[+F(-@@
MJP.&4CH01R#5#3Y9K+5SI-S=FZ'D>=$\@_>`;L$,>C?6HHSJ89QB_DUIZ77?
MS7W(UJ<M9NI"Z>[3U^Y_Y_>S@89)/#7QCG&KW-U=VJ:=OMIO+>>7:QQL?:,\
M$-@GM@5O_#VTFBU/Q!=7:.ES=SQ2S(ZA=CLF[;@="`PR/SYK2U&X@T/QG'JE
M\GEVMY:"U:[VDB.17)57/8'<<'ID5+X<D7[1X@NY&PIU*0%CP-J1HO\`[*:]
MF>(EB>><ND5'\5K\[,TJM0H)17Q6;?IT7IU^0:;_`*;XWU>\/*6<45C&>V<>
M8_\`Z$@_"IO$%T-$T6YETN");^\D$5NJJ!YL[_*I..N.I/HIJ'P0C/X92_E!
M$NI327K9])&)7_QW:/PJ*+;KWC9Y\[K30@8D]&NG7YC_`,`0@?5SZ54HKV[Y
MOA@M?.VGXO\`,XNI3?3+?3]6\)Z+'BY^QF6XDS][<(R/.;TR['\6J3Q7J<5Y
M+-HOVG[-901>?K%V&QY,':('^^_3U"Y[D54\;79\.:[8^(($BGN)87L(X7<I
MM9OF$AQU08^;/0<BN:25I+ORK:ZL9=-L%;4;F^U!F$6I7(8!Y,KU1&P`O3..
MNT5."<95G4K2M)O3NWW_`$73F]&CT:E"=2C"I!7C&.K\^9W_`#];:['46UG9
MOIUQXA\6P1VM@MJ8+2PF7Y;2U(Q@K_ST<8R!R!A1WSF^#T)U:Y/B:XD@&CH)
M-,L[V8;H+=ER)7/\3`?+N.=N".N22R\2:?J]^VJ^-I4TC^S46>VTJZ;``(!^
MTG(&\G.%&/E]-QJEJ6D7?Q-\0.\CMHG]E)')9A[=9'=)1D-(=W'W<^6>.!G.
M<5[$822G"N^6-M7NH]E'O>]I-=_OX/4Z8I/X[QYJ/;^&3@A&&V34<'N.JQ<=
M.K>PZY^H>'I_#L-HD>HQ3:.MY%##93VJ9A223!42@@@`-QW'J:[4S1Z9I8EU
M&[0);Q#SKF7"`X'+'L,URL,%[X^MS)J)CM_#CRMY=JBL)KQ58@&0L!M0D;L#
MD@CFO-IS]HFII*BGJFKK\5K)]]/DMB$Y1=XNQNMI5Q;PDVNKW2;.4\\JZ`#L
M<C)'XYJIX4MVMY-44A`OVG_EG_J]VT$A?;FCQI&!X:.`_E)+'N2,XW+G&WZ<
MBM31[!-+T>VM$`'EH-WNW4G\Z^85-?6U&*TBK[][JUOZV.UU']4<I.[D[;=K
M.]_ZW+M%%%>D>:%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`445
MY7.Z27>JW>HW'B*\N)=>ET^TM=-U!X@`(PP`7>J@`!C0!ZI17F']GS?]`/QY
M_P"#E?\`X_1_9\W_`$`_'G_@Y7_X_0!Z?17F']GS?]`/QY_X.5_^/T?V?-_T
M`_'G_@Y7_P"/T`>GT5YA_9\W_0#\>?\`@Y7_`./T?V?-_P!`/QY_X.5_^/T`
M>GT5YA_9\W_0#\>?^#E?_C]']GS?]`/QY_X.5_\`C]`'I]%>8?V?-_T`_'G_
M`(.5_P#C]']GS?\`0#\>?^#E?_C]`'I]%>8?V?-_T`_'G_@Y7_X_1_9\W_0#
M\>?^#E?_`(_0!Z?17F']GS?]`/QY_P"#E?\`X_1_9\W_`$`_'G_@Y7_X_0!Z
M?17F']GS?]`/QY_X.5_^/T?V?-_T`_'G_@Y7_P"/T`>GT5YA_9\W_0#\>?\`
M@Y7_`./T?V?-_P!`/QY_X.5_^/T`>GT5YA_9\W_0#\>?^#E?_C]+;VEJVL6&
MGZC:^--.-_(T4,UQK!*%PC/@[)B1PI[4`=IXR_Y$77O^P;<?^BVK:K@K"XGN
MO@3>2W=Q+<R_V7=J99G+NV!(!DGJ<`<UWM`$-W_QY3_]<V_E7'?!G_DC?AO_
M`*]/_9FKL;O_`(\I_P#KFW\JX[X,_P#)&_#?_7I_[,U`';T444`%%%%`!5&^
MTF&\F6Y5G@NXU*QW$9Y4>F.A'L:O45$X1FK21<)R@[Q9SLPO;R<PK.EGJ\$3
M(&*_)-&V/G7Z$9]CP>M7=.N[F&];3-2/F2HF^&XP!YZ=#QV8=_PJSJ6G0ZA;
M%9%'FH"891PT;=B#VK(N+V/4M/L&A8MJORL@BSF,Y`<MCHO!!S7!).C/FOKZ
M[KM;OM9K?[SOBU6@HVT]-GWOVWT>WW'1U0U71X-6A"R,\,R9\J>([7C/L?3V
MJ_17?.$:D7&2NC@A.5.2E%V9AV[&:W?0M>A5C)"8UD)W)=)C!^C8ZBN/N=/\
M0>$/"KZ7+=1:G%JDSVBS)&5ECDF.%=B3\PQD'@8P.M>A:C9"^M?+$ABE1A)%
M*!DHXZ'_`.MZ$UDWRR>(/#UQ;I^XU6U(D5.\<Z'<AY_A)'X@U%&I/#S4;WM9
MKSMK9_UJO-,]&E4C/=+E;][R>W,NW^:[619U>]3PUX7>2UB\QK>)8+6`=9'.
M$C3\20*32K6W\+^%U%].BB"-I[RX8X#.<M(Y^I)-8FGZK'XN\46/S".'281/
M/;/\K?:V&`I4\_(-QSZL*I>++Z?Q%>IIE@R_8(KQ+5W9=RSW)Y*X_B6)078=
M"P`[&O47*Z6KT^*3_)>O^>NQRK#S]JJ,E9]1N@1^(/%6M3^)6(TJT>/RM/\`
M/A$CF$X.X*3\N[&2>IX'0<V]3T6STNX@UGQ5?K>+;?+;6-M:B-992VY<1@DR
M/NY`]3GMFMBXOK7PAHEEIL/GW]T(Q!9VH(::X(&/H`.['@"LRYAN-!@/B77H
MO[4UEY$@MX(FVQ6HD<*$C)X7J-SGD^PXHH4IU)QJU-+Z))VOTLNR[M_BS6IB
M'=PI)*.RT5VO7?7K^&F@R[M8]I\4>.HH\VP86.G`"3R-XVA?^FDS<#T&<#UJ
MKX7TN_\`"^N61NYW\O6T>,V<C[Q9>6I:*)'/)PI<'/?I6[IVC7M_J@UCQ*1Y
MT;$V=@C;HK0<C<3_`!R$'[W;.!ZE/&Q,.D6EZ(I)/L5_!<,8XRY50X#'"\_=
M)Z5V*OS/ZLG=2T=MEV2]'JWU?7J^2_0I^.(K4:EX=O-1$GV2VOB9I'!:WC!0
M@&0=/O[`I/`)KKZX;0_LOCC7]4U#4[5VM;*5+>UM+B0@QLA)9GAXP2=I&[/&
M*[FN3%KV<849?%%:]M=?OUU)EIH8_B&"*==/24C_`(_8]J-T?KD$=^,G\*V*
MS=<539PLR@[+F%@2/N_..?:M*O(@K59_+]3:;O2A\_T"BBBN@YPHHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"O+[7_D.1_]CI/_`.DS5ZA7E]K_
M`,AR/_L=)_\`TF:@#U"BBB@`HHHH`*YOX@:S?^'O`FI:MI#PK=VD8D031ET;
MY@,$`CUKI*R_$F@6OBCP_<Z/J$L\=M=*%E-NX5R,YQG!QTH`LHEV=("-<I]L
M,.#.(OEWX^]LSTSVS7`_#7QIK7BJY@.HWMO*'M7FG@CTV2`1D2;%V2,Q$G0Y
MP/QKK-+\+)I?VMQJ^JW<]U$L7GW5P'>)5SC9\H`Y8G.#DU5T#P)8^'FL!:ZA
MJ=Q#IR.EM!<7`9$W]6P%&X\D#).,T`<[+XWU>\T75_$=K?Z9IFE6%^UG!%=P
MNQF\N0(YD<'Y"S9"C:<<9SFK/Q`\7:IX>U[P_;V%Y%:VFJ+/YSMI\ET\9C3>
M"J(P)SG'MUK2O_AKHE__`&C%YM];V>IW"W-Y903[89I0P;?@@E22JYVD9Q6A
MK?A*VUS6M-U66^O[6ZTP2"V-M(JA2Z[6)!4YR..:`,+5_$'BBU^'FD:WI0M+
MW4IFA9[4PE%NUD(PJY;,;%3WSSQ4O@SQC)XQUG4Y+"[C.FQVL#PQF#;+!*^\
M.DG/WD*8(P.M:_\`PB-J-#LM,2^U!4M+E;H3^<#++(K;\NQ!SECDCBK-AX9T
MS2M8U74].A-O<ZL4:Z9#PSJ"`X'0-SR>]`'`Z7X[\36NC:/KNLR:?>Z?J.JG
M3)H8;=H98"9FB213N8-RH)!`Z\&O5*Y#2_AKHVF/8^9<ZC?PZ?.US:V]Y<;X
MHIF8L9-H`!;+,1G.,\8KKZ`"BBB@`HHHH`*Y;Q5_R-'A#_L)2?\`I-+74URW
MBK_D:/"'_82D_P#2:6@#'TK_`)()>?\`8-O?_:E>@UY]I7_)!+S_`+!M[_[4
MKT&@"&[_`./*?_KFW\JX[X,_\D;\-_\`7I_[,U=C=_\`'E/_`-<V_E7'?!G_
M`)(WX;_Z]/\`V9J`.WHHHH`****`"BBB@`J..WAA=VBB1&D.7*J`6/J?6I**
M5D.["BBBF(*R]:MY(H6U2P'^F6L98+G`F4<F-OKV/8UJ4R6-9H7B?.UU*G'7
M!%1.*G&S-*<W"29YXWA?5M8\)7LT5I;V6MW6H-<VUW,X,D,;."&#IT(7@#T`
MK&\5>)KGPGI>D:1;Z6;74K&662$E2\,NU&'F`YRV[?DYYS7I>CW#11C3+LD7
M5LN/NX$D8.%<=NF,^]9/B/9IGBO1M4$RI]L?^SKA9P#$8B&<')^ZVX8'][./
M2NW"5%BJZG-:/5Q6S<=;=7Y=?QN>@L2Z2]E*-TKV>O56^[K8Y/P/XVTU;:UU
M7Q)',FJ:M*\+:A*`8PJ[2%'_`#S3YU&/7DGO76^--:T*/3'TK5+]X9;D*RFV
M4R/``P*S,!]U%8`Y/'%8<'A;2=>\2ZK%I"1V6FPE(+QH$W?:I-P9X@6RJ(-J
MA@@&2>3QBG:+J6IV&H:_%!H)U/4OMC)-.ERJD_\`/$.K8*1;",;=PP">M>W6
MA0JUO;4TTU9\MTK7MRZO1)?/IHKNW`[-W1?'C'6+*PA:]T,W.R2..6]@F407
M"NP5'AZEBVX';QCD9Z5VE>8?\(]XFL#8>&H=5M+V.4&]E@E@*1VZQ2JRQQL/
MFVEB%YR0!D>E=1+XMNM.W6^LZ'=1WK8%M'9_OX[DDXPKX`4YZA]N!S7%BL+&
M5O86=[[-ZKH[/Y[:)>6I+786^\-ZM%JU_J?A[6([6XOQ&)5N[83*NP8&W!!'
M&>#D9)IL?BR\L[`C5]`U1KR'*S?8K0R1N0?O(<\@CG'7G%2'QYHENXAUB672
M+G.#!?1%&^H(RI7W!(IC^+;35_!VKZCHQN-UK!(0"HBD^YN5UW=B"&!/6I4*
M\DE6IW6BO:WDM5NOO"SZHSD\:V^NQZ<&L+VQMKN[C,,LZ`I,%;E25)V,&'W6
MP>*[BN:T/2PWPXL[2"1))9+)9!-&21)*PW^9D\Y+'=D]S5SPUK$VKV#_`&N$
MQ7%N_E2G&`S`<D>GN*\C%3HT\;*G!63VZ[-_=I;\?0Z'!SH<T=HO7Y[,V:**
M*9R!1110`4444`%%%9TVI3RW+VVEVWGR1G;)+(=L49],]6/L/SJ)SC!:EPA*
M;T-&J]S?VEF`;NYBAR<#>X%539:E/_Q\ZD(E/5;:(+_X\V34UII%C9)B"V3=
MC!D<;G;/7+'DUGS5)?#&WK_DO\T:<M./Q2OZ?YO_`"8EQK.FVD2R7%]`B-]T
M[P=WTQUJVCI+&KQL'1AD,IR"*Y;2K#3YO'&N7,5G`8K<6\9DV#"S!6+8]PK)
MFM;P[%'%I;?9UVV[SR/"/]@L2#]/3VJYJK2K*G.UFD_/9/\`7^NE2A3]GS1O
M==_,U:***T.8****`"BBB@`KR^U_Y#D?_8Z3_P#I,U>H5Y?:_P#(<C_['2?_
M`-)FH`[/7/&.C>'+Z&UU>>6%YHVD5Q;NZ!00"2P!`Y(_,>M5U\?:$]K=SK)=
M%+-HTN!]DDS&[OL5",9W;A@CMWJUKV@Z)K5S"^M$,T,,D2H9R@V28#9`(_NJ
M0>Q`Q61+\/\`PTRR(UU>H)6268#49!YK@EED?YOF;)SDT`:FI>--$T?57T[4
MKEX+E81,%:)L.#T"D#!/'0<U#+X_\.00&22^(81-*T/DOYJA91$P*8R"'8*1
MUJO<^"/#.J7T=S<M+<W*0+;K(;QF?8,G&<Y//S'W`/:J\_PS\)W$O[R.;[47
MRTPO'\YV/)RV<G)^8CN>:`.GL]7L+_3/[0MKE#:C<&D?Y`A4D,&SC!!!!SZ5
M%_PD>B?]!G3_`/P*3_&I++1K"PTK^S8+93:G<7CD^?S"Q+,6W9W$DDG/K4/_
M``B^@?\`0#TW_P`!(_\`"@!W_"1Z)_T&=/\`_`I/\:/^$CT3_H,Z?_X%)_C3
M?^$7T#_H!Z;_`.`D?^%'_"+Z!_T`]-_\!(_\*`'?\)'HG_09T_\`\"D_QH_X
M2/1/^@SI_P#X%)_C3?\`A%]`_P"@'IO_`("1_P"%'_"+Z!_T`]-_\!(_\*`'
M?\)'HG_09T__`,"D_P`:/^$CT3_H,Z?_`.!2?XTW_A%]`_Z`>F_^`D?^%'_"
M+Z!_T`]-_P#`2/\`PH`=_P`)'HG_`$&=/_\``I/\:/\`A(]$_P"@SI__`(%)
M_C3?^$7T#_H!Z;_X"1_X4?\`"+Z!_P!`/3?_``$C_P`*`)(]?T>:58XM6L7D
M<[55;E"6/H!FH-7\3Z9H=Q'!J+W*O(N]?)LY9AC..J*0/I4L7AS0X94EAT;3
MXY$(972U0%2.X..*CU;PUI^MW"37QO`\:[!Y%[-",9SR$8`_6@#/_P"%@^'O
M^>M]_P""RY_^-T?\+!\/?\];[_P67/\`\;I?^$!T3^_JG_@VNO\`XY1_P@.B
M?W]4_P#!M=?_`!R@#9TO5;36;(7=@TC1%BN987B.1U^5P#^E87BK_D:/"'_8
M2D_])I:W=+TNVT>R%K9><8@Q;]].\S9/^TY)_6L+Q5_R-'A#_L)2?^DTM`&/
MI7_)!+S_`+!M[_[4KT&O/M*_Y()>?]@V]_\`:E>@T`0W?_'E/_US;^5<=\&?
M^2-^&_\`KT_]F:NQN_\`CRG_`.N;?RKCO@S_`,D;\-_]>G_LS4`=O1110`44
M44`%%%%`!1110`4444`%%%1W$(N;:6%F91(A4LAP1D=0?6D[VT&K7U.3EUC5
M[KQ/=6VD::!=)#MWWF4BACW<.Q&2Y8YPHQPO)YJM>+JWB;6+/P_KMC-:6\2O
M-?O;MFVO$&`@5B,\L<E3@@`]<@UT?AY((;%H%A2*Y@;RK@*N"S#HWN".1]:U
MJUP.)5*DFHKFUUUO=]?EVMHUW.G$-*HTEMH<K<>#[^*UN+30_$5UI]G<L[-"
MT2RF,N<MY;Y#+DD]SC/%:^E:)8>'[6<6$,A:5C+-([F269L=68G+'L*L:M<W
M-GH]W<V-L;JYBA9H8%ZR.!POXFN6TDZMXMM999?$<EFD3M!/:V5EY#Q/@95F
MDW-D9[8^M=T95J])N<THIZZ;OSLKOU9AJUJ7?""'5A)XINWWW&H+L@B#9%K`
M#Q%_O9&6_P!KCM6EXBUI]$TZ.:&U^U3SSI;PQ&01J7<X&YC]T>_T'>N>BT#Q
M%X;L;=-(U$WMC82CRK!(466:$O\`,KR,<,P!X/RY/)S3]<UF34]'O-*U+0-6
MM[QP#;K;Q^;N<89'61?E4JP!.2,8[BM948U<0IQ:E"^R=FEZ:/1;V^\+797U
M..2PW^)?&5PHNK8LVGZ7;S[H]VP+M7Y0TC,2>.G(XXJ:V\`:6_ABS371)]JB
MM/+O)8)6C\U#EFC;&-R#)`![`5F6\WBK7+XZNMK8PW.@0R6K6TH\\75P55G*
M,N-O10.O)(K1C^(VDWT"#4+"ZATVZMWS=/$S1LRA?,3`&[`W$;B`.#Z5USCB
ME%1HO5;\KVWLE\KO=WOKJBM>ASN@>+E\/6V+2VO)+6\6/^Q]'GN@\S0J&+2C
M.2@VCA#U"C&<UWFFZE:O>175I.DEAJRB6&13E1*``5SZD=O537):1X7TC_A+
M=6LM.OV*'3(Q:R&4-+;M*K`NC9W-\BJ=QZ#`&!5O1M+UBUUJW\-7^HVEU8Q6
M1FN(8;41+$-Q6(1X.Y6R"Q))Y'%8YG0H8B]2B[35I:WU5MNO2RN^K;UT-(RB
MFT]GO_7D=_16=I]Q/'=2:?>MODC7?%-_SUCSC)_V@>#^![UHUX$)J:NC&<'!
MV844459`4444`%<+8W>N>&X+R^D@AU'2)+V:XG\MF%Q:@N=^%P1(!UXP<9Z\
M5VEW,;>RGG&,QQLXW=.!FJ^CV_D:7'N<R/-^^D8C&6;D\=ASTHIUN2LDU=6=
MU\U;YF\;*DV^Z_4M6\\5U;1W%M(LL,JAT=#D,I&00:Q_$.L3VK0:7HX635[[
M(A##*P(/O3./[JY_$X'>LBYN9?`-Q(L5K-=Z+>.?LD$"Y:VN6/$('9')X[*<
MCH16SX>T::R$^HZJRRZO?$-<NIRL8'W8D_V%S^)R3UKO]C"C^^>L?L^;\_3K
M]RT=S*UM2LND0:;::?H,#N8KAWDNIG;Y[@CYG+'N6)Y]LBNB551`J`*JC``'
M`%<Y?K=IX[T\PO(898FW;D!5`,Y"GL3QFNDKR*=65:K4G/>]OP7^=_F=->/+
M"FK[J_SN_P#*WR"BBBN@Y`HHHH`****`"O+[7_D.1_\`8Z3_`/I,U>H5Y?:_
M\AR/_L=)_P#TF:@#9\:>!+GQ1J9NH)K&-?LRP[;BW+DD.6R<$9'/`K`N/@_?
M3)`G]KV96`-M<VAWR;@1\S;N0N<*/05T'C$^+/[4D_X19KL;;,%`%B\@R;CN
MW;OFW;>F.^/>L+2_^$]FC9-2EUB"-KF#RG6.W,FPMMEW\<8&"``>F<]J`'67
MP;&G7D]U9:OY+SV@MRB0!5A)14>2,@Y#$&4C.<%QZ5L^&/A])HOB"VU34+R&
M]DM[!;7=Y9#22*=J3-DD;_*PA/4\_2LR^F\>)XAU-((]0?2&G_<O$(/-5`#_
M`*O=Q@L4ZYRH;H>L4M]\1YG,-U97,._RVBEL1"=K+&RR*^_C#2;6'7B@#M=7
M\-G5KT7`UO5['"!?*LKD1IQWQM/-4?\`A"&_Z&KQ)_X'#_XBM1CKW_"-VQA%
MB=8\J/SQ.6$._`WXV\]<XK-W>._^>7AW_OY/_P#$T`-_X0AO^AJ\2?\`@</_
M`(BC_A"&_P"AJ\2?^!P_^(IV[QW_`,\O#O\`W\G_`/B:-WCO_GEX=_[^3_\`
MQ-`#?^$(;_H:O$G_`('#_P"(H_X0AO\`H:O$G_@</_B*=N\=_P#/+P[_`-_)
M_P#XFC=X[_YY>'?^_D__`,30`W_A"&_Z&KQ)_P"!P_\`B*/^$(;_`*&KQ)_X
M'#_XBG;O'?\`SR\._P#?R?\`^)HW>._^>7AW_OY/_P#$T`-_X0AO^AJ\2?\`
M@</_`(BC_A"&_P"AJ\2?^!P_^(IV[QW_`,\O#O\`W\G_`/B:-WCO_GEX=_[^
M3_\`Q-`#[;P<UM=Q3_\`"2Z_-Y;AO+EO`R/CLPV\BM>^TTWLJN+Z\MMHQMMY
M=H/N>*R;=O&OVF+[5'H`@WCS#&\Q;;GG&1C-7M3/B`7L/]C+IIM=O[TW;2!\
MY_AVC&,>M5&3B[HJ$W!WB)_8)_Z"^J?^!`_PH_L$_P#07U3_`,"!_A5-#XT_
M=^8F@C[V_:\QQZ8X_.E0^,\1^8FA?=;?M>;AN=N..G3-:>WJ=S;ZS5[_`((V
MK2V^R6XB,\T^"3OF;<Q_&N=\5?\`(T>$/^PE)_Z32UN:4=4-B/[<%H+K<<BS
M+%-O;[W.:P_%7_(T>$/^PE)_Z32UDVV[LP;<G=F/I7_)!+S_`+!M[_[4KT&O
M/M*_Y()>?]@V]_\`:E>@TA$-W_QY3_\`7-OY5QWP9_Y(WX;_`.O3_P!F:NQN
M_P#CRG_ZYM_*N.^#/_)&_#?_`%Z?^S-0!V]%%%`!1110`4444`%%%%`!1110
M`4444`9NH6,XN4U#31']K0;61V*K,G]TD=P>0?\`&L(:[X@U+4FL5MK;P_\`
M-A)+TF:250>J*,)SZ;B>>E=?45S;07<#0W42RQMU5AFIC>DW*FE=]]5_3\[K
MR-XU(M*-17MUZ_\`!_K4XVT\41^&M>U+2O%&OK=.%BGMS)$$D<N&W(B)U`VC
M`ZY)'-7O"]MJ9UO4]1EM9=.TV^VRQV=PRF3S3PTF%^YE0N5))SGI3M,L;+PO
M<7<=U"[+/.;A;^13(SD_PNW)!4#`[8`]ZZ`7UJ;1[H7,1MT4NTH<;54#))-=
MTL;1J<T*4?>:2>W2VT5:UVM]?*P5(2BKVT?7H3U0UO5[30M'N-0OYXX(XD)!
MD;`9L<*/4D]AUKGM/U#Q)KDESJ.CW=FFGM<-#;QW=JZAH@!B93D,Q)SP<`]C
MWJCK7AGQ'KNK6PU>'2Y[3R)K8SP,X:$NHVS"-\C<&4#@YP36U+"0C52K322W
M77TUZ]/\S)1UU.C\'V<UGX5L_M9'VFY#74X";0))6,C#'L6QSZ5YMJ.L7`&K
MSZIJ5^MG>K>VCML=;./9GR3"XX!)7:?4DUW2>'=9UF!QXHU:6%"-JVFF2F-.
M%QN:3`<DG+8S@<#G%<QKL6NZ/X?C\+ZG/ID.E7,:VL.J&)U6,#@)(!PLC\8;
MA00>I(KT<&X.O)N2E*3UMT6K=G;5K>R732Y<=QEOX;U"/1(=.L/"]L]UA)[;
M68Y4MFC!`()(!;>IX*@!2![XK6>SU_3/%>G16&HP7&I7]JC:F\T(6*1(6`+@
M#YE8B3`'3BNTO+RWTO3Y+BYDQ'!$SG)RS!1DX]3@5P,_B+3_`!!Y&K:5)J6G
M>((D,;06UN;IECWG$<J+\GS<LN2.H.<5%+$5L3>3@N76[LWJ]K[V5U?16O;3
M82;9W&IVMP[PWMAM-U;;MJ-TE4]5SVZ#!]14MGJEI>VRS13(,CYD9@&0]P1V
M(KC]'M?$OAR"#4]2FU#5UNY'-[9EA));!FS&R*.#M'#!3CG('%='I\VC^(H)
M;E+-&=)&AF2XM]LD;CJK`C(."#]"*\/$8.=&3G2DI1Z]K[?+]59FG-%Q49]-
MFOR-BBLC[)=:3,ATY9;JT(VM;-)DQ^A0L>G8C/I5#3]2U/Q%)=HLT6EQV5R]
MO/&A\R;*X[GA00<YQ7,IS<6^1W6]O/ST5@]BGJI*W?\`X&K.DEECAB:29UC1
M1EF8X`_&LZ'Q'I-S+`D%]')]H.(77)20^@;H?SK%TF\T'Q'=?9TEU"[Q'YZ+
M>"18Y%#8WKD`-@XY'J*R-??0O!?B-;G^SH)[*\@*W-G:QAY864L_G[/[N&(8
M\8^6NJ&$Q523I<O+/=)ZW[]K:;;C4:*=G=_A_P`/^!U+G^V-=GLKEA]DM`C^
M4AR)F/\`?/L1]W\36W7'66N:KI>F07EUX=@BTV?:_P#H,X>2`.P`+K@;N"#\
MI/>N@_MA3_J[&^?W$!'\\5S2I?57:K).3[-/Y:=MOQ'-2J6Y%[J_I_-E'QJ2
MGA>6=<YMYX)O^^9D)S^&:U;S4([.2.(Q2S2R@E8X5W'`QD^PY%9&NB]USP_>
M:?!ID\;W,119)70!#V;[V>#@UH:=87,-Q+=:C.D]RRB-6C4J%0>Q[D\G\*N=
M?GHQIT][N[MLK+OOL_U$J:@KU'\K[_<5K6\74O$9Q%+&;.`ATE7!5G(_HM;5
M-6*-9&D5%#OC<P'+8Z9-.K.E!P3YG=M_U^!G5FIM<JLDOZ_$****U,@HHHH`
M****`"O+[7_D.1_]CI/_`.DS5ZA7E]K_`,AR/_L=)_\`TF:@#H/$?CV#PSXO
MLM+U".!;.X@::6Z:?:80-W)7&,';@<Y).!FL.R^+\5[J.EQ26MI8PW0(NA>7
M?ERV;J)"RLFW_IF/3[XKJM>\3^']&U)++5\M=2P&81I:M*QC4GGA3P,$^V*K
MW?BSPG!;S75SL+Q0Q7,T9M&:5(Y&*HS)MW#)'\O:@#E-+^-(U#3H[J32H8,%
MGD#7?WHPR#Y,KRY\S(!P"%)!JTGQAAN+Y(K330ZJ[B6%YMLY7SDCC:--OS;U
MD60=/ESS6VOCSPE_9]Y=998;&5(YPUDZF-V8H`05SG=D>U21>./"37ULMO.C
M2W+B*VD2U;$S8&51MN#M!&>>.]`&UK.M#1DB8Z=J%]YI(Q8VYE*X_O8Z5D_\
M)PG_`$+?B/\`\%K?XU&/B9X88HL=Y-+(TGE>5':R,ZM@$`J%R,A@1Z@U8N?B
M#X9MK5[EM362&,0EWB1GVB52T;'`Z$`\T`1_\)PG_0M^(_\`P6M_C1_PG"?]
M"WXC_P#!:W^-:.D^*-+UN_N;/3II))[7(G5HF7RB&QALC@G&0.XY'%69M;TJ
MWF:&XU.SBE0X9'N$5E/N":`,7_A.$_Z%OQ'_`."UO\:/^$X3_H6_$?\`X+6_
MQK7_`.$BT7_H,6'_`(%)_C1_PD6B_P#08L/_``*3_&@#(_X3A/\`H6_$?_@M
M;_&C_A.$_P"A;\1_^"UO\:U_^$BT7_H,6'_@4G^-'_"1:+_T&+#_`,"D_P`:
M`,C_`(3A/^A;\1_^"UO\:/\`A.$_Z%OQ'_X+6_QK7_X2+1?^@Q8?^!2?XT?\
M)%HO_08L/_`I/\:`,RW\9+<744(\/:_'YCA=\NGLJKD]2<\"J/C/XAKX/U.V
MLCH.I:FT\)FWV<6Y5P<8/O71IKVCRR+''JMB[L<*JW*$D^@&:BU_Q'IOAJP%
MWJLQ4.WEPQ(NZ29ST1%'+$U<(2J24(*[8;GG0^.T>U6_X0W7]IE\O/V<^N,]
M*#\=D\T1_P#"&:_N(W#]P>F0/3WKIC\1$LI(F\1>']5T2RE8(M[=HAB4GIOV
ML2F?4UU[7$"6QN7FC6`+O,I8!0N,YSTQ[UK5PU6C;G6^W5?>M!M-'(^"/B(G
MC2]O+=-!U33?LH4^9>0[4?(Z9]?:K/BK_D:/"'_82D_])I:WM,U2RUG3H[[2
M[A+FUESLE3HV"0<?B#6#XJ_Y&CPA_P!A*3_TFEK&47%N,E9H1CZ5_P`D$O/^
MP;>_^U*]!KS[2O\`D@EY_P!@V]_]J5Z#4@0W?_'E/_US;^5<=\&?^2-^&_\`
MKT_]F:NQN_\`CRG_`.N;?RKCO@S_`,D;\-_]>G_LS4`=O1110`4444`%%%%`
M!1110`4444`%%%%`!1110`5FWOA[2M0CD2YLHR)05<I\A8'KG&,_C6E14RA&
M7Q*Y<9R@[Q=C(:VNM'<2:<DEU9XP]J7R\?NA/ZJ3]*O65_;7\(DMI,]04/#*
M1U!'4$59JE=:18W<PFE@`G'2:,E''_`AS6/LYTW^[V[/]/\`+\C7VD*B_>;]
MU^O^?YEVH[FVAO+:2WNHDFAE4J\;C*L#V(K.^SZGI[*;6<W\'\4-PP$@]P^.
M?H?SI7ULV_\`Q^Z=>P`#)<1B11^*D_RIK$*.L[Q?]==A>PD_@=_S^[<Y72/"
M&@/XFU[3+ZPAG2-86MH7=F6&!EZ(I/RG>K$D=<BNVM-/L]/5EL;6&W#!0WEH
M%W;0%7..N``/H*YG4KFRU;QGI":.OGWUF_FW-U$"%BMV1OD9AP=QVX7VSVKK
MJ]?%UJE10E*3U2T;^5_G:_\`5S.5^H5Q\GA77E34K73M>6PM;JXEN4FBAW7&
M]^0K,W&T'T&2`!D5V%%<U&O.C?EMKW2?YDIV.6T[QE:VUH+3Q`MQ8ZC;?NIX
MWB>0.0!\ZNJD,K=0?TK%\0:CI^JZG!+X-=CXEF!C4^2\<<L/1_.W``HH;(ZD
M'&.M=?-XDTFWO_L<]XB39V\@XW>F>F:S-(FBU?QMJ5Z9Q,MC#%#:*C`HJ2*'
M9^.[%0/8)73A<7AI5)U*:UBFVN9-=%:UKVNU=7VZFSIS@N:46D-E\*WUC;Z6
MWAS44M[JPM/L1^U1^;'+$<9)'!W`J",'V/%:FC>';+1K=PJ_:;J?)N;R8`RW
M#'J6/IZ#H!P*U:*PGBJLX\K?_!ZZOJ8W9Q3:9J'A^.73?M2-X><I]FDF!9[,
M`Y*$CJF1\I/3H:[..1)8P\3JZ,,AE.0:JS:IIT19)KVW!'56D'\JRK&XAAUQ
M(=(G22TN2S2PK&=L)"]5/09/:O,J5_W[J2DFY672Z_S\^MW=W.WDE4I6Y;<M
MWY/_`(/X?KT-%%%=1PA1110`4444`%%%%`!1110`5Y?:_P#(<C_['2?_`-)F
MKU"O+[7_`)#D?_8Z3_\`I,U`':ZMX9T;5-6@U#4T+7$4+PQYG90%=2K8`/7#
M$9]_854E\%^%KJ>::2UC>::#R9I!<-NDC^7"L=W(&Q<9Z8XZFJ_BSP.WB6]N
M+A+V*`W%A]C/FV_FF'YBV^/YAM;YL'Z#TK.C^%.GQ%9(_L\<R7ZW(>.`KF((
MJM`V&^9"R[L'C/:@#:D\'>&)H[^.2W1EO9EFNA]H;YW#EP3SUWDFJR_#OPI$
MP^SV[0%"/($=TX^S,<9,0S\C-M&2.3CZUDW/PIA??):75M',P7<TEIO$K&-T
MD>0;AN)+[QZ,!UJL/@S;BYNLZQ</:W$:)Y#+]QEV9D!!R'XE((Z&3/:@#IC\
M/O#$L\5S'8;98@0DL4SJW48^8'/&./3FF'X9^$2I4:/&JLH5E61P'`^Z&YYQ
MVST[8J]I'AQM+\)+HC:G=2.`X-ZA$<Q+.6W9`P&YZXJK_P`(9)_T-/B+_P`#
M$_\`B*`-FPTBSTV>ZFM(V66[96G=G+&1E0("23UVJ!^%0W/AK0KRY>XO-%TZ
M>>0Y>66U1F8^Y(R:S/\`A#)/^AI\1?\`@8O_`,11_P`(9)_T-/B+_P`#%_\`
MB*`+W_"(^&_^A>TK_P``H_\`XFC_`(1'PW_T+VE?^`4?_P`35'_A#)/^AI\1
M?^!B_P#Q%'_"&2?]#3XB_P#`Q?\`XB@"]_PB/AO_`*%[2O\`P"C_`/B:/^$1
M\-_]"]I7_@%'_P#$U1_X0R3_`*&GQ%_X&+_\11_PADG_`$-/B+_P,7_XB@"]
M_P`(CX;_`.A>TK_P"C_^)H_X1'PW_P!"]I7_`(!1_P#Q-4?^$,D_Z&GQ%_X&
M+_\`$4?\(9)_T-/B+_P,7_XB@#1B\+>'X)DF@T+38Y(V#(Z6<8*D=""!P:LS
MZ1I]UJEMJ5S:12WEJK+!,ZY:,-UQZ=.M9-OX1>"YBF/B77I1&X;RY+M2K8/0
MC9TKHB<#)JHRE%WB[`5[Y;22SDBU$1-;RC8Z38*L#V(/6N4C^%WAWRHX3+J,
MVG*^]=/>^=K;U`V9Y4>G2I=0\:Z5!-:7,@ND$A,</GVDBK*3S\IQUX_(U>T;
MQ%8S_9[2);O,[-Y<DEJZ1L>6(#$8X&?RJJ.-J4;QI3M?LST)8+$4Z?.XM?+U
M_+^MC=AABMX4A@C2*)`%1$4`*!V`'2N9\5?\C1X0_P"PE)_Z32UU-<MXJ_Y&
MCPA_V$I/_2:6LV[GGF/I7_)!+S_L&WO_`+4KT&O/M*_Y()>?]@V]_P#:E>@T
M`0W?_'E/_P!<V_E7'?!G_DC?AO\`Z]/_`&9J[&[_`./*?_KFW\JX[X,_\D;\
M-_\`7I_[,U`';T444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`91\/644LL^FJ=/N)FWO+;?+O;U9>C?B*=LUN)2?.LKC'(4QM&3[9R:
MTZ*Q=&+=U=>C_I&RK2M:6OK_`)[F8=7E3"R:5?"7^ZB*P_[Z!Q36@U74$*W$
MJ:?"W!2`[Y"/3?T'X#\:U:*7LG+2<FU]WY#]JHZPBD_O_,HQ:)I<,>Q+"WQW
MS&"3]2>35$^%;&WO3?:./[.NR,%HA\C^S)T/Z5N44WAZ35N5?D"Q%5._,S.M
M-2?[0+/4HUM[H_<(/R3#U0_T/(IVKW<EM9B.V/\`I-RPAA]F/?\``9/X58O;
M*WU"U:WNDWQM[X*GU!['WK"N5NXI;+3[R-Y@EU&T%TB\L@SPQ_A8=SW'Y5A5
ME4IP<7K?9_Y_H_Z>]*-.I-26EMU_E^J_I;=II]M9VZ0PPH`B@9VC)QW)[FK-
M%%=<8J*LD<<I.3NV%%%%42%%%%`!1110`4444`%%%%`!7E]K_P`AR/\`['2?
M_P!)FKU"O+[3_D.1_P#8Z3_^DS4`=;K5UKUIK$DFDV,][`UGLCC5XUC68O\`
M>;<0>%QT_G7/ZA%\1+G0-.2UG6UU:W@N!>2(D;17,B8$94'IOY(Z;<\]*]#H
MH`\[C3X@V3NT3RWY%XDC+<^2H:V5$+(FW&'9F<<\`(/7G,M$^*B06OVMI'D2
M:1YMI@^:(A=BCU8'=GI@=">*]7HH`X'3;KQG;6UA_:-AJ%S+%.9+K8]N!(GE
M8"#D?Q\YXHF_X6!>Z-<6WR6%])J4;PW,?ELL5J_)4@]2G0^O&*[ZB@#RZW3X
MFQ!TG:63]Y(UNX\CK\OEB3_8X?<!R,K@FG6__"Q?ML<LR7K6<DB>='NMQ+'$
M22VWMN^Z/IFO3Z*`.5\)6'B*UU'43K^I7=U;`1K:BY6$%LH"[?NQP0V5],"K
M-ZWC,7TPTZ+0FM=W[HSRS"3;_M`+C/TKH:*`.7W^/O\`GAX<_P"_T_\`\31O
M\??\\/#G_?Z?_P")KJ**`.7W^/O^>'AS_O\`3_\`Q-&_Q]_SP\.?]_I__B:Z
MBB@#F[=O&YNHOM</A\0;QYIBEG+;<\XRN,X]:Z)_]6WT-.H(R,&@#RY]"NS>
M6FH6[_VO>3V*);Z?<PAH(+?;B3<3T).,'@D\=,D:/AGP_!HES:3:;<RM87UZ
M)8[>6,H8'$+B0;>WS=NV*Z1/"5C&@2*ZU*-!PJ)?R@*/0#=TJ:V\.6=M>Q77
MG7LTD))03W<DB@D8S@G&<$URQHM2O8^CJYI&=.5/F=FK;+7>W7IWWWO>YK5R
MWBK_`)&CPA_V$I/_`$FEKJ:Y?Q5_R-'A#_L)2?\`I--74?.&-I7_`"02\_[!
MM[_[4KT&O/M*_P"2"7G_`&#;W_VI7H-`$-W_`,>4_P#US;^5<=\&?^2-^&_^
MO3_V9J[.X1I+65$&69"!]<5Y9X+G^(7A'P9IN@MX!2[-C%Y1G&M0*'Y)SC''
M6@#U>BN$_P"$J^(/_1-U_P#!Y!_A1_PE7Q!_Z)NO_@\@_P`*`.[HKA/^$J^(
M/_1-U_\`!Y!_A1_PE7Q!_P"B;K_X/(/\*`.[HKA/^$J^(/\`T3=?_!Y!_A1_
MPE7Q!_Z)NO\`X/(/\*`.[HKA/^$J^(/_`$3=?_!Y!_A1_P`)5\0?^B;K_P"#
MR#_"@#NZ*X3_`(2KX@_]$W7_`,'D'^%'_"5?$'_HFZ_^#R#_``H`[NBN$_X2
MKX@_]$W7_P`'D'^%'_"5?$'_`*)NO_@\@_PH`[NBN$_X2KX@_P#1-U_\'D'^
M%'_"5?$'_HFZ_P#@\@_PH`[NBN$_X2KX@_\`1-U_\'D'^%'_``E7Q!_Z)NO_
M`(/(/\*`.[HKA/\`A*OB#_T3=?\`P>0?X4?\)5\0?^B;K_X/(/\`"@#NZ*X3
M_A*OB#_T3=?_``>0?X4?\)5\0?\`HFZ_^#R#_"@#NZ*X3_A*OB#_`-$W7_P>
M0?X4?\)5\0?^B;K_`.#R#_"@#NZ*X3_A*OB#_P!$W7_P>0?X4?\`"5?$'_HF
MZ_\`@\@_PH`[NBN$_P"$J^(/_1-U_P#!Y!_A1_PE7Q!_Z)NO_@\@_P`*`.[H
MKA/^$J^(/_1-U_\`!Y!_A1_PE7Q!_P"B;K_X/(/\*`.[HKA/^$J^(/\`T3=?
M_!Y!_A1_PE7Q!_Z)NO\`X/(/\*`.[HKA/^$J^(/_`$3=?_!Y!_A1_P`)5\0?
M^B;K_P"#R#_"@#NZ*X3_`(2KX@_]$W7_`,'D'^%'_"5?$'_HFZ_^#R#_``H`
M[NBN$_X2KX@_]$W7_P`'D'^%'_"5?$'_`*)NO_@\@_PH`[NBN$_X2KX@_P#1
M-U_\'D'^%'_"5?$'_HFZ_P#@\@_PH`[NBN$_X2KX@_\`1-U_\'D'^%'_``E7
MQ!_Z)NO_`(/(/\*`.[KSBY\.:J9]4M;OPTNIVLVK/J-K/%JOV9T+*%'0!@1\
MPZ]ZN?\`"5?$'_HFZ_\`@\@_PH_X2KX@_P#1-U_\'D'^%`&;_P`(Q>_]"?>_
M^%3-_P#%4?\`",7O_0GWO_A4S?\`Q5:7_"5?$'_HFZ_^#R#_``H_X2KX@_\`
M1-U_\'D'^%`&;_PC%[_T)][_`.%3-_\`%4?\(Q>_]"?>_P#A4S?_`!5:7_"5
M?$'_`*)NO_@\@_PH_P"$J^(/_1-U_P#!Y!_A0!F_\(Q>_P#0GWO_`(5,W_Q5
M'_",7O\`T)][_P"%3-_\56E_PE7Q!_Z)NO\`X/(/\*/^$J^(/_1-U_\`!Y!_
MA0!F_P#",7O_`$)][_X5,W_Q5'_",7O_`$)][_X5,W_Q5:7_``E7Q!_Z)NO_
M`(/(/\*/^$J^(/\`T3=?_!Y!_A0!F_\`",7O_0GWO_A4S?\`Q5'_``C%[_T)
M][_X5,W_`,56E_PE7Q!_Z)NO_@\@_P`*/^$J^(/_`$3=?_!Y!_A0!F_\(Q>_
M]"?>_P#A4S?_`!5'_",7O_0GWO\`X5,W_P`56E_PE7Q!_P"B;K_X/(/\*/\`
MA*OB#_T3=?\`P>0?X4`9O_",7O\`T)][_P"%3-_\51_PC%[_`-"?>_\`A4S?
M_%5I?\)5\0?^B;K_`.#R#_"C_A*OB#_T3=?_``>0?X4`9O\`PC%[_P!"?>_^
M%3-_\51_PC%[_P!"?>_^%3-_\56E_P`)5\0?^B;K_P"#R#_"C_A*OB#_`-$W
M7_P>0?X4`9O_``C%[_T)][_X5,W_`,51_P`(Q>_]"?>_^%3-_P#%5I?\)5\0
M?^B;K_X/(/\`"C_A*OB#_P!$W7_P>0?X4`9O_",7O_0GWO\`X5,W_P`54UCH
M-]8:G;:A#X*F>XM6+0M/XB>4(2I4D*Y(S@D=.]7/^$J^(/\`T3=?_!Y!_A1_
MPE7Q!_Z)NO\`X/(/\*`)5TR[T;X*7]CJ2)'=1:7=&1$?>%+*[8SWZUVU>;ZS
MK7Q!U;0;_3A\.UB-Y;20"0ZW`=N]2N<8YQFO2*`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
=**`"BBB@`HHHH`****`"BBB@`HHHH`****`/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>aif_pg47.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg47.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`)W`LX#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#W#5?%B:=K
M7]EP:7?:A<"$3,+5`VU22!G)'I4'_"877_0JZY_WY3_XJB`?\75O?^P5'_Z,
M:NGV^YH`YC_A,+K_`*%77/\`ORG_`,51_P`)A=?]"KKG_?E/_BJZ?;[FC;[F
M@#F/^$PNO^A5US_ORG_Q5'_"877_`$*NN?\`?E/_`(JNGV^YHV^YH`YC_A,+
MK_H5=<_[\I_\51_PF%U_T*NN?]^4_P#BJZ?;[FC;[F@#F/\`A,+K_H5=<_[\
MI_\`%4?\)A=?]"KKG_?E/_BJZ?;[FC;[F@#F/^$PNO\`H5=<_P"_*?\`Q5'_
M``F%U_T*NN?]^4_^*KI]ON:-ON:`.8_X3"Z_Z%77/^_*?_%4?\)A=?\`0JZY
M_P!^4_\`BJZ?;[FC;[F@#F/^$PNO^A5US_ORG_Q5'_"877_0JZY_WY3_`.*K
MI]ON:-ON:`.8_P"$PNO^A5US_ORG_P`51_PF%U_T*NN?]^4_^*KI]ON:-ON:
M`.8_X3"Z_P"A5US_`+\I_P#%4?\`"877_0JZY_WY3_XJNGV^YHV^YH`YC_A,
M+K_H5=<_[\I_\51_PF%U_P!"KKG_`'Y3_P"*KI]ON:-ON:`.8_X3"Z_Z%77/
M^_*?_%4?\)A=?]"KKG_?E/\`XJNGV^YHV^YH`YC_`(3"Z_Z%77/^_*?_`!5'
M_"877_0JZY_WY3_XJNGV^YHV^YH`YC_A,+K_`*%77/\`ORG_`,51_P`)A=?]
M"KKG_?E/_BJZ?;[FC;[F@#F/^$PNO^A5US_ORG_Q5'_"877_`$*NN?\`?E/_
M`(JNGV^YHV^YH`YC_A,+K_H5=<_[\I_\51_PF%U_T*NN?]^4_P#BJZ?;[FC;
M[F@#F/\`A,+K_H5=<_[\I_\`%4?\)A=?]"KKG_?E/_BJZ?;[FC;[F@#F/^$P
MNO\`H5=<_P"_*?\`Q5'_``F%U_T*NN?]^4_^*KI]ON:-ON:`.8_X3"Z_Z%77
M/^_*?_%4?\)A=?\`0JZY_P!^4_\`BJZ?;[FC;[F@#F/^$PNO^A5US_ORG_Q5
M'_"877_0JZY_WY3_`.*KI]ON:-ON:`.8_P"$PNO^A5US_ORG_P`51_PF%U_T
M*NN?]^4_^*KI]ON:-ON:`.8_X3"Z_P"A5US_`+\I_P#%4?\`"877_0JZY_WY
M3_XJNGV^YHV^YH`YC_A,+K_H5=<_[\I_\51_PF%U_P!"KKG_`'Y3_P"*KI]O
MN:-ON:`.8_X3"Z_Z%77/^_*?_%4?\)A=?]"KKG_?E/\`XJNGV^YHV^YH`YC_
M`(3"Z_Z%77/^_*?_`!5'_"877_0JZY_WY3_XJNGV^YHV^YH`YC_A,+K_`*%7
M7/\`ORG_`,51_P`)A=?]"KKG_?E/_BJZ?;[FC;[F@#F/^$PNO^A5US_ORG_Q
M5'_"877_`$*NN?\`?E/_`(JNGV^YHV^YH`YC_A,+K_H5=<_[\I_\51_PF%U_
MT*NN?]^4_P#BJZ?;[FC;[F@#F/\`A,+K_H5=<_[\I_\`%4?\)A=?]"KKG_?E
M/_BJZ?;[FC;[F@#F/^$PNO\`H5=<_P"_*?\`Q5'_``F%U_T*NN?]^4_^*KI]
MON:-ON:`.8_X3"Z_Z%77/^_*?_%4?\)A=?\`0JZY_P!^4_\`BJZ?;[FC;[F@
M#F/^$PNO^A5US_ORG_Q5'_"877_0JZY_WY3_`.*KI]ON:-ON:`.8_P"$PNO^
MA5US_ORG_P`51_PF%U_T*NN?]^4_^*KI]ON:-ON:`.8_X3"Z_P"A5US_`+\I
M_P#%4?\`"877_0JZY_WY3_XJNGV^YHV^YH`YC_A,+K_H5=<_[\I_\51_PF%U
M_P!"KKG_`'Y3_P"*KI]ON:-ON:`.8_X3"Z_Z%77/^_*?_%4?\)A=?]"KKG_?
ME/\`XJNGV^YHV^YH`YC_`(3"Z_Z%77/^_*?_`!5'_"877_0JZY_WY3_XJNGV
M^YHV^YH`YC_A,+K_`*%77/\`ORG_`,51_P`)A=?]"KKG_?E/_BJZ?;[FC;[F
M@#F/^$PNO^A5US_ORG_Q5'_"877_`$*NN?\`?E/_`(JNGV^YHV^YH`YC_A,+
MK_H5=<_[\I_\51_PF%U_T*NN?]^4_P#BJZ?;[FC;[F@#F/\`A,+K_H5=<_[\
MI_\`%4?\)A=?]"KKG_?E/_BJZ?;[FC;[F@#F/^$PNO\`H5=<_P"_*?\`Q5'_
M``F%U_T*NN?]^4_^*KI]ON:-ON:`.8_X3"Z_Z%77/^_*?_%4?\)A=?\`0JZY
M_P!^4_\`BJZ?;[FC;[F@#F/^$PNO^A5US_ORG_Q5'_"877_0JZY_WY3_`.*K
MI]ON:-ON:`.7/C&Z'_,JZY_WY3_XJM?0M:AU_24O[6.2)'9D*2C#*5."#^(K
M0V\CDUS/P\_Y%3_M[N/_`$:U`!;_`/)5;S_L%1_^C&KJ*Y>W_P"2JWG_`&"H
M_P#T8U=10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%!XKF?$?B5[.2+3M(@%WK%QD0VY/"CO(Y'11^M`'
M345Q<7B/Q!I)"^(=!,\0^]=::V]1[E#S^5;.F^+=&U9O+LKV)IAU@D.R0?\`
M`3S0!MT4Q9-W;'UI]`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%``>HKE_AY_R*A_Z^[C_
M`-&M74'J*Y?X>?\`(J'_`*^[C_T:U`!;_P#)5;S_`+!4?_HQJZBN7M_^2JWG
M_8*C_P#1C5U%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!03@$TA.!FN9\8>*U\/VL$=K`]YJ5ZWE6=G'UE?W]%'
M4F@!WB?Q+_9<,5KIZ&YU:Z)6TM%ZL?[S>B#N:3P?X7?0K>>YU*Z^WZO?,)+R
M[8=3_<7T0=A2^%_#K:?YNHZJXNM8O`#<7!'"CM&@[*/UKI``.E`"%`1@UD:M
MX5TC6U_XF-C#*^,"4+M<?1AS6S10!Q9\)ZQI!+^'/$4\<8Z6E_\`OXS[;C\P
MI]OXDUO3FV^)-#DVC_EYTT^<F/4K]X?K788%(4'8"@#(TOQ9HFL\:;J,$[CK
M&&PX^JGFM=7W=B/K6)JWA#1-9)DO].A:4=)D&R0?1AS61_PC'B#1X\^'_$<C
MQK]VUU%/-3Z!A\PH`[2BN-_X2S4M*11XFT::$#[US8_OXOR'S#\JW-*\3:1K
M*`Z9J$%Q_LJWS#ZJ>10!K44Q9`QXI]`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%``>HKE_AY_R*A_Z^[C_P!&
MM74'J*Y?X>?\BH?^ONX_]&M0`6__`"56\_[!4?\`Z,:NHKE[?_DJMY_V"H__
M`$8U=10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!2$X&:4G`R:QO$7B*UT"R$MR&EDE/EV]O'S)._95']:`(?$GB.'0X(
M]L;7-Y<GR[6T0_-,W]`.YJMX<\-S6]S)K&NNMSK-RN'8?<@3M&GH!W/>N3T1
M-1T+QR=6\;!'?6=L-I.IREDW_/N>PS_>[FO48V5L[#G'!H`<`!T%+110`444
M4`%%%%`!2$`]1FEHH`8T:EL[1GWK$U;P;HFL,9+K3XUF[3P_NY!_P)>:WJ*`
M.,'ASQ'H[J="U]KFW3_ETU%-X(]!(/F%._X3*YTEO+\3Z+>6@S_Q\VJ^?#]2
M1R/Q%=CBF-$I'W10!GZ9XATK6(O,TN_@NE](W!(_#J*TLUSNK^!]#U9Q)+8K
M#,.1<6Q\J0?\"7%<\L?BK1?%J:-I.JIJ5L;(W(CU/E@0VW:'7G\Z`/1**XU?
M'$VFOM\4:->Z;C@SQKY\/UW+R!]171:;KNEZO#YNF7\%TN,DQ.#CZCK0!H44
MU9%;I3J`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"B@G%0"]MS</`LJF9`&:,'D`]#B@">BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`#U%<O\//^14/_7W<?^C6KJ#U%<O\//\`D5#_
M`-?=Q_Z-:@`M_P#DJMY_V"H__1C5U%<O;_\`)5;S_L%1_P#HQJZB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***R?$.OV7A[1
MY]0U"4K%$.$49>1CT51W)/%`!X@U^ST#3)+J[8D_=BB7[TKGHJCN36#X5T'4
M;J[?Q#XJ5'U&;_CWM^JV,7]P?[7J:/#^CWFKW\'B7Q)&1<NI^R61^[9(>G']
M\]SVZ5V2(J#"]*`*.J:19:MI\ME?6ZS02+@J>WH1Z$>M<UX<U.^T74T\+>()
M3)<[2]C>G[MS$#]T_P"V!U'XUVM8GB?PY#XDTMK261H)%(>"YC^_!(.C*?Z=
MZ`-H,#TI:Y/PEXBFN&GT?70L&L67RNN>+A.@E7V/Z&NL!S0`4444`%%%%`!1
M1G%("">M`"T444`%%%%`!7+S+Y7Q*M9II%`FTV2-$[DAP3^AKJ*Y75`#\2]#
M!'_+G<_^RT`=*T*.I!4$'J#WK`U3P-H6HOYWV$6USGB>T8PO^:XKI`,#%%`'
M'Q:3XJT=2-,U6/5(5^[#J"X<>PD7^HI$\=G3Y!'XGTF]TEN\A3SH3[AUZ#ZB
MNP(!ICPQR*5=0P/4'O0!6T_6-/U6$2Z=>07*GO%(&JV)%)P#7.:CX$T*^E-Q
M':-97743V3F%\_AP:J#3_%NB)_Q+K^'6HEZ0WR^7)CVD'7\10!V%%<<OCV.R
M=8O$FGWFC2=#)-'OA/TD7C\ZZ6PU2RU*$36%W#=1GHT+AOY4`7**3<.F:6@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***;)+'"A>5U1!U9C@"@!U-
M9PO4US'B+X@:#X>E2":]6YO91^ZL[8B25S]!T'N:Y36M:UW4-(NM3\1:C#X9
MT.",R-!9RK)>3+Z%NBD^@H`Z_P`0>.-(T*46KRM=W[?<L;1?-F8_[HZ?C7FU
MWK/C1O'TNJ0:$]O:Q?9Y;RVAE#SFW&>-OJ>N!Z5YO8?$[7+O4FT_X8Z%!8[V
M+-<.!-<R#^]([U,U[\6=.\3Q"?7((M1O6B@^>9"#G)0-C@#@T`?2GA_Q=H_B
M.-CIMXC2I]^WD^26/_>0\BMM6#C*G(KYUO;CQ39W4,WQ$T2SGCC/S:[HEPJ7
M$'^T=I^8#N"*]!M_$'B/PW!'+--!XGT9D#I=0NJ7:(>F4Z/Q^-`'I5%<_P"'
M_&NA>([0S:=J4#%.)(W8(\9]&4]*WU8,H*D$'D$=Z`%HHHH`****`"BBB@`H
MHHH`****`"BBB@`/45R_P\_Y%0_]?=Q_Z-:NH/45R_P\_P"14/\`U]W'_HUJ
M`"W_`.2JWG_8*C_]&-745R]O_P`E5O/^P5'_`.C&KJ*`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"@\452U34[72M.FO+Z9(8(1EV8]/
MP[GVH`AUO6K+0]+FO]1N$@ABP"3U8GHH'<GL*YS2=*O/$.IQ:]XDMBB*<V.G
MDY%NO9W]7/Z4RPTJ?QAJ<.L^(;8PV,+>9I^GR#D'M-(/[WH.U=M'&$0`4`*B
M!%`%.HHH`*#THHH`YCQ5X:.I)!?Z8WV?5[#,EG/C//\`<;U4]*L>%/$:Z]8/
MY\?V;4+4B*]M#P89/3Z'L:WB,BN0\3:#=6]]'X@\.K_Q,HL"XA)XO(1U0_[0
M[&@#L`0>E%9.@:]:^(-,2]L2WDME2KC#(PZJ1ZBM:@`HHHH`YSQ-XE;1FAM+
M.V^V:C>OY=I;9P'8=2Q[*.YKS9OBGK\>O2P_;+-[=)_LK,+%_LR3_P#/,S9_
M#.*[?5'AL_BMIT][\BW-A);VLC'Y?,W!BN>Q(KS35/$NE^+/&*Z-*KZ-X;L+
MP.8$M'WZA<;NIP/E7/<]:`/6_"GBK_A(+>:.XM9+'4+23RKNTEZQMV(/<$<@
MUTM<)H#0WOQ,UNZL@#!!;PVL\BGAIASC\!@5W=`!1110`5RNIG_BYFA_]>=U
M_-:ZJN7U<)#X[T"9U9I)4N(5QT`VAB3^5`'4"B@44`%%%%`!1@&BB@"*:WCG
M0I*BNA'W6&17.7G@#0[B8W-K#)IUV>?/L)#"V??'!_$5U%%`'&BU\7:'&?L,
M\&N1`_ZNZ'E38]G'!/U%/7Q_:VTBQ>(+&\T64]3<Q9CS[2+D5UQ&:CGMHKF,
MQSH)$/!5AD'\*`(K/4+2^@$UG=0W$9&0\3AA^E6-ZGHPYKF+GP!HSW)NK!)M
M+N<[A+8R&/)]U'!_*J\T?B_1N;5K;7H@<%)?W$V/8C@F@#L>M%<A#\0;"&46
M^N6UUHT_3%Y$1'_W\'RUTMG?07L"S6T\4\;='B<,/S%`%JBD5@PR#D>U+0`4
M444`%%%%`!1110`4444`%5=1L+?4K&2UO($GAD'S1N,@_6K5%`'CGBCX-)>Z
M7=7,NKP6$<<;R.;+3T63:!G&[.>E>7V?PT\*:CH^EW\?C/5#:ZM<M:QJ\0_=
MR@9(<9XZ5]1Z]!+=>'=1M[==TLMK(B*.[%2`*\0/PNURR?PO-IMIMAE,3:K:
MG!\B55(\U?P/-`%/2K?PMI&BV=KH]G,MA'/]FE\0W&GB2.>0MCU&%]^E8_B3
M3'7Q#+J<-O\`:-+TJ^BAO+R+3U$:;<[CMSR/F'UKN3H/C5?`O_"`IH4'D[O*
M75#.#'Y&_.XKUWX[50O/AE>7D&M6<%X1JL-ZMW#9&X(@N8.`HD7H"VTT`5KN
M:UM];CTAM,N)+B<%HA%H2%9DXRP^;D#(KF+OP'I7B#Q+<FUO/$28N/(=K.Q5
M;>)QP<?-P!7N(TC5+GQUX>UN6T2WM[/3Y89T#Y\MFQA1Z]#7(:7X!O;/7+V\
MU'PQ-?2R:B]S#<Q:GY:["V1E/6@"AIG[-4>EZBM[!XKN6E!R1);*P?V89YKV
M#0M/U'3K0V^HWT=VJ8$1C@$6Q0.F!6HA)09&#CD>E.H`****`"BBB@`HHHH`
M****`"BBB@`HHHH`#U%<O\//^14/_7W<?^C6KJ#U%<O\//\`D5#_`-?=Q_Z-
M:@`M_P#DJMY_V"H__1C5U%<O;_\`)5;S_L%1_P#HQJZB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBJ6K:K9Z-ILU_J-PEO;0KNDD<X`']3
M[4`&JZK::-ILU_J,Z06T"[I)'/`'^/M7G\>F7OQ'$^I:Y%-8Z1C_`(E5IDB3
M=VN''K_=%3Z9IUY\0-4BUOQ!#);Z'"WF:=ID@P9B.DTH_4+7H<:;%`]!CITH
M`Y/PGKMX+N3P_P"(,+JMDN!.>%O$[2*/7L1V-=<#D9KG?%?AW^U[6.ZM)OL^
MJ6+>;93CC:^/NGU4]"*=X6\2)K5D\4T1@U"T?R;VW/6*0=QZJ>QH`Z&B@$&B
M@`HHHH`*0C-+10!P6N6ESX4UJ3Q)I,326,G_`"$K*(8W]O.4?WAW]17:6-];
MZA:17%G*LT$J!TD0Y#`U-)$)!ANGN,YK@F$G@#6FD@C8^'+Z8F7N+"0_Q#TC
M)_(T`>@44R*19(U=&5U89#*<@CU%/H`RM;\/V'B&S-KJ<7FQA@Z$':T;#HRG
ML:P)?`U_/`;.3Q5J/V(\;`B"0CT,F,UVE%`&;HVAV.AZ=%9Z?$(XHQ]68]RQ
MZD^]:5%%`!1110`5RWB'_D>/"W_72X_]%UU-<MXA_P"1X\+?]=+C_P!%T`=3
M10**`"BBD9@!0`M%5O[1LQ(8WN[<2`X*&5<@^F,U8!!H`6BBB@`HHHH`*0C-
M+10!7GLH;J)HKE%E1N"KJ&!_`URNJ>"-*L8+O4]',VDW443R!K.38I(&>5^Z
M?RKLJP?&TP@\#:Q(2>+5QD>I&!_.@"?PK=SW_A33;N[;?/-;J\C8QDD=:UZH
MZ)$8-"L(F`#);1J<=.%%7J`"BBB@`HHHH`****`"BBB@`HHHH`,4W:/6G44`
M-V^]>1>,KB:#XNZ.L$CH)+ZS1]IQN7#\'VKUYAD$5P/BWP9/J/C'1=9L#N>*
M_ADN`S8"QQAAD>IYH`[[:*0**=10`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`!ZBN7^'G_(J'_K[N/_`$:U=0>HKE_AY_R*A_Z^[C_T:U`!;_\`)5;S
M_L%1_P#HQJZBN7M_^2JWG_8*C_\`1C5U%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4452U75K/1=.FOM3G2WMH5W/(YZ?XF@`U;5K/1M-EO\`4IT@
MMH5W/(YZ#^I]JX;3--O/'^J1:UXAB>WT.%M^FZ7(,&4]II1^H%&F:9>>/]3C
MUOQ#$]OHD#;].TR08,OI-*/Y+VKT1%V@=,@8XH`$7:H'H,4ZBB@!&4,,$`CW
MKD?%6AWD-ZGB/P\,:E:+B2`<+>Q=T;_:'8UU]-=`ZD'H:`,SP_K5GKFCPWUB
M^^.0D$'@HPX*L.Q!XK5K@]7M9?!VOMK^F(SZ7/C^TK.,<*2?]>H]1W]J[6SN
MHKVUCN+:19(9%W(Z'(8'O0!/1110`4444`%5KVSCO;62WN%5XI5*NK#(93U!
MJS1UH`X+2+I_!&JKH6I2,^D3/LTJY?GRR?\`E@Y_]!-=W&^]`V,9[&J&LZ/:
M:UI<MAJ$(E@EZ@\%3V8'L1V-<YX<U:\TO5SX:\1SF2]12UG=-PMW".G/]\="
M/QH`[2BFJVX9%.H`****`"BBB@`KF?%4S0:SX<:-5WO?^7N(R0"ASC\JZ:N5
M\8?\A?PQ_P!A0?\`H#4`=4.!1110`5Q7C*XOKO5]/\.:;<R69U+?)<W<9^:*
M%`,A3V)SUKM:XGQE%?V.JZ?XDTZVDO/[.WQW-O']Z2%_O%1W((!Q0!PV@Z/%
M>_$B;P]JGAF"QTO["\MOYC;IYR'QYK/U!/:NS\+M>:#XKO/"UW/+<VR1K=:?
M-,^YQ$3AHRW?:?YUF#Q%H$OCF'Q4FM6R646FM;-"X83!RV<;,9]L5J^%UN?$
M'BFY\4W5M):6WDBUL(IE*R-'G+2$=MQQQ[4`=U1110`4444`%%%%`!7,?$-B
M/!%Y$!Q.T<)^C.`<5T]<GXY??!I%J`2TVJP8'8A26.?RH`Z>WC$-O'&#D(H4
M'Z#%2TU#N7/K3J`"BBB@`HHHH`****`"BBB@`HHHH`****`"D(SBEHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`/45R_P\_Y%0_]?=Q_Z-:N
MH/45R_P\_P"14/\`U]W'_HUJ`"W_`.2JWG_8*C_]&-745R]O_P`E5O/^P5'_
M`.C&KJ*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBJU_?6^GVDMQ>2K##$
MA=Y&/"@#DT`%]?V^G6TMS>2K%!$A=Y&.`H%<-9Z3=>/-836-;#+H=JP;3M.=
M<&9O^>TH_DOXU5TS4X_'_B9XM0$L&G6(2:UL)EP;M2>)F]5]!^=>E*@4?*`/
MH*`!5QC@<>W2G444`%%%%`!1110!%-$LD;*R@AA@@CJ#UK@[>23X>:U'9S.1
MX:O9`MLQ.?L4S'[A/]PGIZ&O0:IZIIMKJFG7%G>PB6&>,HZGN#_7WH`LQ2+*
MFY3D4^N&\.:E=>'M37POKDK.F=NEWC?\O,8_@8_WU_45W(Y'2@`HHHH`*,UQ
MWBOQ5>6-[_9.@Q1OJ'D-<SSSY\JUA'\38ZGCA>]<%HGQ%\3ZOJ%I:P7)\Z]C
M:6Q6^LA#'?JOWMC*<J>.,T`>W5A>*/#D'B'3#$TAMKJ)O,MKM/OP2#HP_J*=
MX7\1)XBTI+@0/;3HS1W%O)]Z*13@J:VR`>M`',>%?$<FH&?2]6C%MK%BVR>/
MH)1VE3_9/\ZZ8'-<QXL\/7&HM#J>DR"#5M/RUK(.CYZQOZJ:M>%O$<6O:=N=
M#;WT+>7=VC'YX']#[>A[T`;U%%%`!1110`5R_BZ&1]1\.RHA*1:FI<CL"K"N
MHKF/'3,MAI6QBI.K6PX/;<:`.F!S2T@I:`"D*@]J6B@"J=.LS+YAM("Y.=QB
M7.?7.*LA%`X%+10`4444`%%%%`!2,VVJ>HZI9Z79O=:C.EO!&,M(YP!_]>N2
M%]KGC0E-(:72-%)R;N1<7%RO_3-3]P'U/-`&AKOC2UL[O^R]*C?4]7<96TM^
M=GN[=$'UKGM=\.:[-I+^(]4OC/JFGN+JUL[?(@B"_>7'\1*Y&379:'X;T_P_
M;&'3;98M_P#K'/+R'U9CR36K+&&A*;001C!Z&@"OI-]%J>E6U];MNBN(ED4_
M45<KC?!7F:1?ZIX:E)VV$WFVI/\`%!)\PQ]#D5V0H`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`#U%<O\//\`D5#_`-?=Q_Z-:NH/45R_P\_Y%0_]?=Q_Z-:@`M_^2JWG_8*C
M_P#1C5U%<O;_`/)5;S_L%1_^C&KJ*`"BBB@`HHHH`****`"BBB@`HHHH`***
M0G:"3T%`"2'$9/M7"7:GQYK_`-B0L=!TV7-S(#Q=S*>(_=!W]:L^*=5O-6U5
M/"WAZ79<3*'O[H#(MH#P0#_?/0#\:Z71]+MM'TR*QLXA%!"NU%]O4^IH`R/%
M/AI]4M[>XTAUL]4L6#VLXX``ZQMCJIZ$5+X8\3+KEFYN(C:W\#>7=V;GYH7'
M\P>H-=`0*Y#Q1HEU!>IXC\.H#JMM'LD@/W;R+.2A_P!H=C0!V`.:*RM`URUU
M_34O;-SL;Y71OO1..JD=B*U:`"BBB@`HJ.>9+>%I97"1H"69C@`>I-<8WQ%B
MNA+/HFDWNHV,8):]&V*+CT+$;OK0!V]!&>M<_P"'O%UAXB9XK8RPW,.#+;3K
MM=0>A'9A[CBN@H`Q/$WAV#Q!I3VDCFW=2)(+B/AX)!T=3V-4/"WB.>YDFT;7
M<0ZS9X#KVN$[2I['OZ&NI(R"*YKQ3X>EU$6]_I)$&KV(+6DW0>Z-ZJ>E`'34
M&L'PSXEBU_3VE9#!<PL8KFV?AH9!U!'IZ&MW.1Q0!Y_<:E_9/CW7H'@62ZO[
M*.:QB<X^U%%(:,'USV]ZX73;\:]\4-`US1K&^ANXHW&JVM[&5@TZ/&"$)``/
MTZU[!X@\,:=XBMHXM0A):)_,BFC8K)$W]Y6'0UCR_#^&>.--1UO6+ZW0\V\M
MSA9/][`&:`(_A^XO=0\0:K;_`/'E?7Y:W//SA5"EQ[$BNWJI;1VME!'%"B0Q
MHNQ$48``[58\U.QSGTH`<R@CD9KCO$NB7UCJ8\2^&8Q_:$8`NK<<"\A'5?\`
M>'8UV`<$XH=0R$$<&@#,T+7K'7=*AO;"821RY&#U4CJI]"#VK5[5P6M6<O@O
M6I/$6E1DZ3-SJ=E$N<-VG0>H[CN*[6RNH[VU2X@=9(I%#(ZG(8'O0!8HHHH`
M*Y?QU_QX:5_V%K;_`-"-=17->-XU;2K*6241)!J,$K$^S8Q^M`'2=Z6D%+0`
M4444`%%%%`!103@<U0U/6;#2+-KK4;J.W@4<NYQ^`]3["@"X\@3K7*Z[XXBM
M;P:7H4#:KJY_Y=X3\D0]9'Z*/UJBTWB#QJ"+4S:+HQ.#,1BYN5_V1_`#Z]:Z
M;1O#^GZ#9K:Z;;+%'C+'JSGN6/4F@##T[PA<7M['J?B^X34;U/FBMT&+>W_W
M5[GW-=>B!>P';BE`I:`"@C(HHH`XKQ>S:-XATGQ'&`$AE^QW9Y_U4G0GZ-C\
MZ[*)MZ9SGWJCKNFQZOH5Y82KE;F(QGGIGH?P-97@;5GU#PU##=L1?63M:7*M
MUWH<9_$8/XT`=-1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%``>HKE_AY_R*A_Z^[C_T:U=0>HKE
M_AY_R*A_Z^[C_P!&M0`6_P#R56\_[!4?_HQJZBN7M_\`DJMY_P!@J/\`]&-7
M44`%%%%`!1110`4444`%%%%`!1110`$@#)KF?%?B272TALM+C6YU2_;RK2'T
M/=W]%'K6AX@URTT32IKJ\8@+PD:_>E;LB^YZ5D^%="G^U2^(M;PVJWJ@!<Y^
MS0YR(A_7WH`N^%O#4?A_3#&S&:\G<S7=RQRTTAZGZ=@/2M^BB@`I",TM%`'"
MZ[87?A74W\1Z-&6M)FSJMHO\:_\`/9!_>'?U%=AIVH6VIV,-Y8S+/!,@='7H
M0:FEB61<.-PZ$'H17!/YOP]U9[B-"/#5Y(%>)1G[#*3]\?[!/7TH`]!HJ..5
M712KJ^0#D'((]:DH`Y/XDN/^$1\B65HH+JZAMYF4X^1G`(S[]*\N^.>M3P:=
M)X3TV"ZLM+@LC-/<00$HY`_=Q`C@#U->VZYI5MK>C7&G7L>^"X38P'!'N/<5
MQ-_I'BV/0KC0;VQLO$6GSIY'F/,89#'VW\<D>HH`RM(O;6XT7P!K.GAX[O?'
M8D/&5:5"F''N`1D&O6AUKA_#7@^_AU:TU/7Y(?\`081;Z?8V^3%:)C&<GEF(
MXS7<XH`*.U%%`'&>)](N-,U)?$^@Q,]Y$FV\M5Z7<(Z_\"'4&NAT36+37=+A
MU#3Y?,@F7(/<'H01V(K09`V*X/4H+CP-K$FLV*$Z)>2`7]M&O%NY/^O4>G]X
M?C0!WI8`<USWB?Q3;:%:JJAKF]F.VWM8QEG;^@]Z@\4^+K;0]%@N+=X[B:[P
MMK\WRN3_`!9_NUC>';O1[>XDU#6M6MKO5+D_-.`0D?\`L*2,`5M"GISRV-Z=
M/3GDM#3L/#4VJ6\-YXIDDN+MAN\A'*Q19[`#KCUK.UBRU'P9(=5T5Y9M+0YN
M[*1BY5?[R?X5W43H^-C*PQD%3G-+/$LL3)(H9&&&4CJ*F-2TM=B55:E=K0KZ
M?=PWME#=6[AXYE#J1W!JX*Y#0MV@>)'T$#_0YE:XLR<_+S\R?AUKK]PJ9I*1
M-1)2T&2QB1&4J"",$'H:X-2_P]U@)(Y/AW4)\^VGR-V]HR?R-=_D53U"QMM2
MLY[:]A6:":,QNC#J".:D@M12I*NZ-@PZY'(-/KA-#O+CPAJD?A[59"=-EP-,
MO)3R?^F+GU'8]Z[I6!)P1D=:5P%KEOB)C_A$C_U]V_\`Z-6NIKEOB)_R*1_Z
M^[?_`-&K3`ZGO11WHH`***1F"KD]!0`M-9U7@D`^E4=5UNPT:P>[U&Y2")1P
M6/+'T`ZD_2N35M=\;2*P6;0]$<8WD;;JY7_V13^=`%[6?&31WK:9X:LSK&J#
MAXT;$4'O(_0?3K2:7X.EGO$U7Q7<#4M27E$VXM[<_P"PG]3S6]I.A:?HE@EG
MIENMO"ASA>K'U)ZD_6M$#%`#%C5<X'6GT44`%%%%`!1110`C#<I!&:XS"^'_
M`(E;0-EIKT>X^BW"#G_OI?Y5VE<OX[TR>]\.2W%D/],L'6\MR!SN3G`^HR*`
M.G!!'%+6=H6I1ZOHEIJ$!RES&)![9'(_"M&@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****``]17+_#S_
M`)%0_P#7W<?^C6KJ#U%<O\//^14/_7W<?^C6H`+?_DJMY_V"H_\`T8U=17+V
M_P#R56\_[!4?_HQJZB@`HHHH`****`"BBB@`HHHR/6@`JO>7D-E:R7%Q*D<<
M2EW=S@*HZDU))*$7/7)Q7"7;/X^\0-I\!_XI^Q?-Y*IXO91_RR'^R.]`$NB0
M3^+]>3Q'J4;IIUN2NF6KCANWGD>I[#TKN$0(@4=!3885AB6-`%5!A5'0#L!4
ME`!1110`4444`%5[RUAN[=H+F-9(G!#(PR&![&K%!&:`//\`2[B?P/K<>B7Y
M>;2KQS_9UVY_U)Z^0Y_]!/X5WR/N`]3VK/US2+77-(GTV_BWP3C:V."/0@]B
M#S7/>&=5O-,U4^'/$4F;B//V&[88%Y$!_P"ACN/QH`[.FD"E!!JK?2R16\CP
MX+J,@'I31,I<JN3[P.IIP;-9*-JDB!A);@$>AH6XOXKJ)+AH61C@[`<T^4Q6
M(3Z,UR0.M(7`[U$S`*<\<9S7F*3>)M=\2W>J:/<*]K9RF)+9V*QOZGCO6E*D
MZEW>R1W4:7M;ZVMW/4PV1S4-U;17<+13+OC=2K(>C`]0:XU_&VH:9A=<T*YA
M`^]-%\Z#WKK].O8K^TCN;=@T<JAU(]#4RIRBKL52E.FKO8X2*!/"&KP:3JEN
MEQH5U+MTN650PLW_`.>1)Z`]C^%=JVG6<MIY+6T)C(^9-HQ^5+K&D6NN:7/I
M^H1^9;SKM=?Y$'L0>:YCPWJ=UH^L'PSK\IDNDS]@NV'%W".F?]M>]0FUL9IM
M;,LZ-"="\52:5"S&QN(3/"C-GRF!P5'M6[K6H2:=H=[>VT0GFMX6E6+.-^T9
MQ535O#UKJ\T=Q,98[B(%8Y8G*LN:P[@ZIX=O($O;MM1TFY/V>5YP!)$6X!R.
MH/2K:YE=&TDIJZ>IQ_B#XHQ-KWA^XMK0[$MA>32J<[-ZG,6/7`K4U3XO-8>$
M]&U:'3HKBXU,M(ULLW^JA7JQ/KC'%9`^#5V/!&HZ2FIQ?;[C4!<6]R0?W<0X
M"?\`?)-:%U\%M,U;6FGU2=H;2*V2WM8;%C&>!\[-ZDFE>+BHM$<T7%)K4LZY
M\9+6VNK*T\/VJ7LMYRL]R_DVXXSC>>IJKJ_C[Q_IF@6>K?V!IHM[EUB99)B&
M21FVJ!C((/K1_P`*\\26GAVPTVUOM+O;>T62'[)J$)DBDC)^1SCD.!Q6K_PK
MZ]3X;:=X:BOHY);:\BN'F<$+A7WE5'4`=!2]U;";70YSQ?XVU.6]M?"GB+P[
M907EU`9M\]Z(XE8'AHWQU%=7X#\3ZEMCT3Q4(DU?RO-BDB<.EU$.`RL.K#O5
M3XB?#_5/%'B6TU/3X]'N8HK%[5X-41V`+-G>NWH:@T70Y]1\-#P]J$L%GKVB
M$?9KFVR/+[HZ]\'H119-:!NM#U`'(KG?'@1?!UW-*F\0%)0OJ5<$4SPIXD?5
M!<V&J1"VU:P;9<PYX?TD3U4T[Q_SX"U7_KD/_0A4D'0POYD$;XQN4''U%/J&
MV(%G#D_P+_*J>L:Y8:%8-=ZE<I#$#@`G+.?11U)]A0!?:0*"<].U<IJWC&26
M[DTKPM:C5-1'#L&Q#;GU=_Z#FJ:PZYXTES<>=HFB/_RR4XNKD?[1_@4^@YKJ
M]+T:PT:R2UTRV6V@3HB#K[D]S0!S^A^"P+M=6\37;ZMJHY5G&(K?VC3H/KUK
MK5C51QFE``&`*6@`HHHH`****`"BBB@`HHHH`*KW\\=K83W$QQ'%&SL?8#-6
M#7*_$&Z>/PG<6<0S+?R1VD?U=@#^F:`'_#VS-EX(L0Q/[[?.`3G:'8L!^1KI
MZKV-NEG8PVT2[4A18U'H`,58H`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`/45R_P\_P"14/\`U]W'
M_HUJZ@]17+_#S_D5#_U]W'_HUJ`"W_Y*K>?]@J/_`-&-745Q5UK&GZ1\3;N;
M4[R&U1M,C4-*P4$^8:MR?$70-Q6UFN+YNPM+9Y/UQB@#JLTF:Y,^+M5NG*Z;
MX2U)^F'N62%3[\DFF/-XXNVS':Z18!AQOD>9A^6!0!U^1VI&<+R<`>IKE/\`
MA'?$EV=U]XLFB.>8[*V2,?F<FE'P_P!)E(.HW&H7[9SFXNW(/X`XQ0!L7WB/
M2=-'^FZE:0\XP\R@Y],5E-\0M$9BEFUQ?/V6UMW?)],XQFM"S\):'8<VNEVB
MG&,F(,?S-:R0I&,(BJ/]D8H`Y8^+-6NA_P`2WPI?R#LUPZPC]230TWC2\7"V
M^E:<#_$[O,P_+`KJ]OO2XH`Y!_"NNW\;+J?BFX17'S1V4"Q8SU`8Y./UKH=)
MTBST73X;+381#;PC"J/YGU-7J*`"BBB@`HHHH`****`"C-%-*\]:`%//>O-/
M$=I?^/\`6Y-/TJX&G66AW.XWZC=*]P!D*GHH_B/?I6]XY\5/X?TF&&P02ZMJ
M$OV;3X3_`!2'^(^PZU>\*^'_`/A'="BLC*9IF+2W,QZRRMRS?G0!5\)>([B]
MEDT;7$2#6[)0;B-?NRJ>DB>H/Z&NAN85GA="Q`<8R*P/%7AR74HXM0TB86NL
MV9W6UQ_>'>-O535CPMXEBU^P8&%K:\MG,-U;/]Z)QU_#T-`FDU9EE=(4#`NK
M@#_?J.[6RTF-[^[GV)$-Q:1^*O7]U!90/<7$@2.-=SL3P!7#16TOC_48[N<O
M%H=NQ,49X^T'U(]*WIQYM9:)%T,)3?ORTBB1]5\0^+%?^PHDL+!CM%U,#N<>
MH%=1X9T:/0]'2SB8N5)+N1RS'J:T;6%+>%8HD"HHP`.U6,<5-2I?W8JR-:E;
MFCRQ5D5;VWCN8&AG4,CJ5((Z@UR7P_E:TN-6T;S1+!8SXA?/13SM_"NA\01:
MA+I,L>DNB73KM1WZ+[UQ/@B6]T3Q!/H.H0Q>8R^<\RYS(Q[\UK2AS4I:_(VH
MTW*A/7Y'I@/%8/B?P[#KFEF(LT-U&WF6UR@^>&3LP/\`,=ZVTZXST%.;IQ7*
M<1S7A/Q%/J2R:=K$0M=7LAMN8#T<#I(O^R:?XU1)-&@60?(;R'/_`'U4'BCP
M]-<R1:UH[B+6++F)LX$R=6A;V/Z&J%_K\/B3X>S7=G;NLL.UI[:7B2%T8%E(
M]1C\JJ'Q(N'Q(SM9/B/5_B;-H>B^(I-'MX-+CN0$MUDWN7(YSVJGX6\9ZQK/
MB/PW9WTR@3)>Q7@10%F>$X##T^E;NI>!K+Q3JL/B"#6-2L)Y[-("]C-L#Q]<
M'\ZL7GPST6?2=-LK.:\T]M,+&VN;68K*N[[V6[Y[U+WU)DM3SKQ1X\\4V>@M
M/IM\1.GB2:S^X#N@0;MOY`U!:_$KQ#J=YXSO+6^V:=;:2;O3%"`[6!"EO?G-
M>E1_##0X](L=/+W#QV=P]T)'?+2R.I5F<]^#5>S^$?A^PTN>PMY+A8I]/;3V
M._D1E]Q/USWH$8/PW\3:OK/B)K5]9N==TQK!9Y;FXLO(^SSG'[M3@;N*ZSQ#
M`+#7]+UF$;6\X6\Q4?>1N!GUP:Z6SLXK&SBMX1\L4:H#CD@#`S^58GC/CPX\
MF[:\<D;H<=PPQ50=I%TW[Q7\5^&Y+N2#5]'8QZQ8Y:!NTX[Q/ZJ?T-9FL^(8
MO$/PQU29(_)N8H@EU;-]Z"0,,J1_G-=/K7B/3?#]A'<ZK<K&'PJ(.7D8]E4<
MDUQ$?A.\\9:_/J^H)-HFG7<(CFL8VQ+?(#P9NR_0<U)!N7?BV2\9-)\*6Z:C
M?(BB68G_`$>WXZLPZGV%3Z+X)B@OQJ^O73ZMJ[#_`%\H^2'VC3HH]^M;VF:1
M9Z/:):Z=!';P(,+'&N`/\:O4`-5`O04ZBB@`H)Q2,VT9]*X/Q-K>IWVN7>EZ
M+="PMM-M3<:C?!-S*,$K''VW<9)/2@#O-PQUZTH.:\#\&ZKXC\5W$%SH6L&U
MS&9&$^H+<L^#P'B(RN?;I7KG@W7CXAT5KF:`VUW#*UO=0'_EG*G!'T[CZT`=
M!1110`4444`%%%%``:Y37F6^\<Z#IG!$1>^D'^Z-J_J:ZEVVKFN0T=O[2^(V
MMWQ&4LDCL83[XW/^I%`'8`<4M%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`!ZBN7^'G_`"*A_P"O
MNX_]&M74'J*Y?X>?\BH?^ONX_P#1K4`5FT^TO?BM<F[MHIS'ID;(9%#;3O(X
MS76QP1Q+B)$3_=4"N;M_^2JWG_8*C_\`1C5U%`";>>:7`]***`"BBB@`HHHH
M`****`"BBB@`HH/%)NH`6BDSFESB@`IK&JFHZQ8:39O=ZC=16T"#F21L#Z>Y
MKC-5\?ZC#9_VKIN@2'1(9%^TW=VWELT9(&^-.I`SU.*`.^6J>JZE;Z/IEQJ%
M](([>WC,DC$]`/ZU861&B616!0J&!]J\_N5/C_QP]B)6.@:$ZFXV-\EW<]0A
M]57N/6@!/".CW/B3Q"GC;Q$ABF:,KIE@3\MK$?XSZNW7VKOIKB*UB9YI%15&
M26.!3BT<$>Y]J*HZ]`!7'?$-;:[\+-="976VD638KY$HS]TXJHQ<G9&E*#G-
M1[FP/%>A27*VZ:I;&5SA4W@Y-8/B^W_LN^7Q3I<R1WUO'MGMVD"K>Q=U/^T.
MQK1;PMI.M^'X(FLH[<2QJP:)`K+D9X-4+?X8Z4)%?4)[K4"GW1<2E@!]*VC&
MCU;5C90PS=Y2:\C+_M#_`(6#J=O9V;2KI"1B6Y/0LQZ(?I7HMA:16=I';6\:
MQQQC:JJ.`*XN_P!+?P5JAUS0K=VL)=HU2RC&<*!@3(.Q'<=Q7::?>0:C8Q7=
MI*LL$RAT=>C`]ZFI4YO=6Q-:JIVC#2*+0`I:!16)SD<@XKCO%FAWQO8]<T>X
M"7=K$=R./ED7J0:[,\US7CW43IWA>8Q9\Z;]S&!W+<5K1<HS5C?#<WMER]3F
MKSQ_?_V=H[:5IPN[J^+!XBV"=O7%6[+QQJ.GZC;P>*M)_L^"[XAF5]RJW]UO
M0UE#3H_#'C/PY)<`M!+:_9@['B.3KGZFNMU<:-XEM[G0Y[B&68##HK#>A[$4
MJG+SOE.^LJ$6E&'NO6_S.CB(D16SD$9'-<5XKTJXT;5'\2Z+"9=X":I9CD7$
M(ZLH_OC]14GPZU2XEAO-&U"0R76ERF+>W5X_X379RQB5=K#BH6CN>;.#I3L<
M'HTVH:99VTN@HNKZ+<J7M0K[7@!YVG/4?RK6'BM[&^6#7[,:>DB[DG,F]"?[
MI..#61=JW@#7FOX@6\.WTN;M!TL)#_RT4=D)Z^AKN-D%[;J7CCEC<;AN`8$'
MO5\Z?Q(.=/XD8]UXPT>WV*+G[1)*/ECMQYC$>N!2VWBS1;FU%PFH0A.>'<`C
M'7(ZYK5CT^T@;?#:P1MC&Y(P#6!KM[X:\,0B?4+6V#S-F.*.$-+,_HJCDFE>
MGV8?N^S'R>-M.+!+.*ZO&8$CR(&(_,X%<1?^(M9\9ZS#9:'IP6VM)BTDDSDQ
MK(/NER.N.NT5T-KI>M^+X]^M(^C:.3E-.A;$TR_]-6'W?]T5V-AIEKIMHEK9
M6\4$"#"QQK@"GS);(:G%;(P=&\%06=[_`&IJL[ZIJK##75QR$]HUZ**ZA5P*
M<**S,@HHS10`4444`-?..!DUYUJDDND^(O$-C<);@:Y`)+!KH[8I9`NUHF;L
M?\:]'K.U?1+'7;1K75+6*Z@)!V2#.#ZCT-`'BNFZ;)8>)O#^N7/AA/"%EHD$
MG]I7.]1%.,<(F#EN>F>:]+^'2SW&FZCK%Q`;<:O?/=PPLN&6,@!2P]2!G\:?
M9_#7PW8WBW"633,A#*ES,TJ*?96)`KK%7:,``#VH`6BBB@`HHHH`****`(;N
M5+>TDFE.U(U+L?0`9-<W\/[?/AE=0<?O=1FDNG/J&8X_0"IO'UXUOX,OXX3B
M>Y46T6.NYR%_J:V-)M%L-)MK.,`+!$L8`]AB@"Y1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%``>
MHKE_AY_R*A_Z^[C_`-&M74'J*Y?X>?\`(J'_`*^[C_T:U`!;_P#)5;S_`+!4
M?_HQJZBN7M_^2JWG_8*C_P#1C5U%`!1110`4444`%%%%`!1110`4444`%&*3
M(SBE/2@`Z52U+5;+2K?SM1N8K:(G&^5PHSZ?6HM9UJTT/39+R_D*HN`JJN6=
MCT51W)-<[HNA:EK.JC7_`!;%$K(NVQTX_,MLI_B;L9#W]*`,FXGT/Q/\5-*C
MBN;?5(8-/E<P_?2-PXVOZ9KN=;TX:GH-[9!5_?V[Q@$<<CBI&AL;&*2X%O#;
MK&A9G6,+@`9)XKR.#XO:GX@TO4]:T:>ST[2].NQ:JL\+337+'H``>,^E`&A#
MXOO+OP-H6AV)5=?U139L@.6ME3*O*?3`'YUZ!X:\/V7AC0X-,TY-L,2\D\EV
M/+,3W)->0?#V:X\5>*]=U;1;I="UM0([ZQN+3>N?[Z9.4R>HKI=.^(NM7%Z^
MB+ID5UK%LG[_`,N8+&Y!QN7V]NU7"#F[(TA3E4=HFGJ5I/XI\7W6E7EQ)%IM
MDBL88FVF4MZGTJR/AIHZW,<D3W"0H0QMO-)C)'<@U+X2TC48-0OM8UPHMU?8
M_<(<K&HZ#W-=@`".E:U*DH2M!Z'14K2IRY:;M9="."/RXE0``*,`#M4N!Z4`
M`=*3^+%<[./U&RQAXV&!DC'(K@V!^'FK;V<_\(Q=.-Z]?L,S'J/]AC^1KOR.
M*K7ME;7MM)!=PI-%(A1HW&0P/44`3QR+*@9""",@BGUPFEW=SX,U6W\/:K.9
M-/NG8Z;=-SM[^0Y/0C^$]^E=C+<HB%V?"J,DGC'UH!)O8G;CO7G_`([ODO=2
MTO3+17N+J*Z29D3HJ@]6K2O_`!_IL,K6]@LVHW6.([9=W/N>@KG[#P7J?B"_
MNM6UB[N-,^TGY;:!\,4[;C733IN"YY?(]##4U3E[2KI;8W?'3:+<>&I8]9N(
MX"@WQMN^=''3`ZYS7DNA*AU%[_4[J^T^=T$D5]'"S?-T.>.AZU[!I_P[T"QN
M$G:U:YF0Y#W$ADY]>:Z5;2$KM,*%0,`%1BN<THXR-"#A#6_7MZ'G?@>]T#3M
M0N[R;Q-'J-_=`"1Y?W9P.@`->BV]S%<('A<.C="IR*S;_P`*:+J"D76F6SD]
M_+`/YBN.O_#VH>![K^U?#+3W&G1\W.GM(3Q_>3/>D8S]GB)73M(]!O+.&\M)
M89X4ECE4JZ.,A@>H-<7I5U/X,UV/0M3E9]*NF)TVY<\0\?ZAR?\`QTU;_P"%
MC:&-!AU%+EY7FXCM(EW3.W]T*.<U6M=(USQ=<QWGB8+8:6#NBTI,,S^C2MZ^
MPZ4''*+@^66C+%YXJN]8NY-/\&0"ZD4[);^4?Z/;GO@_QGV%7=$\'6NGWO\`
M:=Z[ZCJS#$E]<'+`>BCHH^E;MC8P6-JEO;11Q11\*D:X"U:H)&@!>WZ4NZO/
MOB=KVIZ3=Z#::;JW]E)?W#I-<B#SMJJN>%K@[CQ_XKMDM(+O7)8+:7498$U-
M=,R\\2ID$1?7C-`'ONZC=7A>E?$'Q3J5BMG8ZFEP-0U06>GZS+;;,H%S(3'Z
MCH*M:[XZ\4^!]2N-$U2]AUBXNX4;3KS8(MC,X0^8O3`)S0![.SA>2<4)('&Y
M2"/8UX_XN'C?0/#]_+?^(;34+<6GG!_*$,J2`C[JC[R\U1\-^(M=@\,:F^EZ
MY<ZO?1VOF6]I-IIA1')'(8_>QSQWJ(N5]2K*USW'=0&R<5\]M\0O&*66I6UE
MK$E]?QVJ.EO/8_9YXY"V&`3^(`=*[3X7>*]9UK6;RPU?4_MRPP)(5N+7[-<0
MN>"I3NOO5DGJ-%%%`!1110`44FX4C.%Z_P`J`'457FO8+<`SS)&#W=@O\ZR;
MCQKX<MFVS:W9*W]T2@G]*`-Z@]*Y7_A8.BR'%DM]>GN+:S=@/8G`%12>+M4F
M)_L[PKJ4@)P&G9(@#[Y)XH`3Q.3?^+/#^D@9#7#7<N!_#&O&?Q(KKD&%Z8KA
M?#,U[K'Q!U34-5M$M)+"".R2)91(`3\['<!]*[P=*`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*``]17+_``\_Y%0_]?=Q_P"C6KJ#U%<O\//^14/_`%]W'_HUJ`"W_P"2JWG_
M`&"H_P#T8U=17+V__)5;S_L%1_\`HQJZB@`HHHH`*0X'7BEJGJE]%INF7-Y.
M0([>%I6SZ`9H`DEO[6",/<7$<*DX!D8+D_C1#?6URF^WG25<XS&P8?I7@WAW
M6+O7OB!IH\3:*;EM7D?;/<*?(AB";DCB'0G');WJ/Q/K^J>&/BI9#PQH@T>U
M6.0S&0X2_1/O$+G``[&@#Z%!R**BMI1/;13*,"1`X'U&:EH`****`"@].:*#
MTH`QM?\`#6G^)88(M4CD=+>431&.0QE7`ZY!S63/\.M-FB9([[5X"?XX]1DR
M/S-==WXZ4M`'G-W8:KI#R^&=2U6>^TW6+>2&RO+@`R6\V.(W8?>!'0FO-K2"
MYLM(UFUU&U@TG5(-5M;R&RF!1+A8E"DH0,?-C->X^,='DUOP[/;VY*W$96:!
MAVD0[A_+'XU)X?U"S\2:%::FL"$3)RLBABC`X8'\0:`/&O#<.LQ7_BSQ]<6K
M:5_:SK!:HS'@$@&0^WO787^GZ?=6ECHGAQOM6N6VV5-0C/\`Q[9.6=W'7//R
M]ZZKQO;Q2>!]6C>-60VS?*>G%2^%-*L-)\/VL6G6D5LDL22.(UQN8J,DUH_X
M9L_X2]36C5A%&)6WR*H#,!C<>YQ4Z9QS47';I4%QJ-M:RPQ3W,<,LS;(E=L%
MV]!ZFL[6,+%^CO62OB'35CGDEU&T\NV?RYF$H_=M_=;T/M4R:S8R7[6<=W"U
MRJ"0P!P7"GOCTH&7)&(!P:\YUWQWJ]AXBGL(88;6"(@+-=*<2?C74P^./#%U
MJDFFPZU:/>1D[H1)R,=?8U7N=?\`".I*\$^IZ;.,?,C2J<#N3Z5K0G&G*\XW
M1T4)TX2O4C='.ZCJ&N>(]&EL[K0;:\AE7"RPW`PI[,#U!!Y!K+D\1ZI'H?\`
MPBFKVKR:O+&(HF#9,BGHQ/J!UJ9]6T?PKX@ANO#NI6]QIDZD7%M#.'\OT91Z
M5#X=\/Q>.+;4=9N[J1=3^TG[+.C<VVP_)@>GJ*Z92A&TE#0]",:<8NLH^ZOS
M.^\+:'%H^B6UN\,8G2,"1E49)K=$:YX6N:\*>(9K_P`[3M:1;?6K0#[1"O1U
MZ"1/53^E=0,8XKCE)R=V>5.<IR<GU#:*.!06"]:PO$/BJPT&-5GD>:ZD_P!5
M9P+OFE^B_P!:D@V)9T1"SG:J\DDX`'K7&7/B>^\03RV/@V%)XPVR74Y@?(B]
M=H_C/TXJ.'0=;\6.+GQ8QLM/)W)I$#\L/^FKCK]!P*ZX06FEZ<JQQQV]O;KT
M`VJBCZ4!Z'GOPU\/16'B;7'O%$^H6\_EF9E`RK<Y`Z"O3U4*.!@5P?@+4HM7
M\1^(M1M5<6\]P@C9A@,`N,BN]S0=6*E*56\M[(6BF%P!UIID`/-*YR7L<[XH
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MS@-*?E;G!'J*]IL/!VJV5C'9Q>(Y+2VB!V0V-ND:I[`G)Q5D:(SE^$>FRI<R
M:IJ6I7][/"L,=[--B2%5.5VD=P:T-`\+:9X5UJ;5[_7I;Z^GB$+7%].NX1KT
M4#C\ZLQ^`+.7']H:EJMX!R1)>,!GU^7%7H/`OARW;<FDP.W',H+G]<T#"?QW
MX8@?8^MVK/C[L;;S^F:J_P#">Z=*"-/L]3O6/`\JS;&?3)Q6[%I%A!GR+&WB
MS_<C`JUY2]<4`<M_PDGB"Z!.G>%;G!.`UU<)%CZCDXIPF\;W'`MM)L@>-SRO
M*R^^!@&NI"`#@4N,4`<HVB^*[@@W'B=8,]4M;11@^Q;/%)_PA'GI_P`377=7
MO,\LOVDQKGU^7&*ZS`I2,]:`.4LO`GAE@6-BMV>A>>5I.?Q/6MJ#0=*M?^/?
M3;2/_=A4'^57U14^ZH7Z"G4`1I"B?=4*/0<4RZ9(K=I&PH49)/85/6!XWO#9
M^"]2=#B22+R8\=V?Y1_.@#/^'R/<:+-JLRX?4KN6Y&?[N["_H*Z^L_0[%--T
M*RLD&!;P)'^('-:%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%``>HKE_AY_R*A_Z^[C_T:U=0
M>HKE_AY_R*A_Z^[C_P!&M0`6_P#R56\_[!4?_HQJZBN7M_\`DJMY_P!@J/\`
M]&-744`%%%4[_5+/3$5[^YBMT9MJM*X4$^F30!<JKJ5E'J&GW%I,/W<\31-W
MX88Z5S>N?$#3]$UK3K)PT\5[&\C7$`,@A5>A(7/!/%0ZOX[MY=/AA\)SP:GJ
MUZ3':0@G:"/O,_HJ_P#UJ`//+?7+G3/&WASP[XG>"";PY.Y-TA_=R6[1E8V/
M]UNQ%6/&EO-X^^).A#PH1<6MG!+%?7FT^7&C'D!CP6Q7I'A?PI#I.GRG40E[
MJ-VWFWMS(@)FD]L]%'85T,5K#`NV%%1?[JC`H`6VC6&WCB3[L:!5^@&*EH`P
M**`"BBB@`I#TI:*`$7I2GI110`S-<)H[3>#O%D^C3HW]EZO<M<:?,J_+'(>7
MB;TR>17=-D`XZUP/Q&UR.SU70+&,J\PN&O7`/*1QJ><>Y.*:5W8:5W8M>.M9
M@D2S\.PSH+K5)UB*YY"9R?T%==#`L-O''&.$4*/H!7F$6AP01>']9O=DFIW^
MK1RRR%L[5(8A1Z`<5ZN,"KFTO<70VJVC:$>GYD6T^E<+\7+&;_A#%UBPMVGO
M]&NH[V!5!+$J<$#'J#7?FN6\5^+V\-WFFV<6EW.IW&HR,D,5NR@Y49.<^U9F
M!XM9>%M5T_6M'L[N.X>Q\2%-8U5F!/EO&2Y4_48&/:K<%KXBTWQ#%\1I-.>2
M*^NWCG@1F,QMG^5%*8X`P#^->C6WQ/LIA]GO=*O+2]&H1V$MG-M\R)Y!E6)[
MK@5)XI^)FE^$Y-6COK.>3^RA;F9H\8(F.%Q],4`>5Z4L=MKNCVNGV-U<I_:A
M:32[[3R)+0L?FD$XZCOS76ZQHR"Z^)S1::#YEG$+<I#]X^4<A<#U]*Z+7?BI
MH^A:I8V+027,EY8M?(T)&%15W<^Y%.T+XD)J>N:987N@7NFG5D+VDLS*RR@#
M<>AR.*`.-^%EQ%<VVF:3J.IFYS8B(V$FC>3Y;`<@RXYQ^M=GX%BMTU[6UT]!
M%9K,(A'C&&`Y-=VZ+G.T`CH<5P^CG^R?B'J5DXVQWR">+W(X-=%)WA*)V4&W
M3G%=C4\5>')[Y8=2T)A!K5F/]'F)^5UZF-_535OP]XHM]:L)9I#]EGM6\N\M
MY>#;R`<@GT[@^E97Q'\9W7@?PF-6M+)+V3STB\EB1D'OQ]*\?^,_B73I[K19
MK*6:"/4[07%_):,<2J1F-6`ZX((^E<R=SC/7;GQ/J.ORR6?A%$^SHQ6;6+@8
MBC]1&/XS[]*73+;PQX99[B\U:VFU"1<S7MU.K2O[#G@>PKQKPUXWT..>QA\5
MZ%/Y%Q;1O;SV]Q)*JELX0IG`&!TK9TCXA6=[JMO8>'_#/AR)GMVN'DOI_*5&
M#E=N2.N`#BF!ZS/\0/#T(VVUW)>/T"VL#REOI@8JI=^+6U.TFM['0=6N4D0I
MN:W$:G(]6-;'AN2>XT:UFO;>SMYY%+,MD^^(>FUNXK79!M)&<F@<79IGE'@'
M5O$5OIDVD6.D6WF6$K*[7EQL*@G(!`&?QJ]-XQU1G:.[\1:+I[J3N6*!Y2#Z
M$D@?C4GB2+_A&?&2:JFY;'5U^R70S]V0\*PK.\"K!8^(+SPYJ\4,^URT$DB`
MDCKC-:JA.I"4H/5'HU\+4KPE7I-;7_S^X?;P^,/$MTTFG>(ITL%.%G,*Q>8>
M^`!T^M5-9\+W6@7EC>Z]J=YJECO,<X,SC9GOP:];B@B@B$<2!$7HJC@5S'CC
MP_<ZWIZ?9)&W0G=Y.<+-_LFO/J1DH<S>OD>!5ISC3<KMLGL_"/AI[99K?2K5
MPX$BNR;B/0@FIYM'TJ7RK74M,LYQNS%YD"D9^F.#3?"NJPZCHJ^1$T+6_P"Y
M>%O^6;+VJ.7Q!I4>K/!?:I:0SP#_`%#R`,N>YK>%YI<JN=E.\TK&G:Z1I.DH
MYLK&VLE<?.8(PF[ZXZU0M-%TQ;H3V>GP6JY)=XX@IE/OZBJ&J^-M#@EBMSJ"
M2OG<1"/,!'IQ6<UYK7C.Y6*Q2;3=)7AIV&V23_='85T1PTV[ST1UT\--J\]%
MW9U3V&GQV/D1V=N\4)\V.W5!M5AR"!V.:H274[HMR9?WN?DMU/Z&L:[\&7&F
M%+[PYJ,ZW,8^9)Y"RR^QK6\+:S'K"W!GM5MKVV?9/'UP:OV:Y>:+NCFQ.$<X
M^TISNE\CIK<LT"%@02,D>E2TQ"-@P:?6!*T0444C'`)')]*!BDXI,BO.O$?Q
M'NK2.[FTN&WAT^TE\B34KS)5Y,XV1(O+FJ7A_P"*ES<3.^JQ6\NFQSB"6]@5
MHWM7;[OFQ-RH/K0!ZG13(W#KD,"#R"*?0`4444`%<AXP+WVL:#HT9YGO?M$@
M`_@B&?YXKKZY*T5=0^*-Y,,%=,LU@'L\AW']`*`.JB^X.,>U/HQBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`/45R_P\_Y%0_]?=Q_Z-:NH/45R_P\_P"14/\`U]W'_HUJ
M`"W_`.2JWG_8*C_]&-745R]O_P`E5O/^P5'_`.C&KJ*`"N0\2VT.J>--`TZX
MB66-?.N71AN!"KM&0>V377UB:YX5TW7[J&XOTE\Z!62.2&5HRH/7D?2@#&U+
M3]'\%V]QJFD:.'O)QY,,,0.978\(/09ZFN6\.V-SX&\17&I>*[&`R:W)O?4;
M5?DLV/\`RQ8?PKG^(=3UKI+W0]2\,2IJ?A^ZO=2CBYN+"[F,AE3U0GHP_6KL
M_BWPUJ&CI->7MI]EG0J\$Q&XYX*E.N?48H`ZB.5&4%&!!&01WJ2O)=-M-6O=
M<T^'PSJ&I?V#93B1VND\N/8?^6:DC<X^O2O6A0`4444`%%%%`!1110`4444`
M-85YW\3/#%K<QVOB(VHGETP,LR\@M`W#8QW'7\Z]&J&XM8[F%HIAN1@05/0@
M\8H6CN-.S3/'?"U]X8T^P@GNK%Y]5MW)B9`[EO1@.F<5UZ>+=?>%KU?#[I9(
M,D._[PCU`J5?AEHEHPET=[O3+A,[)H)B=OMM/!'M3`?&>C#RY;:T\06PXW(?
M(FQ]#\IKH=2GTB=,JM)NZAOO<Z#1]?L=;M5FL9@^1\RG[R'T(K!\7Z+K%_XD
MT#5=#BMYGTN25WBGD*;]R[1@@5S]POA^^U<0QM>>&=79LXE'E"4^Q^ZWX5L:
M?KFK:%K<&F^(I(YH+KY8+L+MRW8-[U/LU+6'W"=*,U>F_D<Q>?#SQ-?7%]XC
MN38CQ!-J%O=16R,WDA(1A4+>ISUHU'P%XD\6'5[O7[>TLIM5GM%:S23S%2&%
MB6RV.2<FO3M9UZRT+1WU#4)-D:84`#+.QZ*H[D]A7#/\8!%J9L9=(6*<L`EO
M+>*LQST!7&`Q]":Q.8Y*/X-^(4CD>XN[>>Y!GAAD=C\EN8RD2].V:UM/L_"W
M@.ZM9;33)K[6;*U"2RI*TB1';\V,G`S7?:;XNLM;TN[N;5)(I+3<ES;3+MD@
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M#N_2JC?`#4RUDQN-*O/)LS!(+N)_F;>2'R/XN:[.*]^PW7A_Q3',/L]_;1V5
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M(]25K"TN'`@M5&V68>N.P]S7'"E.<W&UEYGSUIU*KI4X]>NQKW'Q-.G6^H6W
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M:WCD*+"/3CJ:T/"?B35/#]Q+>W4`EBF&7CGDV.0.ZD\$UZ)I/A)KS59-5\2V
MEN;@X$4"*"L8'<G^(UOZKIVGR:9(+VUBE@B4L0\8;:`.<"M*F.HNDJ4:=NYQ
M>UQDW)\RC'MY&;X?\<:1KH6&WE:"Y(SY%PNQC],]?PKIT.5!KQCPCI:ZM\0_
MM*)+'I]G&)[=)7RV#PI]AUXKV:,8C%>;6A&#23##U'4C=CZKWRN]C<)$<.T3
M!"#W(.*L4QQD$>HK$ZCP'Q?`MQ\,/",EM<S6-II^J!=1GA^9[=\D%F'U]?6K
M?A[4;5-%\=R7-V=7T=0$@U.6,*]V[+@+N`^8AL8->A:MX%::_FOM"U633)KD
M?Z1`8EEMYS_>:-N-WN*CTKP`PFMI_$.I'4OLK[X+6.%8;=#V/EKP3Z9H`Z+P
MS'<0^&]/CO=WGI:QB3=USM'6M:F@`"G4`%%%%`#)7V(6[#D_2N4\!`W=KJ&M
M29W:E>R2J<8^0':OZ"M/QAJ']E^$M1O`<.D)">[-\H_G4_ARP73?#FG6<8P(
M;=%_''/ZT`:E%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%``>HKE_AY_P`BH?\`K[N/_1K5
MU!ZBN7^'G_(J'_K[N/\`T:U`!;_\E5O/^P5'_P"C&KJ*Y>W_`.2JWG_8*C_]
M&-744`%%%%`#67(Q69'X:TB*^DO(].MA=2-O>7RAN8^N:U:*`&[!3J**`"BB
MB@`HHHH`****`"BBB@`HHHH`*0C-+10!F:OH=AK5B]IJ5NDT3`CYEY7W![&O
M/M;T^ZTR%-`UVXENM/N'VZ=JK_?MY/X8Y/Y!OSKU2L[6]+MM9TBXT^^3?#<+
MM;U'H1Z$=15PDXRNBH2<)*2/--/U8:KXK\.:9KF5NM/>97B;[KS*HV-^62*\
MX\6M=V%KXJTVQ&EZC'?:NLJW3S8NH92PQ&$/)/H>E=1XATF;[6+:_EECU;20
MKBYA)#SP9^293W9>AKJK;PWK.HV\6I11>&K^[;:\>J36A$I]&*CC<*UJ132J
M1V9T5X*RJPV?YENQAV?$B.U0@RW.BQ_VDF.K#`0M_M8R*>=!\2^'9YH?#<MO
M-8RL66*?/[G/IZUO^&O"RZ(]Q=W%V]_J%XP>ZNY!@N1T`'91V%=$4R.M9PJ.
M*:6S,J=:5-6M=,YSPIH,VBVMQ+>3>==74GFS%1A<^PJMK_C!+2Y_L_2H6O=1
MD&U8T&1&?5CVKJ&&T$9SQ7`:3Y?AWQY?VU\BH-1?S()SW/=*VI_O)2E/5]C>
MD_:RE.>ZZ'$VUD=;\8W%KXHU26)W?RW5/NOZIGM7=7?PTT2%))+>XO+6)ADP
MPSE5.!Z5GIHD&H^.-9TQHU:TE03,XX:*4]P:6W\-:_?ZPFEZY=3-I5JAV31N
M5,OH#CFMZZA4DI;6MH>I7K.<DU+E22T.;M/"BW_@&^N;*]N$:"1P(BQV;5/3
M']:ZKX:^/I/$$DFE:A&%NK2,8DS_`*Q1Q^=.TK3A87'BOP_:MF(1I-;H<Y`=
M,$?F*X":>/P[?:%XEL0R&,BRU&`#D$'@D?2L:DE4IN2[F47'%4Y)J[OHSZ%S
M0Q^3-</_`,+.T>12+""]ORH!)@@)'TS69;_%:6\U$65EH4TCL#M!E`;([8K"
M%*51-PUL<$,#B)JZB:WQ&._0%A!YFN(UQGKS6IKNE3:EX+N+"U`$\D(5,GC-
M<987>J^,/&Z0ZI9_8K?32)6M\[CN[9->@ZAJEKI%@]Q?R+%$HY;U^E;-RA&$
M8[[FE52HJG3WDM3RW3?@G`1YNHS1Q2LX8^4F2I'HQZ5T`\%7VA:R-4T.]M[^
M4+@P:CG</]UQT_*I87UOQM)YJ32Z5I).$"#$DH]?:K[?#C3'7YKW4&?KO-P<
MUM5JRGI5GOV+J5)-_O9V;[(H+\4+:V29=5TRZM+B`E9@!O16'^T*\^BT_5_%
M^MW?B&TL_M4$3>:$9OE;!^Y[G%>R:5X5L=(M9;>'?.DS;I/M!WEC^-9MQ\/[
M)+AKK0;FXT:Z.26M&Q&Q_P!J,\&BEBHX:ZI+5Z-G!B'3G2=&FK)[^9SO@KQ)
M9V=_-!$#%I]]*&A5AS;3'[T;>F>U>G@<<BO%?%7A#Q-%(UU':174Q<%[BP;R
MO-QR"\9[^XK<\/?$T1P>3XAB(DABRS1\R`CKN0\CZUC4IJHE.!Y=&3H7IS/3
M]N1UJGJB3OIEPEFRK.4(C9QD!NV14]I<QW=K#<19\N5`ZDC'!&:>_(/?FN6]
MCN:NCQ738-6\,:F]S:"9M4B4M?64@RMQ%G.Z(^WI7JV@>(++Q!ID=U82;E;A
ME/WD/<'WKE_])\0^,I7ED6S&C3?+$J9ED!'<_P!T^E<U+J6HZ==GQ-H6CM;V
M;2M'=112!EE`."Q0?=;WKKDE6TZGGP;H,]D#<4UF')R!CKDUPTOQ-TAK%)+"
M.XO)G3<8HD(*>S'H*Y;4_B%JD^I+`=0L=)=QF&T9@[2?[+-T&:BGA:L]D;5,
M92BM-6>C37L_VIKE'!A5@@0_Q>];#7"(NZ1@@]37!>'/%=I?R06VJ2165U"3
MN@D;&6]CT(KK-3EVB!PHEAW9<+R2#TJ)0<79F&'Q'-&51.YI1SQRKF.16^E2
MK6191;[\RQQF.,*,#&,FM=!R:S9WTY2DKL=110:1H<?XW9[VXT71@H9;V^5I
M<'_EG'\QX_`5UL0Q&OTKE$<:C\4W4#<FEV.,]A)(?_B177`8%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`'J*Y?X>?\BH?^ONX_P#1K5U!ZBN7^'G_`"*A_P"ONX_]
M&M0`6_\`R56\_P"P5'_Z,:NHKE[?_DJMY_V"H_\`T8U=10`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4A&12T4`<EXV\.RZG9+?:>JG4
MK%O,@'3S5_BB/LP[5S'P]\3VB3R:6TP2*1RULC=4_O1'T(->I,,]>E>9>//A
M^T^H'Q!X94QWR$-<6L9Q]H_VAZ./UK6E-1O&6S.BC42O3GLSTN(Y3TJ3->9>
M&_BA91VZV/B622RO(24;S8RI;'<@]*[C3M?TW51G3[N.?OA&YQ]*4Z4H=-"9
MT*D-;:=^A>N'6-6=^%522?:N`TNW/C'Q$^L7>XZ=92%+1,XWL.K>]=W<H+FW
MEB;A9$*Y^HKA?"FIIX9N9/#FL%8RKEK68\+*">F?6M:7P2<=S:@K4YRA\6GW
M%C1KB/3/B!J]M>'9)>[7@+<!E`Z`UV\>&4\8KF_%FAVVM:6\H4K=VR&2"5#\
MRMCL?2K/@O4)-3\,VMS<$&4H%?G/(XI5+3BJB]&36BJD%46ZT9GS9L_BA;'`
MV:AI[QG_`'HVR/T-4_%_P_M-<A:XM)3:7#\L4'RR$<C(^M:/C+%IJ/A[4<E5
MM]0$;$?W9%*_SQ73A-T:[JQA)P=T8PJ3@^:+/,?#NK^)[S1MEAIEB`CF$OG8
M493@[E]:YF:VM]&U":U\1V9@O96::&ZMVY4_X9KT!0OASXCOD^78ZZG`[+=+
MU_%EK7USPAI?B-4>_B82IPLB-A@*[:&)C"=IJR?8]+#8^,)6J1LGO8X[X57D
MEW>ZH9][2N48RM_%Q6MXRB6?Q5H4%[EK!Y&#+G`+@<9KHM"\-:?X<M6BL$8;
MCEG=LLQ]ZYKXAS-;RZ7<2H6LX)Q).R\LH'0T.<:V)YH+T)=6%?&<U-63.VAB
M5$54`55``4#@"K&VJ&DZA;ZEI\-U:2"2*495A6C7`[W=SS&G&33W$`Q2XHHH
M$,*9].*\C^+^B:=;1V^JPP;;Z=_*9EX5Q_M5Z\:Y;Q_H8UWPC=6P7,B#S8_J
MO-;4)J%1-['-B8<U)VW,;3="\3:5I%G/H>M"Y5HE9[+4/G3IR%D'(%:<?C46
M.V/Q3I=SI+'_`);8\V`X[[UZ?C6!\/O%-TYL]%GC>Y5X<Q3HIS$H_A?T->D,
MD;IMEBW`\%2N0:5:+C-H>'J*=-,YF\T;2O%$RZE87[+-C"7-E-U`Y&['7Z&K
M&F>'SHNCW,%O-]IN+AFD>25>&8^WI5>]\":;)=-=:.\^BW9.?-L&V!C_`+2?
M=;\J@$_BW1&(OK6'7K8?\M+4B&8#U*'AC],5"FT7*E%I^9Y-XKOM4\.7%Y9&
MS>PM+Y^77'E2'^AKS;6M':[=KRU8B8#+#/WJ^D]8N_#7CK3YM*NCY%RRG%O>
M(89`?8-U^HKQ'5?#&M>#;PVFK6[/9-Q#=*"0H[`U]AE6)HRCRR23/!J4*F&G
MS4]U^1E^!?%%V=:M=&U:%;ZVG?RE6?[T1SU#=:]YU+3[OP/%;:G87]Q/IGFJ
MMS:3G>$5N,J>H`KQWPSH-K=>,["_<,B6\GF2LGW0!_$?:OHJ\N-,US0I[8SQ
M203QF/(8=^GZUYV;QC&LN5:'11J4JEY15M/QZFW;2K/$'C.58`@@]0:LCI7'
M_#_4I'T:;2[UBUYI<AMY#_>`^ZWTQ77JV17@S7+*Q[%.7-!,6FNVW!]\4ZLG
MQ3J(TCPQJ%^3@P0.R_[V,#]34%F/X(4W,VLZRX&=0OWV>\<?R+_(UUP.16-X
M5T]M-\)Z9:O]]+=2_P#O$9/ZFMD<"@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`#U%<
MO\//^14/_7W<?^C6KJ#U%<O\//\`D5#_`-?=Q_Z-:@`M_P#DJMY_V"H__1C5
MU%<O;_\`)5;S_L%1_P#HQJZB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`*8\>XG@4^B@#$U?PSI.M!3JFGP7+(<JSJ,C\:\UO?
M#MSX"\7Z?>Z9*O\`9=Q/MP?O0[C]P_WE]/2O4?$.K+HF@7NHLN_[/&6"DXW'
MH!GMS7D&OW^HZMXML5\0WD2V<`2:);%"R+GD\C.X]JZ</S2GR]#NP;E*?*WI
MK<]K1=^&`Z@5GZYX>LM=LS;WT(8=58<,I]0:RX?'V@H@7SKC('06[G^E6K/Q
MOH-]-Y,5\$E/1)D,9/YUFJ52+YHIF"IUH/F29C'P?KMDC?V1X@E.1CRKE=ZD
M>F:O^`]#U/0=-N;;5'C;=*7C$9R`#73*P(^7ZU(M5*O*47%VU\BI8F<H.#MK
MY',?$6W:X\$WC1C,EN4N%_X`P;/Y9KHK29;BSAF0@K+&K@^H(J#5[5+W2;JV
M==PFA=,=<Y4BLGP%=&[\%:868EXXO*<$\@H=O]*P.8?XST=]7\-SQ6P`O(B)
M[5^ZRKRO^'XU:\-:U%KV@6E\@PTD8\Q#U1QPRGZ$&M5U##!KB].9?#?Q!O-,
M8".TU<&\MCDX\T#$B#L,]<4`=A.^R!W]!FO.M$\/0^-)+S5=<EEE228QPQJY
M"JJFO0K@I+:.K?==2#^-<-\/K^*VN+[PZS;I+2X+1D=T/-=-*\:<I1W1VT&X
MTISCNK'::;IMOI=E':648CAC&%45>'2D`XI:YM6[LXVVW=A1110(*A=`_##C
MT-2%P#CUJEJ>H0Z;82WEPX6.)2[$GTI6N[(3LEJ>.WNE1Z9XKU[3W>_CLOEN
M6ET^4I)%D'&<=5SVK-MM6?0_@P=5M=9U2\U;6V^R0AKAI63YSED7J"%K6T?6
MM0;4-3NKK4M/TV+4!YS7-V,G:V0L>3QT[4SPUIEC8ZU:7OFV1T?2II)GG6Y1
MX87<=5[C/H:[*ZN]7J<.'E962T*&A^-M3O\`1?#MA<WURM_8:A-:W9?*/,@B
M)1G!YYKJDU>[_P"&<_M[7LG]H?82PG\S]YG?USUK2@M_A_K^J7'B:VNK.:=&
M!GN5FP$(&T%@>G!QFF#P/X!TCS5D"01R6[,T<ETQ4Q'JV,XQGO7&=[9Y=XAU
MN_M+KQ)<:RAO]%:*.VCD<;FLK@Q!D<'J`35>\TC4];MM1MAJVI_9]*MX'BTU
MI?,:?S$RSCG.,\U[-IMAX'URWU/3M-ELM1CU!5:[ACFW[@!@$CM@`5!XN\$Z
M%)IHOI=!>^GL[<0QK!*4D9`,!20>0!5QDU*Z8I*+6IXQH?AK5'\'6FJ6$,\J
M,KI.^[GAL=/2F:$8[7Q+97=[<SQ0029=`Y`)]"*]?\)^(+.UBMM&%G:6=DZ%
M8XXB1Y3XR4<-WQSFN4;3X/%6I3Q6-IG4KFY)\U!MCM8%.`2/XB<5[U+,).DZ
M=6-_/J?.U<,G/FIRWZ'7VEW&/B;$^C?OXKNT`O1']V,]5)/K7HB$8KS[2=$U
M[P3:21Z=8VVL6C'<WEGRKD^I)/#>W2MO2O'.D7ER+.ZDDTZ]Z&UOE\IL^Q/!
M_`UX=9\TO=/;H4YPC[QU/05R7CQOMMIIFD+_`,O]_&CCU1?F;^5=4)4<?*<]
M^*X^53J7Q2MH@28]+LGE;VDD.!^@K,Z#L8L>4N.F.,4ZD0;4`]*6@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`#U%<O\//^14/_`%]W'_HUJZ@]17+_``\_Y%0_]?=Q
M_P"C6H`+?_DJMY_V"H__`$8U=17+V_\`R56\_P"P5'_Z,:NHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@"&XMX[F%X9XU
MDBD&UT<9##T(KEKCX=Z0EU]ITCS]*F`X-G)M7_OD\5U](0#0KK8:;6QQ1\&Z
ME=S*-5\07<]M&/W<4"K`S?[[+UK!UO2#X>!M]:@FU70K@_\`'[)\UQ8'U8]6
M3W[5ZGM%1RP1S(4D0.I!#*1D$'M5*<D[IC4YI\R9YW9:[J/A6.**^1M2TA\&
M#4(?FPG;=BNXTW6K#5+?S["YCFC[E#G'M7(7>E7G@LO<Z+:F[T.4EKK3>K0>
MKQ#T]5IL'AW3-9A75_!VJ&U$WWGMC\C'N"O8^U;WA5^+1G3>E6^/W7W.]#*Q
MSZ<URG@3-M-KFF$C%EJ4@09S\C_./YUBWD.L^"KJ/4I;V?4[.4A+H2?\L_\`
M;'M6KH5Y;CQ_J36SJT&H64-VL@/WB,J?Z5G.FXZIW1G4H\B33NF=K7,>.=+E
MO="%W8QAK_3I5N[;CDLO5?Q&171K*I/WJ2?:T3`]*R,'<XG7/%3W/A:P?1&_
M?ZL52$@9V9^]GW'-;GAKP[:Z%8QQPQYF/S2S/RSMW)-><:C'+X6\:6UIY3R6
MXNS=680<;9.'3\#S^->OVYW1HV,9&<&MY^[3BEU.N;<:$4NNK)Z*!16!R!11
M10!SWC34;O2?"=]?:=Q<0IE3C..>N*\DEU/6O%.L6>EZS?D6K3+MS&,2L1D?
M*.HKW"_LTO;62WE&8Y%*L/4$8KQCPY=0>'/B&UCJJ%Y(0;=)B.(U!RAS]*[L
M*THRM&[/+QBE[6-WHR7XE>#9[#PUH-KIZ&[NY]:B:69X3(OH-ZC^`>E5/$7P
M^N/#GE>(=;C74HY-2BDU"VTVWV1+$H(4B(=>>37M5AJ-IJ5L)[.XCN(\XW1G
M(S5PHKQXZBN)MMW9Z,%%+W3YY\906GB:_P!6O?">F3KIK::MO=S16[1+<.9!
M@*,<E1FLG7;?6M!O[[1=>2:[CM]&>WTRY5"S7$;,"$^JCBOID01*FP(JCT`K
MS/QWJ$6FZ_?2MM:\-I''8M)]V)F)#$'L:NG'FE8BM44(W9P^@Z[;OX\\-ZG:
M:&=,L[&%H[VZAMVC`4I@+)D8//.:]?TGQEI^MW]U;VWF[;9"_G%<(Z^H/I6=
MI_@+19=&B^TS3W#O&/-87+%9&QSWQ7F\6HG0+34+73Q/,]V&MM@5MT`5^`..
M01Q6T*49OE6YQU<1.#BULSI=6.AZOJ=YKVJ+*^G)LCLU3Y#=2#.0`.3Z9KJ_
M!6B74'GZI?P);2783R[2/I!&H^4'WJGX1\)S2-;:MKL8$D,86SL\?);+Z^['
MUKOD4*,8J:E2SY4:T*?-[\D-"#'(ZU3U'0]-UBV,&IV4-U$?X9%SCW![5H8H
MKG.TXT>$=1T8%O"NKS6JD\6EV?.@`]L\K^!IG@$W5[>ZWJNI1PI=W%V83Y+%
MDVQC:,$]LYKJ=4NEL=.GN7.%AB=R?H":QO`5JUOX.T]G^_/&9V/J7);^M`'2
MT444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%``>HKE_AY_R*A_Z^[C_`-&M74'J*Y?X
M>?\`(J'_`*^[C_T:U`!;_P#)5;S_`+!4?_HQJZBN7M_^2JWG_8*C_P#1C5U%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`QXU<?,,UQ.K:!>>'KN77/"FV-L%[W3@N([H#DLO\`=?W[UW--
M=`_7/X&@#&TS4+'Q7H4=S``\$Z8>-^J'NK#L17!:MX/BTKQ-I4-K>W4$-\TL
M*E6QY1`W*H/IG-;>KVTW@S5W\0:<G_$KNI`-5@`^YV$R#U'\56_'3(VAZ=J=
MNRL+.]@N`P[H3M)_(UI&K*"T-85IT_A9!X*UBY-S<Z)K#E[ZS)V.XP9$[&M#
MQ5XG?0OLL%M:M=75VQ6.,'`/XUE>,K:YTV[L_$EC@&U^6=0/OHQH\=SV%WX;
MMYV9A>NRM9B+[^\],>WK71RPE.,NC.Y0A.I&HU>+_,Y[4[C7]0U<>(%TZ:U_
ML:/S6MY`")AGYP/PY'TKU/3;R+4-/M[NV<20SQB1&'<$52T=+I]!MQJ2*+AH
M@)E`XSCFL3P;)+HVIWOA6Y)`M2;BR)_BMW)('_`3D5A5GS2]#CKU.>>UDM#M
M!12`TM9&`4444`-;KTKPC5O#7B*^\6N\FG2/=2W+2!C_`*ETSQD^F.U>\'K4
M>WYL]*WHUW1;:ZG+B*"K))O8\3MK[6/"M_<64TS:?=/FXCMX55XIB3C`[CV%
M>T6LK?887G78[(I9?0D=*\CFN$A^*UU?:[!(WV:4*.,K%&>$;\Z[3QIXK@\/
M:$P#;[F="(%3DG_:^@S6E6//**BMSGP\^2,FWL:=]XNT?3[UK2ZO`LHY;:I8
M)_O$=*Y_Q+;V>M^5JNG+%JJ0@K<VJD-YD1ZX'J*Q_!_P[GN-/^W>(;JXWW0\
MP112%<9YRWO4NI_#";3Y);WPEJ-S:7(!/EL_#^V:I0I0G92U"4ZLX7E#0IPB
MPLK9[GPKXA?2VC&Y[&\!*\=MIY'X5TG@/Q3)XHBNA=6<,<ELP!DC7"R9[C-<
M:WB^<:)>6NO:4EU/"FQIY$56B<@C##J?J*WOA0+=)=22VN/M$82'#X(R=O/%
M.<%&D[[]&94IMU4H['I2#`I]-7I3JX3U@HHHH&<O\1+@P^";N./_`%ET4MDQ
MUR[!?Y9KH;.!;:R@@086*-4`]@,5RWC)Q=:WX<T[<,/>&X<?[,:DC]2*ZV(Y
MC!ZY&:`'T444`%)N'K0_W:\[UWXDSZ-KES8+8QR"%L!BY&:TA3E4=HF52I&F
MKR/1-R^M&X>M>;V'Q(U'45E:VTJW985+.6GVX'KS3Q\0M78V^W0XS]H!,9$O
M!`ZDGM6CPU5;D_6*9Z+N'K1N&.M>8W7Q2O+2X\J73(-W'W9MP_,5=D\=:TD_
ME?V''NR!_K>.1D<_2AX:JN@>WIGH.X>M&X>M>:7WQ,U#3G5;G2X1O&Y667(8
M>QJJ_P`7KA(F<:;$=HS_`*PTUA:KZ">)IH]6R*,BO*8_C!</$C'3(@6`/^L-
M._X6]<?]`V'_`+^&CZK6["^M4NYZIFC(KRO_`(6]<?\`0-A_[^&C_A;UQ_T#
M8?\`OX:/JM;L'UJEW/5,T9KRO_A;UQ_T#8?^_AH_X6]<?]`V'_OX:?U2MV#Z
MU2[GJ>X#J:-P/>O-;3XF:AJ"SM;:/&_D)O?$O:I?^%AZIY$L@T:/;#((W/F]
M">E3]6JEJO3>S/1LCUI-PK@/^$XUT3W$;:'$#;8\P>=Z].:JWOQ)U*QO!:SZ
M3#YQ&0D<I<_I2^KU!.O!'I.X49%>=+\1-3-K!.VD(HGD,<:LY!+59_X337`Y
M1M&MP0`<_:.&SV'O0\/4!5HL[S(]:-P]:\]7QYK;0B5=$BP<80S?-@G&<>E3
M2>-=;BWF31X`B+DO]H^4_0TO85!^VB=YN'K1N'K7!#QIKK31H-&M_P!Y]W-P
M/3./KBH;KXAZI9P-/-I$(B4`EQ-D<G`_E0L/5!UH+<]$R*,BO*_^%O7'_0-A
M_P"_AH_X6]<?]`V'_OX:OZK6[$?6J7<]4S1D5Y7_`,+>N/\`H&P_]_#1_P`+
M>N/^@;#_`-_#1]5K=@^M4NYZIFC(KRO_`(6]<?\`0-A_[^&C_A;UQ_T#8O\`
MOX:/JM;L'UJEW/5,T5B^%M;?Q!H,.HR1+#YI8;%.<8.*VJYFFM&="=]4!ZBN
M7^'G_(J'_K[N/_1K5U!ZBN7^'G_(J'_K[N/_`$:U`PM_^2JWG_8*C_\`1C5U
M%<O;_P#)5;S_`+!4?_HQJZB@`HHHH`****`"BBB@`HHHH`Y_7_&&G>')$COW
M=IICMA@AC+RRGV4?SJ@/B)80RQKJ]E>Z0LN-DM]#M0D]`6&0#]:\P\9:?KMX
MGBOQ18:LML+:Z:UF`4F5(HV4+&A_A!SDD5H?$K2=%FB-SXAOKF^N+VPCM],T
M>!VW>=@?/M'7G&2:`/:X9/-B#]CR/<4^N*^$=Q?S_#/3$U=]]W;AH'.[<?D8
MCD]^E=K0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`$%W:QWMM)
M;SH'BD4HZD9!!&#7F_D36OA_7O!UY(S2VENTVGR2'F6W'*GW*D8_*O3ZXOQ1
M`C^+/#OE\7+SRQL1P3$4.X'U'2@#6M5@\2>"[;>=\=[:+NS[J/ZUS?A?P=>V
M^J_:->E%PEH/*M$/.U?[U:_P]9AX5BM)'W264TMNV.VUSC],5U(%:1K3A%Q7
M4WA7G"#C'J,1-H`YKDO&L5QIES9>)[$;GTQ]MPF.7MVX?\NOX5V507=O'=6D
MT$RAHY4*.I[@C!K,YTK#K:9;B!98R&1P&4CN",BI:X_P/=SV27GAJ_;=<:3(
M%C<]9(&Y1ORX_"NPH&%%%%`!1110!XIXUN&3X@:K;0S-'-<0P!>@0A>3O/I4
MUZZ>-O'>DVMLF;2SCWR2!=OF*,9(![9'%:7BGPCJ]]XSN=0M=*M[^WF2,+YD
MQ0J5ZUT'@[0;VSN[S5-<ABBOKHA!'&<K%&O11[5WN<8036]CQXTIRJ-6TN==
M"H$2[>F.*4CDCM3EX4=J6O/W1Z]NB/"OBHT-M\0H&N(C);F&-I8AP)0#G%=U
M\.;266SO-:EB\D:A-NAA_N1J,+787.G6MU)ON;:*5QP&=`2*L01)#$$C0*HX
M``P!774Q*J4HT[;=3BIX7DJNIW'KTI:**Y3N"BBB@#D(XAJ'Q0=V)VZ=IX``
MZ;I&_P`!77*`JX%<IX//VK6_$6HGGSKXPQM_LQC;_/-=90`4444`-D^X<5XC
MXRTJ_G\8:A+;Z?=2QLX(>.%B#QZBO;V^[38O]76M&K*E+FB95*:J1LSP"RM-
M6LA<!='O7\^(Q',#<`_A6O\`VMK1C$3^'[EHE&Q%%NP(7;@C.*]KI#GWK:6+
ME)W:,HX=15KG@VJ)J&HR^8OA^[A<;<,(&SM`^E7DU76_+V2:#=NI<ELPN"5(
MP4Z5Z9JAG3Q9I+QB[:+;(LHC4F(9'!;'?-;XSBAXIM6:#ZLKWN>#7T>H7=M'
M;Q>'KN*.)`L)$3DJ,Y.>.<UD7&CZJMM*3I5]]TY_<-Z?2OI#%5M2R-+NB#SY
M+?RJUC9QC9(7U6%[L^>+?1]3-I$1IEZ04&"(&_PJ3^QM4_Z!5[_X#M_A7ITV
MFZS<R27-H\D4,5K$8RK,&?Y.5`Z8S56*'43"XOK:^8B^!FV+)N:+Z]"/I5K,
M*G83P=-GG?\`8VJ=]+O?_`=O\*/[&U3_`*!=[_X#M_A7H<</B6QU);Z2*YGB
MB0!4R2Y!#;0>WIGO3UA\16UC''>Q74EQ!<"6.,.9$G##)4L.F#G%']H5>POJ
M5,\Y_L;4\9_LN]P/^G=O\*/[&U3_`*!=[_WX;_"O6M:DUL>(H+JULYY;*S51
M*BR8\W?]X!?XB*IZ>;RVVWJ6VH*DSS&2#RW_`'65P@`/\Z/[1J]@^I4S@-*C
MUC2FE:+2+US+M!S`V,`YP>.]:IUC6F+A/#]RL$A+21^0W)X/7'&,5T)&M1:1
M+9W$=XUS]IA<D(S*8\#=R.HZ\5M:0E['XFEVQW,EK-'NWR*R"'`&%&>"#^8K
M&6)<G=HT6'BMF<))K.N2Q[3H-V!@[B(7RW.1GCM58W.JOKAU#^P;X[XRC*4?
M(SUP<<5[CS1S2^L+^5`\.GU/#+N[UJ]N[68Z+?*MM*9%3R7P?T]JFBU;Q"DL
M\KZ1?2><P.#;M\BC/R]/>O;>:6G]:TMRH'AXMWN>'I?:M&RS)X>NUN@@B:4Q
M/R@.<8QU]Z4:CKTOVW[7I&H,MU@*!"R^6`<XX%>W4<TOK*_E0_JZ[GB=QJ.N
M3S6TDFAWFZV?*8@;IMQCI^M9DL.M3:1%IYTF^$<<K2@^0W?MTKW^EIK%-:I(
MEX:+ZGSG_8NJ?]`J^_\``=O\*/[&U3_H%7O_`(#M_A7T916W]HU>Q'U.F?.?
M]C:I_P!`J]_\!V_PH_L;5/\`H%7O_@.W^%?1E%']HU>P?4J9\Y_V-JG_`$"K
MW_P';_"C^Q=4_P"@5??^`[?X5]&44?VA5[!]3IG)?#F-XO!%I'*C(ZO(&5A@
M@[CP176CI65H&?LEQG_G[F_]#-:M>>W=W.U:*P'J*Y?X>?\`(J'_`*^[C_T:
MU=0>HKE_AY_R*A_Z^[C_`-&M2`+?_DJMY_V"H_\`T8U=17+V_P#R56\_[!4?
M_HQJZB@`HHHH`****`"BBB@`HHHH`\U\;^!KZ[GU&Y\//B/58Q'J-@7VB8@_
M+(A/`<8Q[US&I^!-=\4^)[?6+:TO]`N%C2WDNYKQ3LC48/EHO<U[@0#2!`#F
M@#-\-Z+!X>\/6FEVCR216Z;0\ARS<Y))]<FM2C&**`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`*Y+QNJV7]D:N>%L;]/,;T1_E.?;D5UM4]4T
M^#5--GLKM0\$ZE)%/<&@#G/"JBT\6>);`=/M*72>A61?\177UY?X3CU+0/BE
M)H>HLTUN=,Q:7;=9T1_E!]64'!KU`4`%(1D4M%`'%^+5;0M?T_Q/`N8XR+2_
M4?Q0L>&/^ZV*[&)Q(@8'(/(JMJEA!J>EW-E>+N@N(FC<>Q'6L'P-J,[Z7+I.
MI/OU#2Y?LTI)Y=0,H_XKB@#JJ***`"BBB@!,8-5K^_M=+L9;V_F2"WA4M)+(
M<*H]35JN%\:0)JOB?P]HU\Z_8)[B2>:)^DQC7*J?49YQ[4`3CXEZ=)`]Q:Z9
MJES;+SY\5O\`*P]1DY(_"M[1/$>G>(;1;G2;A9XB2I(X*,.JL#R"*\C\8>#-
M"UKXEZ5X=TBR-M<RDZAJ=Q%*RXB!X7K@;CZ5VMC86VB?%6*+356!-2L&:XMU
MZ;HR`K_4@XS0!WE%%%`!1110`55U"Z6RL)[E_NPQLY/T&:M5R_Q"N'M_!=ZD
M1(EN0MNF/5V"_P`C0`OP_A,?@^Q=OOW"&XDXQDNQ;^M=/5:PMEM+"WMT^[#$
MJ#Z`8JS0`4444`(PRM9CZ):W3M++)<AF/(2X91^0-:;=*S&GU8.PM;2V:('A
MGE()_#%`#?\`A'++_GK>?^!3_P"-(?#MD!GS+S_P*D_QIWGZ[_SYV?\`W_/^
M%(9]<P<V=GC_`*[G_"@#)OK..RUBRLT2XEBNF*DB]DWK@9+8ST%:P\.V1&?-
MN_\`P*?_`!K%G61=?@GN;.Q&HE0D6+I^1Z8QBMOS]<_Y\K/_`+_G_"@!/^$<
MLO\`GK>?^!3_`.-5M1\.V2Z9<D2W?$3'FY<]OK5KS]=_Y\[/_O\`G_"JVI7&
MMC3+G?9V>/*;_EL?3Z4`<F-3MK*_731!</Y5LK@B\D!/R;O7&*GU?5K?3+B.
M&.WN7+(CY:\D/WD+8X^E7H8#+IZRSV&G,T4:23NT[`K\F`6X]*CEL+9;"">>
MQTY;:1E,4INW^9B,+@]^.,4`4&UB%K"[NK>UN)1!*D:Q+>2;FSC)ST[]/:KT
M%YIL^D-JD0NFM%N_)=UO'^5.F_&?7J*58K6RNIXQ9Z9$Z%7EB^UM\IQD$KTS
MQ3HI+6+0;F".UTI=/N09IE6Y.UA(?O9QW-`%3^UM.2^L8)4G1;H,P)OGRJ\[
M#C/\6*MQ7%I);QR>3=@O827G-X_&TXV]:DN+:*%#'=:=I:AXEX:<YVITQQT%
M57L;.UF$$EEIZ&*(D(;N3Y(VYQ]#0`VSO(I6T[[1%/%!>KGS_M4P0,>B<_Q?
M7K74_P#".V3?\M+O_P`"G_QKGY;)=-AMY+BQLT@C8>2'O'(SVP#UK1/B2XC=
MD<Z<'52S#[0>`!D]J`+_`/PCEE_SUO/_``*?_&C_`(1RR_YZWG_@4_\`C5%O
M$MPD:,QTX[PI7%R3D'H>G>GRZ]>PQ"69=/CC)(W-<'&1U'3M0!;_`.$<LO\`
MGK>?^!3_`.-'_".67_/6\_\``I_\:I1^(;R9&>%;!U5=['SR-J^IXJ6RUC4=
M1C9[**QF"-M8K.>#Z=*`+'_".67_`#UO/_`I_P#&C_A'++_GK>?^!3_XTOGZ
M[_SYV?\`W_/^%'GZ[_SYV?\`W_/^%`"?\(Y9?\];S_P*?_&C_A'++_GK>?\`
M@4_^-+Y^N_\`/G9_]_S_`(4>?KO_`#YV?_?\_P"%`"?\(Y9?\];S_P`"G_QH
M_P"$<LO^>MY_X%/_`(TOGZ[_`,^=G_W_`#_A1Y^N_P#/G9_]_P`_X4`)_P`(
MY9?\];S_`,"G_P`:/^$<LO\`GK>?^!3_`.-+Y^N_\^=G_P!_S_A1Y^N_\^=G
M_P!_S_A0`G_".67_`#UO/_`I_P#&C_A'++_GK=_^!4G^-+Y^N_\`/G9_]_S_
M`(4>?KG_`#YV?_?\_P"%`$?AJ%8-.EC0L0MS,`6.3]\]36S6-X9>1M.E,ZJD
MAN9BRJ<@'>:V:``]17+_``\_Y%0_]?=Q_P"C6KJ#U%<O\//^14/_`%]W'_HU
MJ`"W_P"2JWG_`&"H_P#T8U=17+V__)5;S_L%1_\`HQJZB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"@]***`.0\5[K/Q#X;U!5^5;TP2,#T612/YBNMCY05S'Q%B)\%7-Q&2'M)(
M[A2/]EP?Y9KI+5Q+:12#HZ!OS&:`):***`$8;E(]:XK7@/#7C/3]<4[;74&6
MQOE[`G_5R'Z'C\:[:LS7]&@U[1;K3[GA)XRF[NA[,/<'%`&BCAQD4ZN9\!ZK
M-J7AQ4OR!?64AM;D=]Z<9_$8/XUTU`!1110`5SOBSPTVOV$8MK@VE_;2B>TN
M@,F)QZCN"."*Z*@@'K0!YI!:>(K#Q+=ZU-X7AN-9G@2U-S%>A8713QP>5]ZZ
M#PMH&HVVHW6M>(;B*XU.[`3$*X2VC'2-?4>I[UU14$\@4N,=*`"BBB@`HHHH
M`*Y'QD6N]:\-Z:IXFOC/(OJL:D_S(KKC7(*#??%$'[PT[3CCGA6D?^>!0!UR
M\@'VI:`,#%%`!1110`U^%[?C5$ZOI]NQBFNXT=3RI/2K[?=J%((F7<T2$D]2
MHH`J_P!NZ7_S_1?G0==TO!_TZ'\ZN?9X/^>,?_?(H-O!C_4Q_P#?`H`Y?4WM
MK_5[&X34;9([619-V\Y..HV]#]:W/[=TO_G^A_.L+7+F^@\4Z3!:VLBV33!9
MGCB4K+D'@^@%=2+>#_GC'_WP*`*?]NZ7_P`_T7YU6U+6],;3+D"\A8F)N,^U
M:OV>#_GC'_WR*K:E;P#2[H^3'_JF_A'I0!Q?DK>6TR0:M:0P7\<'F/D[E50,
MC'0YJ2>STT^'8=%N]:MG2.X+Q.S8.P'*C'J#4%R^L)Y[Z?N6WMK1&Y"[,>7T
M`QDMGO67J\U[]GM[X+]NCM[-6<!!(8Y&;&\'`Z=Q0!H1:'!M\ZZUJTFNI0#/
M(P^\V"/Y$5##X:MHY)+<:_;II[K&HC5/F4*#E1GMDY%:VB:K=W.NS+>6LBV=
MQ$?LQ>$!04'./K6*^J:JMC"\5U))O*_:&9`IA;S"-H.W@8H`W9[33K[2M*MK
M_4X)9K&56:0,1YBCL?KQ4.K6UM?:IJ%Q!J5L([RV6%09"-A7U`X-6-;NYK=K
M58V\JV-NS>;'C,L@Z*6P<?ES5&ZU:_:S:.W5H[H3EMK0@L(?+R#T]:`-*ZN(
MKC^SKE;ZR^TV1.8V8F-@1CZYK,N=-ANH9+5M4LEA,TDX<9+EG&-I]N:I?VAJ
MH33I(IGD3R5DN67#A26`.?EYX[5'!JFL[X$O)7B6:=268`9C.[HVW@<#B@"=
M-`@MWN/LVKVA7=&;-F)5K;:N#@]^<X'I5F_TN*]M7MGUFT**99(Y,D,SN.0?
M3O56/4M9BOKE9'D%JTQ59#&&V1AP"PXXP/K77>&<W-O=>?BXA2X98)Y(P#(G
MKTH`YR2S25)HSJ-DJ3VB6[$R,Q4J<@Y[@UM:+<VEI=W=W=W]HLEULS'"3M4*
M,#\:Z3[-!_SPC_[X%'V>#_GC'_WP*`*?]NZ7_P`_T7YT?V[I?_/]%^=7/L\'
M_/&/_OD4?9X/^>,?_?(H`I_V[I?_`#_1?G1_;NE_\_T7YU<^SP?\\8_^^11]
MG@_YXQ_]\B@"G_;NE_\`/]%^=']NZ7_S_1?G5S[/!_SQC_[Y%'V>#_GC'_WR
M*`*?]NZ7_P`_T7YT?V[I?_/]%^=7/L\'_/&/_OD4?9X/^>,?_?(H`I_V[I?_
M`#_1?G2_V[I>?^/Z+\ZM_9X/^>,?_?(I?L\'_/&/_OD4`97AJ6.:PF>)E96N
MIB&'<;S6S63X>4+8SA0`!=S<`=/G-:U``>HKE_AY_P`BH?\`K[N/_1K5U!ZB
MN7^'G_(J'_K[N/\`T:U`!;_\E5O/^P5'_P"C&KJ*Y>W_`.2JWG_8*C_]&-74
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`9^NVHOM!O;4_\`+:!TZ9Y*G%4O!=XUYX+TJ64Y
MD-N$;ZK\I_E6U(NX`$9&:Y7P*JVEKJ>F#K8ZC-&/96.X8'8<T`=;10.E%`!2
M$<4M%`'%7JGPWX]M;W>([/7/]'N!T`G7[C?4C(KM%.:Q/%>A_P!OZ!<V0.V1
MDW0..L<J\JWUR*;X/UIM<\/0W,Q'VE,PW*]UE7A@?QH`WJ***`"BBB@`HHHH
M`****`"BBB@!#7)^$,76N>(]1/(DO?(C8="L:@=?KFNDOKJ.RM)KF4[4BC9V
M/H`,U@?#Z$Q^#[25QA[K=<O[EV)H`ZBBBB@`HHHH`:_W:S6T^[F=GCU2>%2>
M$55('YBM-ONUEMJ-U`[1KI=U,`>'0I@_F:`#^RKW_H-7/_?"?X4?V5>_]!FY
M_P"^$_PH_M:[_P"@+>_FG_Q5(=6NR/\`D"WOYI_\50!D7$\\.O1Z:VI72O(H
M99FV`$GL`1R:V/[*O?\`H,W/_?"?X5DZ@YNM0MY+S3K\;)`\=N9(PK..A'.3
M6M_:UW_T!;W\T_\`BJ`#^RKW_H-7/_?"?X56U'2[Q=,N2=8N6`B;C8GI]*L_
MVM=_]`6]_-/_`(JJNI:I=OIERO\`8UX!Y39)9/3ZT`8\5V]M8.CZE>,]LD*%
M51/G9P-H'%1'4[M9E@1KLLTSPR)^Z&QU7<<\<\<YI8K3[7:M/)IVHJ)XHC(J
MR1[047Y6ZY&*LK%#:PI//IUZW[QI6GDFC'F.R[<DYQTH`@CU:9_#$FM"\O/)
MC4%8X_+=V!..PX-1QZR+AY(["]O+J10SLJI&!L`!+=/?&/6K$3VMEI7]F2V=
MXT!(*J\L0(P<@#!YJHNE6%HUQ-;:?J%IYDKM+(D\8QO^\G)X'M0!H7%S-%I]
MI>)?WD]I<%,$)'\F[@<$<GZ5'J.HRZ=J4T,]Y>O'`B&6=5CP@?..,9I9Q%+/
M8QPV5]"+!<Q0QS1$$8ZD$^G>EN[:.^U"2[FTW42)0JO$)(]DA7ID9YQ0!':W
MSSZ%_:OV^YCM]ZJJJ(V)R<<X''6K6\OXA_LC^U+HR>5O+F./:#_=Z=>]5XK3
M&AR:4MCJ<D"D<AHMT1!R.A_G4$%OIT=]%?&PNY[[S_,%PT\>YVQC;PV#QVH`
M:^M.+][,7=YN5S&I'E$,V0O(QQR>]*VKW-O9+<W%U>VZ-<FW`!C8\'#-@#H*
MN&*VC68?V+=AC/\`:)7#Q[MV=V"<]*KS6>FWPC%SI%W.K>8T:--&0=_+$?-S
M0!6N/%#6UU>P-?WK&T)!(\O#8('IQU'6K5CK;7US;01:E?J]P0!N5,#.>^.1
MQ41T?3H(BTND7ZJ"?,=YH^>0<,2>>@IHMK"":(PVU_;S(WF1E9XLJ.>@)Z<F
M@"U<:L\&E0Z@VJWQ2:8Q!%1,@`X+'CH,4_6M1FT;!?5+N8&+S25"``9`')'<
MFL_^S+"2S5KO3[ZYM$#K'YD\>Q"YY.0W6K&IVJW"6ZSV%[';K;^0,O'N(!#`
M@DXXQ0!?TZ6ZOI;A&U:ZB-LBO)PC###/!`]*IIK$VRVFGU&]M[:\D\N":3R\
M-P3DC''2G6DHM+EKOR;^1;I`C*\D(67`P.AZX]*;%;0QRPQ2:=J#K:OYL5O)
M+$1",'MGISWH`2/6_-GLXUU:\Q=1LX;:F%QG&>.^#BJZ^)R;)[E[^^!0I\B"
M-LJW.<@=@"2*=+I&EPQ^?+HUXN2I2=ID&W!)`4[L=ZEDL=,GCMK.30K@B%6,
M<(DC&[<,;B`W)Q0!!=>)OLMY=PMJ-])]F&04$?S<`],<#GK4T.O&9;%AJ=\!
M=RM%G;&0F#C)..03QFHO[$L0AC&DZAE2-Y\V/)R`-IYZ<#BG2:-I[23>?H=Z
M6(#@-*@\D;LY4;N!F@"]:W5S<M8E=5O`EZ\B*2J94KGV]JV1I5[Q_P`3FY_[
MX3_"N<M8)+.>Q:.TU"2"!WDBBD>/DL.Q!Z<UMCQ&Q4,--N2I;:&$D9!/I][K
M0!)X9C>/3I5>1I"+J8%FZGYSS6S61X>W_8':5=C23R/MW`D98\''>M>@`/45
MR_P\_P"14/\`U]W'_HUJZ@]17+_#S_D5#_U]W'_HUJ`"W_Y*K>?]@J/_`-&-
M745R]O\`\E5O/^P5'_Z,:NHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`0C(KDM(`L?B3KEK
MN(6\@BO%7/?&P_RKKJY+4S]A^)>C73)A;RWFM"_N,.O]:`.M'2BD!!&1TI:`
M"BBB@!&''O7$PA_#GQ#>+=Y=EKZ^8N>56Y3J!Z;E_E7;D9&*YWQIHTFL>'G2
MU'^F6S"YM2#@B5.5Y]^GXT`=".E+61X:UM-?T*UU"/@3)\Z_W7'#+^!!K7H`
M****`"BBB@`HHHH`****`.7^(5TUMX,OEC.)+A!;Q\_Q.P7^M;NF62V&G6]M
M&,+#$L8'I@8KF_&P%YJWAS2CDK<7_FNH[K&N[^>*Z\=*`"BBB@`HHHH`1CQ4
M"75NBE7GC5@>07`-3MTJC_9&G7#&6>Q@DD8\LT8)-`%G[9:_\_,/_?8I#>6V
M.+B$G_KH*K_V#I/_`$#K;_OT*0Z%I6.-.M<_]<A0!SNI6-\_C!-0M+F(PD1C
MF9=J*#\X(/KVQ75B[M0,?:(A_P`#%<UJ.GP1Z_IUI:6MF!.2TT36ZG$:CDY^
MN*W!H6DX_P"0=;?]^A0!:^V6O_/S#_WV*JZE=VITNZ'VB+F)OXQZ4O\`8.D_
M]`ZV_P"_0JKJ6A:4-,N2-.M@1$QSY8XXH`YHVNH2VUW!9B$1W\4`$[3KM10H
M#Y&<_E5DZ3>3>&+72YKJUWVUR-L@8%3$"<?*3Z'I6)-?+97_`-E33[3[/%`@
M5FMP5),>[K_>SVJ(^(3;7)@N-(L6:5Y#;LL'#HJ\CZ@\GVH`VX/#@M)416MY
MXHKM)4>25=Q0)C^?:L^3PYK,J3I)=V6+V99Y2L@_=.">Q//&!^%3W+PQ$PQM
MIA9;4W/G?9UQ(?\`GF/\YIVIW<-O/"8[*P@S8K=&"2$9D<L!L'?O20%(>&-1
MCD,WFV_"!/+\]<_<QNSUZ]JT+.SU*S-D3;1RBUO))B1=(/,5EP.I]:?HMQI]
MUHM]J6HV-LJP,Y">0HP%)``QR:HZ!J&GO);6^H65I$Q>4W!FAV$X4,N,]L&F
M!JZ+IVI65Y?3WEU:%=0A9I`D@RDN3COSP0,CTK-N/#%XUGIZQW5LTEO`WF#>
MB[CN!V_D/O=:I#7%E@<PZ7:"472NJ/:[=UL02<9ZGCK5B+58+[4]D5EI]O97
M4B"WN'@'RH5)W'/J1Q2N!*=$UAIY[B:>SD%VZRSP+,`<JV0I.<'Y>/PK8L[8
MQ:U)=2V-MY<P3R_](0FVV]1U[]>*R])N8KG4K..^L;)8)]T:&*!3YC@D9(ZK
MD#([5V*Z'I1_YAUM_P!^Q3`YF:SNVN)`T$,T*:@USM-PFV9",`8SU!YYJJ?#
MLQLB/]%\XVDZ+^]7Y&=LJN?85V/]@Z3_`-`ZV_[]BC^P=*_Z!UM_W[%`'/7$
M%S_PAHLH[6">Z<"-TDEC&T8P7&."1VJOKEG)/9V5I:E6*V<D*!I5RKX&,G..
M@-=3_8.E?]`ZV_[]BC^P=)_Z!UM_W[%`'#6>AZA!;RK-%;3^;$\4:O.@-N2<
M[R.GY5;32+^+2Y]/7[(\\TF'U!YU.Y">>/O=.*Z[^P=*_P"@=;?]^Q2_V#I7
M_0.MO^_8H`Y9M.O4\/:?9SBUO'LKO)19E`DB&<=3Z'I4?AS2+O2M<DENFA>"
M2-=K+,A$9Y^7DYXSCBNL_L'2O^@=;?\`?L4O]@Z5_P!`ZV_[]B@#A[C1]<\^
MYNO-LY?M<JR20I.`R['RO).#\M37NDZMJ&I75^\MI&MW$]NUN9AN6,K\N6SC
MKS^-=C_8.D_]`ZV_[]BC^P=*_P"@=;?]^Q0!PA\+ZG)'&DMY;@6:-!:D7`YC
MQWYZD\?2K$^C7<ERUY:006K[T,,`G0HI"X9G'0Y]N:[/^P=*_P"@=;?]^Q1_
M8.E?]`ZV_P"_8H`9HK)]C/E)L!D8X]3GDCV-:8K'\.1)'83)&H54NI@H'0#>
M>*V*``]17+_#S_D5#_U]W'_HUJZ@]17+_#S_`)%0_P#7W<?^C6H`+?\`Y*K>
M?]@J/_T8U=17+V__`"56\_[!4?\`Z,:NHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*Y+QX
M6M(-*U3^&QU&)FX_A;Y#_,5UM8'CBV:[\%:G'$,R+"9$XSRIW#^5`&Y$08Q@
M\4^J.B7:WVA65TN,30(_!SU`J]0`4444`%(PZ4M%`'$:2S^&O'5]I+1[;/5R
M;VSQ]U9!Q*GU/WJ[<<@5RWCS3Y;C0TOK%-]]I<HO+<`<L5^\OXKD5M:-JL&M
M:5;7]HW[JXC#J.XSU!^AH`OT444`%%%%`!1110`4A.!D4M(>E`'(S-]O^)T2
M]4T_3BV>P:1L?G@5UXZ"N3\)J+SQ!XDU)AD/=BV0_P"S&N/YDUU@Z4`%%%%`
M!1110`U\[>*S7@U221FMKZ**(GY4:#<1^.:TW^[P,UF-K$%L[1/#<L5/5(2P
M/XT`)]EUG_H)P?\`@-_]>C[-K/\`T$X/_`;_`.O1_;]O_P`^]Y_X#M0=>MB.
M;>\_\!VH`Q[S4;BSUJ&RGU.$7DH"JWV/.`>@SGVK8%KK(_YB<'_@-_\`7KGM
M1M;._P#$-OJI-\K0E=JBV.5V]@>P/>NA&OV__/O>?^`[4`'V76?^@G!_X#?_
M`%ZK:E;:T-,N3_:,#?NFX^S^WUJS_;]M_P`^]Y_X#M574M>MSIER!;W?,3#_
M`(]SZ4`9-O)(-+=Y[^U/V.&.2?=9@D?+QWY.*=#>-=75I%;WUO)+/%YT6+$?
M*K<$GGC/2J:VUO?6VYYKY+>\CA,T26QR=@XPW:G6VGV-M/:>2;X0VLQEB'V4
MEU!.=N_KCGI0!,TJ+/);F>V"P3B+=_9XVK(>@'O1>:DD=Y_I=[`SVY91.U@&
M`91DJ&SUI;BTLI1</`EW#<SW0N?/^RDD$'A<>G%07&FVMS'+#<37SP/*]QY8
MM",2,,$Y].3Q0`MOJT4C+':W,)>X+,X73QG`P26Y]Q5^QBE\06XNH[BUF3.%
M>6Q'/N,GFLJVT:PM-0MYK3[6!!NV1O9DA00,X].E:^BO::0UR5%VYN)/,*):
ME47Z+VSWH`OG2-18@F\M25&`3:#@>G6FOHE])%Y;W-DR<#:;-<<=*L_V_;_\
M^]Y_X#M2?\)!;?\`/&[_`/`=J`(%T:_259$N[174;586@RH]!S5@6NLC_F)P
M?^`W_P!>D_X2"V_YX7?_`(#M2C7[?&?L]Y_X#M0`?9=9_P"@G!_X#?\`UZ/L
MNL_]!.#_`,!O_KT?\)!;9QY%W_X#M1_;]MG_`%%W_P"`[4`'V76?^@G!_P"`
MW_UZ/LNL_P#03@_\!O\`Z]']OVW_`#PN_P#P':C^WK?_`)][O_P':@`^RZS_
M`-!.#_P&_P#KT?9=9_Z"<'_@-_\`7I/^$@MAG,%WQU_T=J!X@ML?ZB\_\!VH
M`7[+K/\`T$X/_`;_`.O1]EUG_H)P?^`W_P!>D.OVW_/"\_\``=J7^WK?_GWO
M/_`=J`#[+K/_`$$X/_`;_P"O1]EUG_H)P?\`@-_]>C^W[8_\L+O_`,!VH_M^
MV_Y][S_P':@`^RZS_P!!.#_P&_\`KT?9=9S_`,A.#_P&_P#KT?V_;_\`/O>?
M^`[4HUZWS_Q[WG_@.U`$7AD2KI\JSL'<74VY@,`G>>U;-8WAF83Z=-(JLH>Z
MF(##!^_WK9H`#U%<O\//^14/_7W<?^C6KJ#U%<O\//\`D5#_`-?=Q_Z-:@`M
M_P#DJMY_V"H__1C5U%<O;_\`)5;S_L%1_P#HQJZB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`JO?1":SEB8X$B%3]",?UJQ377<*`.9^'DS'P59P/G?:-);-GU1R/Y8KJ*Y
M'PDGV/7_`!%8,V=E_P">@]%D4'^>:ZR0E8R0,D4`4M7UFQT.Q-YJ=U';0@XW
M2'J?0>I]JP!\2=!`B,[W5K'-]R>YM7CC/_`B,"LMVBUGXB:W)J1_<:!:)]FC
MG4&-7=2QEP>I'2O+_!GB/4]1\5:"FJ:CJ=S%J\L\=ZNH@&SN$!(00Y&,^E`'
MT9!,LZ;T(93@JP/!!J:N.^'\3:<NLZ*LLDMMIM^T=N93DJC`,%SZ#.*[&@!K
M*&Z]/2N+\.2CP]XHU#P[*`D$Q-Y8>FQC\Z#Z-_.NVKD?'5C+%:6NOV";KO1Y
M3/M'62$\2+_WSS^%`'6CD`TM5[&\AO[&"ZM7#PSQB1&'<$9%6*`"BBB@`HHH
MH`*BN9EM[6:=ND2,Y_`9J6N:\?W;6G@K43$<22QB!.<<NP4?SH`;\/H6C\(V
M\TG^LNF>Y<GJ2[$_RQ73BJ6D68T[3+:T&,00I'Q[#%7:`"BBB@`HHHH`1ONT
MR+/ET]QE368VB6MR[2R/<!F/.V9E'Y`T`:G/K2'.#67_`,([9?\`/2Z_\"'_
M`,:1O#MD!GS+K_P)?_&@#%U>QU.3Q9:SV1D*EXRY^8+&@SN]CFNO&<=:X:X<
MP75S;+;2I*MS'!`6O'*L'&=S8Z=.E:NC6%GJNE179%U&7R"HNG(!!(.#GIQ0
M!TO/K574O^07=<_\L7_E53_A';+_`)Z77_@0_P#C5;4?#MF-,N3YEUQ$W6X8
M]OK0!CW%OJ@N+#[(LSV=W;QF8H?]48QG'_`NE9,^G^)[F":":"6/[7.ER#YA
M(CZ@H<$8'3BKT,]I:O#8/%/YFR)D/VIP&B*99SSVP:SG\269M%EAC<N;AD*B
MZD;";=RMP>I`Q[4`3Q6FK,RG48+^2UVD;%<[O,V`*3@],YJY#:ZY]G%C=_:A
M</-'+YZ'(5`F",^H/:H(M16YDGCM;:0/;QM-)YEX^"HQP/?GKTXJ4ZA;R:9%
M<VMI=2O-</"D/VMP3A=WK2N`C6FJ_P#"$7-HD5R9$N4V2[6#RIN&YBN<_7!J
M#5+75YWF;3HKQ;?R0BX#)DA3G`)S4\MW$-`MKZ-9&N);E;=T\^7$1/7*YSD>
ME17^I1V=Y<6RV\S2PE0&:ZD`)(7MG..:+@]`^Q7WFLSVU_\`V2P;R8`S;UDV
MCD\Y`SFM.2VOQ_9/]KQW,\*6Y$RP$EA-Q@MCKQ6:+UGGN[6.W87-@C/<%KN3
M8RK_`'3GK]>E:"K#=7]O;Z>LP#VPNI&FN7&$/8<]?>F&YFRVOB"=K\W<=U!!
M>?O8_+8N8V5L!2O8$=<4^-?$5Q?174]G/:V_D_9'2*4L5!7EPIZD''O4*:U;
M3P7KVD,LAMYAC;=N^(3D>8P!SU':IVU:Q;4+BSLDEO'2V\R$1WC$RO@$KC/3
M!S0`ZXL]6;P?';I%.KQ7BC>`VZ2(=6*YS]1FF6C:_'I=[92VMTUU<I%'"Q8[
M0N,,V[^'BB^U&"W\/V>H6Z2SRSS&)E$\I"D`DC'7/&*=_:EB=!N]05)LQ2+'
M$K7C[9&(!QG/O0!1O++Q4EF)(8KII[6U-JT8DXE&_P"\#W(&#FM#[/JG]F7%
MLEK>-JUS)Y4D[2$((R>H.<#Y?2J4_B2PA=&$,[P26\3)*+M\>8YP4Z^W'TJU
M<WR6_AYM6:,^7*Q6UC-ZX+')'S<^QZ4`6-+AU>/6--ENH+AY43[//&Y/EHJY
M'F*V<$D8R".:AN-*UU7U"X@W[KB:2%$$C99688<]E"CIBK%A/9WVK0VY$\=M
M<P+)!(;ESYQ(R0IZ<>E9?]MPI#>RO;R,L3%(F%U(H+[MH1B>_?B@!/L'B=[B
MVD\J='LXEAR')WD,0&!S@\8SD5<-E>'^R6,%ZKQRDWYDWL';'L>>?2JLOB&Q
M%]$D4,\L#P"0E;E]V2I)`/3C&*NL\L5WIL$Z%3?(T@*7,K`*`#C@]>>O2@!C
M1ZFVGVX\J]>ZM;MW\ET;9,I;@%@>,#D5WJ$LHW#:<`D>E</]IB$&ESR07$5O
M>$B65KF0K&0V`N0>I]3Q72_\([9?\]+K_P`"'_QH`UN?6BLK_A';+_GI=?\`
M@0_^-'_".V?_`#TNO_`A_P#&@`T#_CSN/^ON;_T,UJUC>&H5@TZ6-"Q5;J4#
M<<G[YK9H`#U%<O\`#S_D5#_U]W'_`*-:NH/45R_P\_Y%0_\`7W<?^C6H`+?_
M`)*K>?\`8*C_`/1C5U%<O;_\E5O/^P5'_P"C&KJ*`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@#DXT%I\5YL<"_TY7^K1MC^1KJVY%<CXEV67C'P[J;?+FX>T8YZAUR/
MPR*ZY2&&10!Q/BKP]>'5IM8T2);J6YM3:7UC(^U;B+G!![.,UYS:>$/$T%SH
MUM%:7]U::-*9=.M;Q(XH[=_61P26`SP!UKWPJ/3FDV#.2.:`,'PCH+:%IDJW
M$[7-[=S-<W4Y_CD;K@=@.@%=!1C'2B@`J&XA6>(HW0C!'J*FHH`XWP47T;4-
M1\+W+%OL+>=9N1C?;N<@#UVGBNRKB_&T,NDRV/BBVW,VFN4N47^*W<X;\N#7
M7VTJ36T<L9RCJ&4^H(R*`):***`"BBB@`KD/&^V[U'P[I39Q=:@)''^S$-QS
M^.*Z\]*Y"Z_T_P"*5H.#'IVGM)@]GD;'\A0!UXHH%%`!1110`4444`(W2LMI
M]7#L+6TM6B!^5I)B&/U`6M-SA>:SFUS3+5S#<7<<<BGE3G(H`;Y^O?\`/E9?
M^!#?_$TAGUW'_'E9?^!#?_$T[_A)-'_Y_P"+]?\`"D;Q'I#*0+^+]?\`"@#F
M[A;8G4)Y[73249?M;F]?Y&_A[<'Z5M61U:WLXHK2PL!"JC8$G;&/^^:Q+DV\
MPUI4O]-V:BJB,%7X(&,MQ_*MVQUW3(+&"*?4+<R1QJC%,XR!CN*`+'GZ]_SY
M67_@0W_Q-5=1N-;&FW.^RLL>4W2X;T_W:M_\))H__/\`Q?K_`(56U'Q%I+Z9
M<JM]&28FXY]/I0!A0S_:9;2&ZL=->^%H(EWSL#L(R1G;W%))=682&Z:QT@"3
M,,3K,P!V_*1PO;.*A6WTNZA>\75HTN)((Q!G=MB8)M+$8Y."<54DT'3]JQ)X
MB1X(BSQ;U((8@9!P,%<B@"[.UG%E);+2_P!RP!"7$G)/&W@<]N.:M'9_I.H?
M8--185_?.;AU$>1Z8X.*H36T!TDZ:FKV/E+<"X1\.KD[MQ!('`]Q4DL,-PMW
M;R:S:16M[.LTK1[FDP%`V#(P<D=30!<GB6'2(UN+/3H[)G66.0W;C<YZ,&QG
M/-5IHK80W<,UC88AYN&:XD8@G'\6.O2I9?LH\))I":K9S21L`DTZMC8&R.@Z
M]J9<1V%Q?S7#7M@(Y8R)(<R;9V./OCMC'!'-%@%F@MXK"VFGTZP6%VVQ%IY`
MTF><'Y<G..AI^HWD4C!KZWTT/`N!_I#@J./EP!TY'%5[B&UDTBPMUUJ!IK2Y
M\\$LX&.?D#`9XS5:XT^VN;N>[.L62SRR;]F'*CE>^,_PTGL!:EFM#;P%K+28
MXW38C1W#K\N>AP,@9]:LSVR6K0V;Z9I<3.V^)%G;=SW!"Y%9YL;42WDJZQ9%
M]11DN048!,MG*<?SK2GN;6&_^TZ9JMF"]LMNWV@,2NWH1@>_>A;`03R6YTU;
M=[333!!<%<+=/E9>XR!DGDT-!:VUW*_]GZ6LEJ%ED1KE]J<85MN,5GKI%E#:
MS11:[;SM,5DWS*RM%*,@NI4>_?K3UTVT\^2YN=?M[R:=&CN(I4*QR*<;>@R"
M,=:8%RZCM8+%)+K3=+6"XD5D!E<AF4Y!`V\8-2".&!9-0:PTL1V[DN[7+%(V
M/H,8'6J=_:VU[H5A9/KMN\UL[%G<N`5((`!')QGOUIJV-L]B^G3:[:K9R3^=
M(\:GS'^7&W!&,<4`7K>6"TU#,-KI<=Q"JD)]J?Y`Y^4@8P,^M.-\C6K$VFE_
M9[2;>2\[;5<GJ/EP3DGI6+<:%93B*3_A(+<7,;1(TNUOWD2]5/OTQ[U>FMK:
M[TN#2KC7;6*S@)^>!#YD@P<;LC&>>:`+L5JK7<EI!I>EF<%7=%G;`],_+COT
MJP-`N5,;+I5D&B)\LB\D!4'J.G3VJCI0M+#5H+N76+4[(O+F*;LW!`P"PQC(
MQUKIO^$DT?\`Y_XOU_PH`QXM`NHMH72K+8C;E0W<A7/7IC'6M;S]=_Y\K+_P
M(;_XFG?\))H__/\`Q?K_`(4?\))H_P#S_P`7Z_X4`)Y^O?\`/E9?^!#?_$T>
M?KW_`#Y67_@0W_Q-+_PDFC_\_P#%^O\`A1_PDFC_`//_`!?K_A0!%X::1M.E
M,ZJDANIBRJV0#N/0ULUC>&IHYM/EDB<.CW4Q5AW&\ULT`!ZBN7^'G_(J'_K[
MN/\`T:U=0>HKE_AY_P`BH?\`K[N/_1K4`%O_`,E5O/\`L%1_^C&KJ*Y>W_Y*
MK>?]@J/_`-&-744`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'*_$"$CPPU\B[GL;B*Y
M7VVN,_H372V[^9`CCHRAOSJCXBLQ?^&]1M<$^;;NH`[G'%0>#[X:EX/TNZ'&
M^V4$>A`P?Y4`;5%%%`!1110`4444`5K^TCO;&6VG4-%,A1U8<%2,&N9\#W%Q
M:"]\.W\A>XTA_+C9O^6D!YC;\N/PKKR,]:XOQ1%)H6OV'B:WXCW?8[X`XS$Y
M^5_^`M^AH`[2BF1MNC!SG-/H`****`$?[AYQQ7)^%E%[XD\1:CC.+E;2-NVV
M->?U)KJ+F406DTS?=C0L?P&:YSX>Q$>$H;B0'S+R1[IB>^]B1^F*`.HHHHH`
M****`"BBB@!'^[4<2J4^Z#[U(PRN`:S9=*EEE9QJ-Y%D_<1Q@?3B@#1V+_<'
MY4A1<?<'Y5F_V--_T%K[_OX/\*3^QI?^@M?_`/?P?X4`<[>:G]E?74GO+J0(
MR?9Q%&049A@*IQTS74Z/O?2+8W+K-+Y:[Y`N-S8Y-0?V++_T%;[C_;'^%']C
M2CIJU]_W\'^%`&IL7^X/RJMJ*J-,N3M`_<OV]JJ_V--_T%K[_OX/\*9+H4DL
M31OJM\5<%6'F#H?PH`Y/^TKJUGOD:215BLHC:@9P6*#HH'//?-5QJ>L&XD62
M:Z2X"!K6(Q'$C[\$'CIBNSBT!X84B35;[:BA1\XZ#\*?_8LO_06ON/\`IH/\
M*`.?T2\OYM2@$CRRS,DIO8GCPD3`_*!Q^'TJG+J.H/H>RR:\FUFY?;(@3'D$
M$DXR,#@8KJSHDI)_XFU]S_TT'^%+_8LO?5K[_OX/\*`.2?Q!J$;FY\BXG>XM
ML);HA!MY,8PP(P<GG-):ZGJT<E@E\+@RP2F">VQAY"3Q)D#!&#R*Z[^QI?\`
MH+7W_?8_PI#HDI.?[6OO^_@_PH`X[6M6U>VU_4EM3*8X\A50$[5VJ<@8Z9SS
M5V[UO4)M;CFL()Y-,CB\F5U3"M(RD[L'G(.!72?V)+_T%KW_`+['^%*-%E!S
M_:M[_P!]C_"@#AK+5->2>*RU22X6*.*+[1=+%RRL2=PXZXP#5^75=2&KD61N
MCI@0VHN9(\J'*Y$A&,G!XKJCHLO&-6OO^^Q_A1_8DO?5K[_OX/\`"@"MX3GE
MN=*(NT<RQN49WY$A'\2D@<&MW8O]P?E66-%F'_,6OO\`OX/\*7^QIO\`H+7W
M_?P?X4`:>Q?[@_*C8O\`<'Y5F?V--_T%K[_OX/\`"C^QIO\`H+7W_?P?X4`:
M>Q?[@_*C8O\`<'Y5F?V--_T%K[_OX/\`"C^QIO\`H+7W_?P?X4`:>Q?[@_*C
M8O\`<'Y5F?V--_T%K[_OX/\`"C^QIO\`H+7W_?P?X4`:>Q?[@_*C8O\`<'Y5
MF?V--_T%K[_OX/\`"C^QIO\`H+7W_?P?X4`:>Q?[@_*C8O\`<'Y5F?V--_T%
MK[_OX/\`"C^QIO\`H+7W_?P?X4`)X?&+.<``?Z7-T_WS6M5/3=/73K;R4D>0
M;V<O(<DDG)JY0`'J*Y?X>?\`(J'_`*^[C_T:U=0>HKE_AY_R*A_Z^[C_`-&M
M0`6__)5;S_L%1_\`HQJZBN7M_P#DJMY_V"H__1C5U%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110!',-T1!Q@\'([5RW@&3R-(N],;)DT^^FAVXZ*6++^AKJW&5(KDM$
M4V7Q`\0VN/EN/)NUYZY7:?U%`'7T444`%%%%`!1110`52U?38-7TFXT^[4-#
M<QF-@??O5V@C-`')^!;^[ETV72]2D5KS293:2D=7`^X^/=<5UE<1KN/#GCFR
MUV+;';:B18WV>`3_`,LWSZYXKM8WWH#ZT`.HHHH`YKQ[?MI_@K4W0D/)#Y*8
M[LY"C^=:VBV:Z?I%K9H`JP0I&`!CHHKGO'`-Y>Z!I6`1=ZBC.,?P1@L?Z5UX
M&*`%HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`#U%<O\`#S_D5#_U
M]W'_`*-:NH/45R_P\_Y%0_\`7W<?^C6H`+?_`)*K>?\`8*C_`/1C5U%<O;_\
ME5O/^P5'_P"C&KJ*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`/2N7\2^';R[OXM:T.
M\-GJ=I$40GF.=,Y\MQZ9[]JZBD8!A@]#0!S'ASQ:NJSOIU_"=/U>`9FM)#U_
MVHS_`!+]*Z=6##(.16%XB\*6'B"W7S0\%W`2]M>0G;)`_JI_IWK%TKQ-J.B7
MT.B^,E6*:1MMKJ(_U=V/?^X_MW[4`=Q135=6&5((IU`!1110`4444`9?B+1X
M=<T&[T^<<3IA6_N-_"P]P<&J'@K67U3P_%'>.&O[-FM;H=_,3@G\>OXUT+*&
M&#7&7(7PW\1X+I<I8ZXGDS''RK<*/D/L6''X4`=K1FFHVX9%*^=AQUQ0!R-V
MO]H?%2Q7[R:;8/*?]EI&VC]!77]ZY'PR#>^*_$>IYRHG2SC^D:\_J:ZZ@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`#U%<O\//^14/_`%]W'_HU
MJZ@]17+_``\_Y%0_]?=Q_P"C6H`+?_DJMY_V"H__`$8U=17+V_\`R56\_P"P
M5'_Z,:NHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`ZU0U72+/6+&2TU&!9X)
M5VLC#@_X'W%7Z*`.!BFU3P$RPWTDNH^'\_)<-S+8CT?NR?[745VUI>07ELEQ
M;3)+#(,I(C9##U!I\T$<PQ(H88P01D$5PVJ:%JOA)Y=0\%0?;('RT^C.WRL<
MY)B/\)]NAH`[[-%<'X>^+&B:VF+I9=)G5BC0WJ[=K#JI;IFNXBG25`T;*RD9
M!4Y!H`DHHHH`*P_%FC)K?AR[M.5EQYD##JDJ\J1^-;E-<;EQG'O0!B^$M:76
M_#=K=,<3@>5<(>J2KPP/XBM>XE$%M+,_"QH7/X#-<A;B/PY\19;;:8[/7E\^
M,_PK<J/F'L6'-:?CB_-AX+U.6,C>T!C3ZO\`*/YT`0?#V)AX1ANI!\]]-)=,
M?7>Q(_3%=16=H-D-.T*RLUZ00(F/3`K1H`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****``]17+_#S_`)%0_P#7W<?^C6KJ#U%<O\//^14/_7W<?^C6
MH`+?_DJMY_V"H_\`T8U=17+V_P#R56\_[!4?_HQJZB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`I",TM%`'%^)?!*7MPVI:-Y4&I,/WD<B`P7@_NRKW
M^O45S^CVQEGEM-#OI_#6M6P'G:5.WF6[?[2*?O*?5:]4KG_$'A.RUZ-&E=[:
M\@^:VO(>)(&]5/<>QH`S%\6:KHGR^*=(<1#C[;IX,T6/4K]Y:Z+2]<L-:A$V
MEW45S&1R8V!*_4=17,:7XBO-(U)-%\8(B7,A,=KJ"C$5Y]3_``/['\*OZAX(
MTJ_D-U;HVFWS#BYL6\MQ]<<'\:`.H#`]Q2UQ/F>+/#LG[U8_$5FI^\G[JY4?
M3[K?I5U/&\<EO'+#H>LREB59%M#E".H.30!-XUT:75_#LWV,8OK4BYM6[B1#
MG'X]/QKGM7U:/Q/I/AI+<835+Z-I(\9*>7\SJ?H16V_C1RI`\,Z]_P"`@_\`
MBJY7PUI-_-\29+P:==6.B0^9<VZ7481EN)``X`STXSGW-`'J*KMZ4ZBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`#U%<O\//^14/_`%]W'_HU
MJZ@]17+_``\_Y%0_]?=Q_P"C6H`+?_DJMY_V"H__`$8U=17+V_\`R56\_P"P
M5'_Z,:NHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HIK.%SZU4N]5LK"/S+V
MZAMXQU:60+_.@"[17*W/Q"T)'\NRDN-2E/1+&!I?U''ZU"^O^([]%;2?#QM@
MPSOU&<)C_@*Y-`'7EL=JAFNXX$WRLJ*.I=@`/Q-<RVB>*-03&H>($M`>J:=`
M%/\`WTV32VWP_P!(W;]1,^J2'JU[.T@/X9P*`(?$/B;PEJ&G3:=J-U!?Q/P]
MO`IE8_\`?(X/O6?X$N]:CUB:P:SOI=`2,FTN]07RY8O2/'5AZ$\UV]GI5C81
M".RLX+=0,`11A:LA!NSB@!<9%&W'3BEZ44`)M/J:3;SSS]:=10`4444`%%%%
M`!1110`5GZSK5CH5@;S59Q;VZD*7()Y/0`#K6A7-^-M-.H^'V=;Q+-K*5;L3
M21[U78<\CTH`U])U6TUK38K[3I1-;2C*.!C/;O5BYG2VMY)IF5(XE+NS'``'
M4UYIX4^(7A+P_P"'HK*?6I+F7>\CRI8RJK%V+'`V].:LZ[\2_!6MZ!?:9)JD
MZ+=P/"6%I+D;AC/W:`.DM?''A^^T:ZU6VU&-[*T.)Y<$;#].M:VE:K;:Q8I=
MV+,\$GW'*E<_@>:^?DUK0;30]2MM1\1:>C:BD2.)+294(A4+&.0.H'S&NJ\#
M_%+P-X9\-K8:AXM@N9O->0E4?9'N.0BY&<"@#V&258U)<@`#))/`JCH^M66N
M6C76F7"74`D:/S(^FY3@BN*E^-WPXF4H_B*W96!#*8VY!_"L[P?\0?!.@Z/-
M;6^K"2![J6:(P6DFQ59LA1@=J`/5STK)@\1:9=2W\=K=QS-IYQ=;&SY1QD@_
MA7._\+?\&$?\A&;_`,!)?_B:XF_\7^%8+G6Y-,UBWLK;5V43^992J%780YS@
M?,2:`/6-$\1:=X@A>?29C/$AP7V%0?ID<UIR-M3(%>(>`/B'X%\)65S#>>*;
M1A*R^7%"LA2,!<<;N1GKBNO?XX_#MTQ_PDD'_?MO\*`.GT[Q=HNJZQ-I=C>K
M+>0E@\84\%3AAG&#BMP'->#^&?'&@Q?$._UZ]\1V5[9.C):PVEG)NMU)]AC)
M[FO0!\7_``:!_P`A&;_P#E_^)H`Z34O$FD:1>0VNIZA!;3S_`.K21P"W./Y\
M4K^(=+BU=-+DO(EOG`*V^?F(/0UXYXY\8Z%XB\1:?-:RPSZ=`%></!)'+*RM
ME5W;/N@\X[UDV?CW0#\1(?$%[KVG60:0/=-#+*Y=54J(MI&/0YH`^BP<TM>>
MCXY_#L?\S'!_WPW^%+_PO3X=_P#0R0?]\-_A0!Z#17GW_"]/AW_T,D'_`'PW
M^%'_``O3X=_]#)!_WPW^%`'H-%>??\+T^'?_`$,D'_?#?X4?\+T^'?\`T,D'
M_?#?X4`>@T5Y]_PO3X=_]#)!_P!\-_A1_P`+T^'?_0R0?]\-_A0!Z#17GW_"
M]/AW_P!#)!_WPW^%'_"]/AW_`-#)!_WPW^%`'H-4M4U.VTFQEO+Z3R[>%=TC
MXSM%<7_PO3X=_P#0R0?]\-_A6#XR^*OP_P#$OABYTR'Q):;IMI`ECDV-@@X.
M!F@#T>V\3Z5<:;%?K=*EM-((HWE!3>YZ`9IL?B[0Y[B6"#4[666)6:1$E!*A
M?O'Z"O,;'PT/&OPHMM/T?4HKNW;5?/:>!G58XPW*H6^;([5G7/PE\3,8DM9K
M&V:TA-C#/&Q!FMW8[RXQ]X@]?6@#UJ+QOX=N+B""VUBSEFN"!$BR@[\],5O`
MYKPKPQ\*/$FA7^F;Q8^3:31N\R2G[BYX*$88^AKW./I0`^BBB@`/45R_P\_Y
M%0_]?=Q_Z-:NH/45R_P\_P"14/\`U]W'_HUJ`"W_`.2JWG_8*C_]&-745R]O
M_P`E5O/^P5'_`.C&KJ*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBD+`=>M`"T5$US$H)9L`=S6/>^,_#UC(8I
M]6M_-`R8HWWO^2Y-`&[2$X%<B?&TE^P70M`U.]S_`,M)(_(C^N6Y/Y4L9\;Z
MBV7_`+,TB(CC&;B0>_84`=8SX&<&LV_\2:/I?_(1U*VMCZ22@'\NM8H\&7%Y
M(6US7]2OAS^Z200Q_DM:5AX.T'3V\RVTJW$O>1UWL?Q.:`,V?Q_92MY>C6&I
MZK(>AMK8A/KN;`I/MWC+42?L6FV6FQ'@O>3&1Q[[5X_6NJ2!$`"J%`Z`=!4F
MP#H,4`<@_A36]0D4ZOXINRA'SPV2+"I_X%R:LVG@#P_:R"5]/6YE!SYET[2M
M_P"/&NGQ10!#%:PP)L@BCB7T10!^E2A1W`-+10`8HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`*QO%R%_!NKJB%V-I)A0,DG::V:",C!YH`^/;?XQ_%&T
MMHK>&P7RXD"*#I>3@#`[4_\`X77\53_RX+_X*O\`ZU?7@AC'_+-/^^11Y2?W
M%_*@#Y$M-0U?XM:U;Z?\3)Y=(TZUC>2*Y@L"F'X^4\<YK=_X4A\.,<^.+_\`
M\!?_`+&OI[R8SUC0_P#`11Y,7_/-/^^10!\PCX(_#<'_`)'B_P#_``%_^QKG
M(?&_C3P#)<>'O"$+76CVD[_9YYM/+M(I.=V<5]@^3'_SR3_OD4""(=(T_P"^
M10!\A_\`"Z_BK_SX)_X*O_K5#=?$/QYXRB70?$UJ8-*O9$2ZEBTTHR)D9;..
MU?87E)_<7\J/)C/6-/\`OD4`?,/_``I+X<'_`)GB_P`?]>O_`-C1_P`*0^&_
M_0\7_P#X"_\`V-?3WDQ?\\D_[Y%'DQ?\\D_[Y%`'R-?R7_PDUMX?AC=3:Q;7
ML"F>XN+'?A@3\HXXIG_"ZOBH.!8)_P""K_ZU?7GD1?\`/-/^^11Y4?\`<7_O
MF@#Y!?XS_%.1&1]/7:X*G_B5=ORJ[X<^$W@W6_#UIJ/B'Q1?Z;J5PI>XM1:G
M]TQ)X^[7UCY4?]Q?^^:/)B_YY)_WR*`/F'_A2'PW_P"AXO\`_P`!?_L:/^%(
M?#?_`*'B_P#_``%_^QKZ>\F/_GDG_?(H\F/_`)Y)_P!\B@#YA_X4A\-_^AXO
M_P#P%_\`L:/^%(?#?_H>+_\`\!?_`+&OI[R8_P#GDG_?(H\F/_GDG_?(H`^8
M?^%(?#?_`*'B_P#_``%_^QH_X4A\-_\`H>+_`/\``7_[&OI[R8_^>2?]\BCR
M8_\`GDG_`'R*`/F'_A2'PW_Z'B__`/`7_P"QH_X4A\-_^AXO_P#P%_\`L:^G
MO)C_`.>2?]\BCR8_^>2?]\B@#YA_X4A\-_\`H>+_`/\``7_[&C_A2'PW_P"A
MXO\`_P`!?_L:^GO)C_YY)_WR*/)C_P">2?\`?(H`^8?^%(?#?_H>+_\`\!?_
M`+&E'P1^'`.1XXO_`/P%_P#L:^G?)C_YY)_WR*/)B_YYI_WR*`."^#>DV^B>
M`O[.LII+BUM[V80S2+M,B[N#C%=_M!&,"D"*HPJ@#T`IU`"8'I2T44`%%%%`
M`>HKE_AY_P`BH?\`K[N/_1K5U!ZBN7^'G_(J'_K[N/\`T:U`!;_\E5O/^P5'
M_P"C&KJ*Y>W_`.2JWO\`V"H__1C5U%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!15.^U6PTV,O?7L%L!_SUD"_SK#N?'NDJ=FG"[U20
MG`6RMV<9_P![&/UH`Z@\4A<`9)P*Y-M9\6W^!IGAZ.T1N?-U&X`(_P"`KFD;
M0?$^HH$U3Q&;92"'2PMU3/MN.30!TTU[;VZEKB5(E'5G8`#\36'>^//#UMN6
M/4!=2@?ZNT0S-_XZ#4</@#0_E>_MY=1E!SOO)FDY^A.*WK73K2QC$=G:16Z#
MH(D"_P`J`.97Q3KFHH/[%\-7?(_UFH.(%'IQR?TIPT_QGJ`S>ZM9:8I_@LX3
M(P]MS_X5U8C4'..?6G;1Z4`<C'\/[223S-7OK_59#R?M-P0G_?*X%;MAX?TG
M2Q_Q+],M;<GJ8X@#^=:5%`#!&`,8XIV!2T4`)@4M%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%``>HKE_AY_R*A_Z^[C_P!&M73FN8^'G_(J?]O=Q_Z-:@"WJW@_2-:U
M`7U_;R&Y">7YD<S(2O7!P:J?\*^T'_GC=?\`@9+_`/%444`'_"OM!_YXW7_@
M9+_\51_PK[0?^>-U_P"!DO\`\5110`?\*^T'_GC=?^!DO_Q5'_"OM!_YXW7_
M`(&2_P#Q5%%`!_PK[0?^>-U_X&2__%4?\*^T'_GC=?\`@9+_`/%444`'_"OM
M!_YXW7_@9+_\51_PK[0?^>-U_P"!DO\`\5110`?\*^T'_GC=?^!DO_Q5'_"O
MM!_YXW7_`(&2_P#Q5%%`!_PK[0?^>-U_X&2__%4?\*^T'_GC=?\`@9+_`/%4
M44`'_"OM!_YXW7_@9+_\51_PK[0?^>-U_P"!DO\`\5110`?\*^T'_GC=?^!D
MO_Q5'_"OM!_YXW7_`(&2_P#Q5%%`!_PK[0?^>-U_X&2__%4G_"O=`/\`RRNO
M_`R7_P"*HHH`IW/PF\'7LHEO-*,\B]'EN'8C\S5J/X<^'(D"16UQ&O\`=6[D
M`'ZT44`+_P`*\T#_`)XW7_@9+_\`%4H^'GA\?\LKO_P,E_\`BJ**`%_X5]H/
M_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A
M7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`
MXJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z
M_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_
M\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB
M@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`
MR7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K
M_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X
M5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_X
MJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#
M)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/
M_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A
M7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`
MXJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z
M_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_
M\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB
M@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`
MR7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K
M_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X
M5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_X
MJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#
M)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/
M_/&Z_P#`R7_XJC_A7V@_\\;K_P`#)?\`XJBB@`_X5]H/_/&Z_P#`R7_XJC_A
M7V@_\\;K_P`#)?\`XJBB@!#\/M!_YY77_@9)_P#%5N:5I-IHNFQV.FP^5;QY
,VIN)ZG).3110!__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>aif_pg50.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg50.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#-34`
M`)*2``(````#-34``.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,C$Z,3<Z-34`,C`Q,SHP
M,SHQ,R`R,3HQ-SHU-0```$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,C$Z
M,3<Z-34N-30V/"]X;7`Z0W)E871E1&%T93X\+W)D9CI$97-C<FEP=&EO;CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.F1C/2)H='1P.B\O<'5R
M;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^/&1C.F-R96%T;W(^/')D9CI397$@
M>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS
M>6YT87@M;G,C(CX\<F1F.FQI/DUI8VAE;&QE($-R97-P;SPO<F1F.FQI/CPO
M<F1F.E-E<3X-"@D)"3PO9&,Z8W)E871O<CX\+W)D9CI$97-C<FEP=&EO;CX\
M+W)D9CI21$8^/"]X.GAM<&UE=&$^#0H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(#P_>'!A8VME="!E;F0])W<G/S[_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`,+`><#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Z+N+E+=`S
MJ[98*`BY)-1F^`/_`![S_P#?%-O<A[;!Q^^'\C5K\>U`%?[</^?>X_[XH^W#
M_GWN/^^*G5ATW<U5O]3M=-2-KN78)9!$G&<L<X'Z&@"3[:,9^SW'_?%(+X'_
M`)=KC_OBJ<7B+3)@S)>+L6%IBV.`BG#'/M_45''XFTEYDC74$+.ZQJO<LV,#
M\R`?0F@#0^W#_GVN/^^*/MP/_+O<?]\55GU_386(-_`Q$@B98Y`S*Q.,$#GK
MQ6BC!E4J20W<T7`@^W#_`)]Y_P#OBC[</^?>?_OBK!!'0FD!)]:`(/MO_3O/
M_P!\C_&E^V_].\__`'R/\:GYHP:`(/MO_3O/_P!\C_&D^W?].T__`'R/\:LX
M-%`%87P)_P"/:?\`[Y'^-*;W'_+O/_WR/\:FW9;'2@XZYX%`$`O23_QZW'_?
M(_QI?MO_`$[7'_?`_P`:H?\`"3Z22P%XN1O['G9][''.,'\C2S>(M,M\":[5
M284G'!/R.2%/3V/X`GM0!>^V\_\`'M<?]\C_`!I#?XZVUQ_WR/\`&JJ:]I<E
MI]H&H0)#OV"220("V,XR<=B#]"#4MEJ-K?M*+:82F%_+?:<@-Z4`2_;A_P`^
M\_\`WR/\:/MW_3M/_P!\C_&K`I>U`%;[</\`GWG_`.^1_C2_;?\`IWG_`.^1
M_C4^#10&A7-[C_EVG_[Y'^-'VX?\^T__`'R/\:M9II%`$'VW/_+O/_WR/\:/
MMG_3O/\`]\C_`!JP.::3@]>:`(?MG_3M.?\`@(_QI#?8ZVMQ_P!\#_&H[[4[
M33GC6[N%B:4,5#=PHRQ^@%5QXATR2%Y4O$*QQK(_/S*I;:,CJ"2",>M`%S[<
M/^?>X_[XH-\!_P`N]Q_W[JC;^)=+N+E+>*^C>61MB*/XC[>H]_7-2/KVF*R*
MM_#*SR>6%BD#G=SP0.G0_E0!:%\"/^/>X_[XH^W#_GWN/^^*L9]>#025[YH`
MK_;A_P`^]Q_WQ1]N'_/O<?\`?NK&32Y-`%?[</\`GWN/^_='VX?\^]Q_W[JQ
MDTF30!!]N'_/O<?]^Z3[</\`GWN/^_=6,FC)[T`5_MP_Y]Y_^^1_C1]M/_/K
M<?\`?`_QJ?C=D')]*R/^$ITDKN^VJB[#)N?@;1U.?PH`T!?9_P"76X_[X'^-
M+]M.?^/6X_[Y'^-4YM?TV"=XI+@JZ%05Q_>R5_D:?'KFFS6\4POHD24E4,CA
M-Q'7&>M`%DWN.MM/_P!\C_&D^W?].T__`'R/\:;8ZC:ZA$\EK-YB(Q0MVR.N
M*M8!&<T`0?;?^G:?_OD?XT?;?^G:?_OD?XU,"/6G<>M`%;[=_P!.T_\`WR/\
M:/MW_3M/_P!\C_&K&1ZTHQZT`5OMW_3O/_WR/\:/MP_Y]Y_^^1_C5DX]:3:#
MWH`@^V_].\__`'R/\:3[;Z6MP?\`@`_QJ=L`<G%4[W6++3I4BNIMC,C./<+C
M/\Q0!+]NYQ]EN/\`O@?XT&]Q_P`NMQ_WP/\`&J:^(M+>TDG6\!AC95>3G`+=
M!T]Z+?7]-N[D6]O>+)(6V@*<\XS_`"!(]<&@"Y]N_P"G6X_[X'^-'VX?\^\_
M_?(_QJL-?TQIXHH[Z&9I6VH(9`_/OCI6A\I8C/-`$'VW_IVG_P"^1_C2B]!/
MS03*/5E'^-3Y5.":&*D#/(S0`V&=9XPZ`@'(Y[$'!'Z457L"&M"!_P`]'_\`
M0C10`7WW[7_KL/Y&K9QP/6JM[]^V_P"NP_D:L?Q4`<Z+^>>]O$.N6UF(+AHE
MC>)"<``]R/6HK^&/48!;WGB2SDBW!BH2,;L=C\W2N-U2":7Q/JNVUU*1?M9`
M^S7113\JDX7S5[=\556UF)4'3=<.<9Q?'WS_`,M_I77'#<T4[G*Z[4K6.LCT
M"QB5%3Q)#M563!*'*MU'WN^%'_`15&_TFPTN6PGM-:MY9'OX$;<5/#.-Q/S]
MR`3ZD5A)9W!4?Z!K62O_`#_'KSS_`*_Z54U#3KB6V@*V6JJEO.D\DDE_\H5`
M2?\`EOP<\Y[8JOJMEN)5VWL=I)I.D3:D4_X2*R^V#_2&5!&&P7!WD;NFY>M;
M*3R`@#Q19D#MY4?_`,57CGA.TGU'[9XB?3]6:359#]D9;W!%JH(B!)F4GNQS
MG[W!KH/L4Q.%L-:YR%_T\\GC'_+?ZTEA=-QO$6=CT8SR_P#0T68_[91__%4A
MN9-N/^$HLL^OE1__`!5>=FUFW'_B7ZWC)Q_Q,#P-WO/Z<?7FD2SEDQC3]:89
M`.-0Z<G/_+QZ8_SQ3^J/N+ZQY'HGVF7_`*&JS_[]1_\`Q5*+B3OXHLS_`-LH
M_P#XJO.ELIMP']G:TV,`C^T#ACSGGS_I2?99MHQI^MODXR+_`*G;_P!=_7G]
M/>CZIYA]9?8]&^T2Y_Y&FS_[]1__`!5)Y\O_`$--G_WZC_\`BJ\Y-K<`Y^PZ
MR%R0";_'I_TW^M/-I,6V_P!G:WUQ_P`?_?/3_7^F:?U3S#ZR^QZ+]IDVX_X2
M:S)]?*C_`/BJAMM2%S%YUOXLL)H]S)N1(R-RG!&0W8C%>>BVF&<:?K1YV\:A
MW[#_`%]8'AVUN=.\3ZYHLEGJA0R+J%M%'>;2D<I(?/[X`_.IY!)YYZU'U:W4
M?MV^AZ>^@V!N))_^$B@664L7<;!NW`@\;L="0/3)IK^'M/N5B^T^)(I6AC,,
M;$H"B$]`0WH2OT)'>N5-I(3DV&M`$XV_;SQS_P!=_P`*0VLZL#]AUD'@$?;S
MS\O/_+Q_>Y^E7]4?<7UA]CH='L;.ZTZX@GUFT6.*_F"QD)T1MB]6SPJJ!["M
M;3+&'1X7CL/$EI''(VXJ4C//_?5>>6&F7=M;W$<ECJY+W$L@*WV-H8Y`/[\9
M/K5I;2Y)XT_6L9Z?VATZ8'_'Q]?SH^J/N'UE]CT474J@_P#%469_[91__%5&
MFHAKDVX\76!F50YB\N+<%)(!QNZ<&N`:RDRP.GZWM7@@:AC'/'_+?TS7.:S:
M3:7XNT?41::M%#=%M.G+WGS/O^:,;_.XY!')`^:I>%MNQK$-]#V?[1(#SXHL
MS_VSC_\`BJ!<28.?%%F?^V4?_P`57G(M96(W:?K9`QN;[>1G_P`C\9%.-A<!
M01I^LD`#=_Q,,`\>OG\<XH^JWV8OK/D>@)>N][':1^*K.2YF5FCA6&,NX7J0
M-W(&>:T!9:L0/^)PH_[=%_QKR#5M#O;Q(;S2;'58-7TYQ+8W$MTL@B?'(*F8
M\-RIZ\'\:]/\$^*XO%>A_:3"UK?V[F"_LV^];SC[R_0]0>X(K"I2<&:TZG,C
M0-CJP_YC*_\`@(O^-)]AU7.?[97_`,`U_P`:U1R/FZT;161L<]J/AVYU5(X[
M_4?-6,DA?LR@-D$<X/H351O!/EMYD>HF-VQYCI``TI!W!F.>2&YSZ@>E=7D#
MM1P0<=:`.%F\,-I.MZ,EI?8,T[IDPYVA8V<#&[&-PSCU)J_'X(\J59(K_P`M
MT96#+;KU4$#OZ$ULZEILE[J>F7,<@3[%,\C`C[P:-D_FU:7!H`R_L&J@\:PN
M/7[(O^-'V'5?^@RO_@(O^-:O%&!0!E?8=5_Z#*_^`B_XT?8M5_Z#2_\`@(O^
M-:N!28'I0!E_8M5_Z#2_^`B_XT?8=5_Z#2_^`B_XUJ8%&!Z4`9?V'5?^@TO_
M`("+_C1]AU7_`*#*_P#@(O\`C6I@>E&!Z4`9GV+52NUM4!]_LJ_XUCMX'CE9
MWGO!,'W;TDMU*OG/)&<9&>#VKK,@<49H`Y-_!;714W>IO<.JA-TD"C*C(V\$
M9!!P:HZ/X9?5]'#75X"L<]U`JF$$X$K1Y)W9R0@^GX5W#`DY0X(_6L[1M/?2
MK`VTK!R;B>;*^DDK.!^&[%`%.PT&^TNU^SVNJX3>7`-JIP3UQS5LV.K'IJP7
M_MT3_&M3`'-&`:`,H:?JW_07'_@(G^-'V#5O^@N/_`1/\:TV;;P`3]*4$'L:
M`,O[!JW_`$%Q_P"`B?XTGV'5A_S&!_X")_C6M@4A44`9?V'5O^@N/_`1/\:7
M[#JP_P"8N/\`P$7_`!K3"BG8%`&2++5L\ZL#[?9%_P`:HZCX;N-6,8O=38JA
M+!5MPH!]>#U':NC.!3<CTH`Y5O!3%I$.JR;)54.HA`SMZ<@_7ZYK/E\.R:/X
MBTA+2]`^UO,KY@&`$A;9QN_A!8`=MQKO,`C%96H:=-<ZMIMUO'EV;2LX[G<A
M48_,T`947@MK::*6VU$QO%C!6W4Y`[')]ZU19ZL,DZJ#_P!NB_\`Q5:B@,,T
M'!XH`Q?^)A::Q8QW%\+B.X9U9?(5,80D<@^M;14$BLO4>-;TK_KI+_Z*-:O;
M\:`*E@-MJ?\`KJ__`*$:*6S_`./0_P#75_\`T(T4`%[]^V_Z[#^1JSCYN:JW
MG^LMO^NX_D:MT"/)-6NXX_&&I%[O28I8;H^6;D_.N50'^(506^A40!;[0%$9
M(3_8W=<?-6OJ-[Y7BS40+>\=([IMR101LLF54=6.>OI56*\P8@8-0<J"&_T:
M+$FX_+WXQ7K4D^1'F5/C93BO85CB2.ZT$>6"4`(^7=][^*N?\5WPETBUT*SN
M](1]3G-L&MSAH(F!,TF=Q`^4;>W+"NIAOY4C@3RM2E9<DDVT(\W/3Z5S?A^_
M;5/%]YX@D2]N;6U5M.LV%O%B11S*QZ8^<8R.R=352[!!?:-F*YMK6&""WN-`
M1+,;(%7`VC`Z?-QZ?A2B^C4QA+O00869HR#]TYY/WO<G\#5R._</;LT.HMY9
M/F;K2',F>F?3'MBE74"'BS!J'[N0NX^RP_O0>BGTQZBJU(942_C78?MV@91W
M=0".&)P3][N.:;%=P0F(17V@IY4GF1X/1B<$_>].:NIJ/EL"UM?,$=G<&UB&
MX'@+U[&DAOFB\M9+?492LFYC]EA!=2<!3CISZ<^M.S$4H;V&,A$N]!"E_.`'
M9CG+?>Z\?K3FNH`L3?:M!_=.9$&?NOC<3][UXJU#?,AVM#J;DR>83]FA&5.<
M+^G6@7Q"Q$1:A\DN]C]DA^=<;@GY=QSZT686*LE[!A0;K0L"0RC''S\<_>Z\
MTIO81*,WV@8$AD_X%G&?O?C5N34)-@'EZBI64N6-K"05X^3_`.OUYI/[097S
M]FU`GS<G-K$<KTV=>.O7K19E6*B7MO&,+=:``9?-_P"!YZ_>KG?$-S!8^*=&
MUL7.C'?,UK<^4,@>;C:[X;D*Z@^VZNM2^=4.8M1)\T/S:P\+_<_^OUK*\3Q2
M:QX8U"QCAU`SR_O+8FVA`C93N1>.?O`<]:F2;5AQ=F6?ML4A.;O0</*)"N?X
MSU/WN33GO890ZO=:"1(XE8G'+<\GYN>GZU%HVNMJV@65[#'?*\X21V%I"P!(
MPT8S[AN>M:$FH/)O\F/48B\H=#]EA.Q<9V<^W--7):UL4VO4.XM<Z$3(XE(S
MR7"Y!^]UXQ2&\A9WW76@_O'\QB#]YAC!^][_`*5H2:ADR$0:BJNP<8MHOE4#
M)4<]QWZ\TT7[8DQ%J`W2;E"VL/R`8ROOG(YI:A8HO?(6F3[7H#"5@TF/XB&P
M"?FY]:R/%[#4?#.HQPWVBFX7;=)Y;8=Y(SN4<MS]T#\:Z(WSGSL1:@N]PR?Z
M+"1&`<$#USTYI[7YE\U$M]0C+,'4FUA;8`.5YZY]Z'JK#3UN9-AK$.JZ;!=O
M=:&J7D<<[I)P0Q'0C=VY%6'U&-UD5[K0?WQ4R`X.2!QGYNV*Q_"=PUG;ZIH4
M<=ZC6%X3!LMXF*0R'>@^;KG)`ZXV\8KI3?F:.01QZ@GF;2A^RQ$*`.>_.::V
ML*2U*1U"$B4O=Z"#/CSC_>QTS\U9LVMS>%O$2^+M/O-/N5\L0ZG8V<@!NX!T
M<#/+IV[D9%;[ZBSO.BQ:@@EQY?\`HL)$6.O?G/O3'OF\R=_(U`(R@(/LD)\H
M_P![W_'-3."FK,J,G!W1ZMI]_::KIUO?Z=<)<6UQ&)(9D.0ZD9!JR"2,UXYX
M0\0)X)\3#2YXY[?PWJ\Q-N]P@5;&Z)`,?!($;\$=`K''>O8U;<"",$<&O)E%
MQE9GIQDI*Z`<T=*0`BEX-24-VMG(Z4_MQ1T%%`#><TM+BB@`H_&D(HH`6BDQ
M1B@!:0]*,48H`![TZDQBB@!#D]*`..:6D.:`&MDT\`A:2ESQ0!B>)?%%CX4L
MK:\U42B&XNH[8M&N[R]V?G;_`&0`23V`JUI^KPZA>W]K"&+6,J1._&&W1K("
M,=MKBJOB#15UQ].\UT6&SO%N9$E7<LJA'4I^(?OZ5F^!?#\6D6=]<:?JBW]C
MJ,Z7%FZ\E(!&J(F[/S8"@`^@'?F@#K`><9Z4IH"@#CK3<DF@!U(<T<XHQ0`E
M.P,48HH`:<T`'O3L9I">*`%[<4SG-.6C'-`&5J7_`"'-*_ZZ2_\`HHUJC^M9
M>I#_`(G>E?\`727_`-%&M3_&@"M9?\>A_P"NK_\`H1HHL?\`CT/_`%U?_P!"
M-%`!>??MO^NP_D:M&JMY]^V_Z[#^1JR>O%`'E6IQ6Q\6:A]HN9$1KIO,==3,
M)C^1<80'G]*J16]J?)W7,D9.3(/[:)V'MCGG//TJQJ]HTGBO4?FTX&2X/EBX
MM&=CA5/4''6J<-JQ:$*VE%I!E5-F^?E/0GMUKV*7P(\JI\;,GQ/=II7AGS;>
M2;[;<M]FMU&LF0)*YVI_O#G)Z<`U>T71+#2](L;&2X,4<:E9"FLD!3W;@@'<
MV21[UA>2-:\?6-E`=-:#2[=KMF%JZIYC955(/.0N]ORKI8[<3I"8VTAEE8HA
M^Q2<D#'<_P`Z2UU&]+(EBMK,+!YMU(-V[SO^)V3Y?IWY_2FFVM=T0>YDVM(0
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M;`JG][K^E/\`LU@V";J7/FX/_$Y8Y7^_U]>U0-:;$5B=(7?(8\+92=>,]_UZ
M4_['B1>=(/[WR@WV)\LV<XZ^WTH`7R;8C)G=3YH7']N,<)G[_7_QW]:7R+12
MQ:YD#*^T?\3IN4_O]>/I^M1?9?FY.D-F3R@?L4GWL^I/%--J?F;?I&X2"(@V
M,AY))YYY'/;BF!B^'8+6QU77-$$\I6WOOM%LJZJR#[/,2P((."0V[WKH&M[-
M-_EW$K$2`(/[<(#)_>Z\?3]:YK6K)]-\6Z-JS-INV=WTJXVVC[`Q&^,LIY/S
M`C(]:WVM#$27;2`J2")O]!<A6Y[#KUZU$>Q4GU)I(+7=)LN7,8D"H?[9)RF.
M6Z_I3?L]N"X2YD($@"'^VS\R'J>O!]N]->Q(+H3I&`XC)6QD`R1CKGGBF_9B
MID5O['+)*(ROV)R"3T/7&.*HFY/]EM0LP^TRDJX$6=;8;US\QZ_+22V]H#)Y
M=U(^'`C']MLI([DG/&/3O49M2IG4G1RT)"RJ+%\+EA@>_/'H!1+9E!*S?V21
M&X1\63XR?QYHZ@MC`U*&/2_B#92VDKM:ZE`UNQ&KE=\L?SQDMGY>"X&<UT;P
M6:O,%NY7<;?*!UIAN'\7.>,9/KFL#QMIT@\+SWT7]EM-H\L5XJ163J7*-NV]
M<889![8K5MX5FLUN4;2#&8HI!_H3\AURO3U!!XJ4O>L7+:Y9:UM!)-MN9&VX
M\H_VTP\SUXS\OZU));V>9O+N9=H4>7_Q.V^<]QU^7]:K_9&7SLR:2&@QYG^@
MR9YZ=^?PS236C(TZ[])`@4-(RV4G`/X\_A5F?D)JFDZ7J6GWEG>LUW#,@58Y
M-:(\S)&X\YVXP#WS@5TGPU\67$L\WA/Q%>)<:M8Q"2WNA*'^W6W029'\8/RL
M.N1GO7.&RDE:=X1I=QY()D$=D[;>`QR<XZ`'&>,U1U#0-:N-,LM:TYM,TZ]M
MYS+8SQ1,C)(,_*Y!QL;E2.<\>U>7B\1AX+WYI,[*'/T6A[K_`"I`N#G-8/@W
MQ1!XK\/17Z1FVG4F*ZM'X>VF7AD8'WZ>HP:W\8KG3N=@O6DI,&EIB"BBBD,*
M***8!1110`4444`%)B@F@#/2@!>E(7I#GZ8H7ISC)H`53FAL8Y-(&QG`)^E<
MQX]DUFT\,27GA>\CMKVSD6X<S1^9&T0/SAQUQM)/!!XXH`O>*+B2W\-7$5NV
M+F[VV<##^&25A&K?ANW'V!KD?@3JRZA\*[.V5BSZ7<36+$GDA')3_P`<9?RK
M'\,?$JX\4_$'3?"OBO2?[%U>QDDNF42;H;MEC(0QGN,.SCK]P<UY]\%?%]WX
M4\.>,+JXBB33;>[27[5<2[4CD.\%`H!9V("X5?3DB@#ZB#`_7N*!7"_"W5M=
M\2>&9/$'B-_EU.5I+&!(P@AMAPG<G)P6Y)ZBNZ4C'&<#UH`-W.*7%,W;SE6&
M!2Y/>@!2:;FES2=:`'"E(S312YH`4#`IO>G4SO0!FZC_`,AO2?\`?E_]%FM0
M]OK65J)_XG>E?]=)?_11K5SG\Z`*MC_QZ'_KJ_\`Z$:*++_CT/\`UU?_`-"-
M%`!>_?MO^NP_D:L`Y;\*K7O+VW_78?R-6?XQ0!Y1JXNAXHU4Q)K1C^TD8LV0
M(3M7U-46DO(4,MTGB!(57<\GF)C`SDG)_G5[69I(O%6H/BP+179*-/-(K*"J
M`G`&*Y7QC>2MHEOI<']FP3:G*+*)H[IRT*R9,C'/&`JMU]17K0=J:9YDE>HT
M1^#;>_N=,GUJ6#7?/U><W(>%D`>(?+'R3DX0#]:Z%!?Y*M#XB)88YD3T^OK3
M;606EO!#:PZ0B6Z[(%%W(=@(P<\?A4D%T\,<7E1Z0JQ,7C'VJ7@D9/;]#5+1
M)$-MMMC3_:!.T)XD!Z$;D_GFE!OV^;9XB*]"=Z9_G2++)'Y/EII`>(DHWVN7
MY2>IZ>_^>M.\]T>-BFE?NB63;<R<$]3SG.:I6$(3??P1>(_F..2G./H:7_3V
M;#IXB!)`V_)Z_7TX_P#K4@NY4.8X](4QL73%U)PS'#'IWY[?A21S-&%58M*5
M8I"R;;J7J>"W(].:!W0[;?!!YL/B$],MYD9SUSW^E(?MH48'B'&,YRG)Q]?[
MW^<TU)_)B5$CTE0)/-`>ZD.&/4GCFG?:6/ECR](_=R>:G^E2':V-Q/3G_&@5
MP;^T%))C\1!3]T[D/;ZT?Z;Y@)B\1H>GWD/'YXZ4&?>@!BTHA9#*H^TRX#<<
MGCG^7'2G?:2NUBFE9#F3*W4@^;.,]/?_`.M3`3;J&=NWQ)D'_GJF<?GS01?$
M,PC\1;"<%LIZ_7TQ^=,6=P@"II`;S/-/^ERCYL\'I^E.$IRR^5I(#R"4_P"E
M2?>R1GI]?YT6?<#(\6:?J.H>&;I+>#7FGB`GMS*4*B2-MZGKG.0*E@U^&:WT
MZ>2YUDR7MM'<`1RH5(9,GG/')Z&M$SK)GS(])YD$HS=R`;CW/%9OP]\52Z!9
M7>C31R2OIMY+`N+US"L+?/&53MPV!]/6N3$5U07M&SLPU!XA\D5=FDDE]-$'
M@'B%@02K)+&5SCM@^OIQ2%;W<?D\1;,]=Z'TX)S]>:WH--T'5]+>XMI!)=0S
M"67_`$V=&4]><+N/KC:15>#16\Z58[JSE,SAT6:.8.SC[NYE10/KM_.E3QE.
M:N35PM2#M8S';4`<B/Q#M_ARZ8Y/U].*7;J!.TQ>(E],2(,?CG%%^=1LM2GM
M;[2+)Y'9?,:WDGF#'(P<*N1^5+,US'OBN;73HQ(V]EFN)8B2.`<%0:Z(U(3^
M%F$J<X_$AC1W4NZ)XO$;QA2LHRGW3P1UYKG?!3:A%HTVD2_VX9='N&M2D+)A
M(P<H#D]=A7I71RS32*5==*;S64R#[5(N[!XSQV]JYY[V6R^(#&5-/:'7;169
M1.X02V_()./O%''&/X*)73301N[IG0Q)=R3O$7UR`JN\/-*H5`>`6(S@$D=J
MTM)TJ66\O+2]U*\G9-Q5C,2L.UL#=_>#=1GC%7M'$<>EW-Y:J5O[^)+B2=09
M`4`Y$8_V<D!3WR3G/.C>&]GBCN1=/80PLLN^->9(\?==>S#\N>F:^*Q^;5:L
MI4X.T;]#TZ&'C%7>Y5%Y9V5BD-A>V]K:/`5MMD+2#)SF23C(7C&3@>IXJ?4;
MV/3%3RI$,T(2-X",0P@Y)EQCID$9[9JI??9KR_N8I1>.3&(WAC58RR8#O`2/
MO84[@!@X9AGM6BFH7$EPSV2&X1X5D@01E4*9Y!;^^>PZ#BO#=G;N=ECE=3U$
M>#/$-MXR!>*UU:-%UNPP6VJ``MRH`ZIP&_V23VKU6&19X4EB971U#*RG(93T
M(]C7&3J]E:ZC#=WDMQYOSD2Q!TC5B`(3D\[MV-HQU[=\GP#JZ^'=9'@Z=Y?[
M,E#S:!/,?F9`3YEJQ/\`%$V<>JX]*^BRW%*4?92>VQC*/4]/!S28%(N,9[GK
M0>#7L&0M)FEII%`#J*04M(`HHHI@%':BB@!,9I0,"D(H4^M`#'4NPY.WN!7D
MI\6ZKI;07]U>S36OAPFRU9&;_CXE?S54MQR04@(_ZZUZX>O'%59-*L)8IXI;
M*"2.YD$LP,2XD<8PS<<D;5Y//`]*`.`U+7?B'X=TFRLM-\+QZPT5O&LVJ7%Y
MN#R;068PH-YY)Z9Z5PNHW_QB\4L]C:>(?#.F&4$&TMY##*0>"-LJEZ^@R!C.
M0?PKC/BKK=EX?^'U_=W%I!=W$B^190SQJZO</\J<'T)S]`:`/GGQ6?&'A%-.
M7Q7JVA7>JZ/(DVG>5.9+ZWV'.T[5&8R!R'[=".:Y?0]6T5=,C7QQ8:U=Z9;W
M+RQVE@RQ0F5_F+2,>2Q7`'0[0,=ZV?%OA*X\!?#"&?[#<27^N3B.]U2==@5,
M;Q#$K?.`QQN<@;MN!D'GJ[CPOXAL9]$\0>"],&LP3^&]/.NZ9\I6X4Q;.4/W
MMPC)&.00#0!>TKX]6G[K3_"VF>))Q&@2*SV172JH&````^,#^]7IO@_QAXWU
MJ\B76/`S:=ITG!NYKA864'OY)+-4_P`(]<TS6/!WE:99_8I]/D-M<6K0"&1"
MOW2Z@#YBN.<<D'I7=[1D$G%`'G/P\?5-16TO]2;47202'SI-5$D;D,P_U&,J
M,#@=J]'4EA\PK*M?#.@V-\+RTT2PAN<EA<16L:N">OS`9YK6SGI0`W'-+BEQ
M10`F*6BB@!1TIAZT\=*9WH`S-1&=<TK_`*Z2_P#HLUJXQ^=96HOMUS221P))
M>?\`MF:TD<M]Y<<T`067_'H?^NK_`/H9HHLO^/0_]=7_`/0S10`EX?GM_:8?
MUJU_$.*JWA^>#_KNO]:Q?'`E30_,AO'M=LJ!MA8%]QVXRIR.OO2`XW5[FTB\
M5:D9[8OLNCYFW3S)O&U<8?%>:>(+F/6?'D-O:SQPC3(=BLMMY)>>0Y;Y?9-H
MY[M72>)/$\6A:_J3WDMVZ1.)'CM;@;MHC4EL,,GZD_6N-T:RU>WM&O+^U\^?
M4I6NY#D;HC)R>>N<;?RKO]O3I*"JRM<QI8:K6E)TXMV[&A=6<*WQ>\6V\EVQ
M$`@0N_U%6;3[<KP7#R_9=K?O(MJOE1T^\#52*-TCM89;:22..4ES<`Y7W!Z5
M'(PN[ZY:RF%O-A0)I#\LB]^/7Z5V1K49ZQDG\R9T:D7:46OD;-GK-]/#/-9R
M:=<IO*H9K)/E/O@`FG?\))J#36T=O:Z1.%?%T5M,!!]<]JQI'9;FWDN8IK<)
M,4C$(^63/=OQQ3GW0V%U%<6RK/<N<1Q-\TH]16EHLR<%U.@'B+[));K>V.F;
MI)&^Y%@,.P'!P1^M7?\`A(;2QCC;5+.VXD(++`F&'91Z?6N3$%[9[6BB-Q%A
M%CA8?-%P023Z\]:9"CR6Y@A@:X6.Y)D^T_PX[K[4^6Q/)$[.WURP,.9[,AO,
M+'=8Q_<[#AC^=$7B+0IH!)"Z$0W&)!_91)V]EXZ'WKCI(O[1OY9;$O%,L6U+
M@<H<5'<[T6)KN.2,0SKB2`<3'')/UI<M]A<B.R3Q?X;F8Q17$1DBDRP_LIA\
MO]WD#GWJ^NJ:5-M=45E,NX;=,."GI]??]*X5V:!;Q[NV027)VI'&<-(,?SJ.
M*RN+:&"2WB2:#8N+9P"ZL2,DFERL7LT>A)=6;*7^S%_WN[C2&P$]/_KU7N-0
MTNR1UN]D*F4.N[3""$_N_P"T??\`2N!AC=XKNVM;<RR>:#(MQP`#UP14DJ1W
M>H(+%-LL4;;+A,;4;OGZ4<@>R1V:>)="NPZZ=Y5P8Y=S`Z:`57^Z=Q'.>]<K
M-J,4?Q'GVK'''JMNJK$``8Y8LG!QQRF>?]FJEX9HX2MY%,4C*%YX.#,Q[GVJ
MMK5K-<VEU<^5##=QNL]E*/O.ZG(&/<#'XURX[#+$8>5,[L#6^J8B-5=/R.P7
M"/N1BCXZKP1]"*M+J.H.RQ#4+UMQ"[3<R'.>W6LW3-1BU32+:_A&([A`X!ZK
MGJ#[@U98<D5^:)SIRY6VK'ZDZ=.K#F23OL=CIWA^;1/-O+MYI+N[A"HL%O,0
MH)4G>RC=G*\=*N36=KJ%JL%[ILMS*SXVSVUV8\>OS=*Y'2M9N])V&T\MF3<`
M95W$`]1G/2K5MXIO+)G,%O:`N"')B;#`]<_-7T5',<-3BHQ;1\A7RG'59.4D
MG\S>G\*R&9[*RMK"TDC3<6^P2O%CO@D8)^A%<5X_TR6VT7^U(K!_^);<PW(D
M33G15C'R3;\@?*48GTX'-=7I6I:=J]P+5H+2PF"9(EC9D/N',@_(C-5]3UK1
MI])N](G@^WQ!)8$1(#'$&8%2=Q<[A]`:]+ZY#V;DYZ'BO`U?:<G(^8Z:UE2"
MYM_[-O8!I-K9!VMT4E]I'RM^/'Z^M16T*:?)?7DURTJ2+\\0'[P`G(,G/49Q
MD=`!7-_#+5KRX^'V;V9$DTP+827+H"=\)*[3QEOE"8/4[O6NB5+71M4-Y=W(
M+7LC0Q!$)(=V!(;Z$X'<`FOC*D?9N46:ZQT86<,=K;/=74D=O?B%YE,SEO*7
M&`S8ZD#`SQD`#M3KB":ZTRWM+^Z1YD03/)C]RRG[H8\<\C'J>?:J]W<7T+^3
M$@N+G85F:*WR+B8=(WR/E0@CYO<U?U*S.H7#63WD`$9CD2%DX##C:W8@YZ=>
ME0]DP(;V%;AX+`^85AA)GFD8`,F`0WOR,@]BHK)\3:!'KFFVEEI.HQ64=HGV
MZVE"9EAE7YEE!QD@MC/3(+#OQHVT\+Z<L4%R9K6Q!MITN8_]<W&W)[#(Y_6G
MV%S>2V]S-=.8E6$8N)8`ABDY+(./F4?+SS5QFX-2CN@:T+W@3Q8WBG0V^W1&
MVU>P;R-1MCP8Y<=0/[K##`^AKJ=P)VGK7D7B/S_!WB"/QSI\XFBE=(-5M8@2
MT\)4?,!V:,#<HZG)'<5ZI87]OJ>G6]]92I+!<QK+#(IR'5AD$?A7U^&KQKTU
M)?,YFK%H<4O6D(R*0?+702*:04M)0`M%)1F@!:*3-!/!H`6D-(M/-`#:.U'>
MES0`F!4<D*3,C/$KM&=R%A]T^H]ZE(S2!<=Z`/.OCEX<_M[X0:RBKOELD%]%
M[&,DL?\`OC<*E^#O^E>`;'4F'_'S;6\,9_V((4C_`/0Q(?QKKM>O;"RT:X;5
M&/V>4"!D5"[2&0[%0*.6+%@`.^:RO`4.FZ=X.L]&T@W!BTM1:NMU`T,JL!N.
MY2`03G/OF@#I$A597D"*K/C<PZMCIDU(PR*:/EP`3SZTYNE`#>>G:E`Q1VH%
M`#J2@4M`"4'I0:*``=*:1DT_H*:".2>U`',^,HUE%@CP&X4R2%XAUD4(25_'
MUJ[X8D,VE^<+2>T$LC,8KAB7!SCG(X_^M6?XUB^T16-NN`9IG0,Z!E4E>I!Z
M_P#UZTO#4<<6FN('LVB,S%?L7^K'/3/KG)/UH`O67_'H?^NK_P#H9HHLO^/0
M_P#75_\`T,T4`)>]8/\`KLO]:R?%=Y<6MI"('PKDF0;4Y`!/5P5'Y<]N:UKX
M<P?]=E_K6=XC2V>.W-Y8&[5&+@>8%5<#/()`;H/E/!H#J?._C^WN-4\=7%B;
M.!Y+VXC_`'Y=HF,*Q(T@*X(4'[O<C=BNABDO'+F[AAA)/`BE+C]0*I-:R2_$
M+6M3F7$4*16]N,=C$CMW/^R.IZ5ICYFW'C-?-YMB?:55#I$^WR/".E0Y[_$*
M!A>U,"+DG"X/M3RHQ2!0*\9-K8^@:3W(GMH)2#)"A*]/D%0G3;)YA*UNID'1
MCGC]:NT$9J_;58[2?WF3H4I;Q7W%*2QB8#RY)X2#G,<AY_`Y%0?8;M8YT@N5
ME$G"B=<;1T(R.M:84487/2NVEFF,I?#4?SU.*KE."J_%37R,.UM+G39GMUM4
MAL\?*(#OY[]\U75IHEDC2_*RI)YI:>+`$7=5SU.:Z-\8``IK('&)`&'8,,C\
M17JTN(Z\?XD4SR*W#=%_PIN)S]QF_F-RL%NXBCW6L[.1A_7_`.M0UT+C2([D
M7AA:U=3<%$^^>X'UK6ETFSG1$:$!4.5V';@_A4<^F2O$8H)T3+;F#Q@@\\UZ
MU'B#"RTFG$\FMP]BH?`U(H?:ITEEW3Q2O*N^VBQM;&.XJ&W;^RKBW5DA@@E7
M+0KEF\P]>:NWT-W'!YUK:QR7$8"QN,':/;/-4P8;"X*M8RLDY\V64HQ56'IZ
M5[%+&X:JKPFCQZN"Q-)VG!_<+/)-'+=VT6H#SF(E'F)A8U],TLF=4>(I!!<P
M1Q[XIF<C;*.Q]\XXIJW[0"2:YVRI.P2,1(-P4_WJ=Y$<TLUM(L2V<(#Q+&^U
MMPK=S@U\2^]'-[.>UG]S*OA6]^S:I?:-,ZMO8W<&T;0,G$B+]&Y_X%76."C;
M>M<3JNH(D5OJ,<(AO[&3SS%@YEB^ZX_$`'_@(KM(98YH4EC(='`92.X/2O@<
MZPRI8GFCM(_0<AQ#J8;V<MXCE!%*YP,KUHS1C->#:Q]`-S@9*AOPI0HPI(QC
MM2XQTI3TIZL5EN6/`5R]MXRU70[B?R8-73[;:':"1.J@2[<]&QM/X&N\TZZA
MN+BYMK1'BO`O_'Q(`Y<K\I<K_"Y(/'?@UY1K,-R;6.^TQ_)U+3Y!<V<G^VO4
M?0KN&/>O1_"_B6'Q5I*SZ?FU6X@$HGZR*R'8RR^^X'\!794?M(>U[:,^'S7#
M.AB&UM+4LQFXN[N1GN+B'3U4[YF8*458P06.,B42!B0<C;CUQ4EU/:&UBU!Y
MVOH[A?*,<8"1NXZN2>0>..?:G+<Q6NFK!9W%H()82EL\K%Q*YX+.>?E&,9/M
M4UY<1:?;!(Q`1%LB%J!B-&/.]C_=]_7%<]U*S1Y0R_EG^P)-:22)'<P@0H4`
M^8D%LYS\Y4$+VR*9:*P>"#4]0(N[V)QY,G)(#'RW'&`X7;GL2#Q4C;+J:TU!
MG#S30&2WL97*X)`SQW'3KTIT4\5[(UTUU92);PE#<"/+QR'JPR,;>OM2<O=L
M%QEG/#+>W-E%ODNDB:-KB8*WF%,#+IV/S<>HK`\&7W_"%>)!X9N))#HFHRLV
ME2S8!MKG&9;5O3)RR#ZBMVWO&EOYM.7,;F,@78Y=BFUMS?[)WX'T-9NM:3IV
MK>%I-+GNH8K.6/=!<JY:070.5D4]5V/SGWQ7?A<4\/--[,F4;GHZD[<_F/2G
M`5Q_@+Q1<ZK8W&E:\%CU_26$-ZJ_=G7^"X3U20#(]\BNO)(''-?5IJ2NCG%-
M'6F@G/-.%,`Q24II,4`%!Z4N*,4`-'%.SFC'--;B@!>]+CBDZ#(H&<4`!I<@
MBDYI.:`,/Q9IESJN@2V5K:VEX6>-FM[QV1)55PQ`=02C8'#8.#@U!X-TK4M,
MMKM=0=HH7F!M;1[QKMH(P@&#,XW-DC.#G'0$UT@/;%*/84`-[C=UIQ/%)28H
M`<.E&*!Q2GI0`W/-+F@#GF@^U``:#TXI`<]:=TH`0<+[UFZC+K$;H=+L[*X7
M^)KJ[>$CZ!8WS^E:6,\TPGGD4`<;X@&N736T=_IMDBLLVT6UT\Y8[.`5:-..
MN<'/''-;/A5;J/2!'>1F-U8@*(V1%7C`16&X+CINYJMXPN%MH+:=QQ&)FY8+
M_P`LF'4\#K5SPE<-<>%K%G,C%8PA>0@ERO&[CL<9H`OV7_'H?^NK_P#H9HHL
MO^/0_P#75_\`T,T4`)>G!@_Z[+_6L7Q=%'<0VB/?V]IB4G=<0B0'Y3G&00O!
M//O6U>C)@_Z[+_6I9H8Y"/,B23`(&X9P",'\Q0MQ=#PZ]</J=VR[,-(F/+`"
MX\I,$`<8Q^GI41Z#%7?$")#XKU:*!%CC6YPJ*,!0$7@"J0[5\3B_X\O4_2\O
M_P!TAZ"`&BG4E<IWH;SFG"DI:+W$%)2T4Q@**6DI`&T]CB@+ZT9-&33N(-@S
MD'!]:5N1@\_6DS2]:0#`!W1<_P"Z*0QJ6W&-#_P$4\BDYS[52E+NR7"#Z$31
M0R$B6)&4C!RHY'<5B^&I&M%N]%G8F73YL(3U:)AE#_,?A6^0,5@ZPATO7-/U
M:/&R5A971/\`=8Y5OP(_6NFD_:*5.?7;U1RUH^SE&I'2V_H;U!XI'!S\M*H=
MV5(P69B%4`9)8]`!7.E*4N5;G4Y**<GL('"]33\AAZ5TVG^"I?MAAOY(WFC4
M.\4;NF%[C)C()QZ'\JMW&@^'?M@:"%_(X!9KFY5_?Y=N/UKU8Y37DKW1X-3/
ML-%V2;.,Z9!YST%1^$KZ?P[XO;25OH['2=6D-VCR("!,H_>1Y/\`>`R!Z[J[
M&[\(VES;W$^CN((XOO/-+*Y([':R9_(UR7C+PGJMCX4EU&.X@\ZT7[9:RP%R
MRO'\V>5&.`1]#5PR^M2GRO5/^E^)R8K,,)CJ#C>TEJKG=7T5I>7DT9EFBW0B
M(V\-N`QA(W-"0>C@-OXPV#]*TFO&DOB+>.*ZB>W$B1I'D21Y&?F]?1:IZ(8[
MG38];9UCN[JV^TP"XDX16155W`XW8PI8=0!]*EEAN[C2;>VN;J-+M1YTQC8Q
MQLO099>G8\=_:O+FTE9'SBW'OYMO%<)J%VLTQ!DB;R?]3&<#82.A;.`!WJM:
MR6T4<[VTSRRM;;;9IXU"^4N<J%7[S+D@@\YJQ?(\LUOIJM+,ZQ@74CG:C*,$
M.1ZY&0PZ$>]21A[2YLH],N+5K".)IIA(VZ1@<L9/7G/7ODT.2<02U(V>[GLT
MEMY4L40(_P!KDBQOC&=RM_=Y[54OWM;B\\M)Y(V>%@D<5N`Q1QEDP>,L!N7O
MP:O6T$D%[<:G<7;RVTJDLA#$NI(V@I_#M`."!SNYJ/3;2&64:C=DI-R\/GR#
M=A00'<#@E03AO0FIE+0?4P?$$%S9:I8>)_"\9ENM,M2JVT2$_;K1<>9"S?WU
MY9!URI]:]%T36++7]$M=6TF836EW$)(G]0?7T/8CL17,$WEUH\5K=W$'VJ4M
M-B%BD<D77#,OW<]<CFN?T*Y'PX\8QZ7-<,V@ZV^]7<82SO6'(STV28X]&^M>
M]EN*5E1F]>AC.-CU;&?K29P<4+G)SP>U.V]S7NF044M)2`6D)P":2C/K3`9<
M3I;V[32.B(@RS.VT`>YH1TGC21'#!@""IR"#W![UD>+5(\,7,BH\K6[)=+$B
M%S*8I%DV8')W;<?C7%Z/\2K72M&M;%O"GBZ1K:)8R5T@@'`[#=T]/:@#T\8Q
MBHIKJ*W5S++&FQ"YW,!A1U)]![UP9^+EGSGPCXO'_<(/_P`56+J/Q%\S6#J=
MGX4\11F/3IK=3<:*[?.S*P+8/*@H.,CJ:`/3X]4LII88X[VW9YDWQHLRDN/5
M0.H]ZM@\X%>/Z=X\\):=J&GSIK-A;K#&1<.+G<TWS.VTJ<*/FD+;L9!&,8/'
M3CXQ^!^<:W;_`/?U?\:`.SGNX()HH99XXY9CB-&<`L?8=Z@35["41&*^MY#*
MQ1`DRG>PZ@<\_A7G&K?$[PEJ6H:<T>MV#6UM/YTJ22J'<JRLFT@]B"Q'&2%Y
MQD'`M?%$"36LEMHFOW%C`ZB`6NER3Q+"LD;J896.6!\H\GH'X^Z`0#W('/WA
M@T[`'>O/E^+5H&)_X1#QASZZ0?\`XJE;XMVN/^10\8?^"@__`!5`'H&!ZT<#
MO7GP^+=M_P!"AXO_`/!0?\:#\6[4?\R?XO\`_!0?_BJ`.ZNKR"SB,EU/'!$/
MO/*X0#\34/\`:UBOG&2^MU6#;YC><N%W=,\\9]Z\W\0_$:VU?2C!%X/\6&8N
MKQLVF2(8V4Y#!E;((/..AZ&G>']-G\4VEQ>6\5S:&VE=`FJ630/.7W,[.O/0
MN=N,X`%`'J*,&Z'([&G$56L;3[%8VUOO:3[/$L6X]6P`,GWXJQG)H`4=*1Z=
M3.IH`R]1_P"0WI63@>9+G_OV:TU&TX!R.WM6=J7_`"&M*_ZZ2_\`HLUIXQ^=
M`%:R_P"/0_\`75__`$,T467_`!Z'_KJ__H9HH`+SK!_UV7^M6"<&J]YU@_Z[
M+_6K##FA;@SQ?Q)SXOU<_P#3S_[(M9O2M#Q*<>,-7_Z^?_9%K//2OB,5_'EZ
MGZ9@/]UI^@HZ4E*#Q25SL[!*=244D`M%)FEZT##BDI"C4F".M`#J*4=*2FA!
MFB@T"@8M&*2G4`)BJ>JVAO=)N;9!EWC(3C.&'*D>^0*MYHSCD<&JBW%J2Z$3
MBIQ<69GAW4)=0T:W^T@F\C8V]P,=)5.W&/4XSCW%=MX<TBZM+W[;=VTL;J"B
MQ2V,S%0>K@IQG'3TKFO""KI_Q)E"P12_VE:F[A+6_G.D\)56"#(QN1@>O\%>
MDWMLEU<F:/3IT+X+>9I[N<]SD2#'Y5]/@L)3?[_O^!\5F>85E?";6T;[@UHE
MU>1PZ8+J)&&!]L%ZF3_O;@,4^`3FVEAOQ.8+8XC,"W8?<21R2<LO'X?C5BZA
MF2P&GW47VA#M\EH;,E(_]X;\_K3)+06MK-IT]NUS&0'C$-D^P-ZD[SGMTQ7K
M;;'SUR$7+3V02_CO&DB7$!@@O%'N6.<MVJC>VE[#H<]XW[R.6&0,A%XYQL(.
MY&;@?45H:?830R/<6Z+:R1#(+V$BEO4*#*<FJ^KVQN-/U/5HH?)\FU>7_2+-
M@Y(0Y(^<`_E0T+1',>#KZ6/X>:`T,4-P\VD0>9OC,IN'5%"P=?DXP<GC.3CK
M787]O)?$V<,L""/9,D#9!;!QL;!&5/\`A7*?#TW<W@S0XUE:"U72[<&9"`JJ
ML",&+?WA)N!!_A%=%>-;I`MW)*ES%=*%\JT`422#DR!R<`@#^E?%8AVJ-)=6
M=2"WGMI--2&*ZBNXK1#;7+RAE>1P!M`?L"0>>12Z?<SW!N9WCMXWBM0!*UMY
M8@)SF%@?O`8'(]33;ZZV6+SVC`0W4(:/,("R$[2S-GJVP$@'K@U6^V:E>Z>&
MBABG\R(LXO;A8M@!(BE"<D9&TD'`S6:2Y2BT&AT[53JU[=)'#/\`(,9.YG"@
M*?\`97:2/J:BU"YGM3MS9F=HRDLB0EP>/DBVY^3<,\]*;`\ZQ3'5K6T6Y$0E
M9TN5FCW+TE,>`1]1FE@N;R\U2-;>9FLW4)+<A`AP%)9B3RI#;<+TP33;O9"+
MMY"]W91VD;06V^WAD^S>A5@=I_V3PM9MW9Z9K'AN;0;RY@N+:%3#?-(I#`Y.
MTQMG@A@,'MBKL\MM]B%X+B.[CD!MI!;*!]H?("'<3A2NWOQU]J+J<I9Q7&G$
M;;F)BBM'CS9<<;S_`"SU-'.XM./0+7(/AKXFN[ZWN/#GB0L-?T<`.7ZW,)X2
M8>O]TX[CWKO03CDY![BO)];TO4G32_$&E78B\0Z<T@L;>XQ&;^$$Y@89X+C\
M`0I[5Z'X:\0V/BCP]::KII/D7*9*,,-$XX:-AV93D'Z5];A,1&O34NISR5F:
MV:*:1BE!%=A(M!&1B@FBI`:4!&UN12?9X?\`GDG_`'S3N=U.I@0>1$6QY2?E
M08(`<&)?^^14V12$9YH`C-O#CB)/^^!_A5;4(7CTZX>RAC:X$3F(%`?GVG;^
MN*N\T[MS0!P,\WBZWMI%^SP3[Y"JR&T4%$'F#=M!.<XBR/0FDBE\606<[&!9
M/+E^4/:*"097R5P>0J"/MSN/I7>$%CU&!STI6`*_-0!SOAN35+@W2ZY`J^61
MY3K"(U8$=@>>..OKQ6\(H3_RR7_OFG@<#<<TK#(XH`9Y,/\`SR3_`+YH\F'_
M`)Y)_P!\T]>!S2G&*`&>3#_SS3_OFA(XT!"*%![`8I1P:4GGB@!?NBD([TOU
MI>U`"#D4@ZTX=*;WH`S-1_Y#>D_[\O\`Z+-:G;\:R]2_Y#>E?[\O_HLUJ9_G
M0!5LO^/0_P#75_\`T,T467_'H?\`KJ__`*&:*`"\ZP?]=E_K5D]>?2JUZ<-!
M_P!=E_K5DC/X]:`>QXMXE4'Q=J^WG_2C_P"@+6:1T!KI;O2;'5O&VK6ZZG/%
M>M.V(6@+1Y"(0=W3IVK)CT:].EK>--83*"%E\BY#!&/1<],_C7RN*P=9U)22
M/NL!F6'5"$)2LTNI0!!/!I3Q4UUI][8!C=6<T07JS1G;CKG(R,57#A\;&5\C
M/RG->=*G*/Q(]F%:G4^&28N:6HRP!Z]:?D`9-9K4V`D"F@D')X%-,@$J)E<R
M'"@G'ZGBNAT/PQ%J%PT.IZE!;[\"&*WN8G>0^AY-==#!U:[]Q:'GXK,,/A%^
M\EKV,(N%7+28!X&:;N4':S<GI7HFG1:2NI0VUM#:V>SY-OFV\C2$=N[?D:QM
M5T;3IKV02N;><,0P2ZM4`/NO^37HRRF7)=2U/'AQ!!SM*%D<MG!Q3N.U;&I^
M%GM4CN-.O[*\MG;9O^U)'L;'0Y.#^!K%W`2O$Q7<APVU@P_,&O,JX2K1^-'L
MX;'X?$_PY`:2E)%)FN9G>**7M313ATI`Q*,<4M%4@,K50EOJ^@7TGE>5!J4<
M4OFQK(@BE!C;*MP0"P/->IV^CLSFRO+6SMK0,)1;RZ;:!)2.FU1*W)]<5YAX
MAL#J7A^^M$&7>(F/V=?F7]0*]!T[Q"FOZ+8:N\L<8O+=)466:T&S(Y4;_F&"
M".?2OI\IJ<])P[,^&SZCRXA5%U1HOI]C;ZB\DWA>TCBVY2$VMDK(W9MWFY_2
MFS:?/=LE^UK;W5WW!T^T>6$#H2QFZ>F":MB2S:W74)[J'5'B`$T;O;8CR.[X
M_D:K6][:Q6-U-;7$*3EQ^ZA>VW!"?51@@],'GBO7>A\^M79#I=-CFM9;B;2[
M/4KJ=<O.MA:[X&[[]TF&_.L?Q$PL_!&K)9:?!IZG3YC<2QVUIMFQ&<95)<CL
M.,U(NM^0DPAAO(8\?/B.V57Y[J%R?Q'K6?K4=QK7AZYTU8+6"&X@FC,L,,>\
MEA@9;&!R>PS64JL%U.B%"I+H:GAB..Q\`Z3:Q&T6.73(4C:>09N93$H_(<+Z
M\`<`5I7B06%FD'DP3PH5A^Q878)6.[<S-DX]/S-<QX:N+36/!ND2M=10K+I,
M44L$$6[$.T;Q_LLISR,G!Z5ULEU&^H21FV@N%>%6$8!9Y(@PRV>AP>B]:^/K
M-QF[KJRD8^K7/VZXLYY-0-O;O"LZ026K3*0W&&48#`;<@$9R3[8:-4\Q_GU>
MW5G0(Q.BL<KCH?;M5LRZI;:E<13O)>/<PA8DM)5A:%-W!^;OEL#TP?7B;[7J
M$DDCK8ZAB6((`+^(*O'#`9X;@\U+;20F9_\`:K!COU2U4%-G_()/W<=/IGCT
MYJ72-4AMA<V)N+21-NY9KA&B\YFSB/##H.5ZG@@5;-YJ&2R6.HDM#Y6/MT6!
M_M=?O>]5[P7-[&5N=,U!P8?+S]OB&!C[PYZD4N:_]($3WS6NB:3LFMH7B50T
MFG11[Q+(_'.X'Y0<]LX'MBDBN(M4D2:63]U&Q"6.XH&?;D``@;E.>AZ8]J@M
MUFM65HM,U`LMM]G#MJ$1(4*#GD]<8Y]JDDGN%N8I;NSD@,,+1I/>3)*-R\Y.
MWH<%@3[TF[C+@,5[>1231V,WV)6,LJR9-O(.BX]`,'GOS7)QZRG@+Q])<23$
MZ'K,R)J3$!1!>,,K<*HZ1LN%8],@'UKI-+CM[9U-M,;IQ;&.UB9=@9<_,"?X
MB"O.<'':H+^V77M">TB@M&CNK;ROM+Q?NY8NCK@\CGH#73AJ[P]7F6Q,EH=^
MNTY.>*7@KE:\\^'FNSVEQ+X,UF[-S=V,7FV%U)UO+/.T-S_$A&T_@:]#7"KQ
MTKZV,U**:V.<0$]Z,F@G-&:T$.!I3313J0QI%%*::>M`#NM'44@I:`#:!3#R
M<4XTE`"@`"@8%)2CI0`M)C%`I:`$HH-%`"TM-[TO8T`+3>].IO>@#+U+_D-Z
M5_OR_P#HHUJ?XUF:E_R&]*_ZZ2_^BC6F/ZT`5K+_`(]#_P!=7_\`0S119?\`
M'H?^NK_^AFB@`O!EH/\`KLO]:LGKSTJM>\&W_P"NR_UJUUXH`X"2:>[\075O
MHE[;Q7MKJ+?;$D7):$QJ0O(^;D@X!JGJ%C#>I?Z'HFAPQFUN(9F^T#Y'#$AL
M`XP`HP.>AJ;_`$2X\5:YI=I'/9:A=2-,U_#\I(01C'7..F<8SS2SZJVGV>EZ
MC;Z^]WI$9$<A$#3/<,<DDL.F1ZCC%<LOB9TQ^$FBU6UNKM-5M=8B&E:="8;J
MVC5BH)X!`')7CCBJ-[900>';S5M:M+;5(H93-:K;J%8)_""X487''?!K4NK>
MX::[>X%O-H4EOO>S2W"RG(!]00<\\^O:H+*>&>ZL-1@U6>R6]MF6TTYVS%N`
MQD@<'&>G<XJ6KZ,J+<7>+L<]=Z%8:?<W$^L79TJSG*+8_.&))4%B0<G`).<X
MZ=JFMO"ZP:PFGW6H)=S*@>>"V!A<J2<$%B0>!R`0?>MFPO)[FTOM+>^6YU6S
M9C]HGLR(T&<8RQ(.?7/0BGLBKJ,&GWD936]0M65]3M5VX"Y8!<YSUQ^-<[P]
M&]^4ZUCL2H\JF[%:Q2STR^>S.HG2D8%_*-[&)#QP2C09_')^IJZ+J\CTM)&F
MB6.27Y+O^TD#.?[H/D8Q^&:I7-VUMHEE>P:Z;VQM9<7#-`T[3.6'`.01CH,]
M..35NX@U*;51J-CJ=Q_9<EJ)OLC22K(AP3V(;GY>N<8/%=T*B2L>;*$F^9LL
M7MQ]ETQ+2?4!#J"R>8Y:^17VG_;\G!^FT?6J]M-ON+;[-J[7ES*<R6SW\>TD
M'@9\C+?I4.C^(I9+>WNKMOL<-](84^U:C*Y<@G.S"XSQZ@UIQ:K#!<RP)>/)
M:,=K223W#3+_`+OR8'YUJFF0TR.*6XFU62ZGN(X[6"0&>)+]'CBQ_L^2#^&Z
MLS5(=,UF]8W&IQ1VX),<BWJ?+QUV>5R,]MU:*227<\R:?>2RK$N\F34+A&"^
MX\O%2?;5FL?/N+V2-HR(X1#=7`5R.N[Y`>W7!I2C&4>62N.$Y0DI1=FCSJZL
M9[$*9@KQN2$GB.Z.0C^Z?Z'FJX![_I7I&I75AJNG,NISGS)!M,`EG$)`Z'[G
M7WQ^-9)\+6<#0&>"%TN1F-6O9SQTSD1@]^YKPJV4N4KTWH?58?/U&G:M'7R.
M-9@@R2`.Y)QBG6Y:[W?8XWGV@DF)"X_\=S7H%M9:3HM^T=C#`(B-LDDKS-*A
M[E28S^8-6`S7E^8=*OY9DQD>;?W"$8Z]4(_6B&31^U(FIQ%)_!#[V>=6\3W(
M!4Q(O]Z694_0G/Z5HKX:U&:!KBWN=*-O&VUW>\(P>PX0C]:[A+MY]/D:\O&A
M6$F.-[>[G)9O1B4!_'FA]4CNK3-S>/#<1KMC6"XG"-CNS;`?QQ79#*L.M]3@
MGGN,ELTOD<RGA2"TLA+J^H0P3.`T,<=T`D@[_.T9Q_WR:P?!5W=:=9ZMH]I>
M31Q:7J4R0A)4E0))B554^6,_?/)(]A7H23WMB(;H2HPESY8DOKAU;CN/+_G7
M!ZU;MI'Q8*:?=[?[;L`TLER))<7$'&`Q(_@88SG[O:NCV,:$&Z2L<?UFIB*J
M5=W-Z]U"_GCF,U[<2J%R\%N%15P.00!UYSR>W;I5%!%<Q-"MG-;';@-)'Y;'
M.`ZG;C)!*X[^_-/M%NG_`'M[L9<!H_+1E4'KDDL>V2>A/K3DNQ(EPEO*UU)!
M'^\2'YC&,9R<<G*D$C(Y`KC<YRW.Y0A!71#)I\8C*/)=0$#;YAO)@(^N`<O[
M=<=QQ4K7C6UP,6MW*P&Y6$:MGM@CKVQGJ>M)HUEK6LVD5U!=64=L[^6JR0RI
M)&!U(!;TXZFK$FGZ9?17WF7M[8+I=X(YII9!B7=CDJ``.3QQSGO5*G*1,L1!
M&;\+H+>'2-8@MF3S](U*Z%O#+*%7#HKI(V.1\CA#V^7IG)KKGCU*ZTR&T5H;
M>_P7D@@8HOEY(&&7.WUQG!Y&:X'Q*FL:/\3+]=(O-)>+Q%I?G017EDTBRM#\
MH@7:X.XHP.1UV]!BM#6M0\:VKVVF33>$+J25@PM(&N(YYE`8[?+&\D<5YV,P
MTY56TUK_`%V/-4M;'1ZM/I8O8K;6+FTDNX;4[OM68U:3Y0&..>F>F>]5S-X7
MWR%9=&\OR@8\S/DOWS_L_3FETFW\1Q::LVK7DD%^L"M(EO9/,N%R%56.TLQZ
MD8SDU?6#54DE`U.[/EQ"7_D&$AN.`"6Y;';K7FRNM&_Z^X#/,OAD2G$^C!/*
M^7,\@/F?G]W]:#-X9`8"71\F+Y0]Q)CS/3_=Z^]:'V?5%8PC4[H;8?,R-,.,
M;<;<YQNP<8ZTIMM23<6U&[.(1)QI9.0?X>O)]NM2K=!F<TWAC"AIM&5O*R<S
MR#]YZ?[N,>]1RCPM<0A)+C1U)B.YX[F0%']0?3]:UFM]4*D_VE=8:$S'_B6=
M<_P]>&X'R]:06^IR!"=3NU#QF3:=+((&<XZ\'/\`#UI["*ND:DTI@L+"XLKR
M5&::^G\SGYN3(IXQGG([<<#.:T$$\FI/J,ETKZ85)`P2"O0+LQ@8.3N[U"UK
MJ;74+K?3O*(S,ADTT[%&"2C$'@\D8Y//2H(IV2[AUZ_E^QVKJ%>.3(>([=IA
M*XZ!@6]:J7O:@9FN>';K6_)UG2)_L^LZ>V[2KB0!//VY/E,!UC8$C(/(P3TK
MN?"/B*#Q5X8L]7MU:/[0A$D3=8I%8JZ'W#`C\*YV]N?L(C>=+&&9"\:NSEHT
MC/*@@8(9ATK$\+:C;>$/B"^A2F.PLO$UN-1L;9W&;>Y`"RQX/9P`P]PU>UEN
M(;E[*?R,YQ25T>JX[4FTYR>E-$T8ZR*/J12F:/&/,7GIR.:]VYE8?C`I<TSS
MH^`'7GIR*3S4`^:1>#@\CB@-20Y/2N4UKQM;:/JS64TUE&T>"_G3%3@C.0,5
MTXGC8C#J0?\`:%>?^)([M_$<JP7KQ1RM@;+8N%(CP<L&XR/6MJ$8SG9F-:3A
M&Z+2_$FTPF^?35Z[Q]I/'TXYH_X63:#:6N=-QD[B+AN!GCM7/A;YC"/[1N5^
MT9P#IS?(.GS<_+T[XI/+OR8L:E<J9G*G_B7M\O.<GYN![FN[ZO3[')[>?<Z%
M?B3:$*6GT[&3N(N#P.Q''-)'\2;,JADN=,'S?-BY/`[8XK`6"_9D_P")C<*T
MCLHSIYX(.[)RWRC/(SUHBCOI5B8:C<J'<H`VG,I'N?FXH^KT^P_;3[G0+\2+
M,X#W.FJ=W/\`I)X7UZ=:!\2+3"_Z1IA^8AB+EN%[$?+R:YZ./4'P7U"XCW2^
M4,Z>PQ[Y+=/?I1_IVY#_`&E<9>0IQIS':0",D[NASU/%+ZO3%[>H=`/B3:`#
M-SI@^;D_:3]WUZ=:=_PLFRZFYTT#?WN3]WUZ=:YT)J"\?;[AOWIC(73FR#C&
M[ANGOTIWE:@5.=2N&!E,?&GL?3GKT]^G6G]6IA[>H;__``LFSR0USI@8/C'V
MD_=^N.OM2?\`"R;3+?Z3IGWAM_TD_=]>G6L!5OV9F_M&X4B3R^=.8#DYSUZ>
M_3M2B.^"D+J-UB.4(/\`B7-R?4?-R.>M'U>F'MZAO'XE6F"1<Z81N&#]I.-O
MKTI3\2K0[@MQIF=WRYN3R._:L!TU"-"3J%T`LHC^73F)STW#YNGOTIDHOXQ(
M7U&X;RY!&-NGLV[C@@9Z8/4<4?5Z8>WJ'2-\2;/YMEQIIPW'^DG[O<]*;_PL
MBTPY%QIOW@$_TDC(]^.N*YXQWR22*=2G8HX0E=/8YSW'S<CW[4/'J.)D>_N6
M\M]AQIQ^;/&5^;D>XH]A2[![>H=+IWBR#7_%-A;136C%/-=1!*6;&PCD$<5V
MHZ?C7F_AU;G_`(32S6>ZEG\I9@2]J8@24Z@Y(;IVKTD#"C%<%:*C.R.RE)RC
M=E6R_P"/0_\`75__`$,T467_`!Z'_KJ__H9HK(U$OADV_P#UV7^M6L8/-5+L
MG?!GIYZ_UJEXDUYM!L5N$M&NLMM*KNPH]20K8&>YP/?M0!S2W%Q8^*KR2_U8
M)I]S?20Q6GEC#2>6O!..!WSGJ0*J^;JGAWPR(FT[3+4)=+%$@E8(0<<DL3DD
MX`YZ8Z8IUM<SM?ZUJ>N6D<FE6]V);7:-[HQ1`2,$<`ELEL8'-&W0K[6?^)G?
M2ROK'E36]C<GRV0H6*]QUYP.^.]<D_B9T+8LRP6T7B&>*SNKBVUK5+=G#[_,
MBB(QT!&/IP>_'-09O=073GL_L>L:CIT[17$TX9?))8<[5QW4<X/W00*5;F_4
MWUF]]IEQK\0S9Q1;5=`<$KANV#GZ47WV.2RO/#N7TR^N(&N)[B&(^4.,LQ;.
M2OJ1@9..](HFN)#JU_K6G:K''#9VQ#%[:?\`>G;R`P'7(.<=!^--M-12&/2]
M1M=7:'0I0+9(9TW,[+N4;FZ]LDGTJ`36LE@VL^&]2L8D=U%]=W!SNVJ%'&>,
MC;]1BK,DWG3/>-';7?AZ&$7$7DJ''F`MDJ!R>OTZT@(<ZCH>@:BRZ;I\,23*
M(,.0KJS`$N6/^Z!_*GM':PZ]9R&YN+?6M5MG2'8^^&)O+SG'0@;21UYYXS5:
M2;0M4U%;O5+^5;?6HDBAL;D;#E)058$'IN"X^H]:LM/>V=Q?64M]ILNIB-VT
MJS7B6,[6P.>@*KCKV/--"U()5O;^Q6W#6>N:KI]RRS+=*45,CT7:&Q]*)+:X
MG\4WULNV..VM]PC.H3;%X4Y*(PQG<>GIWJ=Y((]VD7L<MIJFI0B6XN;>(F/<
M1R6;/MSC@?C52`V4FB-J'AG5;-+BU5(KR^N&)`2.,<XYVYVH2>X'KC#N#2+M
MOKI\0Z1:+(1#=&X:!&!G2)L'!&]'!)X[G\*N3Q7`T_[%/%<-/"Y$<D0NPF.^
M6#[F_%L548_VC*'BBLK_`,/I!YD_DJKAYU;G:HY)SV/'7-48;W2+:]@UFWU,
MZ;#?$Q16M[%D%P=NX<Y"]N#R2.:VC4[F4H]C:TR'4;'?<1`&+(61)%O'D([[
M5=SS[@4)!/!='4[82&$3?+')]K:0@_[#/C_QW%49OL%FR:=?K8+J<S;T6(D^
M8I)P!&90V3@],YI;C5;57BTJ*VGLUE)/DW.E3'S7'4J0XX_&M.9$<K);JWEF
MOI3;QW:QR/G#F^!SWZ2`#\`*MWL=]-`+"Z7,Z.HCDA6Z6/;CG<ROENH[_6LF
MQU&UU2UDCMY;:>ULI"9E:W,0BZ@DL9B0.#S@]*HMJ<4]W<?V:NGM'`P*O;[G
MVKQ_$3C()YRH]LX.)E4C'<N-*4W9'12K/!I4VG7,<\DL;`H\`NRH^LF_<1^.
M*S+34ETR8N]]`KCY9(Y#>.Y4GG:KNW/X5D/&)[FXO;F[GNI'^9O/<!8_P``4
M8X/'!IG]H6`^2&]M20!E!-'P/900`WTS7)+$W^%'6L&^K-6;596UK[1I,8,>
M<HUU<W"]#@@IOQU[$`>U<9X^O)939ZP]O<P/IEY'/+(DC21B-B8Y0`SG'RG/
M``XK>FM@Y:62\NX59`VU'`W+ZX(_'/L?2JWB1()M"U+3[V>.&2ZL9$+.P`.5
M*G`SDG(SD#T]ZR]O.3LSI6&A&-UN:MQ;V-U;W-UI6HR)_9[_`.F3SPK('7;G
MY5QC@#T%:]LEW'JUYJ&F6%@=/N(/-2<.RR2$(``<\+R,'`Z`=36+X2U&?Q)X
M)\/M8_8KM+BU6/64`7'^K"[6Q\V<`].XJW<ZMH]U]EU.>[N--L=,E:!H98_*
M60LA&P<]1SD=L8P#6]K,XN=O<1KRUFTG3]=UPO&]O)B%-/FRC`D$'`Z9`Y&<
MXX[XJU>_;))-3T>_OH-2NYD$]I9S(8DV*Y(RR`$GY3QG^'KR:0BSTB[LXI;_
M`$N+P]+$OV>WE)+2G`(<$YW<[>?3WI5OI=.47_BBU<WUQ*]O;S6L6YUCW$J#
MS@=>.Y],\4T#L<A\5;?4I?"NC-+!#:7.FYOI%L)S%)L7Y98X^0<>6_.#R<"M
M.W\*^'M.33=5T;3[(1W4>U#:SLCRLXW;Q,7#$;1C:2>OK6I:V>G.\^DV>HPW
M^M6(G>)I\D0F1E+`KGYL?+G@X+=NE>?:!::S-I=]X-AUZQ33M&N5A@%I:+<2
MW"2,7C(DD.P!3N7.W.5(KBQ<)3A=.UM_0C0]"%C*%,LFFW2A`&8MK#`;>><^
M9Q]?:JMU/:V.CRZI=P31V<48D:X.M'8!ZY\WN1_05SNJ^%?"VEK9:QXBGU'Q
M)+=JHL+*YF,D]VY'RQK"N%P,YS@!>]:&@^"#?:O_`&SXFL]+"VJ`V.F6LP-M
MIL@/".`/G<#DD\`G"CO7D\D(QYW*Z_/T_P`P+^C3QZ_I<.H6>E:D+>4,\?G:
MD\;$*2"=IDR!D'K5]K%S\QTN\W(N[YM88`#U_P!94,U_!;ZM?0SZAIT4R8CE
M:YM5+293<V#O'RY..GUI'U2UD(WZUH;93RPK6:_=_N_ZWI7-+FO=#)GTZ1AY
MATVZSM+Y767.!C&?]9T[TIL)G&#IEV=V6&W66QCCG_6?7\Z@?5;=>?[9T//E
M&+`M$'R8^[S+]W.>.E`U2VPHBUC0QMC\M?\`15`V\?+S+TZ\=*5I]@)9;0PP
MO*=+OF54\S8NK-D@'/`\STXS5NQM[&(KI=RYN[A(_+?S03#-*O.,GDLNX<]3
MGFJMK<QW>HPQ+J&DSB-<L8+959(E).`PD;"Y"YXQ\WK5]+NW&LM;!%&HL/):
M]"`CS-N_;C/3;WJ6GLP,S6?$7]D))J%W(##;PD7$T40#XW'<F>H(.S:#UW"N
M1O/!=[XG\%7VN:S=Q#Q!J#I<1``,T#(,6UNI'W>2-P'4L36BJR>)_&6RY:.7
M1-"G,EW<2SJL=WJ`&4B!P-RQY_[Z/.<5V"V]MI>B,)K:&"(@RW5JC>879FPH
MW'L3CG%=G/*@XI?$_P`NPK79YKX7N8]7TI?LV=.E?)6V:4N7895UD!S@@AAZ
M_E6C'>QQAO.D@CTV%3'<@L7`?(R-V"W/OZ8XJ34/"%[I>H/XC\#65JPN#(+O
M1;E]I$RDJYA?GYBRG*]#U&*SM#UK1M<)T2_M#9ZI*Y^U6,L;121D<_,#SGW&
M17IJK*;YH?\`#'JT)4IQL]&;CW=O%$9-0NXWM)'!@18\;1U`'7.<-SU`QWJG
M$C6US$+ZX::Z<G[/,P.-W`!/)SR`3G`&!@4QUD@M)=0N();+R3Y7V:#:ZRKD
M!6*GH1G[P(.,G-3?VA-,;62"&.[:(J9SG<81@$DKG<KD#GKT^M6I\VS-I4U'
MH2PRR*K0?:H(=32-=\RPA@J==O0#O^M173VIN+B:W^UW#@;)XHYY(R&Z`C#*
M".Y[\$"EV/-%<SZ;J5M,9IO,5V(4>7T"@\[CR`.W'6K:W$L.H2(T)A@0%(Y$
M?+SE<$G`/5<$\]N#UP=*=6=*?,CFJT85(<LD5&A58WD:UF$>"=_]K';T'/\`
MK?K^=5KG4;>*W,AL=0DAR/GCOW91DY_O\C`-7'MIKJTEM6FMH,2+(K1('\R'
M!Y<#H#GK@#.<XXRX&[5[AQ;P7PPHMK:,J2N<$;P<<\9`Z\<5Z,\RG;W4>?'+
M([REH4+J]BLS$'TV_*SR;(]M^QR2PXQYG8$#\:L0@7+[8+&[+8R4.I,&`/3@
MR58DGD:SM_LQB><'D3R?(5!"L02<@@\9'UY-0W]F9Y+FYCN('DFVRPM+@>4@
MY(#8.>O&..#GD4H9C._O*XYY7!KW&2?97;!^P7V,[<?VD>O_`'\I5M95&]=/
MO-N>,:F?_COTJ%EO[.9(K.*V"QX9'FA5O-FP"P3#`YQGDGMSQ6-?>*Q#<6J0
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M\<#`Q4S441-6V-7['/'%SI]T!D`DZDPP?3_64?9)1G=87@5,`XU,XZ'_`*:>
MN/RJ$ZG"<J^JZ&0S>8P,`^_Z_P"LSFD?4('W"35-#Q*XD(:W&2P!^;'F=?E`
M_$5&AES,L+9NA)?3KX!?E9AJ1Z^G^LI#:R!#G3KU<?*2-2/!QCG][4!U**21
MS+JFC,SL'<M;CDCH>)>M#:C;N)-NIZ&?,;>Y:`9=AR"?WG6FF@YF:.G2W.G>
M([:6"S:.?$JQK=7K.A8J,!OF;;QN/3FO3].NKFZB+7=NMNV\A4#AOE'0Y''K
M7D5I>12ZEG[1I]UO21I4MHF21N@!)5F;OQ@=1S7IOA*.WAT8QVC1-$LSC,+N
MZYSTW/R3T'X5YM=+G/0H_":=E_QZ'_KJ_P#Z&:*++_CT/_75_P#T,T5@;"7H
M^:#_`*[+_6LGQ>]J=+$-W.T!DD4HR(6SM.XCAE(X'J#Z5KWG6#_KLO\`6LCQ
M58R:A!;PQ*C_`+PE@^,?=./E)&XYZ<\=>:!'):=K&BQ>-;Q9_$<,;C<OV&X8
MHI)2-@WS'`X'?)Y/-6K2YN];\,6\YU:PM-3B9?,FMVAE"#^Z<[E4\YXZX'J:
MJV<:ZC>D:7'82WD=[LU!;E`T@B,:D`[AEN2#^-1ZAINF/%J&@^'M!'F6UU#,
MZ9\M9-VY3]U@<!<X_.N2?Q,Z8[&Q/=1?:M1^UVEQ9M;VX3^U6B!$G0$C'KGM
MZ=N*BL[RZ@MM"2RO+>\L9%DCNKBY.TL`PZ;B&_O>O(`Z<U*+^"6\CNX=6M3H
MMI$8KN'=P#]T$DCD=L_CSFJ=Y$EMH-Q?>)+2*ZM;&5IK%;<@[8\Y7)&``0%Z
M^AYJ4RBY<"ZTU]4E>4ZM;$!(]*@BC!3<>AVKGV[YIB26J^)=(1+N6RE6W(73
M&C?'S*>..,C!/.>G:H+>2'2]:U2^N(XK`7I5;.Z=SN<NH;E<G.&SDX&,>]2A
M-3CCM+2"\M+G78)/,F+D$^0Q;';OQ^&<4#%C.IZGX>E-U?6=EJ$$@*3H(G"+
MG&#PRC.>W/`J5[E8M2D6^M)P]I9D-K/DCY_DRS#''<\#^59>JVVGN-7T72M(
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M&./E.1DC`]>>U8$[-*<W,DNISLY$0?#%2<=#GY1QR.U1:AI+3V$ACCB%X=@B
M6*,%0VX84#H<]S_(5K2C*IKT-H85M7;-S2=5DU*^T^:5TO\`RE=)+Y(E9HEV
M,=S,HPIR```/S.:=87D\7AR)M&U.+4A_:#>;<77[L!&!)7+G(/(Z?@*EL\1?
M8K;3+ZUMWLG6758%.2XQ\Q)P?\C&:!;Q7UMJ$UW#!=Z#\LMI';@$EMHW$8YS
MG.<Y_"JDU?W3DG9R]TNS17-GJTU[;WXELUMC)_9MO#$S2G'8[=Q'OFL;4'MD
MT[2Y50Z3<.LBKI\L.!+R`/<'=M(SQS@CDU);3V0U:#Q";2.TTUK%/+GDD(*$
MC:%"@G/&.,?C4[B]BTV:$W]M=ZO<3&XTTLRD>6"@;:".#C=ZXS6;M+<2;B[H
MI`B0)D/\C%')R1&0>5(YP>^"*K3F&-A-,T092%\U5"[LL>?E]@/7KGBM35+.
MQ%]-8OIAGU74+1I696*QM*JY..1SD#IZC/%1V\*"UM;.PFM++4[5DEOXBV]P
M@.6!8[CD#MGC/:L%2L=:Q*ZHI6MZEU*TMBDEPL1`EF3`4$]`2Y`Y7CC/KUJZ
M-%GW([RVI0QF0118N))5`X"[@.V!G..^.35O[-%JDM\VVVG\.2PB2/R,%VE!
M);&.<Y]?2J%G-9S7FEZY#IB6VEP6CKYKR,#`4=D4#!(.<'`[Y]JT5-(SE7F^
MIS7@N6VL?"*Z1>7<VCSZ7KDJM$T;;I%\P2J&VX/W7`].O%>@AKVZU75;"ZEM
M8K957[(Y\MI$)0'?M.<@,3]X#H.V:XBU>:T\?^(K=+FVFGUZQCU#29CC898P
M8^XP#RG'/3FNHN8K2WU6T&H:>)=8U6W>"65,A&PASSGKA0#CVZ5M+=',20M<
MQ)IMOJ%O)K[/*7:^CA79#R`!\@"\9SR!P*K1W92VUZ32=474+M;E)$CN!M6`
M;@I&7(4]&Q@C\ZBLDN8]`M]#L);?3-8!$SP*Y)P2"W.6P<#H,\`UHF&/6-5G
M6T-G/H,T)6Y6/!9YU8YQCG(P.^.*!V)Y([J74-.O+758K99%S<V]ND;_`&DK
M@E0Y!8CMP1CZUYYXDNKC2M>L-=TWPV8Y=7\S2)K2^!1)9"1+#*WLNU@0.IX%
M=1`+.YN=(U*WTQ8--TWSHYIKB788"CKM/#8Y))Q@\\?7$^(]Q<1^!]3U<:M!
M/%'-;WFDJ&^9987W.`,<,%R#^.:F24E;N2S1\/>&#HES>:KXAN;?4?$,D99;
MQF*F&#&"D2@8A3YN,#.>N:W+2&UMX+H1RP77^C*BQ",1QM$`<.W/S$9^8@>V
M*Y:Z\;7?V>./7/#&K6TS",W,UE`+R)L$.KAHR2,=<$8/(K2TGQQX;N+RPL=-
MU2QN%(=IWN9EAF4LQ9OW;X;DGI@CGVKYRO#$2C>2!,U$NY(;Z66RMKS;+:H/
M-L_)V28!P_[SG(`.,\8'(J5]6ORC`6VKJ#&$R/LN1_MCG[WYCV%9SRZ?+JUZ
MVJ7]CY8B7[.&U,VX`Y*@*N#@YZG/?%2%_#P0E;[3RPB!7.O/R_<9W=/?]*YY
M)Z:%7+HU2^"9\C6<+#L#?Z)R>N_K][VQM]J<NJ7\87=;ZP=L1C);[+DMQ\_7
M&[VX'M5#S=!`!&H:<"8LG_B?O]_T^]T]_P!*`_AS"[[[3ES&2W_$_?[_`*?>
MZ>_Z5*C;H!>M[M[O493=Q7DDD%EY:6MV8L3Y8AW^3C/R\C.,=A7-Z_J]W=-:
M:#X,CMQX@O+0,VH(`4L[7D-)D\@[AM4'DY]JEU3Q%'X;L+-]'L(]6N=0NVCL
M[>&Z:5Y9`@4A7)/R##%FZ``\<U)X/\.W>BR76I:E>V]Y)J!,M_>QD".7@`1H
MO557D#G'X\UU0BH+VLODO/\`X`BQ::/IFCZ98Z9I+VD%K;QL\)93,96/#LRG
M[S$Y8,>_UK5Q:Q?9;:...ZC:U95=WR]QQRO^.:996$=]?+=L76*"0+`0H03!
M"Q7@]AD\C@CZ4Z-KQM+:-[:WL;UYF6WC4C,B9R=I/0D9Y]<5A.3E+7<:&[`T
MFR>&QCL@JOIT,@*NKJ,DGC(QSDUA7GA71O$*Q+JA%U.BN]I);,8;A78Y;$^>
M2.P]/K6]=F1=/M[>ZQ<:C*/*=`A<F-\X#,!QQCYL=1[U+!93::;1+2V^UAY\
MSNQ!,>%`&`.F``,^WO252I!WB]2K'F,NB^*_#U@(=#F?7=)+&82VJG[7"0?F
M0=!)CC^Z3@^N*NZ?=:#K%Q#>:/?B&:6;=,D/R/,XZK(IY!Z]<=2.]>AH+EM8
M:X@GC.E(&#;&&P`##`CKNW`G=G&`:Y34?`]EXDU8:QI=T^EZA;?);:A#;A1,
MI'"NA&V5<'.?0^U=]/%W=JNC[K]3IHXB4-)*Z,J72UO]+DNKN[.H7,+,RBT8
M)YG'"$#@XY[=^OK+9RW5PD5YJT7FW$!'E&)"LD`)(.]!@X.0P(&?IBL0O<Z9
M<MX?\8:>NDI-(6M[ZUD(AO9!UP2?E)'\)Y]*W=,6:?4TU&TM&MTNB1=+/DR*
MR_=V@_G]>*Z[RCK?0]&+A55UL/M+N*><74\$<-U/$ZP1F;)=<C!W#G!(."#[
M<@"D2.0-,VFR1#4V`^UQEC(O/;)S^8]3[57%I<*+JXTR&T/E96S6W((8'[V<
M<9_J3VJW!+=W4'D6LD=OJ$84SB1`IC./FR1T!YP>X!Z=M%*^Q,HV(8;BV,?V
M/2+,O")<3H[D``\LQ!)RHPP[]#[5('M9+"%'*-I,<?[Z0RLIWA^``,>_09[U
M)<1[FMI(+F.$$DRB50BNI`!53D@-SCJ,Y'I3#<)#?7$$;PQVEJ%1T:+'SD_>
MSC`&??MTJB58CNFBM7B;55\VU@(-D\<;*1]<8R.!UST%8/B"SN&F;4H9%L9)
MY@&620R>:BC'F+G.WMD]\CWKJ5CDGN,W$R"UF`:")(P#@=3VZ]B,U4<BWTV[
MGOI8KAX"5M\Q<HS@A0R\$$D\@@]L5M0JRI24H[G/7IJK!Q9Q36S6DYMK8R!;
MMS++.'`\M>^,_P!?SJ6[T^&17NEEW1L0K3H<R`>A(ZK[_P"%/U/2X]/N=YGD
MN?M*+'*J`XC4]\?UX^E,@^TV-H`Z0"1&\N-!)A9(^P)/\5>O-XFO)XBA+1;1
M[][^9R4OJM**H5HZMOWNW8M:/<M8:N]U<W1N8X')"VZQM(H/KD8Y/7!SR<&N
MTBUJZN(_,@CU:9)&5U?9;D*OH/\`9X(R>>.#7#G2K:XBN%M&-H\P_>KW'U%5
MI8KVR\D6LTMOM8!G%PPCD7U(!QGW/-:4,SP^(ER/W9]F<N+R?$4E[2/O1[H]
M$;5+MQD1:LI+[P0+<D#^[R>GOU]Z5]6NBK[$U5-\@?*I;G``SMR>,<$^OO7+
MV^L6[/Y,UC)*4<!I8-1D&!WRN>OXUH3:EHT2L5,P8RJJB2[N%^4_0<'KZ_6O
M2L[ZGB\DD;+:K=2%R(M4578.,I!@`#)`R>A!SS6=K/B^WT.TN+G5+C4+.-B&
M17^S%UY'RHF26SG'0FL?6?$6AZ9.MG9$7^HRN%@MEU*1``1R\C$XC4>_6H-*
M\.:<UQ+JGBG5-.U/5-V+=4U7]U;(>H3)SW/)R342?1#45:\D6M"UW6-;\5/?
MS7,EM:+!++8Z>&ADE3"C]ZY4[@V#]TY`&>M>Q^&;NYN]+\V\E\Z0R,!(0/F`
M.`00`"/?`^E>;Z;#HL6ME[:.SD589AB+4/,WKMR20/N\@<UZ;X<$)T.UF@C,
M2W"^<5:0R$EN2=QZUYM=6D=U%KET+=E_QZ'_`*ZO_P"AFBBR_P"/0_\`75__
M`$,T5B;!>]8/^NR_UK`\<36MO:6C7BQ$&4JOF1%\$J1Q\ZX.2.<\5OW@^:#_
M`*[+_6HM1M;VZ\M;.[%KMW%LQAPYQ@`@]O7&":`/.]&@LQ?7^F:;));ZM<QK
M)]L"D+M2.(<!F)&1MSC\3D5H2ZE+I\6EZDVN0S:7M"7$PA,LERW)8Y0>F,?0
M^M,TQ+S2==EBO[ZS%B]PT$:F$(\DGEKD!N<9(+8Z=!389+S1O"@AE\/6\!%R
ML26[W2NKCCYB7QDYX'7/!KCG\3.F/PENXL)$DO&:TL8]`E@\QEMHMDSG`(SM
M().<^G%,L&,]Q9WUEJBV]I>V[+::7<!0K,!MZ=P#@X'K[T^15@UJ=;34+B/5
MM1@+QV]P!)%&<`G@#CICD^M5R]Q=1:5-;V=KJ]Y83O'.8I#"L#;Q_"`0<;>O
M3*^]"0[CX9Y=2L+G3KR73]1UJR8L#-:-Y49!']X`'J<8/I23S6UM>I#JD@LM
M<O+0JU[`,)%MR5VAB<D@XX_PJGK>L-)<:GIQTNYC5R%6[L64N^W@>81D@'@]
M,CI[U4ML7\$1O;F6XEC4)$TGRF+##HIQC)`&3UV^E9R=C:%)S+5QJ.KFPMX;
M2_8*J$M<3IAKC<?;YE0`G'?C)Q6=;Q:E#(D1CM(XR`VZ(/P&YP>,#U)/7OGC
M-ZYG:"1&$<TJLH'RKYH(P1D'K]>.<]:J2WR^;;IMN85W';)+;LH^[CDD<<*3
M^&.:PO*6QW0IP@BZL/SX0#"#.TJ"3[?CU]\#TJE<M>B1OLAM0A3S`DQ?>5``
M)R.`<'''/)]ZEC^T7<5S_95E+<M&PAE03!2C=2<GG'3G'%7H=-NKW6;S3=0>
M6%((M_VJV>-`ARK<@Y/.21QV]Z%3DT*5>*\SDYK.]FFO)KJSEG9U\NU-M,46
MW8<G`R"IY!R.M;MS<W%@+.<W,43PS(TDKQLRG@[AA03SV]#4,<]I86YBTN6>
M^_>E8?,7#R-T).>P(.34VIZC_9.G_;98%E$1`:)P"K;OE.<\8YSGI7LJ/[FR
M.B2YJ#:ZG1)%+<W\5]I-O8?V;>0DW4AMRLT@Y!`/7GMQ5339+6>VTV[TG4I-
M*TR*9K;[)/M!G8,0,D\Y;!SGG\:F1K==0TS4[BZGL;N[B$$%E$ZR0KP0,!1C
M;R#U[CFJEPEU=Z3+:7D-IK&IV=V)FMK<F`+GG)VCYLYS_P`"YZ5PL\2^I;MI
MS->WNB:M<6-Y<L3):VS6CM&F!D9R-IQZ`U$"+*32SXCMXO[1>1K:T-BFV.%&
M`P2,E<Y&1C)Q^-6YKB>]UA]+EL1:B2SS+=13)YL61_#WQG@<=JH+.L&DVTFD
MZO'_`&;IUPRW<]_#O8$LIRIX[-@8'1AZ5*`?/_:%GHDS6WB*&YFLIB;F:5/,
M,28^YM3D'H2,=\=.:MNK:E<VVH:!!8FWNE9+N:2V*RL@.'P>#T!XQZ?6H8VE
ML)]8O(-'B:VD1IA.;O(N>G&6&U1C)/.!CWH::W\O2M4U"YGTR9L0P6L#*T3,
M<A20N>"2">>PIV`KVCV(M4DT;4)=%L;&\-O.LF`LS'9C);)R>%P3W]A5F.[=
M->N-*UNYM+E+G#6EFELS*`2<;F(*XZ=^N35>XCO9["^TW4VM=6U".6.X%K#F
M!MF?O'&=QXSCDD<5;:\O9=4L=/GTI+=YK3,DT-PA>#(Y"9^8A>!T[TQ')^(%
MN]%\2>#-3URTM"L>I/IJQV,.U!'.H"$\D<2*K#^5=.UOJEIIVH16_B.*YO+>
M7?(UPNXV\87.-JC.2"#7,>,K5U^'FHQ:!J4MU_84POYS<C+EXB)5VMC'&P],
M^G%=187,DFIW6K6&E1R6M]9I=)>"ZSYP\I=J@$;1R,'GL#3>P$D;2ZJEAJWA
M^/3I+C=Y5S<SVI5S@`-M)PP'7\,510V36]XFB7TVAPZ?>8NY'7(E+8[MDX&[
MC/'X4Y9[232M,UG5))=+6!\1P6<BM%(21SA<C!&>,],U+=QW<B:MI.IM:7]Q
M.!/!9Q_N&=`_!+CO\N.YXJ;C)VO3%XA>PUFZLYK'40!:6BVS/NRP"EB!MYP<
MYZ\=,5B>*;+R_!NIP^)K*VDM0)8[*.PC*A"RL,GG'?OWK;6_ODO]%M9=%A@,
M\1R!.F;<9VD+NP20"&/!ZXZU4BB-C97FG>'M6:62VE$UVVI()`J$8..QP02>
M^<BBPCD/"GAN'6?"FC:M'XE\0LTEB%O/*U@AHWVC$:H5[G.!]*K_`/"OM*U(
M?:KW4M0U!K=(3&LLHNXQ&6_U4B[<[@%.5!&?:M/X<.+?X;1+"L$B>;<`,REC
M<,EPP\P#/`51NQUXXQ74RR7USHS+'`6DNU9XXK7]S(&0@"53D?*W#9)R-PY-
M>!5JUJ=223MJ)*Y5TCPZF@6\EGH\L5M`RFY*#2[AEY`X!,A[8^4<^U7?(OA&
M6^W18$0D(&D3?=(Q_P`].3[=1Z5!]DOU^]::\3M!.-0&#Q_UW]?ZTIM;TJ1]
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M;G\I8;HO%)M'EM*%)Q(#U(('U]ZBAM[2YF_L[4"ES.$V/`J%86=1P%/\+!>H
M'8UG4E*<^:12&W5R+-(7GM[6!\O$JS7.(8H^QSV9QT_&IS%+/H\"Z7:K:)-;
M9AW-B2,YR5P?4=P>*J-=SR:G;0QQ02><H1WBCSM.XY'/'[O`Y(SR.E6[Q66-
M;N^EA*!3!,8RS-)D@+Y0!X8D].^0*B47%@);%HX(+91!/>VSN)0;@>9:1.Q(
M&[J2%*CWQFJVF312:I;P1V<:-$)?L\@D+21^IE&.-W:IG-O#`;RV2*9KJ,K/
M(XP]PR@@1X_A;(.?I1I9FO(-[I%'%*1`[*OELXVY!4]25.5ZGIQ4M-L!"MPN
MH6NH231VME$%$P$WR(`&5D`'#;F*G/M1=7*68A;[';1YF(MG>;$$:D%A*^/N
M[CD#WQ0L5DK_`-FZE.C';Y+VZ`K`Q^^BYSP^!GK5>:]9IK1($M)L_N2L2;QM
MWJOE>F54[N1C@U48R<K,&+<Z7::]X273GTR#[/>Q2*%N?G\MST8`]>F1CGI7
MG>J:=XF\"K//92R:OIR1$FP>X,UQIR`@AF`YD0<9(&5#=Q7J4T4B(MQ>36X-
MJ3$\I)YC]0`?D8_YZU%%%:DPW=N8SYC"WGN;A,2`9`\ME]>`N3[=:UH5JE*5
MMUV*C)P=XGG^G:GIURMK<:->"TL'G*C"EA<G`P0<YP``.>G?%2?9;)-.NKN\
MLY[)&N-TZM*<NN><'TZ'^M5I/#NH:*DGB#P]IJ/:"1);S1"N51F7<S6^X\2I
MD@@<,>@%2QZC!XCD&LZ1!=7?V0;8/G`23)P<\9!'.1UXYKU$KOFA_7DSUZ->
M-2.NYI"+[5IP6\MD78Q,4#OE21]TY!!P0<'.<YS3[MFFTQ)9;&.XEG16:!@#
MO;H&!X+8_KCO5$2VLVH1M-=9C8B6UC#\(V,%,@890V`1D8R/7%6XO-#(L[VL
M>K+"5C(5FVH3S\HZY]^W2NBY-K#1]G.H17-HHDE8*EUMEY@4#`X(P!G/(_\`
MKU/%"8]0$,<2/'=QDW$I&2S@!@=I)&.2<\#)/>H[J-7DD73+N.&]R!-L&"WH
M,8],<8[8)'6H;0)&/.L'B,0>1[TR$G:"O.#@8X!_'')H2"PZ46DL]Q#?PQ6]
MO,JI)>*^TRG/]Y23QZYKB-3M+C3I,:G9O/8HW^C2E\NS>F<\C&.:[M$M1:!)
M9+9=)CC`1%4ED.>I8CUXQZ\51N;>&XDC_M2[WV)E7R)$./*`!P,X(!QVR?J*
MZ\)B9X>=UL<V)H1K1\SD%O&A$OERO>3+*`#$,-$#ZCN/:M>'4(I+@VDS(MQ@
M':.CY]/?VJG,E[I5Q="^M(Q+MWIY)P9EZ$_G^M9T<]OI,3/?1O':2H9&GNF&
M[)_@'OZ#O7K8O`8?'P4]G_-_F<6"S#$8&;AO'L;,FCA!(]E)]CE8AI&494@?
MR]ZR+:/4-=O[I]%C-K`7\B;5R&EC'3/E(!\[<<_PCN:K6<MUKS>5KAN(-%4E
MEM(3MN;A.B[\D%5]>Y[UZ)96[PV$$5C;:M';(B^6+>Y41@8XP`V!SC]?K6.7
M8?%T(N-:=UT_X<6;8S"UI*6'A9]65]$\-Q^&[:2"WO(I'\P"XN9M/EDEGD/1
MBV[D?3@>U:7E7*>>INK<^4_EOC3)>IXX^;GZC.*C-O>#.8=;50<'_2E_^+I!
M;WC@[H=<RJX7_2QP>W\?K7J*.AX#DWK<NZ3ITM[XF6SFNXP3'-&S0V13!*_[
M9*L..G->D:-I2:-IT5G%*TJ1YPS]>3GM7G_A:.Y'C.Q$T5^J*DP!NIMZ_=XP
M`QQWKT]1P*\VO?G.^@K0*UE_QZ'_`*ZO_P"AFBBR_P"/0_\`75__`$,T5B;!
M?<&W_P"NR_UJSGD9JM?=;?\`Z[+_`%JT>U`'G+.RZWKESKMG')I=CJ'F6LP!
M+!V1%/`Z\DC)]*<(;#5M08ZEJC7$&J>5-:6;,4*;">QZ9Z>^#4EI)#)XYU*'
M^UX9!YDJ'3"QR7*QL&V]#P"<^_I2-;ZMJ/ANSU&XAL=*U>$C=--$A*(.P)SM
MP3T_QKCDUS.YTQV0CW5_;6U])<#3&UNU0FT2,Y9(SC(YQZUGF[$EMLM8/[-C
MGD$MT(?];*<[F!;J`1G@<\XXS2:DUO=ZLEXD2JY39YPBP9V7C=MQ]W@<#MCF
MG+)A7/ELNUQ\Q!ZY&&S[$Y/J*YYU.B.^E125Y%>-[>!!"TL28XV,X!)]#D]"
M>N>N,G.:1T^TIFVN6M]K;BUOM8+C^'D$=0.*)[&UN!MD@MY,G:TA7<R?,.K8
MR3@=_>I])M(+B_ALGN8+2&4LXMBP2:;CY2BCL=IY(!X)'K6:4I&\IJ"U(;5D
MEN+>QEU!&>21@)95"A2<9&%`!^;.,=SU&2*T+73KK36U'[4EG<ZNBM+IZF3<
M[LJM@;.`.%_5JL16FH7_`(>6:2PL-,U&UEQ`9X`P10P/'4J>.O4XSWS4QELX
M]</V^)X]2LK(AM6:V*Q#"_,0<8P`QZGN171&-CSJE5R8P26H:332QT[7-43S
M99(PS?,1_>Z`<=,X%5XK<KIYU;P[>6M[J&U+>ZNKB0A`$3YCSTSM7.>HYJ73
M[F]CTO2CI\EMKTAG>*YO%?("=?OD\8R*G>SDTF?4G,5M-I!BQ]AMK0>8Y8*H
M)"CD=<GT(Z;36FQE8IWEG&UXKZ?;0Q:9!:O(UY;<A9"Q+K@<L,CD>M9<&HVE
M[$KNWR.?+99$(4G./XAR/>M>VDLTN-"CT_48]*MV+.=+GS')-N)'W3R26YY]
M/>G3V%YJ^D74=QIL%I+;3NEMD;4DB#$8(_AR.0?4@]JWIUG%V.S#XAT_=>J,
MV2=='LO.@AA-O8[IHX9$!"'UC_ND'GT-:MO=16P1=3'V'6]6A&^2&)FVX``/
M'"G@<#TK(2V5[&2V!+?*T3"7YBA'!4^N#5[2+K4$T&TDLI(=9O4O62X:1N;=
M6SN4ECP1P#_A3KQUNB\93BFI1"WM0+(W6CZA!=:S91K;3SW$IVJ%SN;IUP34
MYC%Y':VL=E97&EW4<DFJ-:G"K*-AX(YSQVZ@#.*LS64NG:G<W<9M_P"S6@,D
MUC;6H:28XQC@;FY_KQ5&.>Q2WT4:?=)H<;71D-E,IB:XYV'@@$GD#G@Y'M7*
MCA$N+[3=2:&^.J-;Z.JO9O;NAB5RRD<`^F:F:%K"X%A.---@B;M-AD;,S2*/
MD;GC))Q^53O9WFJ1:G9W>GVD"0RM]A>6%64<==AS^?%12&`W6FV^MVGVV\6/
MS5U&.VS#'U(.[&.-N><8XXJAC+>[2S6&Y\0V[66N:@GD+-!$SG&=H/&0IRPI
MEI8J\.;&^AO]?TU9(?.FD.U0TA;)SDG:.!],<4VUO;M-(O)]+OK?7KI;Y)(\
M'?Y4;8!ZG`P-QX['@5I36$UIK0O;=K.WM&A+W-M#;!I9F'+#(&6R3U_GF@DH
MR0RZG9Q65O;6%W!J*R1:T]N05(9=N<]<X+=NU<WX%U*&Z\!Z')<ZI)9P:'OT
MZ^MV#(LA7?&OIDX`/.<8[5M>;IXT:RDL;@>'%>]$LD5Q&8S,%=2PZ`XQD>G-
M5?#=H6\5^.O#LD%NUO'?KJ,#S('V-<Q[L[3P1N1C^?K1N@-:WL[?3)K33KK^
MSCX?:-1$LTFZ1V`!5N1@G('/I1%?)9RIJ7BBU%K?R.]M#)%$7)0$E>%R!]X\
M]\TTH(HM*L/$-F=6G+[HKFWM<Q6XR`!E1C'3TXYQQ2)=730:XVF:A;ZY=I<)
M)!;'YO(&0I!!(QC#$8QR*@8VVL(I&D@CU"/4/$&GF:2W\USM3>5.&_W=H^GX
MU)$]W-!;_8H+"\O;F;R=5:`YW1X(!8\$'_Z]7)K&\36K.^M#9V?F*3>1I"K2
M3?Q,JMC+9Q61/<6,NA3SV$O_``C+37(WR7$;0F8CYL`D`D8R>.`::>E@,SX;
MVY7P@JD,]C:7]\\,,?#LPN7"CKG('?WKH-8NX_[37SFTNWD-F8Y1=L'!!;)4
M89<`$8/U%<UX(OK:P\'W\NIW%G:/9ZG?K%)+<B(JK3,7/)QG!!!Z=*SY?&`-
MRR^"K3^UKN1%MENQ;M%9#+;1-))(`6;<?X-PQQFO`Q%*;K3D]%=[Z+[V*ZM8
MZ2\UZUL+>6[O=0\/QQB+RV=D()3!^4?O.>F,#U%8EM_;WCM)4-D-$\.>2$6X
MBC^SW6HIU$:;R3&AQUZGVJOX7M'UG5&N=?A74?%^G2A;BQU!%2&R0GB2WC7Y
M64\?/DGVKLKVUMBB0V[VB6\,3M'YLAD!5C\TH4<AE(X.,=>1424*-FM6^O1>
M@:DEAHNG>&?#EO86EA';Z>/G:UW[I1/(0%^;KG<<;L_C5IE6_BM9K8JFEA?,
M6!%`9B/X2._-)<?95;RKJ)KF-+55,K2?O)U&/G4`Y.,%L^IX[TB"<DF>UM8T
MMGW:85D*[U`.<@'KMY^M<TVY;O<I*Q(\2ZE?6<]W9$-;QF4L+@?N3U"L/P!J
M*&6!=7:)DB75G!4SJA\M9-N[IZ[>^.:@TRU@MWE9'ANR;7_508#7(8_?D).&
M;@C(]3[5*SMMCGT2U@FU'REV.9-Z21YPVUB<$C@<G-*4=;"+5DLMCO\`M2>;
M-,&::61PJ#T0'N>@^E5!:0Z?I!,MJ+>V8F2XA>3>Y8G"[3VYQ@TV]M83&B6Y
MLEA!DF*2R&1)'/\`K/E'S94Y(Q[U-^XBBMHI(_MBK:;1,91ON1_=1<_,1U]N
M.]#3YE=@"Q_;;&V%L1;Z>KL)(0!O#QL0Z'/4E@W([C-3/$M_=V!NK5D\@L^X
M3#,(QP&'O56.(_=:VMTL8RDNG-)*5>5\9);G.3S]X#D]^M0Z9;)'>?:?-2X.
MR1O)A.Z2YR3D,3\K;3D#'I3<'S`/N5MI];MTN(H?[45LQRE-\2LR-L4C(W':
M&Y_6H[;3;U)[87%EI4"QMDRVD!3R1GJ7+=3Z<]:F+*((WTNRBDU)(\6S-)OC
M/.&7=G!91QR1U.*CO+6*>.*)6M,O)YLL,LQ>.:<+AXF7JP&<C`Z@<=JI<W-R
MC)HK2"QTNXN9K9;2.X=IKQ9G\PB,=P!Z\4L42W>GB"P`MK42&*Z1_F92#DYY
M^;/W3]:1!;166GP.T=\HC8+/)(%\S(/R*#]X]L'ICFFVT/F9MOLT,6DA5>"1
MY663SPPX;G/WLY!].M0E9Z`375O%JMO9P3V,IB68,`)@'B"]'8>]<'XR\.W.
MEZXFO>'5+3S3K)?:5:-MCND)V*X[>:>AX^;/-=I90B35X[LW$2L[22E8COE<
M]X2PX*KD8'7I[U(GV=X$DM-/C%XK/]F!EWHK@D[&(.`PY(&<`C@CK6]&<J52
MR=QJ3B[H\^@O;*[L;&[\.6L,\,<Q::-OED@R0#N!Y1AZ_P"S6K=6UR+B\N(&
MMI9)2#!O&-D8_A)/0<CBJ?C'PE>1WJ^)/#T4,>J7&$UC3X+@*MX<`E5!./,Q
MG'7/?.02S2+RPUOP];>6X_L^.,I<3S.(S"Z/Q&RGD,>^??TKV(24X\T=COA6
M516>YJ1N8KX(;8P8C`EN2V#,2,[0!GIVJ`6]Q/97L$*06V\JT4HQ^_4G+;@O
M0D$9/O[4DDGE31/J[+Y%N5>TEBW$OZ[L#T'WB.V>E+!(DNH0W,T'V0Q%X86<
MJIE^3G:#C@GN!WQD\XM^1NFEN.2*:-766UAN+%(AY4$8`,QZ;<=AFDFFEETN
M)3;Q37"G=]GEPP&/?U7^1]JC9I+3S-1CD@MK\1;YK:>8,L2#IGMCODD#^=9.
MG2WOB:WDA\*2KING2O\`Z3K-WTWN,%8(V(+`X(#8QR<;J-+7;LC.=2,-6,\5
MWT":G):VH74M6FB4V%G&<O!TW,['A4R&))/.:S;;P"\MPDWB)I;R^.)UD=SY
M%JW)$:H?O<`?-WXP*[W0_!GA[P]H?D16<5V]Q.%NKF>8@;@<%79L%CGC!')/
M0"M"71;*>:!%L#'ID1;SWFN71K=^,8&[CC&,`_A64<R4%R0;LCA<J<WS21Y5
M=8L=2N6U:!8'E/EQ2J<^:AZD8JSI=U)I+W5A;VBR6D>)%6Y8LK/CJ,=#CCBN
MWU;PW#>S1_:FCE$,Q"*K!I8V()!!Z'=C/(SQCDUP&H)/HEP8YXYS<W^3&BMY
M@10<;B%SM^A]#T%?3X',J>+C9OWCS:]!15XZHZNUUJ'4K;[2DFD*)F5I$D#(
MP9>F06ZBIVO0?.S)HG[U@\A);YB.03S7'I"VFF*^:XCCOHU"BY904()'RE#P
M:ZRQUVUNR\$^X7+$.J06,<B*HY.WZCL>1[]:].47'<\Z4+*Z-OPI<B7QO:L#
M8,TB3%VM22Q(3OR?7M7J&22/2O-_#DZS>-[0K;SQJ5EV>=:",+A.0&Z]Q7I`
MZ@5Y6(^,[:'P%>R_X]#_`-=7_P#0S119?\>A_P"NK_\`H9HKG-@OC\UL/68?
MR-6"#D8..*K7OW[;_KL/Y&K0/S<T@."D,A\07,FDP6LMTFI.EX6'*1&(8)/;
MZ\USUW::7-;FST57AL([GSRR8_?.@(Q\R\H.O3D]^!3-7$T7B378]/MI(Y[O
M4%$DHW$2IL3.2/NJ`.1U-375O?1JDT5R7$9!:((O.!C`X]AQTXK"=&I+X3UL
M/AVXJ;$CM9K>=)8[MYQ'E6CG1,$\],*"1G/>EBU2S(*273+)N,>\JRLO`[]`
M,@9[4V^2]%J)K69I7&-T>U2=O<#(R#BDL6O[R\:67'V./Y1#=6^/.X'+#/0'
M/&.<G(QBL/J=7=G<X22T+&C6<SWDUQJ<DL4`)-LMZ5V32-R&P!G`],]:V"=3
MBM].Q';7FO12XN-RKE8&+`'M@8P,]AFLVYU6XOK4V^K:/:W]Q;-OMI'&V(DX
MZ\Y!'/Z5.E]!-<+<2A[#7+JW:(2;"UO!MSMY/'(^M:>R<3S:L*GVD0ZE8:7:
MVNLZ9HUG-+>/Y5U+'&[`,#(!MR.3C<36N9I!)IR07<(TNUA:/4DF<.R@1$`.
MQZX.WGZYJ&2^O],@L-0EOM*FB4A+V]D(5GR>%4J""`"<>^*=+9PO=7*6&GV<
M>@ZE:LUU?1%A+("K,2.W)8'\34ZHYM=BI>:9;S:5>)KUJD>E6ER7L6AY+QXZ
M]\YYY-26#P1^);O6C'):VT]K'Y%U/.=C;T0A2I.,\=NFT^O%C3&^U_89-,U"
M.+1W0Q?8KF,;I74D$<\G)_E4$;+JEA=:-K<&DWFIVVZ2WL49BBKM`Y&!C&['
M'9AZTMQCY1JR6$320VMWKT4V^,,`2("W4#CL/P)JKJECIMH=;L;&TEDU*ZMQ
M<31PDA3AP2@(Y/+9[_TJWF$:GI\NI1I9^(;N(V]N+<%XX@"2"P/M_6EEN-4L
M-/M]1DU#3+F2&5EN[V;"$+O&(QM';T[D"G87D9YT^.U:"6R0(T<*17T#2[WC
M('R,WKUP3UQ@=JJK#;_8+B'Q!F>QDD$T@C&!$P&`1ZY'!_.MPVZRWQN=(TZP
MDTS48B;J^5SO*]3T^O%<OIULD=\YTV:YN-)EC=%>Z.XEE;!'/?!.<]05QWKK
MIOG7(ST*$E57LIFY9-9_V];ZQ#;2VFEFR39<R3$;<C;L*YP>`/YU9N5U-]*F
M\]K*\UKSVFTQ,*0T?R<J.,C!)YSU%0Z61-;RZ-J26UU!PVGQNN!D`DH<<<8!
M^E/C,-H=(F\0VR6>H[I+6RBM,LD2G&TD$GI@"N>4>1V..<'!V9'J=IIUI=7<
M:VDLFLZG9R-((B0I(7)&[@Y)45+:?:XM$L+'3)8;2Z@=9+VUED,C+$3EP2<]
M!G\Z=.VL:?I,ES)JFG7=Y:2YGN)AC[.@'W?E4G)[_6G30I<3QZEHEKI]Q#>A
MDO+T[E<+T;'3MG''44B+B2Z?#J,FH126ML?#SQ).DL(P[2@DDCUQCH1_.J=D
M;%]4TK4[&SF@TR"S93/+,46'RW*`;0<'H>._%2V*V\=E#%X9U(:=8V5SY%R;
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MOJ6FR^$],L-:\27J/N5`X9%4`%RQ(VIU&6Z]*K^&_AY'9:HVH>,'BU*[<.81
M)(/(21^0($/0A>-QY]ZYJ]:%&-Y/Y#O<A75[S5YM,N?`GA#4+K3]/B?RKC4+
M@V43'.5*J>7!);/R]QTJ:[T3QUX@M$?6M<M[%)GW_P!F:;:*TT:#@%992<>I
MX_PKI[NX\M66\M9C+/:X>!KC#)'G!2(C.YR1GUZ<TZ]CO+^,QV$L=C(JA2Y;
M=.4!Z$C@`_G7AXG.)4DG*T;_`#8U"[/&]1\*VGA3XDSPZANOIKFWCO(+J\/V
MDQ2\+(6W=?FVGIT(]*]/T4VWB"UM+G6)P-1@/EO%%*8T.'W(-N>1P#6=XD\-
M_P#"2::U_;1/9ZU82YLKFY8J+G'\#9Z*W3G'(S7%Z+JBW-C;ZG%&L+VUR#<1
MR?-(FU\LC$]#QG\NQ->9B&LUI<\)-2CH_P"NS_,]6A2C6H>S7QQ_%'77FE2^
M*O/N+B^%EJE@A-I>B'RO*+.X,3Y/[R,@#(]ZO>%-0;6M9EAUB);'7M.53-9Q
M8"3A494DA;O&03QVR,U=_M`^,M/\JVM1;F)XKE!>`.KKN8<@'(Z=_:LO6]#M
M]1CL-&83VNHV"I%;:Q:,%,$C(3C!Y*':01TQ7GX7'.FW0KJR73^7S\UW7W:G
MGS@T=.DEW<:)`]M8#3[LDB*%-ID\O/S;">!P>,\4:@A:W@M;D1R7MS'Y$RH#
MN((['MZ_A6!HNOWFHM)X;U.S^Q>(]/MT7Y7^6[A#`.\+'L5`ZG()YZ`UTMLD
MP2V1QYMX%\BZN(I%W09Z9'<\8_&O9<&FFM>SZ&%QL5I)IL]E!%8_;Q)-))+<
M#"B(OG=QV'M1!]J^WON\L:1M893`CV=L8YW9SGMTQWJ/2KN*]O$\N!@XLR8`
M)RV]-V")%XVMDY^GTHB6ZBU2.6Y5;72B@^1V41JA7&S'][?SGTIR4E*S&,T[
M3AJ.H"X1@L-K((U*K@2>625`STP20>N:F1[B33&\JQ2PNTF;R(R59BN1N*9Z
M$C\*2>X^RK`#:F-D$D<4,DX6)%`R7W#N5Z`TKHSZ-"=-@8"2W+0SS2?-&2<E
M26Y!(S@T-2N@&7;/_9MLNH;'U!P863;F1E<D`<<*V,9/3(J:'3WTI+18X!=R
M23[GFP!Y.%"CCZ#!]\TEKN6VM`\8EN4+HS+,N^WA<DH6Y^8A=OXBH;&\BEO[
M=+>"3<@E%N[3$EB.&\P=LD<9HE&7,!9C6YCUADM#''I2DJX0`1XQ\V>^_<1T
MXQFJ,.G)JFHL(W46UJPCW(F!@.)`HYZY`R1G(J<QWB:G;2E8[2P509D=U"(N
M"'5AT)+%<'T!I9I?LS0`631E9BEG$UP!"V1N#LPSA<9`'M@"BTG+3<!ZS3RQ
M7N-.CM+B.X/V9I.1(_\`>7WQZ<<CWIDLUQ::9#<:DT?VZ&4&)9P&8HS;0&"]
M"<XW#(%+;9DT.'^R(&!=9##+.VXPR\@'GJ,YY%)8F>*U3SHA<7D$N^*!YAYL
M41(!+'.#@%OTI).XRJNE'1=*C:&UDOY&DA7RV(5HPJ[5)_V@!R>_6M*;[;'K
M:?V>J):;@9A&!M[[RYZ[NF,?C5.">$ZM;6QCF)CNI%64S'>\JCEG3LN!QVZ>
MHIUR+_[=!/%$+2",YF^=0BG?F1F]<KP/0U2B^<1%-IT6KWTEI;R!+:W+#S(E
MZ;]I9<G^+@889ZD5RWBGP_?0ZSJ?B'0-,5)(Y%%[9,5,>IKW=0>%E&,@_P`6
M<&NPN'AM(QY=J5MA<+]G"RXCE9^C$C.U00?:EM)`=&>XAA"IYLK/)-+N6"09
M&_+'E`1D$=JTHU)TY<T1WML<3I6I1^)+-+A##+ITI_<QB/YXG7EU92,*RG/!
M'TJKJ&HV^DQ!;I8]0U`NW]F6EM'OFE8@\;0.F[!.<`8%<Y,=4U/7KW6OAO:R
M7-UL8W\\A0P7)48+PJQ&^4,&((^7&`:[/P':>&G2#4=*$U_-=702YU2XFQ=O
M<[22KQX^5!DC:,`>AKVIU(P@YV^7^9N\2VK=2I9>!=:UW4X;WQ?%:S*"F=(M
MMOD0D'/^D_\`/0XYVC*@UV5Q96VI71T^Q>..",&0M$F!'N4H0<^HZ8Z8J>^@
MU.2<2V,8M460^8V\`%L@^8Q[KMR,4ZY>&!99([4_9-RRAXI!LG8G;SCHHR"3
MTKQIUJM:6K,'KJQX.+Z_MY],2&*-$,=S,<I,P`"@_P#UN:BC>ZBTJ:37'56C
M.^W,Z@DL!SPO5<].^*DLFCFM9YC:;W-W_I"&7S$5Q_$A/4#(_7N*@LX;N.UN
M%U91=7(P]O`TH$CR+]YE/93D8K"-[-"N,@T\VFG7%^UF;N6:(C[&3@!6?<3G
MZG([X%9WBO3#=Q+<064!>XMPMW'-C,+D#RRQ[`$$$^NT]*U)KI7NC%/#(RM/
M"9F$Y5U=L%`@7[RC/)SZTNNVFH7JS164/D/(SK(RLH\PE`$<^JCG(_0YK>A.
M<)J2=BDTF>3:CHLVEZ9]GGCCNHD($74;7'5&_H1@$>E4EMF26,FS>.XNDQ--
M&^/)P."/3H*[33K9;C2FL)89$M%`W>8=WG+@MN!'OT[8(]*P-:TN:#0KJZ"3
M+:*Q22-)%+0[3C(?H5QSSS7W6!S'G2IU3+$X1I>TIF_\-]5-WXW@LIY+JYGM
M4E_TB1OED!3T]>.M>TJ.`2>:\$^%>L6-_P#$:RMM-FGGCALIRTIC(1N%`PQ'
M)Y/3BO?,?,.*,2U[30Y8*R*UE_QZ'_KJ_P#Z&:*++_CT/_75_P#T,T5@6%Z/
MGMO^NP_D:L_Q56O?OVW_`%V'\C5GOQ0'4\PU2Z,'B+48X<M-+=D*GH-J9/TJ
MO?7DUL(8K81FYGD"*)#A,X).3]!1J.H0V_B76-]K+Q>B-K@)A5)1,`GTYZ]!
M4MW!;72+;7:HRD[@DC8*L.A'O70EH?58;^`K$=G?/=Q3;U2.>"0I+Y;[E..<
M@_0_G4EK=_:E<QD^5NVHYZMZGZ5!(EEIED28@(0?NA>78GI[DGK3[&]CN#,G
ME-!)`0'AD&"`1D>Q%,W5]F5/[6E1Y'C@B-I'<?9Y)3(0^_."<8QC/XU>O9XX
MF2/9Y\TG^KBZ9]SZ`5''8:?/=M>?9X7E+;BPY^;U/O4=SJEK;W,C>2\OE$":
M9%XCSZG\?PH]";-;AJ!CL['$42@SS*GE!RBNQ/!;L>>>1VI-.U#6UU:]D:[1
MIXU\DVDG^I/R@J3M`(`QTZ\FKEU%;7$)M[E8Y$F.W;)T8]?Z9J&1+31["1HD
M6*%1O<*"2YZ?4G@"H=.,MS&>'A+5HC;5!=:39?:]$:Y>RN6=%L&$5NV!UQRS
M<D]A6M+KFG:GJ6IVL1.GAX09-5&PC`VDJ6Y`R/QX/3%9MA?1RR-;+;S6\L2A
MO*D0*0IZ8QQCK4,VF:=?S/.\*&5E:)I$8JY!X*L5(S^.:PEAE]DY98&,M8LT
M_P"W;>V?3#!JEI?Z?`A\R]N8',RC/+*5`QV`(':H]-U.T6RUPV&DRW47F&0C
MSA(9R6Z[<`A1DGOCOS6#>S)I^ZW^S3:G;0Q^9)'#$NY5SP"20#W_`-KK3;^>
MSFT2+[9:17`=ABVD4)N7/RD-C'`(''6N*49P>JN<\L(XG9J1#J%EJ3W\FFO<
M1"&VTR9!MW$8`..=N>>W45G7\=[<:$8I[2W?4[2\\W[-IKB/RRP.&=3NR&W$
M^X8'Z9\-]=H\4T4=KJD%OB6PAD<B5"N,C?QTQT;.>,5J:=JNG,)IY[A=+UW5
M,+B3<0"``-N1@`X'K1&IU1SN$Z;N85_J5UY=PEO;>6UFJM,6EV21/UPO';UZ
M&MNPO+Q=&L)$N+2:"SD!O9-27YX@3\K+@C`P<#J>WK5"\T>REO()+^:#4+P0
M+%=21OG,B<-GID<@\U'JEU;PM]F>">[9XPTL,&=S1*P/S'(QR,J>N1CUKNE%
M58<R.^I3^L4_:=3>@*Z?J6MSC0[B2!P;@S^<'6?(`"J,`8/7K304$&EZF]W-
MHS@>1%8,%\MG)(YQDD'Y>_I5&[UJQOS;/I]Q<S:0UH\4EE;P$,P9#C!.`<9]
M<U7^W3+:1VR:1;S6EHJM8Q3RD2^8#G)QQZG&0.!UKC<U'0\[V<GT+]S%>SZ1
M?VFJVUE<W<4\=Q]DTX^4Y4$?O&SG/3\A6C]HE?5+"U;19()YK3)G7#&U##&`
M3UQW.*YK^V+U-4COFM%M=2N8`LUQ''E(U!/RY8D`D`\X]*@:*XN;QY4EN9YH
M8'6UU":0C&XYVG`['/7\0!BL^=&JP\V;D[/9Z4T.GZM:7L>GW!:]FU11B$?>
M4@\#C'7GM7$_$[7=.TU+JZLH8I[F2_LKBVF:Z#)<O%)&=BJ!QP,'G/RY[TFH
M:E:>'C:P7-A%=S3HV(K5`\UP_P#$%!^8KV+'@9)'2N>US2)I_"]_K&NQQKJ,
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M*+@$#Y0/51P>:7S;)98[O4;R-D>,6WV1'+1`D[<A/0^_2OE<9)^UE]UOEI^N
M^AM&PGF3&S35[V);Z:.8B)+4;0R\@;0<[N3W(Y!KAO&^BW6FZU?>*K*.)Y(0
MJW]I"NTR0%<K-C^^G`/8@5W%Q#):V!.HW'V+2[2='MQ;.2[1A678^!]W)&,'
M/%2W"AM6:5HX[6"[M_+^TNQ6?)&<+G@``=#WJ,'BGAJG/#5=?31V];:Z;,N,
MYPDI0W1Y_I.O&R4WEE<&.TOC&TD\!R[Q+R2F>,\FN[LVTUS9R7WE-X@:T#(&
M;$K'8<<=,X)KS&_TN#PGXD6PLI_M&ESL5A`0.(+@C<T63_?^\/?(KH_#-YY&
MH*UW=R+#D2118#*)$5@$+YZ?,<5[6882%:FJ]'JK^;\G^J/1KP^L4_K%->OJ
M:=U81ZCHRGQ+?76F7D$T;:;?7!"3VTWE*6*'N-P88.012Z3KK17%]HVO:9;Q
M:QY33/Y981ZJ@Z20<\>K+G(-:-L;CQ?8!GGCLI;<Y#6S"9'66#D'('(#_@15
M76+6W\37B^'[E8XOLKL+2^MY<7-K,B*0X&./O`=>>17)@\:Z3=*MLM6OY?-?
M+=?<>3*/-JCHM,22[M96$,*V]R6CEE@PI9ESB0'JP88_(TU+>VO%_LW49H)9
M!'N:R@9MBN#P4;J..HK`TK6)W\3V'A[QBDL>M6H:2SNX&"0:@@'4#L^!RHQW
M[&MZ.2U35"#$BZLRL0,MY"RE<X/8,5QDCDBO:F]I)W35T^Z,K6T*L]R9;ZVM
MFLK-I)U52Z@NH^8@!0>"4VC)(S3M8@GFOK/[9%?+-Y+X-D`X+J1CJ"`#P>1U
M`].=&QB>TN)))H)9;BXWRN%`41CH/;<<`9')X-4TTVSM=`:.ZLI19RLTUPEV
MV^1&SA0H7C<3T/O57]Y`5=.M[:TLY;N&W>071G\V2\/[V7:S?(JKQG(/;H!5
MS2)IKZ$SQ10Q12GR)IX!M?`4$,K'KC.T@_W33_(6[TRWBL$$>G`L9`%S*K*Q
MWJ03][<#R.<CWJGKJ2ZDNG1&V@CB3?)LOYVB##`"C(!YQD\\T-^]8"LT\\UN
M;6ZT*^N;0?(R6\1,<H4@HZ$G.?<X!]ZGDU&.2*V2738U,R+$;:=#N52ZJ(BI
M/+J&+<@C`X]:7SYK<6[1PZ9NME*Q`:E<$X)VXQL.X]>N?PJUH,-Q:('OK$VU
MW=N6:%96=;=!P"SL>20/KSBGRV7-8$6)H)OW,]X84%J2DC^9A=F/OH.S=!@U
M';16C207UNT,\ER/(FO)B5RN0-A4\%S@#GT_"F0VD,.G74LMO)%;W4KS7@O9
M`?*0<Y&/?N>>/:E@A%_IXMM,7;;R2[;QIQNE#@@MO!/.1QG.X9!'K4*-V,KZ
M#<S72+<6]E%&4C2%SR'V,NX+O;G<A)4@\9]*G^S0P3+I]_<HGG%U$0)/G)G(
M+'L_`YIVH+;WNF0&[BN[>T642>>T@78JC_6.2>AYYZ\YKB;WQ'J/C*]E'A)[
M6QM8V^;6KB3B0*0!Y*?QL-QP[+A>V>M:4Z4JDK[+N)FCXB\7V?A^XM-*@TQ=
M3U(`I%IEJ3*\4)VJ!(?NKN)&"W`]ZC?P;K?B*&.;QU):?98&5H]%MI-MHD>"
M29&`S(X'0<*.<`U8T72K/1+006<.BR2O(TD]S-?2-+<R$X+2MM^8GK@\8Z`5
M;MYDTXW\UU-9307N#*?MC2K&G(8$,`2/S('M70I*+M2^][_(1J6D%B$MKVP$
M4C0_Z.L[#8(8^@!7ID#`'`S7'II5YIFO7GBCPAID?FIC[=I@.W[6F7!"D_=G
M4+N&#A@5!YZ]?;%;[2VCT$%DG<+<27"^9(00"K?,<,-I'4],8J6\M$O]'^Q&
MUOA;F94WQL`Y`Y+G/)7(`Y]O05A2FZ<VWKT^7F#1F:+JNEZS90SP7Z"VO)&1
M8W+%Y`>&6=3]V0-D>Q%2ZA*NC6D<4-G`8[:4I'&[$[5"EL-_OXP.U<UXJT:3
MPYK[>)]#M@\KLIO])C+%;^%2`)3T`D!(Q_>XSZUT^A:S;^(8HM=M&^TK,1;Q
M10(!L(Y(DR<@CC(;&"..M4Z<4O:0=X_KV&B])879M(X5CA"6SI)!N.R,KGD,
MH[K^614*+:7$7]HV\T=W-:R;%GF<J(5/.6Z;L=OK4L5E_P`3'4;V"VE$L["%
MA=2?NV3`!8`<XP!_DFLC4?$>BZ'HES-%>0V*.%5FNCOD=""$,:GEQ@':OI64
M8.:M'<&6;2YDN=0F^Q65NDELSLGF+\P&\JR[C]TL/F&.U1Z_>0>';"[N=1NX
M[".8[H9IWR9,C#B4<#:,@#TX[]>7U'Q5JVOZ!-IGA;2?L%B8OGU362T0<=?D
MC!R1P?OD#L:QK;PQ!?RQ7VO75SX@6&W`6]F<.$<#F.&,?*O)')&3C.>N>ZC@
MFVI57;R-849M<R1DZAXLN=0BDL/"=M]NT^W41PWLQ,,*;3U&?F?C/3CISQ5*
M6PGOIWF\52SZI!`HEB4G%N"1D[(AP3[G)-7M0T\:;:.QL78:@^=I)SSZGL?;
MO]*8\=FD4;VGFRM8@`01MGGW]><\^U?<X/"X=14XZG!B*U9RY9Z'1_">..'X
M@6AC$S)/:S2*TB@*G;:,>W]*]Y&<\^M>'?#7S4^(=O)).Y6XMY94@<<QJ%Z'
M\Q7N*J0037/B?XA$'=%>R_X]#_UU?_T,T467_'H?^NK_`/H9HK`L2].'MO\`
MKL/Y&K>.<U5O?OVW_78?R-6"_P`P!.*`/*=4TI;CQ+J\DUQ.+<WVYXMXVLRH
MF.,=.!4MY:QW4!$C!1N#AP<,I'0@T[589[GQ!J:LXCMX[LE@K89VVKCGT_QJ
MIJUC+=6]NJ1>?'#*))+8OM\Q<$8R?<YQT.*Z8['U6%TH1:)[NT6]M%BER4)#
M*P/((.01[YIUC8Q6AGE>:6>:8AI9)<;N!@`>U5M-MI[*PF'E1P^8[/#;[\B(
M=AD?F<>O&:L6=M)!&SSS&29S\[9X!]`/04V;K46""-+IY(OD:1,E,CYO]K'K
M_C5:?2H;J>63S)HXI<?:(D8!9,=,\9^N"*H2:5<R7;[;9/.-UYXOFEY5,CY<
M#GH,`=,<DYXK7NHGNV*$A;;(+'.&<YZ?2I)UEN.N+>.>$P7`PG4'IM/U]:;)
M:I=6)@GD:1'4*7R-WUR._>H-5M9+S3_*A"N`RL\3-M$J@@E<^^/QZ4W2[:6U
MAN9!;BU2:0/%;;@P0!0,G'"Y/.T$@<4P=T[$]IIJV<CS_:)KBXD4`R2D9P.F
M,=NM*ELBWAE1O+D9?G0'[Y_O8^E.M89(F::ZDS<OP=OW0.P4>E95WI5U-=S>
M7:Q22RR))#>M)@VZJ!D8ZYX.`.#GFF@=XI6+]WI4-[)(XN)K=9(]DHA8`.H^
MH]^U3O;1O:I;2)N@0`*GICH:9=1SW+"-7V6Y(\U@/WA'H/3/K4>IV<ESI9@@
MP.5X<D!P"#M)'0'&,^]#[A\BM>VPC"1238M+@$2W&\#RR`3N/'0X`^H'K5:X
MCWI%::CM6U@V203HQ)<KT5O7C/-6+735:&\2XLH[>UNU"BTW`@$9!8XX7/'`
M]`>I-(AN)I&TZ_A@6%%&TX)&0/O*,'C@X&`!P.:\K$T.67,CEJ1&6KQ3ZK%/
M%`UN$\Q`3@"4,-W'KTS^57[S3?M%UYZ7,UM,$\LM$1RN<D'^GUK)OM-N+NU5
M6@@F6!_]%DW[`F[Y=Q(!P<[>!M^E:\L5P\*V\4NTG`DF;J!CDCWKHPC3HET?
MAY3'LOLFCK<06HEN6$I/D`;MF2<9].HZ5>A@1+-+)!(T;221RR)(";8'KN/;
MT_PJ#[$]I/,^F1)]H65$_>DDO\H.=W!)YSU_`]*>J06MW]AC@MU293)<"64Y
M52!@[3CGKQ@CMQC->?57O6,)-QD0SE([0:?<3[+","5+T2Y8L/NAO7/MZ]>*
MR/$/B-7U:VTW1H!+K$CK+`7(6*,.<^9)C^'!7CDD@]:DU_7IXKN+PWH5C:7E
MQ<QX2+/R6N#A9).3A.A`'WCC![5-HWAFUTF"Y%YMN(5833Z@[$27#@#=NQ]T
M+RH3"X'8G)$J-E>1FY-Z1&:+X972'?5&8W.KS;Q))=R`&[`XR,=$[`#@9!/2
MJGC"Y5M':_:9EN$O;2]NX0V[RTCE&6';&'#^N!SQ70VTAEB2^:WM#>E2(?F)
MQG[HW`D@$X!.3@8X&3B#5M,DU72;N*Y@M_MES&8)(NA8D8([`':RX`<CL&(&
M2)W=V*<5R\IV5K:K;:?>"=4E1S&HM[:8L`PY\PL>F>#[8%2DK!?B32[(3SRR
M!+LLWW$;G>O;#<G/>N>^'-Z+[PII%I=Z?-+/;VTEC>SOED#PL5*/Q@_=ZG^\
M,9SQT-G]KE%S#>1)%9E`L84!4`S\H1@<LNW&2<<Y`]!\].FZ<I+L>:S,NF&E
M:Y;)#=I8V:1J/WTF]KI%#]">N"R\=?>EMIQ"T:'06BCO;A@0P^9&+$[FZX!'
M/'?BJM_:/-IC:W;M;!(I5E0N-L>0BQ@K+P5BP-W`#!B]:'G2G7@UG)+).UKN
M\MN;<KD$!6R.<@C<%/WN17SN9T4JG,NJ]-O^'W9K!C;-8XB]OIS_`-IP7$Q\
M^5I`T<9QR.!Z#'!ZU$C-,L5A<!=6GCO"^]?N6PR=N[Z=,<^]-DV#1H;2:.6*
M[FNE65+(G=!(0S'!!&T8!`;ISFK&P6MSJ5NJ&WMI8/-)@DW7#D`*SJ@SD'^]
MP<]O3S.6[TW??[KW^>RM>QJ97B#3K+Q7X;GM-5_XE$C2&&,Y"EID&8V4XS@.
M2>/ZUYYIT\TL,^GZQ;BWO-*<13PA]H$@X#?1NH->JVSS26FFRW(4Z?$-_P!H
MG.)58<*#@G&>N[/;FN$\>Z0(;F\\66%K=/#"QMM5MS'M$T702*<G)0G)88&#
M[5[F55TI?5I/1[=D[VM\^J]#LP>(]A4N_A>C->TU"ZU73K33H;;R[Z-I"T4<
MODF7]VRJ<CJ5;!([@?A72W,UO/%<Z=:`#6&MS&9`A7<X4$CS,=<$?F*\Y@D<
MRI<6DH2?"M(ZMGME=K>O).!Z^]=9I&J0WUE>:RKR?VM;1N[6VXM%O*@%PN`>
M0`"#TP*SS#!<EIK;]6^OD;8W!^Q?/#X62ZEI6F7.@?V;XKBGB,L[RVLBNTDU
MH,J%=9!G:0S#G..1572]8U'0]4CTCQ%9I-KI.RPU"23$6HQCC=C.!,%ZKW'(
M]*W;2WC\16PN;^[;?#+)"C6W[I)T#*1D'/!*CH>U4;NWB\7F_P!#UQ4-FNYP
MT(:.2W9),(=Y)Y(Y!`%987&.A*4*CO%7YEVUWC^O?U/(<;ZHV=3M=L9MXEA6
MW1GF99KD[6?G=DCD%2>G/2K$L<"QQ07BR7A%J0\JM_K1P0%'\1'!XZ<>M<3I
M5W/HWBRQ\/\`BR\1\(O]F:GL`6\52VV(G.%F.XY'(8`'K78PLTNE--;:6UG<
MVTS)`MPN70$Y9HU.,\9(7H<>E?02C%J,XNZ>S,A8(R[&-;,&SMF$ME,)R#<.
M<LQ)[Y)8FJMMIRR7C2ZD(+J,*\DL8_>27.3QE#P-O08]*L7C,=-MFU!8%O9%
M,0B#;6VMD#:.@D(`/U!`.*6"Q&C+9QO:R7<DLVX21(52#"`8[XSCGU.:F^H%
M*'3-,L!#=:5HD(U2)-T,:\\9P>1U903^=7+NT+0@0I&?,?SYX9KG]W*^SF,G
MJ-O!&`>1S4UNL]OJODPV\46GH6W>6H"+Q\S%LY#[N-N,8YSZ5(=.74M09;>2
M)(+-@I>$%@<.K]3RLGR@$\Y!S5)>]=L-BU%%%]ELH+D&\S"V90WRLIR=@_O>
MP]!6)K&O:7X<L-U]&W]G/MDM/(D)N+NZ#`B,*#N9LY![#'-0:]XLM-+$EA9Z
M*9]>DN"VG6+_`,3'CSCDXC0=SG'(QDDXS]&\-W*7TFM>-;NWO]7F`\F^"$K"
MIP`L$14@`%AG(!.3D8&3O3H)>_5>G1=7_P``7,RC8:%=^++Z;6O&ZL(6:5X-
M$#`*=I!`D.1YA7.,8VCIS7226\.G:A;7@@W-<21_:[(P+,\*%>!L`RN..<=\
M5;M-.U"ZN+*YU*WAAD3<BM#*&:)1G&[<_/5L8R<'^')42)H,<-W]HB?4XYKR
M3;,RW%O\H4_*2,=.,X7GUHJU-;-Z=EL`B7-B#%OM))%WDO\`\28_,G9>G&/6
MG07%DJQ^99R2%9"7;^QB"R]EZ?KU.*D32V8QB2[U5%>1D8_:K<[1G(;@9.3V
M'-$.F2L(F>ZU:)FDVD-=6Y*J,D.>.F>PYYKE2C?0"K9/&UU-8K')]BO&>:0O
M;-:^41C:%/0@_GP:N0VTK^((KBXFBAE:8GF;=(H5.8`.A7^+UYZ52NH$TXV]
MW<S7'[FX*JE_<1/&<`[6(3D<\#T)!(K-U/5[3PS!]B-G=:WJUZBR6NCV@_?A
M58MYDI!.W!;!?O@`9K:$'-VCN!T,ZV#J9#:,9Q(QA1Y.-W#!6_NY(!`^E>=>
M-=0'A348-4TN2"'5M5=%U;P[;R[WO%W9#JBY*/C@GH1UK?G\.^+M9OR-6U&+
M3X+G:\MCH)V8)/(FN#^\SM[H!S6A:^$M%M;AM,\/6=I:A1YLD\0+O\ZLI,CD
MEF/=3D\CD5O1Y*+]]W\EMZ,-SC]-\1^)/%EE%_9"0Z!HTDSR"[\T37%L%."N
MT\1\@CYLG.>!6%#:Z39W%O=I;&>17+C5+EGEF.UB-N>B]L8VC%=;XKTBXT75
M-2UG1M)FDTSRU;5[3``N!C'VB(8P)`#R!G<`2<$#/,P36+SFQTFTN-;AF5"#
MDJ%<+M&>W(/W>G`ZDD#T(2AR7I:(]W*Z%*JG*4;M?=\WLBY97$^N[K6]\E]I
MVN\S^2%5PV]<+U(QD>W)J#3=3.F768$EO+U@(TL$;S50`G<6(P!GY<>P]P:T
M5T*^OX9;GQ-<0BRMQN6&T?8C'N&8#(YPO;N>@K.37;O2]:BT;P[X5MKC4!9+
M,9(;I8U7<Y"@G)ZE02-Q!XZ5<*<IZGH5L5AJ2<5JGT6U_7_)?,U[DV\UNL<K
M,+BX<7%Q;LV[RF`((!]B16!=Z=+%),J2K%;RA3YR+APP.?F]O>I;?7I-3UZ6
MQU;1VT?58(B\J%PZS`D#<"/3'_US6J/D.<@CT(K'Z[5P.(O':VJZ,BG@*./P
MOO*SUL^J)/AOJ<;^/HY9V%O:VT$Z2/.=OS8`SD\5[K%,DV[RG5PK;25/0^E>
M#Z-:1V?B5;Q)@(X[67$$VTQ9RIYW<8X[D=L$5Z[X/F:?0UDDM;6U;S67R[0@
MQY!YY!(SGWKZ#ZS'%)58]3Y/$8:6%J.E/H:ME_QZ'_KJ_P#Z&:*++_CT/_75
M_P#T,T4S`+T?/:_]=A_(U@?$#3EO_#W[R-I/*E0A517!!.#D$<@9SU'UK?O3
MA[;_`*[#^1K`\<7$L&GV[17#P?/R4=AGCT4AF.<`8[F@3."N;)Y]?U/_`(F%
MW;)`ZJL$?EJ&'DID*N.23CZ=J:?--@MV@NU8+O6%)F!R"05.[(/`S_05'J6F
MW6I:K>O-J<%JOVE&@DDC$K$^4F1N#@,22<8'/6HX5OFN#-J]W')..5MX?W:R
MG^Z>>Y)Q@$_3-<%2I/F:3/=HR?LXV+>IRW4-B)+6XE838&(T5F7O_+CJ13K*
MZFLKF2VN3-+;R<VT@/G`<?,"RC/'7GGD^E/@EF<_:A#&;R2-(Y()KC`2/^\%
MR2#]<?C4$\!LG<Z:\$L;R![M<[O+(YZ`G'&<@<]!CFB.)G'=G2JC6IHVEX\T
M\D,H3Y<D,G1AV_'V^E96I27@OKD"6Z$WRK910*3&X[[L#'KG/0<BEAA:VGB>
MUD,\9#&:[:<?NSG[K'.#CW]>W2M";4OLEK))>(H3<%CFCE!1\]">R_7)'O7=
M3Q,)_%HS;VG,K,FN7N(;<2Q(KL/O(1R1[>]1:C).='DDLMS2E-RX'S`G'0=R
M!GCUI;Z]-I:Q2K"TTDI6-(PP7YF/&3TQU/T%%E=/,TT5Q%Y$]NX5P&W*W&0R
ML`./RZ5U:=#2]T5]'+/>3>5)=S63(K(]TI#!^<@$\FK=O<2+<O!/&5_BC=1D
M,,]">QI\5R+N>40AMB';YG\+'V/>J;ZK+$URZV?F6UK(L<TIDPP)P257'(&>
M?TS0._*DBKJTT\5[-O>\0B$&W^S1[E+DG(/!YZ=:TWENEL(W"!K@*/,0G\\>
MIJ2YN8K:#?S*2<HB\LWT%17ET++3A=NK,6(`3OEC@#\S3#1:C9Y9)=)FN;-6
M:3RRT:E<$L/:LVSBEN;L(DEW+&D.\S7*'=%-Q@+D#J,Y7IQQ6E8WD\UQ);7,
M(AN85#,$?<I4YP0?PZ&GI>"YNF@B5V5.7D'W=WIGUZTG%/<FW,S*=S!?`2PR
M&>Y9&E=7RF5;(('U`XJ769G2]B62:[M[8PL5>U3):3(P#@'\!T//I4E[J/ES
M2A;$726:>9+(S@;1Z*".3^577NX;>S^T,_[MN8QSDYZ`#KFL:5)4]B8Q2;5S
M-2*2^LC;WW[MIXXWG!^5MVWIGIG(&1CUK#UW6E:`6&EV#2ZU<0F*5.KVL0_Y
M:2$'CM@<%NE,\2:[>R:S_96CE(-1N8DW222@+9\G+RGZ'[I.2>U7_#^AQZ39
MR,(V^W><TS32W&&OI,#&_N5Z8`&!FO-K)1JMLXYOFERHK:-H-MX?TR*]@>ZN
M[AR#=;ANDF<Y^=P#P`,`#M\N,<YVY8?+U'SI8I)I+DFWF;.(PN2`2O'7&.#U
M!]:)H9`WVR-(H]4>+#P!]XVG[V`3S_%U`YP*@A:XBF$]NQN[II4$EN)<"$#J
MPYS@MD<CUZBN=MO4:26Q,5MX=6C6.!X;A8&CCG1L(G!"@>A^;KZD4VWB!%YI
MK-.\,9"R7$A.Z<,"=P/.,`#'7('X":.%74VW[NXLIBS3RR7.YPQ_A'/0#=QG
M(Y-4Y(75!:QW<=O8;!Y=S&XR,\[LY&1G?W`P3@Y.*2MU`3X?%-,\3^*M#:WN
M6BF6*\AM6D_UBM\DI7'7)`;C^\.E=O:0WDU_>6^I1M]@92(XF4!3S^[$??(7
MKZ&O.+^2YT[QCH-^83'"9WTYG,V/M,<R_(6(Y`+HAX]3QZ^D26UM?Y%P_P!K
MEL9%F2UBDP87P`5W=T![GITKS,;!*IS=T>957+*QFZFIU%)EF^S16J6RQW%K
M?W`C6#=]W<NU@2=N<G`^9?0Y73CK-QH\7E)96T\4A#!3N#J&^;;_`'0WZ4B7
M=R7GD2]OHS),Y9+33O-B)!"_*QA;<#M)SDU##$ESK\)GN[Y2I-QYL]KY`E"D
M+Y9^101]UNE?/YG1C.AS?RZ[7_`4-R[;(9[.^DT6W&G7CR8\^XB)$V/X@3R1
MR1[4U9$NVMM2TM8KZ>.7[---*^-@`8,0>G#'D`<YJ.2:5[(:IJ4(N'AN<"*Q
MY5UZ+@$_.02/0YS2^3NN+B2]C,45A*)H;:SS^\W#(+KGYF[8(`R*^=<=;M_K
MY6[OIZ&PZ\,R)Y6LVRZA;SSH88+:(D(.=Q('W@.#SZFIM0"K=20:E=Q_V?>+
M]ECME4`LSC:5/<Y!]JJ60EMM/@CTJZ6:.\FW.ET=TD,9'$87/.T#')%$S"TC
MN[:QLP\EM*)?M%WAT520`0P.=P`&`<=*.3WDK_I\[/;7MN'0\S_LD^&_$DWA
MV[60)&6ETASRKPY.`3W:/@?3!K0@EN(;ZWNX)%2X@&2ZO\JCL<=\^];WC7PU
M;ZEI@M+*6;^UH9'O[:\G.4>3`+PENP=<C`R!Q7(:;=P:K;K<!5#R1,%MR/\`
M5;3@AO<'-?84:WUN@JCU>TO/S]'^9]%EU>-:G[">K7Y'H+*_B^.WGMHX(I;<
M-%-',Q!B)9&WI@'^X<=.#UK1N[M?$"7FFV]N59#N#3XV2B.0!AD9[KCD=ZX*
MSN[ZQNUN].;$B1@1&,C$GJI!X(S^5=C!>Z;=:9<ZAX=;R[YROGK&WF2Q@N-^
M$.<=SP,9KPL9A/837)M]E]FWU\CR\;@Y8>5U\+"YM+$Z-;^&M=T\W4<JCS'B
M^Y"7D;9M;.X$'H1TQ679ZQJ_A)(=&\72QRL5:+2-<=_E)/\`RQESPLF.%)^]
M[5OV,5E<II\^M/C52/W:RR^7(X#ML)0$`G'MZUGP6\.NZ->6WCA//L"8R8[U
M!"/-^;<%QC@<8IX3&^PDU+6-_>6N]]X_KW/.E&YT=NLWD6TMU%++>;FCWK]^
M*-F8H95'&0H7/OFH;&X@EU"T5#<ED$WD2-(/])(X?<N.,'I7!6FH'X?:Q>6V
MK17.H^'[M%^SZR[%C`A7Y8G89]@KD]N<5V^D3),LEQ'##;PG$4UU%("5PH(<
M2,,,,'!]Q7T7+"24Z>L9;/\`0QOK8EB%['JMJ((6MM-V8DBE4!`N&\S<3_%G
M9CU&:XR^\2ZGXCUXZ'X"*06UB\@DU*XF(MPZ=2I',I']T'`QSQ56XN;OX@I)
MIL(O[+PHAV3W%G#),=3*N?\`5/L.$XRS'.X^QS75V*/IUK#96-UK%I;1(J1Q
M0:6%"@9R`/)],?K73RPHV<M9=NWJ+<Q]&\&"VME/VRPU.YU!B\]W<7TADO&7
M/.X)D`9/RCY1FM6'3[N\NVO+ZZTC4#=R,MNK7#O&N%(*HI0C(]>O'US:6XO%
M"K]NUS/'`TWVY_Y8^M)]LOQ#E;_7..@73>OR_P#7'UX^E82G.;O)Z@59[.`V
M2M;VOAL/.K&`AMP8C`X&SG!'ZTVUL[F2"*:\\,:39+*#EV(81L&_B(C/!['H
M15P7-V!\M_KHZX_XEN.<#'_+'ZU"B31I+&MWKQ$YR5.G8`(8$$#R>,\YJ>FX
M#ETN&1H]ECX>/F.T:<_>8')`_=\XZ4V/3+>X$<D%GX<</)Y2X.X,PR=H/E]<
M<8]JL-=W:QEX[W7&(#;5&F@$G/O#CI^O%.)O;?2)+[6;XS6T&Z21YI%BA6$C
M.[Y5!++SP>]2HMNR879@:OJ=IX?A%U;6&EW5['((K2WTUAYLURQ*JAPHXY);
MT"U;\,Z-#H\V-2,\^L7=VIU+4XWP9+DJ6$0'7RE!`';\:QM$2WU'6%\=:NMO
M!90!K;2DG(B*1G(:XE'7>RG`7&<8/>KMEXCU#7)W;P=H*L]N63[?='`2,G@`
MGECUXZ8KLDK0=/[_`/(WI8:K57,E9=WHOO.FU6:\MI1<0!=/C$A:9Y&`5W!&
M&9C_``%=WXXK!OO%R3K+#X/TRXOHA,I>Z!\NV+$X"[^3C..GZ4D7@J*2_63Q
MCJO]HSS3[HH9F(C8$<G8/ND'.#_^JM:^:WT:PCMDT]&@@9XXX7E.67:6._']
M[;A1W-<\5!NQT)X>CM[[^Z/^;_`RK3PU/K8EN_%EY<ZBZW1273H6*V\#G'.`
M?G'([XYKF=1T74?!.HG6EBD_L:1P;VT#'-HYQNN(U[QCOZ=:],%E<1Z<D$5K
M$J6\J/#$LGEQR*3_`!8!((&3CH2,\U&\%I=!+]"FI/"[0J[R855.<^8.A')'
M3D$5="NZ<K]#*IB:U1ZO3LMONV.0C%O--YVW[1'J<?SRJ^80,97@$$9P""#7
M&7UAJ5S\794TC55TF5=#1!,85E1$\PJ$&2-IX'3N#6G,TO@7Q%*]I"[^')KA
M0HDD;_B5MN*D-Z1L>1V`]N:DO_!&FZMK"7?]HW449M!&US%J`S(/,9L'L5P3
MSGCCO7NT9KXD]&:\_M8II:G*V4-_H_Q+EL=<N'U*>XMV6"[DC,;*B$Y`7GY2
M>0<G/%==MY(8_05FVWA6WT/5Y)DDN+IVB"075Q,TC%!G(4GHO(Z8!]ZM7$=V
MQ7[/=+!MZAH0^?U%>/CVIUM#ZG+(RIX=7UNV:^ADCQ!!F4VZB-]\J]47C)Y!
M'Z5ZWH,T5QIRRP3W%Q&[LRRW*[68$YZ`#CTXZ5XYX>M+R77&CGO(I0]I,`&C
M$2@X')8D^_'3UKUSPM:S6FC1K,4?<S.KHRD.I/!`4E5X[*2*]S+5RX=+S9\M
MG3YL6V^R-&R_X]#_`-=7_P#0S119?\>A_P"NK_\`H9HKT3QQ+_[]KC_GN/Y&
ML[Q%=1VHM&>SM+IRY\O[07!0A2<IMC<YX]!ZYK2O1\]M_P!=Q_(UD>*[=9H+
M8-=7ML%9FWVBL>`O._;SM_G0(\SNI8/],>^A:6(3H($C.X[FB4[L';\H^[@C
MGIC-6Y1&UU9226OVO8Q7]PIS`>[-C("^QQCGD<4GGW5M=7LVR6?SYP&VS,'A
M!C0;A[E>>>_YU79[40QZ9'<R7?F(T0NHC\W!)X;.5QN!]AGFO+F_?9[M'^&A
MWD7MNUS=_9XIKB5PI%NX.V$'`.>PX'.`<]<<U9M6LH]0N([9$A>,@S32J-C2
M'T8G(')SCU)HN(6NREN))XG6%96N%EVASD#9NSR?;O3#.TUS'+>2?9'B+0I%
MYQ,<Y?(W8/!&<<>F.E9/5FB*QLS/HDMI:VJVH\X+(DQVB5!@,R[CG!('0\#&
M":?<")89H]3L2+.$*(HUX,O.`5&<C'7/<'FI[>Y@N)9;Z-9E1(6C\EB?GVXP
M`N?O>I_#KD4T27>FPF]B5YVN-K?93)L,/&,``D`@'TQTJMBMB&]#G3XF2T^T
MHX0RV"IC:<`J0%_U>"/IGKBIM,O]*BTV62%S%&26E,C;R6P`06R=S<8QU/I4
M0EL[:)K..5[SS)?*$JDLX)8-M)Z@C.>^""1C!Q']E:,1VL5T\4>!>2.4\SSF
M'#(>>3P#GOZ8P!O3Q$X:="HS=S6TZ]@E=X(%E@>%1^XEC*,%/1L'M22Z987=
MS]KECWO\N<.=A*]-P!P2/?O6/HEQ<7M[)J=EL>S=?+02L=XQV![#GZ?3%:EO
M);QW,DH!@$BE)5"@J6['CH?4]Z]&GBZ53J=2=Q-0U&ULKM/.$IF5<EXH3)Y2
MGN<=!4NIS1?V<1-;M?++PL,8R7[\8Z?6H)+*"_N9'M-2:$S*(YTCVGS`.XR.
M#SUJU+9Q,(XXLQ>6NR-@,X&,=/I6[NXOE'K;0S(H[S3HISIUK:@%1(N9C++,
MQZAB2"-H!Y/'&!FK6CW\=U;QQ&W:SF1-[0,I`(_O`D#=GU_.F/IMP+)--,KS
M1D'_`$K=^\"YR>>Q[#%2I:16.Z^U"_>;R(3&))L*(TSDD]LG`R?:N>C[37VA
MG%SYKR'7.EV=_*[S*2V,,$<J&`YPP!P?7FN=UCQ)'JEQ/IWAF9FNK<XDOH[5
MIXH%Z,4(^5G'Y#/7/%3?Z?KVM++I+):Z&\:M-=$!CJ(Z[44_=&."W!QTK830
MXK=85T63^S%BC\H)#&-K)G(^7L1DX/N:Z+O84FY:1V,JWT73=&TIK>SA?4(;
MM1.Q?+37DN!D[NN<<X/;/%7[F&=K\7?V>)HH8=T$;MA_,/)4@'DXSU&!V]KX
ML8XK.*UA&U(@`A(R1[_7U]:SX8F2T2QE-SYKR-$TA?>T'?=O/./0C&.U>9BJ
M+4N>/4RJ4U'8C6:V-Y;>;:'[=.A=ESN6*+G(8L>O7YL<<`]:G^;[?>O;0;KB
M6'<EY_RQF<#`&>F>N<=^V`#4%P9A;_V?=RRV]K&@<7ZSDYQG:K=>N>,<]#@X
MJ>.2&^U%/L[RH89!(S!MD;!B3S_>!!''KGWKB1!7MX'M((;::Q1+9HB9Y`V]
M<X;>G!^8E>.#QGCH:<AL[G128;1F@D),=NYQ+(JGIP=Q8$$[L]#STQ4@6?S'
MO[82J(BZ+:M)Y8F'()P#W['GJ/3F);^*%+G4+J:22>8),]J[^9Y)4D=#C`^8
M?@,$=:+`BAXJT^[U?0=ELD<7V>V\VW7=B2.X3#*H4$9^XH';\>O9>&=7T_5-
M&CUC2@)[NZMEF:%CA5W<RJF1CABV1GKQD5C1KY-O'$!-(T\VU49MWD[DSG)Z
M*/3'&1Z5R_@Z:\T*76/#SO$T-G/)%'=7`WHD$A\P#`(X8Y!YK*O1=:GINF<5
M>G*4E8]"M3J0TKRY-+;=)"F\QZG+%]TC[JA/D)R.![]:?>2L;JV?5[,6\,C"
M`F2_DE7D%0NPJ!DD#GKWK"AU+3+BXN(#X>TA2L,;Q2K8I(HZ9)RRDYR`.G?K
MSC1G;0!JEG!!IUF)IYO+5(M-,39VG>Q;&-O0^O(YKP,71E"E-271F')*.Z+,
MB-:62I>3KI&G6<J&-_-!9XPK#8QZ#D@@Y)XI[C=K3S01&!+NWV"_>1EE5N2`
MB-QM&W)&`<D>M,A:.!FM(G.J)<S$2DE3%#G)9<*/E'&<'/.>::=TJV]CJL:Z
ME/'=EU$'*0@9V;^OTYY/>OCT_P"O+O;U6MV:#O(")%+I@BU#5[,^2\C2_P![
M!(8D]QCIDCG`J618B-1LY[N6_N9%:7[*C-\B'HAVXP.W/6J\9M=0@^T)OTAH
MIPK%0J-(R<[5)'(R3VYR:GFN+N5TOHD@T\13A)WN3AGC!&Y1V]2/H*3N].OZ
M]->WH4B!&CAL[6YU&YM[:VM83;SVD4V8@P^7*XY(R,8;/3UKSKQ/X=D\(>*G
MNK&V-GHVJRK$K[@PAN<'D\G"O[XY->@1W-DLK7)T24Q7MTT>^1"6=B`JM@]$
M8%NG]:;JFE65[IU_I4Y?48+\A'CC*A+8_P`)&.5/&<\_=%>C@L4\+6N_A>C7
MEUVZI]RZ51T9J<=T</MQ!F%1`P_=*Y!XR><*>A]*GT?4Y=(U/[79PK'*P;?;
ML,-.G'7`RIR`:R;3[38:A>^&M:19M1M,-)/N!6=/X),=1G`R.QJZYDC&Z<QE
MXU\P7#<!6/```_&OIJL*<E[-ZQ?XIGUT73Q5&_1GH%E`WB5;/7(I1;J0A>U>
M/<^8W8@;\C'7T]*(KN;Q3;D*D=C);21W$4C$7`((<#*_+@XR>OI7$6&I3Z9?
M6\L4T]M;+MGEB28A9!_%N7UZ\FNTDDL=1TPGPLC<7"-<+I_^C.RX;&6^7/.#
M^%?,8K"2P]2.NGV7TBNS[_,^7Q6&GAYVZ/85W3RQX5EM8YK7[,ED\[L,,3"3
MDQ$8QA?6O(GOOL-U%H-U?7&L^`["Y*O([F!-Y&"A;YV:!6_7CI75^*]<^V&#
MP[IJ1-JD5G&-8U/`\V+Y!NA$G7>PW`X/`/O69!:6<5I_9\-DLEO/&-\1(*QJ
M!A1CTXKWLLIRPM-U)7][I^<O)OIMH7A<O>+3D]$MCU"PDNUM;+^SM*A^S00A
M+<1:M+Y31GY1TCPPQR,]!R*GAFU-/*":7_J057.JRG.XD<_N^?J>G:O(=#=?
M!-\&NM+LM4T&9S)=1M:)))9$Y&8L\E,D94]@<5Z+IEYX2U2UAN;%-#N82C&2
M2#1CM)Y`.3PH'&0?TKKJ0C#WT[IG!7P]3#SY*BM^ILP2ZE"(?*TK(CR5+ZM,
MQ.[/WLQ\]._2FQ3:G$D0&E\P$LN[5IF)RN3N)C^;`/`/\ZSQ'H4=E#.VF:5.
M@#&0PZ/M5_3:3P/Q)S3+&R@GG1)]#\/1P&,NMW'9Q[96/1!D_*V=V1R>.@K"
M#A._+J8&EYVI0B)O[)RMJ6(9]7F.3U.[]W\W7C.:J/K$D,T,/V-7ECDRJ)JT
MSDLS8`;$?().`#QZ5E3C1=&U"VNM0BLK8H[R(D=O&)Y`P($7E(O4'^+)SCWK
M-US5K]=/;4`AT*RM5,L4]XP>:<!LJBQCC(8Y53D^E;0IJ4DFCHAAISCS/2/=
M_IW^1T5[XE?1EBDUFU734$K&)YM5>5B2.6\L#+*,_=)'MBN/N]$UGQ=,!IBW
M%MX9>3SYY-4;`NB,L'*<,4!Y"]^_`IFD?#Z\\07]OKWB:&Y*RE6@TZZN=Q..
M3Y[?PENH4#`'OFO2X$,6GVD%P7N/,,A'ER[E2(_\LRQ^^,''J2*W=J$O=>II
MST*:O37,^[V^[_,YNQ\)V-VJW2N^M7K,$DN[U3B$\898>`%*_CC!&170W,5K
M>Z0+&**\6$SK$)H8_F8CJY_V>.I%16Z0(S6%I!<?8)T\Q[X3E71APJ^HP!M]
ML"D<7BZF+DDQMN8_-.=^Q5PT/EC@\_-OZ]^U<KO)V;,*E:I5=YN_Y?)=">_B
MT];Z'^T]T++B./;*6\U%(PTF.@#$=>Y'TISI.M^]UJ%N"V1####'NWGKN))Q
MCW.",'UJ'R[&]@$\UO.TGF2>5'YV1)T8IGLI89`)[#'I3I?M5QIYN%6:WN;M
M526!KC"PX;(7_9W#(SU]J2@GL9W)UM"^HZC=0QW,CR,L!BN<K$1@9=?;'I[U
M7@2!M,GCT1O/+XCE><%B$QA&4'&Y`,XYZ#ZU):QO!IT"3&4[[G=$D,^\0CIL
M:0_>'4<_0=J9!#!$QL].@G^R7:LL]T)=KV^W@)G'R@9X!]:F/+J@07UK:W7A
MVYTN6WNKB!MMO+)%'S+G@@9Y8#N3G\:\[NK(?#_4%T+6)#+X:O2PT^ZD.73`
MW&W?'?+'8QQSQ7H/V6\DU.&0S-`1(B(9+GF(+]Y-HX?>`>>WUJ#5]*TG7K.Y
MLM4@G>VFF9(TD<C<2!E03]U25XS@DC@UV8:LJ,K2V81FXNZ.1N6@?1K>2V18
M$B<!(F`#M&>!T)SSCGOUJD<D9)R36>L]]X:271/%PN<7I#:7=S?O&<`$*C\\
M2+QUX8#IFM!MZG;,NR13M=<YPPZBJQM.S52.J9]AE&(C.#C?4OZ*9?[:Q;1/
M+*+68JD>[<3MZ#;S^5>I^%!.GANRBNK1[22*,1F)W+$8[DE5Y/T_$UYWX'/_
M`!6UKD9_=2_^@UZX@QBO9RS^`OF?.YXO]L?HB"R_X]#_`-=7_P#0S119?\>A
M_P"NK_\`H9HKU#Q@O?O6_M,O]:L%1GT]:KWG6#_KLO\`6K7&:`/*M6FGL]?U
MC[';)*\EYOFWOC:GEJ"V#UP`/7KT-9HLF@(M[&&)[.X5EG"2<HI(YQGYL\`$
M#CD5<U6!KG7O$`M+N>TE%[NE>-<L0(EX7Y@3VX'?KD53>4WEA!>A9U\D":)(
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M?,#C)(3#`XS@8ZX/IR$`"W:SFC-E'$Z3D^>%DSB,@9?K\PP3VP/09J-+6!)V
MTM+>-X(U7<S3_.LN[[O!R&`XR/KGFE4#4M+BE)N%2)\IY?RS-M8#!ZYSUP`,
M,.W6B]-DVF2W,UJX2\59)5AX<L3E05)('S$DKZD'-&H@MXKI-5EFCW-;LF$6
M>?*N.^WJ1CTJC-]FMDN_M-O<V%JDGVD3B3<)FZ;>,@`GISGOQ6G),\%[:3&Z
MEEBF41PP[6V187[S8?O^!ZYIOEQBXDM+R*:1;Q?.92_[N(J`=JL"-O&0.N1@
M<4N6-[LM5)(I-/%<V:W%S?R6]I?)M@B(W-&W3.?PZ^])MU$:'.$BN]T4@7RY
MB6:8`Y.T]5R!COUXS5A[&SO=3N(HE>"_"IF4@,B-QS'AAS@`=^^#6#KFO&)+
M>U@NKJ]U(2D16:(!-,Z]&)'W4/4DY(XK2,JL)>XR_;I+4TG\0V'A>YE&JI+I
MR7**;6U"F9IF[A`H.#T&./7BJFGVTOC*%;_Q*DEE8F0R6VF^80K1KU\[LQS@
MX[8YJ'2]*O4L;K6_$$C#6+HAA=P8)M$R?W*(2"BCG)&"<<D\5L7@9;JTD>*Y
M;3KD;3OQ@2G`WE0V02"V>`<_C76L8T[2(YY/5O3L2ZII\SW4QCLII]T2K9M#
M+Y:0D#'T'KGN.*UIX[DP)!$1OX#2Y^Z!U('?/I[U2AF;3;U+=R_E7)++SE('
M_NCG(4]0.>M)K%ZT%[&EQ=RV5N869'CC#;Y,]"<<<=N^?:O0IU(U(\T3>$E:
MY=O()SI<L5F[+,R'8S-SN[<]JR[2PE-S/):64EG"\`BDAGDSYS9.<@$GIGG/
M.?:M&":[;1(IFB5KMHP[1YV[B>H]C[57OY(KO0VN=\JQ(/,8(=K<'D?7K^E5
M**<=2I)2W(SF2););*)+$`(2TGS)*#D(#G(Z`CIG(.:!;ETD@O1&+&W82I*C
M8!P!GC)P,<$>O/>L=+Q[>[BNVN-0GCQNNX7`4`D@1/@$#)R.!\W'&`.=R:$Q
MWP^T&25KDM;R)'_J%PQ&[`.Y<\]SA@W'->+4ARO38Y+KH,@F-Q$FH2VD:7:(
M1`HGYYY1<[L`$X'XXQ39(+EMU[':P)J'"F$/C+9`(&&X(!7CJ1QDTD<=JNJP
MI;PRQW:PNL)4;HU4AMO5A\V3WX)(SR12P*W^E::T\\[QL!/=2`JSY#8922<$
M`8YR2/7BLA,,)9W:!(5,]^WF7&Z;'EJ1@D<]"21^&.]85S"FE^.;"."WACLM
M6M#92+Y@"B>,F1![$J?QS[5T%M!!)"))HI1);*8&EF^65D`P6'7/#-M;'?''
M6N;\6VX?P1!JNF-.(]&G6\BMW7+N5D^;)W9R$)YQCT`S5P>NA$NYT(LO/#V$
MJ*=.4!EE23[IQD@C/!VDD@\G;GJ0:MZ#=W%UK"S06L8DBMY#"OF;M\99<$D'
M`SC\>#WJJ+JWN=2M6AE^TO?@P1Q1N`DJ,N[<XSGE,Y.>J@X.*VM)L=3TZP9+
M2QMX9XICN,DID:1`W.TGG!'<\\]*^>SO%4Z>&E1YES2Z$3DG$5EC@\/00Y>Q
MN+B["[;/),4IRQ4!>.@/7C)JR5:SN-518C:6\D?G/<Q$&0D##L$'.3R=WK[T
MVU=9K74;KP_%%%J32E7FN59Q*1T.21D8X'IC':D8QW4MOJ=C$NI7,;?9)9"P
M018#;CTP!N^]CK@8Z5\2VM;_`#]=&O*VEE=LYQL`DN8])^UP![6/]XEY,0KA
M^V0>A;U^M-GCCO1JCQ>?=_9Y-BV[@^6DBGD@L?;J#@4M\S1H;;7K>&:SGG00
MPVI;)!ZA@/O@'!/`ZU;NY)+>]>WO[F&#3;A?(A6)=K[V&"">>?3&/>IO9J2_
MX&_2W7OL!7DNKAM:LC',XNI;8M]E(+0X(Z[QPQ##KGIGUJ%_)@T.Z:Z#:?<7
M4_[R.WRS1NQXR%[G!YZ58@MM4@L[BTTZQM;4VTK"V:1BRLOJJY^7(P.O7-26
MS0W5SJ4VE1+'J2_(9K@,Z-CH.2.!SP,`4W**VV5OSTOY?>PL<GXR\'3:M=^?
MI2&#4K:WWI?2$!IRHP\;J/F8,,<@<&N+T?58M3A5YD2"X5_*FMYSS$1RH*GN
M01SWQ7J\FZY2#4(81J.HV,@MY4#;!$S8+XQTZKD\Y48KFO'?AJ]N)_[;L%@L
M]2B18[<VZEA<`D[HY`!ENN0<?+CWKWLNQ\?=P]9[;/L_3L^FQV8/%RP\K/X>
MI@G<\I2X1)93&5FXVMCKQ[40^(M2TJ0:7X<2-]8U;;;Q0S$MY/#?OL^B#+'/
M!K/AUA!:S)?126%[9-_I5I*_[V$=26;^[_%D<$<>U=+X"T?4[M[_`,2R:=%;
MW5W&$TQ[SGR8",A@HYW-C)Y'85Z^,E"A1E.M9KHGLWT^773H>KF&)IRH)+7F
MV\C7TOP[I6C>$+FWU*W"RAMTQ+&69W)V^:Q')+G+?0@=JS]5\)W,-Q%_9T$M
MPCPX+;A$X']T+U8]^.E=;:F*[O[N>.V6/4X8%0RS;I(D)7E`0<8#`Y`/OS3'
M_P!)B2YEV:CJFF'+PHP0(SGG;S@'`X)/3.:^7CC:T*K=[W>M]KM:?+S;^1X]
M#$U*.D'IV/,U>."4>8(XU>3RD\UBH"]1D'OGCFJ:Z=>V-Y/)H,L5O=3@B\M)
M$/V:Z4_WD'Y;AS7>Z[XDLHYY;*\MH=3WI\UG8`O(DN026D'`S_0]<U0N/#<M
M_`E]KD5EH>E;2[I:C,RJ1QN=LXST(45[=/,>5)U8V3\[W\K;_A\SV)5XUJ?^
MU1LG_6BW%TWXA6MW9VD%U]LL-5LV"2:7#"9//('\+#AE/UR,<T7%EJ^LZL;Z
M[2V\/E`KB(E3/)N8*&!/RJ_4*>U7[OP':2VLVE:9IZV!A*S6FJI*1-'+CA@>
M22.<]`0:SK/QO:6%_<+XW@^R^(M(C1G$)+I?(2H_<J."6)4[/[P'3&1SX1X>
M5=5,-'U6[2>S2[7WO=H\:=>C2THQOYRU^Y;?F:+6>A?#[1CK.JVT]Q/+<1K'
M(H9KAG(.T`GG<3GY?6HM/T/6-3\6VNM>(],$$)E\VRT@C?':9)W32M]TS8YY
M_O8'2D\,Z=>:UXDMO$'C22]2]6XD33+-F4PVC`$,A7D^:0.6P`.@/<]5*]Y%
MJ%M]AMY(;>5RTX=0=QW_`+PR'/&%Y4U[\G[)\L?BZO\`1'!4JSJRYJCNR&^T
MU;_4#9VMPBF!G=F#E^6VG<W.0X`^7/9CBKJR03OJ4$.FR%[619HUE^2.209*
MLO8<C^1IDABT^/R8$NHD2=5CBCVXN68#:BL3PH]"0/>B-XY=.WD7-T[7+\7#
M!A#,,A4;!P0&XXR,UQI.^NVPK@)Y9-%:XU&*&,Q2[U\T>2LO(^\O8Y.`3UX/
M>J*6B:7HUQ?W4,]R',9BCA!$NX,3O)/1_F`)'4`=JMV_GW&GF?5[::>6"4-&
M(PJRG.-XP."N[(]Q2FY!O?L\UW>@?:PK72,$C$FW(AV9)V[2.@QD]:J*NV(F
MNFN+/5(SI]@A6Y<23%D+;FZ?,?X,#G/<C%4]4M/MVHRZ?:2IYI)F=]Q8_,I7
MYO0CDKVXJ6]%]'>K)IEM)!YDA\P-@EY,@#<3G";,_I4ES]GL!<1PQW$$(>-V
M,(7;,S$A8T;/R@MC/8?C4PNM0'1+9W-[J-A]AF.T),S2Y\N5Q@@C/`.<?KFH
MX)[FZT>[DU6*&%86$@,P,2.0.58$\J#QGH1BI872ZM)C)'=3;[O$L$[*_P!F
M<8(7@XV\@\$]:K6OVNXLKDZU!)*8&62&.,*'#\[U3U7IC-"BF@($LUM;&ZU*
M\22XCD4LL"\.S%@02W^SC`([&KEX9XIH+O3;`227B(9O,CRTA&-BO_=."?F/
M3'--N+I&N'@EFOT0RQ>9/"RQK;EB"D6,DX.0"0"/I2ZO)>QS>9H]O-',9"))
M"`VY@H\L9.<(23DC&.>G6G'578&=XK\/V/B(MHTPC+3,MUYGF$O&XR`>Y4#L
M1QD8KS;RK[P]KK>']9C,U_EYEO<_)?0XX=1G_6#!#*.37KUW]ELC=%$GM8Y5
M$\LL8!1N<%5(.0Q)YK'U[P_I_B_0KRVOH]0@N8ID\IMZO)IS[1M9"">,$$@'
MD$YYKIHUERNG/X?ZV-Z%>6'J*I$RO`W/C.R.>&AEP?7Y:]=&`0*\5^'"7%EX
M]M]&U=/LFJ6,$@FMPAV3H0=MQ&Q/W#W7L37MG3`Q7T6!I>RI<M[AF6(CB*_M
M%V16LO\`CT/_`%U?_P!#-%%E_P`>A_ZZO_Z&:*[CS@O3S!_UV7^M62/F^M5K
MWK!_UV7^M63G/!Q]:`/)-;L4O]>U,W*>28+[=#-NR2=B8&/KGCJ<9JD&O;N9
MYKYE@DCW,UG"ZXDXX'#'!)W`'N/2K'B.:R&N:U_:@81PWP\D+U9S&I!Z_=[$
M=Z6=(/MMC+<VS-M?8K0Y/E$XSN&<;>I'?\L'RJGQL]RE_"01M=*%NQ"TDCQ)
M']FDF550=W'3G&?PJ*:VETD,;%8_*GD#W`F?`B`'OC;D;O4XQ4,B75I<W5U+
MI[/*\@4&%C_JP``V,\#@#/\`*K-DUE%J%Q'9JGF(!]HFD&U3(2,`$G[I^8'J
M<XJ#5#+>.YA\NT9IIVFC</=[PK0]B.#P0%!//4\<#B1K`:A%]DNXVCBMRHBN
MO.W/)[DC."?ISQZ53^SE]&EL;"Q9-MP(Y4D.W*?Q,I/;(7Z#UITTEM%;3C4[
M:6*QM@JJ0>7S\J[>1QC.<G&.>*.H"F6[N[PB\D6U\ER_EQN/WB@9VD$G!)7@
M^N>!BK,3W2P07@M9//BA,4=B90J,2^`3G'(/`_6H;HP&WTVXN+7S#&ZF,0@A
MHW(4YVY^Z<'C/!XI;B.Y@U"\U![+?M41VXB<DO%U)&..AY)]>G&27Z"LQ9X)
M],#W6EH))I]OFPE_N#UY/Z^]-1YK9XW:5KD7#2$R[P!`-N!ZY^[G/'`/TJAJ
M6OZ-X<NA-.\CWTZ+F*--[2N>@09ZXZ]JQ(]$U7Q';7_]IVTMC`)P\6C13864
MGJTCY^8@<A!\HW9YZ5:CWT(<ETU+;WUWXK@?2/#``L+=MDNOW3;E9A][8O\`
M&1P`W08JUI>A+H]Q)")3#,\H9[^1MTUXHY^=B<X/T`!P,5H-#:6UFVG7%M+;
MZ;:1##1Y((]$YZ@Y]CSQ4MP+:72+>1K1IHT=9%2,?,O]U@,\CD9]_K2D^B!1
MZDD#7+PK=?9ID:VWA;)G"I.2<`M_^O\`I236MQ8B34-.16GG51+"S`A1_>/(
M]!\V<<DBDNH;I=6DO39O,(HE%KL;'F`_>R/49//8>N*+>:V_M.!""][+$)9`
M1N$:$#;SG[P`7/4$>E+E5B[#4,P>.4A[X7$F"@((A&.AZY&"<'CIZFK\-TMM
M:3)=W&X6ZCYB0?,7^$\=2?S_`#K/QY:ZI#IUHWVM_5CLDS][:?ISC^54+F23
M2);9Q8EX;*,.7V[MP;[_`,PX)!(YQC[U=&%GRS\C2$G%VZ'22W"K9+.ZF,$K
MA6(!Y.!S69;BZO,S7L+1O#*S16R2J$FQT!)ZCN>?I3=9OX)]`>6#%Q%*HYSM
MY'(&/\\57DF:YU!9C9C%M;;H%#@.9#C*X!Z]>#T'/.<#?%5GI&#+JMMV19N;
M-D4ZG';J+LQ%)[82!@Z'EQGV^;YLXR`.U5$OIE3[=&TMQ*7RD#+DHJC.X#)W
M9W#\2>*GA>S>\LY)H3_:$Z;MC8(2,9X+9'S##$'@=CUJK<-;Q^)VOX<+)`5%
MU*C?NI-^%`'8,`2>/0Y[5Q*;Y.5F*5[(LR2A8ETZXN'DEND:<QW$3%]I&2JL
MIX([9!QBJMG?W=W916RH]C;-'LBF8`NW/(SD;@#O&`.!^56AYMLTFE65Y))J
M&/-$]RH("9RP#'IQ22KIXLM1O(Y)+X70\J9(SN`(&"1D<?>]^,5AS61NZ:>Q
M<C5YW:-TF46LH;S$E5?M1"\@^Q&#CT^AJMJ=M)+IMQJ2VX@O?LTJFVW[E92I
M!SCJ-I/3T`-,>RM$LK:4ZC<*NFXF:%V#L,@85E[<@<#CBD#>8UI?3M;.DI5;
M4S%D9P3RI49&?F.#[BGSQT;9G*#M9$G@.5$^'?A]-/M8Y+JWAMS//."!&9%X
M92/O'D#;[C-=$FGP+K5O91:E=FYMR9I7D'$JDCY,@8."1QU`Q7'^%F-BNO>"
MIX97A@4WFG0*^!+`YPT0/HLAQ]"/2NX$/GF&XU&X$5D\(A%HSY`<G;][JP..
MO6OS_,X2I8FI?JWYWOJOS>FGJ><KI\K()[MS`FIZLC+%;W&#%:L9%VC(!/\`
M>P3GCZ4@A#27#W"_8[2RE,P@M`?WVX<;@1W'\([TXQRP6*V\D@TK3K&==D\I
M&Z6(*P(YZ')'/?'2G[/-UJ2XM%<-=VVU;[?Q&>2-J'@@;023S7FKEU^=NUNW
MK9ON!'9R2VFEP_V=<+>Q7DV,SN=T*$<*`.3@`Y_&HYVCMDN;:"U^U75M*LSO
M>9PJL>&##C_@.<U/]B$/DW%H@U#5K3]R[*XYW<G<?X>#G..*DDC0IJ5K=7[7
M4TH:1;6([65,<)D<\],\9HNKW_X#W_))^5P*LEG#'J5M9G4[G[9+*;IY7X#+
M@;H\X'!'0=0*FNI9I8I[C4@8X+.?:L=L2?,3_:['MP.>*;#;@6]G+<RK9V,,
M7E26?F!DW?=!#=6!Z8I5@N+6RGL;8_V=86S!DNI.2PS\PQZ=,']*)275Z_\`
M!U^>VBO8-Q#$MY=RD_\`$OLHWCN_W*%7GX&-X/0=MN,FF6<DEMI37NFN;H74
MP$45TQ4P1Y(VA>I.<\5/(BSZ];WEG').DMNR?:S)Q%S@;5/#<Y8YZ=:Q]:U7
M3O#_`-DCO;V&\\1Y9K6-GQYC,#RP&`J=<L>F>*TITW6DH15V[:;[7W\KVN^G
M8+]CGO&_AR#Q!XC@T@:2+I[=?MU[?3$H?("[5@24<@$DG![+^-:K>$S8Q):V
M?BS6(+FY"M'/.RSI;@*<C+`$`J6`!/;BLGPUJ]U;VE[9V=Q+KNK:FSW$\D1\
MN")B!N57ZL!MP,=JU;3PQ-<:?#<>*]0\NQM"7ELA($AC4<YW$DG&3G)[U[-6
MK5HQC1E.T8Z;7YF^MG?KLM-#HCA.1<U9\OEU^[I\[&==^,]1M/.M=;FM=5%O
M,J17>EHT,9S@`2EB5&20N`>*T;?1]1UV>6;7;R/3M.G@6X-O9(8V<9X\PGGC
M/XYK5U'PW%<>']0\.VUM%9:3)'O6YE^XI+[VXSRO/!R,8JKX7U*77]/TR[FA
M^T7EL\MC=N'`2-HSM+)Z[OE(]JYI5*<Z+J4(\K3LWI?576FR;=_0?UB--\M&
M-O-ZO_@?(N:/:6^CZ;>W7AM$,;R[([.8>6(BK;6![DEB3SSC;ZU9NQ%#//:R
M6S7MW<VYD1)\^5QDE<_P#.>OTH?3P(0MU+_:&J6LAN8L$98G@$J,``^GMGM5
MR$RG4,ZG?"VENX56.R1QN0]&.>I&>]>=.=YN=[_F]K?*WH<\I2D^:3NS-OH4
MDBC:74IX+[42GE2QKE;<C.,>B]1SWKFKS06\>^++^ZM9Y;==!ECL=)O(W)6.
MX4>9-(V?O=53'?G!'6MC4;]_#O@FYU$HUC!IVZ0V_F;C.#]P9.2&)P<=.:M>
M$]&?3O`.FZ39HDTLQ\V[N^?EN&;=*V.H/7!]@*^@RF'(Y5V]4[+]?_)4OO,:
MA#X#\3+X@C87>GBVUVV1$OXR=\@#J#'.H[HRX]^.:Z,033(;"\N&B2;S(S&[
MJTDHS_K5Q[XR.F,C%8?B3PW9ZZNG7>B7=QI6J13,MIJ5O`"),\LK@$9C8\GI
MR..*K67B![?Q7;:;XZMETS5IB#:S0/FTOF4X0KGYHV!/W3UYY->U.$*K<Z7W
M=49&Q?7=M8VMM#<V\S1*C($=OF,2%06(_O`L"`.<5HB"\6V@CCM/*6W;:T41
M"H<_\M03UQR<=<]:S+K4[6SU"2?5+1FN)I5$%E''N;>`!O)/`.0<-Z5DR^(&
MM$OY[N07=I?2B+RHW+^3G(P".O7VX%9PA.;-HT)S5TCI(X#)>0:CYWVRY(:W
M5H7`C*Y/+'L<=AWZ54TZXAGO!-:6)E:W&=Q;<XB8LJMC.-R[&!!^;!%9J:U%
M#;OI)@7[5<_.\LDF]0!T)``(X`Z#BM=WLKS0_)L;RX037*PM=P(&\QP,DGU'
M&"?6I<7"_-]Y,J<HZ-%C%TQ-I/<!$FE9,RRC=<J1]Y0.5(Z`>U4;EK?2-(BM
MY+2>2"W=XU$D@!E4*6=F';@<=\U:O8+2;4HO[1>2!BRPIEA^_`.<L,<#<>O%
M!"O?2W.IVJQJ66*.!06:9^<$GH<=CQWJ(22U)'1QW$=G'#;6;XAD5Q'"X59U
M)^]N/.5[C/;WH:#?<0ZD)OMMQ;.T,+1,%5L]G/;'M[4J*\FHZE+"]S=[RL'V
M5QL1<\%@?[O7IZFJ]LEO#IES'I!&I,V()6D)PBA?E)`'*@<<41:U$16LD,^J
M.T5FT]Q;L[`R-N<JK!6P.F02-N>U:&+B"XE\^<1)/,NUIY`!,'!!C4#E=O;U
M/6H+A;8:+<VT4TZ/N2*2[BCW$MG&,\$@=/I2:E:6C"VBU665!`JVZW);FY#*
M-^1C@<+D_6BU]AD$T,6E:<+%(YI(HI@L;R2`>8S`DYSP%*@C)_G4]O'*=%1=
M.L72-E2ZC2)RIF1L$*S$Y##O_A3KL,VHM+J-NL-K"/+VC+&?)^4>X[X[5,1(
M-9O;NV:ZD\B)(OL3)M0DC/!STY]..>M)27+8/,9;6\4_C'3;YWAN)HC<6Z2(
M06C1D#,C$>A45V7<`=JX;2+:PMO$UDMG,TLJ/)&RELB)`C84'`R`=W-=P``V
M1T)KZC+K_5T<TW=E>R_X]#_UU?\`]#-%%E_QZ'_KJ_\`Z&:*](D+SK!_UV7^
MM63SD9[56O>L'_79?ZU9R`>?2@#RG5[NZL?$.KF.*>6.6[(#(?\`4'8H+`>G
M.?8^E9NZ.&&'3!=--<2J81<0D@DAB>&SC/(['J>:TM5?['XCU=[.T,\TU[F4
M$YP-JC?CT&*H"R:R=;:VMMUK<JR2,LC-Y8(`R223T`P1CK7ES^-GN4?X:))D
MN+AQ9V\D\,ZQ+(\ZQD!QW7=W)/;`]P>E,$KW=]')=;[06Y,7D.VX7+.",J>,
M\DC\>"*1((9E?36@:2VMMA\TR8WN!DCCT]_<5*T?]J7#>=:+$82%@D=\"56(
MY(4C*D[?R'O69H,MKF.Y6;4+6:=K6.)E>,AF!*XP0/[V.^[-.1KJR'V](I[J
M"X"NEN,JT(Q@84Y]>G3IGU$1$@BCU6ZAD2[MD\J*$R`E\G*Y/KSGCK6=J/B>
MST.[*6MH]_K=X59K"W?S9#P<EASM`]>/RJTK["<DC122WLHH[66ZDN99I#$L
M\?)RS*2`<\$9!Y!YSR!G&+=:U=:FT>B>$F-YJ*1[+O4&W"&U*XW!W_BD.`"%
M'MD54_X1[6-6DCDU7_1+"Y?Y].L+AA\G8RRCD@9^ZF!VSS6_9Z?9VMLV@V=D
M?[.C0'<LFT;RV=A`Q\V,=:?NQ]2?>GH9VCZ!#8ZH;[4KB>36(6S/J-TP_P!(
M'0H@QA%']T`]\]JW;9H[Z<SVTTWE6R/!+$=WEDA<CCDE@1Q\W0=<\4VX@_M,
MFUN;4);1`>5<,Y`;((/3D@9(/UICI)+`;O48)(WT_>8@&_UV0<8^IV@=^"#F
MINY/4M1ML/$]W%$FIQI//:S)\EHX*%`">=O)SUX[]\]HQ<V]E$1<7;W#RR;0
M5P6C,F,+P>#]<C([#BI$E>(-J*6#&_F0;X&E+;QG[O/L2?I@5&8'M)EO;.VW
M^>X\R,.3L##+$]MHYS@9S2&3K'.MO:V`DN1<S*^VY*$E`IY+-QS@XZ9]_2&:
M2:;;;7<TEH;8HYN7.5N,`##$]&QS@9YSQTI@M8(9I=)$,D]O*A>X<R;=IR?E
M..>G]#ZYFDA%_LL9K3;;(H\N9I.<CJO8G'.>_6G<0L,HOM0!MGE5+9VC=,'9
MSZC!S@D^E$;W,:_VG`MU-:N"B6;@QMD-R<9)W$C\1D_6$PF2!OMD;11:>Y:%
ME8!9O3J.A'`SGWS4L4IVG4_L;&\DBVB`R9W<\)@]R,GV`QFEL"NRI>A(()[X
MW(%S+()8_-7=Y!Z!67IC/0XXQG`-0_9+BX74(884TZX<QR&Z=F&6'WN,Y7J<
M$>_K5W8\/_$QM;+_`$AR"\*G)R2..>``0,C':FR6MM!<_9/LWVHW66DD<Y\H
M'&/?KGO2EKJ7&33*S2:E?6MK;7)ECLBV9+^*<[G"@X/<J,X(SUP,D?Q36FF2
M/(NFM>)>:7#$2JL`SN6SG<>W4XQFI?GM+Z*.PMG2*--I#2@(6Z%.?XL?SZ8Y
M#-1#W5VTIANYXO)VQ+:N5,4W/WL$8/*\\UVT*=*I)2O\C6%BSJ!@T>$:C&[H
MD2['#.67D@*QR>QQ^!.*J1:1=F&*[#+8W\(D*Q1G;$Q;/+#GL?7'`]`!H7,-
MY)HT=NNW[9L4&5ONHW!+>_/;O6<=%U&ZT2YL[^Y=I!_JCN!#\`\C'3.?K3Q.
M%<I)TU8UE'4>++4#)<HD4<%Q+`N[4`?E=\C(QV!'H,]*:+G^TK^&UB$%Y]C8
MI=229#(>067'3D'\1T`P:@MI)[2<2W-K?6V8UM@=NZ)#C`)SSQ@?G3I[J:T5
M#+?&[NK(AKF"W0!I03QR!V&!7EU*<H:25F*W1F;K%I>^%+S2]?M9I+FST-B;
M@2',LD,C%9A[@`J1S_!Z\UVEK+HKQ0H+"X:"_G8PRRJ0=V<Y&>4&/F';!K#O
MK"VN]2F@-K=#^U+5H9I/X8QMZ?ECJ>_'4TOPYUJYN=)CLYKJ2]O-)1[*2T:/
M!`C;"2%NS,@`KY[/*'-15?K'1ZVTZ?<SSL5'EFI=SJ@!`'L;DG5/M4^"`H"0
MYY*]3@`#/)SZ5!<?OUM;/6XVN+K[66B2VR0J=%+MV4@X.>M0D1V?AN!(IWTN
MXN;@*BQ?,T4C!FVX(.3@'@]ZL`-976KK!$]E#)'YSWC#/S8P[8[GOGIQTKY-
M)*[ZW]/*ZZ=>ASC;9K;4[=[O3G?2C%.$G8H%9W7DKR<'DD$X.>U3-+<3SC4-
M-M8K7$PCN9;@[6:)3\V!Z@9Y-11_Z;'H_P!KC\V-?WBWQ^7YQTRO3+8[UG:[
MJ&FQ0ZI<:C?M+!`X$=I(=VV93_".N?;I0J?--12;_'K;Y_/8J,93?+'5LLBY
MT8"6:33KB2"]O&C5W0X+G`!"GHI)R#TSD]ZL75Y;:/!<C5;E;J&Y;_4EEV1>
MQ)YY]_2N7C\9ZQXFUJ&#PU:RPJUL65[R/]V#W8>IR"`?TJ2R\)6MIHLFI^(9
MI'U6>;/F2#B!V/&$''\ZZIX>,+>W=F[>[N_^!;JSI5&%/^+*WDM7_P``IZUK
M6M>(+3^R-$MECM))T$&I`/\`ND&/NC&3Z%B,8XQ3](\":9=W-_>ZC=.^JK*$
MO;B:-516`Y"KD*>`O7(YZ5U\$)T_5;D1P.IEME::]:,+EU'7'K@=!@`]JKP.
M;[3K*&Z1KRV,VXW\GR\J#\Y'OT';VK5XUQI\E!<L=-MW?O?TV^8GBG'2BN7S
MZ_?_`)%DO<3CS=&M$@FMBD)>;";H\@L`!QCT/3TJO=7FD0S7M[+87$\3S+&[
MLA*LVSY2@/!#$!<CJ2,U)>QQ:A>ZI;^?)/##"JM9;`R^9@%3GMVX''>I3>S^
M=I*O(;=W0_\`$OVA@^!C);M@A3QTK@C;>WXM:;_IZ'**V-)>96=[N.95B6QC
M`(C`&T9R<\C`)Z9':N>CNWL?$.O:!?09LGAMKFP@MAA@6+*XW`9X*@Y[>N,5
MN1&"'3]5OKM1ID\\GSA3\R'(17)Z\D9]",<=<Y(M+NR^)6F7%NLTWVS298[F
M]D3Y?,4JR,1GT+#`]:Z*'*G.^KM][C9Z=.EK[NY+6MS5$5IJ,U[:649T^ZM?
MW<L^S.U2<@CD=0H(ST!]Z?<27EW`\FEVZO?6<>Q+JYP`Y(_V>"&X/IR*J!QJ
M>BK#,IU.UFNB#>.NW8H;=N([X&5S[**P-:G\2>)/&>H:7H%ZMKHU@B6=RQME
MG$LS*&.`<!<!E'!&358;!SKU>2+M;779+3YZ](L)2L+XBBT[Q5\1K+0X[>:6
M"+&H:E,N?+,<8(0*.^7/)[[<=J[.U(=Y;&S-Z4`6\:_1A_I+`J2N>G/3\#^.
M#X7T$Z8^K:G=W3ZUJUM)%")?)$*A$C&$55.,`NQ(]:Z1+@G1[?4+J':(9<K%
M&3&KY/#JIYSZ*<5]/"$:-.%%:J*_'O\`IZ&#=QMD-2_M7S96DCC.Z21F<")H
M<':JQYR&4D9.!T/)K/U73-'UK27&J0W.H0-$S-9SK@W$:L2N>_RD[L]>*=:0
M?\(_I5M<:I)-(TDL:PO!RV2@#,<]G*EBO;.*76KB32)98+'3S*LC;E?EF9Y#
MAF0_P[<\CW%5!_O+Q_R'T/,KF;6_!MW#=RZBVH:)>F-6EE<RRZ?&N"(Y/[P"
M,,L!D8/O70V,<KZ<'T_RK&Q28R@DB5;B+&0P;GMZ<=/2NG2P&FO&ME9"2*Z+
M)+L8GR@5^\?]G#<$8ZUPVKZ)JW@^ZN/^$*26XTG8LE[9MAC`Y/+1#UQ]Y/RQ
M7J4Z\:KMLSKP^)Y'RR>AHB./Q--/)`%BM73;%?1'$H(['GI]1T[]JG4:SILI
MEA5KADG5(3;RE',8!!,F/O=N#D9.:JZ9J\%U=07FFW)O;*[Q%Y<,8"Q.!\Q8
M=CGM2_8X(A?VB&^ACM9!<--G/FXSPOY_YQ6CM>TCT[1G&[5S1DU?[/<PP>(9
M3>RS.PMS`0'="P8(X.`?F4<CGCOTKI4OI]4M&N+%[A9IPB-;Y!\C:?F`_N%A
MT)P.*Y&2X>Z!N6OH[>"\C"VV^,;T<]>M0O*UWHGVF=+U9[)]OF(VQI2.Y..1
M^%<TL/&5K'-5PBE=QT.^MOM$6GP)+)="1[@FU16\QU0#[KG)![Y.3U'>JEM#
M!;3+8Z;]KFBO4\L7D)Q]F"$A5]MN3UYY[UC0:]`DRV&H6=U,MX@N-D)(*L.>
M1G@G'..M;=A?KK6BW%SMB6-'\W=&^Q)CCYD;T/8^I%<<J3ANCSIT9T_B'[-0
MDU2)H/.1?-149W"*H4CS`5S\Y;!((!J2\MK'49&\Z:<QM+(D9[2!EQ)&I]#@
MCGOP*H16WDV=]JNHM*UJP9TV9,@)8;6QV*CCCUJ[?W)@>&[M+1IVU`1O*7R2
MQ4?*JC^%CD\]..:RBU;<S`RWMYI_VRWCNK2>9/)CMY%!6,]G(Z^V>V<TVU:Y
M@TUUN&NXU>X"VL8D$LJXQN#,"01NSU.`*9K$,DMZ;>WR\UPRN=\N-RJ#^[./
MNCOGUX^DMO;VKSOHMY]IEFDLX_M+!2JRL``7![$^U5IRL&1Z?9VEMXPT]K0R
M2EVN$9CP(-JEO+([9,C'FNX7L*XG2KFXN?$UD)[/[.$>3E5(P?+8;6S]X@`<
MCCFNV`.[GUKZ;+7_`+.CFFM2O9?\>A_ZZO\`^AFBBR_X]#_UU?\`]#-%>D2%
M[U@_Z[+_`%JP>I^E5[WK!_UV7^M63SD'N*`/)=5MY+C7O$*V5R]NXO=TTNS.
MU1&I('UP.GMFJS7`GM;6_B::*&!1(%A&YY5!(V$=3C!/''6K>LZ?]O\`$>JD
MM-;M;WI9)0X4.-J$\^@)/'7(KF-0\7Q6M['%=SLERK,3I>GQB:67T`5<[.6/
M+8X/X5Y4TW4=CVZ4DJ2N:VH6VFVUF9'\VW6:02YA;)+-T!&>!SG'KTYJ#6O$
M5IX=OR=4NFGEN(V:VT^.(LY3^Z$!R=V`/3C)QBLR0>,->$4\*'0]/9(XUMD"
M37&WC+#*A4.,]F(]JO67ANU\)G?I5HMPUPX-Q<7$FZ90/[SMR,@M_G%/W5ON
M7S.6R,F.SU_Q')+8WSRZ+IQ;[0B/A[AAR-H?[D?7&`2>G0UL:#H.G:4-0LO#
M)DM[H[!/._SL3R3A\[F_'GGC(J_;_:X7%O(]Q<37$+XO`F/*SQG'.&X!/IE1
MVS3Y+%KZ(VCQ3P&#:JW;28,IZLW3@_7VQ4N3!06^Y`I6]TN"6WFGC$(W"2,8
ME?:1N4*>3G[P`[C%.O1IIL9[V=7ACN@DTCQMA\G!`VG[HSDGVP<TT-J%W<GS
M6^R"*0LRHN3,HYZ'H3M.">"6XZ5-%+,;:*\6VGQ#!Y:V+%5$C;^&)QU';UQ4
M^I:0YFEM+ZQ=IY)()_W5K;F,@*<#YB>O/?C///`J);:"<2V5X)98;U1*$&/+
MA"X.T.IP#R>#V`Z4DT-SI;27%C&9/M!!:%W'[K'.0/KW/J:<DMQ;SQ%C)=O<
M-(4D&T>2-F.X/.%Z^@ZD<4[KH%@CMTGU6XBL9Y(K]HE!.`T<6<#*<^G'XG'(
M-,B9K_3#!%-,/)9E,ZC;)N&,X![-DG'7/7FK$E@UU#_9\OG_`+M1F_9MK2M]
M!T.,<^F*SK^^NXHA`X>WVR*JO#AGN%XR<?WC\G/J0*(ISDHH+%B0V-]!-=1P
M7):Z0^<\,9,GR<;<'@,<8QGGBECN_+BLKV*ZFDLW`A@A,9!W]"S=P?4'FK^G
MW2RR/;&&6VEA"DPR#^$]#D=?0GU!JG>1S6M[>7EHBSF0HAA+#"XY+>QSCD^M
M=E;#*E"]S65.RN(\4+W,MM<^9-%>Y^4',,17G[RGY?7\:5(4_M=XK)I([[R-
ML:XW1IC:!CGKC/7OGO2PW%Q;R13RB2],LI*JH'[D;><Y!SSQGIQ^%2&T:>)=
M-N1<2*5W?;W(4LQ.0..F!T/H<UQ7,[E>.,W5M<V;7+F:&1HY;EOE8.!U7/Y>
MM/=;*XMFOYO/3?"8)7D^60*O^P3U]".M,=+^29;`N+9%546ZX?S><'=ZC''3
M%21/+-&9%AN(1;3,WE?+FZZ<$X'Y^XIW%<AD9;?3[&ZBNG%@FU40H0TKG=@D
M@GD?+^0`SFGNLUKK*3(7$MP_E211(IB/)&2025SV)[YIUS;SQ!]4MH&6>:,H
M]G*^>HY)'<CD_@*:L]S;E+N?S+OS9%5+:,AC&>K<\Y&2?Q/;&*<)\NL=Q)M,
MEOK_`.:,"\^P0.C.;@@,`P(^0YX_QQ@<U9L;NXFT>*Y>/$[)DJ5V[_<`],CG
M';-5XY)-/N56=99;:<,\US-@)&2<JN`/J,_2ITU:W-N9U665`,DI$S%?;`'Z
M=:]BG6C*%VSMIR4EJ6;>>*[M#-"I<-D%6'.1V(KEH;^>!XY+(Q3W4[,;J)8O
MGMT4\KQSQS@'DGIQ6D?%>E0W207\OV&>;#0Q2X#RY.,!1SG/4$9'>LYO%6K7
M.KQV-KHYL$F#B.?41MD9AD*?*7)VY'\1''I16C3E&\]B)SC8GMM1-V9M1L)Y
MQ<W$(*65P=H10P'F>XQDCIG#'FJ]CJCZ#\19DC%M&VK6,<T_GR!5CEBQN0.>
M"2GK_=S6(^BSW.I2IXBU35I)3`\D\%A;+;*BY`V@J"3DYZ$@CG/452U_1O"6
MFZ?I]]:VB2WL,\-RR7<KSO+"I^=&WL0!MS[<5\]BL/1G3E2F[J2,)TJU>+4(
MWL>B3^-O#.G6MU<Z9J-O<7[S%/+W-<F1U`X41YS@$=*R]9^(-M8RZ=JEEI&H
M:G>W,+1*D@%N(]K,I5T)+`EAG;M/!%69&U+4=/2]AQX:T.-A\EDBO(1U#848
M4<]1^M7M,\.:?I<\T\<1LX[)_,DF=O-EN5(R"6(RN1S@8YQFOA>7!T=91;?7
M6_E9VMY;7\S!TJ=/^+*[[1_5[?=<P]0G\5^(TA74"GAO19V1!;QKNG<G&1_>
M(SZ`8%=#;^$[+3+]O[1*2"Y4)%>7#;Y6D;C`R<*?3`K1LI;VTTVW>"3^T4O)
MAY4KG88(B`$&.I('7FH;IH+<SP&WDU"_MIDF+3@H$7=\K@].,=N>#7-/$RDN
M2E:*5_ATZ^?ZA/$RMRTURKR_5[LGM([ZUL'M].TQ4:R<Q6S2R979_L=\;<#Z
MYI]O]GNYM2N--C\S448*PN7+(#C(`QD#OTY%5I+64:E#:KK,OVYY6N92R``Q
M'&Z,8P!@#Y>^,FK%S=S2?:)[R.6UM[.?:4@)D\U`<[CC&.0#QSZUQR5]8O5^
MO?SW3:Z'-KU&7(:5K;4XU-]?6K+!)%`X_=%B"PXX[KD'M2ZC-]GL[B'6;46^
MFN%5!;R88DM@@CJ?7"Y.!4:1K=23+:@:79*Z7C2I]ZZX')!'RC@#UXHLKFXM
M]+:^L'&H07,P-NDV4-O$<]>I8AL^^,4]%\G]WE?9/?\`X<"Y/)+87449>WM=
M+>,*)2W[PN0%49/X8[\"JMM97=C#<V.FZ>H-NY-M-<2'R]S#.1WQDG(]Z9=K
M;0_:K.XMY-1N@%GCBF)50@P`0W/W3[9I;BWF:9(GUAXK^]D$L1$>5A0+AT'&
M/NDD%N<BIA&ZLW]Z>NSOIKM>[>@$]K]FOM5O9[>$OJ<<"*RS/F-21D+QD<,.
M1U!^HK`\2B^GN_#FI>:);S2M1Q=VMO(JD)(C+C!/7I@=2*Z&Z>6Y^VK+%):V
MUHP.Z!M[3H<$]/;KW&.M>;>/O%]M=Z7JEEX1TR6ZG18[B:]@QM1D8,`Y[$<C
M`R>>U>CEV&JXBNHTXW_%)-6=WVLV3+2-SN_$FL_V#HU[=ZU;"'3C"#Y=O*!+
M),2,H.>2V<`#GY36+X.TZ;2?"5M=3-);W+SR:E<_9_G9V9\^403EMH51D<$*
M?2H]`\+RZ^(-?\0W\][=HYO+&5?EM858"3,2\_WOO,=V1QC%;LM]>32)-=8L
M`DVW[.@R'+,%0`]CO<C/N2.F*^BPF&A@X.FM9-ZVT6G;]3%RYG<OP;+6SGEL
M[6:21Y9+F",[MAD**2K>G7H>^:LHRW=G;W^JP33B.<1QE8#F9=PVLR8^7#<Y
MQQBBSCNXH;2-8I8A&62:-5`6.3G+G'!3GC&*EAAD6_2^:6:>:]C\EUAD_<HH
MQF0'MP..^6/KPTX\P#+>Y\Z\BMY;^;S%N&W2",>3<2`?-$A/]W:?R/?-5;^>
M]F46VEQSHMT"=[H2PEW$$D_P[.&`[^])I<]O.T=W#:SD@*3-)EBK.@99#&.`
M64C<0,YZ]:M^5?7-N;">62$2[XF,K@2MC_EHF"?E/3;Z&J^&=[;",I9DOM,@
ME@EGMTAR?-A`\Q]I"E<9YSU&/0CK1>1Z>=,N;]_,MEO-LTC1\N3U7Y3RHR23
M^'-)'!<6EQ;6=K--;VB%I8VE7+S(N-XQV.[./7>OH*LPSRS6D=[#9W6U8_+2
MS&U0Q+??W8QGW[XK7F2EY"M8Y36O"]QI>MQZQX5NX[6ZOR`;)XR+>[PHYD/.
MUC_?`SD\C`)JCH6NR7$KV2B87ZW.+VSO7VR6BGN,'#(>SC@X&!S7:S0W.CK+
M<VL37#7#C]Q))Q"`<DCCCN,]/PK"USPM8Z_+:0ZRDUS=O([VNH6R^7-:`#Y>
M<9/*\@Y&!WY-=E'$JW+/;N=%'$2IOR*\31W#7UP;NWO1"Q\I)QA;=EZ`D^GK
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MJ+BXDTMI?M`+"X$T+?)L!V+G!55)#`MGCFN7U$VDUKJ#7VF7$"K*BM)$/FEY
MX(/I4VL-&'6UM;F&V8KYUW$Z_-+%CIGJ?E!YZUS^PA)W.2>$C+8[07>G+///
MI]VH:6(2O=1`2HB%N0K#(R6/3UJQ'<QW%O>/(]YM=DC>$Q8DMN!@G'.#U_$U
MPCRZ>GAZ%['3&O+>4A1#LW-G.>G))S]370:;X+N[JYFNS;?9([@*66[)(Z#I
M%ZC&.<=*4,OE-.QR5*$:6\D:&DZI=7?C"TM;I5C$32E8^`8B%<;?]H;0ASZM
M[5W8SQFO/[_P]!X8O;+4+6[<W[F2(WEPH*1)L)/R+@8!'N>>M=;H=Z=1LS<?
M:K:Z!D8+):ME,>GUKZ#"T?84E!GF3LWHRU9?\>A_ZZO_`.AFBBR_X]#_`-=7
M_P#0S1742+>$9@_Z[+_6LWQ3J]YHVF+=V%JMR0X5@W10>_'/Y9ZUHWG6#_KL
MO]:Q?&,MI'I2Q7ZLT,CC+"41A"OS#D@CMTQS0!Y-XFT]]5\2:M<:[J\]GID5
MRIBL[,>6TLIB5OF<?-CKP/3K5^VT31=%FL5L]/%F2^/]'^;#'KYAZGN<GFI=
M4UJVT[6]3AN+>\D66<;`MFS^2?*09.%(;UQV-16U[:SV_P!CBO)I+M_W9G6W
M=&8C<01N'7D?GBO-J2;FSV:*7LT/+7%M=W5Y/:2AY9!"%1]X\L8`/''89)]:
MMVBVJ:E/%`5ED7#W`9R5#]E&>,$9Y/0^U$YGN)5M;25HKA8$FE94R"O&5ST.
M3VJ,O]MNF?8;1;<M%+!(!^_9U8`@C&[D@=_;%9.QT(IQ1H=!GMM.M[AQ]H$4
MRERK*IQN()[9`YQW.>M3,;-XY[>_66WM;;8#(6;+GHNWUYSD].A'2K5M/%<-
M+>17$KV8@8,I4D';CYAW)(Z\^A[TQY9;6W-Y=K)>V4ZJ8XP@S&N.."#Z]/IZ
MU(V-OI+<Q6-Q=0NQ5E:,P$L0Q`/S*.JG!(Y]N]-G2:WU&\OIK21Q$%AA".6$
MJ9R6``Y/.2<X&1W)I?,CLH%M[F],MU*QC%Q&,L22"/Q&5/XXIWEW+1V]E!<O
M#?26X8S;,X4'#9[9P,8]J`%MS9QZKA7W7DD8><$G9$.WM]?2H2I33M2ATRUD
MDN=V'@!X&_(8HW?`Q@X]^AR9/-:YNHT?-FUJZO,944>>#QC./T[YI]E*EW>)
M):W$BP01M&\84[=P0'..N1@`<C[HH07('6W2*73[Q9H+.WC!>8N3O&0?E;N<
M]NG'L*L6T5MJ&G&>5"+>9-D9,A!P#PP8\@D@$?2F&X>.U-^(Y;G3Y$'E6XCY
MC`R,X.343M#;6L7VZYC96VQ0+&,",,/E!&>#CGGN*WI5(T_>>Y4)*.Y8?R-/
MM+BXA>ZNYI5P961G)QG@8'0>W]:IZ;:VEM=1%F<ZA<Q!YXS*6"(>03GOT!_&
MKFR:*"UL_M+K?RH^R79C&#\Q)'`.,#\ZBD>6X*6C;K:6WV2/-(@'G@<8!QP>
M>G/0BJJUY5=Q3FY$:+Y":I'I]O(;L]8RY"-NZ[&/MS@=#3HXX4A.FW*20VL<
M):69G.`N=S#/=LD#CTQTJ>VDAN]01;6<E8"Z/'M(7GH3WZ],?2HEEE:`:D@F
MN+$H5%MY>#G>,MSG'(''U["N<@2?[%+H:N4DEMHN05<^854X!'KTQZ5)=[VU
M"*Z^SR&UMX?,B=2?G).2N.Y]O3\*8+B.TB>[N9UV2G?&NS!A4K]T@=/3]:<@
M>&SMX)+F3[7<.Z02M&2P.!@MC`&`3C-%A-I;C%>S>]M)I?,%Y.FU8-Y!6/)R
M2.@(P>IQQZT9CM]3U#[)"S7QC\P*O,;],;>G7.<>O3H:@OKP6<'V;4+R.QDB
M0.=0N-D<<BKGY<D<$GMDYP/6LB3Q'?\`B348K7P/'LABE8RW]TI6WVLQX5#S
M)UXQ@9[\U2BWL#DD3:IJL>@:+$DZFW#[27G;<A8G)7T)XZ#GG%9L5WJVK6UW
M?:?/<:/HTNU7F,8>=CZ11](ASPS$'&.*L0:':6.J6VNZMJ<NJS1R2)OO5`42
MA3D(A^5%XSG';K2Q:@[O`VAI*][&9/.L[<%X"3D`NQX';C)Z#I2FU'1;F]"C
M5J[;?=^.QI^'/"^D>'KN*?3E,US<0?O;FXPTI/WMS$G@D'D>U0ZQJ6DS(UM8
MRR7.H-+N'V8%F)Z,">F,>]59/#^M:IJET;UFMI)HTD`@8K$S9Y4MU)QGH:UO
M#NGJ@3#VA%A*\;K;1;=TF.<MW&#_`(\UV86K*I!TCO5.C37*]7Y;??\`UZF>
M+'5]:U<+>7DUBUO#@6T+,200.'?H6(`Y'(I]IH]E:V\^E6_ESWUTK$"X0Y"'
M*L"W<XS74M;L;E9[9]C$;9`3PZ_3L1GK6=>S+IFJ3WM[.D=GY:C&T%@YZ8[X
M(!/X&HQ.%A3I<T-T*=6;CRIVCV6A6^']W>77@^+2)YH;23P_>?8[BYD*E)8U
M!(VCL<%#D^]=5*OF:W-+9>87N[4%+MB&B5NJC9QN&!G/)XK@_#QCL?'$VG7^
MG*+;Q';X:)'RHN(CG/?&8V)S_LUW-W*9(;*'6T>.Z^V$6\=NYRR#.-S>A'7U
MK\US6@Z6+ERK26J^>OJ[-/RL?/\`+9M/H*UJ;2.WN8D>_P!2M1Y;PPL`N6Y)
M(&`IQT)Q@&IIEW6NI0WUTLKS!F6W@`$JQXX4XSSVS^506\<%_%)<:!*;%XYP
M+EC&6+,G5<$@$_-@D_TJ7S6NKT7^EV(#^:(+F:;Y"8P<,0.O'/->0[WWU_%/
M1I>2]`T&P0/-#9S7#BVL((C%+%<,K.KXVY,A)W9^[Z\=::+:XBLI].LE-G;P
MN'^V78#+)S\V0>IZ<U4%SH+^>LJ7$T%W=O%O?=M$G&%5>P)+$=B03Z5HS(UJ
MMQ;ZFQOH;Q]L=N(R57V+$GTSSZ54[K=?)^OY[[BN-<I+KT,\'G7'GVYC^T!@
M8X^P^3HV3D]R,>E1&S,%K'<2D7NK6+&0I"0H=F)P2HX`ZD9[]Z9<!4T_['J\
M+6Z_;$CLEMF)8H`,9(Z?Q`GTIT,-OJ'VHZ,YT^\A98[F612Q0J<@')Y/`Z]F
M]Z$W&*[+2_2WKVUUL!9P6DO#?7:1-=Q@I:KM\U%VY(..2>HJI:0S-96;R?Z'
M9VH87,4[*Q`&<-YA[8/(XZXJS,[7<[7VDV0>\@98))91MRO!88/H*QM=UO0M
M)LM6U"YM[B^B\Y8#"N2LLQ7Y8T7OO(`SR,FG1A4G)1@M7VZ/;;T>[$VD4->U
M*\35#X%\,%H;S4%,KW\N6%K&V2S'N6P,)]/:JFG^#+"ST2/3Y))O(4LTBM)E
M3*>&?+=3GUK5\,^'X=,LVO\`4IEF\675OY\@:4F2,^61'$$)Z(IV_7)[TMK;
MW-S8W`NIY9?.))$T>R17/+9&!QGVK[GAZ<%6JT*6R6KZREU?IV-L.E)R4NJ,
MOP?-;6GAFZT;6)9H#X=NS:*=S`R`%F@(&,E3&<YXZ9KJKZ&T>\TV:Z5HI@Z^
M7)$V[;)G(W`\D`Y(.>1CMFN7U%KOPWXKM/$MX[S:=KR)8W>8P5MW.?LTF#P=
MI)7/8%:ZF3_0[,6,M_\`Z9*IC$L*G+')Z=03RO7DYQ6U:RJ\ZZ_TS@V=BK+>
MZW:6.H6^K0M<I/<%8B-P<+G.1C(VX]\>_7&C;!#9#3]/1I)UN@LT@;:L$@()
M*[<[>#D?PGIU.*9*MQ<,+"PN7BOE@26=Q$6#+CD>A.>P]!VS4)GN+C46DTQF
MT][:14N8709N26!`5L`$D@+G'`/H36'-&3T0&A)'`+"V@TJ\-B9)\>;!`<2D
M#YAQP!Z<XXQTJ2XM[:YUJ&>:0PSYQ%%(0&G*YP5.?E!YR.]9^E:Y+<7\=QO:
M.SWN'<X-ND0'R;0!E6Y4DD8P?<58N5M90NHFXFN6MX_-"JHW3HC[D(]@>XZB
MLTN65F,C>T74+[SKZ,VQ:8?9%Y+B48^8CL,Y!QD,#DGI6;'=LUY?ZC+9W!:V
MQ:"%&)R`3E@,9_VL].?4FMRZEN)8$>#[3F[*R+&8P'@BQ\Z(W9CCH:J:@MY%
MIEO(UP]M?R%@7"AY!;[L[F"\$@=?J:NC/ETD#&VWV1=8D4-Y]W+&LD\9SLC&
M,J/3TR#TJI&`-)U*WTFWN)KGS-LL>[)&[Y6*G^+&.#CN>QS5D3&]O(X]IM&M
M"AN0\:XN0<#@X'?G'Y8HM[A;N^!M+HM:Q1/#)$0<%@BD-S_%\O3C(7-%TGH3
M8KRQV,EA<Z9?QS16,$06663+"11CIQAOFX].*\XO-'O_``IHQ/AF[GN+&XG*
M-ICY'N/)<Y*G'8\&O3C=306XU2037NFRJOE6PC'RCKGD'OU'X]*YFYT_5+76
MKVXM;];F29(W6"7"H%;^+&>&&",8'>NW"U+2LNIU89)U.4H6>O:9J"K.^H.D
M=C'Y-YIMTG[Y7Z?.#U]<]*T!!->21I=W$-N5E#VBP85I(\#*XX..GYFLC4_"
M2:M-<M:6S:;?07(D3403O(QR`>Z]\'(./6L]/$,RW:P^)!`D*[K:/Q!;H40/
MQC>G\!Y[_*>H/6NSE4KRB>IS-:2.MBDCN]7OI(KR>!HU\CRY5PBMCAAGKTS[
MUK>'_#%Y?I'(]SD1L1+>O"&:5=V=BD]1CC=3/#GA*?794_M=A/I=H5:&8'Y[
MI@.22."/7J/2O38(E@A6.-0$4855&`!V&*Z\/AW\4CAQ6-Y?<AN4],T:QTJ%
M4L[=$(&-^,L?J:O%%V]*>.F:S=0URSTQU2\%R"XR/)M)9N/<HIQ^->@DEL>.
MVV[LS/%KJHL03DO*Z*!&)"24/`4D9J_X<M19Z0L7E-"?,8['A$1QG^Z">,=.
M>E<]XCURRU+R([#[4)HUED!DM98/X"!AG4`G)`P#DYXK;\*2S7&C^;=/(TQE
M?=Y@VL.>Z'E/]TDD4P-*R_X]#_UU?_T,T467_'H?^NK_`/H9HH`2]'-O_P!=
ME_K61XNLQ=VEN#>QV920L)&N/(8_*00),''N,<C(R*V+[K;_`/79?ZUE>*6N
M%AM6M+>>=EE.3!&C%/E(R2RG'7J,=Z0'D$^LW>@>*Y[BXA,VD:O,D%NP*HMM
M.L48`X)`1Q@CG&1R:UHK'[#(MM;VK>5=;U$B,-T!.`3G'!P``01GW[6KG2;'
M7M-U/3K\>=:7+A)7.`5PB8.1P"I^;V^E<]H^IWMK(^EZS,T.HZ*J.\J1Y^VV
MV3L?'X8/N#[5Y]17;:/7H:129LQB+!TQQ=/';!6>;S<!VX./E&>/QP!VXITT
M2ZM<A&LVC>U<>2[OM5V/0\=B=O*_GSBHKJTL(8F=;B>U2619@RDDLS<[?88/
M/X9J=WDM=61)Y(G6='%K;JFP*BCY@3CN1QTYYK#<Z=B$G]RM_)%<6[VZ%1;@
M[?-)8'D``9)//'.,C/6IQ*;57O4M+B::<*S0LY<C@=/3'&<>V<"HEMX;C?IU
MW+/-M87$8QM$8Z!0?;)&!TQQ1#`[75V-,O6%W\I;S4W+;Y!+`<>V,CVI=;#N
M-CLCILR-;6AECN7(9E89A.W&\X!QC=D,#GKR>,OAMXXT?2'6ZF0(&DF63:1E
ML[,@9![8_3%1"5+K389;.9HXX,DRI'DLJX#+CTX#8]L4MW!8FRN+SS);9+T)
M.9`22K$C``ZC))SWP.N,4[A82],.I8LIM/F*)\R3E@!)^?89]R?:I"F8C=RQ
MS6PL3(7C5POVABO.>!G)P`3G.""?4G\R"[MTGN5^RW*".WA";2^,$DGW_7-#
M0PW#2:?>O.ZW*+-%$HQY04@X5N@X+'GV[FJ:C96W#0D\S8'U!K6:266,;K>2
M0D$?W0/7D]`#STZU!]F-G.+N"R,AGD5G0D':3DANA``))SG(/H.*'F@MKV[E
M74([2?RP2+CB.`X^\">,^I///>L&3QOI$UJ+*PNKF^NU)'F:?:,[9!^;G`7!
MYZGO24'T)D[;&Z42S5M,#W-R)Q^\G>8H(P6/5L$C\^20>A-/;;JL2V,VGSQ)
M"1B65P=K#C[V/F'/7!)QDX.*YFYO-<U6SNKNQT:'2H;I%$ESJ$X=BJ\'$*#(
M)`QR?7UJ1?#>I"WLY-:\5WMQ:3!%CCLD-M\Q7H6P6P`W7.>U;6BHZ[DJ=]+&
M_P"2"K?:8Y+&.Q9G9E<)Y_&!D\9'`P23UZU1N_&?ARU?^TKO4X5NC'M6V-T'
M)4-C&P`XSDG.`<?C5*+P%X>:\\K4XKF[DN5;RA<RO,8MO4!F)')K7T_1M)L-
M8:+1+>WM+X6I$<"VR[4P1AN!R<'GO6<5'J#YUY&#%XICO9VOM`\-:IJ>_'FA
MXA'".<;0SC!&>IY]>*<;+QA<7"V=W=1Z5;7H:246K&YG5>!M\Q@%3([@9XKH
M9;E?[,N(KF_V2V\A6:\.%\M^IP..O3BLR[U)M22:YTFTGW/#Y;:A-\D2J/XE
M7@D^F*3J1BC:&&JU%=[?<B%/".@V_P`M[9W-_)Y7F#4-3N/.>,J<!07^52,9
MQCVQCFE?4VO5:QT"QDF%O*"+J.8)%M48&7(&0!T].0.*$T1/LEMJ&M:DVH6I
M&!$R$*S$'''J,'.<GY:VW@MX+AK6;*6UZKVZVD*XC1L\L".!G!//J14SE*1N
MHX>ALN9_<O\`@_@<^=+GUJ6VO?$UVJVR*Y:!\I%'V7:O4Y/KC.#UK3LTC.D7
M>E'S8C9_?D@C"Y4$XVXP6/UQGK[U/%9)/JDEG-(CV\=L@:WD.78@\/D<]<Y_
M*HGU6:6T6RO&.FW5QO:&9,&-(U]2"0.XZ]AZBL)6-?;3FO>>G;H2)J<=N8;Y
MK^X6&X@\J""9"RJRC[[$$Y[<CKFI=$L[L3O=3ND)E`DDCB3:DDG(+8XQE=H)
M[XI\E[,\%R)HXT2")?(OY`&61C@9QCN3VJ#1;^=9[6V:]MKU9S)N$0YCVY^;
M/I^`KNR]+VC?8E:LMZS(ZWL(F:\6S\MABT.#YF>-V.3QT[=<UFNU_,(H[J.V
MG(95N()XU8LVP%>HV\9YZ#)KH)KM(+M8Y,HK#Y)"?E8]P?3^M8NJ>1-KEI<V
MUZML6;9-)(,IC!(!4\#(QR>N!7HXB'M(\B%4O;0Q?$UO-!HMOXAM$DT^]TNY
MAG\R3!PH<(Q*GEOE=LCY00.G0UZ"@%E>:M]G_P!'R!(U],NY(S@;NO/'WMN=
MOOUQR-_8MXA\$ZJDTTD]Q=6TJ!P<+(P4[6`Z=L5OZ'J']J^'-!UX>=?-=V<4
M$D<391&*G=N'3[_!)Z8%?"\2X9TJ=.<NMU^37Y,\S$4^6=^Y<5$U!-*BN(O,
M3/G"\48CE88ZJ>I8XX/!R2,TE\J7ZZINNS>6\##;9HA+)*IY&0O?@;<$>IJ2
M\DC2T:TUI/[/L1-&L#1."6!)X)Z@Y].@/6K<QF2[N+-D@L[2=-JW*G#RR/Q]
M-W/N37Q?-JI+^M4]//TML8E>2YD;4[*,&,!H2PTR2/$@X!#$CA<$;>P]\\5%
M&(+70[F\1FTN6[GRK3#<R-G`#9!/_`>1Z4Z#[9963PV&FR2W%C(T,#W$F04S
MG`;JPVX/UX[5*GV>>XU&:Q'VN_C(W6\[?("#E>G&>O/6B34=.FGY]?)WZB&V
MZFRU6YD1&:1[97EOI8R(E8`9Z\@$<[5./7FJJ^7J.G65K<Q?;HYIMS:@J[$8
MKGYV&.<C'7*D\9XJY<2-NMM5<2W-S;L(98+<G]T7P2"O?JN<]!S45]=16MA=
MPZO$=,TI8U8312C(Y.X$]@.#QVR:N+DVM+O_`"TTZOR2&Q-5:&XGU1)K[-I;
MP9EM5#9C<`$'<!\H`QQSFN4MM2G\27NE>(CIN-#LI-FCVD["'[1.5.;E\`A0
MH#!..ISQ5F[N#XTTBYM;&*72_#DH4'4'&R74PHQL&?F56^4;CRPR!UJ/PSJE
ME9)/IVN`-IKB-K)98S)&A"G**`#C&.G:O5I470HR=KS5M.J5K/;[3^]+3<N%
M&52+FMD=));@LGB=I0MOY"WQ@\OYL^1@#?GI@GMUKG;>\GO=66[\O48)IYR\
ML)9O)$6.,'`!Z`COD\UT'ESMK`N$65M%>)2")0+?[/Y."-F?7':JD%Q;2F5+
M61IHD`$3,I&1CW[CC\Q7M\+5*<<3)2=Y.*4>R7\OKZFV%Y>>S*]]96E_X2U?
M2GM+B^>Y5HY%W[C!N^:)USRJJ57'/4#.,"H?!$S7?A#1;@6CS'4+-1)<H_S1
M2;`DC9"_*W7D<G/.331(;O4]0@0(+HQFW@A5L2'`\S=D\'<-V.W2N7^'NH7>
MB:QJN@W9N+6*TU2>2Q^3S))55U,D!QG)`>-_H['MQ[.(C:O5I);6DO-/<XL3
M#V=5GI";74Z64NYDMBLC723E0SXSC(!)Z].>_MDG@CUBX"O8M&;.0>3(S!$D
MX&&XS@$@#*@G!&&YQ52Z73$T^:6.YN+));GS@Q!+;SV`Z@<'/?C!Z"K\[R6>
ML+'/+$1,C)9VRQ[0D0Y8,<#`.SCWYXKS&TI72,BJ"1;KJ$MM<VWV93&+3('F
ML6!R5``R2S9&.<9&<#-RV*6=[;S1VUPXGG5C"Y#>07X+J.-N"<-C(R>W!J`6
MD$YDTZ\EFG>*07<:F/88U`PJYZ<9(QP<CBF&%I5U-=/N2]T-K$2+D0?>9@IZ
M#[N,_GFA-7U`N7UM>S:@;6SN)EG4LSR228#,=NV0XX(4`@IW!Z&K,36$WV^W
ML'NY?[.D$A@C.S:RY^13CE20?ESV]Z2-[?2FF,-PP(F4W+>23-,2H,:+_?..
M,]>*F\^,V"RFX><S3.Z"./R]S*"5B;'0Y&.>21BL5HP,58$U6-()K)4B1RT3
MPMMC'0$`L,\$]0N1V(QFA0YC:[GBN+1K'S-T.X+]H^7J0``<D@9/W@IZXYM2
M7DMWHK:KJ".DNGR;T*J<2*P&Y"I],E<^HS5=8(;LRZ9=7$Q2X5;F")5VF)$(
MX#'CC)&#Z`]36RJ6`F\\PHVIR6=[-/+&NZU=BQP!T`P-I&>W/M7/^(]*@LD3
M4G-Q;Q-('ECA<;RW51D<8P6Y+-6W!&9-2N5TR[(OC&A$#H6CMSP#MXY..Y/?
MFJ>H;=0\/J]M="-[2<.]RB!0"I`=<=@=Q(S[U="7+,TH2M43,8S3Q7DT=K>N
MUU?+YMM%/&0D&>W?!P&QT''(/!J">2WM(Q&_V:>UE4V]S:VT"E#*W5BO3TZ\
M]0!R<6[R_N)+&=Y4CTZ<3"**:8!MRY[?E_*DU"0:0I>*T0V[1-/=/&<.2!U"
M^G?`]2:]*&CN>]?W;'K6B016F@V$$$*011VZ*D2*%5!M'``Z5>[\52TAA+HM
M@XR=UM&W/NHJ]CFO?W1\G+<2@CGC^=*.E)R30D%SGO%LBQ+:RS"(QIYQ831^
M8A_=MU7O]*M>%Y(Y_#EE-%!;P;X@S);J%0,>N`/?\:9KUK'?WVG6=QO\F9ID
M?8Y0X\I@>001U[5HZ?86^F6:6EDFR%"=JY)ZG/>J`++_`(]#_P!=7_\`0S11
M9?\`'H?^NK_^AFBD`EZ.8/\`KLO]:BU'3?[1,8^TSV_EY(,$FTDD8!/KCJ,U
M-?=;?_KLO]:LX^8&@#S0P_9+^\M0QF\FYV`N,O+A$ZG&,L?;MQZ5S'C*T>&.
MW\3:>IENM)W/*JX#7%NP_>J!C)/.\$\?*>YKKKG']L:L-VT?:VRW<?(F3SZ#
M\,GUII!*E6&T-]Y3R!VQCV/'_`O6O/D[29ZL%^[1@V]RM[907]O!-<VTT,:P
M6T4(RO3]YG..G;TI[B;2V!1)+J&X8%&9LF!>AQQQQN'S87Y>>@SS&D!?"GB"
M_P!%N#<2QL!-IRC+*L!;#(!_L/E?ITZUU-K#;?VC-#YANY3AYXI&+*IX&WI@
MY&>3T/!K&:LSIB[JY##)=I,MK.[2W%Q$Y2XCA^6($\'!Y!XR1CC('/6IC8O>
M+]F'VJVF@(_TO`3SS@;F'^!/&!UZ54C6,:%-:Z7]HG+3^3+@_O(B3R0?3C&>
MA!.>M5=4UC2[.SEM]7N9[6*!EC58WS)._P#"J`#+G/'MU':E9MV15TM674FO
M+ALK&EC%"YDE`0D.BC<2.,`\'D''S<'@URNH>,[RYLI+_P`+V(O-,TN'?=R7
M&!&V&R0F#EFVYY^[P>O2M#_A&K_Q>4F\3(VEV*C]WIUO)F648',[X.1Z)VSR
M:ZBST^WTNVGCWAHG7#EE551`,!0H&U5`[=.M>C2PBWD5&G.HK['(S^//#FGW
MDGV753=I.05)+&*!N2!Y@&T.1V![]:JV.M:MXDU&Y>QOWL=$MI=BWT%F':5R
M%`QN'"@'&X!O4D`@UVNG6VDR6"6^G1VTMK$V"BJK`/ZXK(NXUU2WU5=.,\L&
M52:TCQMESA-PXZ`+C`^]]*'0I4O>F)T7%7E(KP>"]'FU+S98[G6KD<FZU64R
MQ*_]T)@(3]!@>HJZ+.>Y<6J0K:".10CK&=C`=0H`P.F>#CL3FI5$*6\VF3//
M;Q6L`$L^_!QP1R!R1T],#`/!IU\+(Z9;7,S2B-64B9"=['H`<C)!X)_'V%<<
MJ[?DA/E(H)9GT]YK>PNW$+']QG<)AGWY'.>YJQ-%-9`W<4<TZ2XC-LY),;#D
MG:`3N^@[GG'(IZGJ=GIVMO->F5$MH0L$:/GSLC.0N,ELGCZ#-9\<^IZKK#+:
M@Z;YD:J?M!+,8Q]TK&.!^/3TK*=3F.F&'G-<TM%W?]7-2?4TT?RKS79BL4LA
M,:*G*<=\]3],U2CFU?6(X[33K:2-B`TFIW<?E;O0(O7Z<]ZEM-(L;!;Z2WBF
MO]4@4`M/\[H3P2A``'KQS5J-H4A;3)'N85C@#RSN_P`T:G!/./O9(&.G;M4*
M\O(:E1I/W5S/N]ODO\_N,R'P_(U^T=V7N;I64)=W;%D)Z'"@8'<9Y/!)Q6[%
M/]IAE,*SK';2$R1-`"UQP/E&#Q]>.U5KH6,FA&XE>5HD`47*Y\S`/7)&2#T(
M[4ZZ5C?I.8[@VMK!YRO&=J2$XSD8R>W]:JR1E4JU*CO)W_KL*\3Q*U^D,K(Z
M;7LI2?O$`YVC)R.O`)P/7BA[JXM\7=T))86ECVPJN6C;&XEB>HY/0GD]L8H6
M2UGN[69YY//ND*);GO%D_,0."00>.A`Z5'++8V5]=PM+Y$LFT,@`,<8)&2I'
M`!Y/KT]Z3ET,[:Z$$CS+:(]G<6HOKO,LC7(VEH.<*``>`,<=QFK"MI<'A:22
MU26ZL@VTH`2Y)//ICGOVJ)?.C)B66UO]:C&Z/S$Q^Z)Z=NQ_6K%K9RQ32QB_
MN$BE8@>0$V1L>0$.,+@Y7'.2`>,UG"'M'RK<[%HBC=Q::)KJ.)9MRV(WP.#L
M51CC'][^M3:=+F^075[$JW'_`!YK993S`,CYP%!'&!@G.0?I4MU#>V,-J9[T
M-;1.4GED^9ID(/RL"#GC(X/.:C,#7D?DVAM[&S^4V<\1&[/<>OU[U<G4H)PV
MN3LR>XU$6MQ>02PW$T-K$991(@8,..%/4'GC/H>E16,OFPK*1)J/F$R),$`C
M$.,HAYR>.AQUJVL\<VM+"-0E/V./]_"R_(YQU)_$9_#&.<PVT#Z?]GMO,C69
M)6@VQX3]VQ++],<_K731K2DFF]5JB9N^IK075O<PK+$P\D9&"N,@<'C\#7._
M"Z:,^"A;6=W]CL-)O[GSG(+&X7S6=>F-HV,O0DDCI4\5KITNBW,<;?:[6-6W
M3MS(5X9FY&"1R<#J,55\"%8_%GB>RL(Y62X6WNK9I5W0AFB"Y=>N2\;?,/\`
M"O+X@J?6,`W:W*T_T?YG'B9N7*=A;R7<&GV\LQ_M19YL07`(40Q,,*QR"<\<
MD#KUQ4=T;:(2)<&35+ZSN%F".?+,?("/R,8X&2,YJ:2V&EP6E_(DUQ=V^4DM
MX!\A9NI"]CC."2.#S6+<^+])ECUF%=06_N0N\6VCQ>=.L>X!0QP1OY_#DU^?
M0I3J/FIQ;7=7[I=.EM]KG)=(V'BO%O(;0:TO]HRR&=HRK`>0=NY!VXP,'CC)
M(J:XGDD2XEFCETNVM)<2JOS>:O4MA!P.GS`GOG%<V9?%NKVT+Z?HUGI$,6V,
MS:W*))3A2"[>6>N"`.0<FH5\&7NI6/\`9.O:G=:G]EN#+))(K6]K<!L;E=%.
M7*D$C)(.>];/#TXI>UFET=K-_AIVW>@N9]B2_P#$<BZ@^G>#--DNGF,=])-&
M^+>2,@9=I3\JH0.V6."-O>I=/T$Q74GB6_NY_$Q:<G3S)(4CM(6)Y\L\`@Y!
M.">E;:VMI8ZE!:Z?&?LYM3%''!&GV:)0<+N11SEMW3I2M:RVEG#>WFZ;4;5C
M(UO;?<D9B<84=LEB">>>:'B80@HT5:ZU?VGZOIMT:^8E'74CO3;()[6^274[
MJ(I<0VH!0JBXY4D`-@]2.?;/%<)J$#:=J<\5SN%S;[I!)'UB1OF7:<#)QCMG
MBO1_*EE>^EO)H[9+I/W,8C'G!`HW!LY!(YXZ5R6O:>9=)L-1:&\"Q,L3K*2T
MH96)C8D<$$9''8@5T9;74*O(^OYV_P`[_P"9Z67U53K<LMI*Q>T+7&U"*WT,
MF)8/)6S89Q,0(,^8.<8.!V[U+K:P^%X+(S7>^-I7DDGN\9VK&J[5V@#)`'8]
M*YW0]0?3;R6VD95_M!7A5@Q.2V=KG^[@D`^QKK[2XB\)::1JT(C\Z0NB6Q:4
M(%10S$]O7\:TGS8'&1JT5U3Y5U?5_(SQ5%X:O;IT*-Y-%;0K>@Q?:5P;=F3)
M+9!5>.<$@9QVKS[6+J=M3\0:DAT\7-K+#K5D0^TSJI:"98]QZ,L?S#D_,*]$
MG-G9:VT-S(B7`8BV1F'W&.1@?B%_#ZUAZG<#1/%FC:S/%OTZ$2:;?!4W,(;@
MYA.T]A+Q^5?>5JD:T:6-IKXE;[[-+[U8G&1]I351'3:?/!<Z7:ZIIUK--87$
M4:Q65O;C<I;!\SGV8<?C]));>?3&6-8Y[Z.YD!BW,6-NAP"%/7!!(RVU?E&3
MZ\;X-E?P]J-]X7NGU`W%KDV2S0[_`#+0_P"K.SC!!W+UQQP.:[+3E$VHW<<M
MI=,9U,[Q7C$QL<C(7((P03@M@\8Z'->1.*A4OT/,N)%+<(4AO9'>[N879)XX
MODBW$<C.,'(R1CC*@]S27M@U_926N;FVFA"AKIT*+<<?.V%()&.O(QCKVJFU
MU!%IG]G:=/<7%U<7)MY`1B5"1N8AL?[(`Y[\]:NO#]KB6QNX[RTCY".0&DF*
M=QLR6[Y)`Y`8#BLE*TK@6;R[@6WM8;V2\ECC'$A`#.(\`SCN-K,!GDGC&>M7
M(99;:WAB@MKB,QS$31*HD8NV?F+$C*'DG')K*LK6VDOH5F65K5C@I<,[>5-\
M@V*6`;!YRIR"%4\8-::/+<+J`DU![N*XE-O"MNNUK?J&&?8'KR.*S=DRAYCN
M%U"&YNKB5I7!A%K;G,4G/+]<`8YP?S-8VGW7E-'&#-<"2:5+24Q9"H$`5CT&
M<`'IT]SQ=2!+#0S;612[-Q,=CVQ$<:.&'`P?E/!/7DCWJKJ,(TZVF?30;BXG
M4P3-;C!67G+#C@A2V,<#GCFG3DD[,1,]E/=Q_8S]JCNXU7-\$,8F?K@8.3Z=
M1P<U4O(+[6+:6PBAC@1LQL[QDK.,'<V=O4X!^4X.?O`DBA?LY@N-*>XN;:.U
M0"XN"P[8[A>3G@CGT!R*DO?L1T^UO;LRQQ!PQG4DLQQD*3C<RD#T..?:KA/E
M>J$M-3F;`Z3+)?S2.Y1&221;E0%B/8+^)(]?3BDL"&O2VIW4,VHF)F@$!8IY
M9&1G*@>O'7%7]7B6SO9?MMQ&-,@9H9(73/F;CE3]=I'3'2J;6=U<H-S0V/E,
M/LWD`$R0@9VGGITQVY.5/%>G!GT$7S13/8M*/_$HLR.`;>/_`-!%6L_-5/3&
MSI-G@<&!.?\`@(JZ.M?0+8^7EN!I!UI:.],1E:D,ZWI/_72;_P!%FM0+CGWK
M+U'_`)#>D_\`72;_`-%FM7M^-`%6R_X]#_UU?_T,T467_'H?^NK_`/H9HH`2
M^/,'_79?ZU;[BJ=]]Z#_`*[K_6K9ZB@#SRXS_;>J8`)^V<`]#\J[?SQ^GXU%
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MZRS',8&C^8/G[I]_7_Z]9!:XN;+^SY)_M$]S$S;50D[0V-P'''`^7/(S4US-
M<?:(&GMI3%*QCAC')B)`^9QC`;!!X)'!]#3`K;7TMIKYI3`LCW:Y!`+=`>6!
M]OPK"MB;M<@YU+RM$A=;R2\6>%K,O-&J2^62JQQ`]>>2W/X<]:N02K<3K]DN
MMT$$;1R1#C!50<[L9&..`/3WK)U76-/N;AM.BM[JYNH6!VVNTM(?<\@8SC/M
MFJ\=OK&JK/-?2RZ/;6_F&2VM1MEE.WG<W3/0#VS7)5K>T9M["3M*J^5>>_R7
M4O7'B2QM'\R\NEN[*9<06B1AWQZD$=,Y_P`C)I?\3B=%^W7$&DPROB/:FZ8J
MW(7T48Z9Z5H6%AINAV\E]96%ROF1!FA*Y9N>Y]>>OI]:>8!87"WK6D\J7$RY
MB=1F-CD@XP<8/\621C%<_*WN/VM.EI2C=]W_`)?\.16FD6VF0PPV1"ZO<H^R
M=QN=@#R<D$`X.:MRM+--'#&%AN[94:>1XQB:/@`*>H'?!]>*0(8"VE-/?3R3
MHSF="08TR>_4$\=NN.QQ1-&FH@:>T%V3&%E$Z]"3V/7GGDX/(/I5))'-.HYN
M\G=EB"5)[^..RNAY<19)8CDYSTR<<8_&HC<XLOM@WW.D!2%A6($D9&2,CUZ@
M^N,<9J.W1YO,CC2YMS92,TN%QYP"\<@#/3@GK4T=PGEIJS)>E1!\EOC`VANH
M'3/3GKC!-"9"28U)8[.%KVXN(UAE.ZW`&S:A&`I&#^7XYH625(8$:\WWTKLE
MN^T@L1R,CVR?SJ"6".`MJQLKETG*F6!TW'!(_A((/0=3QSZU*TS6,YMWENYF
MN][97YC`,#N>?H1CJ*H6JT(+RXG#QZ;L4:H1N\XQ<.HZX[@>I/!QVSBG7\4-
MF))!"UXH4K/;J/E16).%_NX)]^*LZ.DYC:<B01,I56G_`-;+_=+>@``X]<FL
MO4;BXTG6;J.*:\BBO(0T$L<7F1I(#\^0.0>1P!SS7?[*5&ES)7D=,:?*M2W;
M&2PG>\U$0I"\(6!I#^\+'D(3^%4K2QFN9[5($N;"W64_:;0#(8X&&W9]`N./
MX15F:;^T8K5;L6]S:*7WO-"Y<.%(5RO8'GJ!Q6E`EU!HKR%FFOWBWDR+C<Y&
M0N!T`)QBN?#4)2J<TU:Q:5QUS9W$^BS6]P4DFZ)(5^]C&"1ZGO6+JKRB;3X+
MRV@'E@.HAR73H"1V`&`<<YP:FTS4V744C^TW=WYEONFAGB(<2Y'08&.IR.@Q
M5R?;<%K2YM[B:2[4DR(N!&`>$_#'<'Z'-=F*Y&M=R)R73<HM:WJ::]K>,VH6
MH@,AO(\+)(P8LJC@^H'/;)[5%J"2LD6I,EO%;Q0`0>>2'!P.">>1U!Q_.K46
MFS*9=/T^2>QF$:A;DY>,@D=!@==W4`8VMV%<_K'BMM]GI2:6VL79!WV@C#2.
M5Z/G/R+TY;WZUY48S3NB'4BE[QT=K+$BF^DN+>*V1%*1Q_+Y3*1N/T).>>H(
MZ8KB1K,U[\3=WAJ[CO)9[,Q&=F\N&+R\-M+`$R`(S@J.2<#-6;?PAJ.O0QZI
MXDG4M*=IL;9#%$=KG8)#P7&3C)('(["M._B@TO5_#&K#?;V;:I#"EH1M2UBF
M0QMV&"I9.G0J<\BM:M.,J<DU>ZVZ'!64I0;6QM+X"TBV+ZEXOU6^\0M<NHEM
M!F.!9".IB4@D`8`W$]*WM/TV/0YT&C:/#%,LD=M=/'&L2&,8Q(`.IP?YUJV%
MQ$NIW&G0Q.MQ%$T:W#-ND^7D,X/3.?E)SFL35O,9I3.+EK54CB9`_P`ZS+DA
M3C);=D@=0<@5\?CXSKTK/ITZ6]%8Y8,&?0I_M4-Q<7$T%U=O&FX_NUER#L7'
M/WF)&>_M5Z9&MH[BTUJ3[7!>.%AMT0DX]"W<]#V[]:6:ZSJ-@FVW\AHO,2PD
M3;.&`!5\'IM*D>GOTJ%%2+1;K489&L9+N;=&UY@E3V!W=![?EUKY>2<K7O\`
MGUT]-M;;FPDS)'IPM-2273HH[Q(;+R&^=P%'/`P,Y8'VI8X8;IKF7P[/Y%\I
M6*Z:;)\O:2<,O=AC'7H:=;@VVLW&6\ZXEM1(URX;R(V`Y&?X`>H`-0(1J%E:
M6LJM-+=3EWO;/B*0C^)B.H*[>#P<C%.S>W_`UUVZK3J]Q$TTZ3WIU#2+`W-\
MFV"5S\J[<C(]R!56\DT60ZG]HO+AHY)1&3UCMY=N1M]\J#]0!5O40)Y[ZW-[
M&MJD.7AAXD23C'W><?7K]*&ND*Z:C""&!P"+*X3;-*PS@A3TPP!SZ&BF[6DK
M_?\`/=K[K?>--J5SSVXM/LDOV*>*51'NS$ISG!Y4>@Z$#T-=AHGD>(]$QXAE
M#&"8QPD/Y99"HP#SR<#'X5DZ]IHE%UXB@62"*XG$=TEP<.F/D#KGH"1C'L".
M*Q]/TQM0UFVMX93%YT<D)6X0MR`3N'^UC.#Z5]%74,5A^?FY7'KU32U/=KN.
M,POM%\43I-=6^U+7/LDF%MF=HV)MB/*5&5HRK]"QR_/:D\0Z>VK:3/9JR*EQ
MB&8LN<QLPR1Z%<!A[BMZ_P!2EU'[7I=M!+$\:N8IV(97:(H2,=1RR]?>L75Y
M7-E$T)D2UED47$D2%F2/L0/3.,GL"37T?#]=XK`RPTU9QV]'JG]YP4+3I2@S
M"L=)U#6=.@FAUB&#Q5H,TVG74]_*'@F1<$*T9_@<;#QT-6I?'6G65XEIXCBA
MT"\VN)HYB)([HX(1HYUX91G`#$$8Z&H=,TV;3O&NF748TV2W\16KQ!YX&PTT
M;-(I8?WBK./^`UUZ6PO((XHVT"1+HM&@%L^'PI!'/Y_6L%B8NTFKK\M;/\;G
MCM6=BUHUQ,\\4UE*9K&9G?SE53"T9SMD60#+2'@MD^OH*?<16\H34Y[QIEM@
M';;'AI51]R;<G@9.">A'I7GM[HUMX`MI_%.@744"V]PDLME:;S!<VS%A*FQL
M_,-C,&&.E>B0WUI'JUM'&'NUG82PSO(2P63.-B_Q(!U[#BL:T5%J<'=,0EQ>
MRSQK=6[R-]I`D@18`)H8<?O`A.06Z'GCZU9CDG;38(M0F:!IFD3:4&Z2(@_,
MP'"MCDD<`U2U!=1%^+:TEF:X#M(2[!0Q.W8X]44!@5ZY(..E6%-F$OH[>[N)
MQ8R"7RH@=R@9)CR?O+E3D>Q%8[%HBM4%E.^EV5W)]MGC29)U@S&%50!@9ZD+
M^=5[HW]TS?8H9#%'*LL*I&%B6)1DL6QD2YW#'((.,=ZNVMVEUH_FP12QP6\V
MZ1+1]X<?>^1NX'4@>XJE;O-!:2:EJMZT*[T:&>)M^^1B=Y51_`5"_*>ZDX%5
M&?*V["(3>K]C6\O2UWH\L:I"BPJQ9?49`X)[?D!CF:)DLH&?4+N+SYWQ!(B8
MPK!2H(`_AY].F.:=<21:->W$VZ\N8#`KQPJ<QK'G&!Z$$D'V(]ZK2V4>G7"W
MC6,TJ7,Z_)*@8QL02#C'&-W7)/&*N,MR3)UBTOHTBCB\BZN;M5:7SU`WJC%2
MQ4<#C9[]:HW9AUF\+6"`^1`R17T9SY38Y!7VK4UB6YTJ2WT];E[F_>"22-KG
M^++#`R>AP&.#64MT-%,3R/;Q6\X,<T%NN29R.<_YS[5WT)-Q/;PTFZ2OYGL&
MDAAH]BKG+"WC!/J=HS5^J>EC_B4V>>T"8_[Y%7*^DCL?.2W"CO24O>F!E:C_
M`,AO2?\`KI-_Z+-:O;\:RM1_Y#>D_P#72;_T6:U?\:`*ME_QZ'_KJ_\`Z&:*
M++_CT/\`UU?_`-#-%`"7WWH/^NR_UJT>HJK?#)@_Z[+_`%JS_%2"^IYU<L5U
MK5BA^8W9!/']Q,#T..2<^H[4P%4`96V+&H*,21Y8[9)Y4`9R<GJ.,8%0:]JM
MEHUSK%]J=Q'!;17;`L><G8GR@#DL>@'/2N96QNO&T<4OB#[5HVAW`)ATY!MN
M+OD#S)C_`,LXRQ`"CJ3S7G5I*#<I'I*:C!6))M;O_$AFM_"!,5BBN9]8>,,D
MNU3E+8'B23;P3@`$$\UT?AK1=$TKP[''&BVMM'=KY\KLS_;I"RE9&?[Q;<0,
M].",8Q6S9&&PL=-LM-MC;6MN3"MN8OF23!X;`^5>IR.M.:6:SNEO-1N#;6\D
M?E_9-HVPN",R`]`HY;)]?85X=;%SJNT=$8M\[.!U>UD\&ZI=:E9NLNE7$K3:
MIID`8_86/66(XP1U9U!]P!5Z*_&IK)/I<\$@AVF!VD^7#<ESP1C:.">,FK$?
MB2&]N]FAV<^M2"5OGD`CLXY7R#(6QGYLMP,CDXKB]+\-,NM:CX9O)9+>2`_:
M+>%,QQ21%B7VYY<(V1Z`8KT\-C*DZ;I2>QZN'A*FN6O+E7X_=_F:MWXAC:S2
M+1!)=3P_+/)"@,909!#9&`N1GG)(XXS4#Z-<:E!-?:IJ?V*RNF\\1V^YHB3]
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MRUD)R,`\=A^>3UJM-?O;Q.B11V444JK+-*A"R9QN*X'WCMR`.O%3%LDGN$T]
M[>YU..ZEMXKA`\EP7S'%MQR`,'/&.O`SCK26T]S>ZC;6ELT8MHK;SA(0'9V(
MPS$$9!;)].YQFIM+-M>1'S(F7[.>+>6(HR9)(9@>I.<CJ*MP);6MRT-K'%%(
MP,CK&F#^.*].AA5\4S:%.^K*3Z<MVESILE[.JMMVI(B'`!S\O&<9]2:I2I<Z
M=KKE;^V/DV7FI]J4A=X)7=UY8<DG@C?Z<5K7NH6-M=K]I#%XAEW6(L(@W&6(
M^[FIY[:TN(]U['%+&G[S=*`0OOS72Z%-JUC5TH/8Q0VI'PX+U!&;B15G\Q4V
MNN[ECMQ@\=O7M5EK?S0^JCS,"W&\%U"-M&00`./Y#G`S6C]NA01F(F3?C8$&
M>O0'L/QK+2^ENH9/LR&TAA=C+"L69)!CH!T!.:YYPH4W<SDH)W'Z=J]S/=VR
MW#6<B7<!G4VSG,6,<'/##G[W'(QCO5TZO8QW;6\LL:L"-N6SYA]!CO6*=-@M
M?,U.&T:6&:(![>6,;MY(Y.,E6'!QC@*3T-6A=M;.D]]'LMFE0)'''APY&XAA
MQCEC^G'6I>-_EB#K/9%>>1+37I6T>`M?WZF6:>=&(P@R`!QU'/'89YJUY]U?
M0S6DLRQ72#RYA:,2L;'.#N*Y/3&<#'O3VA>1Q#*S?:IPQCO(8=J1*3\HW8Z@
MD$XZXQ4#M=VYFM(X`+K:!)=R+E';.!D],@,5SGJ.>]<\L1.9FYNXZWMK"<"Z
M6=WECB^S32QJ-FX#EF7:"2.O)QP#[5').ECHT-Y+>VQTN(^9<7<GWG.[Y=I8
M$<8`&6)'<FLS5O$\=G.=*TZ"6_UE)<R6<$>XNH`#9/\`RS!QU/\`A56V\/7-
M^L6M^*%:ZB@^=-#C4K!`<8&5ZLPZY(YQD5DD]YF,I-_#N-GUC4_$%VL>C2'1
M]#NF$+W]Q'DSL<*Q@5AU(V@,0J\<"M?2_#^FZ#+;V]I*T.[)EBN"6DO6`SO=
MQ]XY``&.,<8/-67OKB.(WMU$([0!0(DC_>(Q((!'!QP2.>>`.I%6"%:4K<EG
MDG=OL\T4.%@3L&;&`?\`]5*4I/;8(Q77<AQ<W$5W:7SV\FHL,LT*_+$QP$;@
M`DCY21P/N\D\USWC'R+_`,$WVH++(MUIV3\C;<.)1*-P(Z\GC_9KH'>[LI#;
M^4TMSL)>]E3(;D;0Q&1ZC)YR5'3)'->*P]QI;^'XX$.HZC=V]H)$3'SOC?M[
MD!1G<?<]"*NFTU9OS)FTH-'J]IJ,]U>'35+;#$<3ASYF=@82$],$L0![&H)'
MLDT?[/%>QI8S1NB&!'9FE[N1R5"G!X/7'(JU)'>W>G1M%<R64$:QR+/Y>U]@
M'*,O7/>JM]/;WNI*A:[25XPL<<:A&4."3&Q/]\`G!&>.HKYJ?O,\Y&=::C]@
MMX+>2QN9M3MTV1>9)E74`D[9!]]2HR,YZ@<'-7PMM//J,]O_`*=<HREK&7:J
MJZ\J<`<'KR<]*KZM)$)[!XH9C&]N8;9HX23;NGS`N3T("L/SJ3[7'+%+-;*=
M,M(9L3,4!,J]=_&2!TP3VS7S./PWL9*<.OGY[?Y6-HNXZYF=?L>K71G+(!!)
M;6^6V^80?F4CYOX1T&.3FH[F=(]/FLKV*72;!54+."O&6P1@@A0,\'TIMNG^
MFW,>E$VMN9TNY[F9MRS@@<H<]"`/F]C3HKF6+2VO+O&K6DDP6R=%!VIS\[YQ
MWR,\]J\_LETZ?BO*^_R*+@WVE]Y,%K%%!+$&>_D?+R,!M`;CEOJ:I6X:RBFM
MH+.ZO;JP8^3),Y`)8!L;^NTGL<XXI+Y;<Q7,.IR2WDT+QS):P_*0JXP0.`P!
MZD4MR=59T6'4[>*^NI-]M;,>!$%^88[D?>SZTXIV5WOZZ^??:]^@#T2SU"YO
M796N;@VT>_3IMJJ01N0,,'/(ZG..E86KZ1<P:6-5T<?9;V)E9K2'+^5SSM[Y
MZ]N?:MZYE,DU\EM"^GBW<>?.T8+3@\[AC)(QDY[8JO%Y<M]<KHS-$;H)-)J$
MKADE4?W#G/J/;%:TJU6F[K1::=+::/IKZ-FD92C?E8^]-D$OGT95CULV^\B-
M/W^#C)PPZ_U`K/CNUMK6U\X.L1"J)3_#P,%O3)XK0:5Q%>:DQ_M&V60I:/;`
M>8N6(DRQ[*>.O1<U0NI(M.#6MX"3Y:[552_F*PP`"!\W/!Q]:^PX5K4Z5:=&
M3UE:U_+I\NWJ;81I-IG.^*GO+;PRNJ2W5ZD.DWMO<Q2%5!5_/97$9V\_(X'.
M>]=Q)-J)/R2>(_4'RX?3_<]?TKFK^T/C'PIK&@;#%$\#/!(H.\N,Y1D/0@X_
M,&KWA;6Y+OPKH]]C2B1;I,/-OI`P8I\V1CKUX.>>*/WD'4ISC9QF_N=FG\]3
M@K1M-FO:QF_O)=-U-I98Y)%F:/5+8%Y8BFTJ"`%R"&Z#H:Y[P+KTNF3/X+N"
MTUQIDWE*TK$--;.^(GC]D0@-]/7FM+3&CTV_MKJXGMFBA0H4:_,@ADZ>8N>=
MI!.23GGI4NL>'YO%*6]S;S3V&IVK2);ZO`@22(G/&#P\+=#GKD'WK6,HW=.>
MS_!F70U0\.GM=-!?*SQ3*;V9U9Y3@#:H7H6((&1C/H:'N8(K%[V6[!:>5I%-
MI%Y;2A02L;?Q;N,=CQ7(VOBRXM9K#1O'#M979?;;:G$H^SWLB_*)48CY77."
MA'.>,UUT,S6MM;PP1RH5G(NE9-\AE;)W'C`4DY)&/:LIQ<'K]_1^@)E.VU"#
M6]$:ZU9#8VT4RK(K`A90<$`@'((/'7J#]*O27(NYQI\MQ:;GE!:!X3)&8QSL
MW8P7.%;!Y]J"EY'J$=U=2/$A5H/L:)N#OD_,/;OS69%=6,5S%,KW-U,T_F&`
M`(LDFU@L^WZ(PSG'RDXZ5*3;N,N7EP]QJHBTF9+F\16E3SV^6$DB,#:!Z9//
MU-4EW7>EK_9UVD,L(*R7,2!EX`+KLQ@CY@03SC(&,T^2VGO&FBBEGM=3;#R7
MD:;%D8_P`M@L`.`/:LC6=:,!.G1VDEH'G$,\D2<MD<E?0D@'CL?6MJ2E)\L2
MHQ<WRE.^OHKFXO\`4=+>.!YI$2&XN5PCC:-WED@<9SV_D*+AH]()<6:K%+$T
MMY/&Q.T@9X![9S@<=:CCM]*GN;]9;DSI!*KR)/\`+'`0"!@GMR1^7M3+!3/?
M-<:I/&;YH6$,43;E:+'!/;U'X5Z,$EHCVXP]G!(]AT=EET:PD3)#6T;`GN"H
M-7JI:5G^Q['C_EW3_P!!%7,G=7T*V/F9;@*7N*,4O>@1DZC_`,AO2?\`KI-_
MZ+-:G^-9>H_\AO2O^NDW_HLUJ?XTP*UE_P`>A_ZZO_Z&:*++_CT/_75__0S1
M0`EZV#!_UV7^M62<,,]#5>^'-O\`]=E_K5@GG`I!N>9IX0M;OXD7GB&^NC=O
M!<LUK:R#/E;47=Y:YP2222Q&?0BM!I]/,DNJ:O<);6$;E8'NI\;N03_P'*@[
M6S@J*P-<;5D\3:O=:7%%!%;72L][<'<%.,!40')SO&<X&0.N*S=3ET+0]9TV
M+Q/K3:MJFKR`VEQ<6[.D$1'WO*'R@EL*,CO7RN(YZN(:O>QZ=.C3A!3JS^2U
M?^2_K0U?^$HUK7ENK;0K1KN*ZF*0ZDZ&*%5[X.,MT_GS3I?"(^S6\6L7\VKW
M,C#[+%&P6UC(8$@*3AB.3ALY`-=(!,^CV]K=-'8&YCDB:)4V'!SAP!]TXPV#
MQ5>R*V?G:3;7,+7B%;F0F$F)4^7*J/\`=].[&N-U'LBWB7!<M%<J[[O[^GR)
M3:I8:?%;Z#=V=K</.L;>8<J2HYC4'/3T].^>:Y+XFZ=<7$$'BO2[B3SM'R)(
ME4JTD&1YPCYYX^;G/W/KGJ;.XFDU6-((4>T5VV1B'Y8H\'$PD[DGJ.V:9=P1
MW<8O[^[CFAA4K<!$W;D5\_+]3\K=B*JC4G3J)G(V^;F9S2:=#J5LEZ90MQ*B
M2PSQ%3Y8^\NTXPW4Y)'.>U57G6V6^:6YED7>GVFY$00.3P$0'C`'7OSU'49F
MERS6-K<>&89KA9M/E5K*9$+%[&09C<COM4E".Q6MK[1+)8P06=Q;"_:`-L9@
M5"\*QV\X'"\=L'IS7UE3$1A%0IGLJJO9IQ)K>.$78C>=IVG56^QLXVQ#TY!X
M(_*JI=+32[\6\D\\L1*;-FY[9F!48X/W<-T."21Q@5-"T5YJ"O8QJDZ,/MY9
M"A*'CY2#TXZ<'I4MNY-X);2YA\I8V61EVABX52"6&...F.QXQFO/<FWH1N59
M+A6\_3S?3PRQ*%FF8@/DX(Z'DGA<9STP>M3OH\=U'OO&<SA1Y<JD%H2#D8XP
M3D9Y!'X54FM[V_C9X8[2ZL)(O(MA(Q!4'K(>/GY!P.H_&M>2WD-@D4-PZ21J
M-DG7YAW/J*];#4+1O(VI0YGJ%I9M;2SW5S<&XN)552Y4(%4=``/<D_C26`M`
MC_8[A+@ASYD@<,2QZ@X_E5>]D%Q:-IT\JI?7431I'$=S,<<L!].?:LJV^U7%
MZAM8[>PN8(5BN((4^]%D<AL?EQD!NO45T3K1@:RG&&AI:I!%"URS7DD,=PG^
MD01QB1G'3(X)7/0GICTZU4N)&U68:?<2-8I&!*8\@87'!D)[],IQUZY%6[;9
M#?Q#3W0J0RS\CS';'&7X/!]<TR2Z0Q^=<RQ7.E&-E+QH'9SN&[TRN>/;BO,J
MXMSTB83J=B">"U_L16-Q*L<)`^U1D,P'(YP`<'C@9YQ3[NX8:BC_`+U+>"#S
MRT('ES!L'G@9XQU'..Q&:=#LBM3+<>2MI*=UHJI@&-AP-I'KGWSWIWGSFRB#
MW4+W<LKK`<A4E8$X^7Z$US<[,[7W%BECN9[>Z%_)^_4K#;L^-R9.9-I!Z=QS
MTX)'%*OE6NHWVSS3)%&9198&$`[+P1SG.1@@$<5`7:1DMDCA76HD!\PI@-&"
M=P5AUSSZ#[P!YJ/5]?L-!9)Y+H?Z_P`LP1QB2>;+-A$&-V><CT#=:(]D);7'
MVUWY5JEM<7DZ3S0&1YIB$,2$'+$G[NT989.#[9&.?EU"[\26LL6@W,UKI%L^
MR;7F4-)(`>?(!`.WL6)/;'7-*;74?%+I?^(U6#1(9'==)1M[DCG,Q`&XCJ5Z
M``]3706<L.)#:PQM8[=UM#:I]Q`6#*5'`SW^F?2KNH+3<S5YNW0J6&EZ?H[6
ML.E).L/EF[GNE.[[4>_F.>3T[@_>QCO5]+J&[^RW9O)HXG)2*V+;?-Y^9L`'
MH3C&.=HQCI4D<[Q6'[^Y0AYB("AV+(2,J,?_`*NGO521Y)-MI)'$-<5"87\L
MA>I+;2.AX8>F0:AR<MS7E4=BV%@@U:?:TCR>095L`,AU`#?+QCYB&QT;YF/I
MB'3[R0>1;R37+W5[NDC#D#:"2..X`P2#TXZ`59E^:XC-I-`LXE#.I`8["1E!
MT(&?F&3T)Z\4VXGD:Y:2"6.6S@=A<C'F.K8Q@'CD`]/K[U*`B1()=*FC6\EN
M8X]Q^U[CN3D$N,C(`&0><XZ>U/P)8MK?B%?%C7L1MXEE@L+>5,R+!&QCDGQC
MEY'5CG@J..1TO6@A??<P&.WTQPI@P-I4@@-N'(Y.0?8C!&*F^$ES,_PPT\AT
M2W@L3&MRT&WRY%D<,@X^<`C)/KQ7/BYN%!N/5V.+$NUCJ[>!+>^NM2>>5UDC
M+FW*_O=A/\8SRHQQ@#OR:CL+>#S5O[UHTFV-):EW+E$`(#'H&`!&"1D`GFHF
M:UTO5!K%W=[UF;:52+YM[JJG)[+P"`?4T75S?0N88Y1+<8/GRPVF]B/^6:%<
M?=(SEJ\AN3LSE$>>\;2+4W$XO)S,LZRVZ[8C&6V_,V``"&/;ZYQDYMA(TD%Y
MH>FH;KRIU<S74;+&R.<L/<CGIUXZ5H>*I77PW<":2.)ELXY7ME&=CAU/;^$G
MY<=\<5A1/)-;7][?JY-S`9S9PN?+9>"5]0^-IR.X-<6-P]2I0<E&ZC9W[:Z&
MM)-W:-J[Q%KT<*O(Z3VI58HHAY"X("F3'/WLXQV!'O4#6LFGZ?#?WB,DMNY=
M[&S4[)23P`O)]2.GTJ"TU6VU#1?)29M-^SWBV]LXP'GP!R!P/FRPX^M6;>&.
MYDN+OP].6O&VI/\`:6;"XSPPP>1SQ[U\RU*'NRTM9/\`X?977KJ:=2SY,T[W
ML]RL-M#-$%A=D/FA"N6#`G@CGCVJK:12WD6G&)':*,E9Y;N/$X`R`>"`%P3S
MV&*DN9X)+[^T],M#>W,92W<K]U0Q&3SW'_UJ9=-I4DVHQWNI2/9R2>7)&'Q'
M&Q3)3(]<=/6HCSZ*UOZL]/GU$P43P1WFE6227MQ_K#=7.?+?<PRC-@`$*0`!
MU`[$FI[N)8M4L%$DC!H6B$,$8\O"XY?K\H)`&,?C3R)K))X-8E#6,L:PPX),
MC$+M).!QGKCL:K/BUTBYM)!)IT%J8Q:W(*[Y&.>@/!(QC'>E&[DO/\;V3?R[
M+8H3[%-;V!N;MA!+!.9I+:U!$<N#D#N2"P4@@#D8Z$U6URSNM62+56`L1;^7
M);,Z$3*2")%=3P``W(ZG';K5R.".:>>70[MI-1C3R&\^1B$`;"[A@\?*3CN#
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M[9H`L?D3H8Y<H.0JG'#<YR#QTQ2)I\KO!NN-51IB1)NGMSY0Z9/'.0!TST%5
MY]*F2ZM+Z,7\ERDPRLLT!.U7W<XP3NQQ@YYQTJ(MWL<RV$U'2=*\6>?'KMJ7
MTYI`D<5Q(0_FG&=N"&0Y&"OJH(K`CU?4_!0NK+7M4EU/PY*QM;36H<--IS<J
M$N>.0,@;SZ<UU-[>S2JES;R(SS-NMCY!,D$9XD(3'S,,<CK4WF23Z"@OEAA%
MR94ECDAP;A2&&XJ/NL0`>?7!JJ=1KW9*\?ZV!E"SNH1;G3--OX[NXDQ,)K:3
M=%`#]W:06)SUQD@YY.*HHL%CINJR6AGN+P,L<G[L;[8L2,*`,!5^;A3@L6X'
M6N8T_P`-7?AZY:7P!(DD<:K_`&AHNH$JC>\4O)CSZ?=Z59M_B38->1P1QS6M
MZP,$^FW,0282@+^\WC&Y>!R,YQ[\=/LY6O2?,G]X)W=D;=]?M';R:1!<7#WZ
M(JR-O`;((^9CUX[^V,'J*QY$N-.TB1+[6"]U<3`1W+1@DL>>W0<?09XQ2S2S
M6UM=MK*K)<R9BA17VO,G]T#/09SQTJ"*SO;&UCEM;87-J40QZ?,N7C;/+9/I
M_7VK:C#E7F>S0HJFM=V7;R!X&C_M"XMUTSRU6Z+*%,DG8Y'/ICGC%5VL[V=!
ML2+3V@;]VZ?-YL."2,_ES[^U5U22>*]M+2"2Z?[0'F%[RJ\=%SW]_P`:FOO*
MU&__`.)<)%EAMV6.Z5\QQOC!4_Y[BMU>)T2/9-+.[2;/W@0_^.BK7\54]&#C
M0[`2'<PMH]S>IVC-72.:]U;(^6EN%+WI*#Q3$96H_P#(<TG_`*Z3?^BS6J?Z
MUB:[>0:?J&FW5VY2&-Y2[!2V!Y9'0<]ZT[2^MM0B,MG*LT:N5+H<@D=<&F`V
MR_X]#_UU?_T,T467_'H?^NK_`/H9HH`2^.#;_P#79?ZTZ\OK/3XQ+?W4%K&>
M-TT@0$_4TV^Y:W_Z[+_6LGQC8/J&C[(;>2>5)$91'(58?,,D<^F>H/TI`8=K
M?V-UXDO(%B\TM=M&)@P*N&16`V_Q+CG=TS7AGB;7=.U_6/%MS=ZLXO%Q9:48
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ML7:VL:LBH6QLE+?ZU0O0KG[I],U8;[)8ZO!9S>9<,9/E<X`B5^%C4#[R\<^G
M6E,PO+B'3[D:>TL4OFRV;?,8XQ]W''+`8IDFK0QZE;8\N]$C`K,.&0,X0+&!
M_=/)]`":A7YM5J!Q_P`0=-U"&_L_$.D++/?Z4S_:[>!=IGLR5RB+W"[2W?GZ
MUGK*;R*XN]'O8)]0O$$MG+;JJLT!.<'L?H?QKT-'%C+<2_;(9)5<?:[B;.8H
M_P"$;>>2/3@]<5YCJMM<^"/$*WNG)8/HVO7A^RS(<"QE8D[,GHKC/L"3[5Z6
M%JRJ1Y);K;S.O#U5%\DMC8O#%,MK!=2_8[IV/[R.3Y78`97=_"?KFG6KC[.T
MMHSVD%J96ND\O`D8*<GMR`%''')QC%($M-#E=9;1UM3^^>Z8EEC8]1T_3K5.
MZCO?[,*K,\\5[.GD_8T^ZF,@\_=//3IP>:[8R[GH.FOLLOQR6<2G4TDN8[=H
ME*0QH$"J#C*J.`3[YX%27%[=6UO&7D<).P1&-N"ZDC@=OKDBH[6ZE>[O);"[
M@N)T3Y+)V&ZW<D#Y\GT&?0\=.*>99IM,403HMPF?,EQOC&#\ZG;G/4D9QQGZ
MUO&K4CU(NT1PQFTD6SDNY3?31R21W*Q;GC7."=QSS@9_#'&13KI8+X+81//]
MIC17>8)C(.",GISGGMGMQ2RQK*MS?P:@(TN40B4Y,4>W&2"I[X('3!]:D#S1
MRVOFO`;4(%67<I:>5U!(`SC:=WT%9-.]VQ7*D2##?8V>T:V=C=D1Y,H`Y&>_
M`]L^E6HKN$P_;2\R61A^6V$8"@!L9`'?)/KZGM390UV]S9RW81+OBW&#YP*L
M2W7&?SI-LJ7C-#<QS,L&8;.8E3N`VAV)Z@Y/0=".V"3<397N((8Q_:-Q%/<6
M<I5A!(IPH/(^4]._(]3UJ=7:TD^S7ES*\LY=K=U0`Q#CD'H#_+%9NJ^)(-(T
M\QW5PAU-W*I!``[-)U**BY)'OC`.>>*RFL-9\6PR7NHW;Z/ITD(C^RVS[V<*
M/F,S*<(,C)0=-P&:?*WN+GM\.I8U/Q$M]_Q(_#"/J^K*JB2]8GR;901DR..I
MXY5<=3WS4.EZ3%8ZH1)=2W7B-7#27LHX55'W8R>%4<=.>,'-:MO&=+LM(TC1
MX8OLK89Y;1`K#DY;/11C^(G^]GD`'H;?1I=Q+ZI8Q"<*NGPQID>7[OUY_"HJ
MUU35C.4HQ=YLQ@TVHS1NDD4^G/&PE=',<8D/(R`<L<C&3GJ:5;N6;1;RVENU
MM;ZR7,SP)A8UZC&/8$<5TM]INBZ/`RQZ?;W0W$/!,O[N)@I<YSGEMN`<=2*P
M]<DAL[Z72K"=+.ZNI(VMTECR60A7VGCL"5&>@'2N2G7=5V-:->,FTD0633Z?
M;6L5[-).]SL2%6B!,+!!^`QG'3U/K4\S0R0QV$\]S-=3Q%EN-I+``\YQQ_#^
MOO3%1+MX[HWH:6.(VSE/]6''5F],$DD>U*DTD.G6THN;>:WSYD]ZWWF(;"[0
M>>P_KBNVUQ[JY%;PRB:;3K21X+Y50FY*YRG`QN[Y^7_OG:<@<68KF&Z?SK:6
M:.&)W#QA-HF8=2V.2>_7.:)WVW_[^Y$%K*AMMK<,)"`,H2,8VLI&#C[W7J(H
M;7[))9V[7I$<6Y7@E&Q[C&2>>F`>._2GT$V13^7<Q-J<(N([4QMOA9>,9`)Q
MP#S]#T.1BI?A]-:6VJ:]X=21H83=+=6MI*ORF*XC$@V@_=*R;Q^%2QS7+BYA
MN3%]N8A@L1!2(DJ$)QU&<9'&>"<9K.T^[@T_XA:+?74L!:YL[C3+F=5!$4Z_
MOHV*]0W^L4\#/Z5EB(<]&4/ZT.?$0NDSO+6X@EU26PAC8W21E1<2@$N4/#,F
M/?@]\57C%_<ZLL4<\_V1%"3NQ"LBA3OW$<[MV"I]`:LVEZ]UJ$VG1$J2A5;T
M-F1B%#;C_LG=@<]B.U);WMOI]D/)O+46K!E\^1RXEFQ@^I"@]:\*5U8X;D%[
M-'/HZWEMJ'V@;_)9N(XY,$$%^.H"X![EO>LBTEDLY3(5\YK9]\:`8\R(KQCM
MD@_G6OJSC3=!C\F?R9(5BE:*P3AB\@'F``'(R2>AK*U"[:"]1F74+IG!VR7%
MLT1!7/RA?+7=N7GC)&T<&NK#S6L*J]V:<7_7D=%"HH2M+9EJ3[3XADM=4TJ.
M.)H"\+1W8W8.Y><#AN`<>F<BJEM>P7B1::T;6NI7-RS3O:`HDQ1F5G)'52%'
MZ5C6_B&\M93;:9#/%#S.!;6[S*S,ZA@V4!"XWG/3/%;NHV6CW>FW<WA^X5[M
MBIDELI?/EC4N"Q503CJ>`*^4Q.%>%J^QG\-_=:Z:]7VU_`)63=F7=0:9Y+^&
M*\CMK2.$.?);9,LG&.0<X/?//--:2*:WT^,6MLUE.5:2&X!$LKC)5MK<\,`>
M>M-TB[<W!B337MY[B+S+BZN.&=@-BDKCJ0%/../<8IL<@MS*GV:[U'4--+>6
M7&&.X9"[SQM/U.`/H*\YQE#W7TM^5KW]>H]Q]NT4UKJ6JQR2JLLF(OMI)$;)
MP0%8X4;^/J#[4L<C#5X3<,+NZN+7?Y2,QA1AUQDD+GWZGI3S#;:C<W<S.]YF
MWC+::R",$X#J2&QEN."<=Q39KEC9VNIW<DME#;D^;;Q9<X/R@.`,D#T`//2E
M:\N7OI^&B_K3S`J27"RV<D3J?MUY<^5]HTLX$FTY4,1T`3J">QZ9HU:]OK*_
M6T%NT=M<0@2M;N!)%EA&C;\@@Y8#OP*<)[9;2]&AGR[NSB816J$%XBQ!<B,'
M(Z@=,<5/:QV-ZEM+X@FVWHE=+?[2_P!GDE19<IF/*YZ*<8ZULVH2YI1T[=;V
MNFEV6@MT4M)T6Z\/K=7.J)%=/=!(,6H.^5C(Q!8L>OS`9)/3\*P=6L;B]^(O
MAC66AMKNWU6VETY8[R/A28VE!8$,`<H<8'4&NCLIIKV.^C\322QVJD-NN4^S
MHC^8P`1^,_*$.<]ZYKXC32Z5IEA>Z2;D6&D7-G=VK6T6^,*&=9&,H#8PA`Q[
M]#7I9?.;QRY_B>C?2S5DEYD37NG3IIUK((FCT[P]FX+"'!'S$8!`^3J,?J:4
M:9:S&(G3_#K":1DA`(PS`\J/DY(QC\35@W%T2<7^M<9*C^S#[?\`3#UST]J&
MNKO=Q?:YP3C_`(E;>H_Z8>F?TKVTI==S(@B^WQR"STQK?8DC2".U.Y(B2H"\
MJ,(")"0/45JL+?RKN*&_>46#9*H,R*G),1/=3CZ\51M=1N+?5$EGO+EHHXV,
MLE_:F'8N]>$'EJ79@".^*OQ21?9GNC-!FYD>8-:)AKA`"RKDX^;']:>J:8)&
M+');ZY%%#"+B.>%5,CQ`JK$\=>W/0GVKE/$FG:3XB,UIY,-K+:;))9)(MK1_
M,^2C`Y!Y0<$?2NPT^[N)9(9+F.U@LY&D2WCC8%F.[D'./;Z$#&361=7+PZC-
M'=6[W<=Y,L<1$9++'Y:[0Y/.<ENOHQKKPTI*;4>QTX5*55)G)OI'B2*[2?2=
M0M]6LT'^AG5F_>!NNU9%[@]F%/\`^$\MKBT@;6I;O0;N!QYLCPF2*0@_=60?
M+^!Q70?8S<+*LUO!+!9MFW2V?#`@9P<4Q[LZA#%80Q6]I=.1)-:7$608^C9!
M'TX^E>CS7^)?<>IR<O4<NI3;;E[6\MKQ[I?.L8<#:1[D>V>.]1)/_8YB1DM[
M.TN5/FPQG>PGVC()_+CTK$G\-V8,VK>%OM'AZ^AF$8"NJ129//[MOE/T&,FG
M-<ZUX3$[ZYH<6J6[J99K[32?W9'\1B;N,\[33Y;_``L4IM;KYGOFD\Z19'/6
MW3_T$5<-9^B3BXT+3I0&426T;`.NTX*CJ.U:'>O9CHM3YI[B*#2]12TUB`,U
M0CFO&+>6EG*LK1/&\C*X#'!"''`!S^1'J*N^&)+N;2%DU"9)IC(PWI$8PP!Q
MD`@<>^*H^,D$BV"NS",RR>9L!+;?+.<`'KW[].AJ]X8$)TA7MXIHD=BVR;;N
M7/\`N\#Z#I0!?L?^/5O^NC_^AFBBQ_X]6_ZZ/_Z&:*`"]',&/^>R_P!:Y[QQ
MY7V>S214=GE81J\0EW';PH0\$DGKU'45T-YPT&?^>R_UK,\37%_;6T9TXR;G
M<AEBCW$C![X./7IV_&@#'T?1I=2L+IX];U&UAEGQY,!A91\B<AGB+>^2<U#=
M:1>Z1.KW>J75Q$9?,ANGMXBT4N"`6V(`>"1EAW'(Q6YX2XTV;<"K&X;<K+@@
ME%/0DD?0]*W'174@C(/;UKFKX>%6.NC[C3.,@FB@M+&*T&82[KB6/>_G$$D,
M1]WG//2EBCGCO8_M;1PV=R@CBT\6X81RYY;&,8'7/O6S?:(7MYDTJY^PRR@\
M;<J#T)QZUC3)?:7I6RZ%QYZS`QRQ@R!5)[MU*CJ<X/Y5\Y5P%:D[Q5UY&ZD5
MK"2TDNH9Q<O+^]:9%"XB$[C[V>NU@21DXYXJ>)KNXMF2UBA6</(@N1`!]GDQ
MV'<$=Q3%MDT_3XXM&FM'N'FC219I-P`5<;%[_*.!["K,L4][K<-U;WA2.)PK
M`$K@J<L`O\0;I[8KB?-SWZE+4I7$EL;.U^TWH5PP$MS'"`SS1X/F=.0"!G/'
M-17MG8W^@2Z/>P^?:7,[1WJSQDLTC-G@#[N2=VX=,<=JL26]OJ]](]SO%@GR
M)N^7+-@E%'IP`00.15K[3=R2Z@9YH%MY7$%O+;C<X<\#([$<=>^:I2E%Z,9Y
MCI%K?:-KTFB>+FFDNI(MEC-,0T-]"O8]O,`'(_$=ZNE],6"XN+#4I]/)NE61
MSG#,,X4#CC'/X>G%=/KWA^UO_"C:7KBS7,DDWF6KVSDR6\@``*2-T;.3R>A(
MKBY)=6\-7\FE>-9[:XCF`2QU'8!"\^,J)!_RSDQGKP<YS7J4:OMO4]&AB(VY
M9;FA?VPLKM3H\$<`8[KJZ$P5X5/0C)Z'GC&/:EO;MM$L+>2U%O-;7,RH[I'@
MG/4[5&#T^G7BD:W+L9)K.*]U"<+%>)#(`L:GN1[C'Y5++%-I^E/#<W\$;O*$
MM7*_*O/"_7'_`.NM4Y)G<X)JXZ.ZM+JR#HR-IUL'^U)L;S"0254+VY[?_6HN
MG^Q6ZRW*O=V`5?LL00#RFZCKT'!&#Z@8%9^OZK;^')X;K5;JW@65!YK0@BXN
M)!_="\L.G7BL^+_A,?$$TTMU-<:'I9(";%1KEQ@'/4A">[#)YK>*NKLYI>Z[
M(T[[Q)8:1)'<:_-%%O<BVCC#232#;SP,L.PQQS]*RK:Z\5^(;OR[.&'P_=!2
M_P!LDCWSRJ20`J?=0=,[B3[=JNZ1HVC>'X-2O]/<W=R1EIYP)+@%C@%G.3G/
M7M]*U[>X>81V!OW6^:+S#,PP0I^8/R>PP,'!P<X[5=[;:D<KE\6ACZ7HUOI%
M[)'8VTEQK1(%QJ%X=SRDXSM8\J.>`,#KP:V(YK>Y@:*%HC;QR,;M&B.67`X1
M>G7T%+,$DT@2-?R?NN'O`<CW/!Z'U]Z2YF\O4U2.=TBB@-S.8TRDH.!^7`J'
M=[E));&CX;@53+JEM=-!9Q3+$\30_?BV!A&JXR,LYX[\>@K5N#9RWLRSSRX#
M)YT,$84-&I#!&X_@+<[<=1FN<L;S4#-++IF"DX28L[%5N(SE2`/X6!3AL<8K
MIM/\@:?<:G#<1#4'C8$3MA48X!W#L3M&?7`/>O'Q2E&3FWN<%:G)2<GU+[WC
MOJ-P!!'/M*.5"9S'_"P;'S-G!QV[5QGB""YLKF=I[B&]OQ)$4D=`"GF.%"@\
M$=!W]*ZFZ@N]0M;>T-TD-[;JK3A`RQ@MPK!ACD<D#//>L;QK<PJ'8RO&Z6KP
M33D<"3@IQUW'#$$<?E485M5%<="24[,S8YUDC>UBEC1TG/VL&-L`'AE`Z$EN
M,]^_6H7C1K7[7&'ET7!,EDT7)/4,`1P1Q]3SWI\UPT>HV<4-P_EB'[1+*B\3
M(%YS^`))]\5(9S<);W8OVCM^4\K@>:<\M@_W?3VZU[2U._I8JF]9XQ=WB(EB
MI0Q@+F0/PV,#Z-@C'`&,[N+,B(UQME:-;F5V^QR01']T@&1N;L?KZTNRWM]2
MN%N)G?\`<^;]@(SPHR67UR0P'?J<<"H;.\DV1+-<RR3WA9HP0,@$G@<]`><]
M\>E,20V26:TF,,L22:D4W/<,@`DY&-W0\#C.1T4>E9/BAO(T&6YMU4:IHES;
MZE(OE\`Q#Y@#T.5R#Z\UM-`SZ7<1R7[SM'N)O`>!TRWT`R#_`%XJ*^:.XAM+
M);F4K>*?.F5,F9%4HRG/<\]>G2A;ZD35XM'9B6>^TN"[TZX2SA:&*:*],07S
M(<9VL,<?3IS4-W]EGO%\N:6-_((CBAA"L5899#D8^8`D=^*YWX42S3>#8;J]
MO//%@)+&:-269A&VU,@G@!0".,G=[5U6GVL<LJ7]Z`LPW/;^>W.%!`9L=<`\
M'T)KPJL.2HUV/-\@9Q<+#:V4:RVTEJ\=JAC.2H`#!G/W2`,8XYZUF/=Z@;"W
MN#9^7+9KC=+?O*ZA>&)C(Y;!/.2?>M-?M=UHJVUQ<P?:9F:53"2L;Q`@X9AC
M`.>HYYK.N-,9-2CMDM;+4)9HLR37,1)#8^_G(!3@#'6HB^XF6]*>WC8-I\\T
MCB!HK,3#:D>#EHQC!XV@X8DXK*N2^FW4.NZ=:;DGA2TV[1`CN9!]]<?+DG[P
M'85KV,<UHME;:;<6!A,TDLPVXRN?X0<G`Y'7L.M)-9#4YKJYFN2UG,C?N2/F
M*8P!L/&`?F!QG-955[2+C)W3_$<3(ETZ7Q*+?6H)/(P%$UH#N+&*1CL#@@=0
M>H/:K#:EJ,]HEW::A9J]W(#;6Y;/[O&&R.264G/'IBLZ^N&L=8T2\M`UGI]S
M+#:E(I`D(E);*E.N2%&./K5Z[6PU"V9O#4(,B3@W)L5$$A0AOXFQQFOF94W!
MQ4U[O3LM=G_F;)]"*VO6FU^\M;6V6SFEF,!O`B*\AV&0':1N*X[YQD]*=K$\
MOA^2:[,>XWP+S*+DAOW8_A8CC[W0#M5J&2T$<5M)Y8\1&R"%BI+^;Y73?C&?
MQJ*W^RV.E8\6;AF3="+UA*W"+NP5SQG-9<Z<K\NFBMUEYKRZCN/ET_\`L&2[
MUF*1)8461H[=8PA!D*9R^>?N#MZU2N)_[=U6V,S+9[9/LLO24%EF#`*P(QDQ
M8SCO5I8[FWU?4+O5A*-)VS;S,X>)E)3R]J#)Z;NW>LW7K>)[S2]0TAO)T^W;
M=YD2E=LB2@E2IY&5\T=*Z\%!5*W+4=Y-.S6R?*[+U_S*2OH:BZD_B!Y+-5CL
MY8V6XB=G$H<+*R_,O&.4Z9JIK$1E\/2^#3`LZW5C]D^T%POSO%)M(3TS'USQ
M3BFGWMM.VD1JUZTL9N5M$V.(@YRH)`!_B&>YS5(V%P+W2955+:ZLK<"\<D;V
M<J=H)'<=<_[5/!X=3KJ%/2VJ75-+?O848.H^5%KPAKEWJG@[0]1-MO(M%D+R
M:M)EF`&\N-OS<YX;..W2MG[1=AHB+,/Y3F1<ZQ(<DGD'Y<,,]`>,5Q/P_?1$
MTBXL9XK9FT_5;B-FDT^29Y(F/F1X91QP_?/%=4!X?)B;[+9DJY:7.BSDLOH,
MC@_G^%?3UX\M62MU?XZG,U;02:XQJ"17TJV03$D3"=KEE<,VY\L/E4?+UR,$
M5IQ7/V6VMXT4\7!,[2Q[Y?.;)Y`&!DDG<.`.E9D5MH<^IV2I$L;.[Q$V]E+;
MJRM@JC%EP02N#GOBM?S+V0WXDGB2.5C#9R6R%G4X(YQW'%9N]K($8=Q*;:XG
MGU*R)C%SM@C2)3Y+\%R..0W!Q].]8-^ZB\O)[J^%A-+=QJSP,=KJ(\JHP?3K
M]!D5TEC:26^JW=K=79F)92;:-V(C^49Y.3\WMWK!6SN)+_5$%Q'?(LH\F.5<
M^7*%'WAVQTP,]*[:%U-^AUX16JE?4X%M0T.GQ1Q6TS%[Z82!6CS_`!<G^52Z
MA;Z.FE6\=T6>"0*B7"\LP&?O-W'/>HY(LL));2*]OYP(KSRY`5C'7)'K4IBN
M=-TKR)KZ&.;?MMG*$*!_GO73K>USU;W=Q@M;*]GO([J]>\2%@1'*S!;?&1P<
M^F1QQ^-1V@>[OGEU9UBG:)U2T68,CQ$??*]/4?A5F>SDC"QW1MOL,T8%Y.1L
M:1NWZ\U`+*XG8-96HL#:L(XW9@Q>+KQ^OUS5Q;ON$EH>P:2H_L:P"J`!;IC`
MZ?*.*N=#532F)TBQ!.3]G3)]?E%6R<&O>6Q\M+<4\BLR_P!,NKZ57@UF_L%5
M<%;40E6^OF1L<_3%:76DY"MBA".-US2+F*6WCFUR]O/-$J`7BP[8SL/S#RXU
M.?3KCKCBMGPM;-:Z-&#<+<+*3(LHD,A<'D$N0-Q]\#Z57\50S2_98[2(S3OY
MVQ!MR3Y3<?,0/SJYX9MKRS\/VEMJ$"030IY>Q,8`'3H2.GI^E,"[8_\`'JW_
M`%T?_P!#-%%C_P`>K?\`71__`$,T4`)?YS;X_P">R_UK(\5V46H06\<]C<WB
MJQ?%NR@J`IR2#][M\O>MB]ZP?]=E_K5EESB@#!\(K)_94GGJR2><<JX(*_(O
M!!).1T//:MX@]JS=%_UFHY_Y_G_]!6M//-`"8XYI-IZ]?4&E)H'(YI,+F!K5
MK&-4TR6*PAED,Q#2%!NC&P\@UC7L/GW$>HRW\"P60S*Z9(C"/NRH]3]UOI6Y
MXCF2$V;/<QP(9=KB3I("I^7ZFL,FVM=3BM;EGG^8`%4`2)),A(V&?F!(/ZU\
MQF"MB=.QO!Z#;Z_RBWT,EHR2R+):2!&RBD'?(R9&XCCWZU/:RO\`V;'Y9M;4
MW-Q(K.D93SB>!(H[$CYN<U4U"748)HHK!1))&SD(L0(C''EK_N$%LL,=.W0W
MI%C9)?\`B8J6T]]QE*[Y4BZLA^N",UYO*V65+*)M)ADTI+FV>_?$L<,B,R*`
M`,D_WB%+?7-5YGM-4N?[+ELK2^TVXEPUI+`9!*&&3-O.1P21CJ*NVTEN;7S[
M17M1;2;)F=0TD2'!VJ?3!![]ZAL;J_2*:XO;A+.*%PP+#$19BP9<#JNW80?4
MGZ52YKWZ@SB9_!.I^$H[^\\*SQZGIHW+<:9)<%9H$Z_N93P,?W&S[&N;;Q8D
MD4%EX=4ZI<NFVWTV[A)GM9@>99<C`4=1@\YX[UZ)XO\`$5MX6N+;3;6(W^L7
MKEM,M(P%6('@F1O^>>>3ZUAW?PV@CLI$U&26]\0RRF:34+=?+EA(0^6L!Q\J
M`D*1R`.W>O5HUOW?-61K#$3CHGH8FEZ!;VZW;K!+K>LM(GVNXN_E9`1DA#D%
M0#P`.@QQ707IBN-3BM]-ED2[MX&$,J'="&]&]Q65)JFL>$=3?2/%$\%^TH06
M%XF%$LA'^JE_NOR`#T/M6C9R+H,\"/$EI9W0!D$DA9A*<<?AC%;-R?OH]>C.
M$X^Z596FL6>:YC>QNX2C37EI&"+ICP00>H_E[59DU)X994U^WB@L&_=_:R"W
MVC)##.#G''0],#DDU--+?+<7EM'JEL]UD2Q1R(=L:`Y(_*FW42ZO-%_H4=W'
M''YL<XEVIYO]TCN,XX-";1<H(FMT1;>07*PQ63/_`*.%8[7C(.,[N"<X/KG-
M6H[J9=-1)S;F>0LD,8/[N0XXP&/(]>U82+9BTEN;]A+!%@7MJN=L6#U7T'MS
MBM(,8Y$BO;A7N)V9[.5(\^6,#GV./Y5JI7,.5I:E6>."6]L2S"+5;<%=L8(C
MQS@YZ;0P`P/?MQ3[35[_`$4R?VC807,157OY/*RLYS@8ST(!`R?[IZ<5-=&&
MZ@6P>\D^W&(,+D1X)53DYQZD=CTJ-KJ],]U;I?0"\DC!CM)%)$9'#G/U#5C5
MBI1U&H1J1:D;FLZ_'J%J"RRP6X8/#O4*&#(5`/S=06!'N!5#Q%JYUO146TM`
M=.2/,[7D>)6*`A2O/J2<GW]:IW4/]L?9[66V2ZM@A9[B.4JBS`8Q[#/'XU'=
M:LL^CO!J4B)<),L=Q%$N?E+\CVR@(K"%",;.)G]5IP?-<NQ7,T=H\4\L2_O3
M'`JG:L@QE%VGK^'H:K;_`#4C3R(EUN,?ND7(51N).WMD8;CU!Q4@D2VD5IID
M:&:4?8%,63"1C;QZ@$+G/7GZ$K1-'%8W%Y++J$D1*7(7!/7))'T/0^IKOMH7
M>^I+/OCO8'M&@:Y25?,#`LRQEAE58'((()&3C!/O2W%PT=W^[2.>WB=EN)"0
MSQ\8P".?P]B:IQ6P>::SLW\O5%"9D9/O+\H.><<Y3IR0`#ZU:@N8)9'FM+MH
MH%=S<JD6/-?N2>O0#D"IL(;9K&@D>V$46DM@PN&*AL$;]P/`R.#GI@>]/MI#
M%:2>8\$=MYBK"4.Q6!484@\$DXSCWJC.MO<1-J%K(XL2I3R=N`!D#H".-V.@
M)R%.:F7R8#'++)&VG2M$+.$Q%MAVY7(Z\`@\GW]J&)%'PCJR>&?B#K<>N%;4
MWB1W<$-I"2)&<>6P(&<8*J3Z%N>M=O=WD]O&H86WVEHRLKI`7^4_<BV]1N]>
ME</=RKIOC?PQ>75T+RXEN9;"1IXN`LHPAQ[.%%=U'+J-SK"0P3.]N$VS3;0K
M`;3N+'LP;;@>F:\S'Q7M$[:-'FU%:;1;N[>:YLXM/C-O:>=;1R?9&ZHRL&*'
M'\)P5-0VTL,5FMG'=PS"P8QWIF5@5![(>PR0/I1<&![!+Y[A+N-R8)E@&/M#
M9POS$_*1Q[9HGN/*L4N[$_+<0XC+Q@F63!P)&[CKCWKS]=+&;&Z3-//,QDMX
M(&@MW(?[/M^QGH$W?Q`@YR*9*L5E>Q:_?7R+#A03$I8LVPH%'^P?O?45+9&7
MRX%O[H(LSM$MM<*`9HQRIP.`WTXQ@4Z%[9=2:RG:2YN@A@:>5`(Y7'S`%1Z#
MH<`=:J2=QHR?$2R22V<$T-G<PSWL<CA`P^S<YAEQZY')Z>M$(ETHFWTB4WE_
M.RQM!>,,6\<8;KMQ@#/U.1@&M&1[Z[U&.VWO,A7RKAM@7JQW@^F!@K3T6Q@T
MU;B.ZAF@@/DRI!'_`,?`)`16]#D]?QKDQ&#C4DD]NJ[E*5BHMG;3ZA/]JN89
MK^%TFO8F#B&("/:?+Z'.T@9)/7MFL[4K6&_2X$[3V=M;Q2;EMDP+=3P.6RKA
MP!TKH)9533DO+-RB%&C?S%!9Y%RBJ[?W001GZ5D-<33VA35GF^SPE?/B9.'4
M@;5*C_;W8]@,UTPHP345%$-VU*FJZS=V^GR1>(DB2RF'EPM8!C,YW?*5!RIR
M%)YQG:2.,5%?WEW;0P6%E;2307%PS3W%P%,N]GW%L+A0.3UZ].*JZA?:A=7%
MS>6O[^"TDS9;\1H$88=@,\KC`'H"3CM2S7RLUC?P:A'%9%BKKM8^:>W0=`?I
MCK6U'+*%.:GRVL[VZ7[_`-?<>I0H7CS3(-+U"]CNHYM)E9[5A]F?*A1"H8OQ
MNR>2Q.23Z5"ZSW6HWLVB7<B7H5%\RYRT+@D$L,#)/`_#.,9JRTEXUA/:7D4%
M[=.^UH;<[,1,.I_6GV,W]G7QTJ5$AB.3:`R;WDZELG\S^%=\:,(3=112;W\S
MK48IZ'-^'=(NK_XIZMIEK=ZOHEK<VZ7)CTZ9(@0N8F<[D((R$&!_>Z\5U,O@
MZZB@6YG^(&OM;1;O/9;M<G#<;<1YR3C\>AK%TB\DL?BEI7V[5())I;.ZL[@L
M"`PW1N$SZY#?3&.V:]$0V=GJ<=E<>9*P<Q@H@"(DGW(F]0?Z<U&)G4YUR]O(
M\2M!*I(Y"\\#Z>UL;F;6]:O$N&1H'EU6<M'$>6D958;L-V&.U367PXT$:?;R
M$WT$LSNFXZE<AI.#MD0>9P3UP<^]='?7&HPS+#9?O)X2X*1PC"?=$:C/2,C=
MD^H[58F2%%E:341,;$_,VS?(L?\`$C?7'7ZURK$5GIS&9PEK\-]&%X;>%;@S
MP2E;R6/4+E'V,!M8?/R3R3VS[5A7_A31K&_G"7>M00I=K&;B*_E87!9`3D@G
MD$8ST[5WJ+;WXGM=+-S:SQW&YUP,XX"KD$`XQQD^W-8,%U(\5['IU[`'BNWD
M>.5"!%&&(8=.N>3Z?C7;0JU7+670ZL)%2GJ8(\'VUA]LFN+S7+*0R,L0M]4?
M=.OT;.<U7G\(7\-M%/::QKL]BJ*\-L;A3*CD_P"TA`''IU-=5>1OJ=X+F"S6
M<0`-97!E(5CG/3OS2OJ9N],BNH]0CM3%)_I#1*6`_P!G'?/]*ZG4J'I>RIWV
M.9G\-ZC=Q7%K8^(]<O)$N5\^.Y\DA<]P63D@_3UQ4EUH>K/J*16'BJ^DG@A)
MBEDM86BC(&-I*J/2NG^V7<9NF,MO=F9=UG;J<,PZ\_A_(U4MQ_8<D:20);6M
MRFZ3<YD992,=>HX`ZU49S:*]E%+0]@T-9$\/Z:LSB21;6,.^,;FVC)Q5X_>J
MKIG.DV9)R?(3G\!5LCO7LQVU/F'HPZ44E+BFA&5J7_(<TG_KI+_Z+-:F?YUE
MZF/^)UI/_72;_P!%-6IMP<^]`%:Q_P"/5O\`KH__`*&:*+'_`(]6_P"NC_\`
MH9HH`+[K;_\`79?ZU:JI?=;?_KLO]:MT`9FC_P"LU#_K]?\`]!6M+O6;H_\`
MK-0_Z_7_`/05K3'6@!*4"BDSBDP,/Q'9K>2Z>DD$4\8N"7$AQ@!#R/>L:XOH
M8M1MO/2.[9F!69`/W2NVP*G<\CGTK:U[R%OM,:5\2"9C"N[;O;8V%K#25[F!
MA:6]J;E9)%2XC4LMK+GH>.XQ\R\9SQ7S.8J^)^1O#X2:-#97$LTUQ%-.K!)I
MI),""(#T[%L#('&121((TGNXC:V[7<AD,MO\QN(UYX'J1G(]S5.ZEADM;=+J
M^M$F61?/G5&.^=1P<<!E!X(.!SUJ>WDAMK*$>;&1]K)GEN(]A68MT"=LMP.V
M.YKS.34L;:2P:GH@%OMTVWA8"5$8*NU@&R&'0\C]<UD^+?$*:/IL&DQ:=;7^
MIWMP(K#1R_SRIS\QQ]T`@DMT`R.M.\1ZZ^@0QM<644J79\B#0T0--=W)/`''
M*\`EN``.AK.\+>'$MM=?7O$6I0WNN74P-U)!&3';D9$<:.<;8\<?=^9E/-=%
M.DE^\EMT7<DGT+2HO#5R-3UR9-8U[4&W7%WM&VW1&"^5$.P4L/E'7!KI6C:U
MO[B5[F.ZN$(!#R@"WCQ]XCL3TXZYID<K2O,JVUL;B.<AC&NX6TI`V%O[W'5A
M^1J"X56L%CU2YMA=%U6YGC0\D?,@!_BQ@9X'`/2LG*55WDQ]!NH:)8^)-*U*
M"]2R2#51]G6XC;<TB8]#QO!&1C^Z/2O-/"FIVZ6TEAK$,\][9SE+RXFY5=HR
MDG/3<I!^N:]0$T%GI[L\D3,;D-=22Q;-C<`;4!.,@#&#[UR'BZRCT[QII.M_
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M9:M?7=TBB1T<#<N,EP">_'^%5=.O(X&GMK%I-0OW)S)+(,2*K$*`<Y'#9Y(&
M>`<YQ,(Z7+F[(TBC7+0W@N@9XX3"41B4#@'+`CD8)Y[X'I4<<MU#:6SRS12Q
MD^9<7BR_=YV@+]<=!U/6A#$T30VAM-J3%KP;B!&I'S8PH!.1C/?!^@8Z6[6&
MZ,M+H!!+1",A@<_>7@8P=I.2!G=P1TVZ&!;EEE-XT33I!:W"&$,6PZ2D!=H/
M3`#!@.O+'KBJT,,T#VL2W8$2`^:CMLDEQEB5^G`)ZY!S41O5NP+BZ2.*PCVO
M'*Y+$/D'&`"0?O\`.`-HS_$-MJ987NQ]HDAAO&=A8^7N8[`.,YX#?7ZXS@TE
MS#$AN+N6&>*X1(+PG(B5\QQYP%##)P&QR!VYIJ))>M:7,EZJSVX:&2*(Y3S&
MY&?3&[Z_*<<5!]JDM+EHY5675G0M(_W5DY&WKM_A![*#M`/45/;R./-MK=;;
M[4S(;N.1F55&,/R!AFX`))()R.W+O81C>*8=0G\%7?V=X+JZC/VH7(DPL;0L
MK(5]\C&>_%=]H6JP2>&K#489H!;:A:K*UQ/+N\Z9UXCR><`Y!STZ5RO^CFS\
MRTF670QN-S#Y9#.%XRN1D,,'G('3&<8K$^'UW<0:1>6<;>18Z-/+;2.`'9X9
M6#)M7/WV4@#'!Q7-B:3G23[,X<0K23/3V$.FZ2(C%;(%C!FL4Y1W=MH)+<[<
MXY]!2@QZE':7<DOEP2+\EBSA0\@R,`="/\*:MS!*+:.PACN8/LH2VC(/F2J%
M!96;&%P,<'DGTI-\L,TQOI[91_K+)'A.;=!G._T&..IY_*O&<7LSF9.K)?7T
M4MW_`&?*;)&>9U8EX9,\#'I@#/N!4$.HC^V?L+E7NI$\H7RJN]B5+C&/X,#\
MZCTQ8(V5[24S2"W9+:*5?+0#(+*6QDD''4`X[4X/<W>G0OH@ABF:(&*^,9$9
M4$[E(()0^F0<TG&SLRD36URFGJTLMS`RL6%Q=RRYS)G`C7TYQP>U1L(-*T<R
M31VZ!(GFN;2!01..@Z_P],_X5'=O;-);FTNXX'97DA\JW)9W8[7.P\$-@X)/
M44VXU.TTJUL1"(7B>(PVJS$EIG/&PD`[`/XB<_I5.#T0!<W(NK*W,94`%U^Q
M*V%S"Q4L,=4&T\=""*Q[R4M'::3>W&ZZENGD9(&R)$"]6`Z=`1VQCTJP?^)=
M=1MJR1-?R.5M&4,B(A4+M.<8P&4?*"1D_,?FK$-V=4OHKM[V&!KB61);<9RZ
MJ<!`WMS^?4UUTJ7OZ=#?#T_:3UV1`ZLULNI:A:MYMHS)%#`^Y9%/R\_3<<X[
M"K'G1W4ENEE%;-96_P"\NH'4%XF/S#CL?Z@U#<6,UH8]-LM]IIR@.VH>:/E;
M^YU![`?4CKS4]W::8NJ6QD=K>[>43'RLCS6'`WGZCV[UVV5SVE=+0:LT5U%!
MJ&F6*/+=L8Y6D.U@H'/_`.L4R&33M&N?L]PLBQ6Z%TO;GMDC@'\>WH:;%9B2
MV%Z]V-5FM7D>`PL$!/!"8Z9R!^=3V%C)>QSMJXW>?@26%P=PA(/R\`GKC(QZ
M]Z5];L+:^9CWT)B\6>$CJ]M`9YM7*2")<(ZO&ZC<1WSCCTZ]Z](?4H;?5;?S
M52[=S@7*!<Q*[;0%_'K7EGB22VL]&L]4TW4A+%#K%O<[)>&D(D7A>./E.<]P
M:]37S[R(BQ@MUN0TBI<(A*02YY7!&1Q_%@C.."*Y<4KN+?F>/BE:J2QC[!<R
MRSSP3S"3]_<2R@"&,*.,?PD^G2E@CAM8)[L&VMWNI6D9K<[C<1*"P`SQD\YQ
MZFJ-Q)'+%;>?>VL<N]3+<)$?GG0`;AV9><'H`>_86(6@MK2U"LA1KAV=IT(9
M9B?N!!G;DGZ`9Z\5YZC?J<QF:5=2M(K"S@M;.5V,`@D&92W\)7/4"N>$T<.]
M[^'SDU&[=(F";F:,MQYGJ>?KU]*W/,-@YN]6M56-+I_L<<:\V[[CN^;`!!_'
MV`/`YF!;86,MQ8ZR86>[7SFE&1NP<J,\G.2<\\=^*]"A'5M';@E>399^PM/Y
MZ36Y6'3W+6WV67))';KU_6D%T+^WBMM.AMX;@L'N;2=<':>IQ^73UI;VUDL'
M:WTZ%ECO6+7%P)1B'/?!.<4NH6FE#3H1>W94N4B%W']^0C.!G!'3/MQ76>G>
MP2W$5Q#->Z;8J;NT<0(9AL&W../?D_3)]:9/#::7.RWEJ[1SG[1-*WSI;L!Z
M_C_*IEL8[RYNXKK4!<Q0S!Q"AP86'!SZ\<5#;1SWSO/JL?V7Y'B6R:0,LB8^
M]P>1SCWQGBDMP;=M3V'2#OTBQ;=D&W0@CO\`*.:NGI5/2@$TFR51PL"`?]\B
MK626KWX['RKW8"G"@CFD/6FA&7J1_P")UI/_`%TE_P#135JFLC4_^0UI/_72
M;_T4U:P//XTP*UC_`,>K?]='_P#0S118_P#'JW_71_\`T,T4`)??>M_^NR_U
MJW52^ZV__79?ZU:-`&;H_P#K-0_Z_7_]!6M/O69HW^LU#_K]?_T%:T^]`"$T
M9I2*08I`<_XG>Z1;(64<$LC7`&R<@`K@YQ[UG207%UJ\4UG=J;:)@KHK':K+
MRPVXPY(.,]NM:VO(AO\`2M]J9O\`26PX_P"61V,=Q]JP[R*>6>'4/M5M!#;-
MF1XGX0!PS,!W++E2.V:^9S+7$V78WA\)&;2TUF[D#.ZV,8*!B-F0^-T0]5.T
M>XQ[U'KGB$Z'8:K?:F8H8]XALC:_O)9YCPJA?XFSV[<]JB\2>)++0](DUB]%
MHMI&ZR6S*Y;=N(!<J/O')X`]:Q/"NEW^MW$'C#7[>&UFD=QIVGOE19JX_P!<
M`?O2L>>>@X&*XZ5.ZYZFR_JQ5R70=$O;%'\2>*)))?$5RFVS@0F86$><^2F>
MK$DECU/2NA^PMIVE3FQCAEO9=D7D3R?(J[BP09]V)`//-)81R:7:RZ?+-:3:
M@Y$T5M(^5```+9/.20S>V::MU"VLI9I;PRQ/<K(L6\M*QV[OM`.>4!.WI_+%
M9N4IR;Z`7+F*^O-0A:PN518,"55)Q$_4^S\<8]JJW$$.K:G)`D[1V<>2[[0H
M1F!5E4]]W(.>F01VI=3L[JZF$Z7%O`EK(1(R2X"'*MYA']X`%<?[6:EO+^.2
MW>\ABMIK5BLMNR-S(V0&9E]%ZGZ5--7V&3++)!?7ID%M!9P1I%#.A#/NQPI'
M4_0U@^*=#FO/`VJZ?J4S274X\VSVDR,EQ'\ZL">1E@/EZ#I6SI]PILYKJ.*V
M^>Y'FRC(2?@#>I/0YP!]#5:WA?3'FL[N>VN+VY"O;V\S<2LF<R$\X+=<#^[5
M4[P?,GL+;4X70+M_$FG1WN+22*:V5IK<)M<7`7!W'KD,#S5B15CB2YO['SK\
MH()(('RH0]"5'3I^>*Q8%30]7\1Z=Y_V%8;\7OGPC>KQ3?,$'^ZV\`^U=&AC
M&H:E>S6;VN4"I/OYG&.JCUX%>P_B;6Q[]*?/34ABV\]CI5U;W#6D,"O_`*)Y
MV,)GINSU.?UI9K*X<P_:(K8I<1%+ZXSLX]1_GGO5&)9SID+^0VI:08S(Z3?Z
MXOGCIV]^:G>X6Y^W6S_:+XNT;&S9-AA0@9'U'&?2E:^MS7F&FR.X)I%H8I].
M*I#<3G*2QG))'8_X&KEQ$;K6YH5^R2VIB'VB`K\Y?MD_E]*CNC%]KL+2V>:"
M>!&,,:_-%D#(#G\,?CVR*I7#2VT<Z7:&PO=BR7-]%&660`\*,X[;?3D'ZTDK
MK<FZ+$I-LB7=[9+)>P*8EM;=\CRR<9VCG&#_`"]*?%`MOI,L$$LEH89#MW\K
M$"V\!AW!#$9/0CVJ6W$#:G)>R6LBY@7;>EL>8.,8'KTXK-MDF2S-[9))=Z;.
M"T\=R<2M@L,`#[P.0<^H)[XK2F^AG-7-":<Q7MI'%<!&:/[5<2!0?/7`!.[H
M.A).<=.]3+</=&"[2^1;5FVE"JAIFSU&>3C.#Z8]ZAL=1CDMF@E6.&>([8[0
MX#/&0"@PW."/3/?BHW"M#`Y@1=7MU)BM02`N226`SM/4G';![C%:LPTV+FU$
MNYQ=SF:$1;WM'.7.S#%AW89W8(Z9/IDUK+49)8(TFN?-FN2QA01@#;DC&WH<
M'GTXXJQ+')%>02P*LEP'56WDEUB+`8^4D\'=U`X;IUI;B5[>[3]W')''D/<'
M;NAQP!\IXZCCCOTZT^@T,5'%A,+C4!)<1$EKB,C:.1R<=5['(..N.!4%Q<"-
MK)(;I5GG`FFNEC!\Y4!!YYZX/I@8!IUE;0H\D=I&J:40-KERWG#($@8L<\@$
M8.,8'6IH!*FGRQ/Y$212!8"I&UL@,`=QX)(&0"<Y;KQ4.]F*>BT)8(;G4A'>
MV]ZL%BK8<N@+S'/``..1Z$CKD9JA/81^'OBA:>;=M-9Z_:M:7"2KD--&A>(]
M>A4N!SUP*VHKRUO[!5EM8H=3@=GAL5D*_.Q&,@G'09`)YP.1G%9OCRV>_P#"
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MAN([=C$R*0(5!X0Y/S!N3D>A^M)*39:I%K6H7D,%D4`RC;L';M\L`=03\W3J
M,5E*,N:S'<?:P6]U='4+R7]Q%)B`N=OFJA)7('4*22O?GFLJQUR>Y\W4[V2*
M#=*T,,"`J`1GJ2.I&.>W&>E6;E[J</,8((Y8686]NQ(!7.<L.JGVQUQ5C5=Z
MO$GV6"Y975Y%FVIY`(+%\]CVSC(`[G@VDT[`9MX]U')+9S7F0[;V,>$\B+!P
MAQT;MCTS6!##=)9-<P06-P\$I%H(UPB(3ST[^U-DFFOM2U.YT+]X9YU$\-RI
M13&<\@Y)+$9...N!VP64D/V^Q2S,MC!YK*+)X_\`6;<DMGTR%_*O7H4GS1C<
M]G#4^2"TW*]YIT;74]LUN75@\SLS$*\V06W8YP`>/0<5H2&^BMK""9K%-0,F
M%\Q1G8.R^^.OZ5!?Z5J$UW<QK"'CEF$T-T'QY1PBX([_`"AACH<TV)KA)K67
M4[82K\J6-S$Q9HU*C+N.F>AY]SVKMQ5)QL]NAO>W0LRZ9$TTMC-91P:?N$L7
ME/M:20=L>I_3`Q4&GW/G:FFHV]O]F$Y9;J-QND)7@8';G]:271KG4])@22Y>
MY:&02(Q_=M,N>1GL".E:FDVK6LUV_P!E^RP2LK)!N#8(')XZ9XX]JJE@I2]Z
M;*2=SF/%UO)/X1U]'LTVK$\EIY4#)LQ\Q)X]N_4UZ38RW&KG3M4L[L-9M#&\
MNTG!^7+KMZ/G/7MCBL`P37%O/9W(\R*=61).A((Z$?YS47@-IKCP%X>U&2YB
M@CL(3;2_.?W9AE*G@#YBP7:1^-<N8X54X1<7U/-QR]Y,Z5H+;6;^1O,=;.,^
M6A!"!@^TM&..58J,]""#ZU::XO';4O/:VME=Q!:3QX<N>0`0.21Q].:IW=RH
MB^UHMH8Q*LEI(KY5$?[TTB<<*1_^JK5I+OTJ-K=(;87$LBECGYG(($J9]3R/
M:OGXIWW.`RK"*YMP4U"_\W>9'$*R?,F&).6R&YQD&N:M(FN[:[\K[#=VZA3!
M&!TF'4O@=>O)//%:"VRPZ2ZZ4(;B^%M)'>R,S`KA2%X.>^>5ST[5CK+'9^7D
M2::(;I?-,<9*7+$')SGI\IXY&&KT,-%VEJ=V!T<F2-"H,<EW8&YN;S$%TD,F
M5B`_BQGBI#!<6&CBWN)+*.X23%GO4;5].H^]UYI4DAMEU:XNK26R,TA4LDGS
M2I_>4&JH6>"QAFN+5M1T]0KQ*P)G$A/4J/3G\Q72DTM6>FU<NS6+F7RYHK=;
M2YB(O+E6V-O_`,,\U62S>4"?3;(6TEH?($DV29(L'I[]>?2F3-]HL;VV"SZJ
M_P!I420;=AA!ST(ZX((-6-1;?J"164TR74%JS1*"/)8XP`3Z\<T)=27J>P:7
MD:39*><0)S_P$5:S\U5='W_V+8>9@-]G3<!Z[15LXW5[ZV/EI;BT=Z#1WIH1
MDZD/^)UI/_72;_T4U:V/YUDZG_R&M)_ZZ3?^BFK6S_.@"K8_\>K?]='_`/0S
M118_\>K?]='_`/0S13`2]Y,'_79?ZU:/456N_O0?]=E_K5H\M0!F:-_K-0_Z
M_7_]!6M+O6;HXQ)J'_7Z_P#Z"M:7>@!:0TN,TAX(%`&)X@E\F2R=YX(E,I5A
M,VT."I!4'L>_X5R^JZCI7AN*637+EO)@5BWE0_((G^[&P'WF8].^:UO'UQIU
MA86E]KBQFPMYB\SO(4*#:<;<=6)P`O?.*XO3HY]?\36/B'Q5:E($VG2=.X_T
M5&;9'+(/XI&."!_"!FOG<=23Q#G+9(WA\)3MK'5]6U>SU_5K/R?LI=M*T0PY
M6S7`\LR#O(X/WOX-O!YKO+B!AYLAOK8_87R97&]UB(!8,O\`>(R-W7%.1;FU
MO9)KB2.XN"VR24N`EO&._08SQD<\]Z990*@N;L0P6DES(2["7S_/C7G*C.!D
M=@.]>54J>TDF]$MBK#+?[(UHMU:$PR6\GER37$6Z:",_P]/?J<\5#87%XT<\
MLIALH+9PX$@"1@LS;HRW\0VA&#@]6[\T^T>._P!+,6FC^S+=7'FHI&<,%8,&
M(P#@C@C'45/<Q1W=JNER64#1^<-EJUUM<0@\R>O7L*E;M,9`ZV>FW8AN9/D,
MFZ-88\B%"0")#GY@Q/4U%J4EQ8P^38)"#"VZ&!(-WE*%.W;QSN;`)_AW5->W
M-G:7,$ES!'<\EH2BX,$:LJDDGDG<PXJ<QS6]_+<3RBZF&%4[PB11]V/IP#U.
M":([Z`)]GGD1U>^MQ<0,DR%_WC0`\L"OY@$U!#+9O;-=6I$3VT@;S;J(EH(W
M.<K['!P.V>U6(K2.2\N+Z!+>WFNF5(K@2>:)HP.H7.`>HK&CU"UOKZ""QLS!
M:Q_OY1NPK>8<1].[;7^4?=Q2A!R3L!PGB349E\?VM]I:VTR7ZOI\_P`BK"&#
M%XF+=&+`/^/'45MWT2ZI/#$MG+.L,7GQ3PS$1-(/X2PXZCUS5OQKIDNM>&-9
MM;>*$NB"[L9%`\V6:)M^"HQD_*4SUP:RM,,.L:9`ME#/::<\$=U#-#(27+#<
M5.?J>.H*^XKV*4N>DGVT/2P4].1EUM4GN]$>2VEAM+N-LSAOF$0!YJ1;B9KF
M:1EMI(I(0;7RG"O.0.@[^M5C=V]QI\BZ3:0_:KMB7MY_E:11U.*)GLI=SV=D
M+NYTM@J1@E%0G'3UIV?0]"XRT*Z*\<\ELUI;7Q+W$EU<$F-^P`///]:GNYK[
M[5>01SVDSRH#:VKD<+QN)[$XJ)X[6*X4ZC;W$K7[*[QR?/'`0.>>W7\@>P-2
MO?00W#:G=QVWV0;4MKF(;S(IZC@\<@CM2L"T*NJSQ:@]I8W%I)<@HTWF64A*
MJZ*<CY>PYSGIP:VKNUUPZ2AVV=M>2;73RY#)B//+@!2"0#D@9XYJ'2@NG7TE
MA%I$5QI<H6?<SE6\PX.,]QU&T\=>W%7XO%EO?ZIYCQ7$ACW&SM'\N-F;@G@G
M.5Q]X''48XYPJ.K]F)P5:M>]HHS[BPU*,Q3ZK8VCQ26H=DC&9%8#(SW`)[]!
MQR*R;NYO5MH+YX?(#@J9[E@KVV3@8)&2#[\\UMZEKL>IZG>?9M/`O;.V".QD
M)+Y'*C^$>F3DX)P*S)TAB(N=2@N':_PLEN3N2(C'..W7./KZ5M1<^6\S:ES3
MC^\6I'",RM#:D?VLT2$/.H_>1YQN`.5(R$&5)SCL3FK\$D;R,;2X@$!E=KM4
MC/[Z3&68-C('?(&.??%4[BYA,DE\Z0FPABV0W5J?WN20/E(.0<@]L#`/<U+:
M1W$$]K;Q.);`Q^;YA"H\@.6X4`#<,#)[]_2NB,[A*/*0S1V[J9H)G;3=C+Y`
M0@`Y&20.1SMY`)S@=ZG5X%9#(UK_`&:YC%E&R%CG;E=W&<]SDCJ#D#BIX)II
M;:>*XMDM)9#M2T/S1J3]T$8V[6(.1]?7--:&:Y%I-+/$K1*P>!074R$_*0V3
MM.&'0_+@@9`!%[F=QEPL+HD>J7:2WSEO)F6$+MYZ\#`QD=",X[XJK':1J\B0
MM$=3,0$4DRY!3Z<CV!Y)ST'46XVN8;>(SQQSS/*3)=1M\L`!`WAOSSCJ``<F
MI_/D.H1N&C$<B%))6.'C8C@*<@E>0<'.<'IBJV'RI[HROATWV&XU3PU#/:PM
MINHN75(][7%NV60+G^X2ZY'3:<UT<ZV\P+Z9<#[`FX2VP3`).03@8/<#(&>,
MC-<+J5@=&\1Z5J#7!_TJ0Z?>3H?+?<Y\R&3&,[A)D;C_`'L8P,GL+;Q1%:/<
M66H'[.B$1).8@J._?*@;1N[\8KS\70]_VD=F<$Z,DFT6F:Q2V$DIMCHGDQHB
M21DN6R2<G;NZ@D\C@=L&K#V]G:(9-7FCGE><_99#&?W;8^4`$E01_>SWQWI1
M"U]I]H]T]M:I;R$W%O$HDC(_A`'*@C'&>F01Z%P6_BMI'N+:&\N?-VJ8)!B%
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MVR(\LK'=(``0>X`[5[=#"U%54Y*Q[L6WH-N;J=-8AMX&#>9&1Y;<*#G.XGV`
M(`'7-4[XWMNMK&DL=M:F8PDRJ"K9)*D^P```[L<'BH=8U!6E`^QR2);3$R2Q
M2`,&5#P%QG`8KSTYK92\@N;6V2[156\C7]U(H*DD;MK9X[UZ+C"<[2UL+NAF
MG7SW5M.;QXW:"9D$T7"2``<^W7I[5/:W#W)+E-L+'$6?O,/4CL/2HKR:/3K'
M,<&5#!(X5`&YB<`#THM+Q[J66&6V^SW,.TLF\,-K`X(8>N#Z=#6^Y:L47UB=
M+YWBDM]B70MS9D?O67NP_GCTH^'TEI#-J^B7BR'[+J\\8^3,31SXD1&^I8X^
MGO6E"]I=.98$C>4-AG,8#@CKVK&\-WEK8_%K7[<P@M=0VDJS<%H7(,7`/7^#
MZ<UYF:4_:8=^1Y^-C[BEV.NN[NZMI+>&RC262*1AY44/^K^Z$CY&0K*6._H,
M5;>(B.1I-1MV^P2?-*ZJ[B(C+*R]F(&,CK4D,<UI=RW%U)'<3,^V:0L$C@C'
M/U&>N"3S^9;%:I##=7JQVUJ;AV>1E?S?.B4$Y49P,C/'O7QJ1Y1@""SOM,-K
MIMPUK<E<3*JG+`]%R2-Q_3/%<];7E[/8.L=]8W<T4P:0,0!%'T.>P.1VZ<UU
M6FWS22J([4VL878LOFC?-D!E!`QDA2,9Z`8/6L*^^R6-_*-2BB8ZJP6-X\%Y
M4VC._:>#R">G)/IFO0H:-HZ\'/EFX]R"_5M2U$3V]A+.UG'YEK*D^(YN^.#@
M]*D.I2W.FQWEK=6]JRN!<L3O5/5<^M,>U.&@FM9[6VTY]\1MY#^]QUR.]1_:
M(;JQ2#3;2WQ*X:XM)N&V'^+''M76E=GK-VU+GVR>(WLC0P3(Z;[6&!AYDRCJ
M<#D@#OU]*J6B1Z(Z1FW:VL;M6=FN)LL)6ZH`?PXJ2:>VD1KW3+,W-Y9L(`O*
M`#V'L,TV6.QL)C'>I+(+@F<F8[D@(7U]CP?PSVH6NA#?8]?TO_D$V1_Z8)_(
M5<QSFJ>E`'2+$AL_Z.G([_**NFOH%L?+O=AFBD%+TH0C*U$?\3S2?^NDW_HL
MUJX_G67J(SKFD_\`727_`-%FM+^+'O3`KV/_`!ZM_P!='_\`0S118_\`'JW_
M`%T?_P!#-%`!>?>@_P"NZ_UJT>&JI?'!@_Z[+_6LOQ?J>HZ7HPNM),2R!U#&
M5=P`)P.,C/)'<?6@"YH_,NH_]?K_`/H*UI]ZQ?#DKR6MY)(=S-=,20`,G8N>
MA('YGZUL9X%`#LT$`]:049P:`.>\4:59:E+I;ZC`MPMG=^?$CXP7\M@O7CJ>
M/?%9`N$F17LK.V:^#R+$Z_,L,N,[&XX.,>V:Z#Q.LATH/;VZ7,JSQ%8WQ@G<
M!WX[UDS"[FU2-K*:);:)E$JHP`1NL@8=6)&`",8Y//0_-9I&U9-OH;PVL4;B
M-'BC6::S@N9)%-U(HR&F3D`C^)><$=B:EB:"ULK9%:*0"Z9I99%\L)(S?ZM5
MZCG@#L.:@DL+?6KN6*-REE"I`D1`@VR8+1CC#9VCY@<@CWJ\\UV9]0\^"WL0
M75;:YD`?<Y&%)&>3G'YX]Z\JT=+FA6$>XE7L[>VTAP5F@E3#F8GL/XNW2HXX
M()-<6:>Z@7_20SK$N6655VA=^>%*C(7'7(R:F5KJQT\OJ;DW*R;[19%%Q(!P
M,Y`&>IX&"`::-/ET[2YY;6U6[N'5(OLLLBE40.6VC.-V"[')YY'IBFN5[L"8
M2PS!T%G;>>)V*C&_[/*0-N_W/))JK.OF6*C4IK.*]E9$O94X`(.8Q[CCD<<$
M^E7+P:C=7T1TZ6*,Q%3/$K#"-QG<<?.,9&!@]Z@GBBU2[DM[=]MK'F1WCB``
M+`JP!QA\_,#W![GFG%*^HFA$:VM-*8RR0R#[8'GD9?+2%LC[J\D9[>I)-4-8
M2TM[N&XN;(6]IN8RA!\PN%.4Z<%64OS6RCRVEY=)/96]O8Q0HD5TY!+$#Y0P
M[X].WXU2N+>Y&B7$6OR`ESFW&P3,KJ,EU&.Y&57&1T]@0M&]F(@2ZBEU&VNM
M0B6!8Y"+>9B29@PY*X''K^/K7FVB?:O#-[K&A^1,MXEZ=D:/N\JUD&^-AZXW
M.N?]C!Q7H,!V6EW<:NUO*ML0R1M"&>-R.K#ALDX['([]AR7B-)X/%>A7LES:
M-<:M:MIL^Y`4W9:6!CQALX==Q4#Y@>AQ7HX)>\X/J:T:O)-,T+S3[&/24DO[
MU5NEC\I=0'W\9Z`CJ/Z4[[']INKFUGOUDA4(XB0XE!'0L?3_`!J*2Q$.D&"!
M[2/8V&2:#=`I'7Y<_+ZC!`QQQV@NI1#?O:S6RL\\`^V7$&X'8<?,JY.W'!(Y
MZ"NI0:/;56-[%NV-UJ5^?M*S6MM!N@\B096Y7!&[_/M4$MC:VTMY'IFH):-!
M$$,+$>5'DY[\9)/YGWJM"T%PT7]@QM-<Z:=D<MXY`9"#R!Q^'`P,^U:D]FMS
MJTT2VEG);R(!/MXE+CD$D=.W7TK-JVK-$R*YC?3D:_M8)]1O+D*C^2>!QDL!
MVY`'XTZ;2[./2EFU*Z26>'<@OP/G&XXP,9Y[=>Y]:KLIMHHM0O[:=)8`84M8
M'^5D)P#CMU]>3CI@5-!9/:6%Y;S6EFM@!FV6X;(8G)_>9)QSCL,'/6GKW$-B
MT[[0S69U%9K=[5.`0),<$$^N?Y&DA-W=:JEN5GLK.S/EHLW(NP`1U[\`?@14
M37+6MQ:B>SADOKA#'/\`9G.43!Y`'"\`$M_LX],1/;'^SHKC1[":9[:11;3W
M%RA#;FYZ,.A/TXJN5V(O%,L-865M<7$6FWJVKQ6Q7[,1F-=S9+G/'\0R/]TT
MR^LVCM+?58G:]NR(\21?-&G8N`.V,]/6I;EB^H,9=/@\KR&^W,Z`2E0,D@@Y
MV@XY'<>U4+95U(V1EMWL@A80)Y@9749X*9)8YZ].`?I34=`E*-M#0%Y]DNF:
M:'S-6E3]YY8*A\$8`/KM4\#^YQS5BT8""=+6.);V1T>YB>39LRF'+'&,\')S
MP2:2>WN393"ZN8VO0-K3;-R,3C&<9!7'^S@%02IQS%<2&":S$<UN+R\VR2W'
MD[O,4#'!&>I!QTX`Y&*VV1S(8Z6\5CLLI8I]$^87&%.[CDX/J,9Q["E-W%<6
MZJ]L%TV-%_>R`X1E(`4CU^7%7!,\X$]G-;K9HVR;:@8N#T`(`)QR2,YYS\V<
M5&+%3>20O-"UHZ?O()(_F8@9!YZJ.2,$X].]*X]44?$^G0:]I]U97$HAEF++
MIC+*2SR<.&QCLRC&>.!Z57\-/%KGA>+4-<E2Y?!DD25?^/:1<JXQVP<UH6NH
M>=B6:2$K-.XMHUMPI5<\I@C!8@CCD]?F!8`86@P3Z'XXUC1=1:V:WU"-M2W;
M<*=WRR*!@`#."1@8#'KUHE'F@T*+M._1FYHK_P!C)OTBY@NUO$+>7<2%))G4
MG&QN>,9^7U&:V6N+*SA:.UFMTM;AB;F"X)5CN_ND]^V%)Z"L*.*[6QAN4T^S
MFNXI2MLUN<(L7TSCKD>V:BN-,M%+Z>D$]S)-FZ5I')C20`C!(Q[@GKG&>V.&
MI1A)\RT'4PL)NZT-.]U.TO(;?1;;>ELT98-<(RLX5FPNQ@/J6_QK-32EET];
MV4IJL]NKM'';D*DASPI`ZG)JY-]LD^PF:"Q?42<3>:`2J'[VW)]^WKZ5$^GJ
M_F6T]J;:RMI?.MVMI/FF<`G'4DG&3G@C'!X%:4XJG\+-J5-4HV0FD6*QB\O;
MB:6`W.)9(2Y4VYV]\'^[@<]@*BMK.$RVTMOJ(GBGE<R^>?GFZ84?3T]\U/IZ
ML]X;R"V2*TOE9[CSOOJ06'`)P%/4>H)Z<"HXX+G[$T]M8V,SV\V;)(1A,$\Y
M`8<]^O6M>>;>C-$_(BNX9].5].TY);>!E\V346?OUVL?48''7D5O7:6D>GO'
M=%%M8T`^=@`N.!@GH?>L2[L[8LUE);W$KZBQF9EE/EQ2@$X)7'<D$CGISTJW
M'%=7NEVZRQ1K>V3*[12'*2D`CDCU&2&YPW8XKTL#.-W%[C6FIH-#;:G8E&9+
MBWD`Z-D>W/K265I;V?FI!N:1CND=VW.3C`R>O2H[&SN+2*XQY*2S2M((XE(C
M0G';OT_$U8M;46H.Z1I))&W23]V;Z>GM7J*YK?NB)&LHM2:(31)<R)CR_,`+
M#Z=S61-$UG\3=#OK.*(75_:75D&E''F!1(A/_?+"K3:1<M+)&!;""2Z^T_:"
M"9AC^#^@;/`XQ5/Q:\MG<Z-K)F58=,U>VFD7;\VUW\MSGTP_2L,1'GHRCY')
MB4Y46CLKE(YX8O.FLHYI)$\]\95[A`,*1QO'0$<5-#)!:V%HO[N;=.Y,DOR!
M9&)_=JAY7).`#T`J*2PMM9U!X;=B+2`E0T:!%*.59HQV8-M!W#D$,.:OF:[\
MS43-:VED-P2UN&(;S&P0"P'/I].G.*^$5KGB=#"U&UCANX-8%G%!8VH(E105
MD5RW/`^\!ST[9]*JZE&MY&D]VD5C?0B0V;@B1BJ@'<./NG##MDGCI6_(;BST
MX'4YF^U"0M;*Z"=U'0KD#YOJ`"`:Q+R%M)T2]>2*&2XMB8K&-T5S`\B#:A/&
M>6/)&2-N2<$UK1=W;JAJZDK&'?PRV32V^E)<,EXY>>Z#Y$6?XO84^]TVR$$3
MW5Z8;F0)%]L'WY`,D#(J&2".&&*;4+.>26]1(9;>)]R)TQT/L.Y_/-2F&YM]
M&$%Q;V(ECEVVHDPRKZ<L>&ZX.1UKTSW[=6.&FF_GN8KV\2>*.42(D#8>,_[7
M\N?K45H+G59)FU)&MX1$\)L)3D2*!PWZ]?:IYK.1G-O)8I''>Q'[;<12[2KY
MYP#GC..,8.3Z&JP@EFE,VD6S>?98MGENW)W1XY(Y&2!_^JG%Z!):6/8])01:
M/8HHP%MT``[?**MYRU5=)_Y`]C[VZ?\`H(JW_%7OQV/E7NQ0,4CD]J<:8Q(/
M%`CG?%=Q-;2Z?-;R"%UED_>E0P0>6<DJ2,_2M'0[I[RQ\Z2[M[P[B!+;C"_2
MLKQGGR[0(JR.6DVHT8D#'RSQM/WL\\=?2KOA2(PZ*J>2(!YC$(L`A4<_PJ`.
M/J`:!FC8_P#'JW_71_\`T,T46'_'LW_75_\`T(T4Q"7OWH,_\]E_K61XOO$M
M;&%'M?M(DD`"@MN!7Y@1L^;J!R.G6M>]Y:#/_/=?ZUB>,A9R6ENFHS;(S(2J
MCC>VT_Q;EQCKUY]#TH`K:+KDEN+Q(]&U"=6N2P>W"R)RB<!BP)^M=!8:B]^K
ML]A=V>S&%N4"EL^F":H^%"6TV<ODDSMR<9/RKSP!U^@K:'`QVH`?VH^M`I&Z
MX%+8"EJ^1I5PZ`$H`X![[2#_`$KE;N&\N+NWNFDCM;:V8&4K)Q'A]SL0.NY<
M+[<UUVHQ^9IERN,YA<`>ORFN0@@M(98[2_F&7)411*?+,;_<60G^(GOU)KPL
MT7OPE\C6F+>3QP#SEMX!!YZR6K"7$;LW65P.0`:?8OOL%DM((8VDGDWL#PTA
M)'F)GJ/XOI5._N9;`P+;VMJ[Q,\:Q"+=Y8`^2+/8MR=W3Y:T+BWF6W+S7-L3
M8/\`+*^>(L?,65>`^"1G\>]>&HQ3-BK8)/8V4EK<-%=7P8306TLGS#``9@W;
M/+?B:9Y]J=42V:".=#>H^6D)E:3;N64>J#.WVP:GA^RF-;RV93+`WE27%TF'
M@3KM(ZGKP3V:HM-N[J1IWB@AMTMB"JNFP89V#1;CW`"L"./FQ35I-I`2ZG;:
MC<RK);M%;I#(V]EEQMY!$A]?E!&/]JG7]U&MM-=1V\4EHS)+%)')@3/@#+#'
MW5P"?I3)(K>SG^SWLZQQO)Q'&I;]TV`?-)Z@G`W'VQ45[(VF0^3:PVV+67"0
M+&Q\M=I(]R7.%XX&[FB*BP+&E3![::ZBMK?>URIF99,QR$`8=">O^(J*RM;B
MRBN(-1>*YNK@J\-O+)GS9%)W./[N<CCV-3-;7,T!666U#VQ6:(R=(PP^97C7
MC(R<$^W<5%%)8W%O]IM&,DUM(-LMW&<P1MT(XR5P#@FB-DF(IW4D,.O--)'`
MAG58;KS'WM(6'R[01AE5L@CMU[5@>.]*75O#VJ1+:1QW0@$MOJ`;!$\;!D7C
MV0KD=O2ND@FN[F]NHXH[:&.(,Y9HMJ$$XPS>C+\V5Z<4Q+6*RA?3[EK:/3;2
M/:T;(S,26SNW=P00.`.0<<BMZ=3D?-U0K:G):!<1ZWX:AE-N;>RN(E>.-GR&
M3!.3Z$-GGK5]9&.CNT]FAD56A,"D$.%Z(&."1C''/3ZUR^GQ6FGZ_K&A75V?
M[+AG%W9*/X896R-IP<8?>,>_;K70@EF0:@UJMTCLU@%!QG'7'?\`$]1W->RT
MMUL>I3?-&Y`T4$D$$T=FDE_;1A19>8/W29)9\8P>O;/)YZ5+<:2UI<+_`&=+
M)%)/*4FN4DW2!2QQP<],8P,9Q3Y@I"G[5#%JQB`W(H4$>W''1N#SSFHH5VW)
M:Q9/M_F()Q/E1@8YQCY3W/)X],U3LS12:)%!@UH7T]LAD\KRWNC-B(=L%<9'
MX9Q5>QT^XNH+FTU.<SV;2K*CJY_>H=Q^\"&'3/&.3CM5Z%[=(6^S/:_V7AWN
M`4)9C_$<D=AG/&"#CN*I3I"T9,MXSZ,"$"@8\MB<Y)P2"6!/(/WL8ZY5E8IR
MDR[8QF*Q9&M885B+1*BA6#)@8`/'7OSZU4=8&@BDCM$CU&V0F.R5^%!)).",
M'`]/Q]*M87,?VMK?R%E!T_.<D[1M)Q[$=>I//44V;9MB::\@BU4IF*5(^""3
MG`(X_CZYSDD9HNB22<-%?17BPJ]QO6.0L^&2(LHXQD$@DC&.0?K@N&2"\@4V
M<;)""!<%0IMQ@@#`XZGH.AJE#&\8D$#)+JZHH<2D[2G&2./O?<'7HV0%+<WH
M7B+,+&6V,+R.]T"I)9\#)!(P![XQS3T"Q#:VT:>;;6<8DT]P#&Y<.+@$@.IS
M@C/3'L,U/8)BSD3[-"D-NQ6,?>#(X!ZGD%CG(R>6.:H3+`8W-K<H^EE2&C5,
M8)[]"1\P'8Y(P5(-6!]F`V730/IF]#9;BQ+D#*L3CWR2?4=J35M1$6V)[1%%
MHMM>V^9+?3U;"L20<@8QP,'KGC'?%3S!HO(NA;I)/&%`#-@Q(<;AQQP2<<9Y
M-,N(V=[8W=[!%J6YFAD$>T=?3'&..2?H*K1QA)'1)/-UC8-J2$J&7KG&`,^A
M]QP*;789?NT6UO;<I:1RK'(6\S"J;<#G/MG(./ZD8Y+Q/:1Z6MKK=E$+BRL)
MM]U.7+F2.7$<B]`>`0<?[.:ZZ%P\\SV<UH)#*?[0.PG>P&!MR,+ZCCL<]#69
MJ%M:7FGW%M9W"?V7)&\<\"KW(()P!D#E>>/H:<9),B5[$EG?PBY@-G*\-J]O
M((K%D.^0C/\`%Z'U--D-O9^&(45[K3#+*"`&+.">/8@''MTJEX,U.[O=(T\W
M$5M*UFSV-S=2GYT=#@`9[L-IZ<Y[5;9V^U3:REA=E@_D/',X$87^^`1^N<5R
MU%RNQV0:E%,=-)+'=J=3M@EVI:*TNHERL:XX=QVY)_6G6[QWCZ27\W4&0LYN
MXR55&4YP0?H.N.U:$]Y-'-:RP3VQL95;[\@_>.0<#-47FE30C97E@Z23N8I8
M]/(5HE8\'O@_7]*2>NI5]!)IKFXO[]]'F-W(&2*:WFXC1#P2OKT/YGKQ3+6^
MB@GM(K"4V4#-)&+1U.96[D?F.M7M.=K:2?3##Y3P@BV:9PQG`R-Q`Q_L_@1Z
M5#%=W4GV7STL;@Q2,MS*"#Y'ICTIO5A;8K#[/9>&IGQ=:;]IE(R!N<'=V]`>
M:DCNM0M+Q?M<>89&2"WE0;MZ8!W..W7/L>/>BZ9GO;K4([&ZEGM"L&R1@(V3
MGYL$>_KC@'M5ZYO)GFL9X;JS6RD;:[/)R6/0`]^_3O[55.HZ<U*(%6XUA=0T
MB5;,2!MX1VBSA@#\P#8X)'K5C1`4^U201O%9NZ^1%(P8C`^8C!.`<]/8^M5F
MFFM='N8KC3O*=Y?+,-DV'V-_%QG'2ET^&"SN_P"S9+=H!'\UO+-(`\P/)&!C
MW]J]&GCW]M#U;-:%[IC)'<QE]G*3*.&'H1V(KEO&6F3ZAI>L0FSN+F66#-C)
M&V$B95R,\\?,,Y[]*T(7U$1JDDUO+-'-BXVSD"),#KSZYZ]L5)-)<O/<M:Q:
M@?L8&(S,1%,#R21U(QSP:U>/IO2Q,_A:-_2-734/#.F:O':0QK<)#-!F3:F]
MT&^20`<;7R/K6Q8;9-,$EC;Q1O/-(2^[($A)42)GJ">?I7G_`,/]4DB\*KIT
M4$=Q)I5_<VJC`<B,NK1Q<=0RR'V^2O0)H)$A#7%Q:L+)^97!.(B,G*J1M?;P
M#^76ODZU-0JR3[GS[TT*]D)[*T-K<^3<Z@KB>&VEFR5``#-GMD@MCWK$UB[M
M[2^OQF*W@N`%EEDDW.\BLKJ^.ZD,R@]L'O6]$+(1I>P,/-CD\J6XNT/F0H3]
MTC'<'&6[=:K6)GO8;I)[.UCMX2`T,L86,JS-F$D]UPK!AQENG2HISC&5V"=F
MFSDXA!;IK-\]M<6;,Y#2$AMWHP%4G:2+3XGU&!K_`$]422";GSFD)(Y%=C?^
M'M(2^C34II4:.16M_*+MLCZ#?G(P6XS^%9FKM=V1,=O-;1M:2[;@RG@)@$?0
M\BO1IUH3V/8I5U5]U=C&GE2ZL[RSG>35'-TN8H1M:$'/K[@_2K.ISR#4DM["
MZ8306S,MNV3'*<<!B/3D?A4YNIK:2^G^QQ,@&^'R""]PN>3[^O\`0U2LF72P
MD3P2I;W:&03W<@+*QX\L<#G@?6MXV.AIGLVD[O['L=ZA6^SID#H#M%6^,U4T
MO/\`9%EN/(@3/_?(JUU:O>6Q\K+=@V2,BLW4=5EL)$C32[Z[##.^V16`]CDB
MM//I0V-IS0A'#^(]4?4!`CZ7?VGE"6437"*F"$.`I!//_P"KO6YX3E:?2#*\
MDKLTSD^;G(YZ8/*_0\BH?%LJ6Z6<TGEE(S*Y\U=R\1-U'?Z5<\,R)<>'K.XC
MBAB,L89T@`"JW<8!..>W6F!<L?\`CU;_`*Z/_P"A&BBQ_P"/1O\`KJ__`*&:
M*`$O^MO_`-=E_K65XI@U":V@&G6DEPPDS(([EH2!M//RNI;KTR>U:U[U@S_S
MV7^M,U#2K34P@O$+B/)7YRNTD8R"._H:`,OP>P;2Y0@.U9R!N<N1A5&"QY)]
MSR:Z!B,5SVF2-I!N;7^S;UXUG)B>--X9-J@'.>3P:MR:]%"F^73[]`3@;H@.
M?Q-`&L.E4=4U'^SEMB8RXGNHK<8;&-YQD_2JD?B6VE/[NSO&^4ME8P>!U/7I
M65KVL+?C3TMK2Y+1ZA;2ME5^Z&R._4CH.](#JG!:%E[%3C\JXA+ZQMKZT&I+
M"]ROR))%T@`.U=V3ECGGH<9/2NDEU^.W0>=I]^@)`W-"`"3VY-/&L8`_XENH
M\\_ZC_Z]<>)PBQ%KNUBD['.P78@OC/<SPS7,S>6NR15CA1<9/J`>N#GFDM_L
M4#7MU%]GM9;B7]Z'F$FZ(9R54=R">#Z_A72?VP1R=-U$_P#;#_Z]']K^NFZB
M1_UP_P#KUQ?V3"]^9E>T9RL-U9W6FM#H[KIZER)M[KY@!`(8,20<C'!]>U27
M3V6H:4+-XXC:^>J!#<JK*@/^LZ\>PKIO[8(Y73=1_P"_`_QIHUDD_P#(-U+/
MO!_]>E_9$+WYF/VISFH7FF6M]"UZ()MC9A:(;O*B7'+$GGMQS^-2><8-2>]N
MYH[J0,(H56552,<Y<D].,=SD].M="=8_ZANH_00?_7H_MH$<Z9J/_?C_`.O1
M_9*_G8>T.=7[-]OO[ZW^S074K!/,><.KQ@<N%!Z]L>U06=Y93V,T&AO%:[F!
M<.0ID1LX92<XZ'Y2.,8Q74_VP>^F:CC_`*X__7H&LGG_`(EFHGZP?_7H_LB-
MOB8>T.;N9+>719+%($GA!6/FY6)WY^9QSQW/]*IWSPVM^A4V]Q8QVC1I;1X=
MY-F,(Q.1@[VX_P!FNH'B:T4L!;70VY)^08&.O?M3CXCM4P)+:[C.`X!0#*DX
M!Z]">]$,HC'[;#VAXIXFU.)KG1M?BM4:2.[DTBZM)#N`B+GRR20H`5P".APU
M=#=QRRWWVJ*>!IEMPD4,@R4<]3NQT.#R",YZ5V^@:C)!:7@FTV^?S+^XE79$
M&P&D)'?@UJIK\4K.([&_=D.&58@2I_.O0CA5&"C?8TAB'!6/,!<21O:B6V47
M+*3/<*0J(,G,0XS@G''JPQZ5()':XO"ABC\Z$^7>D;6W=!N`&<#'4CU]:]0&
MLYY_LW4?^_'_`->D_MG!_P"0;J7_`'X_^O0L*NYK]=?8\KAAEMO(0?9YK6.(
MM*8E7+N`20JD=&/!)'.:6.Z\_2I$,2(6!V6;@,NT'/EG(X4D9&><$_6O4QK7
M/_(,U'_OQ_\`7H.K8Y&FZC^$'_UZ?U9=P^N/^4\N/FW-Q;S&2!6B@.VV8@E)
M<8R&P0!TY]!CTI@N'@-K]I@5KMV/FW*'"0*#]T$CH1G(/KQUKU+^V,#G3M2_
M[\?_`%Z<-8!P?[-U'C_IA_\`7I?55W#ZZ_Y3S$2L+^1U\H+)`0MZPPRMP`",
M`LH.#DCJ2<C`%5[:*6!+6'S8)868FY>+&YF.2"..21CYB._:O5?[7Y_Y!NI?
M3R/_`*]']M;?^89J//\`T[__`%Z?U9=P^NOL>7V]WY]E+&L`MPX;RK,D,"O'
MRD;<!6(/ZX]:;*CWC6$ER]NB1HV^SSGY_P"%D/.,`J,Y^7D9KT]M?CB*K+8W
MZ%CQOB`_F::?$4&W?]CO"FT.6\L8VGH>O3CK2^K+N/ZZ^QY3)J$EK)81WENL
MM[=S,GVB%@$MMHR6&?49SS_#V-7VNB-5C:&..2%HF5IR?FBXX`X!=<X/3''4
M5VNH:Q]JUO27@M+MUM;F0R@*,C,3#&,\G+#BM67Q`D&/-T^_0,V%+1`9/H,F
MCZLNX?79=CRRVBN[=;9$GMY`\K-=7"#)R3]\<`D]><$=O>I[:Y22.6)85LD&
M?*@`!S[[<8`/Y5Z>-8VG_D':B2>_D_\`UZ&U?O\`V;J/X0?_`%Z'AEW!8U]C
MP>WM[:#QA+IVHP+;6NLP"Z$$<@V)<1?*RJ1P`4*>O0UN27<<ENFHZBL\,94P
M&P!R'ST/;M_*O7/[7W8)TS4./^F`_P`:0:OSQINI#V\C_P"O2EA5)WN5#'R@
MK<IY5<"U66U3[-`^F1(93*7^:-@..,]?J*19K..07&EPS/\`VDVR65'VF(8Q
MNP>GKSZ5ZP-9QP-,U'_OQ_\`7I/[8_ZANI?]^?\`Z]3]3CW*_M&7\IY1I_V*
MWO#"S?:;^TAXN),CS#C(4'/;=CGL>I%,@%C)9&UU*&*SNKQB[K$Q;)!X.>0/
MH>*]:_MH@?\`(,U'_OQ_]>@ZQG_F&ZC_`-^/_KU/U*/<?]I2_E/)&N4EMX[N
MY^T6T%@3!]D5MWG*0%''?J/;C@\5*39M;:?;6EM!)IN-\C,Y5HQC/KQ^.<]*
M]6.L8'&FZB?^V'_UZ@C\26LF%BM[MC@O@*#A1P3UZ4?4HWO</[1FOLGE\LUF
M)QJ6GVTD\UT?)D<-L\L="<'IV]NE5-$GT^XE59I9)KBV:54N)_X<2;2`<X/K
M^->N/XE@5]C6EZK@@;3&`<GIQGO6=X<U&6TT<I-I^H2%KJXD4I&&&UIG9>0?
M0BG]22ZA_:4_Y3SRV:SELWBUBWAM)[]SYB1,6W8[[@2!R3C^E`D0QJS-/96^
MER!5C!W?:!V_/IZ<_C7JT>OQS,?)LK^4`X+)$"`?3K4G]LMG_D&ZB/\`M@/\
M:%@DGN#S&7\IY'X&NK32/B'J<%I$(X=4LH+M"\FP1[&,<F<GKCR^.>?:NVC:
MP@^WW<7V:V>XE/VA99A('C7/S*H/4Y/'O72-JO[S>=-U$G&!_HXX_6E&K''S
M:=J/_?C']:YZN6*I/GYCAE5YFWW.8MKJSN]+^S:/*FGP;]LH=E$F#@@@MD'(
M/3G@XXI]Q+I^H:5'8R6L9M?/5%0W*HR(.=^/J!Q72C6"#_R#M1_[\?\`UZ0:
MQGIINH_]^/\`Z]9_V1!_:8O:-'*:SJVFZ;FXNX8;UK89MEMN2J#``8D_-R1P
M.F>_6N5NKT7UC]I@ACNI+RXWW,<K>6?J.>.@'4].AKU4ZSDX_LW4?KY'3]:7
M^V2!SIVI9_ZX?_7K:EEL*?VF;T<5[%WM<\HFETZ-Q?:9;FZN+']RD2DJ.3C(
M!Z@#IVQ4216$=R8-0FEN7N'\^+S>1"P'0G/'/\AQZ^MG6<]=-U(?]L/_`*]1
M2^((X"!+9WT9P3\\8&0.IZ]JW6#7<V>82?V47M*^;1K(CI]G3_T$5#>ZFEEJ
M>GVC*6-\TB@@XV[$+_TJJGB6V,9?['=A0>6\L;1GIDYK-U+5/M?B'1I8;&[8
M6TEQYJA`6'[HK@#/7)&?3/.*[EH><V=:/E'-(QW8K+DU^*)T26POD+G"AH@-
MQ]!SS3O[8X/_`!+-0_[\?_7H$0:[;1W^H:=:3[Q'*TRGRW9&_P!4V<,I!'7L
M:T--L+;2[*.SLE*PQY"@L6/7/4UG-<2WNM6++97420%W>26+:H!0@#KUR16R
MN2V?>@""Q_X]6_ZZ/_Z&:*+'_CU;_KH__H9HH`2^/-O_`-=E_K5K`/7TJK?=
M;?\`Z[+_`%JPQ(8`#K0`!MO`%4=7TB/6+>.*61XMD@D#H<,I&>A[=:I65O>7
MZW,K:Q>0A;J:-4BC@PJJY`'S1DG@=S5@:9=C_F/:E_W[MO\`XU0!G)X-BA0*
MEZ^SR9(&'EJ,H_7MC/"_D?6HHO`=E%=13B\E+1R+)C:N"0P9NW<J,'JHSC&:
MU_[,O/\`H/ZE_P!^[;_XU2'3;S_H/ZG_`-^[;_XU0!FS>"+*6[-S]JN`[3^>
MP.,,V\/S]"#CZUTRC`'?%97]F70&!KVI8_ZY6W_QJ@:7=`<:]J0_[96W_P`:
MH0S6SGM1CV%90TR[[:]J7_?JV_\`C5*=,N_^@_J7_?NV_P#C5`C4/TI,^U9?
M]F7?_0>U+_OU;?\`QJD_LR[S_P`A[4O^_=M_\:I`:P^E+^%9/]F7?_0?U+_O
MW;?_`!JE_LN\_P"@]J7_`'[MO_C5`&K^%(PXQC\165_9EW_T'M2_[]VW_P`:
MIPTN\Q_R'M2_[]VW_P`:I@9?_"&6PN7E2[D5G9VVE%*KN!'`QQ]YCUZFFW/@
MF*\6,SW\N^&W^S*ZQJ,H-P7<#D,0K$`]B2:U/[-NP?\`D/:G_P!^K;_XU1_9
MMWC_`)#VI_\`?NV_^-4`4#X-LGT_[&\\S1^?Y^>`1\@0#ISA5'/4\FKVB:)'
MH<4L<$SS++)OS)U'MF@:7=DY_M[4L^IBMO\`XU3CI5V>NNZB?^V5M_\`&J`-
M3\*7'M63_9=W_P!![4O^_5M_\:I?[+O/^@]J7_?NV_\`C5`&KC':C/M65_9=
MY_T'M2_[]VW_`,:I/[+N_P#H/:E_WZMO_C5`&J>>U`X[5E?V9=_]![4O^_5M
M_P#&J/[,N_\`H/:E_P!^K;_XU0!K?A33SQBLS^R[O_H/:E_W[MO_`(U2?V7=
M_P#0>U+_`+]6W_QJ@!NN>'XM=ABCFF>$1!P#'U(9<$?0UGQ>"[>WE:2VNY8V
MF1!,2`0[(Q=2%^Z`&.<`8/3UK3&F78_YCVI?]^[;_P"-4G]F7F?^0]J?_?NV
M_P#C5`&98>![/3[JVFCNYF%L1L4A>0#N`SC/WB3GKT'04Z/P-9Q7*7$=Q*'6
M99B#@@D;OS^]6@=,NR<'7M3/_;*V_P#C52#2KS'_`"'M1_[]VW_QJ@#14;!C
MK[DTXGVK(.F78/\`R'M3_P"_5M_\:I?[,N_^@]J7_?JV_P#C5`&KVZ4#GM64
M=+N_^@]J7_?JV_\`C5*-+N_^@]J7_?NV_P#C5`&KCVI._2LO^S+S_H/:E_W[
MMO\`XU2?V9=_]![4O^_5M_\`&J`-7\*,X[5E?V9=_P#0>U/_`+]6W_QJD.F7
M>/\`D/:G_P!^K;_XU0!JD;AGI[URDG@"PF1TGN9WC<$>6A"!023@8Y`^8\9P
M:V!I=V5_Y#VI?C';?_&J/[,O#_S'M2_[]VW_`,:H$9<_@Z.]E$UW?2[RBHYC
M4#=@$?GAB,]J=_PA5G)9P02W$I\GS"K*`N&?'S`8X(P,'_&M'^S+S_H/:G_W
M[MO_`(U2C2[O_H/:E_W[MO\`XU2N,71M&CT:V:"*5I%:1I.0`>3GFM0'VK*_
MLN[S_P`A[4O^_=M_\:H.EWG_`$'M2_[]VW_QJ@#5SCM1GVK)_LN[_P"@]J7_
M`'ZMO_C5']EW?_0>U+_OW;?_`!JFP-4\]J,>U97]F7?_`$'M2_[]6W_QJE&F
M7?\`T'M2_P"_=M_\:I6!FIT[4?A64=,N_P#H/:E_W[MO_C5`TR[_`.@]J7_?
MJV_^-4"-0Y/&!61K6@0ZU/#))*87A!`9%!)SV.>HX''M3_[,N\_\A[4_^_5M
M_P#&J7^R[L=->U+_`+]VW_QJJ&9B^#88X);>*]=;>8J70QJ<LN,-SWQG)^GI
MRMAX*M+"^2YAO)F*DD*0N.(V1><9X#MD]2<9Z5HG3;O/_(>U/_OW;?\`QJC^
MS+LCG7M3/_;*V_\`C5(#/M/!%I97UO=6US-N@).U\,K9ZDCU]ZZ7H<XK*_LR
M[`_Y#VI?]^[;_P"-4#2[LCC7]2&/^F5M_P#&J`-4Y_N\T@'(]:Q9(KVQU;35
M;5KNZCGF:-XY4A`($3L/N(IZJ.];>`#[YH`K6/\`QZM_UT?_`-#-%%C_`,>K
M?]='_P#0S10`E]]^U_Z[C^1JWW_"JE]]^U_Z[C^1JWW_``H`R]"'^CW7_7_<
M?^C#6F1S69H/-O=^U_<?^C#6H3S0`G:@<TN*3I18!&;'2J^HW@L=*NKPIYGV
M>%Y2F<;MJDX_2K.W)JOJ%JEYIES:2,52XC:)F7J`PP<?G0!RFK>/CIOPSL?%
MJV2-]MCM'6WFN!&J>>R+\TF,`+OR3CM52'XC3R:-;SP:=97M]?W_`-@LK;3M
M26=)'"%V+2[0%"J"3P?UI!\,KQ_"<6@7'BV^GLK9;<6H:S@!A\B1'C_A^;&P
M##9S5ZX\#7%WI44.H>(;N:]MKP7=EJ$5M!%):N%V\*J!6!!(.X'()H`Q[_XJ
M7&FZ+:W%WI5E'<3:F;!@=6C-NO[HR!_.`.%P,<@'-3?\+2BM-4\-6NJ6MLL.
MN^:/M=C>"XA@*NJ(2^T9#,ZKGC!(IL?PCA@MD:#7;F/41J7]IO>K:0@-)Y1B
MVB+;L"[3Z=>:TY_A[;ZBL?\`;VH2ZF4L+FQ?,$<6])GC?.$``93&,$#WZT`8
MEG\4]4U2&&32O#*W0.E#5)Q]N5&1/-DC*J-N'/[K/;K7?Z-J]OKNA66J61/V
M>]@2>//4*PR,^]</:?"--.M;:#2O$FH621Z6-+G\N*(M/%YCOR2IVL3(>17=
MZ;IUMI&DVFGV2"."TA6&)<YPJC`%`%S%)BC'<TH.:`$Q1FG$X%)C-`!0:.E(
M6[4"`'-+2;=M+G)H&&:*2E#"@!#FBE/-&.*`"B@'G%+GG%`"9I"U+@&DVT`*
M#2TWH:&;;0`4F<4X'<,TFW-`!FEH"TN*`$I,TK':*3MF@`S0>E`'&:3=DX]:
M`%!I:`H%!-`!FCK2#DT[%`#<TN:0C%*!0`49H-)WH`,T8S28IP-`"8I:":`:
M`%Q29HS2&@!<T4E+0`HZ4T]:<.E-/6@#,U#_`)"ND_\`7S)_Z)>M/O\`C69J
M'_(5TG_KYD_]$O6E_C0!7LO^/4_]=7_]"-%%E_QZG_KJ_P#Z$:*`$OOOVO\`
MUW'\C5O!S56]^_:_]=A_(U;SS0!E:%Q;W?\`U_7&?^_AJ"Z\6:/::FVGW%TR
M3(0K'R7,:.5W!#(!M#E>0N<X[5/H8!M[O//^G7'_`*&:SK[P98WNKSWLEQ=B
M.>9;F6T20"*2=4$:R$8SD*%XSC*@]J5PW+MEXETG48H)K6_@99Q^Z#/L:0>J
MJV"1SUQ5I-5TV5HO+U"UD\\E80LRGS&'4+SSBN$D^$-C#>V/V.\*:?!C[3#(
MNYY0-^`'S\OWSR.:U;3X:Z3:W23I<73R$$2N63]Z/E`'"_*1L7E<'KG-"`Z6
M/6=-E\L1ZA:LTI(C`G4^81P0.><'TJO=>)-*L[(7<MR)8V?RT^S`SL[\DJJH
M"20!DX'`KF[/X5:!9VMM`'N'%N01(S+EL.C@D@#_`)YJ,CM5NQ^'FFZ;HD6F
MV%U?6_V>Y-S!=1NHFC?;LZD8/R\<@TP-Y?$&E/")OM]LD8B69S)*$*1M]UF#
M8*@\=?6I)-7TV+?OU&T1402/NF7Y5/1CST/8URUU\+]*O+F]GN+R_G>[MEMG
M,\JOA5,3`\KR=T*GGN6]:BD^$VBR"<2W6HS>?:1VA\V57VI'Y97;E>#F)#GZ
M^M`'0W_BS1]*U&UL;VZ=9KM4:,K`[H0[;5)=057+<#)&<U-;>)-)N[1+B+4K
M986B$P9Y`OR$@!B"00"2!SZBL.]^&^DWUUID\\]RS:9;16T98HS%8W#J=S*2
M#N`R5(.!BJUM\*]%MKI+GSKR5TAB@599`R*D<D,H`&.FZ!/U]:`.I&L::AR=
M1MCNC\X#S5_U?_/3K]WWZ4Y]7L,.Z7UO*(XO.98Y`S!,9W8'.,5S$/PQTNWM
MI[>WNKV**>T6V94D4'"@`'=MR#@8QG'M3M(^&6CZ/</<6DUX&:Q-B0TB@%"`
MNXX`)8`#!/3GUH`W-.\3Z3JMI;W5O=;([IMMO]HC:!IN`?D5P"PY'(J0>(-%
MR@&LV!WC*@7*<CU'-8K?#K17ATR&&)K6+3D$:QVX5!(N^-_FXZEH4)88/7DY
MJH_PI\/RP1QO"R>5:I:@IMSL2.2,'I]XB5B3ZX-`'17OBG1=/C+7.IVW^L:(
M*L@9MX0N4P,G=M4G'7BIWUS2H5F:;4[2(0L%E\R95\LD$@-D\'`/!]#7)2?"
MO1W>]+W-\QOIVG8M(K%2T<D9`)'3;*?R'I4Q^%VAF6<NUS()7=@KLI"[O-R,
M;>>9W()R0=OI0!VH=#%YB$%2-P(/&*S[/7]*O[R>TM-0MI[BWSYT<<@)3!P<
M^F#Q5NV@2TLH;:/.V&-8UR<G`&/Z5Q$OPU\R#5+8:M(L6HW#7&P0D[29?,PV
M7PR]1@`9X/:E<+'=&9%4DL.F?H/6FF5$SAQN`R?8>M<#'\*XDL;RQ&KW#QW$
M<*F26(-)F,QG#-NRT9\H?)P/F/-,N?A':3-,4U>Y4S(D;';NWA$@4!LM\R_N
M,X_VS3`[:^U[2M+NH+;4-0MK::Y&8HY9`K2<@<#OR0/Q%2V]_97:>9:W44R_
M*#Y;@XW#(SZ9!!'M6#+X&TZ[N]+FO7EN1IMH+9(O,95D(='#/@_-@H#@Y&>:
MY_\`X5%"C1^1K,L2K/;W#E;==[O#&J*2V<_PY_X$PYS0!Z#<WUI9PF:[G2&(
M?QNV`*CLM6L=2B$NG7D-U%T+1.&&<`]?H0?QKCV^%NG&&X`NG$MQ&5,OEC(8
MW!F9NO4Y"'_945%8?"Y-/UC3+R+6)V33IQ,L)B`$A\M8R"<]"J^E`'96.O:7
MJ<D\>GW]O</;N8Y1&X;RV!*D'T.01]15MI8\$EP".N>U<=-\.[6;0Y;&.Z>*
M26]FO)7D7S4=I&E.TQL<$#SCCIRJMU%5I?A3ILWE![J1RLTDLCRKN:7<\;?,
M<\D"+;GT8T`=O+<P0+YLUQ''&,<LP`Y.!^9.*(+V&ZB\R"9'5B0I4YZ'!_4$
M5YY'\)+=9)A+J\LXDM8K94DMT*J(Y(G4]>?]5CG^\>:G'PJ@_P!*636+ATN4
MD1LQC<`X`V[L_P"K``.SINRW>@#T$,&4,#N'J.]5]0U"UTNSDO;^988(QRQ!
M/).``!R220`!R20*K^']'70-(CT^*7S8T>5D.W;M#R,X7'H`V!["C7=(AUK2
MWL;B22(,Z2I)%C<DB.LB,,\<,JG!]*`"V\0:7>62W-O?0^4REOF.PK@X.0V"
M,$8.0,5)'J^FM*\":A;F:)E21/,&X,R[@,9ZD'-<UJ'PYLM4@N1J-[>7=U<6
M\41NI2A=-D[3#`Q@`LV"N,;5`JM-\*M,FFMV%]=)%!+!,J*(QN:)$1<MC/1!
M^9]:`.T%_:N5"7<)W/L`#@Y;^[UZ^U(NIV3[@EY"0N06WC`(Z@\]17(#X7Z7
M]FL(I;F<KI]U]HC`2-<CY.&POS']VOSD[NO-0M\)M+.GBVBU"]3YL;UV9\OR
MS'MZ8R5/+XW$\DT`=G<:G8VMK<W5Q=1"*T1GG.X'R@HR<@=,`57TWQ%I.K6O
MVBRO8V4R&(A\HRN`"5*M@@X(.,="*QK7P%86UKXB@BN9]NO"03`E<('#`E0!
MU^8\^P]*AN?AKHMQ=:;+$C6G]GABJ1$;96)4[F![Y1>0<XXZ4`=%9ZYIM[!%
M+;WD1260Q1[CM,C#J%!P2:JP^*M$NM4FL(KY%N+<N'\Q60`H0'`)`!VDC.#Q
MD5@1?"W2X)],DMKJXB73;B*XCB78%9XTA49P/^F`)QUW-4EU\--*N9K^Z@N9
M[6ZOFE\^10IW"1U?&".@*@`]<4`=6=1LE;F]@&$\PCS!PN,[NO3!'/O3(M8L
M+B]>SANXGG1%D,:N"=K#*L/4$`\BN.@^$NB0VJ1I<W)*6ZP+(VPMA5A5<\<C
M]PIVG@Y;UK2L_`EA::Q::HDLCW5JBH'*H@($3QX`51@8<G`P,@4`:^G>)=(U
M6S%Y9W8,#,$261&C$A/(V[@-WX9JQ_;&FC.=3M!UZS+QCKW^M<RWPTT9M'T_
M386FMTL@5+(%S+G;DMD'#'8OS#!'XU7F^$OA^>**)E?;%!Y(PB<\3@L>/O'[
M0Q^JJ3G%`'63ZUIEI(([K4+=)"_EA&D&2^"P7'KA2<>U.35]/>'S5OH$7:K'
M<X&`1D9STX]:Y$_"K31>7%U]NNGEGE24F0(V"JR*,<>DK#VP/2FCX3:/N^>>
MXEC5E*(X0GCJ"=N6R<8SG&.*`.\5@R`JP((R".A%+D$XJMIUDEAIUO91LS);
MQ)&&;J0J@9/Y5:V\YH`3I1@TA/S4K/Z<^M`"8)HP13E((R*1F`QGJ>U`"8-+
MCB@,&R.X[49H`,4HI:0T`*.E-/6E7I2'[PH`S-0_Y"ND_P#7S)_Z)>M,]?QK
M-U#_`)"ND_\`7S)_Z)DK2/7\:`*UE_QZG_KJ_P#Z$:*++_CU/_75_P#T(T4`
M%]]^U_Z[#^1JUWJI???M?^NP_D:M<[OPI`9>B?\`'M><X_TZXY]/G-<UKMY<
M66LSWUQJKV^GPR>7)"I`.=H(/N#GH/K72:#S;WF[K]ON,?\`?9K(U,>%XM7G
M;4BRW-RXCD4O+AB%`P!G&,$=/6O)S6E.K1485.37?R+IM)ZFC8!WT.^BDN&8
M+YB>;(22..OX5R6G:2RV<1T_Q`\2$;XF.87<;8]V$;"L-J/\W3+Y)X)KL=,%
MA=:9=1VC3K`SR+*T^]6W?Q<OSCWZ5F/X)TC["+60SLC((T(V)L`#`8V*`3\Q
MY.2>^:Z\'%PP\%*7-9;]R6[O0QTM=9O8%EN?$5K&YC621/M'RJQ1'8*`,%5R
MYR"<@C/2I-.DG\-:ANUKQ!'/9K;-/$AF8_NE(W/G:=V-P/7)SC'`K:D\$:7(
M7>5[DS.R.9MPSN4``_=QV!QC'MBB[\%Z1?65O%.)BEO$8E*R8+JQRV2!SD\\
M<5V"-9M8T]4.Z]M8\$@EIE`R!D]_2B'5K&2-FAO8)-DIA;]X!M?)&WGOD'CO
M6%;_``_T.V#LJ2?O>27VC'SA\9"@GD#KDXSZT[_A7^D%E9C.Y67S0)&5E7EC
MC!7D9=CSR,\$4`:UQKVF030HUR&DGV[/+!=3EP@RP!`RQ`Y/4U)!K&G76GK>
MP7UN\#('#B4;=O)SGMPI_(U1?PCI4CVD@B(EL8TCMY,C='M8,"#C@Y'/J":H
M#P#ID=S`8FDCCAB54"X)613'LDR002HCX!4CYWSP<4`;*Z_IIF>$7L(FC4LR
MM(!P-N3GT&Y>?>GRZWI\%\ME+-MF?:0"C;?F^[\V-O.#CGM6#)\-]%9G;-PI
M=54GS%/"D$<%2.JC^73BM&?PE9SL`9IUA$4<1MT8+&0F=AX&01NSP0.G%`&F
M-6T]O*VWUM^^P(\3+\_...>>>/K4D-Q%<+OMY$F7)!9&##(ZC([USB>`-)VR
M%_.=I&WN[.N7.21T48ZGH*UM`T&T\/V1M+'/E!MW(4$G`'.`,\`#IT%`&H0"
M.E)C`XZ^M+WH^M`$?(3GN:\@G\1:M#8W[7.L3X5U6+[++ND0DG&X=ATKV%QF
M,KC.1R*\JCN-#B^TWA\-/#(X?<'U-P9%'WN,_2N>M>RLSJPS2D[QN=3=:W>Z
M=HFGR1Q-/)/I[,K,C/ON`$*(2HXW;GY/I44/CF62X1(M'DD$KNJE'8E@C;3C
M"8SR#CI@CFM2#6;&ST32Y9()8(KF%3%#$OF;`L>_'R]<*.WI4R>(=#1PBWML
M"K!0-W(+#=@?45OT1S=68O\`PE&M7VC7LMAH36UQ'&C0B9RP=FD"XP`.V2?2
MJUIXUU4SW"/X=N)5:5C;G!B_=;04SN!RW7=Z9`P:Z2R\2:-J,AALKZ"64$KY
M0;YN#@\?E2-XETB-W\^^CB>,N"LC;3\K[#CU^;C\13$8?_"8:N+]89-`8)Y;
M-A'9F+`\;3L`Y`)(.".O-64\3:G=Z+->IH[63QF+:929?E:3:YVJ!G:F6ZY]
MJTH?$^E37\=K%<!I)CB,IRAY(X/3M45UXMT2PTJ349;L&V5BOR*2Q((!XQG^
M(?G0!1;Q/?PS16\.EO?,_EA)=KP!]S[2Y#(=J@=3G.>V#FJ5OXZO;@JRZ,T>
M'"2)(S$QD[@-^$^7&W/`;@CWQV<,RW5O%-&I$<J!@&&#@C(R*(+6"%G\J".-
MI#EV50"Y]3ZT`<F/&6I?9VNO^$8N`NP,J>9\YR6`R-F%'RY//1E/-17?C75(
M(!(GAJ=FED6,#<6VYCC;<<)]T&0CC)PC'C%=LRCT!)&.:3;P"1@CTH0&)X6\
M076O0SM>:8]@82H`=L[\YR<8!'3IZ$5J7Y*:?<.&*L(V(8'[O'7/:K*C.3M`
M-1S(LD;1R?=<%3[@\4;.XMSR3^U=:>S,B:K$3]G^T;AJ\F=A'#8V]./I74:E
MK7B2#41#I]BUQ:2):LLR0[@O.9LGOE>!70#PSI6\9BE.T``&YD(P.@QNK51%
MC0(!M"C``]*UJSC*W*C*G&2OS'&P^(_$<]N6.@M&8R!AE;+Y,G.,=,*IQU^8
M5/9^(-?NHM3CN-)-G+;VQ,$@C9M\F!T&,,"2<`'(VX/)KKLC\*:``W7/U[5D
M:G#VOB;Q#$HCDT6>0*#NN9(6.<L1N"J@)`QTVJQSG%26OB'Q0WE^;HV1B,N[
MHP+$IN8`8&.05Y[D$UVI'8"E`P*!G$OXF\32V;R0:#Y4FUSAXY&VGC:N,#<1
MDYP<-CC%*/%>OK]JDD\/OY-NV!N4JTP^484'J?F)]PIKM,9Z\4I4%<$9^M`'
M&WFI^)+;6YREDTMBF0%1`RDB`,<87=]\D9R?N[0,D4Q_$GB!WB\G0Y#LGV.G
MENNZ+:?WH)'0G!V?>XQWKM-N1CI0!CGOB@#*\/ZA>ZKI8N-1LVM)_,9"A1E&
M!T(W<X_*M7`7\:4'CI0<'K0`<8YHXSTHHQ0`<4$XH--7.>:`$8?-D'!-<+JV
MM?$FWU>YAT;PCI=Y91R%8+B75!&TB=B5QQ7=N,\"HV8+C>Z\>IH`R[2YUE_"
MINM1LX[75C;L[6L$@D5)`#A0W\7:L<ZYK]A<V5O<:9->K*BM<SI&7\HD\@%5
M`.%YQC.:ZJXNH+2V:XN952)`6+L>`*9#J-I<6XGBN(C&R[B=V.,XSSVS0!C>
M'-5U>^OKO^U;,VT'EQO;AH60DG=N!)ZD87C@\UT8/0GO55+^SF)\N>,A6*YW
MC!(ZX/?'>C[;;*ZAID.]&D7!SE5QDY]!D?G0!;)XXII!QDU"MW;GCSXCEMHP
MXY/I]:L9&/:@!$.12G[U)T/%*>HH`S-1_P"0KI/_`%\R?^B9*TC_`%K-U#_D
M*Z3_`-?,G_HF2M,_UH`JV7_'J?\`KJ__`*$:*++_`(]3_P!=7_\`0C10`E]]
M^U_Z[#^1JV.OX54O>9+7_KN/Y&KG>D!D:(,Q79'_`#^7"_CYAKFM?\.W>IZ[
M)<(DD:9"L?)$FY0T;C!W#!RF.AKI]!YM[S'_`#_W'_HPUH*N#D'(/.:X<=@X
MXR"A)M6[?\%,J+Y3G;&"\U'PQJ%O>VSV,ET9TC5R"P5@55CCUZU3NO"FJ:GJ
ML5U=ZJ4ME"`VT'F*I*LI!SD8/RGD?WC77J,9)YY[4_(`]JZ,/15"E&E':*LA
M-W9R&C>%=5LK^2XU#6Y;R,@[(R7`!((W8)/.#TZ5`G@O44TF"S76IHY8HTC4
MQNX&%QGKZXR?<\<5VI^7'&<T'&1@5N(XZ7PAJK+(HUAVW"4"1WDW9?HY`.,C
M[N.F">];'AS2;[2HKO[=?&[:XG\U<YP@V@$#//4$_C6P1QGK2AB>U`"DT=11
MT'`S2`X/0T`&VBACC'%&<'IB@`Q2'@T+DL<\`4XC(S0``T=331UIYH`:WRC(
MZUYG=^"=<;4#,(].9(HBL&Z5P0QSDG`__57I;8*?-TS7ELRA]+:9AEG5F60D
MC/7ZG/'/3M6%51:5T=%#GN^1G;0^'X+O0].L]44F2TC`S!*RC)0HPSU(()'/
MK0/!^CI=2W$<,J23'YRDSC(Y&.#T^8C'3\JS;N?5_P"PM'?2OM19K)B?(17!
MDV+Y8?=_"23GITZU$VM^+//NT&BJD*$^3)Y98O@D8^_Z`'=TY'%;>ASZ]3:L
M_"NEZ?=&ZLX7BF/<2-C'`QS[`"J][X*TF]O)+LB:*X=@_F1R$%?W@D./3+`5
M4T74_$KWSV^M64<5NBX\Y(VWNV1VR1CDC\,^U/N9=>TZXOY8(;C4%:Z,=LCJ
MI"Q_9U8'Y<''FEE.>P_&F!H6WA31[6>">"U,;PX\L!F^7'3BHSX0T4^;NMV(
M?.1YC8Y*DD#.,_(H^@`I/"::V;"9_$4Q>Y,V47RP@5-J\8!/?/Y5OMCC-`#4
M3"!1PN./:G=#BESQQ24`&WWI3P*3FCK0(<.E,;DG/89HYW>U17DZ6]K+</\`
M=A1G;'H!D_RH&<7'\5M&_LEKMX+IIDMQ.84CSG*QMM#="=LJ'Z'VJ_\`\+#T
M,I(7:YA"2&,F6V<;B)3$2/4;P1^%4A=>$HX6CET15C=2CH;=2"I55]>FU5'T
M`K6O-'\-175C'=Z3!)(F]K5?LIE*Y(9R,`X&2"<\9-%GU*<)0^)6*$'Q*T6Y
M%H;83S)=HWD1I"QED=7"%0N.O.>O0&F3?%#PS'`\L5Q-)"D2S>:ENY5U*Q,,
M'_=GB/MNJR='\&F$VGV/3/*V$B,(N/F?)`/0DLG0'/RU/=V7A7['<27%G931
M&18Y0D`<[G\M0I502"=D8QCHJ^E!)NV=[%?6,-U;G=',@=#Z@]*F!YYK,M+_
M`$F"TLDM+F".&1?+MD7`&`/N@=L8Z&K<>HVDS*L5U#(SY"!74[B.N,'G'?TH
M`M]J9WZU475;#"@7]N=V[:1*O.W[V.>W?TJN?$&FXMRMRK"Z4M$R*SAE!P6R
M`<#)`R<#F@#5]Z0_-6?9ZYIUY.8(+R%Y1QY>[!)YX`/7H>GI6@"&Z?G0`H&*
M0]:#G-`%`"BBBB@`I,XI32#WH`:4+G)KD;_X=:3J.H3W<M]JB23.798[R15!
M/H,\5V7:FE<TK)[FM*M4I.]-V9E_V';CP]_9'F2O!Y?E%Y#O8K[YZ_C6'_PK
MO3FN1<&ZNGD`&"Y#`<YQM(QMY^[C'?K77[ATI>0*=K;&;DVVV<D_@#33YBBX
MN`CL69`%`&6#'''!R.HZC@\5?_X16W6*&.UN9H(XTN(]JA2&29P[+R.,$8&.
M@K='O3L^E%Q'*1^`M*BOK2YC>=3;2;]H;`=MV[)`[Y`&>N.*ZCRQQCL*7:31
MR%Q0`IX-*3R*:O3F@_>H`SM1_P"0KI/_`%\R?^B9*TC_`%K-U#_D*Z3_`-?,
MG_HF2M(]?QH`K67_`!ZG_KJ__H1HHLO^/4_]=7_]"-%`"7?^LMO^NX_D:M_Q
M54O>)+7_`*[C^1JWU-`&5H?_`!ZWNWM?7&1_P,UQLDOB^T\2^(IX8;R>`2#^
MSXY$WP"/$09@-X#$?O2%.,GO78Z#A+>\QS_I]P?_`!\UDW^K:VNI3V]K%8B)
M9"L(EFVLX`!)QCU-85J\*"YIE15S*.L>/C;R;='A$_V/=%'Y(V&3)SN;S,HP
M&T[`&SD\U7&L?$H0W#OI5B^+<^4@B(&\1Q')R^>K2@+CJHKH8O%'V;PW'JFH
M)$Q><PM]FE!0-N(R6Z=J?;^-M(F5O.>2U*@,//7;G,8DX/()PPZ=\>M:PDI)
M-=1,QKR3Q5=Q:)/=0WZ9@;[5%H[QQE;G>FS?YF?W>S?D<C)Y[5!%JWQ#FGO%
M72K6!4FF>W$T63(BH=B$J^`2P4;L]SQ6]-XYTFU&6:9U)3)$>"`W0X/;'S9_
MN\U++XPTY=,2_MM]U;R2F,/&``N!DEB2,#WZ<BJ$<E9:G\1XC%_H$<J/+=22
M-=1;6`Y\M0JN=@P!@$GGC(S5I]7^(<%Q81_V3:S[II!<RB+"B/8I7CS.#N9A
MC.#MZUT'_"9Z*(S)-)/"#,(29(C]_.`,].WKW'K5=/B#I$JIO,T,31))YDJ8
M.7&54`?Q>U`&.@\;ZWI^@'4`^F7(NI1J'D,8T:,)E3P2PRW3]1BK$>J^.9[]
MH6L;6VMVO`HF>#?LB'G$X`D^?A8,-QS(1MXXZ&W\2VE^MT-.$MT+:%9]ZK@2
MJ2P^5C@$Y0^U4K_QS8Z=HHO[F"8R%5;[+&`SJ&"$9[=)%)^M`&%;:S\1$L;F
M34-,M9)?L9:-88-NV;9"V.9#D;I)AC_IE[U6@U'XAMNNI[!#(T"M';;`L2R?
M9VRN=^6S*!P3^(KTJWD$ULDQ#*'4-L?JN1G!]Z?LW?Q''I0!PVG:GXWDU+3U
MN=/B6S\U4N"T&QV0O,-Y'F'80JPMM^;ESSVKN0>W?%+@],X]_6C(%`"@4?Q4
M!J,B@!'^[GT]:X,WEBT<DS>'=*8!3(X4*6/?C*\^]=XWW?QKS'^PI)+9RGB2
M!K=F=BR2M@YSGM6-3H;4K7=SM/[?L++2[%KH-`MS!YJ)'"SA$503G:#@`$<U
M9.N:4A`-_;!PVS;YB[MV,[<=<X[51_L&SU32M/1KAW2WM_*66%MHDC90&!]F
M"BH/^$$T0W5Q/B;S+G(F/GGYT))*?3GZUJ8FO;:SIE\RI:7T$Q89"I("2,XZ
M=>M(FLZ8;J>U%S&DL4JPLC\9=AD`9^\3R..X([52L_">G:?J9OK-I4F/WF9]
MV1QQR.GRCO44G@S1IKI9Q%(L@F,TCI*097WEP6/?!9O^^C3`OP>(])N+>VFB
MOHF2X?9$0P^9MN['L<#.*9;>(]+O=:ETRUNA->1#=)$@)"#CG=T[C\ZAD\*Z
M:]D+0%TA4JRA)""-L8C'/^Z`*GTSP_8Z4Y>UW&0K@N[9)Z9/XXH`U0,YHZ4*
M0%ZC\*4\\T@`4444P"J6KVSW.B7MO"F^2:WD15SC)*D`9[5<V\YJ"ZD*6D\@
M."D;$'TP*&[:CBM=#S2T\/\`B5=#2V;37\_;M/F7",%4G@%LY)`P.^<5W]YH
MMCJE[;75]`LC6\;QQ;P#LW@`D>AXZBO)AX^\2KE)]5"NRYC`@0Y&T<D;?7/>
MO3[_`%_^RM.L;BX";)U8N['`!$3/^I7'XUA2Q<,0VH]#T\PI8B'(ZUMM+&?_
M`,*YTA;5((WN4",&WHRJQQGN`#T.,]3WS5^+PI;V^GFR@N9XX_-69"-F499/
M,&/EY&[)P<]:SC\0K.(;;BVE#B3RV"L@P0'+=3Q_JVPO4_+ZU8T[QM::FD\\
M5K<Q6]O%)*\LJ@#:H4YQG)SNZ>U;GED*?#[2Y+L7,YD<QR))$"Y^61=Q9R<\
MEF8D].@]*GT[P-IFD7L%U9O,CP[N<J-V5VC=A1D`9`JI!X^001K>V%Q#=%MD
MT>-HB=B=@);&`57.3TID/Q)LWM4>>QNED\N*1\*"J[U#=<\X#"A@3P_#S2HK
M=H3)<N'D$ADDD4ON&S!!Q_TR3\JOGPG8O'9Q/).\=F6*`LI)+')).W@Y[KC@
MD=.*S['QY!>ZNNFO:2H[S&-95&5QL5@3W!^8COTS50>/YO,2/[(ID,I39$=^
M%'1B1QS]?KCI2`U+7P-IEEJUKJ$#3B>V)V$N,$8;@\9Q\QXSSQ72K@#`%-7+
M]>WZT\<TP%H-)FDS0`II!110`M%%%`!GFEI*,T`(4&[-+29HR*`%Q28HS1F@
M!<T'FBB@``XIIZBGCI36ZT`9FH?\A72?^OF3_P!$O6F>OXUF:A_R%=)_Z^9/
M_1+UI=_QH`KV7_'J?^NK_P#H1HHLO^/4_P#75_\`T(T4`)???M?^NP_D:MYY
M_"JE]]^U_P"NP_D:M?Q?A0!E:$-T-V>_VZX7_P`B&L?4EM8=5E9O%%M9.TA9
M8)(X21D`$9;GW_&MC0P3;7FWK]NN/_0S6&GD6GB.Z>^5W>:[S"BQEE3Y%_>=
M..F,CVKS\?/DIWY>;R*CJS:TG3[>+2HD::*]2.4R)(L:JN2?1>.,XHG\.:7*
M+93:(J6\J2H%7NA5E'T!1#_P`5C1MJESX:1M"EGCGEU!V;SP(V6/S&)!W*<#
M&.<=#5<:AXOL881-`+GSY(X5\U-KHS*JEB5."`Y9ST^53Z\==%W@M+">YT:^
M&=&CB$:Z=!M``P$[#@<^PZ4X:!I;6:61L8?LZ$LJ8.`3P?TXKF9;_P`:R0^;
M;684_)\@C4#U<8+$]?E!SSC.*U++4/$#>'YY;RS5-13!6)(F8$;N2,L-Q`SQ
MD=!SS6HC2D\-Z/*@C;3H"HE\[&W'S],TS_A&](>+8-/@V8"A=F-H'3'TK"GU
MCQ3$5CAM(7EG$LB*T1!C6,#A@'.2Q;C!XP1S4$.J>-GDAC?3@$DD+,Q0*8UZ
MA=P8@^F<=SZ4`=;;:18V#3-:VD433@"38O4#/'TY/YFHG\/:5*V^2PA9O+$>
M63/RC;@8_P"`K_WR/2N=U*7Q@;V9+)1"C2#:442J`4/&2`>&P<XSVJ[IE[XD
MEU5HM1M1';8.V1(L@_*<D_-\OS`8'.=QZ8H`Z4JJ1J,851C`IQS@%>E<$]QX
MVO--MX(U:RNHXE:>X$`/F-Y8X`R?XB<_2KNJ3>*6OY8M&($$4Q5V.TMM\@;<
M`C!^<DGW`'3-`'8%OESCKZ48P.>:XQ;CQ48-&54G1S<-]KW!&+1>8NW<<<?N
M]V2`.1TSBM0W.M7#:Q"(3;^6,6,P3.\X/KD=:`-\'!Y[TIZXKG/-UHZ]9*#.
MMMY*B8[%\LMM??N[YW>7C&.IS7/1W?CVU@+M;&ZEBMUC5)44B60$L9#MQC(9
M4QZH>.:`/0B=RD#J/6O.`MU]@M);&:;3[18'C_LZ33I07D.[(STY.,'!_6NX
MT>6XGTV.6[W;B7'S#YBH<A2<=RH!_&N5FO;^WTIKF\\17-K.R%XX));1,KSA
MLE.G'3.:B<>8I2L69]#U#4],TAUBBMI(K!HRKNRFWE;81(HP<E=K<''WO2HX
M=#\6%9!?:O!)N+;?+D8!`=N>"G/.[CMG@]AMP:PB6VEK<OYHO+4S&?<,?*BL
M3QP<[L\5F/\`$/0X7V2O<Q,R[A&8.<8!['W'YU9(OAW1_$-@94U;4A=PGY(5
M20GRP`W))4$GH.IYYK,N/"GB2_TV'3+O4E$-O$0K1W+[W;RMJY.T'`;)ZG/X
M5JMXVLO['O+[3[6YN/LRQLR.NS=ODV``\\]?TJM;_$?2GFN8WCG18Y66-XUW
MB1,?*^>,!L'`]NO-`%B31-=&JSR6NI)#;ND:MM8CA2.`N#@X!&<\YZ56M=(\
M71PE9]6263:<D2[0K'K@>7SGW^[[]*L+X\T\7(2:"ZC3:Q>1XP/+((`RH.3G
M/;T-:>A^([3Q!YALHY\1J&8R1[,9)&.O7C-`&?IVE^)(/$D4UW?0G3@OSP!R
MS,VT@\[1GG;R>>#74@_,11L!P2.:-HQ0`ZF-GM3@,49H8#0344R*\<B/]UU*
MM]#4^!G-4]0;%I<C!R87`Q]*EZ(?4XB/X=>&!;&V&J7!4J(RWVI=Q4=!GK7=
M)#"L$<`4-&@`"N,YP.*\#C>(PA<IG;QSSTZ?6O;+J"]E33)=/"DP2!Y$DE,8
M=?+9<9`.>2#C':O/P5:-3FY8<MF>KF6'J4>13J<]_P`"XFFVR-\MO"")6F#;
M1G><Y;Z\GGWJPMO$,GRU!.0<#&?6N3&E>-/MRLVM0BV,BM(I"L0`0&VG8,<,
M2`<\HO/)J?2-.\66]O*=5U:*\N1"PCV@+'YA`P2`N<`@D`>O>O2MJ>2=&88R
MK>9&KY/)(ZTBV\);<8DR<9^7TZ#\*Y*'P]XLL+:&VL]<1XK=EPS#:95+%GW;
ME<@\X!R1[=J8NA^-H;0PPZW`NR*)8E8@Y*JN_<Q3)RV[GT(X&,4,#LO)A\W/
MEKEN^T=:/L\)DW%%'X=:Y2QT;Q3;ZPD\NJ1FQ:4O+!D$E=J``?+\H^4]#WS5
M*X\*>(9;*>VBOHHF=R^XSLS,20>3M'H??GDG%`'?#U/:ESZ5%&K>4BL>54!O
M<TY>*`%I<4F:7-`"8HQ2YHS0`8I<"DS1F@`Q11FC-`!BBC-&:`#%)BES1F@`
MI<4F:,T`+33U%.II/(H`S-1_Y"ND_P#7S)_Z)DK3/7\:S=0_Y"ND_P#7S)_Z
M)DK2[_C0!6LO^/4_]=7_`/0C119?\>I_ZZO_`.A&B@`O?OVO_7<?R-6L<U4O
M?]9:_P#7<?R-7*`,G0CB"\'K?W'_`*&:QKKQ1)'J`MEDCWO/)`D:PEB65B.N
M<`_=[=_:MC0EW6UX#Q_IUQS_`,#-9S>$6\^\>&^6-;IY'<>3E@7/.&W<$=!C
M%<F*C5<?W.XU;J33>(X[+PY;:EJ<8/F2+$?+8`*Q)&<G''%,M_&>CW$3^?,U
MKY:B0^?&5X,2RY],A77\<>HJ]IVAQ6&CVFG3-]K%N0P>10,L&W;L#IR:;/X7
MTF=$B-JB(DD<FU1]XHR,`?;,<?U"@=*Z*:ERKFW!^12F\:Z+:KYAF9D9"^Y(
MSR``1QU.5(((X(J[%XCTZ?3);^SF\^WC8*S(O<D#'/U%*/"VC>24;3X&!W#)
M!)`88(!)R!CC'0#I4D6@:=;6CVT-NHMV&/))++U!Z$^P_*K$4!XST-@S)=AB
MA;<-C#&P$G)Q@<*Q&>N.*6+QAIMQ#-,1*JPF-65DR07("G`[?,*6'P;H,$K3
MQ:?&K,I39N;;R&!)&>3AB.:O+H&F+'(BV:!9=OF<GYMOW?RP*`*,?BVPEUR#
M2K=9;B:=0?-1?D7ACU/LA_,5O*0PP,''I6=::!IMA*KV=FL3)]U@Q)!Y]3[F
MM$`KPHXH`3;L'`I5"GK@TO)ZT@4KTH`4J/7%-P-Y).0>,4[&>U&V@!"H`&W`
M`[4@'';UI^T8YI".PH`:PR,#ZDBN`'B'PFEK+;RZMJ!`)!>3>2HYX!VX`ZUW
MX^4CBOGZZ\(^)GFNQ!I6IYN]RKN0%8CD^_?UK:C"$VU)B>AZO>>(?#=G8VJW
M8\Z&.Q^VV[O!O_=AE0;<C[V67`Q_*ICKGA:T5\3V$;6^XLB1C>I7E@%`Z_3K
MVKF-3,&FCP[8ZMIL5P\=C#'+O)W@Y$;*H#`\!V/"MZG&-PJ0:QX;^RWTZ^'Y
M5>52S`W+,9"#M_`>A..3BL1G</K>@6.EF>'R!;QRQQ%8T555BWR=<`<]\X!J
M"VU;PW/'#,%M(5,2R(LL(5E0HI'';Y2N!WQQG%8MO-:M9V(CL8+6"ZE:0B[\
MR0,8Y`(XE&>I#D@<]#\I[59K[18%F=-`NG58R91#=-D"/RXXU('\:[_NGE,$
M]:`.DU'Q!X:TV2.:XC@<FU>ZCDC@#90,$(!]<OT^M31^)?#&GADMK^QA`X*1
M$#&.>@Z#KSTZUR5QJ^CW:PBXT$W,4,)6W,=R7+#<0P5O^6ASEN/X<L>E.-YH
MUA(L<WAB5#.^PXN=R@'>A`)Q@\-A1USZT`=FOBK274LVH01,LS0%)7VG>K%>
M_;*MSTX-:=K=PW]NEQ:2B2)QE6`X(]:\QNM4T6.]C\[PW++/@7,H:YD9HMRF
M0H,@<[I.%Z$EJ]!\.7$5UH-I+;P^1$8\(@<.`%.T88<$<9!],4`:F#2$&D!8
M]12\^E`(`#2,FZE&>XI:!$`LX!D>2F#_`+(J4@<#L.E.S1MI)+H-M]0)XIO'
M2G$&DV\U0"BC@T<^E)@T@#@=*3&3UI<&C!]*!!C!P*7;2?-Z4O-`Q,&C!H^:
MEYH`3!HP:7FCF@!,&C!I>:.:`$P:,&EYHYH`3!HP:7FCF@!,&C!I>:3YJ`#!
MHP:/FI>:``"FX):G<XI%SNYH`S=0_P"0KI/_`%\R?^B9*TC_`%K,U+/]K:1_
MU\R?^B7K3/;ZT`5K+_CU/_75_P#T(T467_'J?^NK_P#H1HH`2^^_:_\`78?R
M-6B<,/>JM[S);?\`7<?R-66!(_#M0!DZ//&D-VLDL:$7T_!8#^,UHBZMQUN(
MO^^Q4+Z3ITSF2>PM9'<Y9G@4DGZXIC:'I..-,LO_``&3_"@"U]LMO^?B+_OL
M4S[3!G/VB+_OL57&AZ5WTRR_\!D_PI_]AZ3_`-`RS_\``=/\*`+'VRW_`.>\
M7_?8H-Y;_P#/>'_OL57_`+#TC_H&67_@.G^%)_8>D?\`0+L__`=/\*`+`N[?
M_GO#_P!]BE^V6_\`S\1?]]BJ_P#8>D?]`RR_\!T_PI#H>D?]`RR_\!D_PH`L
M_;(/^>\7_?8H^V0?\]XO^^Q57^Q=)_Z!EG_X#)_A2_V)I/\`T#+/_P`!T_PH
M`L_;(/\`GO%_WV*/MD'_`#WB_P"^Q5?^P])_Z!EG_P"`Z?X4?V'I/_0,L_\`
MP'3_``H`L?:X/^>\7_?8H^V6_P#SWB_[[%5_[$TG_H&6?_@.G^%)_8FD_P#0
M,L__``'3_"@"S]L@_P">\7_?8I/M4&<_:(O^^Q5?^Q-)_P"@99_^`Z?X4?V+
MI/\`T#+/_P`!T_PH`LM=6Y'^OB_[[%`N;8#_`%\7_?8JM_8FD_\`0,L__`=/
M\*/[#TK'_(,L_P#P'3_"D!8-U;-_R\1?]_!S2_:[;_GXB/\`VT%55T/2<?\`
M(+LO_`9/\*7^P])_Z!EE_P"`R?X4P)Q<V@.?/BR.G[P4CRV<L3I-)!(CC#([
M@AAZ$5!_8>D_]`NR_P#`9/\`"E&AZ3_T#+/_`,!T_P`*`'VYL+2W6&V>V@C7
M[L<9557Z`=*>EQ;!2//B`[8D%0G0])_Z!EE_X#I_A1_8>D_]`RR_\!T_PH`L
M&YMNOGQ?]_!0+NW'2>+_`+^"J_\`8FD]],L__`=/\*/[#TC_`*!=E_X#)_A0
M!8^V0?\`/Q#_`-_!2_;(/^?B'_OL56_L/2/^@79?^`Z?X4O]AZ1_T#++_P`!
MT_PH`L?;(/\`GO%_WV*/M<'_`#WB_P"^Q5;^Q-)_Z!EG_P"`Z?X4?V)I/_0,
ML_\`P'3_``H`L?:H/^?B+_OL4HO+?_GO%_WV*K_V)I/_`$#+/_P'3_"D_L72
M?^@99_\`@.G^%`;EG[9!_P`]XO\`OL4?;(/^>\7_`'V*K?V)I/\`T#+/_P`!
MT_PH_L32?^@99_\`@.G^%`%G[9!_SWB_[^"C[9!_S\1?]]BJO]B:3_T#+/\`
M\!T_PI?[$TG_`*!EG_X#I_A0!9^V0?\`/Q%_WV*/MD'_`#WB_P"_@JM_8FD?
M]`RS_P#`=/\`"C^Q-(_Z!EG_`.`Z?X4`6?MD'_/>+_OL4?;(/^>\7_?P57_L
M/2?^@99_^`Z?X4?V'I/_`$#+/_P'3_"@"Q]L@_Y[Q?\`?P4?;(/^>\7_`'\%
M5_[#TG_H&6?_`(#I_A1_8>D_]`RS_P#`=/\`"@"Q]L@_Y[Q?]_!1]L@_Y[Q?
M]_!5?^P])_Z!EG_X#I_A1_8>D_\`0,L__`=/\*`+'VR#_GO%_P!_!1]L@_Y[
MQ?\`?P57_L/2?^@99_\`@.G^%']AZ3_T#+/_`,!T_P`*`+'VR#_GO%_W\%'V
MR#_GO%_W\%5_[#TG_H&6?_@.G^%']AZ3_P!`RS_\!T_PH`L?;(/^>\7_`'\%
M'VR#_GO%_P!_!5?^P])_Z!EG_P"`Z?X4?V'I/_0,L_\`P'3_``H`L?;(/^>\
M7_?P4?;(/^>\7_?P57_L/2?^@99_^`Z?X4?V'I/_`$#+/_P'3_"@"Q]L@_Y[
MQ?\`?P4?;(/^>\7_`'V*K_V'I/\`T#+/_P`!T_PH_L/2?^@99_\`@.G^%`%G
M[9;_`//>+_OL4UKR#&1/%Q_TT%5_[$TG_H&6?_@.G^%`T/23UTRR_P#`=/\`
M"@"O>SQ/J^DA)48_:'/RL#_RQDK7;H/K52+2[""826]G;PNO1HX54C\0*MXX
M%`%6Q_X]3_UU?_T(T4MGQ:G_`*Z/_P"A&B@`NXI66-H4#M'('VEL9%`EN@?^
M/0'W\T5:HH`J^==?\^8_[^B@377_`#YC_OZ*M44`5?.NO^?,?]_12^==?\^8
M_P"_HJS10!6\ZZ_Y]!_W]%)YUU_SYC_OZ*M44`5O.NO^?0?]_12&:Z_Y\Q_W
M]%6J*`*GFW?_`#YC_OZ*!+=_\^8_[^BK=%`%;SKK_GT'_?T4>==?\^@_[^BK
M-%`%;SKK_GT'_?T4GG77_/F/^_HJU10!5\Z[_P"?,?\`?T4GFW?_`#YC_OZ*
MMT4`5?.NO^?,?]_13O.N<?\`'I_Y$%6**`*OG77_`#YG_OXM'G77_/F?^_BU
M:HH`J^==?\^9_P"_BT>==?\`/F?^_BU:HH`K>?<_\^A_[^"@S77_`#Z'_OXM
M6:*`*GG77_/F?^_BT>==?\^9_P"_BU;HH`J^?=?\^A_[^+2^?=?\^A_[^"K-
M%`%4S77_`#YC_OZ*!-=?\^8_[^BK5%`%7SKK_GT'_?T4AEN_^?,?]_15NB@"
MJ);K_GS'_?T4>==?\^8_[^BK5%`%3S;O_GS'_?T4OG7?_/F/^_HJU10!5\Z[
M_P"?,?\`?T4>==?\^8_[^BK5%`%;SKK_`)]!_P!_11YUU_SZ#_OZ*LT4`5O.
MNO\`GS'_`']%'G77_/H/^_HJS10!6\ZZ_P"?0?\`?T4>==?\^@_[^BK-%`%;
MSKK_`)]!_P!_11YUU_SZ#_OZ*LT4`5O.NO\`GT'_`']%'G77_/H/^_HJS10!
M6\ZZ_P"?0?\`?T4>==?\^@_[^BK-%`%;SKK_`)]!_P!_11YUU_SYC_OZ*LT4
M`5O.NO\`GS'_`']%'G77_/H/^_HJS10!5\ZZ_P"?,?\`?T4&:Z_Y\Q_W]%6J
M*`*PFNL?\>8_[^"D\VZ8X^S!??S`:M44`5[2.1+4"4;7+,Q&<XRQ-%6**`/_
!V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>aif_pg64.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg64.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#-C``
M`)*2``(````#-C```.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,C$Z,S8Z,34`,C`Q,SHP
M,SHQ,R`R,3HS-CHQ-0```$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,C$Z
M,S8Z,34N-C`Q/"]X;7`Z0W)E871E1&%T93X\+W)D9CI$97-C<FEP=&EO;CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.F1C/2)H='1P.B\O<'5R
M;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^/&1C.F-R96%T;W(^/')D9CI397$@
M>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS
M>6YT87@M;G,C(CX\<F1F.FQI/DUI8VAE;&QE($-R97-P;SPO<F1F.FQI/CPO
M<F1F.E-E<3X-"@D)"3PO9&,Z8W)E871O<CX\+W)D9CI$97-C<FEP=&EO;CX\
M+W)D9CI21$8^/"]X.GAM<&UE=&$^#0H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(#P_>'!A8VME="!E;F0])W<G/S[_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`&%`C`#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Z1HHJ-V8,
M0#0!)14!D?.`:0S/V-(98HJN)FQRWZ4H=]F2W/TH"Q/15?S),X!_2E\Q\=?T
MH"Q/15?S7QUIK2R`C#?I1<+%JBJOG29ZT-,X'#=_2BX6+5%5?.D`R6_05!+=
M3*Y"R8].!1<+&C15""ZD=AO?(/L*G:9EXSU[T7"Q8HJ'>Y[\>M-,K`\-^E%P
ML6**B#L1D'CWHWMD\T7$2T5%YA]:3>WK1<":BJ[3,`><8IB3R-SNX^G2BX[%
MNBJZR.?X\_A3O,?IWHN%B:BH/-?(Y'OQ7#R^*]2@\1ZI;278$$#XB'EK\HQZ
MXR?QIK5-]B;ZI=SOZ*\LU7X@:G';8L+G,K'"GRE_/D4^P\7:_P"0KWE\'8\X
M$*#^2U/,B^4]0HKSR/Q3K5Q*?+N-D:C)/EI_A61>^-_$CW#)I\[%5X)\E#G\
MUHYD-0;/6J*\:N/&?BVWM=\VJ;';HOV>+C_QVD3Q[XD\H?\`$TW.?^F$?_Q-
M.X<C/9J*\JA\7^(8H=UWJ>YB,X\B,8_\=JN?'FOF3;'?$\_\\8__`(FBX<C/
M7:*\E?QIXBQQ?X_[8Q__`!-2P>+/$DRY34P2.H,$?_Q-%PY6>JT5Y;_PF6OY
M(-X01V\E/_B:R/\`A.O%*7Q275`HSA4^SQ\_^.T7%RL]IHKR1O&?B2&0"34,
M@_\`3&/_`.)J8>,]?W*3?_+W_<Q__$T7'R,]5HKSS_A*=1DLS)'JN)`/N^2G
M^%<ZOCSQ(;HQ-J>W!YQ!%_\`$T7%RGLM%>4+XYUQAM^V_.._E)S_`..U/;^+
M=?G4E=1Z=<PQ\?\`CM%Q\K/4**\VD\6:S';.8[TRRA<C]TG)_P"^:Y>#Q[XQ
M,S"YU(1X_A-O%_\`$T7%RGN-%>4:+XM\137ZQWNJF0$$[!;QC]0M27_BKQ"M
MTT=MJNP=AY$9_FM+F0<K/4Z*\B3QEXCMXV>]U;.#V@C_`/B:6'QWK[N&6]WJ
MIY5H4&?R6G<?*SURBO-3XHUYU6XAO7:W;@MY"`*WITJQ'XFUDKS>$D]_*3_"
MBXN5GH5%<&OB+5R/^/O\?+3_``IY\2:F.!=9]_+7_"BX<K.YHK@CXFU4'B[_
M``\M/\*CD\4ZL%)%UC'_`$S3_"BX<K/0:*\QD\8ZT.%O<?\`;)/\*A_X337>
MU_\`^08__B:+ARL]4HKRL>--=S@WQ_[\Q_\`Q-/'C#73S]OX_P"N,?\`\31<
M?(SU&BO+CXOUX@[=0'_?J/\`^)JLWC3Q$C$-J'_D&/\`^)HN+E/6J*\G'C?7
MB/\`C_\`_(,?_P`30/&VO;OFU#'_`&QC_P#B:+CY6>L45Y)+XYUY>!J'_D&/
M_P")J$>.O$9/.HX_[81__$T7#D9[#17D]KXT\027,*/J&5:10?W,?()'^S7K
M%,3C8*A<XD-35#)Q(3FDR1O!YJ)@-W6I&Z<<YIAZ88<CIBD.X??''44X'D@5
MSGB[Q7;>$].23RC=7UQ\MO:H<&0]R?11W-<`OQ.\0/\`-)=:);-_SR$<LNW_
M`($#@UM"A.HKQ,9XBG3=I,]B)![$$=Z4'C(KQ[_A9FN_]!+1?_`6;_&G?\+.
MUT'_`)"6B_\`@+-_C6JP=4S>+HOJ>O>X_.D8Y7`%>1?\+-UW_H):+_X"S?XT
MW_A9>N?]!+1A_P!NLW^-'U.J/ZY1[GKO'IS2'IQ7D?\`PLO7?^@EHO\`X"S?
MXT?\++US_H(Z+_X"S?XT_J=4/K=+N>N<GMCVJ.8$+D#D=*\G'Q*UP?\`,2T;
M_P`!9O\`&C_A9>MD8.HZ-_X"S?XT?4ZHOKE'N>I9VGCJ.15M<-@CH>17CY^(
MNM$@_P!I:-Q_TZS?XT]/B7KB+M&I:-@?].LW^-2\'5#ZW2[GL8)'!--QSU/K
M7D'_``L_7?\`H):-_P"`LW^-!^)VND?\A/1?_`6;_&A8.K8?UNCW/8"1M]:0
M#`KR'_A9^NXQ_:6B_P#@+-_C2?\`"SM<[:EHO_@+-_C1]3JA]<H]SV`8S[4X
M\"O'?^%G:Z.1J.B,>P-M,`?QSQ75>#OB+'X@N5TW6($L-3;)B6-]T5PH[HWK
M[=:B>&J07,T.&)IU':+.SQNZ@TF`I(`[T]139#M&:YT=(H('&*<IJ'>RC'\1
MZ`5(F0.3D]Z8-V%`!(S@\UY%KD(F\9ZH'D*()1G!ZUZ[D9%>/>(L'Q?JH)(!
ME[5I'X9>AA/XHDE[+8.D0M@'9!@G&*A>5P1Y,?R^]4P\%O'GH?4FHHYI9W4,
MV`/0U@D;MZ&[;L[J,G`/7%37MU#96A9-O`Z@=:I06OGA564KVP#UK2ATNU16
MDN(WD*C(W=*A[E0N]3DS!>ZR"_*KNXW<<5/#IXTYAYCB21CQD5L_;!)!($14
M56PH%8MS*TEPK'H#5J[-"Y(BSC$FXFJ>\)*$BCV]MQJU&06RIR*5H0TV]SPH
MX%4!19B"/.EYST%6+:;;(-N2.E/D\D`G`S4:;6/''.>*8C7,G[L80$XK'DAN
M+C55D>#"+QFM.!BR^V*RM6NY@2(V(3..*!"2R"-_+F8%@>.:LPHTA7:,@5CV
M4$MS>9<$@<YJ_<L]N2R,=PZ8H&:KQ&2+RD(!]16:^B31S`PY;G))[U3B%S.2
M\DC`GL*[OPR_G:?Y4T8;9_$:"3DGMIHKC<4(7UK2L9;86TN7"L!DUT-[8FZD
M*0[0/2L>[\,^=&47<">,+WH$G<YQM6BM[AF5FD5?[M4-1UNVN0"D+!QWQ76V
MOA9`AB>,1CU;M7.ZI<>%M"NO)?58[I]K$K$N2KCH#[$\4FQI7=D:/A+[1,C7
M5Q"RQN,1.1PWKBGW?F)<.[J0<\&K/@_Q#'XDT>6X5T@D@?RVLEX5$'W2/7WJ
MU<Q@9W#.3FHNKEVMHSFY?-G<1E@=Q[UL210;%$*C<0!@#O3;.W@FO&65<9Z$
M=16HMA';#>@)/O5OR"X^Q@>VT^9'(VR8^0GH?44?*J_3M4\<P^P3POEL89,#
MIZUG&0LWRXIF?4L-<$`8X%*K,W`[T^WMMQR]7DB48.!Q4CN9YA(/)Z53N"58
MG^'%;$J8!-8UU\Q(]Z87*,J/*P"\`U"T4L>?ER*THUVJ"1^%3I$2/F''M0,P
MV=P.$)IK22[<^6U;4J([848ID<2J<]:8[F,6N`/ND4L<4@'F29/L:Z`!=N"@
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M'I6H3*3#8SR!20Q5"<$=:V[J^L+WPY:Z?%?K!/:W+R22,K`3AOX^.<CWIFA:
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M[>M3/HVI1KNDL+A1ZM&171W^N:?J7AZ>P,H@DLI0VGO@G<N,,/\`9SC/XU1U
M>_M[C3]#BM[W+VT6RX`W#!+[N?48IJI-M*P.G%+<R/[,OOM!M_L4XF5=QC*'
M('J:0:9?F9H5LIS*J[S&$.0OK77:MKFEZ@=:M;>YV->M%)#<E"`P4<H>XJ*+
MQ!!:IIR6UZ%NM.M9%-P5/SLW1!W('O4>UJ6V'[*FGN<DUM.ENEPT,BQ.<+(1
MP3Z9JU87<T`WQ-A[>:*:(]U;S%4D'W!(J]XAU2PU.TL7L(?LTIWM<P+]P2$_
M>7V-95K]R?\`[9?^CDK7F<X7DK!%*-5*)]0*WR!^[`'%5Y6+NJ#CWJ564P1C
MOM'\JC0?O6XQ7S:/I>@Z-`O'4GJ:FX'2H\`]OQIPQVH!>8X8!`SFO&?$P)\9
M:GZ>;7L@QFO'_$+*OC34]PX\SFM(;2]#*:M*)F+;1W'RR''XU;6P^SC+9([&
MF6JQW<K^2V-M:+R[8E64_*M8LTM<FTR."%FGDDVA!G#'K4<^N&\+!05B7CBH
M_*BN,9&/?--.GPVJY<L8R<E1WJ+*]V6I-:(KRW*F"3R!C/MUK.A\R0,2V['Y
M"K>H2226S?9H2B]%XK/8RV-H(O\`EI)R<UHMC3?8:NH217:PQ)D]\"KDTLG&
M0<GM46F66V3S)<;SWK2,(EG#%00G2@$5DMF\O=+QGM3T@52H.3D]*LNN6RSY
M]J8DBI.#)T'2A`:2A/+V1Y48ZUAZK9"%&D:<>N&K6DE*1;U_6N9N5-W<%KB8
ME1_#VH%N:&D2*+5V/6FR$O<#/0FH=-=3(4YVD8YJ:=!YAV`C%`R639%@;JGM
MM<BT."XN]0GG6SB7.Q%R';L">U58HD93)*22.@%`LK;6HY].U%VCAG0[2'VJ
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M,=1_>'I41U,2,K?9($VG^%>M-N]1MYG(SFH517`\L4PWW-FUU/?#Y9"*,8.!
MS5I;ME.2J-]16"MI*?F4X^E3H9HFP['WI7"R-9IHWP)DPIZE3TK+FL)6G;R1
MYJ%]H=>^:M+*"@[U)&%VY)QSGK3%:Q7.GR6Y7S"K'_9.<4[RP!UJU$%63YB=
MC<,`>HJ.>)(I"`VY?X32`K&($\#ZYJ-H%4=\U(\P5<YJG-<.WW":+E!)((SS
M2R7<:QC#JV>P-49&)8[SD^]4)3L8;>*+`7I[L2$`"JTJ!QGI3%XY[TDMP%'`
MI@D0O\M.A!?%5RSRR8/>KT:[%P!0,LVN!>6__75/_0A7MM>(6Q'VRW'_`$U3
M_P!"%>WT1(GT"JTQ<R,!TXJS5:9B'8>O>FR$0,2"<CF@$]^:79GG-&WYLU(S
MPWXE#_BL]6/^W;_^BC7(8KL/B62?&NK9&/GMO_11KCZ^CH?PT?-8K^*PHHHK
M<Y1T?FM((X"Y9_EVIG+>V!UJS<Z3?65OYMS:2QQ9VEBO`/H?0U?\(ZI9Z3XG
MM[K44W08*,W4ID8W#Z5J^(/#FH:18O<:?J(U'1[^5?WJOG#9RH;/0\UA*IRS
MML=$:?-#F1Q]+6]-X7=-)O;R&^@N'L647$<7(7/HW>I(?"B/H-GJUSJ]M#;W
M4WD@;6)4CJ.G6J=6%KW)5&=[6.=JW!I.HW%OY]O8W$D/7S%C)7\ZFU[1I_#^
ML2Z?=,KO&`P=.C*1D&NET&61?A/XCV2.")8L88\<\TISM%2CUL$*:<G&72YQ
M)!!(/&."*/?%7='TYM7U>WL%E6)KA]BN_0&M./PG-)'K)%W%NT@$RI@Y<9QD
M53J0B[28HTY25TCG\$C=@X]:*ZE]/U'_`(5Y;2K=VTEC-=JL<2Q_.')QRU9^
MN>'7T)FBN;E6N8R`\10C.1U4]Q2C5BW9[CE3:5UL8U%%%:F(5/;?<G_[9?\`
MHY*@J>V^Y/\`]LO_`$:E3+8UI?&CZ;3Y84R.2H_E2)]]N:%(:)<CH@X_"A0J
MLQ'0XKY@^I6Q+12`YZ<TC9'.>/2@8X')P*\GUNPEN_$VM31<^3*-R^HQ7JZD
M9^M<##&)/%/B",_Q2`?I6U/:7H8U/BCZG'P;8`1%P[=35E#&^`\N2.M17$'V
M*^E@FR=IX/J*11#(X5`36#-4R\2$"^6<@TDFI$!492<'GBJ3QRI+B/*IZ5-&
MWSY8#-38+V9I6UE/J,X;;L@`SDCBL?7].(O`+>0/DXQWKH8=4DBT]RR[D5<U
MBZ7;W&JW;7LS%(`?E!')J;LUB]"S;:2Z0#S&V\4Z4QQD+%VZFK-_.H3:7VJ>
ME92MYLVRW!8]V'-._4MEA]JKD+DGO59)D:<!D).>AJ:XN!!PW)'6JWVG($J`
M9S5HDWS#;&T/FL$X[]JYF>PB$A,67'6MBPB%]*/.?\*B\23+:6;11%5)&,BF
M*]CG6GW7<<%O\B$]15W6+V&!?*0_O".2*Q[`@ON9MQ4^E=0=.B2:WU'4@N&`
M:!,<'!_BJ)S4%S,N$95'RKJ9&C"XG4RRY-O&=SCHS#/\.>IJ;5_$BP*PM+6.
M"/RS'L(W.P/J?6K.N>(&=65G"Q+RJJ@`'TQ7(C5;4WA$HW`\AR.AKD51U7>.
MQZ,</&DO?^(BN-2D>W46]N22.3TQ6QH_BV+3[6*&\M][#A53AJNVWAVPUVS:
M:.5E8<G8.M<V-'-KJLK1N7;=@%QT%:I61,Y<SLSO8_%?VV(0Z=$\1;^^,8KF
M_%.DWC1++>W#3HW50.E=)H]K;PVZ^=/%T^15Z@U!JUE=WA.Z[5(QT`7K5)V.
M:22EYGGYO_L:[F`"(.E/\(^-+"35+^*\^V6R7*!%-M&'#8.>?2EU;PA+?W:L
MDY>$?>3IFIK+3QX?.^TCB3(Y#8S2<FE[J.EQY_BT1WMQ:P)8I/%O,3KE!)@-
M^('2L8O.25CR%SQ6?;^-=0L$=;9XFW')610_-:F@WK^(;"X8K$EU:_.RH,&5
M3U/X5I3>BYMSEJTN5MK88I*?-*V<>E6;;5)8G#&/,8IJVRNVXG\*D*HJ[:T,
M+&Q;:_9N`68H>X:M6&>TO$)B=3QTS7&&WB;D**L6,C6LZO&<#/-(FQU1A\L_
M+TIF*F5Q+$'4Y!%5V<KG(XH!,D\XH-O6G([7D;1;MLB*3'QU]<U5/S-WI-^W
MD=C0#1%Y4DG+U%,=J$#K5W4R8+@#<N)$#848ZUE3RT6!$#G=DGC%5)6PWKFI
MIYL(6';M5-`S'+<`TQH=YASQWIA!!W,?PJ4D!JC8[VXH&.@4;RY&:L%N,#O4
M<8V+@CFEZT@)K8G[;;C_`*:I_P"A"O<J\,M>;VW_`.NJ?^A"O<ZI(B857E`,
MAR<58J%ROF$&AD(@P-W7BE"\'=VY%2#IQBHG8DGJ,T@N>&?$IMWC/5N/^6EO
M_P"BC7'UU_Q)_P"1SU;_`'[;_P!%&N0KZ*A_#1\WBOXK"BBBMSE-70I=*62X
M@UM6$$\159D7+0MV:M/^U[#2O#$FBVUT=0%U<K+.P4JB(.PSW-<N`20`"23@
M`=Z>8)@9`8G!B^_E3\OU]*PE33>K-HU))62/0KS7O"TND:GIMI?306]TB-!&
MEN`L17^'U.?4UC3ZCH\G@C3=&COG,]M=F>1C'P0W4?A7,I974CLL5M*[(,L%
M0DJ#48BD,;.$;8A`9L<*3ZTHT8)6N6Z\WNCH/'&JV&M^(?[0TV9I(WA1&5UV
ME2HQ^M:&@ZIH5OX*O](U&]FCFU!E9C'%GRL=![UR?V2Y\M)/L\NR0X1MAPWT
MJ,QN$#,I"DD9([CJ*;IQ<%"^PE4DI.5MSI+"YT'0;NSO+2[EO[F.Z1R3%L$<
M8ZXYY-;K:SX6@?Q$T&HW,AU9!M'D_<.<X'/-<#!:W%T&-M!)+M^]L4G%.%C=
M&$S"WE\H'E]AP/QI2I1D[MZCC6E%643JO[6T-?`5KHTES+++%="X<!,;ESRH
M/K4?B+Q!:WGAN+3%NSJ4L=P7@N)$P\,6.$)[FN9DL+R$`RVLR`G`S&1DU$4=
M5W,C!=VW)'&?2B-*%^9,3JSMRM#:***Z#G"I[;_5W'TB_P#1J5!4]L<1W!]H
MO_1J5,MC6E\:/IF'_4IGN@_E3B&#9(_*F)*ODQG=D!1W]J<9A*,*:^8/J5L2
MXX`'6D<<<"F(_`YJ0N,$''UH&,`.1@UPUG_R-^NYY_>K_*NX!Y!!YSTKAK,Y
M\7:[_P!=5_E6M+:1C/XHE?Q1IR3V1NHP?-CZX[BN3@&TDL<#'6NTUW44L[,J
M\;'S%(!`XKAMQ(Q4M(HO)=H^49LX'44Q9%))Y(![51/"D=`?2I[0`*<YQVS6
M95QU]J%QY`M[1"%D/S$U>M9IX;`*"8\#G'2F*R*=Y7)%0W%W)<OY2_+%W'K4
MV&F4[:QNM8U#:'D:$'DYKK(K6'3X/*C38%'4]ZS[34)=.C_T9(PN.0PJ&>^U
M'57*1Q!5/&12DF:Q:N4;XFXO_+VEE7J12EHX8]H'/I4\@%C'Y80LXZL:S;8R
MW=P\KK\@.%JD]!FGI]SY$PD(R.M8FNO<WU\7<X7L.PJ_(6ZCY?6LNYN/G))+
M+TYJA-%K2$C%Y'#;H)Y6/W1UK6\6W#/##'$28XQM3C!%4/!.4UP3[%)VMR>`
M/Q]:C\43RV\[.K;PIKS\5)N2@CT,%'>3Z%&]NU33PORE\?Q5E65LERVV3`+-
MGI5J\M$OK:.Z0G..5SWK8\,>#VO(UNK@-Y9/RKNY-.BERV.FM)IW9TOAS2Y(
M;)!;C"]P>],O=(CGNY5F15]2!74:;:?V18R2]0H^6-JY635+J74I9[A(UC8_
M<4<UTI::GF2G>I=%+^S8],F#"X41,?X^M0ZI<S01G,+RP^J=:L7@M]1)BF^7
M`R*P)I=<TQ'6SDCN8.R,<M2-;W5S.O?$%W$C)9Z=.Y(^0E>A]ZP'T[4YC]HU
M#>KN<X/`%:US?:[J<X73X3"0/F##'-4&TK6IYC_:32R;3Q\W`I&D5=C8;)0>
M6S^-;FAW4>DZDEPXD\O:5D6-L%E(Z54CL7MXMS1MQ4<TQ4X8$>G%3K>YORIJ
MS/09;*1+2.[B*RVLH!61#D#/8^]5&3/0UD>#IKBYGN[./S)(C"9!&),*"#UQ
MWK9Z]ZWB[H\Z<.1V(MN!@=>]-1NWOS4A&.148CRQ]ZL@W-)OT7$3MP>E:EQ$
M77(Z5QO,;?*Q!'<5TNCZB+BW$<[CS`<8-(AHC+F-C_6HFD')/6KEZB9)7%9D
MA(W9QF@5R?59LK`ZM(<Q]9/Z>U9;OO.:T;Z<W5A9L54"(%/O9)/TK-88/%,%
ML1R@E2*8&"I@]?2I&Z@#FHMHWY:@I`<GZ5(D?<T+SQCBGDD<=C0,1FP<4`Y-
M-;(X/4TY%W#GI0,LZ=&9M6M(5=4W2KRQX'.:]OKQS1;+-Z+K<@6!E)#KN!)(
MXKV.F92"JLQ_?-5JJ=PRB9MW^>*&0,:3D9XJ-F.<CI06^;^5(<D'-(#Q'XC\
M^,=5_P"NEO\`^BC7(UWWQ.TB6V\0-J)XM+]$"RD?+',@VA6/;*]/>N&:UG4D
M&(_H:^@P[3I*Q\]BHM57<BHJ3[/-_P`\V_*E^S3?\\VKHN<MF6M$GM;35HKF
M_P!QB@R^U>KMC@#T]:WCXCL$N;R\B5W^VQ1)/!+R6P<-D^I&#FN7^S3?\\VH
M^S3?\\VK*=*,G=LUC4E!62.FN]6L+L3Q6NISV*B99$FVG=*@0+M.#U![5!I^
MIZ7;>'Y-,F:9VN][RR#`57'W,CJ?6L#[-/\`\\FI/LTW_/-J7LH)6N'M)WO8
MZ>#6+$6^G/=W?FS6TL1`C5EPJGG<,XX'0BJ]Q=66N6\=LGV?3-DTTK%`VUAU
M!Y/4U@_9IO\`GFU)]FF_YY'\J%2BG=,?M)-6:-;1=:BTO2;I"A>=[B*2--Y4
M$+GDD?AQ5VYUB&_T:U$EY'!/')YDL8W`M\^<#!QC\*YS[--_SR:C[+/_`,\V
MH=&#=[B52:5K'57'B>TD:9HE96^UH[$LS>9&/0$X!&:R]9NK0V"VEG<FYW7;
MW);9M"AA@+]:R?LLW:)J7[--_P`\FHC2C%Z,<JDY*S1%14OV:?\`YY-1]FG_
M`.>3?E6US&S(JGMO]7<<<8B_]&I31;3DX$39K4T'2)M3U>+3;='DGE=#.5&4
MMXE8,2S=,G:`![U$Y)1O<UHPDYJR/H1(D:*/*#[@_E1+;*1E<H1W%/21'4>6
M1MZ?2E8@'&01VKYH^H6Q&H"**4.#ZYI2O:D"$#(&14W`<@W'T_"N(LO^1NUW
M_KJO\J[A,AOI7#V?/B[7<_\`/5?Y5O2VD8S^*/J:-Q;Q7,)BF0.A'0URFJ>&
M&MD\RQW.!]Y3U`]J["@C-)ZE'G"+&>#U'K3A">,$"MO7M$\J0W=FN5/+H!T]
MZP'E(&5:LWH!*S;04ZFG1(21M6J\*EGRQK0$Z0(`O)J6-"JH'+KG':M&#5HP
MGEP6<A<?[-06B-=G#(%`YW&MBTA$(9\J5`Y-1)FD3'GLI+SS&N?W2GHOI6?)
M+:V<?DP#<0:NW]U+<3.D`)^E9OV6.U?-T=\A.=H[4(T*&JWS06I)7[W`(]:R
MXUE%HOR$D]V%:VJ2VI"M*I.P\*!U-3^%)_MVLSF>,E!`ZQ@KG!QZ5;=DV"BV
M[(T-$F^PZ3]C%N3-&3),4PP=C]W!]A7->(+:]NI/.$11/XA6RVKVVFR+9V"%
M`G7:,Y/O45]J;)\\A!5NN:\-RJ5*G.>_"DJ<.2^AS06X^R"-!@_K78Z-<3:3
MH<<LTK(Q7=AZXW5+Z%'#1S!<\C:<XJCJ_B:[O+2)"&V1C9G/WO>O2I+2[..O
MV1MWGC2\N;F1GN&$:GH#VJE!\0;;>V;>XD13@NJUS#1K/I<SERC#ICO5S1XH
M[7P\+J905)X0=6K:4K&$:1T7AR\N=5U%S&DBQ.Q):3J!6QK>GFUMFN+*YV.G
M)9CP?:N6A\6W,V(+'3_L4;85WZL170WL37^C^3;-N/4Y-)@UI='*0>*=1U.Z
M:V*^5%']^11S7;:7KL)@2.41M&HP"W)K@+2.6PO98+L>6K@[?<TY+"X<G8[`
M9Z@U%];&D4^4]"U'5M)\DK#M+]_:N)U"X%S<;8^>>HJQI?AN]O9,C>1_>-:\
MGA9K=PSD#'6J=@2[D'A2Y73-=@E:=(MP*%G&1R.G%=*Z2Q7!CGB9'S]UA@UQ
MM_;HB%8AAE.<YYKJ/"WC*_NKJ*PU%4NYMFRVF9`7#=@3Z5<';0QK1;?,BR5X
M]/K1Y?!((J\;W==,UY:QM*LA+\XSVQBENM0BF8;K.)5`.!'\ISV)]<5J<K9F
M;/FZ@_TIK(5(=&(;VK8CU`7$(A^S6H.1R!@G%6SI]I<V[N2+>X&6QCY2/2@5
M^YCP3N?OL6^M++(",4ZYB>R)\Q=O&<]L'I5-I@1F@+(TO-@_L,)@>>)LY`YQ
MCUJC]]L=*NZ5$U];SV0EV,P\R-3C#L.V:>NF20-_I_[D@`A3U;Z4"TV,YHCM
MR.E0X(//2M^2SM)`JV5PSLQQLD&W]:S9M-N0ID-O)Y8YWXXQ0":*BDBGH"Q)
M/:F['!PP(QZCI4JQD*=M!6@@7=4@&T<=:!P/I29`H`T](#LS[0Y7<A8*<#[P
MZUZ_7CNEW#0K+C:0[QKR<'EAT'>O8J:,Y!5*X&9VZ]L?E5VJ-V"925H9!&?N
MC/7N*8PZ9//:D]<^N*"V!\PW?6E<-"&X@AN[>2WNHHYH7^\DB[E(]P:Y[_A7
MGA8\KIA49Z1RLJC\`:Z,_>/!`I8SZGZ<549RCI%V&XQENCG$^'7AAL[M.D_\
M"'_QIP^'WA7.#ITG_@0_^-=#G/W!CU.:7YB"#@$<FAUJO\S)]G#L<Y_PKOPJ
M>EA(<]/](?\`QIO_``K[PL&Q_9\A]OM#_P"-=)Y8`'3FE"'CY@1WI^VJ?S,.
M2'8YT?#SPL.NG29/;[0_^-1O\._#`.!IS_\`@0_^-=/C@`$D5&V0>F<=J/;5
M/YG]X>RAV.;7X>^%^O\`9\G_`($/_C3T^'OA?^+3WS_U\/\`XUT&UCV/-/&,
M>AZ'-/VU7^9_>')#L<\?ASX6QG^SWZ_\_#_XTA^'GA8\?V?)]1</_C72K@'D
MYJ3*D]\#T'2E[6I_,_O#V<.QRX^'GAC_`*!SC_MX?_&D'P[\+<'^SY/QN'_Q
MKJL#;D\_04@!(X&/:CVM3^9A[.'8Y<_#SPL1D:<_7_GX?_&C_A7?A;&?[.DQ
M_P!?#_XUT^,-TIIY)X^M/VU3^9_>+V<.QS/_``KKPOVT]V!_Z>'P?UK9L=*L
M=)LQ;:7:16D0.0D2@`GW]:M*K;L*?EI^TC!!)]JF52<MV4HQ6R*F6B?>K8!Z
MK5M)/,0,!QZ>E,D0-]X=:AB;RYVB8X'\-046MV3U)J9/IGCK40YXQ@U,@.PG
MM4#L+T.<8KA+/_D;]=S_`,]5_E7>#DBN$L_^1OUW_KJO\JZ**LI&%3XH^IJT
M444%,#R#FN"UJQ6VUAQ&NU'&X#M7>US7BE1^Z..23S0U=`<Y]WIVJQ;JKR?-
MS48@RHR?FI4AE1P%.,]ZR>PT:DS%80D0P/:F12SQ0E$));KS4#RO#'\Q+_2I
M;.5B-Y&#GI619IVD`M[-I9`-^,\U@64::AJ;W-Q*`-V`*OZKJDEQ:"RM1NN9
MOE0`]3]:I:;90IH0""6?47SP3M2$@]#ZTG*,%>3-$[Z(DU)+")MXD5L=NHJ#
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M3Z9X?=K>.PM8S.\?4^GO727=M'I6CK;0``I'\V!U.*30-3L;?3U>9UM]V1),
MW!-10FZS;Z&E1>RBNYEZGX6:P"Q0R[[C`+!1P*ET?39+2UEN+J4E`#\N*[C2
METZ]BFET\"=6'^L/.:S-75TC\J-=JMP1CI7H..FAP>U<E9[GD>I+=7NIR/.P
M@ME.0V*T;>Z2"R4M(&56&6]15_7_``Q.+<W//E=2<UF:5;QR6+J4!53A<]ZB
M71G13=E8Z&_^(^GV<*0:;"9=J@9`QS68?'?VE#Y]JRYZ'-9HT./S"R0DG/I5
MO^RBR8,'XT-HGV?=E&ZUB2[)2WA(#=S5G0H&35;5I91"!*"9&Z+@]ZMV^C2$
M@+$?;BI;BP^RH1)R0.W:A,NR2LSK[UY'U&62X4*\C;A@8!'8CVJK,KLWR\"J
MVF:K/J?A^-+K8[6,GEK*6^<J>@QW`]:O1X90<5T7/-:L[%189`V0<$>E;NDZ
MBEP#;7)`E[$]ZS6Z]*C,*#]ZA.]3G/I0)HVLWEG(ZQ1K+&YRT<BY!J*/3[8D
M->6TD8P=QB/4_0UL:7=QWEJCL`6`^:F:G.JQXXQVID&/*8(-R6*.JL!EY#\R
MGVJ+>Q&Z1BQ]S4<LFXX!J/D]304B?S/EQC-(;VX:/ROM$GE]-FXXJ''I2JI)
MX&:`L78-5N(=Y<),'/S+(H.:;&UG.ZB8O;]2SJ,CVP*A6+N>AIDD6WI0/T)9
MK>W\QEMKV-P,`;_EW$TV?1[R&5!(\"I(<+)YHVY]ZSY.'VYX-'ED\'H.@H)U
M9I"Z@"6-G;KN9;A6FD(ZMN'`]J]JKPJT0_;;?`_Y:I_Z$*]UIHF2"O/_`!/+
MKH\172V.NM:6XV;(1:H^WY!GD\GG)_&O0*X3Q'_R,%S_`,!_]!%;T;<VISU;
M\NAB>;XFQ_R,[_\`@#'3?,\2Y_Y&=_\`P!CJUBC%=>GE]QRW?<J[_$A_YFA_
M_`&.HKFY\30P/(OB9R5Z#[#'5^LB^NI))&B7Y8U.#SR:SJ24(WM^!4;M[D#:
MUXI3&WQ$2>^;&.K=I>>*;Q2S^(I`,?PV,?)K.+*7&:V8U-MIDC$Y)&=N>E>=
M*K*W_`.RG34GK^;*']J^*5NO+E\2D`<9^Q1\GTH35?%KSRJ/$6U(^"38QY)]
M*B`(LFF`.].=R]5J6QDVVC&5F9Y,R8_J:;JS2_X"-W1AT_-CFUGQ6G3Q&?\`
MP"CJ"37?%F./$7'?_0HZ:S%B3G-,+<=J:JRZ_D<CBOZ8X:_XJ_Z&#G_KRCI3
MK_BH_P#,Q?E9QTMJ(/.*W$7F;AA/FV@-VS6-_P`)$D5X]MJNG^3&C8`BX9,>
MN?O>M5[5_P!(EJ*W-C_A(?%8_P"9B_\`)*.@^(/%?'_%1_\`DE'5=E0QI-!*
MLUO*,I(HZ^Q]#0&&,8'UI^T8^1;E]=>\3NH_XJ0Y[C[#'36U[Q2#C_A(_P#R
M2CJD#@Y%#,=W-+VDOZ2'RK^F7#K_`(K'_,Q_^24=-_X2#Q7R1XB/_@%'5,L?
M4THSUSD&CVDOZ0N5%K_A(/%B\CQ%C_MRCI!X@\69S_PD7_DE'54]>M'(()Z4
M_:2\ON#E19/B#Q9G_D8O_)*.F?VYXFDD'G>(3GID64=2(JG'`Y]:5;6(9,G/
M/:I]L_Z0^1$R:WXBSA_%+`#_`*<HZL6VK>*);\6X\4@H5R&%C'5>*.%#D6WF
M)WR.:9+]D"J]GOBG#<+4>VE>WZ(M074U'O/%&6$?BEMX[&QBH\+&Y.IZH;ZX
M^TW&]=\NP+N./0<"L\WLL!"WL>YLY#IU-7?"#M+>ZD[@@LRG#=>E;493:DI"
MJJ"E%Q[G4T444#8$X&:Y+Q)?1W<JP0G<8SRW:NM/2N0\1Z=)!>?:H@/*?J`.
MAH>P&)AD.6;VZU9@614+;LYJO]\^M2NYC0`MM!P"?05F-$K&:<A5`5`0K2-P
MJY/<]J?=3VMKB.&\^TL58,8%X5NW)ZBJ&JWT%WJAM['`M8%$89/^6Q[D^O-3
M0V$LF`@"CZ5Q5<0HNR14$YO0EGN9=2M8[<PQ00(0Q2/DLP[D]:LV;7&F(&A4
M-$?X<=ZD2"UTV'SKR<!1V'6H6\4V;HL5A"TA)QN:O*K593/2HT5%W;&ZGJ5R
M]H9)`1S]U1S7-ZC(DSI<2@AP.`1S7;ZKJ4%CI*R3HN[;G&.E<&]Q<:L#-]FV
M0G)4@<FIH-+6QZMVHV;(?^$AN=+C$SR,&=ACGM72ZW?'4M+BN[?YPR`D=>:\
M]UJ21HS&8F*#ID<YK7\)Z@\&B2"_<[`V$4FNRI1C95([F<)^]RLK*[71EABD
M^SRX_C.`WM5#2+BXT+4_M*KD'B1?ZBM>\EAEU&(O$-A8$$#DT?$*ZD@BMK>P
MMDW7,88';RH]:ZU%5(69R5)*$M3<FG@U*U\V*XWAARA;FN7NO&-MIMO)8W\(
M<+]Q0G)/H:9X&EDTW781JC^8CG`]!FM;7?#EA+X@>YD@)VMN'H:Y:<E0FXFT
MHRJQ*_A_XIWNE9S:1)9-D%57YE'K5G3/&,FO:H7DDD:!&SQT-6;'0=+N-.N[
MR^3$:<(B\9J+3M'U'2[2:]T"WM_L[\%+A>>.<BO1C=Q.&48QG=[HZ'7M.N?$
MEG!!83?9H^K;\C</:J4?@+58?*,05D4<@/@-72>&-8MM<T9I'58Y;?Y94'53
M6@^J"2R==.D$CQG!!/W:=DS)5'%F-;:5;V<7^E`*^,$9Z59V6)`^12!V!K@O
M$PUVXN99)YU2->=BY&:Y^"\O(D$GVAPOL:BQLG*2N>J75U:P1D1E4%<OJ&IV
M*DC:7)ZFN>BO)I5!DD<Y]3FH)I2\Y7GZFE8I1;9TN@:[I-N;NTU"/RH;D!DG
M1<LCCI^!K;VO!((Y,`X!X]#TKSTQ`=!Q7<>'[ZVO_#ZVTD6V]M#PR`_O(SW/
MN*UB^AG6A;WC1XV[JAB#$L#T-.#@-MSQ1(2/NCCUJSG%M[V6SD(AR`32W%Y<
M7C98_A583,#C`K2L8TF<'%,3156%ARU2K&2<GI6^UM`L6"HSBLZ5$'W!B@29
M2$.YLCI5F.#'3`%.1,CI5E(P`.YH'<KB+;TQ3)8L#-7C$>V*C?&<$9H$S+>T
M$AXZU8AL6V9P#4Q"Y],4OVM8>2>U`7(HK5TO(#MQ^]3M_M"O9*\9?66EO+>)
M%',R<_\``A7LU"(D%<+XC_Y#]S_P'_T$5W5<+XC_`.0_<_\``?\`T$5T4?B.
M:K\)ET445U'.B"ZNTM%4N&)8X`%<_)(\\S2L1G/2MS4AFW7C^,<^E8$P(9N,
M<]*Y*TG?E-Z:LK@NYY0`<Y-:FHJX1%#Y*QC<3WK)MY1%+N(Z5KZG(&4%HU;>
MJ^6<XVUR/='52ZLI.[2R16P9E0CMQFK7R16WEHGS#C=ZBH(EC@O(#)F25^P;
MA:MW@!E;:142U9K-M1T,]C@\TAP.<YJ1HP2>:A9<'FM-#C!4\Z58P=I8XR>@
M]ZYCQ)-!<ZPSVTZSH(U7<H(`([<UT%W=+86$EQ(<,ZM'$HZL2,9^@KB^AR>M
M)OH1-]#:\.ZA;V_VFUO)3%',H9&/W1(.F?08S6_+"\6-X!5AE74Y!'UKA*U]
M`U*:VOX;>28?9)#L>-V^7'K[4*2V%&5M#HMWR8`&?6DZ\FI);>2##.H"L?E(
M8'/Y5&>E6:A2J0!@\"D]/?I3D0OTX'J:0A=N02ISB@!MA&W(-.6!@3M<`_SJ
M>-7$9W=<T-C$A(,8XZ<5<C1>"RDYK/5FC;#\`GJ*M)?+']TYK.2?0J+74NJ9
MCD1I]`:F32X0@>[!9SV!P!6>=5(_Y9NN*L6^L@C$F#[&ILUL;)PZEZ*TLX7,
MB09<=`3G%,\.DG6M6)7:=Z\>G%5/[:42!8HF<G_GF,FK'A:3SM4U20JREG7A
MA@CBNC#W]Z_;]3*NXWC;O^ATM%%%:$L*:Z+(A5U#`\$&G44`<#JEB^G:DRD8
MB8[D(Z8]*2Q1KG4K>,2>66<8;&<?A78ZO:0W6FRB9,[1N4CJ#7#PQ2%)[ORR
M8;13(YW[.G8'UJ&@.>EN98KRZ$3C<DA&XC&>>M0Q7FHR,S7%XY!'`!JCEIF+
M;R-QR<G-6TVA0%P#V->?4IJY$)N.PNR>ZD"R3,RG^\:W;&2WT^-?*3?*O<>M
M4K*-6;=.XV#J:V+2YTI9!"4^9N]<=2UK6.RA)R=[E&:VOM;N@;ASY8/2ND:*
M#3M.2%%W,%Z*N:O65I98&UP5/:C4&AM8&=%``'4UPSGS:(]NA&5[MG!:E)(-
M\L\:HG;(KF=0O#"N&7;NZ#UJ_KEU/K>L+;6Y;RU.6`J*[TXW6MPV[CY47+#-
M>I2FH)*05+R;L+8:TML(Y6M%N%7J'.`*ZK44B\3:8-0T]@TJ)@P#!*8]/:N-
MU:"2XF&F6,.P#DD=J[/P!82:2)9EB#1QH=[$UTTJBDSDK0=G+L>?L+L2M')$
M(BK=2<&NELM5EU&_MK*-BT"I^\]N/6L_QOXBM+J9T2U1)B<`IQ@TO@19397+
MD`,3@'O48F-HW-,/-RE8Z/PSI8OM:FM;R[+00_.EN>CFNXOYK>WMHX[[RK*%
MB$$N>/I7EYU*YT/6(KZ-2QC;Y@.X[BM?7?L7C2,.VMR6L8&5@9<;3711?NG+
MBDU/3J6_$O@C2QOU/3/$T=IY@Q,J2X#CZ5Q)1=(O%?0=7.X#]XP?.[ZBIQX>
ML+"50UR^J=BK$@?6M/3_``K!=S&WL;0`R<E\\K5MZ:$13WD7;/0M0\3Z7'>/
MJ0V/D,K#'(K#UO1)M)DV!TN(1U*]J]"AT6;2M)CTZ"^C14SSQDU@WOAYW#`Z
MC$=W4[A4LJ$^B."FO9%_U,!(Z`CFIM-@N+J0R7`9<]`:T;C0+O39OM"LCVRG
ME@XK2M[ZQAFCEOI%AA7YO]_V%92<DTD=2MK)O82VT.62+S64J@'!]:O>'4CM
MO$D%NSO'#<9BDVG&X'L:H:MX^M6W1V465Z`#H*Y@ZGJ.I78>WRFULC'8U:NM
M3.3<]$>C,K)=O$3]UB.#5M6&-G&:K:*SZMI=Q<7FQ-0MMORI\JO'C&<>N:C:
M8I-C-;)WU.%KE=F7/+`!)`S4UK.(WPO)]J@9M\0Q^E0B46AWL,FF(V9+IF;D
MX/I0K!A[UC"],SE^E78+@%ASR:`L:*+D[NU395.:BA(91W%.D^8[5Y-`AC3$
M]\`>E0/*2/4&KJVA9?K3EL`&W$'V%`&2XD/12,U$;1Y.78\5NM;C9T.ZJTBF
M/(*\TP,ZUM$COH"1SYJ<_B*]KKQ^%<7D!/3S5_F*]@H1G(*X7Q'_`,A^Y_X#
M_P"@BNZKA?$?_(?N?^`_^@BNBC\1SU?A,NCO1174<YGZL\@M=B1LP;JP[5B,
MQ?`*DM75^U9LM@J7:FWB`$G+EAD`>U85(<SN:PGI8QQ%B?"\@=,]ZT[T,T<`
MD54**-V3VID8B,DUTT:[(SMCW&JTKF]9II'P"?E![BN&7Q>AW48W5Q]DN_4-
MZ8;!X(Z5;O&42Y4CD9HL)(H88_D`<Y!P*HZA?6EI=G[9.%=O^640W,/KZ5E=
M7U'5DDK#RP[FH;AH;6#[1>OY<7;^\_L!WK-NO$>W(L;5$(Z/*=Q^HK%NKV>\
M<O=R-*_8D]/IZ4N?^4XW-#-4U"34KYIV&Q`-L<?9%["J>,TIZTE49L,"C`QB
MC-)NYXH$=/X:VRZ;<0"53-Y@98F."!CDC/7/]*U39SCC:I..=K@X^N#Q7"AB
M/;TQVH65U)V.ZYX.UB,_6J4K:%J=D=E-=Z?:-Y5U='S3QB%=X3G^(]OPJQ/-
M;648-Q?6ZQ,,H\;;R^>F`/ZUP2R;"2G!/7WI`PWD@<GG-.[[!S,]#C5C`DH/
MFQ.,K*G((]_2GQ2`G9WKB-,O=0MKR,:=,XD=MJQ@Y5L]B.E=?<./M&5"*X`#
M&/A2W?`H6J-(RNB]Y:L"#C/O4D=LH()"X^E9)ED/)8YIPN90N`QI<K+4EV-T
M0Q,VY@"!3&L[>7Y=J989'KBL07$R\^8?SI@GD#[E=@>F:.5]R^=6V.A$UC9N
M(HF7S.FX]JD\,D'5]5VOO'F#YO7BN79BS;B<GUK?\$_\?&H'_:7^5=%"'*I,
MQJ2O**7<ZVBBBF4PHHHH`K7\$EQ8SI#*8Y-AV$?WNU>-ZM=:ZES/IFJ7)(9_
M-EC0C:2>>W\J]L/2O&O'V8_&%\(0T:CR\"(=25R2?4>WZU%27*KEPHSKR4(+
M4Q@FU]J#/K5VWM&=MQ/_`-:I?#21+HNH:HUI'?7-LR1I'(K-&H;J^`<GTK5T
M=-.GMM1NK^"2T<74,420(W[G>.F&/3OS6$H2>B.?EZ%>"RDDPH^[U)-;-EI.
MGM"?.G"R>]5;/19[F^M[-KL1/+J+6AD1#G`&<]?TJU#HEC)+"T-_=N\TT\$:
MR0\;X1EB>>AKBGAZC.JDXP=WJ:FFZ1)8OO%R&0]`>F*K:W?QHDBRON(["H=R
M/HEK<VS3073Z<UVZL"8W"N1C=V/^%4M3TV.6&Y4W$S7-M%'-+NBQ&RN`<*WJ
M`?QKF^I5.:[9Z<,7""T1SWAM6FU:6YD'R.Q`!ZULZ;HUQ<:Y=WDL9"D8CR*U
M%T>RC\3?9]'W06T5DES()%Y)V`\?7N>QK5FU6.&SE5'CE:/'S1C&<C/Y^M&(
MIU*:<EZ&M"M&<K7L8,FD1Z>SW$A!E8?E3-$\3V&D0W%K?L6\]]H5??O6/JU[
M?ZFGDVR,"S8SZ"J2^'H[74[(7!,\C,%<'O5X5\KUW-L0N>+2V'^,O#NC6K"Y
M%ZJO*/,1",DUF^%=2AB-PNX+&%SGT_"NX\2^$['56C\I/*>%<;2>E>;&V;3=
M4,*!05D`!'&?<'UKT:L5*.IP8>;C+<WI[^)XR5Q."P'0@DD\<&NFN],$=BJW
MMC#]M3:)+=9AYL8/0E1_C7+6MC+!*EW.Y=U*LI;OAMW([#VK7OM8T0:Y<ZS:
M3WR75Y('DM9(@4C8_?(?/(].*FERM6-,4I<^FWYE@:;]CB#[&"N,K\AY^G'/
MX58M&O(6FDM[6=C"$,J>6P<*S;00N,FM&WOK6:TMC:QSPV\5VMRAEC("*JX*
M!BQR2?0"F?;[AAJ-S;+=W#71B4R0L=V`X9@3GCCTK;D2=[G(ZDFK6.5U^_N;
M%9)0\K[FV@[6RI]".QKD;/1];U075WON5E4\Q[&^0>_I^->IWOBO0YI9;?4?
M/BWNLC*(-[[U/<9_7-7M-DLTNKC6K>"XF6[E,I9%+ED*D!64,`#]<U7+V9,9
MVZ'C3Z5KUP`US:7HM(CDL$=D('?(&*Z"^T[^U;.#R^%5!@5T#:Q;VGA>ZL5U
M'4[35;LL)D\DO"(\DB)?F`&>,MBJ%O,%M4#($8*,J.U85%LXG=0]Y/F1B_V*
MEM;\@%A[5H:9#%%$2`,Y]*=/+YBXZ5725DC:-<#=T-2TVM396B]#J'U.+0+>
M&[`1I%&=K=&'I5XV4=W;1ZAIUW%>03D%=C`.&/\`#MZUYI-:7M[=I'-,TJ@\
M9/05T-C9M;E/LVY9%(P4.-I]:T4N71'-*@ZC<GH=E&#&N&&"."#VJ"Z`;CKF
MIEU&UN[*&&8+:Z@#L8L?DE'][/8TS$BHDDL;"-_N.1PWN#6J:9R-..Y`L95>
M!5FV1A,O%2QJ'7<*9YGES@+SDU1)LPH"@&<&KD,(*XQUJA!]T,3SZ5>MWR0`
M?>I)+B(%Z5)@9Y%"9<#`QCK4^S=T%-"*S*I/W?QJ*6,'^'(J\8<K@K47D,"0
MI_"@$S.2RS<Q%5Q^\7^8KTVN%BC(GCXS\X_G7=52)D%<+XC_`.0_<_\``?\`
MT$5W5<+XC_Y#]S_P'_T$5O1^(YZOPF7112JI9@!W..:ZCF$&.2[JB`9+,<`5
M@MKB:M;3?V8)(TAE$3,W_+0$9R!VZ5GZUJJ:S*UK!)MT^#YF?',K?X>E;EA:
MVMI9QK9P+LF0-\S8+''&:\ZIBKR<8=#HA3ZLK-#%#9Q&2$SH#N<D\+FDBC2:
M5L1DHK`<<"M,IFW9)NAY957&?:JNG@"[DB4#.X`8Z8]:YG+0]**LA]W<0:98
MLVR3[7*A\AA]U?<UP=T2Y9B<LK?,2>3FM[Q)JBW%\P7+&-RBGL%':N<E<E9B
MW!8#-<:DYNYS8A*.A`S=Q4<L@CB>0C=L4L1ZXI-Q`IF000ZAE(P5/0BNI(XT
M@>6+^T%MBDXWX_>+'N2,LNX*6SUP#2-<6D4:R/*X5FB',1/$C8'?ZTYQ#)=K
M=/$R2QD,OEN=IPNT`J>#@'ZU#Y%H(F06<9#,C'=(YY0Y7'/`!K9<I=XBF;(O
M<VERGV:\:UC4)N><@9PHSR0,D^U.4!YUCC69@81,9!'\B*<C!.>N0>!FE=HY
M!*&MUQ-+YTFUV!,F,;@0?E./2G/(D@A#PIFW&(CD_)[@9QWH?*)N)/+I\L-J
M)6EBW;=QB#_.%]2*J=ZG>[D92,+N*A"X7YBOIFJ_:LXWZEU?8W7LKVMK?N-/
M4T@.#0,G.`3]!FKEII&HWV/LME,ZDX+;<`?G6B3,MS>\/6+069U!U/F392$8
M^ZO=OZ5H8J*WTRZM+=8+?Q"`Z=(O()4$=%W9Z'IZ5;NHVB$;2(L;2#+(&R%/
M?!]*I*QK':Q#2TP-BD)S3*'MTZTRC)Q24Q"UT'@G_7ZA_O+_`"KGFKH?!/\`
MKK__`'E_E6]+X9$2^./J=;1114&K"BBB@`K.U#0],U2:.6_M$EDC/RMDJ?H<
M=?H:T:J7(N^1:Q1R$<@.VT-[4:=1JZV/-_&EM/X?UP7^DW,=I]J7;Y5N,;0.
MN1T.:Y@7UU-+(\EQ*[3R"20LV2SCH3]*[M]!U'QI?/<ZWBSMK5S'%%"O)YYY
MKG?%'A^W\/:I'%9W+2PRKN"M]Z/V-92UU,6GOT(;66YC=9C=2B19?.#;N0_]
M[ZTLFL/"Z)$S*T;.RLK=&?[Q_&LMM2ACW1KN9O7'%5D8SOPI`KEM*3WT!2<=
M3>.INNEBRDO)3:[=HM\\8SG'KC-3R7US_9JPFX>6(?=C8\#T]SBJ.G:<LK[Y
M5.?>M2/22;A61]P7^&N:I/E=KFT'*2T+&CB:2:&6[N)6EC3RD<'E4_N^X^M=
M/:V.GF*38=SMEF+'J3U-4=.LI"V'1=OH:N7OE6DT:6T:@G[YKS\14<_=N>SA
M*3M<@G@BA^6,(">^.M<=J]HM]J"0_:6MGW<.#R#[5TMXAD4S02^8RGE">E<K
M+K^G:7XABN-;MY76/YMJ+GGWK7!KWKW.VK:-,Z?3/#>J65H5N+PW)(X9@<UY
M[XDTB[LO$2SW>?+<_*1TKUG2/B#H&M,IBF\D_=\J5=IJIX[TN?6HHS8HOE@`
MX`KV^5.ZN>/SV:NCB895>5K-NZ`J?PJC=6L<:&'!W$]:@U%+S3M7MG:%O,0X
MP>`16A#-!>%P&'GCJN>E<3BZ;\CTU)35C6\(WUCY9L-65G$+[T&>&'O6C-X[
M@&KS6MA;I%"O"JF`#7%7UFR'S8IV60#^$U:\*PVZZB'O;<XQRX&3FNN,DT>?
M6I2O=&_KMW:W`$\5K$LSC#';R:A\-:=J-C*]Y',;>UP2Z29VX^E.U?38[R<M
M9EU0GY,\?-5+69?$EK9IIE]=)<&4!8EBP6/H#BJ>YFG[EF9NJ3B[U1G1E=0W
M\/>I[6#[4X3D4_\`X1BXT:)6O68SL,[<=*['P7H46I1-*Y&4//K4RU9U4Y6A
M8Y=]',8.!D'UJK-:`(24`(XKT;6M/MK*/((KBM4NXXB21GTP*AIC4T]C'M;:
M429"%OI5YOM.FD3/%\K#FI++581"7)`*\X-:5_XOT&YT4VEVPCN>@(]*:U8I
MS<4<EK.N6\L1P"S]UJ;2?%^I6]H+#'VBQ=AF)^2HSSM/:N?\F*[U.1+<EDSD
M5U.G:>D488J.!Z5,Y<FQ4(*HM3OM/ABU#3Y+JQVH%;FV9P71?ZTRULOM,A;&
M!GBN0\UWN5CBE:)FXW*V.*]!\/0WH3-V/M"%0!(`-RXZ5I"=TKG/6H\FL1R6
MA0;2.E6(H#GE2*T[26UOO-C+;)(<[E88(]_I5B""&YA$EO,DD9Z,#6MF<;95
MMH<@YZ5>2'TZ4J1[!L09.>35R.+&"U-(EE8VV.]1M"!R.35B:0`GFHEW-DX-
M4!"L>)D)X^8?SKKJY=8)7E4[?XA_.NHH$PKA?$?_`"'[G_@/_H(KNJX7Q'_R
M'[G_`(#_`.@BMJ/Q&%7X3+H*[E*Y*[@1N';/>BE!P174<U['ENIK=:/=2Z;.
MB*T9R67HX/0U;TF^::=([N9V\I3Y0<DX/H/2K7CO1_LURNJ1.3%=2D2*?X'Z
M\>V*PH-KJK-(`PZ`BO$KTTDT=$)\LDV=C;>)7:WE^VW3()_W(60[C&>Q'^-;
M$4D>F6</E/%)<2?*I4[LCN<UQDUG]HL(Y25.7QNQRW'%7=,E\RRA9)&9HNJO
MP1BO.<W&#BCZ"T9Q56Q6U%2URT<";RA+.RCEB>:BGL#'I*OL5I6!:0=64=OI
M71Z9IZN1=R#]X[$YW9X]#[U#-'*NHG`3:?D*E>"IK)5N73L8QP2J\TK[['$^
MH]*974WVCQP7>V)=VX9!]*@_L5O*+[`%(ZXKOCB8M79Y+H5(MKL<XW2FYK5.
ME<<,W-5/L3E9"#G:V![UNJL9;&+@UT*M&#2A2#@C!%+CUJ[HD;@\`#)/I6UI
MWAYYHS/J)>WAXV*,>9)]`>WO47AZ(OKULV2!$3(?P%=$S,[%G))[D]:N*N7!
M7U8D92V0164$=O&HX`7+'W)ZFG///-_K9G?_`'CFFYHSQ5F@W`Z8H*\\4N*6
M@8TC%-IY&128H$-HI3Q24P`]*Z'P3_KK_P#WE_E7.[<<UT7@G_77_P#O+_*M
MJ>TB)?''U.MHHHJ#5A1110`4V12Z%0<9[CK3J*`(;>%+:W$,0(`8MR<Y)->6
M?$#5H9M;-K"WF+;C#,5`^;O@]Q7K)Y4BN`\<>$+R^ODU2S!NLJ(V@`^9`.A'
MK2DM")W:T//;:R-[,``<MT%;<>EV]D!YDBF3N,U1<W5H[0JIMY8SM96&"*KQ
MQSF8DR;F/<UPU)2;LB(<J^(TI+NX<F.$[1TR*NZ9#?I(LD>YFSWJK`ZZ?$&N
M!YCGJ!5RVU.^NU*6\7E#L<UQR6EDC>GON=O:W<"09GVB3'S!3G%8M]=QI-B6
M88)P#GD51L)TMHOLTT@:Y)R^:JWMA`+V749G62-!\L8/4UYW):1]#3JQLAUW
M?QV:E(&:1W.1@5G>?'=65QI6MK!:V,[>?<WY!$D?.5WYX(XP%'K6YX=TTW`E
MO[B,[&!$2L*YOQ18)#.TUU<_9XI7.R.1L@OW*J.2?Y5M""J2Y.O?^OUT%7]Z
MG=[&UHECH0U6&35V@MX[1,)&%)DN`?NLS=&'<$?2O0+;5=/O2([`AP!P`.,5
MY!HGA6]UEK;['=_:[12RQ2(V5BR1N'MCT[5[#I&C6F@V*PQN)9B,,^/Y5[%&
M+A'E/,G%)*[//?&]KJ-W.QCA8(#C@=JX.**;3M6MVG1XP[;2S<#FO?+ZU><;
M(P,^IKSOQ=X0N)89+J\NDBMX%\QF)PJ@=R:TG%O0JE421B7D<3W;[#E%';H:
MKP7DUG<"2,94'D>U0W1N-$?;>(3&HV\<C/K4R1&>W6;!`<9QBN:*<'9G>VIK
M0ZVPTR'7H/M!U/RBWW$!`V5S-W!J.@:G(UM=S7MUT^T%03"/4"GV$QT-FENE
M$\!V[D7.4+`E?KP.U;&D-?QVMW?/IKRQ77*S,<$+]#78MCS9JT_(P#=ZQ9ZD
MG]NZDU\DZX5L<+FI%UW4=%NY#IEUM!X<=0:T9/"AU^<IH]^K38R$=2-E8VJ>
M'I-%NQ!+<B:92/,P.AJ7W-*=F^5]2_-XIO\`40HN#D@=A5'5+EDM`[G))JM(
M[6XP1DYX(K,U2^>ZEM[0#^+)J;O=FW(H;%N\D:*TRO4K6;9Z0;V/[1)W-:US
M!YD2H.N,5I:58O%;(LB[5!YS63J61LJ?,S%TVSDMK_$:$]C75R%T5(XURQZX
MH2W)N`EI$6=O2M72-#O)]30RHP"D<$=:E)R]YFFD%9,WM!^'2W,0O;Z9N1E4
M4<BN[T_3K>QMO(@SP.]36BR0VJ`#!`&14<U_#;W,<.<W,I(2/KD^_H*ZHQ2/
M+J5)2W9F:HEJEV`K!+]T*Q$=3[&K>D626EH8ER&8[V''!/:H+B"*QDFO)ES=
MS@%SG(0XZ+[5=T=C)"96Z'UK5(YF7(H%1<8J1E&WBE\Q!QFC>,9)I@0)`,[G
MZT9P<"DED&>#35.?>@"5/]8OU%;=8\?WEX[BMB@3"N%\1_\`(?N?^`_^@BNZ
MKA?$?_(?N?\`@/\`Z"*VH_$85?A,NCOZT4&NHYT<AXXL]:ND#Q[;G3HW\Q4A
M3#Q]OF'4\=ZXR+:4R6(]NE>Q`E3D'!K'UKPYIFIQR3O;;+E5+!X/E+D<X([Y
MZ9KDK479M%QO*7*NIQ]C*ATR8*K221D&,#D^^*NZ6UMY:7!386)VCT;W]:R9
M1<VEH_V:UGL;TAAY+$^8%R,\=CC./I2W;(NGV::!<3C-T&<O$6(^0D@AL9&<
M?C7BO#\^J>Y[\).A>A/5Q[,[6R.9)5F=(^>!'QD^OO5JYC46_F'[PXS7GWVO
M4([4RA/),4,1)\G)#,QW-COCT]ZU-2U6YM;MI(+F2[4Z;&%E,&Q?,,C?,4[8
M&/YUA+`R<K)EPQ*B]4=*US;O$I*!F!PQSTJU,%EM"NP[<<<UYS;:YJ.+$31Q
MB:[E:W9EBP%(;)E/MMQQ6CINO:I<ZK(MY@*)9$,'D;1$JGY&#_Q;JB>#G%7O
ML:JM2FTDGJ=*^GN86,:`N!GTXK`DMV5&)^4Y.<5UL$S7%LK,0I89X]*R;^V3
M>VPY)/)-8TJCO9G/B*"2NCD[J(*W0Y-5S'@=.:V+J$+<+D=JEL-'74))))W,
M<$(!8J.6)Z*/K7ITY7T/#E"SL2>'D5-.N95`\UG\LMCE5'/'UK0P*<%BBA\F
MWA2&/.<*.3]3WI*[(Z:%I60F!1BEIIZUH,:>M`I3S28-``:0TN*/K0`W&3Q3
M@N:48Q10`QABM_P3_K]0_P!Y?Y5A$9K>\%?\?&H?5?Y5M2>DB)?%'U.LHHHJ
M35A1110`4444`%)@&EHH`X3XCR0QVUJWE%7+L-P7`/X^M<`DCJQ*]3TKV/7]
M"T[6[0)JGFA8VW*R/MV^]>/Z[9?V7K[:?&[B(R[5?JVS&<\5A4IKF;)Y'*22
MZCXY7+AIV#>U7/-G>,*N88SW4XK!MG8R$(7"'(42,6(Q_%D\X/\`2K4,MZTP
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M7GV>\2YG+QR(V[&%/`(QUKJ/B$B#X;Z\206^RG!)_P!H55.M>'YO#]A]FM[>
M(6+"2VC*\0,,\K^9I-&-KXF^U07;+<VLD9CDA<9213U!K3F1AR.[N9?B=%D%
MAM@5T.UF91D8QU-<2-5OXM'TBZ-Y(LES<VT)DW8,@S\RGU]Q7I-WX-T'1E-Q
MI6E0PS[2BE`<@'KU-<#X@LXM&F6_33-/WF8./,M\D/G[PYX-3+EZFD.:2T+A
MDO\`4YM2L+><AXA`+/>,I`S1L20.V3WKH/"UG<ZA=SZ!<_;[2ZM@DUU;W5U]
MHW*1@-$W0*3SBN8BO<1`SQ6Y@N-HGS'_`*T`8`8]\`FO4?`UGHNFM--I5M#"
MLBJ7D0\GCC))Z#TJ5)21I4IN+3.CTK0K'2+?$,*H<?,Q'/XUXE\1M1LD\:W/
MV9_,10"Q7IN]*]/\6>)6-G/!IIW/L(W+ZU\WZI/<G4&24GS'DPV[KR:T6QBV
MW)&SJ%Q)-'&T(PKC-+96(GNHGQEL\UJ1Z3.UI"BCY0O>K^E6"VVYG8%OY5Q2
MJ:61ZZ@[ZDD-G'`/,E4,PZ"MG3/"VHZU;-<QLL<6<*&[U0TZS_M?6X+>,DIO
M&[;V'>O;%M(K'3(X8%`5%P,"BG3OJS.O5Y%:)R?A+PL-+AN+J]V22@[5[XKI
MK*SA4^88P&SUI975;41Q9!?DYJW$FV%1WKK44E8\^4VW=C;^YCL;&6XE)"(N
M>.N:CLK&.-5NY`)+F9`7E*X)'ICM3+R);VX@LY$5XL^9(/,PPQT..XJU=2[(
MCC`QTK1&,G=G/Z[+NGV#D5L:8D?V-`>.*QYK"6X9KB5MJ]<8K2T\*]L!NR1U
MIDF@88^H/ZTQD&",_K43P.@RK&JK"9F&210!9(&>M21*!UJFJMOQ4S9'%`%L
M2JCJ,]Q6S7,[AYJ>NX?SKIJ!,*X7Q'_R'[G_`(#_`.@BNZKA?$?_`"'[G_@/
M_H(K:C\1A5^$RZ***ZCF"@BB@T`<[XPL3+;P:G'N\VW<)*XZ^6>_X=/QK#O(
MDN5=[:%I\H`70[3],#BN\DCCFADAF0/%*NUU]17'ZAI,VBV[V5N2;6928IP?
MWC$<[3[BO'Q]%W52)Z."JJ$^5]3F6@E\TVRAD<+GYFSS^=2&">Y:);>1I=_R
MMZ@CM45R)8DCN;C=O#;??GZ=ZTA87>@F"YO'%K;7(!5QDD-_=88X)Z5PNK&$
MHJ4E=[>9[4G%:%.:VGTX!)8B2,G>W521CCZBGZ?<;BN6P`<$&MG5<7-B)!<*
MMN4STR6KFK5@)B>2I/&T=:VJ1304Y:W/0+"X62)%0#<1@BL[4+E8+MH)SC`W
M*1WK!L/%$D5Y:_Z/]E@D?:J2Y,L^>,J!P`.IR>U:>N/%*HEW8D4X4>M>9&DX
MSL]F9XRI'E]T<\*2INY.?6MN"Q%AI2IO9WN`)1P,)[9[USFFW>[Y9.&!KH;+
M4HI(Y-/'+D;XV/0$=1[9KLHOEJ<K/+?+*',5&R#S24I;<<TJBO31SC:",]*?
MMI-OI3`81BDI^RC&!F@!!P*:U*PP,TE,!M&>>:#UI",G-`"$\5T'@G_7ZA_O
M+_*L`C/2M_P3_K]0_P!Y?Y5K2VD9OXHG64444C9A1110`4444`%%%%`#7"$$
M2H'0_>#=,5X]J6AI?>+KC3;<A8S(Q+OG"(!N)]>@KV)AE2/45YUXGCDT+QA#
M?P'S6F3>?-&X-D%64^V#6=3HR7;=G'3V-A%-"-%NY;A)S@F>,1$'MWQ@UI0Z
M9J$>K)IPL\7#1&<#<,>4.KYSC%3I<6MMJEM>6&F0VZ09S"TA<R9&.6(XQVXX
MIMUJ[76N6=Z8)E%I;_9UCCN<.PR3N+[>O/3&#7/S4Y;BM%N['0RZUJBS66D6
M]M)';LJRS/,@4%N@#9P2?:LW5O#]];)&FHP")YY/*^65&`?NK$'`/UK;$\\[
M7DB6<$(NI8IBBG@&/IVY)[FK8ENS(+@VL1_TYKTH>06*[2O_`->L?W$79&R<
MIJQSRZ5/H4<+/`!YJEHW!#*^#@]/0U:MHKG4I`-2E2*W7G`KH38W.L6]K";5
MHHK;?MWR^8QW-DY.!5B7PY:PVRI=DD.<%1VKCQ%6DG9,Z,/0JNIS11R5[=1+
MNL=$MO-/0R8Z^^:R'\/6]HIFOG#W!YQZ5Z+::;IT=PUM$HC/\!7O6=K?ANT*
MLSSMN]!6$*]G9'MJ,IK5'F4FL7MY*-'LXT6.,Y>7U%=WX`M;".[5)M0F2YS]
MR,_+6/!8Z98-+!$Q-Q+]YV'/TJO]AO;:4/HX/F="X[5ZL:C;U.2=&R;6YZWJ
M.K6WG>1`Z2%>ISDBO-?B-=V+6N))6$K#Y5'.#77>'?!DUO9?VAJEQO=DR!G!
MS[URWB;08W626)/,=L@9YKHN<<8*.E]3GM/7S="M8WFWR,F=I;YL?2K^DRZI
MI9,EMYIMG?:PY*L1VK"MY/L=E%;3$121)AHB"&,G]\'IC.#U[5W&CZ]8P^&8
MX9Q9W4WV@RLLX)VKCJ.1UK.*LSIJNT59W_K\S;^V0"SS=C[/(>#&W#`XS_6N
M.USP2KO'K,-ZA;?N$,C`;A[5T(\7^%M0\1ZHDNH0*&V/%),"(L!0"%./\XI^
MF>(M#O\`6[TP7BO:PSB!E#%8YH-GWP-IW?,<8XK;IJS@O9Z+4QIK@""*$NHD
M(QM!Y%-M=/FGF98)%*G[YW<+6FH-YI%II&F*K2*SO)&(_F(W?+DGGI786NFP
M1PPP!+B;R9&6.9PQ*KM&TGY!@`YXYK&%)6T.VIBI)JZ'_#_PT=.EEGE:.4G^
M(,#BNXNL!#FL3P^KB\N`P9BD819MA4.H/?('S'K6I>R8C//:M5'ET.1S<]6.
MDC185D7&<5(DOF15GRW>(`#TJM/=RM;M;63+]ID7*[NR]S56(<BQ;*CZW=7H
M?.$$(!4@KZU9=O,^9NE5;2#[):1P^8TNP?>;J3ZTK.Q^5>]69LLWLR)I[`>F
M,5D^'KDRW-PA^Z.GUK1N5"6!,@S6-HCK_:$PCX#-0!T4MR%XZU%YR9Z<TYK7
M<<EN*3[.B]#DT`(&')/%0RS`'DXI\PV*36!J4[,<(U`%JXUB*&ZAB#`LSJ,#
MZUWM>3Z;I;7.I1NY)`D5N3[UZQ0)A7"^(_\`D/W/_`?_`$$5W5<+XC_Y#]S_
M`,!_]!%;4?B,*OPF7110&0L0KJ2O50P)'UKJ.8*#12T`)5'6;%-0T>>)PVZ-
M3+&5ZAEY_EGBKW:@2+'(NYE#9^521DU,X\T6AJ][G':?X8GO;ZQUB=?)MXL2
M>2S9+MCY21VKIM3M$U73);>\;*R(5Z8P>Q%:$Y1;@-$I$4PW+'CA3Z5$T:8^
M]L#<,"/NM_\`7K\:S'$8CZVXU=X.R^1])3FITTSRZ.&66(V$KGS87*M&>!GU
M%5[BUEL95W@``]>:]&O?#=O<WMK>.BPWDC;E([H.I8=_:M3Q#8:(VFRQWGR%
M4R..:^^R_$/&8=5+6)=50E8X;0;I)X]B1(7Z!W4'9[Y[4NKZ9)$BL7'/.=W%
M9MI>II\CPQY97&5('OTJWJFM6,-O:_;)/+9CS$HW,Q_N@#DUE*$XU--C7$TX
M5*7,9_EL&RFX8&35J*Y-JR31!UD0Y5B.]:D=Y:QW\=_#$?LK1[<,.0WN.U/G
MO9+^!T2!)%'+.J\"FZVJT/,6&Y4[RU[$T5S;ZG&\MH"KH!YL6W&#ZCU&:4#`
MJII<5E9-+<2W(BEVE$1L@8/4GU^E7H5BN`3:W,,^T9(C;D?A7J4IIHYG>^HP
MT9I[+D5'CG`'XUJ`N[VII(/:II+.6&U6>0!59MH!/S?E4%`A&_2DIU(:8#2*
M3&:=2"F`8XK=\%_\?.H?[R_RK#-;O@O_`(^+_P#WE_E6M+:1F_BB=71112-F
M%%%%`!1110`4444`%<QXLT%[\+?PD%K9"71C]]1SP/:NGJ.:)9H6C;<%92IV
M]<'K2DKQ:8K)GC=S?V$\B"U.7(YQVJQ96\);?*><]Z9KWA.Y\-W(N3MDM)7(
M1U.2GHK>]0P7**FZ0`D=`:\N=-P5A2:<E=&X'MMX`?`'K6@LL5O%O9UVGWKG
M+>*>]8-Y)6,^E2ZI;0V-FTTDV"O\!:N-PZ'=3DNB.CM=5F:91:R[5';UJ36+
MVX*%V^6/;7$Z9JUZT0FMK"22(?Q"NCEN5U#2'N2'61!M,9&,'Z5C.ERR3._"
MUUJC&@O[A=4C=3E0:OZMJ4DD^X'Y,=JS!:/IUF;R[RI;)537/-XK\FZW0VC3
MG/`/2NNE"$Y<R.QUN6)M7FD7:K!?K$</G@BM?P?K\6E7[V^JP*UNYSEUR0:M
M:#\24U-+;3[[2@TO"@D<&NYFL]#MH?M%Q:Q`CDC;DYKTE&^J/,G5M=21+-<V
M^J6W[@[82.W`-9MYI=OY("H"`/SJKJNNZ;-;AX94C1>%3.W%9^C>(3>WXM+:
M3*]?FYXJFU:S.9)WNC@_%>C1S:TD4VX0')*CBJ%CX;TF>["W$C1P@X`#&O6?
M%N@V-WI[7$W[N1%SN7K7EGEK',50G@]3423.JE)231:UO1-(^P)9Z7`CMG+/
MMQD4NDP0:;;K!'!Y(`Y`'4UH6\<3Q+P#CTKH](M+>>XC$Z*4R.HK.45)69I!
MNF[FM\/M"+&76;U&0,-L.[J1ZUZ#'<#R``S#\:K+;EX(XH<1Q*H``Z8J5(TV
M>7D''<5O!<JL<=2;G)ME::YEMW.'RK=,\XK%U357A@9G[#M6O=1_*4/3UK"O
MM-^T1%78D&KW,7H8D.MW=],$B!"#J6'`KIM)AN$MO,NLF5SG!_A'I5>*QBM8
MK2UM[=2;B4+)D$C;U-=6UM&BA4X4#`XII$,S&8XYZT^"/HQZ5++$"X%0WLH@
MMR%/TJ@*.K7>Y&A0Y)XQ2Z98QV$2R2#YW-/TRS2>3[1-SSQFI-:DV*FP<*:`
M-/R]RY4XXJLX8$^M*LC20(4&<@9Q2".3JYQ0!7EW,IZBL*Z0^8171N!L.2*Q
M[V(ABV*`&:0I%P&]&'\Z]"K@-'4B?GH6&/SKOZ!!7"^(_P#D/W/_``'_`-!%
M=U7"^(_^0_<_\!_]!%;4?B,*OPF1,_EPL_H.,=:2:U2WM]PB@2XM&6)VB;+S
MJR_,S?1Z66)98]K@D=>#@U&]K`Z!60X48R&()'<$]ZWG%MJQE"22U(KB006+
M-!).;B&%)&>8J4?>=O0#C!.:CNIG2]^R:>TYG7[RSR`>:!RQ!VX7C/K4ZV5N
MN!L8@#;@N2",YP?45(8$;&XR-MX3=(Q*?[I[?A4<DNY3E%]"I+=1P+92S3O#
M;W08LF_=M*@\;MO0G&3CBG6HC:2[;5+:4O'+$L2K(I:+=GH^.1WZ>E3_`&2/
M<K;I2R?=8S,2OT.>*/LD1;<P9B3DDN3D^I]:.27<%./8MVI?[%-#(Q>2-BR,
M1S@$\?EBA&`DVRD[)!D=PI]:B@46RJ(L_)R,G)_.L&_N[K3_`!;)-/%++87<
M.VW6'+>65Y.1[G]*^)XBR>I6J_6J*Z:^IW8.LM8/Y'3"8'66DDWNDL)C@&!R
M5.2H]^]5[Y!J<=Q%@.'VQ8;C![_D:XVR\57<6H32W-H90K<.C?+;#HP`Z$^]
M==I7B+1[B]AL;21IY74N'V<9ZD9]:]7+(2I86-*HU==C>I3E&5[''^(-)_LK
M4K*W**$RSAU/4=,54G\/0)K<=V(FV.%8R[R'1AS\I[9[XK;^(277VBWG,0(1
MC\ZG@`]C4>FWJS6\<5V`P`_+Z4L4Y0E=;'="+K4K=1+W3('BDN(6*@J=PSZU
M#I=V+:Q:%B-K5M.ML\3PQ?>(XS7,*1#=26F%>=`&*@\@$]37'3:G%Q,*ZG":
MFUJ%XH8$*.*KV,S65]%,AP48'.,U999)3M(`/I5>6/9G/6NN$K:'EU%=W-V;
M4--,C[;HA"<J#$>!^=07&M6MM`?L+?:+AONLZ$+'[^YK!8E^`*:(SM)8XQ73
M[5F4FSHM/9FT1'=B\DTSL[,<DD=*>.G-&F\:%;'MODYQ[BI3$3SM;![X-=,'
M[JN..Q"303FI6C!&!BHPA!P:M,8VBG%<"FTP`UN>"_\`CXO_`/>7^58>,UN>
M"_\`CXU#_>7^5;TEI(SE\4?4ZRBBBI-F%%%%`!1110`4444`%%%%`&=KFFIJ
MNDRVLB&0GYD&[`W=C7D5U;SZ;J+V>H1>3)$?F!YR/4>HKV[M7%_$.QCN+:WG
M*.9581JXQM`[@GK6-6*:NR)1NKG*IJ[>6%B<1HO4GCBL:2(Z_K`@B,DD2G+-
MVJ:30C.-KSNBCJJFMO3/LFAVR[`5]3U)KS&H1UCJS:$W)*+T-VQMGLX8K=8@
M>@55')K/N]0\W4G@`\M8FVLK#G=[U6C\1@WLUU'<8>)`MO`KA7=R<%AD=AS6
M\;*QO?$K7<;(PN8UFFC!W&.3'SY^O6L'!*#G)ZG<IZJ$-2@-+OM;98H(#(IX
MY'%4)=!M+2UE80C,+;9)"!@'TK?O/%%K9:J;5+N&T6.-MKL<$-@XQ[YK$\1:
MC8:GHD,K974WN(?.V?=E"AOG^OK2I4U**DW8[5)PERVN9%B+2WUJ*X1U4Q-D
M#'+'T%=1=ZU('=[RRF6*)-\NX@%5]2,YKA+3Q/9>&O%VG7>HH)K>*<&38,L!
MZX]JS-0TQ[N^U>ZT_6[2]2[>21)TD)ED#'(C*]CV_"O7IVC'4Y:RYJG*6/$&
MLVFM7832I'1-V#&>I'K77>`TATLB:\MYC%-E(G5?O$=0*Y/P_P"$/(*>:1)<
MN1ER?E7ZUZC#YR>'KE8=D"6,JMI\LS`K*P&&``&1N'<TE[ST":=."3ZF[J<$
M5_I6\;E1A@`]OK7F&N:!/ISR3>41&!N)R.`>AQZ5Z1#J%YJ&D)]IM1"3@E1T
MKG/&LFE76F7"W7DRZF@2*TDMR1+(H(^60=,#FM&KHYXR]G,YG1]TKJG4G`P.
M]=G::7=13B(0-YP&XQ\;@/6N1\/PA9E^T.%&>IKT&VUG37\37T\,]EY'V8(T
MX+%F.S&/3K6:5V=%6;AL.N-:GDA2WLI29,8.#G!%:VAQWD%NSWLF]2.*S-&.
MF:?HT)VQ9VX=SW/M7-:YXTU34)FTSPI;F80'][(!\H^AK:QQ\QWMQJ$/F;1(
M,^E-1@PR#GZ5YA:6WB@2>=>1MUSP:ZVQU*YAMU66-WD8A0@ZDT6);.C:[2"]
MM-[R*6<J%7&&..]:;3L<CFL6UMW>Y6YNXE#QC]T`<E<]<UI_:$`^;^54B1?-
MP<UF7TC3R+&#D9JU-=1<<TV%!+*&09P>M,"[:QF&!%.!@55U5%:!L_G5THPP
M<\56U%2]DV/2@"'2;D-9]?N]:FDF>1\*:JZ!&&MWR.]:KA8_N@9H`I^40/G/
M%9^I2(`H4\U:NIRJGGK6'J$Y50<]Z`+5A)BYCY_B'3ZUZ%7FVD[I9T;!QN'\
MZ])H$PKA?$?_`"'[G_@/_H(KNJX7Q'_R'[G_`(#_`.@BMJ/Q&%7X3+I:2BNH
MY@HHHH`*.V:?&H:55/0D"N:C\13-X(?674"99"A$>#C]]Y?0^U)M+<I)LZ+%
M4M7LIKZQ1;0XGADWH-V,CN`?6L"]\>+:ZG]D31+N57DE2*19XU#F,9<X/(`%
M78_&%E+K5CI\,,K"\176<$%8V90X1NX."#651PJ1Y'U-(QE%W1BW;D1QS1LM
MK;VS[)Q(A(W9YW#ZUWUB4EM+>YL[:)%V@C;%LWCUYYYKD]8NK>[URYTJ-6BE
MD0.79/DW>N.^>M2>&=6-M?+9:C=CRD.P#))E8\#KT^@KQ*+4)NG?9Z'OUJ51
M4XRFM6K_`"&>-;FYO(_)@M<0-\S2.O/'85S,$MZUD]W;KF"VPKG/0GIQ7H'B
MB\>YT&XCTJ/?<*X210GS1CUKS]X1:Z$/*=M\LQ2X#-P/0@>M:5()OWA49M1T
M-JTNI+^P=+>Y%O<LN%F"@E??!JCX4\+WD6I-J-U.=N]U*L,R2`X^9V/7ID#W
MIMCIEU;WB&)PV,$JIYQ6_JVJFT@$"%]ZKSM'K7EN3C>%/J=DZ<:DE*?0??:<
M9W!LAEQU%9,UNRLR2*01UJUHFL&:8P2DH)%.&/<^U6Y&M+B,0I/NE+8W?XU$
M7.F^61A5PL9WE`Y]UC1?E?'UJ!RP&."/I5RYL)HI74HV0?2JKAE&UQ],UU1:
M=M3Q*D9*]T26FK7MC'Y-O*#$,_NW4,O/?!I'U?47E+B\E4^B-M`_`53;KSQ0
M.1VKH3=CENSJ;6Y&H6(N>/-3"3`>O8_C3LX]!6%I-\+&\'F\P2_)(/Y'\*WY
M8S'(5)SCH?4>M=4)71M%W1&SYX`%-IQ&>U-((K1.XPXK:\&_\?6H?[R_RK%V
MD<UM>##FZU#_`'E_E6]+:1$OBCZG5T444C5A1110`4444`%%%%`!1110`5Q'
MQ#2;[+:,UPJPQOS&,[B3WKMSTKFO&I!\/7D2Q.[R1J-RID(,]2:F:O%HF6QY
MLVLQY\JW5F9>]2P?O)=]T[-W`7I56"TA@4,O)]35Y)&V@*FW'\1KRY14=(@I
MMLLPSV\$F^.W"D#[Q')K0M]4U35"8UD2"U3CY>"167+<0K&"[?-G&,4DMX_E
MK%;*1D\XXKGE&YUTZCB]]#L-,T_22WVB2-9)E_C?DFN(\26"7^O2M:W#PJ.J
MJ>#6Q%.R6Y5CMX]:S;&]M8-1DDN(VF3H%`SFL(PE"5ST8UHN*5CG/#G@H:UK
M$]Q>LZVD#$,6ZL:ZV]CM["#R-/B2*-!C@?SK9T:X%TDD45B;>$DD`C&:RM<\
M-,^9(;K[..ZCFG[5RJKG9UTHKE?*M2GX>\<Z9X;FG.J6SW$G\&SI7H6A^,[;
MQ!;F:")DB3^\N,5Y$FC:9;7(6Z#R[CS)UQ70MXHTG1+5;.R#[2,,^VO8A):6
M//KTKMW/0X?$$%Q<&#8SN3PJC-5]>L+9K1IYDXQV'2N6\,ZAJ.H&1]%ML@GY
MKA^-H]LUVT\(FTPVIG^T2`?._O6J=SEE'E2[GFXMXY93Y)*CL*Z31=)NY`!:
M$&3L34<^A-%)O08Q[5W'A.V2*P\UD`8G&2*SMK8Z7-.%SDKKX;:CJLQDUC6&
M2(]88`1^M='HWAFR\.68M[),QD?,SCDUL:K>B(A=VT>M<Y>^)8(8)-TN`G<]
MZV1Q/0N75Q$LJJF.#S1>`+MN+?)9!DQC'SUQEAKOVV9G=B$SQ73Z==PS.JEB
M2>E*]@Y6]C5TV[CO+598P0#D$'J#Z4]XFE8J#BHK/9%=S6J[0_\`K%14VX4^
M_<U=0%7Y%:$6*\6G1F3YVW8K0VI`@"``>U1`YD]!2R9)XH`?(^5!'`J*YS):
M,.@Q4@7*CTIDTL<<#*2*`,[0I2AEB]#G-:4LC,W'ZUBZ?(BWLNUABM9D;!89
MYH`R]5=@1M[UGS0>=".M:=X`3AA56-0>#TH`M:0B)%$H'(89_.NYKC;*)5D4
M`C[P_G794"85POB/_D/W/_`?_017=5POB/\`Y#]S_P`!_P#016U'XC"K\)ET
M445U',%%%%`"@D'(X(Y%9<7AS0X)9I(=)M(WG_UK"/[_`#NY_$`UIT8HLGN4
MG8J/I>GO*DC6-NSH78,8QD%QAC^/>FKHNEK>1W:Z=;+<1*$CF$?S*`,``^PX
MJ[BBE9#<F1S6\=S!)$X53(I`?'*MV:N(U6T:VN/M4B>5=VO+,4X)[$>H[YKN
MZR==LA,L=^`SFV0K(A/5,YS^'\J\_&X?FC[2&Z.O#8ETYVD]"+P5+)>?VA)>
MRB6XN=LD@`Y((QCV%8VO^'9K!?.AC>1))&)1OG9!_"W\Z@M]6N-#U))'4-:N
M=Q<9S+Z"NZN([76=*A2:X>..<9+!L$GT-<M.TX6N>G4O"I=;'!6MXGVI+E1.
M\JQ8QNR&/H%_"KTMPFJ*CHQCN+=E)C'&Y<\BL[5]%ET#6$BBG$L;#*2`XVCT
M)JKIOGG5?O+M#E&!."0>3S^1KCG1Y'S=4=RGS*T>IN?$2TU6/[/>::DL-K!@
MLX3Y8,]6`'6N?L+NWM=BVL;"U!+/-*QWRO\`WA^/-=C?>)A#HO\`9.L^<KDA
M!<(N[S(_4]JP+/[)I,HGNC:7\'EDM$LH+A<\8]_:NB<8U4FMF<].4J5^;H/A
MUJ:?5XEB(\INK,,YJYJ%L)KDK'&<]3@<&L:_O;;[:-0TT,D88?NY5Z>AXK8C
MU:XCTXW<]L?EQF3J.3WKBJ4I0E>"T*J*-:.K,6XM6B8@@CU![5"!CC!Q6Y?3
MVUW-&L;8DDQ\I'4=SFF7NGI!$Q\PYQ]T]:J-79/=GDU,+*,GV1C;7<A44L6.
M`!WKK4BD@LK6*Y</.L>'P<[>>`?>L6QC$=W!M`SYB\_C6[<J1/+CNY_G791U
MN<RARC.!3&ZTT@YY.*9DD]:Z+#)"#BMCP9_Q]:C_`+R_RK%)K:\&?\?6H_[R
M_P`JZ*.TB)?'$ZNBBB@U84444`%%%%`!1110`4444`%(RAEPRAAZ$<&EHH`\
ME\5VD-CXMF$$!AA=1(JXPI/?'XUGS7Y$8'D?0YKN_'UC8R:0]VP1+V-E\MB?
MF89Y6N$L[5F4/<2*J>AZFN#$02=R%I+0@1/,;>P)8U:C24N-@.?I4JRL9"+9
M>%Z$]ZT+.QGG4L[C.<FN1SLM2U3;91-EJ%S'M53M/4^E;.@[=,*P26R2LQR&
M89Q3S?PZ;$4W*TG]VK>CS_:EWW&U<G.3VKEJ3;3['H4H6:=]2QJLDD=Y&]MM
M52/F`K'N+2\E#RQWH<<X5Q5GQ!>1Q1LFF@S3'HJ\UFLE^MB&EC<'.<5STTSV
MXN+.5U&'5DE8JOS9XXJ/2M!NKJY=[]U9QR`>,"KFMW5P(U.&0@\FL2>YNS"\
ML<I3T.>M>U3E=*[..HDG<[C2=<DM7CT31IB6)^=@,`>I-=];:GIEK$EL+E7F
M`^=O4]Z^>+*YOY'=H799?4'!-:UG?ZA&P\]G!7JQ/&*WYK:''.'/:1[<^HVD
MURL,<BN3Z&MM+^/3=*=R,!>:\W\)^)-)2>&&=,2,V#(>@KN]3:WFMY8\JR8S
M[&KB[LYZB<58\\\1>--1U6],&FV<BHIY<GK52'1KN["76O7)"*"4A7C/UK=<
M01LS1Q@*.G%<_J-Y))(02P&>!FARML$*=W=ER`Q"41VZ@#/&*]*\,>'!;0)=
M7S$R$95"/N^]>8^'U\R_C\PX4,#SWKU;^U)HF"@Y7%2ES.[-:GN1LB]J$,$%
MW!?[,&+Y'<OM"J>Y]:>VUFRK!@1D$=ZHS7BW=N\<OS*XPRFH=&#10-;,SOY)
MP'8<8[`5LCD:-+`S01GB@#.:7OBJ$-N)UM;?)/05S#7%SJ%RRQ[EC]:UM9#M
M`V/I65-FRTS*GYCUH`U-.TRUM_WCR%G],UIHWF`J.E<+:ZG.+@;RVWN?2NUT
MV5'M/-!R,=:`,S4B(FZUFK.2WRTNMW8,Q"FG:-;F=S(Z_*.GUH`U].A92CR'
MDD8_.NSKEE.)4'^T/YUU-`F%<+XC_P"0_<_\!_\`017=5POB/_D/W/\`P'_T
M$5M1^(PJ_"9=%%%=1S!1110`4444`%%%%``:I:XYA\.7TD*EY2HCVCT8X)JZ
M:<C;<@@,I&&4]"*B:<HM(<;7NS@BAN[`Q2#]\J``CDX'9:AA\0W<&G2::8D:
M.-ADD8VC_&M'6+9](U2)HE(C<YB=NA!JLD$=_:3.L:"16+G<<`FOFKSHRM8^
M@P]6-1*$GJ4S!%?VDDH86\:*69G?+,1_#S4"Z9=0K:SSLT45T0$=<'FBSFM$
MAD^W1O+&)/WH]`>X%=Q9:3I\NBQ&>1GLA_J@YP8S[&NQ+G-9R]GL<E=6ZWTZ
M6FFI<3S6W$]Q(WRL,\[1Z>OTI7TBSDO+A[*=OLEM&,RQKQ)+W`![5V%MX619
M99;680."##L?)`]?Q[BKMYHL?]F30P1!I)EQ\GR@MC&[V-4H:&+JN^C/-K:U
MF9V:XCV"52\<F0HSW!'I7>>';/3[S1/(B0.)S^]5WW8/H/2LNP\.PV-B\^J.
MYA3"HI^\6'7`]*L>'7A@,MVJ("J88#J<=\4UH]1S?,M"MJ/@V^&H3K9.)%$1
M2(#C;R#C/:J$-Q-:W1L=615P/]8O(X'0FNE7Q(RMN9<0S=&'4>HJ];0:1J4<
MT:%';^+<>>:SJ485`524?C5T<OI=U9G5[8F*(PLQ"%<DD^ISZ5NSV(B9@[YY
MY8_SK/M_"[^'+A]2>Y$UO&Q5(MO))_I6U;D2*TDQ$A8;A_A6<(2I:,BM[.HT
MX(P[JW,0X(8'G(-52IQP*V;R,H/,6(B,CD5F2`)&N`?F[UU1E<\^4;,@%;?@
MS_CZU'_>7^58@Y/'YUM^#/\`CZU'_>7^5=5+:1C+XHG5T444C5A1110`4444
M`%%%%`!1110`4444`<AX\T22\T;[7#.W^BMYC1$\$'@D>]>;11L6#%S[9->[
MLH=2K`$'L1FO,?&/AZ/0KF.ZM&W6URQ&UCRK]3^%8U(Z7,Y)[HQ88S"A>63:
MOUI3<7LX"6LQCC/5@>:J@AWQ*?E';-7+>&6]<K;#8H[]J\V<;?$5&;5K;EJ!
M8+8!93YLG4L><UOZ8BWQ$0!B![UB6^E&)_WSEVSR16U9Z5<&5?*E*@^]<M5Q
MMN>A1YN;5'0P6%O90DA%)Q]XCDUQ_B?65C*H)-F>R]ZZ74I39V8A,A8@<D]:
MX2]MHYIVN)LR;>@/:N?#I.?-(]WE<8:&9J]_%)IJY7<^W-4M&$=]$\$XR>H]
MJQI]4=M1G@`#$$X]JV/#UG<*PN9`1O;@>U>G47)&QQ>TYI7'Z3H!DUV1XR3"
MHR1_2K^L6<MP5ALH-B],FNQNA#IT"Q6T`5G`9FQU-<[J%]]E&6(&3ZUSTIRJ
M2N=#BHPU,)=#FC*J)CYAZ!3WKM-`.HQVX@O[EY%_VCT]J3P[;:=/)Y[SAW(R
M$ZXK<O9+>!"8<?2O22:1PU.5NQ5U`QQ6[*H`-<=>RXD.*L:QK.7*C/TS7/S7
M1E?K3W)BM3H=(N@MP@)/)KU.Q9+FQC8<OCFO$K%VCN$?<?O`FO3_``YJ@$0C
M)X8TT[,FM!N)T3'8#Q5..XN+;4'E@?<CC#1L>_;%6UCDN#\BG![UH6FB+NW3
M$-["MD['%RC=.O\`[8K1N`LT8'F*.@S[U8>;RW]:C6TCM=5F9(W`DB!+?PY'
M:DE&WYF/2K(*5_<M*WEJ.34W]FF>W19A[U9LX$F?S&0$YX)J[.ZQIR.E`$=K
MIMK:PG,2?4BJU[/':V;B-0H]!2FX>9?0"L#7+F1HS&AZB@##>1K[4`!GYCBN
MTT^V6"U5$!R!7->'K)VF:0J.!U-=?$?+B&>N*`%2/]ZF>NX?SKIJY#[5FX4#
MNX'ZUU]`F%<+XC_Y#]S_`,!_]!%=U7"^(_\`D/W/_`?_`$$5M1^(PJ_"9=%%
M%=1S!1110`4444`%%%%`!1BBB@!LL4-S"8+J,2Q-U4CI[CT-<Y>64&A:A&Q8
MB"4#8YX'XUTIZ4C;'3RIPCJP_P!6X!S]!7'BL+&O'LS>E6=-WW//=4L()YWF
MMI#\Q.T+]UL?Q'VYJ*SU6ZMH_L=Q)]HBGP&B`X_`^M=A=>&;:6,BP_T?>1N1
MC\N/0'M7-WWAAX=0*<*S'G)X`[`>M>2X3PSM/8]VE6AB8V6YMZ3XL=+".PLK
M$R7Q+)$'<#(!Y+$]`!BNG@GDM4M(+YP\TY/^K'R@]3@]Q7FT>A-%<,YE&Y4#
MQJ_`)STIU[JVN:J'DNY'@@B92`F/DQW7%7'$1:W)GA];(].O;<75KL\O]V#E
MCG&/6LZUT:S?]]9,\&5*E#W!_I7,Z1JVDO#;6C:A?[@P5HBW$K$_GBNOM/(6
M18[:2+`8CASGZ8-="LW<YWS0T.<U[2H=,57MPVUCC!/RD]ZQC?M!)#A=ACY5
MAWY[UU=_9W&I0S6ZSAFC?.QL`,:X^[AEAO)0Y4JO#!.<"HEO='13]Y69WMMK
M45]X9D:6.(NIZ/\`=8^Q]:RM,D(3?(QQNP!CIZ"L[1;A'TF(K&-D3,CIGUZ'
MZG^E:=O8/-:9L@S2QL6"$]1].YJVFXF&D9-$MS)Y@96)&T_=/\50/:+-$&CR
M3G[IJ9)XWE:&8!)H^NX<CZ4\,(9C+'A54#MUSU-9W:T,I1ON5DTQV4_(01V]
M:L^$4,=_J:D8(<?RI6:?(V<+GG)Q2^%6+ZGJC$8)=>/PKJP\F^;T.:M&*E"Q
MTU%%%6#"BBB@`HHHH`****`"BBB@`HHHH`*P_%&@OKNE&"`QK.K!T,@[^@],
MUN4AZ4-75A6OH>(7=C/9ZE):W\1BFB.&0UMV4XCMBJA4"C/%;/CK1;C<FJV\
M(>,#;,5&6'N?:N*>[W6Y1#DMQ@=Z\ZO3>Q,'R3NS:LY+RX+L"`K'C/I6Y8&:
MW"^9*7).0!7,V$=R$0.>E;UF)K<^<`)''.,UYM16T/0I3YI7)-7FE:7$J89N
MBYKF-=AN+31IKK[A4'`K>FNWGNS-<18;V[59U+1VU/P\XN'6&&8A0\G&/?'I
M44HSYERH]1UTE[QYIX8\,*^FR:MJ(8EAN4>M=]X;MEOHH92H"J/F&.E-MO#L
MDVA>18ZE%--#G,'0LH[@UT^F6,>EZ=&LZ?.5Y45IB92CK+=G/1?M&HQ,S5KO
MS+I8X8@1TW8KD=6MK<NS2*9&/3T%=9J^HVYB=/EA`Z&N*U">>12+<&0-T856
M$5M6>A4LHV(HK&XM;B.6U4I&.2P)K?,DIA.XG&.]96B6MWYBR7,K[3_#VKJ)
MK7S;0M&,@=:])L\Z2ZL\]UA\WN`QY--BMOE!/<T:V-NI@9Q\U:-O&?*7O0W9
M%TU?8;'%C:`1G/2N\\,6).QV;^+I7#2$!QG@BN[\+W/R1@CBCH%38])MK>00
MH"`..:L"00CYCTJ@VH".W!W8`7)]JRTU3[:)/+$DFT@953CFNFVAYM[:$UY<
M;O$$$J2838R%2?Z4^YF,K!5Z5D3PWUI=1SW0C>/?@B,9*@]#6]9PHS`GDBK,
MNI=MU\JW7V%5+EFE;@\5;<D?*M5V3&<F@"(X2(CMBL*Z59IP:T=0NQ$`HRVX
MXX[5D6R"_N1Y<O`/S#N*`-G3%2%<=:N7$H(`6H/)CMXA@Y]Z:DBR/@<X[T`,
MBMV>Z0YP-P/ZUW%<Q%$(W3W8?SKIZ!,*X7Q'_P`A^Y_X#_Z"*[JN%\1_\A^Y
M_P"`_P#H(K:C\1A5^$RZ***ZCF"BBB@`HHHH`****`"BBB@`KB/%5EXCNO%%
MMJFC6)>/1E4Q9FV&?=_K`J_Q<#`^M=O1CWI25U8J,K',:BWB<6^LW5C)=!@5
M6RM/+3Y$.TLR\9+`9')K+U>]\26]EI$MV]XR+L+R):+RYDP1-U*?+CI[UW?X
M?I1S64J2>YI&HUJCB2?$DM_)`]A<F6(W8DDD@41.F<P[6[G!Z8JG:7^NCQ+-
M`]K=F&W"12V[6ZI",PAB-^,AMQ.!TKT+J22.3WI3AHW1ERCC#*3][_Z]83P<
M;>[8V6*E?4\\TNWU0)=7^KV\L<L$J_9/M$8A)RN3G'HW&:WM&\3:=:6S1ZBZ
M+?L2Y=5+(S=OF[>]7[_3[]F46$HD@YRDA&\>P[$5FW>A9`V@13L.588Q[5X\
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M-)/:&?38W\M(YX?OR;N&6E*-Q)BQZ@$<Q3,N5`.?Z5/X7*MJFJ%3D%U(_*L[
M3)8F,B7,2E'&WS2,"/WJ_P"$_*&H:D(&WQAE"MZ\5MAXV4CGKVO#U_0Z>CD\
M#FBN9\:7>IFVM-(T+>EYJ+%6F3K%$/O-]>WXUI%)NS=C.3MJ:UQKNDVDSPW.
MI6\<B+N==^2H]3CI5R"XANH%FMIDFB8</&P(/XBN;\,:=H&C:1+%!:2,\T;-
M/-/!\UT!][&>6QZ5S3QS>%M4_M?PE#</H[2*M_8O&5$8;'S*.W45%.I"I4E!
M75MF^HFY1BF];GIM%("&4,IR",BEIE!1110`4444`%%%%`!1110`V2-)8FCD
M4,C##*>A'I7E'B'2XM%\42JVQ(Y0)8M@PJ@]J]9KC?'^A->V*ZE"I>2U'SY;
M@)[#N:SJQYHLF2ZF%;S6TD822=?,;TK2*?9++<#G)ZBN*M;J%9%))(K8OO$B
MFTCM;&&1V;`.17B5:4HNQVX>K![FK'/\CO*`.,YJRLTVJ:59F4N<;E7*8`7/
M8]ZPE2>X6*V9@CSG:<G[H]377),J6]K;6\8`M4V#G(8]R*Z<+3:;D.K/F5C0
MT?2XK1%D9!O/"[JS]?U%;>-UE8"C5M:N-)AB)C+3RKNC`(^4=\BN.U>"[UB(
M'S&60G[E88OEG-)]#LPDU"+N4O$5U$=-_P!&?=)+VI9X);+1XO[Q0$\5T6D>
M$X+/2TEU']Y(OS=.E8NOZO:^9Y8[<"LJ<[R48[(]"UTY/0YR.YU.9PH9HXAR
M.U>I^#+7[?H#K)RZJ>M>5I<7=]?B.W!2,#EB.OTK;TKQO+X.\Y9,R*0>">]>
MI3DI.QPU4^1M'/\`B9P?%C6\(+;&Y`%;5O$PB4D<XKD]/UT:KXIFN7CRTS;A
MQTKMV950<=:RK-\UBL,KPNS-N0%8'UZUTWANYFF7_1X7D6$9D*CA1]:PK72;
MK6;WR+.-B%!9VQPJ^M=QI306%B-)M&S"'W-+C#2GWK:"YDC*O-1T.DTBWGU1
M%>Z.Q%;(53]X8Z-6XS0VL8CA`4*.@Z5FZ5#-&@,##!ZC-:/V20J?-85U*UCS
M7N9\TID#+Z@CBG^'G26S*H&4PDHP8Y8<]ZN+;P(<G#&H;L1HOFVY\F0'/R\!
MSC^+UIB+;L%<D_G5&ZN,9((YKGTU;4[RZ$$4:LXX8@\5?D62&/-PP5AU)/%`
M%.8O-J8?(V1H1U[FIX[,"7SX2(I<8W8X_*JUFY9'EE`!9SVP<5<:<%,+0!`U
M]<3W<EL5^8?=*]"*T]/#1RE(T\Y@I+88?*>P/UJ.RTLW+>:SO&,$?)QFM>QL
M+:PB*6R8S]YCR6/J30!03^T+R=1=QK9QAU(V/EB0>A]J[2N:8@W"X_O#^==+
M0)A7"^(_^0_<_P#`?_017=5POB/_`)&"Y_X#_P"@BMJ/Q&%7X3+HH_"C\*ZC
MF"BC\**`"BC\*/PH`**/PH_"@`HH_"C\*`"BC\*/PH`**/PH_"@`HH_"C\*`
M`]#5'5K.6=3=69:2X5!&(B<8']X>OTJ]S0,@Y'&*PKT(5H<LS2G4=.7,CCQ=
M6]^39W*A2N0SMUW>]:?A!UTV>[TV[=I(POG(!QD9P:LZMH=C?'[5(KPSH<F2
M$X,GU!X_&EOH(X-,C:UC96VA7D8?.P],]A7D+#2P]1=CU:6(=6FXR.F%C%=;
MW5F:-@"N.!BL.ZT\+*0H)`[BM:#4%ETB-VW$%,Y!Y!'8U@OJ\L,TKP*`9.-S
M\D"NO3<R5UHR.ZL5C16A=LA<L,\BH[&]D2(`2`,I.%;H:B%[()/,S\V#51OO
M]?QI%FEJT"DK)%;$;AN^]BK/@UM]UJ!]2O\`*F7\@NM+@96#,N%+=Q]:D\',
M'N]1*KM&Y>/PK>EM(YZV\?4ZJN+^(HO;.TL=8L)9HUM)2ER(B1^[;N<=@<5V
ME->-)(V21%=&&&5AD$&JA+EE>US.<>=-'E=CK$H>&&_NIGL;R`-YROEXCN8"
M5/<=_455U$ZI+XG/AS1M0FN"\\9FE@D.T1A5)<^QKL+KX8^'9[IIH$NK/?\`
M>2WG*J?7CM6[HOA[2_#UNT.E6PBW_?=CN=_JQY-=DJU)*Z5_D<<<-4O:3T-)
M55%")]U1@4M%%<!W!1110`4444`%%%%`!1110`4R6)9H'BD`*NI5E/<&GT4[
M@>.>)M"G\,ZIFWB:2RE.89'''N#56*;>5D8`-[5Z[KEG)?Z)=6L7EEI(S@.F
M[GMCWKQE/-LYVBN8R)8SM:-AC!]*XZ]._O&>L3K_``T([>"_NV#O+(!%'(1D
M+GK^-6Q/)+(L-N&&3RP'-))';6=I:6UH?O1B2;:V06/MZBK6FD6MW%+MWX/`
M)QS]:J$%&-C>[(60-J\MQ=7)NMH"(67;@#VIR2P37VRV10Y]1UI([!I$N)[^
MZBB9F;;&AW,6S6EI&DVT3M/;YG*@?*Q&[/>O)K4*K;FT=U*K%6B37<$GV(([
M<8^:O(_&<EM;7]O%;J&E>4?SKT75]>7RY2HV&,D,&[5Y1>PR:MK4%Y*PV^8,
M8^M8X:+BVY'J5)1]G9'<7-DME8":&/#%!@8KB;C1;K5)VDEC*QYKTJ[8W5O!
M##$Q``#-CBJ]W`(XMBJ<]@.]%.K*+L7RJI$XC0_#\=C=.R@9`KHFB^4EN@[5
MLVOAR50);Q_L^X@A2N6*GO5F\\/6+;%MM0E+$X<O%@`>M=OLZDWS,P]K2I^X
MF&GR?9?#T4=JQ'V@EIOEQTX`SW%5<E'##(^E:DSQFVMK:$;8[>/8,]SW-4)`
M#G:<XKT8*R2/+G+FDV=1H6I[`@+<GJ*W[J](3Y2.:\SANY;=]PS@&M(>)7*J
MK'&/6K1A*)VL1;RVD?CTK.NKAF5AQ6=;^)(VB*2L.1U%5KC6HTSM&?K5$V-/
M3XF_>R6C+%<$<.PR/IBH;B]N[J\2"]BCB"@EP#GS*KV&KAB``%)[YJ]<VDS)
M%<PYD^<!PO4@T!8BE#/PG6M;3M)BP&E8L<=/2K-GI0`\R3MT%3*ZQRA/6@"X
M0(HMJXP*@5\YR:=)G;S4`.`:`'*,S)_O#^==/7+*P\Q/]X?SKJ:!,*\_\2:7
MX@N_$UR^GS:<ELVP)YX?</D&<X&.N:]`K-O`!<L1C)Q_*CGE#6)+@IZ,\_.@
M>*@#FZTC`[XD_P`*8-$\4$\76D?7$G^%=Q(BA1QD-^=5I(7!S$VT`_<]:/K5
M3J3[&!R@\/\`BHC_`(^M('X2?X4-X?\`%*#)NM(_*3_"NO@E5H.?E;/(]#2D
MY;`Y/6D\34OI8/8Q.-_L'Q5NV_:M(Y]I/\*</#_BDDC[7I`QQTD_PKL8TQG=
MRQ[^E/V[5.![T2Q52WNV#V$3C/\`A'?%9!Q=Z1Q[2?X4G_"/^*L_\?6D8^DG
M^%=J/NXYYZFE8H@R<X[5F\;46]AK#P.)_P"$?\4X/^EZ1GZ2?X4X>&_%A'_'
MUH_3TD_PKL`V_M]XXS3HFR2'X[#G@UI'%U&KO\A.A"YQO_"-^+`,_:](/MB3
M_"A?#?BLG'VO2!]1)_A7:Y8`CJ0>:D2,-_&03U(--8FI_2#V,3AQX;\5DX%W
MH_'M)_A2'PWXJ4\WFC_E)_A7=[0HP!PHJ-U7&XJ2<]ZMXBH+V$#B1X:\5GD7
M>D8^DG^%'_"->*R,_:]'_*3_``KM]W'O[4Y<#D=?>FL1,/80.(_X1CQ7U^UZ
M/CZ2?X4T^&O%8ZW>D#\)/\*[@$@G(Y/:ACC=CMR:/K$P]C$X:3POXK>-E-UH
MY7Z2?X5!/X>\4-"(3=Z0%QCI)_A7H&[YL#YO>JTD!+%E.?K4SJ.?Q)%1AR/W
M6<38^'_%=C%M%[I,D9[%9./TIM]X3\2WLJR->:/$W;:LF/Y5V^2J88'&.".U
M`0;&^8DD9YI<_DBN7S.`'@+Q,27.H:2">P63_"AO`?B;=\VH:7D]PLG^%>B1
MEEV@8`/)%28#/GFES^2"S[LX*U\'^);6,I]JTB3<>2XDY'ITXIOABWFM-5U6
M"Y\KS4D`;R<[.G;/-=_E-NWG)KC-.7;XJUP>DJ_RK:$KQD8S^*.ILU4GU2RM
MKZ*SFG"3RCY5(_+)[9[5;KEO$JV&GWZZAJVJ)8VEPT:R(Z;BYCR5"GMUYJ$F
MW9&CLM6=317-?\+%\)DDG6X.3Z&C_A8GA+_H-P?D:U]C4[/[B.>'<Z6BN:_X
M6)X2_P"@W!^1K=MKZ"\M8[FU6>6&50R2)`Q#`]QQ4.G./Q(:E%[,L45'YO\`
MTQN?_`=_\*/._P"F-S_X#O\`X5-AW1)16=J>OZ;HL"SZO.UG$[;%>:)E!/IT
MK+_X6)X2_P"@W!^1JXTYR5TA.4>K.EHS7-?\+$\)?]!N#\C1_P`+$\)?]!N#
M\C3=&HOLO[A<\.YTM%4['5;34[-+O3VEN+>3[DL<+%6_2K'F_P#3&Y_\!W_P
MK.S*NBO>:K96$ACN[A8WV>9L_B*YQP/KQ4'_``D6DEHU%ZF9(_,'7`&">?0X
M!X]JK:SHQU6ZBN8VN(9844)FT9AD.'&>.G&*R3X/!5K=KV:-+I?WA-J4)DVL
M,JQZ##$X]J+,+HZAM2L0JEKV!-RAQF0#([&N9U_PO_:7BJTU*,JD+#]^5&2,
M#(<YX]*KR?#2VEBLHYKOS?LB)&K.G+*J.O//J^?^`BNM2P7^RX[&5BZI"L1;
MNV!C/Z5+2:'9'"O<H+B66;YW9C]T<'WI/,>=@S$J@Z"GZE:G3KQX,[@O0XI+
M8E_O+6;&F31LJ<A"?>G27$@`\A'W>W6I05C7)``J>RNK<3!WW`*>"HYSVJ;E
MHQ?$'A74=5O%MT>*V0PKYCIUSWS[U5L?!MG;7=M$)I9F4C<S<#BNDO=9;3KR
M1+R-O./S$YX(/0UC0ZG)-?/)$K%2?E7%>'5J5'*5M#U:$*5ES/4T]:F$(6&T
MPJ+P<4NADR7#OL+RQ)O0X!`]S5>:TG(#W`VEN<5;T(-;WQF7&U$.[)P"/2L\
M-?VD4]ST*[2HNVA;DD:1VDD<NY[FJEQ/L0]JED<NWRKUJ"XB!7YSC/:O?O=G
M@D2^(-(M;)DND+W.?TJK)J^F7!S;`KGCI5"XTNVFG+%N14T.GPQ#Y`/RK0A;
MDVZ,KN+'!]:JJL<F2!D`]:;>L$3&?PI\";;<>I%`Q&:)%!'%5C</(^U1N%+*
MC/(%`ZUIVFGI`F6&Y^YH%8K1RO#@C@UUFD:RL^FB*XC60+*@8$XP">HK!DBC
MZ;14<%R=.NA(@4J<9!&:$P:T/6+BY14*H1P.U83W&Z_CX_B]:SM/UG^T"P)(
M;&1[BK-LK27R''1JHS.@?D52DF53C-6II%C0EC6+<SJ92P8"@"\9U$D9SU8?
MSKL:\HDU.4WT*1LI7S5'_CPKU>@3"L:^R-1=^@7'7Z"MFJ%W8R3S,Z,H![$^
MWTK.HFUH",\2``\D]\U&7<MD#@>W(K072Y`F"R9]<G_"D73;A6^_&!VP3G^5
M8\LNQ=T59XBR`H`&QU]:;$5*Y[YP<U<?3[IP5:2/'U/^%']ES9SNC)Z<D]/R
MJK2["*V5,F",`],4N6+?*1@'H:M?V;)GED('3D_X4IT^4MG<GXD_X5GR2>Z"
MZ*;.VX%@#CTJ)@QYP>O0U?\`[-F_OI],G_"C^S).NY<_4_X4O9-O4KF122,[
ML$].M6$1'7YA^%65T]@225R?<T?8IE3"LF<]R:V4"+D(0!3M&`#VIF%(^88S
MT([5;-I*4P&3/?DTJV<@`!*G%*49;(=RL,@#/)-*Q5!EN<58%HX).5R>]-:Q
MD)!RGOR:N*DUJ25V.5SZ4+RN6X(JQ]BDQ]Y<_4TOV*0$$%<X[FJL!7W;CMZ<
MTG#,>,G&*L?8I2P+,E*+.0="@_&BPROM&.N,4`#M@^E6!:2@?>7\Z/L4@^Z4
M%/4"C+&6'RG'MFFA&7(SN!&*T?LC^J4@LG"_*5S]:5A%$;1PR]NQZTX<$`CK
M^E6VL7*\%`?6F_8)CC+)^9_PH:NAE.1&\R-E."#R/45R6G_\C7KG_75?Y5W/
MV"7/+(<=,D_X5A6OA6^AUO4;QY;<QW3AD`9LC`[\5=%VYDS*:NXV(ZRO$'AK
M2_$]K%;ZS"TT43;U"MMP:Z?^PKG_`)Z1?F?\*7^PKG^_%^9_PK12<=8E-7T9
MYQ_PJ3P?_P!`^3_OZ:/^%2>#_P#H'R?]_37H_P#85S_?B_,_X4G]A7/]^+\S
M_A6GUBJOM/[S/V-/L><GX2>#B,'3Y/\`OZ:ZVQMGTVP@LK&\NH;:W01QQB3A
M5'`'2MG^PKK_`)Z1?F?\*/["N?[\7YG_``J)59S^)W&J<8[(SO-NO^@A>?\`
M?P?X4>;=?]!"\_[^#_"M'^PKG^_%^9_PH_L*Y_OQ?F?\*CF*Y4<QX@\.V/BF
MTCM=?>YO(8G\Q$>3@-C&>GO6!_PJ7P?_`-`^3_OZ:]&_L*Y_OQ?F?\*/["N?
M[\7YG_"M%6G%6B[$NG%ZM'G/_"I?!_\`T#I/^_IH_P"%2>#\?\@^3_OZ:]&_
ML*Y_YZ1?F?\`"C^PKG_GI%^9_P`*?UBJOM,7L:?8P=)TU-#TR+3]+N;JWM80
M1'$LG"Y.?2KOFW7_`$$;S_OX/\*T?["N?^>D7YG_``H_L*Z_YZ1?F?\`"L^9
MME\J1G>;=_\`00O/^_@_PIC"64J9[JXF"'(5WR,_E6I_85UG[\/YG_"C^PKK
MG]Y%[<G_``HY@22,VBM+^PKG^_%^9_PH_L*Z_P">D7YG_"D!SNJZ7#J%N0X"
MNHRK@5Q0?[.[#J0<5ZN=!N3P7BQ]3_A7-ZC\.KN6;?I\UN@/WA+(WZ86ID@L
M<9YC7#9;(4=A4JG>NQ%VKZUTR?#K64Z7-C_WV_\`\34Z>`=8!_>7%CCV=_\`
MXFHL4C&-UIXG@N+I%N)TB$>''RKCH<=ZT;.\LYI#*EO&TG7<%QBK3?#N[+[A
M+;9_WV_^)JQ%X(U&-0GG6JK_`!;7;)_\=K-POT+4K&/>WXN)MLL:.,8''W:D
M)$ELD2PK#$O.%'4^IK>?P=<A0(7MP1W9C_A3G\)WS)A9;<'_`'F_PI<K3O8T
MY[Z-G(3NL1(5<CUS3;6$7,<TWWGC&0M=#<>!M4E^Y<6@^KM_\36=)\/?$L3%
MK&_L(V/]Z1__`(BM(JPG)6.&M6DN;^9Y"0`Q&/2M4,%7V%;NF_##7+<RM>7=
M@[R-N)21_P#XBKLOP[U=E(CN+(?5W_\`B:K42://+EO,O$7/&:TIC^Z78,<5
MT</PKU?[6LD]U9%`>BR/G_T"M4?#R]S\TUL0.V]O_B:3N/F1Q5C9,S>8_"U>
MF(`PIQ77GP/J&S:LUJ/^!M_\34(\`ZENRT]H?^!M_P#$U.H<R.0"$@YS4,B*
M^0U=K)X#U5N$GLP/=V_^)JG)\.=9=LK<V0_[:/\`_$U0<R.;TJ\%A=J<DJ>J
M^M=C8ZC8O&;D7$84*2<L.,5E-\,=;:97-Y9``]1(^?\`T"J+?"3Q"S,/[1LA
M&3D*)G]?]RJ1+L2Z]XMC:9XK$AU0A6<-P":YN?5+C#N96;9@,`<]:ZRT^$UY
M#EIKFV>1OO'S6P?_`!VM!/AU?PJ1#+9C=]XLS<_^.T:BT.)M'N6N[9YK>1$,
MT?S=CEA7O=>?1^!=9$T;27-F45U8J';L<_W:]!H5^HF%%%%,D****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
H*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>28
<FILENAME>aif_pg68.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg68.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#,#,`
M`)*2``(````#,#,``.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,C$Z,S@Z,#$`,C`Q,SHP
M,SHQ,R`R,3HS.#HP,0```$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,C$Z
M,S@Z,#$N,#,S/"]X;7`Z0W)E871E1&%T93X\+W)D9CI$97-C<FEP=&EO;CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.F1C/2)H='1P.B\O<'5R
M;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^/&1C.F-R96%T;W(^/')D9CI397$@
M>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS
M>6YT87@M;G,C(CX\<F1F.FQI/DUI8VAE;&QE($-R97-P;SPO<F1F.FQI/CPO
M<F1F.E-E<3X-"@D)"3PO9&,Z8W)E871O<CX\+W)D9CI$97-C<FEP=&EO;CX\
M+W)D9CI21$8^/"]X.GAM<&UE=&$^#0H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(#P_>'!A8VME="!E;F0])W<G/S[_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`%1`GP#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Z&O=5T_32
M@U&^M[7S,[//E5-V.N,FJ#^,?#B==<L3SCY9U;^5>8_M!1B7^P5)VY:8;L9Q
MPM>/Q11>;@Q@GL1W^M-(EL^KE\8>'6<J-9L\C'64#K2IXP\.R2O&NM609.NZ
M8*/P)X/X5\QHJ+<@E%V^XZ5(`AN,E%([$CM4W0<Q]/#Q-H1&1K-@1Z_:4_QI
M!XHT$G`UK3\^GVE/\:^9&*JV(P$`YV,N:JS2P+O6.W$LT9#-M&,9XJTB5.Y]
M3?\`"3:$!DZS88]?M*?XTP>*O#Y;`US3B3SC[4G^-?+UI&;APKQH@;.6/4&L
M&=X;;4WWH>`4.!WSUHL-2N?8)\3Z"!DZUIX'_7RG^-)_PE&@9_Y#6G_^!*?X
MU\PP26E_N26%8X2NS>!T/9OPJA#&@(RH\P$@\<9'>HD[#39]7'Q-H0ZZS8#Z
MW*?XTA\4:"!G^V;`_2X4_P!:^7!$L@"`*,]>.]7;2"/!;8`HXR%Z4KCN?20\
M8>'BI(U>U.`2<2=A2/XP\.QA"^L6@WXVXD!ZU\^-$D&E22F%2I0XR,9-9L4:
MO:)NB_X%BK5F2Y-'TW_PDVA9Q_;-AG_KY3_&E_X231/^@Q8\<?\`'PG^-?,5
MO%"'8R(&!ZG'6K!1(X5&U6ZD8%.P[GTM_P`)'HNW/]KV./7[0O\`C3O[?T?&
M?[4L\9Q_KUZ_G7SI:A%AB<K'@R`'*\5?M9+6:>:V\O:'.4(QPU-1N)RL>^'Q
M!HZ_>U6S'UG7_&F_\))HA.!J]CGT^T)_C7@]Y'&(?)<#=G[V.AK/GTL)()%"
MN6`.<8Q0XBYSZ%?Q1H$?^LUK3U^MR@_K0WBC0$0.^M:>%/(8W*8/ZU\VWEMF
M-TEBCVL,`$<YK):>?2K%E:-2"#@%<X'IS4/3<.<^HQXQ\.%]BZW8LV<8693G
MZ8ZT]?%>@L[JNK6NY!EAY@XKYPTIK&YLXY;>&$3QKN;<OS?_`%S35UFS@U5P
MJYE8`'.,G\*>C#G/I.'Q1H5PH,6KV9SV:8*?R/-`\4:`9&0:UIY=?O+]I3(_
M6OG2TC:)'=M@5V)!([$UFZJL:E982@=6SD`9;Z^U.PU*Y]/GQ-H0`)UFPP>G
M^DI_C2_\)'H@ZZO8_P#@0G^-?,+"UN;5XKB41*S#<5'W?3%/`>TN1;$&<;=P
M<IU]J+#N?3?_``D>B?\`07L?_`A/\::WB;0E;:VLV`;&<&Y3_&OGYU@6-#)$
MJYZKM[UR_B"0P7ZND2`E"-[#C'I22%SZGU7_`,))HF,_VQ8X/?[0G^-(GB;0
MI"1'K-@Q'4"Y0_UKYFL)K1_#=M"8@)D;>Q'3!&,5<CAMK%4=88\L<G:.H]:3
MT*/H^7Q!I$(4R:E:@-T_>@U!_P`);H'F!!J]H6+;0!(#S7C,5\ES:F)8XV++
M@,V/EXZ5GBU@D6'?;JK(PYQP:(^\-Z'O0\2Z*TOEC4K?.,YW_*/QZ5+_`&[I
M.\)_:=GN/0>>N?YUXS:6T$=]*DN/*9/F)'%)=:=$DQ".C'&1MQP/2K<;"N>S
MG7=)#;3J=IGT\]?\:0Z_I`ZZI9_]_P!?\:\&DBD$A+MN).`@`PH^M0W`2!@A
M``)YPO\`6E85SZ`;7=)0?-J=H/K.O^-0_P#"4:#C/]M:?_X$I_C7A0DCDCVR
M(7+#DUA/:?9+@F2.-HP>$V@YHL%SZ67Q#HSJ&35;)E/0BX7_`!IG_"3Z%G']
MLV&<XQ]I3_&OG5Y$,6X!8S(0%C&,"LQ].61_,BV%R_`/:I>@TSZ>'B70RI*Z
MQ8L!UQ<*?ZU&/%6ALQ"ZE"<#.<G'YXQ7SMIFGJ5*!,#DE@.G^-:D-W"X,,:N
MPA'4#[Q]<55A79[L?%6A",O_`&I;$#KA\G\NM2+XBT9D#?VI:`,,C=,H/Y$U
M\_Z;&LLTNY1N+,0I'?-65LDE#F4!57OCI25F2YV/=SXCT0==7L1_V\)_C1_P
MD>B?]!>Q_P#`A/\`&OGB\M;=9R\*)C[N=O-16]CQN\L`'T]?2KY`YSZ,_P"$
MCT3_`*"]C_X$+_C0/$>BMTU>Q/TN%_QKYZ$/E@N$VJ/51BH45!,1&J$#I@5+
MC87.?1O]OZ/G']J6>?3SU_QH&OZ0>FJ69_[;K_C7SVL>Y"6`!!ZXJ52/-`54
M!/<CK4Z%<S['T`FNZ3(Q6/4[1F'99U/]:BF\2Z-!$))-2M]A.-RON&?PS7BN
MG)&E]%(44'=@X'6KFHK;QRF%`%5025C'`-.S!S/7%\4Z$[A5U6VRW3]X.:D@
M\1:1<RO'#J$#,GWOFP/S/6O!O)+W,*Q(A./XN,4^35+B6*&.)A$BDC"#&3[^
MM+U!2N>\MKNDHY1]3M%8=09U!'ZT+KNDN<+J=H3Z"=?\:^?9Y`G^MB4NIRS'
MDFI;0QK.'*GYO1:JP[GOC:]I"G#:I9@^\Z_XTG_"0:/G_D*V7_?]?\:\)OK9
M9!YN!UZ!>U9_V4P6SLY#!FVK182E<^A_[?T?_H*V7_?]?\::WB+153>VKV(7
M^\;A,?SKYMN+5'<"7;R/EST!%00PW$"%;@131;N/]FITO87.?32>(=&D.(]6
MLF/H+A3_`%I)O$>BVZ;YM6LT7U,Z_P"-?/VE0Q[!.-F?55&:;J8M98/])@,R
MLW&Q,D'/6KY-+ASGNY\;^&1&SG6[,*N<DR#C%*?&_A@%!_;M@2YP,3`__JKY
MDU2UB&GSA5QN._81UQ67;:8AE\R"95CX;D?=;T'K4=;%7/K@>*-!)XUK3S]+
ME/\`&G#Q)HC'"ZO8GZ7"?XU\NZ7'#'=9;RY(WR.!]T_XUTC:;;06ZF0JI`[K
MC/N:JPN8]_/B+11UU:R'_;PO^-)_PD>BD9&KV./^OA/\:^>+,+<74ML%4L.=
MW!_&K*V5O:W%P)=CHJX(7KGZ4M!W/H%==TEAE=3LR.F1.O\`C2?V]I!!(U2S
MP._GK_C7@5O;Q26LL,S;<OO!4=,4^&%ETV?,)\N-_FW'[V:2LW8=SWH>(-'*
MY&JV1'KYZ_XTU?$FB/)Y:ZO8E_[HN$S_`#KYU=!!*7MP8TDY$>,BH&\I'\\!
M4D)P1C`-585SZ-?Q3H:.5;5+;(..'S3!XO\`#Q+#^V+,%>H,H%>"QM)-)"X5
M(C(`5.>GO6)+`#J=PX"LRD'..O)J7H-.Y],0>*=!N!F+5[,Y[&90?R/-2Q>(
M-&GG6"'5;*25SA8UG4LQ]`,U\SE?+:.]3!\M@",<\]JZ#PV+:7QMH\D$81C.
M"<+BIYG<JVA]#^8GF!-PWD$A<\D#J?U'YTZL^0?\5';'_ITF_P#0XZT*H1X[
M\?(P\>BDMC#2_CP*\9@1HW:XDX&=H'?(]J]X^,>-VE;@I!\P?,<>G2O)7L8Y
MMX\HY7L.HI^9G)V9G1S,TL89"<Y/%6HD#EWF!X["JL\3V[A-O"]2/ZU+9WF"
MRL5&W\2:K<`02O=2-&0H*C::D0&.;$84C'/<_4TR!);J^S&I4+R<FKR6*K;B
M,':3]YN:+:"LARR0F`*D)6Y"X+]F/K6'<:8)C','7>Q(4XX8CKGVS5^]>6';
M'"IW/P)".$'K2K$UMY*!BT,@\P`\?-W^E)JX)6&6"2);&&Z`7;G+@#FE:V%N
M$NHP65\*V[U%6U6,3AMQ!()<>OTIUP5ELY=HXX?'8#ITK&K=1O?8[,)%3JJ#
M6]U_D5-J27`=U"9].]:$*Q)M:!"<]L]:BLHXP49ESQCISBI(\),=O<G@GH*J
MUU='+JG9C[YY9;5S@!`#GFJB(?L:QKDX&>O%6KH`PR$8)VDYI+>$,J@\84$`
M=Z:33&0Q6^Y3E6X_C/0>U68[+,B8.`WO5M(\)M4@8.3SUJ\EFZVZ.L9(?UZ&
MK;)6I@ZJ[68AMXAEB_04V&9DN_+!R77.X?PD5)?S1PZH7,!DD`]>K=EK.>7.
MJ1;8B&?DJ>@XY&:-29)LVIIVEN@)"27`.35VZ4JGRN&('7WJF#B2*0C*C@@U
M`;U9I6CX`+$#-7?3425RV2)X%\QE+]2I'0TW4[+S],):,2;E&`*:\?EJ"2`<
M9QZU>0^=;X<C"`@@T26@F<A;PB"*181@0G@BHT\C[<]S]G\W<03VV'O6Y?JD
M2-+$BF(IL//>L*PN9;/4&>&-9HV`WPR?=(]ZP<7<E*QI?:V\\07`41$$(N\'
M.:JSI8PW$:21/C[N%.<@^IIW]F16]\T[$&.5=\*,,C'?D^G2EAOHIKPV4\.Z
M/9\Q':KC?J:Q1*EE;6=_,&#2Q2H,KM)VX]Z?)=2?:ML:%HN`%'4"K,:J740W
M2!E(S$<G*TDUN8IY#(P,;@;&3@K_`(U5KBW8XVRL(W\YP0<_,<XK,U!`MW)<
M2DR;EVJK#A3ZXK=N+BS7[-&LG+#YF8=3Z5GW8D,\@D0-`4_=E#_.F->9DZ<S
M00D2LK#?AE/<>M:OGV\K++#NW(VU86.=H^O<5GQB*U_U:@LXVCS%X![G_P#7
M5B$RVN)I$8QC'RH0#]:EI%)V-:SECF!,!V319)P,`BM(W<;6\)QN.\9X[5F1
MV406&ZM9Q)YC'"#O]>QJ&ZG42X`P@;+<XH3Y0W.OMYH[I,HNU@"`/7ZUBZE>
M-`1%AE9SCC%01N\4^8GS'@,ISR!4MV$$L<CMEQU]*U3N9W:T%B=VC+M(/E4'
MGTIC1O<'S$&6'1>U2;0SE5RVX]C5N>$01[6.,#/-*6XUIJRCO:0[6P`.,@8S
M4:6@NI2^P94X&>AQ3]L<@V<9/)P>0*LVC+'.[+\J[>.,@5&R'=-G.W6FR^9(
MSQ>7(QP&0Y`%/CLF7RIBRE8QA@!U]ZW&B,N=TK*23QTJ.TLHU!5267K\W:EJ
M49FIS-:6D0@G*&5AG9S\OI3[>4:?;K/)D@'YM@^^3[U;U1DBU&.!%&5C&&P.
M">M.L+>*X9HV!EVN#\W0_6A.[`K6`+L[Q*ZJ7.-W:KLKNR.NXEAU*_Q'UI\4
M)C=XPR@LS9'7;S39[<R*%@&'S@^U4HD2[$FG6L9'^G?<'&",DTLRI:-^Z8%0
M<]>WK2!90GEIC>JG(ZG\*SI6N$N/W@(3'!8=:;DTA)7-*(HY)D/F$<G/2J8C
M3[1YBC`/!'K2V>6Y12&QG'K3)(W:8X8C?V[BL^:YIRJY*'2*,J&RS<CW]J:D
M8D<,QVYXZ]*SUMY4N26.>>!CI4J7)\U5\L@]V-9%V-F"7R2IVEP/6JTHDNXV
MDCD8;N_O3K8R-+&`>#PS;<YJ9K26U=Q,Q\M>4P>OOBMD[F3T9D[9(?*4Y+OD
M2,'SGBG6A4QS!"05.5/I]*E8F6X0(H6,,<OW/%6M,TF>;49$MH6=6[Y^[D=:
MF>Q<6F[%'<TLI?&5QT/<^M6K8!6(8DA?2K,6DS13M#,4B9#AMS`$5)%'9VMX
MYNYPY&,11`Y/X]*L3T%<#Y6#'IPM5[ZU>2")0`7!R<5KQ0:/=&/RY3:L3_RU
M?=S[^E*^FW;EVBV3(C$AHG!!_"F*YSEU`#9ON4;DY(/85SJ2I<!K6-]YVAP-
MW4>E=?J5H9()H9,H[*1R",9[UR!TQX85;2K9A.6`\[/RY]`*B:9/,:-O?VVE
MSQI+\L#8+8/,1_PJ-;R?7+JYDTZ?9;1N5"#`WCNU3MH<LVGBZOX!'<A2GE'N
M2.23Z5F^'UCM[)+6;*M"Q`Q_%SUJT[K43(]:MWAT:>1CY@X8D9&!Z5#ID]M/
M!#;R!8VX\L'J?>MK456X2..3(BDC9,=MW4<5R,$,L6K2+)M4*!@GL!W!_H*E
M^9:>AZ%X3T)'\5VQDV/#][(.=Q')-6O&NHI>W]M-8[4@G#`<=U.*R_#?B:+2
MM8CFG5GM#^[<+V4C&15G49H9Y;G09A&DF_SK"YZ(0W3/L1^M'309CV-^FG7W
MF2@L,_,>.U23:FUY>O<+M`)!95[UF2P2V=R]M<J"Z-AT*]3Z@TWR985+%P5;
MI@_SK--H9TQGCAGB:+(AE7NW)/N>U:^G,TB3P.!+!G'#8;I^M<4+R4P&,G@?
M-M]_45>MKB=H]T3R!N,%6Y-4E?4+CI)9&U*25HW5-V`G]T=!3+YB&*[-K=/K
M5B3S'C1Y6??GG)!)J&V$ES>%)]Q)Z%CP*T$20`SV\)8ME`1@^E0^46NY7BR2
M``1CK4^SRE=/-4E&ZCJ?84D%P]M<S,F60;<?K2:N`D<0\N101@CD8XK<\)H(
MM:T5?,5B;K/O5&1HI+=IDB1)F^5"<X^I[5I^#;1H=>T\7`!D\\,&S[USNZ9K
M=-'MTG_(Q6__`%ZR_P#H<=7ZHN/^)_`?^G:7_P!#2KU:DGD_QM90^C*Y`#-(
M,GZ"O-8W5EW>O7/^>M>C?'/KHH`R2TGX<"O,&8):*_<G!/>J6QE)79//;I<[
M5SLQG)Q_,U!I^CI:W!9V6223GD\8[8I;26XF/^DQX7.5)ZD5JVS`8WHKQ'T[
M4(6VA2>+RKG>^(!_%ZFKVU)8-L4B;E&0K?Q?0U%J%@LU_$I8%&7#>A':HO(D
MM_D0?(#@9[4T%K(=%'YL!CG4JN<A3U/XU4U.VDGL%D<[5BEQCIE:OF[7S%+`
MA5&`QYP?>H;UVBLR68LK8(_^M0-.Y6\U3!&-ROW+#L,<5-:@R?(ZH5?C::R?
MMBQ!415ZYP!U]JTK2X5;E994&QAM([`>M9M)HTC)Q:DMT)`XB5XV1MZ$KNST
MIZLI&"`QS^-,8!))^"`&XQWI(@/-R2?4X%*D[P29MC%_M$FMGK]^I;E(:U88
M5?E.!CI1;;=J<C.T#DU6NR44E0RJH/6KMG&6AB#*.<'<:V.8OI'RI(P1UK;M
M2)+=`Y0C/">E95K"TK9<?NUR"V>*NW3Q:?8NX?,F,#L/SI"^'4RY(8O[8W@(
MWDL688R..WUK#D=WU)74*D;.68-UQV^E6H9W=R8F^=SP>QJ"[A?[?$3*#CAA
MV)HLKB3N6;Q_)C+*,D=QT_.LKRP\H=20ZG[V>#6A>"4V9C@+$D<8(Z^E5]S,
MJ1R((V';=UIM,E(T\K)9^8"&;:$QZ<]:D@\V21=BEE8;6P.F*HQ.8X0N"-W6
MK:SNEY$ELS1C"MUZYZU?D)C9+-[V"6`+N4MQZUC1:5):W[!^<`#&>GUKKX1(
M4N4MD$FYN,'D8[_SK"G+2:C*LH.X!?;-2TAE&ZG%LD?FIY]N?E0=&3UQ[53E
MU*"U9$<*(V.X$)R?J:W+G3)KFUWGY1&,]/6L1M.9K46\_P"^"\JN,%?<&HU!
M.Q8M1!=W/VJUD4LPPP!XP/45IF_C6(&XD`A'49&16':V/]GAVCD\G*D!R,CZ
M5(]KOF7(20,F6)/!^OI1=E*7<GUB2*73[=[.)Y)`Q("=0".M%MY@TU([Y"KR
M'"X^]CU-7;:!E@1K>5%/W2!T4>QJ:Y5(PI+JKE@.FXD^M.X)HY&[N!INI2Q:
MF6,!4>2Q&>?K6G$Q:WMQ-\T,G*A>,C'K5O7+>.2+S;BW\Z-6`=",9'K62C+"
M8[>%V\LL2N>@7TIV*:-W1XX7_=F8`@X$9)&/Z59NK&;S2JKMBW#/M5#2P)-2
MC/V=E<MM\Z/G</0@UT=W*PNX[=I2FQ@=^WJ?2IE9;C6NQERE%@AC23=+D[D;
MC9SUK16".=(\D,2O)%136L+3QLQVJI()&"/J:I3WB6^H@0DE5("[1][UJ5.V
MY3A<W;;27)7+C;GC-.\3:8Z"VFMMS$KB3YLX`]NU3V5_YB;,!3C.YF_G3[N:
M0V^\.1DXW#G-:<W4GETL<W;B0.RNH78`/<^U:*VX5%8$@,!D'@U/&5D`5D7K
M@.!\P_QJK?1R1+YCD^7$?DR?OT.28N6PR;S8'W1D29_CZD#UJ">[\DMYI(4@
M9<=R:OV*K-%M)&3SM]J@N]+CEN5BCE01[<G(.<TKA8R+V*[?5GDMW5HY@&1F
M'Z5M:5;7"`LYRZJ<%>.33FMX%2,12?(@^8MS@_X5H&)S8+/Y[+%_",8W>X--
M+44C)B8)N,FYGWL&XZ\U*\ZP2`AAQR2/Y&HXG41LTK8_>-C`Y-5;@B7YG^9&
M)!QQ^)JKI:$-EQ7$8\V-PYW9*Y_E4$Z/=(&5CD<D>GTI@DMK2`$298_=3OCV
MJ>"4!,H0Q;E0:RDRXJXR)7MB)-FY3'\HSTI)'22V(0'SF(Z]13I[B`1A1N#]
M^>@IPD60J8P"3@;E'7%3'5E.Z5RM$+EE"2JQ"DX&/Y^M6$@5H3B(EO9:L6>K
M?96F@>(EF8C</X:L6NI6K7,9%S(JJ?G!`Y-5>(U%O4KQ:?<JJ^1;2.V1E@IP
ME:K2V<5E&VL1,\T1(50WS/\`X"E\VZ74I)=*U%2K<[%;MWX[UG1V8;5'N-2E
M5;=F^<OUJEM=$2O<BDU$&XC6/3K2*/)P-F3C'<]ZLQW[&$B0B*!C@I$,<]J8
M;[0;B\3;:SV\:Y"R*V[=^':K&HV%O]D5]/N1<QG^Z/NG_&AJZ*1B7EXJ-N@9
MB2VTJQSFJL@N9-90)&RQA`7E88'3H*O3QZ=:1*;\27,X8$0(<`'_`&C4_P#P
MD)O'$5Q8VXMT.!@'<!_O5C%ZE25]R-HY@BL0%0]"R]:L:9--%$US"Y1\E`<\
M47EJMS9>;I]TUS;J0#$3\\/U]:J)*L4)6+*(G*^YK2+U$;'V\WNY-4A60`?+
M(JX.?ZBN5U?6[?3HGM;2U,,TOSJ[_-AL\$"MN-O,/!.#T!K+U2RM3/\`:Y8@
MT\2D1DG*YJGMIN0UU&M?2WEG&]^Q:4KN,2G;DGCG\JJW`@\_[9!^XBXC>%^L
M3]R?K5^UCL[O3K<:G(D5U@!R#_K!G@>U3WND)<7A$J=?D9",!ACCFA+0BS:,
M;5HFEMX);:4.D9);YN#QUIC6T-Q;`OM,D8&SCDCT-4KO_B2^=82*R"!CLD'S
M`J>:GS=WMJCZ;+;LTB`'<,'ZU5T4KV*LD#VXY4C<<`8Z5JW"_:=$L;X.&EA8
MV\DB]2HY7'\JKSP2V%J1-=F20?))E>N>X-7+^#[-X2TT0E6^T2.\@SCD<"IB
MM2FR22;^T-/:5H]]S%\H;<!QV)JD6#J!>*OF#@.1UJ]I6GPR(<%OWBE"IX+'
MKQ5&XT]<EXI3YB??1CFG8+E=[(^5O$B&,'8"QY!^E7M/D^S?-)@@=".1^%1(
MXMHB\BG;WRH(;VJ,&&=F,&^(8W!3SS[4@3OL:=_?K':/+"[97#N0@8E?0`]^
M:SIYKKS[58;CRA))L</",M_@?:FS6HN+:2*4R1+)@>;$P!'L?K5JS2"Z7S/-
M9F@D56D=_OG&1GW]Q0--%J]0%4PNW/<]ZIP1R--),Y`CC"[BQSD<]O6KDD*S
MW@8+(^%^8[?E"^M-%N%OWCM(VD!53P,L#2YD!,-YVI'@;AE%/4?45L>%H3#X
MJT\%]Q\X9YSCGI7.`RB\8LY4YYYZ5U'AH*/%FG[$R&E7YSZ5DMRT>T/_`,AZ
M#_KVE_\`0TJ]5)_^0]!_U[2_^A)5VK`\C^..2^BK_"QE#'TX%>7VL3S1F.10
M0/F4D8''<UZ=\=2!_8H)X+2`CUX%>:QM"L,8CE7=T`!`X],U:(D.8%/+=F"]
MABKMH5DA:2#AU//?CZ5AW\EPVI".##EONL.57'\ZMQF6.R!.0=P9^=OY46N9
M&VUQ&UKEF7`Z(PY!K+NYWV94X&<L*6X93L:-R5(SDXR:C61L90KG(QGI04MA
MD@9HRKCY6'`QUIE^XCL8UB4EAP.]6I,O.NV,8?@D=Z?);I"Y`;.1VJ;6),FS
MTNXD5YKI@CEOE0C&`/\`&K@422*0#M'7CG\JOP?O6#N`F.%]6I`5AF<DDLW.
MPMUIV12;ZE*:)UO/*A0$/AOF/;TJ>.`JQ8`I@\`]<_X4R^8_9!)@*R/\I![5
M+`))`EQO)5EX#\"LZ7NMQ_K4[\3:<*=5=59^L=!\J-*LI<@Y0C-6;10MN@;Y
M3CCV&*ADV;)<2*3M.<_2GQ[8HHBQ8%D&,=!Q6QQF[;S>39"W(5D<[R>X/I6%
MK,IO6\K:5C0<;3U-,AN93&P).Y#M.!UIK-YBJF02YX]JB$N97+K4W2FX/H54
MW1%$0."N/FSUJ>=P9BVPE"./8^M+Y3-(8=XR1D`>U)@E/+=@<'('O5F:=T#2
M$H`1M`X'R]:K72+(?E(W=!ZT-<+$\:RME2Q4%1TJ-Y`9%!C94/\`%CG'K2(6
MC+"-E`,D@==U698@X$B;E(;;N]*9:6KSE4B("CYLL<#`_K6JD*36ICBP,G+$
M>M4E<<BC!JEQ97`PR@@$9QUJ%IS+<&3<!*Y#ENP]J9=6ACO"),X`SU[_`-*C
MT^.3^T96``\M1@=>M#=F2;MK<QS:;,"SK*6VD$=16'+:/&LA);>IQTJW''*+
MH2,P4^E33W*3_N0,\<L?XJJUT-.QBL))`L;9(/!)%1)I;7$[VX?R@#S\Q(Q]
M.]:TH8N8R@VQD%6[G-:0MX)=/-P05DBZD<$UFU<5S`TN,Z;J9BOV\Q.5`Z5K
M7BPYMT@#*Y?*.HSM^M5+.V6^N3/(K.0<^NX>HJW=2(US$D";'0[L$],>M`(S
MO%8D?P_<@*V\QXW=,U3C@>[T6VA@BCB<JFR24Y&.];.IO#<6S1W,ZI&PPW;B
MLD[M*AM(7&^V23'F,,@+CC/^-"-&6(-2ETI&0VSK*[[,C[K>X-7TD%S8JQG4
MR%P"N#BI;Z!X-/$]LP>9G`91R<$>E4;=9K/2MLL,C$R99T7..:EQUU!,O.DP
MA>1URR\[@=H^F.M5+2UBD8O>E@S?,K,W*?\`UJMV\9@NEG^;<PVX+\8/?':I
M+I?,8H$5<#D@Y)/K2Y"^8BEFELY`2R/&!@,J\'/I4FG:HX>.,S*8RQ!4C``^
MM4_(GN-(*WLJO&)/E3."??UJM#8;6VR721[.Q'W12M9CO='83P11W"36[B5'
M!QL/0UE7+>9.8#&6VMT;N?6J^F74D6T#9L4X$F>&]ZOM'YVY00'9MX9>,U22
MO=">^I+I@57WW#$NHR!CIZ`5'>W7GB1VCVJG"J,X-3QVK(H8L8V<'YASCWI+
MA%6W$<:AN,[SU_&JMJ2]"O:B*>:%/NE_O[CQCTK1U.%;GR%W`;&.%C/1?IZ5
MDV/[NZ"2-M1S]X#'TQZ5><Q(XF0[I`V,MR16L;(SO<YZ24V\DC0,6VNV0?K[
M\5+;S^=,5V@IM)R0,?2M272TN();E5!8%LCH"<UA7#O;Q.T&"<<X^M)KJ(NO
M$))U"1@'&06Z>]*H"_.B%<'`;''OBDTTS&-=PSECSCD?A5MAY;;E8-$$.>>Y
M]:S9I=%.X5#,1N"DC)-(L9B??#)@@=2>:<D8W\??Z^H%0S1`)-<%\R9V@XX`
M]:B*MJ4W?0JC40&_>C?*QPT@J6&1(RS1J6YX(]:S;B0"3RRV&SR%/;_Z]6[0
MQ*`[E@HY"Y_2DUIH-/N:]G.[W*F1<$,.3P?PJ#49G:>4RR[F#$*WI3()_,NE
M,9!Y!SZ`=Z74X%-S+^^R[$,1VZ5<7I8E[W*,,Y6>)&!VLQXK4@F9=Z6[E">`
M%.#7.M(S7<:)U#8W9J[<3SVA#@;7SDMGK5`.96>)V>X*2!]OS=_K5F-51&8.
MN".HYK,GC:>=9F'%QPX+8VFK\B@8"D;<;<'O62?*QC[6]ELBUS&Q5TZ$=_\`
M&M"W9/$,CM%$UO<(FXQXXE/M_A6'+:9)`!R><`Y%/@EFB9)8F\NXC/&#T-%[
ML#68R071B=MKI][(X!]*KW4D;N(W(;<"0N.IK6ENX-=LPCHL6HJ,YX"R'TKG
MF@CM;MVN=R2HO(/<_P"%:DM$<]HD\T=PZ-&R1;=A."*LVFKP12_V?=/([A=V
MY3]S\:ANG>ZMO/MPP,?RMD<,/Z54LHK*34S=3S20W17:8F7&[`XQ25D3>QJ?
M8K"ZMIW2"666,$1N^.!Z5%:O;2`1BVC2YB&UCC]`16:VKW%Q=S:=#:R*FTGS
MP"`./6KT4$5I#$S$H1C`'))^M3UN7N6S;2W3B%/WT3=`>J>Y/>JU]''->QVT
M+;H[=?O=B<\X_&KUM<1RE6B!7<<G)[U'>01)"=\2(0W&>`*M"N0?:[478=B0
ML.T@AL`CH<&JM]&]OK<T4*>;`7W(_L1D4Z7RQ"Z&-G+8(V\BI[NXB%G;3%7,
ML/[LC/&.H)IL3*\TY:9O.2.,!<88?>]JHH[!V"D&('!('0^F:D<M=[5ME#2,
M<!FZ&HHUGCN&M9AMC5L$,>,CO4W&13LZG$<Q92O?@K['UK/LYY[6_N(V)**Z
MRE>^",`UMWAMHM,F`&)`<J>,=*J:I:I9^-3!<LRI+IMMOVCD,4!-)WN4C;%U
MY]B(K:4()?O#=S5C9?6]Q?WT3M*5B1&*C:=N,9(ZBN62:31I8R,R0ER4?;@Y
MS73:?J5MJ-]=M=RR*9(%574\$C/6I5A%>WBO/*1O)^20;QOYW>XKK?#-R_\`
MPD.G1E1N,J[CC!K+AN99M0MX(U##8(U`Z`8YK5\):7,/%L4IBRD<JL7+<#GH
M/\*E/H58]D<G^WH!V^S2_P#H:5=JHZYUJ%O2WD'_`(\G^%6ZH9XS^T#G9H8Q
MG+2_7H*\2262.38<9)X`ZM["O<?CT%8:*&Z[I2/R%>)7K21[/*57;<=HQST]
M.M6MB)*YIJ?(\IXOED89VYYQ6BC-+&-[[L\X'-8:Q.&B9&8L(]JMG&36AITR
M-:QQS/L<Q9(QSG/-,2\BQYB>8OS%B6VA0>:D1B;E+>`%W<[CCHON:EA6*%"8
MXN2>'/)Z58LRJ97`7(Y;IFG83=BU#`%(,WWEZ%3VJ"\A\P#:Q78V6`X+#W-2
MKY9<[I`H7N.<U.\T36JQK^]S]]=N#BDK$7*6CV32K+,(PJJ2"7/`'8BM>;PI
M<Z+;6VK:I%--9WG`DLU$GE>F[<5`^N:6V94&]("ZGD@<"N_TS[-XD^'BPRZ0
M-2:PE&-/DN!$DF#QN)X(Y)P>.*'>Q:U9PNK:%IS^!K+7-+^U.MS(T<@N8O+8
M$'`^7G'0\YQ61#''/:1OG<5&!'Z?X5W]MJ=SXA\/ZYH>I?9$U2W8W$5G:W"R
MI#&O"H-HXP!^M<%9)Y=S+;2`Y=0Z8]#U%8OW9J7?3_([X7J8>5-?9][Y;/\`
M0@,6Q94QO7!.6'J/6IU>-HHXW&9"!WX%321;XI(Y#RJDC/;BHXT"11NH61CV
MSTK8X7L(D0B@N9%(`,NT$].E5X452YYX!V^]6DD#::T.<CSF=^.G:FPL[2(L
M4;,K#!P,[*RI?`CJQO\`&DNUE]R106-Q,&!(X^4]ZL.B%E"C8R]Z+BW:*Y.X
ML0@QM]:>;=[@9Y`QGWK4Y([$%PD;%1D<=#C]:CDM6C@CDN",KD*15;48@2NR
M4HJD;M^0#BK<+/>1"/&4SPS<T!8DM@Z(I<D>:N`.O%6A+)`VZ/[F.#ZU&BB.
M;`^Z!R<5#>W\B7:P0.%C`RZ[1@GM5(31IP"-XL,HW8^8GG/U-9Z*1?S>5E6.
M"<<8%6'G5N%)4O@D=OSHEWM?,NS?B-1C'!INUR2^%Q&'P#SP>I%94D;L'V_+
M\W##UJ\LBF)(F`1L98J<X]J?;H)IDBQN).6SQD4;Z!8J`,EO]H<E@HP1CK0Q
M3^S7VR?=QP>]=-K-I;'PI#Y<(`@QDCC)R?Q-<I=::ZP18D3:1D@]32?D(J:?
M?.9)/(_=[,DGKQZ4R2?%ZT5TDLLO564X4CVIR0_9@#&J'L4'?-61$%9CP"%[
MCM6>I<2O:O;WBR,^T*3AO/X'']*?>1+/IS6LB*&*%4!S@CL16:]N&EWW/EO!
M*^5#]OK5V]2Z,(-KND#?=0MR,471=F/2\%MH7GS/([A`X/?T-.'B:!--+(^]
M3@`MV^M8@-V+=+;4T6VMM_\`K%<'+5+K.A)!HJS6XX9@WRGG\J3;1*>MC<BU
M!5L1=,RF/;DHO4GZU=M8UFMS<XVAH\QXY)/N:X#38_M#K9"ZD"Y+%"?F;_"M
MF#40L4J232J(20H!*Y'K4W;*-NSOE\Q66(O,#MP>=M2ZG&DN)E5A,V!G;][-
M8-C>>3=8LF:0@;ECR3P>IS76V]];G8'9F.SICH?2G%=R5*QB$"2.")?-B0-C
M&=^3]!6IIUT;>4QS`,Y&%4C!^N*IZA.LNH>=:@QLHVG'R@?2LY+&YO+II$F*
MNIW.[/\`XT*RV*.YMA*VH)9%<JZYR#TXJ146&?RG50Z';MW#YOK532YI(K^*
M)`Q:-?WLC='/M[51UJV;[9--$Q`D^8@]OQK2UM24[Z%J2T`8@9PU43%<K<,`
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ML1U('&/K5F>SQ=&0D[20`W:I64X$81SCN1UK"^EBDM2G;62W2^6CLN6P6Q^E
M5_$-Y]GODMH<F7&TMCY>!6Y!<16F%#KO)Q]#7,:K>R7.I"WA4[@Y+.!V]*TB
M#?0A$4V^W=V*MO.>/O>U:DR`6D;R*F%/S`G./;ZU06\>"12F"4R"&'3WK1M3
M)>(HG((DY8;<?C5$MV(KB<-H[2M'M$;C:!UP>U+:&2>)`R;]YX*5<N8;>WTY
MHXQOPP)4<FHK5O(M#L4HYY\L8RN>Y-2XW8[D$D$T$Y>3)3.%VGDT2QAVW@D<
M?=(Z>YJX('/E8D!C89;V:GJGD2-YN77)&#_.ERA<SX&,K1JQ8!3PP'6M1)%(
M*Z@JW$94C=CYE'L:K31QQ'SI,^6?NCN?8"JCO*)&,:L4;G!Y'_UJM*P%XZ?+
M;1^9IS>=:$?,,X8?45FQ1!R9KDJB$$+SET/TK4LTSIC[RRR2G@L?NUGFR@M)
MX[M(FD=0R-ECR#_.@5M;E2ZBN3;L&DWJ,E,<`_6E\V2/3A)\T;M@8;G\:BO)
MY/LCB-&9#QC'S`^E.LXYI0CS.O"CJ>,>]`&K:[A9J6VDX['O5J_D2..(O&Y2
M1`/N[A^59;N07C4A2_"NO(]JV)+V)=+@:Z8%D0*2/E(;U%,5]2E<VKF$2VV"
M3@E<8Q_A4=]"TNF7#?*)0@)`ZU*D^%?=+D#DMG;^=7+5RMNU]M\R)AY8[\GV
MI7[E'/Z=9LVQQ!Y;?>RQQMI7MR\\K#=)$.#QG+>QK6MQO?SHI5D1B2P[Y^G:
MJ.J73+=.PBDCB49*J,<>HHTL(S92@A91%OD1E^5A@'!!QFF:MJ1\4>/I]12&
MWM%D01&U$V\IL0+P>XXK4@BL+O1Y$9F221<@Q??Z\]?;--M[VQ?4WT+0+*.3
M3;>3S1J5S;^5<'Y>4)[C/'ZTGN4MBI%I]]K=W]BC;*J=J(1@<#M63I@GTC7V
MAN`2B-MD5>0*VI)'CNV>UFPZYP,D88]<>E0S6T-[9X79]M?`#$XX]#[TK6U#
MR.JTW4+1KBU?R"$5_G9#\Q4]JZ'2$O&\66RI(([87"N(`V?D/0@]Z\BTR_GT
MJ_,,Q94!P?5#7?>%;ZYE\2V4C2HZE\IZ9^OI2>KN/8]X<'^WH&[?9I0?^^TJ
M[7,Z#=W=SJX^VS"5EAEVMC!`WIQ734#/(/CJ\:-H@D4MN:4#';@5XQJ-GON(
M7A8KL.X-L.#[5[9\<((;AM%$P;*O(RLAP00!7D-VJH6=#))GL>#3Z&4MS.@U
M!&V#R666-R2I'8=^*2XG9+NWOH(I-H?YE*GA34VD+!=0-(T9$T<K9;;RP]S6
MA<6T<94)ERQ`V,?\XJD).Q:LKNWFMBTCOM(X&PG/O4AF4?*RR#'0[#G':LO2
MI'M=2FMRY7Y@4!]".<5T&5V.&1O1N>?RJUJ#UU*=E>VROMGW,SG:H=3C/K6Y
M:S6N['E2@]R(R<BL2YC9%62&WV9Y!/\`,5M:-=-$T4ERY1L8W$4=0TZ&Q+<V
M4$*QM;3QRE,A_+(&/7ZUK>$(AK5IJFC21R16^HVCHLKJ0"V,`_AUK,U,I<VJ
M3H[!5&P29^^>V?2M3PSJ(MGTV>64H\,GE2+V/;/ZTVKH%N7O`&C_`&.:"*WT
M25((&DC-ZLD:0D[0CX0'?R5SR.I-<IXBLOL&M7,D*RF2RE/R[3AH\]!6OXS_
M`.)+K.HMJ7B"]T73KAUD@,;L+=L@=E4D-N'?&<UK:K;"6SL+F]G?-W:I(\^#
MR<>A&:P<5)69U4:SHU%-?/S75'!7%_$]NTZ*Y\Q3MQ$>F.M0-=Q6EOYTD;,P
M0!`$/)J_#`J:.27R`9%1CP"!534\OHL<FX,A=,D=@.Y]J3FU1Y^MCHIX>#QJ
MHOX>:WRN5H91!82(5D\R1MSGRR<GKBJ\>LR6\RM\RJAR0(R,_P"-;+R+Y8V<
MYZ$5D&$SW:ER=HR2,=:N*M%)''5J.I4<I;LFN=1M[^-?*CEC)Y8%#_.H6OT.
MXHKK(HQ]T@&G.I084G@>O:I('QL67:4<XW'K^-4S*Z,F\CDOO)9S(XSDC::T
MH)8[*#?('61N`/+-7$"+*_E,2J_=YZ54N8+B\O8)(3O5"00IZ#OFFAL+.9"K
M;RQ8DG<8STJE-=PO."(9&=NI*'!(Z<5M-;RK:F*!B&`P"3GFL<6-_;3SLP,R
M8R#GE3ZBBUA+<BCO7LU/VTR*B<EC&<#VS4L&IJ]Z9X)G;`!(,;$_B/2K5Q;M
MJ.G3+<*Q$B[0<\C'>L]`^GSN7)"(@$D^,CVXHOJ#5S6DD1VC=PZF0\`(14]G
M/F^`_?!0<,?*.16<T]Q<26Y+EE(VH%YS6UISB+][=!^&X4<8INXG\)/K%XTM
MK#:V[R!E(#!XCT]:Q[W5(&N?)W/F(#=\AK9$QEDEO6<E1G!K%>91.T^%\QC]
MTCK]:&R;&)J^H/:E!'OW2-D`)@].M7["ZCN+`2.TGG!?XH\@BF7T'GSB:3AU
M^Z0.GL*FMK2X!5"#+&!D`?Q?6IZAJF0PWUI+>*9XI/('4B,XS]*T7NXA:220
MQR.P?"_NB,`5GW-D\:M]D):)CD1YY4]P?I6E:S1O;,)`RX^\JMUI&C;L9:2P
M'8MS;R31GD_NSD9Z5HK:V4G*I*%B(;:RG&?I442&2%TM=Z[GV.S$G`]?:K%Y
M+]FM4C1W()`;'/3H33$D4-1TS3S*)[:UDCN6R?EC(%0&.)4,=W;F8;."L95M
MWU[_`(UK'4$:)%:0L57!8@\_2FKAD4[]P'(7/-0X]@V,G[986=LJI'/%<%MH
M5H\97V-9MQJEU<Z@J6QDMXDZR%3DCTKJ;BR@N;8I*!(F?NL>E8S6!M`39.V`
M^/*<YR/8U#N/T+\<Z2!)4$DI0#?\AP/<TOFPB<NT<CJ3E@(SM-6-,FMP0DDJ
MJ7'S)GYA[$5H?;K6/=:JPPHRQQ6L="+]"E'K8AD39$X;&"`AQS]:NIJD!9_/
M27$H"D%#CC^E5XKB!YD6(EB.>><TZ66*20LL<N?NL13O<JZ2-S3KZS0S>1$[
MJZ_,$0_+[BB]O5@D41JS(X##=&<$U4L=2LK#:EU<M$KC!`7[WIS4.LZD$T^&
M83.(5D&,@XQ6B)*EY=QJA26.82N7W1A",@G\C6+-'9A&DMTG11_"5+9]JZ6#
M6I;G;%J11K(AMK@8*G/'/:H)?(BU%X[219&91\R]"#WH$8EC<P6\RRE))$QP
MKJ0M2?V@([EWC:?@DA=A/![5`);A)V@E5MFXG`[^^:N1(QA,F""IQC/-%P3%
MDU)?*940JTW+#R26/O2>:JP1!5E"8("B,@D^E;5G9+>I"(EC:=5^^.#^=6I;
M58+?$VXR[OE7U]J3&G8R=/U*+_CWGB8DC)_=DXI?.59=\)GEC3AE\L\"BX+6
MMRTA(+`CG'(]C4B7NV,,S;$<XW@YQ63BC2YG7$UM-<"=$F;YBVT(0*R8/*:[
MDG:.4)*=_F%#E2.#732+%YZ@LHQR-IQN]ZSY=TPDMT39%N+#'7.:'?H!F,\#
MQ,+<,LIR<O&6SQUQ5^TFB("+YF]!RVPX^@%/M(1;F,[HC+SU[59A2*"XPQ?S
MFYX&%8'N*M(B0Z^EB%OUD7>!R8CD55M&46H+HXQP2(SDUH3113(H+#`^7#`Y
M_.FVD5PTZN,M'T"`XXHMJ).Q")$4'AE'\.Z)@*KWER'MSY<$A8MR60A:V+T!
M8E%RQ49^[G_"JMS/%%&@A8LO=CR5_"ET+\S-^V0S6HCN?,9HS@,D;`*?2L\3
MD2,%$P4GNA.:VFWF'<`%B)W<#D^]4A<S1S(Q0XW9(QS0`W[5'$5B;S=T2$D;
M#5+^UD,D04/E&.&"'GFMP2-/-,#\OR<[@.:J1>'W5EQ(K!_FZ\?GVH`S)R+B
M"9D$L;OW"$<XJ.&\*VX1D?S5`_=A#^==)J$"26\H&/N?,0>F!BJ,!\P+YV"(
MT!9OXC[?2D!!'>_*KA#N'8QD`>V:M27MM<:=*)PQ9""J[#P:D:ZBN!Y<89!&
MI`##K^-9T5TLK3IU;@%&../>DUT&5[6W%U.S%G%K'\\C[3\H_P`:OWVHV]QY
M;627$$"D"-2#M!]35ZPE\CPZ;&%X_.WLTJ,,$KVP:SX&CNX?LP!+*V2G0YIV
M0#H98X[AIHRR9Y*+&0#5A;^&0`N&=7&&C:,U&Y"2%8WR@'RY'.:+97>1G#\8
MR=N"`:+6!ZF?"T<<TAB&Q&RJJL1.VF>'BKR7K22'YY6=?D)^4':?U%:#216V
M]B0J9+,2>O%0:0!::#9:GL)2Z$D8P<<[RW\C1L+>XV:^>&&2*%8RN>-T/SK^
M-9!F9KXF-7&0`1MY!]JT;QPY\V)B"3R,\CTJJ^&=I,Y.`?Q]ZB^@[$]Y96^H
M:;).!)'>@X\L_,3C^+-;/@#51+JEC;.DC7$4V`P7[OX50TV\\LD.$8L.(\9)
M]LT_P6LUI\1[$;=@GFRH[9["A6Z#/?\`2+S[9KRL"65;>49VX&=Z9_&NCKF]
M$.J#6$764B24PSE!&,#;YD==)0-'EGQGA\XZ4N<']YCT[5XNU\999K=HBWE*
M=S="I']/>O9_C/)Y;Z000"3)C/X5YG]D^UQ/,B(\C##`\55KF<MSD?#TC+=D
M19,,V2L;$YS_`(5OS0;9B67(QRJ^OUJ!-/GTY56,*D#L6,9.64^QJ1&D7"D?
M(3D_2JT1#U94E)&K6LA)EC<E-B]0?45N1W'SE+=B'/WLUE7@CWVPC)61'+AA
MT..U=,D)F9G>%$=@&SCD_A51V"_8GFVFQ1I#P`"57UJ)8X)EP1MR.I;`%.AQ
ML,"M\X/((XI3O4E%PWX=*H".65EM?(A(`4@X;)W>PK2T^8/;/E2&=<JC'H:H
M`HETIDP<<E0:5S-YYE6(+&<E%!S0!UNI:S;^*].T_3KRYN[![,I*S0%")67I
MN5@<@?UK7N!)?V,5L;AF$.6'!R^>IR?_`-5>?[PKQ2E3CHX'8>M=O9R32+!+
M%C9]T9/84)*X[LYJVPD6JV+DSQVDC^5&<<!ADU/%I*_8XT,2&.6,%P6^[QTQ
M4)#6_B;6E49)@$H&.3D&M&SE/EVOF`DM@XQR>.]<T/AY>UT>AC+JJI+JD_O2
M9S\MG+IVHQ6DI,EM(I\A^FTC^$^M0+=6UK>FWE0ARVT*.K=^*Z'Q3;RO;)]F
MRLT3;T..A':N6O;(:E):7T9,;@AL#MD8-%+W6Z?W!B;5:<:ZWVEZ]_G^@V>[
MA:X^568NVU0JY)JK,PCD5`O(/.1G\,UHZC;06EA$T8*R+SN[\53T^)A;`#[K
M$_>.<$]\5U./<\X6+<I61=P![5IVB^1LEC4+$"2P!_SFF)`(E4##DG@'N*E2
M-A*8PO*@G;Z>M1:Q=[@&9Y4>/_5G)('K[5);8>%S-E'+'@]<9J>U4K:DE=J*
M.N.M022JT@4?ZQ\'<?0=J%<'H5[N=K:,^4$=TP6"<8],"J$$D;W<D,RYDD`+
MJ>N/I717%LD1BDN?GAE'!BZJ?>L*6UELM5N+^)MRJHR6'*J:FPT[E>U4)J31
M0[PF?E,G0?X5N:K-NM(8+4Q2$?('7.3[U0;[,T(1U$RD<X.""?>IHC#;)G`W
M'A2QS^%-":&W%VUK$MF@5=F"TGJ?2J+(ES=@YR#QNQQFFWE](T@*[""3DCG\
M*;!<SQDF&),C[H/2C=BL]RU(6C#")0SJ,@GI1:7T@GWN@&P8QC`-.6ZA:U9)
M4`DSD[3UJN[,A*ITQD`]Z:LM&3<;)>S1:K&(X058$R!N<C_&FSRVL/FW(<"3
M:`O.!]*GCNT8>>8RWE*060?,*I*#?6DJF/S&`X\O@L.V0.]2]QIFG;2[TVH&
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M#[5)+J#Q*2RC+'`%7(0MS`)$PRMR2O\`2J%Q;E[JWBCR>I)(Y/MCUK:*(:-2
M%!BVC9`5<]3SM)J'Q")SHACY*1R[2QZ8J"6[E%SM1=T:%0`*T`K,LB3@HCXR
MW.%_QJKIC*>G0QWFDK!D,S,<@GJ0>1]*OMI1CL8+B(L9.48]D'O5.WT>Z6.6
M:QRCK(>,<'FI(]1OX=T%Q'M=B?DB)Z$4T(AETQX7:XGDVMC"''WAZ8J2#2Y6
MC6Y5RA9L%0<KGU^E7+BVDO=+0!\$<!2,'([#%9JZC'9W#1N2H8[!&YR,>YIV
M`Z#0-.D34Y$4H<<[=V,GVIVJWZFY"W6Q%1L@)@[3]:71YOL[I+][<K!6Z\XK
M"N@UQ<2*R%CNY8]Z5BEYEJ:2VE,TZ\F094DY(_"J)BC2U*E@5)RF.AJ6.(@[
M$S'@8//-0ND:H&^<;B=H(K-EJP]I5\E9&CVOT+9YQ2+O1TF4\9P0.WO42AVR
MD4>P@<LYZ_TJQ91A_,5QM7;C/K0]")%"6-Y=5C=(E)&<J1PQ^E3WVI7+WI%P
MY,<0&$`'R^V<5'>M]G,;*\CLK'D+RO'2FP+<W">>T;#)(*N`"/RIIB-I4%S8
M*2?WAPS#'04AAFB_>P$L-O3'W:J:-=$2E9MRCD*3T-=`4A>(*DN=K<J.,U0T
MM3GX[8O.'N'_`-8<!:D-M;EY8HL&3J[GH!Z59-W%<03M'#Y:1.4#M_'ZXJ!;
M*XFM6VPE+;&2^>6^M9*2DKHUG"5-\LEJ00Q'S@L3+C@`^E/EM94>X,;(71?3
MOW-+)'"MH#NVR@_*`1GZ&B!&\F9Y-Q=^,=O>J6IFY)E-)5%QMFC!79D$?Q&K
M>]9MMN(F(=,D@]/2I(;-6MP_E[0HRK%NM1LK)<Q[5=&P&(#<'ZT6&F4S9LND
MR,&QL!#9&<C_`/73+"'@03$'HI;'.?6M^ZTQ%\/S36MV%>0$,FW<B^]916WA
M224,)=J+E.0,X[FD"U(QI965F8L<=!U!^E8NKV8TZ5Y((S,1'AT()+9/8]JZ
M&/6;B2+8QCACZ*5X"UD>)M=F7R[:(/)-(!^\5A@K[CUI-V&5[>_TZ:X%G=E8
MI-H!\QL&(?U-61!!;W"F)RX;A9T%8S^%9;O5+.]8*NY<L@R,_7WKHDA^R011
M11^7%G(!_A-"NR;ZD+VZOLDC&]L]V^]3DB@,Q4$(%'1>E7KE=ML+J2)W7<`3
M&.E9HM5DUPB5&6)0&4+5V$WV*%XRS/?;E*0V\;-EAG<V,#^==+;6@_X59HG`
M_<W3*6'O&!5#5[![RPEM(?W4LJ88L.P[XID-YJ-MH0T*2X$]MYXG20H%="!T
M&.OXU,M67%F21+'=S9^;#9X'WAZTMQ]D:VE**RS[5(8'C'/:K9LB7>17YSU/
M&&/]*ADM95NIHVV8D4#U"T-70%>UL[EKF*4QGC#;B`,BMGPX81\5-*BC(*"4
M%2O3-936*00.EVA4J.6W?E5_P1:J/'ND3CH91CVJ;`?1T@'_``D=L>_V2;_T
M..K]4)/^1BMO^O6;_P!#CJ_2+/)_C:,G1\=<R?TKSBQN6MCQSCWX->B_&Z7R
MI=%8CY<R@_D*\MAD69@0I"XY]JI,QGN;LR1W!1XD4,V25%4)=.!;[QB8'E33
M%>2&1"AVJ1\KYK1%S$\2+??-D??'8UJG<DY^^TZ4JCH%8JV1@]?:M.VENGM=
MUPV'+`A2W3VIUUI,K(6CE)C[8[U!##(D)\TAG_O$_E0E81?6=4E#SDA3_$IW
M'/N*N%P8=Y=6)Z;^,UA1"*&X#,)/,!RP0X!K:1/.07'D,L6.`W]:8P9%$;2L
MBG`R<-UJQ:R*T`W-Y1R-H%0[8I(Q&J8P,,V>HJPC"*)4AB(;D98]?I0!I64<
M9VQC$F[.Y2.HKI+>54L2'4K$G(VBN9T^)4LPZ[F;=@EN,Y]*U-R?V:T;/O&[
ME&R/_P!=`S,UN;['JAOTP\=Y;-!_NE>1S]*DM]0BFM[4!%RL0)SU)]:S=?AD
M;3'D!!%O\\:=<CN/RJGJ%P(WLI(5#BX@4\'#`5@E:;C\SOJOVE&%3M[K^6WX
M'6:C*'M(V=U)7IALXKD8)%^R/`F];F&0DKZKG@BHO[:6)/L3QNLC.1NZG`JU
M)$LEE'-:2A;F-OW;'^1]J)*<6I1Z$X=TVG1J.RE;7LUM?RU=R&^M)KB&-9$<
M[B!P:?;6PMHQ$V!N;YG)X7T%:!N8[^#S[:-C<PJ1<6XZQMC@X[@^M<J]Q$RF
M&X:8R*^]XMN"I-=$9J24D<E2E.C-PGNB_+J;R:D8D4!(6";L]/>K3W:I;K.K
M&5E.-W3<:I6D(N?W13:9&^5B.<>A]:LK810SO$Y^0@%H8V^ZV>OTH9"--Y&N
M+%=H*J<,`O&T_P"%4GD5XC*0&V_+[9]15N"U>02K"0\*D%"#U'<8J.[T@2LZ
MQ1AHE._(8\_[.*D;>HUKH(\#"0/YN,(O8CJ"*M7$K123A$#M*JC'UKGK*]BT
M_5F6\!EV9)3^YZ#%:,FI+=7[QP$ID+@`]/:@1;AM4CB.Y57&,*#T]JS-8NTB
M2*V^Z1G`/3/K5\LB*H&<#CGUK+U2S>YGCN&(*(/NXR32>Q2>IDB40\QQF4RM
M\PZ8]ZU+*/"&1AECTP.<55M-SW8"#:02O`QQ5B^>[MWC,@5XR<`CC'N:@ID$
MD,CEGA53(#D`GDCTI\4\I`%PF[(]\K[4?*U\8RIV]G!X/TJ:-"&*PR';G)W=
M1[U5M26KJY.T&Y%"$(#@LIJ"$);7)G@Y8\''^%654KDHZ'`Y+<9_"JRP2"X_
M=Y:,]P>]-JY-A[-!',PVM'&Z[UV+D`]\TV7[(T4:RJT@#`[QQ6KI,L<%P',*
M2!>H8<-69J`^P:LTTB&6R9]VP#!0$]*RE)P:;V.NA1=:ZBU?HN_H7R;5XXYS
ME(N5*]=WM0+E;20"&4+&?F0$_=]>:;</:ZIF.Q&(>"J*?N__`%ZK%ULRFZ+<
MR'"G&:V33V.5IIV9??6KB21(IV,D2#"$=/QJ_"MM=Z<L<L8\KDMWW?4URUS/
M(UR#.=H+`E<8_'Z=*U+!V5T16*(3D8/!IBN37MI<V]H8;&+;"?NY[5SM@I.H
M);3H7(8[PPXQWKL?M/EG9(V[GH3G-9LK+-?2SKPNW8`/3ZUC):FO0K/"UO'_
M`*(0B?P]1CV%/:6'RXP[!KCJP_\`KU5NVN/+:""7##HWK4.FV%Y;HS2H,$X\
MQN<UJMC$VF=8;%<6P$A;._%-T^X>YE:.5OG#[L$<$58,,L:(Y0R1;.HR`:JR
M;X[H,N%?/!Z8J#5-#CJDEL71'."Q"DGD#/05,EU";;S'C!<MD%SDY_PK-;>+
M)OW?,<IYQR>>QJ8`>8IM5#Y4;E)Y)]:I,A[FN]PI7$2Q!B,@>OXUSEYIM[->
M22?9T.\_.<=OKVK:FL0%\U4VX'SX.-M2V%W):.2V#`.6#?-N-4@&6$2Z3';J
MUXLIVYV*1A,]C5::<3:DLL(VY^7Y3G-+?6XU)YIX;B,-C)CV;>/PJAI1@60$
MR_-&>54]_2@1H89+B1-QY.`Q'Z4DR9ME8Y4*V,YS5NXFE>Y5X`/,'0^OM3)X
MY&A^T3$$R9W+V!J6BDT4-JB!(W<JP/!49W4J&.6^^\0?N^@;BEMK=6MR2Q,D
M;<'/!J&1@C%V&5ZCU!H:))KR2%;N*,D,X.#GH!CK4+-''<;""5`R2H)!ISH'
MGCD5AYI!&QNAXX_"IUL'-K\LS6\SKRR<[/IZBJ`@0J\WDK,(I6^=<]*M&^V3
M@*I&,;L'M65H>ELWB22.YD\T^5ME8MQ@=&'I5J-)(YID`/R2E!F@"5K*>`M<
M6K>?`[[OLK'\\>AJ];ZFEW9E!,8<G#0'AU([&H8Y&,93:0<94#K[U2NK+[1,
M'M25N57)D/)(]".]<K@Z;O#;M_D>G&M#$^[7TETE_P#)=_7?U+,XMU1MR/(Q
MXRW04^%@H5"0OEKTZY)J.*]WR+;7,?D7*#<R-T<#T-9#Z[.FM?8EMO+4'B5Q
MUK:G)25T<5:E.E/EDO\`@^:.@L+P0R^6LB/&3D!^@]J6\2?6[Z5K=5+\+MC4
MXQ6,9_M=SY+Q%"F6YP`_O4.@:M<Z-+<3O<RF25BFXG(0>GUI[,R3-\6-Y!;.
MD:L_R-NV@X7CH:I"*X@W0W=D2-@._/\`A2VVKO=Q7#`2[AN9C&2%;Z\U9AFA
MN9/M5O/)',5&8Y#E&XZT-W*6BU,J[LH3*J(PCD^\Z3#"?I6'>6=SH^I1?;EC
MN$=?,C>,[N,_=QVKLY[61'\Q&\F\8</@'\>>*YZ\%S'I]PUQ$US*&P91PQSW
M%2XMB<B>Z9K^""X6/KA?+0?/CO5VX3_0PIR>.C?>4?TQ67IVI1I'%9.S1;Q@
M%CSD^]:=Y+;:=ISW-PRD^60%S]YQ_#5JUKDH9BY@MD+2^?&5QG/Z@52.H;/O
M6[%2<!SP35+3[NYDT^$W2G>YRJYY`K9^Q+-$DK*2%&/=?>FMKB'7)+11X;D$
M#<3V/;-4&5]X,B*8XVPQ:K<=OLW">8!3T+"JET7>.6*)\\\L1D$5!<2JWFKJ
M)\N14A^_N7DK]*;/>-'-(+?`=PO)/W>M9TR-B*5MR<D,X/`'TK.:Y(UE71@T
M?EA!D]2>]2U<LT?+:6,+,22Q#,"W7GK75^`D1O$^GR*0&\\8^E9MG&&TSSIH
MDDD4`$-U],8K9\&HC>*=/-M!L3SU+C/0TGHQH]V?_D/V_P#U[2_^AQU>JB__
M`"'[?_KUE_\`0XZO4BCRWXRI%+_94<JY8^9M/ITKRV*"6!"HC\Q>2,#]*]3^
M,8#2Z0"">9.A^E>;3S,$54;!`[]*I;&<E<KLSB505''0$]*M(%V$3J7#\A>A
M!JC")1,NYN022>O-6HKE48LZNW(!)Z4]29%R&YB?I,R87[M/FM-T.Y(PZ9R<
M=_6LIPJ7>Z)'*GL`:M6MY+&L@)PJ],CM5J]A<K&V[B222!5$O4JNWGZ&KZ&:
M*W5,9?@'_"DD\EH$FM@RNW^L*\`GVHBE$FPR'#D]0O`]S[U1(Z5#&05)5NIQ
MTJS9Q&>2-'8!&.%W$X)I#:%L[7\PD`<$XK<T+3H8W26^1W@`SO7^$^U`RK/"
M]M<)"RE94;@`$J14,LCA6R2)#P2IZCTQ6I=P>;,SY:0EL[M_05@W=X?->-&_
M=IT.,\T-`)J\BMIXBDEP5!&1VXXK/@BM;K3HH+ES]HM!LW+_`!(>1_6K=Q<>
M=&Y=!(JH<C;@GBJ5L(!J-NXMW(4#>A_B&*RFGS)K^D=5&I%4YTY]=5ZK^F02
M1V\=S`D9'R`OEOX<^]5'U"6/42D!D8Y^;`X45:OH[5]1FMKP-$S?-"X.%(^O
MJ*SM-BEMM1G\]PR'A2"#SVK0Y[FS:7EQ!<+/9SK'=(?]9U#CNK>M:<FIV6J$
MSK9PPWJ?>'&XG\.HK(N+5F1EMV,8(S41@VQI/;R;7Z&1."#_`%K*47%\T/N.
MVG6A5BJ5?IL^J\GW7XKH:5M?^7&L3HT;!MI/'`]JT$@A3+QJ<E_]8RXWCZ]Z
MYHW$SLT4NW>1]X=ZN6=_.$*DDQ)E2"?U%7"2FKHYJ]&5&7++U\FNZ-";4K>Q
M+DN0IR6/;VK(UG6;E-'>('RUE((=.2OM]:JM#/\`;7^U8>!,,A)X*GMCUK1B
MBBF@PR*8F4DGON]JLQN8NE6TDUR&NR#+G!YR7],UH?8(8=7>+S3&\FW9MSE#
M4]NT2.1%%@*?E<X&]JJF62.YG=(PT^T;789`.:`W-5IVCB47*[S'DMY9!R*M
M0LM_:*]HXYR-N,;3[UF6Z,T7^D*JJP^9R<;O:L^*^&D:BK6DN87?#Q+T'/4>
ME`[,Z%--2WC!F8M./XQZ4^>QANT(E!X'0CJ*M[H[B(2HP*/R,'K52\NQ:EU2
M/:@P-Q/6CE#<SKV!(`!P0/N#/('O5<%C&LFTC!]*A-T\]W)YC%<-P<<'\:E@
MGFE?RE)"#^(]Z5D5T+(RL.XD,1R>.<_6DMQ(VYB1C^[GI21LAD:(OO\`<CH:
MLVL!4%XMH#=<CK01N6+'$B%<X8G.<=*I:R[M"1]^4N!P.U6+0""_E+Y,;CG;
MVJCJD32/A"`H;((ZU,BHNS,^!VT^<74."!]Y#V_^M6LM]#?60>*11.A/[G&3
M^=9+J(R6=MW;`K/>Y:SNHYH<AEY`QU'>N17HOR_(]+3%I]*BZ_S?_;>?7U.B
MF=;B$)$I20?>W')%*@@2)$5G#H,DD8`Y_04V*.WOH/M=A<B1W&7`/(SU&*G2
M/RUPAR<8;=T`]0*Z[WV/-2U+%O<P1XWQ@L!G>IR/QJQ#;)-&)!(OEEL9S@C\
M*S[2UB#1^;$P4L2S!N#[^U:MNL!DV(@.3C(/%$EJ6BEJEM%%>XC.Y&7Y2!R3
MZU:DV66GQB6<,O41D<4_4(?LT46UP\T3'=@9^7MBLV0)>1I(?WT:$CRRW`]<
MTT^AF]R2[UA8K+>USL3`&[/RKZ50DUMW6.3R9F96Y"IE6]#GH!4DCQ@;3&C(
MO`C9<A?3-6H+BU+%)"J>:#OW=,#T'8T[:",=M2N5M7FFBG,8D(8!1A2>>%J:
MPUM3(`J.CH-S[H]N14D<SG?'(0]L[G8Y')&>F:FL[S3H[AK:XACED*G:"V-H
M^E9N+OH!%+XD=KH0QQ*\(.25&.?>K,UU]ILQ+&RB$G.<X)_&HTT'3)K@-"X+
MOP8R_`_"K-YHZ0:1)"&=!M."O;_&JBVGJ!%93A)@(P=K@@DMD#/K5.\TV>PE
M8V95D/S9'!S^-5H;F4^7%;2!7^[\HP21U/TK6M[V1EC@N!YQ4]<=N_-7N[@6
MM-6:\B@(*QRD9//0C^M6IX6>&/S)2YQ]U?XJLZ79"6]"EHTA925.?E^F:T8K
M2!;2=`5,J.&7/4#N*)@D8,EO!:6@FV[68_\`?/UI@@BD<$LI1AN"@9)_&KMP
M0\AAECSPWRCG)[<5$C0[XE4["(L"/;RM..VHV9<,327L4FW*AB5+>E:Q^6T(
MR"\1P3C@UE+#,+LI#(NW>3Y;9R#4D]S-:7(\T&.)@&)]1Z4D`RUB,VLS3QHT
M2I%@L25!;T'KQ5*RU6-M4O+-@3O.]"!T/>K<5_"S2)%N4R<$$X'M6=I>E-_P
MD5U)(`8W`V?-W^M,1LK\J]ED+8(]![U;4-&%4+@G[C!>GJ*2UA9Y#O0LR8SQ
MVSZUMSV>+=YX@$V#`R>14,I-',:O;3S*@2,^<K9CD(Y^A/I69>64&J60F1-M
MRI`;_9([5T@MV,:S-(&9A\V3_*L.\B;3KP7EN=L1.)$!_6L9>Y+VB^?^9WT6
ML33^KR^)?#_\C\^GGZF%%HNH_:EN&D*KRH.XX/UK8CT>>[MW2\0J"XD(/TK8
ML+@&*-G4?>STR&'8BBZO+N61TMCO5O[R<C%:;ZG!RN+L9S.UM"\%FQ4+&><=
M>*L6UVRZ:KK`AF1=KJI^8>Y'I4S2)'#+YRAU:`AMHY!QZU@R[HIPT3LZN!G;
MR<8J7Y%LV4UUK2*,7$0D@/!##!4>QJ\HCU>!5L71BYXCE.TD?6L:ZT^:\TX2
MR/A<8VOV^M4H;JYM1"TL3P-&<*4(QCM33):'ZQHI2X\^WSY\38$188'OSWJG
MY,=X@2Z9UDB/)WY##W]:U)_$=FMO)'=CS%?C*+AP?7GK5:2UMKF^0V4T3,!O
M5'<(3QSR>#CTK.U]Q-=A4M]TA1`,HH*[AC\>*MR3R?9Q&)BA`P2XP,U7?4;*
M.Y2`7`DND^9MO1%'7)JLUV^I:DPM-PMU7`9@,,?7-;WTLB=3>:8)I<6P+,Y(
M&2.IK"F6Y-WE-S=RH.-OX59ACG1MKM^[)X3H<^M1W]HX82*CHQX8YSD420UN
M8^HA@DT<G61><#&,=N*Q("N=T<1RH7(;YL#-='=MO=41%)4?,?XC5"R6#-RS
M1;Y2G&YB!WJ30M6>J6ZF:W),@<AD(X`]<FNE\&W.?%]A&@54:9<*HSGGUK@S
M:"%7N"XP2!M/'-=IX&E7_A*M+4<AI@1GZU+&F?03_P#(P6__`%ZR_P#H<=7J
MH2?\C#;_`/7K+_Z''5^I*/,/C",OI)[@R?TKS.:,DY`(V^O>O5OBF@DGTM"X
M3=O&6Z=J\OO8&B_=3\+G!;\:TBM#*6Y3+$R(%_B.015E5FEV(TB8]UYIC(L<
MBL%X`.W(Z^U/CD/FQCRL'@]>*=M1<Q(TOEQ!G0G9P64X%5X&2:<C.Y2VW)_I
M4[B5X9K>-P'!W`$=#3HM/EML-+G=MSDC.?IBJOJ/F18BA#$QCE6^9N.AJQ]F
MA>-,<DGGMGZU1M;@R7)C49P>"#SFM-MA&YH"5Z$YZTR;W+]A)%+(J>08BF,D
M?Q&N@6=(X63R\QD?,0<9K(@B2ZME-LP#>A/Z4DS7-N,2PL85Y(5NOXT"L0ZC
M)Y$0CT^4+,V3R/X?\:Y_RVCE=58H&.2!SS5ZXDCO9C++NC/18P.<?6DB"HX=
M.2>H9.E#`JN@@BD&\NP1OF]>*IR&;RUGA:0.JC//M6G?,3;R[/+?Y3C;U'%9
MS73Q6T:R)G*C`/>HEM8"!O.EN%CN`'C"\!N<9J&6R1//B1"N\`!E&"*WK'3(
M_L"WH.9F;!&.`*;+`"X>1LD#G=VIQVU`QE22.$@.RK@#=_>/I0T;>1O!<8/4
M5I36Z^2JAL@MD51NTGMU$3C]T3P2.#5"*$S[)3.J9!`5D8Y!]Q5A+QDC2*)$
M;(R@']:J"9)KHQN`H0XPW>I&2-?-*OB4$%&48R/2L&IP;<5==CT(U*5>"A6=
MI+1/R[/T[K[A+R::>81S?NT!&[`YS5@22"$QJ^(EY]"*SIVDNIQN!$F,':,]
M/:IY6VV,I=_W6`K8Z^]:0FIJZ.6M1G0GR37_``?->1!)>K//(DLFZ)3P,XY'
M85)8R&Z:6ZE?#;5Q"&ZG-4+F)4A=K*3,JN'.3U`I^E0RB21I@!YF&&.P)JC-
M6-2^U*'8#(04#`$"N6$ICURXMH=QAG.<]"G?CVK;U%([*>,[`ZLPRS#<5.?0
M4_[%8R2AG8-.IY(.,'TH+N;>GWJ?V:L8#0L@)WYR!]!VJ@-2:>:42D,A7YI3
MZYXIC3VT=G)&\@1=V'4\<>N:ABGCNIA:6@$<)^8N,'.*8K:W+DH$*@'#J>=Q
MZ58@9T99499,CIUQ[FH0(?*>,,KG/SC/`I`HBE'D@8*\.!Q^5%A29HR@2'S%
M.,#D`8S3;>\D8HCJ5(X"CO\`6DMYAM_>?.,8PO:GPV\JS+/$IDB8Y''W3[TB
M2[%&BN#*Q!^\<'@56O\`;L!5^K@CBK$0=[IQ\@8(3AC@'':LR6075TR?-&^X
M$H1U'M2DTM'U-(4Y3NXJ]MRO.ZF>3=#\I]L&LK459O+"+@!LAL9VUT%S,D<J
MD@R,P`93_#]?2B1;2Z@6.!2)2"V>WTK.45)6*4I1=XNS1SEM'>QW:2:1'(UT
MQXCC7/F^V*]`TF\M8M<L;+6M&EE23;'<2.&79(S;<(,?-M/7ICWKDK/4+S0]
M1BO;!F@NK9LY(SG/8^QKUG4-=U3Q7X$CU[PK>SPZA:KA].AB23S'Z$'(RN1W
M!Z5STO=;@=F)C&:CB(_:W_Q+?[]SFO$6@W6@ZF]GAQ;,^Z"<C[RGL3ZBH+:+
M8P3<'7NV>374Z+*-9T%=$U+S0L8`@U:XDRMS<'EEB4_,RCD;JYB]@ETBYFM;
MDA71RK#'7_\`774M3A:L]QFIQ*;8S(Y9P.@[^]<Q'-\[JL1$W)*Q@X(]372I
M/&PVJ"H4$A!S7/Z4S&WDEPQE\QOO<=^PJ=>8F26Y(ENUTKQS,L60"%7KCU:K
M7V".5MAN(CDXX7D57?SVN(TP%$@96)Z@]A]*?81.D209&Z%\,V1@$_6MD05)
M?L\=N]H\DOG)*P1=W&/7..M266BV8F3>I9I.9)SRSGW-6(;43:=Y5R`WERD$
M=>I]:E\E$\H1S,N.-F>E+49!)H[6UWOLM1:.4'[LB[L`^E37&OW5LGV:^L"=
MO`F/W9#ZCTJ8"(S+([XD!^_MS4.M3BQTV2ZE`<*.=QRK9XQBIDM"EKN4;&VE
MNMSM"(T9BT;YZ>V:="L5HS8N"QW'>>K-6+HNM7,8%M=*!9L"H(.-H-7O,EMY
MD*MNMY6`C;C*GTI0E?0EG0VUTTR;5+1QQ@-M;IGWK;!9T61G`<C:67@8]ZQU
MS!HMQYNUV=`<*,%?>MFR\O\`L=9GCWLQ78N>6QWK9K05^A2G5VOHW;:A4C#9
M^\?>JS/`MY(7Y",<L#C'X^E:\\#,A60?.>2JCH/>J5]IR0V,T_2$KM<$9)/8
MY]*C5%$4XS+;72;1O?#$#D''>EUV0?V?LF93)"I92._M5"V@DN[B*VD8F.0L
MNX-]T8[>],F5[:XC@G0DQ-R'ZNO;ZTUN)NPW3(X+B)9KDD>8N<J.GM5BPC">
M)DC'R[8]R_[0/'X4FFN;>41M$60,2D9[5ISK:PM%J$<1$HD".H/53V_.M3)W
M1.OGI=S0K,%+949/!]ZSI-<A@QI]Q>K')GJ[?-5OQ$)(X(I[:($'@#/-<IJ%
MM;:A-OG@7SB.1NY'XU,HV+B[G20RQ%"4?/\`X]FH[B`O:22/&3&RX4,/E?\`
M&KFA^'9&\.MJ=J#>1PRJLEG$"S%<_,<#GCKCO6SX<F_MK3[CPUK5XT\_^LM<
M0!3:*,\OC[JG^'/-8N2V-8I[HXO3YI;9FT^1?W>PO">ZCN,UIV921X([>%S@
MX;'4BJ^KVTV@ZC%%<KMEMIL'(X*GO].E;$=NIV2)*JL?F)4]2.E94E9N/;\C
MNQ3YXQK=9;^JW^_<9J.D7":?/\I:,QD``<BL+3[-HY$CYB9(\;G7`)Z]377R
MO(^G7),[K*4;:<\,,?I7*SW%_"_E32,Q(&%E^8;?QK5HXD[F;'-=R32*XRK-
MG(_BQ_2K,4:7&%E96D8\1D]JM;H)+D(;9DVJ<21]33K?3(I9S/:7.)@N!'*"
MN3]:+">QROBK19'B2XTU26A)#1@=3ZX[USTUO#-<0+-+*_&YE'&#Z"O1+M9[
M`I)>1LI4\`<X)[^XJEJD=I!I\ESL03)\RX_A:I<%:Z$I6.?T?099+66\@"_9
M''S&7+.`.N*T]*LK5[8H&D\M'."P()'H*O>&)R-+N%8,JAB2<C#$\_E3K[[?
M%='[-;B2)4#-EAD_0=Z5-!)$4<T4=RB\R`$^7<*#C_@6:LO>;FQ*PDXR5"\'
M_P"O5;2IY[M;FRO8S$';"H#\P6I9XH("(P>"VTY;'2K;"*,&[MS;73/&QD#O
MO7'4>QID?F37SR1@<*&,?O6KJ`?[8DF-R1(,.HR![8[UG7LHEOGDPN^0+OVC
M`45%];%E*^8SOAD:)9"<J1D(?K71?#UC_P`)9IP;DI.JEATQVJE:*^V2)VS;
M2)G?MST]/2M'P(N/&%C,B%8_,!*=3UI@?0LG_(PV_P#UZR_^AQU?K&M-1@U'
M7(I+8/M2WE4EEQSO2MFH+//_`(F0F6XTP[-ZQ[V8?E7"7>G75U(JV:QCRVS\
M^1O'MZUZ5XU,:ZE8-/G8J/R.W2N-O;;RYXI(0PVL3E5R,&M8F<MSD]?MC:ZA
M;J^8W<9(%-BWRK%&%4[3E21_6M3Q`MQ=RP.Q5FC)4;AQC%9]J-J&5LAMO'H*
MHS9I2Z<9(3-"X,I(+1`<_7WH2;Y=I.W9P`V*QXM2$5RRR7#?,/O'M5E9U:Y*
M,"HP/G['W&:8$_E+:L5@09;YBP'S5$)&F?`DV1!L9)P=W^%.EFWG&[&&^8CK
M[52^9@X7!9CDOSS0-FS%'/81C<=RN0`Z<\9ZDU=CU959DFWG`QN!SG\*R[*<
MQHL4F&'^R<9ILMY%,XE'R;@0P09Q@T")Y;N.[F=98AA#C('..U20PJ0"@^F,
MYK+2>X-T[Q-Y:.<@=-V*E-QMF$K`[F.-N<"B]P)]1C"PR%5*OL/7Z52MED^3
MSDCD4*.>Z\4^XN2T$@5BR%#\C'H:A29&BB5HMA*C.*3`O?;94C\@.NQ3R,]?
MK56\#"W!5\G=@G/4&J]VCQ>6ZJ-C':2/7UITL6TY7)!;&2*A-@.GWHJA<'CF
MJ4D[S18:0<$$9ZU/=<R`(2K#G--MB"3$Z@D]#BC6X)V,RYA\R0NQQW!'!J-U
M>'8Z2"1B<8/85:O&9I/NE2GW01T_"I_#NCR:[KD-BES':F9\%Y.@'M[T-M,2
M*%LES<N(K6V>6Y`)W0@LV!WQ6?J(EAM8Y(]Q17Y4C\Z],6VU#P%XKCF79#`9
MEMGEF7$10\LR_P`4DA&.,#&>]9'CK0;7SEUW1B&TR^_>&$,-\#G^\O4<_ETK
M*3Y)<Z^?^9Z=+]_2]A-ZK6-_Q5_/IY^IR,4JO;EE1?,'W2."PIT5P'+R([I@
M`;<=?I6?*[6ADG*M(5QN5>I&:@EU6*5WE_U8V@JH/-;IIJYYTH2BW%K5%J9Y
M;AY4M4(D4`N^0<$]L5);PS+)F1<J,;6P,T:>%9X[P@L\B]=V,^Q%:EVL*VXN
MY6XA!8",X/K3%TL8%[<->>=%.C$(V`3U7T-:>E1^58QSH[-(^1(I`Q['Z^U4
M+*5Y]95XFVHWS,9.2,]JZ.6,D8B*+CG(&.:+%)VW*T:+,'9<!F`R3_$.]78U
M6".1V<JI''.>:9%;,BF2/Y]P))/:K&]7MHI(8%98C^\XY)_PIB;N0Q,MTZB=
M@@<G#`]*NP0M9V4@FE\V,\IAN_M65=JSW_F*0H.&&1@`5:MYO.D-L03D?+SP
M*!6-.U?>/-&'&,8)YJP^G!]/!>01.S?NY4^\OM60\ODJ8XU+.O4@]Z1;UF`G
M9F&QP2K'BDTI*S*A.4)*4=S1BLUG@F6Y`2[QM=2V`^.C`4VVTV>U(.]0GW<]
MB/:H;_\`TVW^T1H?/A&Y7!SD>E%IJ(F(;YAN7IU!-81O%\K.RK&$HJK#KNNS
M_P`GT^9+<V0N+L$+\V<$#N/2M'PCJ@\*^(V5(V;(_>(IQYL9_J*HI/+!(LQ(
M:1<\;NU/N+.XOKM!;,%FX>*1S]UO0^U3..TH[HK#2AK2J:*77L^C_P`SMM6T
M73;37M/U(7C:=HLY,IOOM!_<-U\E2?EA1NY'4\=ZDUV_T+QE'?+H,OF7^EHK
MS.\)"NAZ88C!]B*I>$_%UG;--INNHR1;>8)T!3>.NW/!%8KZYH_A[2+NTN#]
MEC:9IEC!"M.Y.>F<X`/3I3C)25T9UJ,Z+Y:BM_70K(K6BB=SEF.2J]E]:J0S
M0SR3CRQ&JME)".I/6L27Q$-2OBEF6AB'\38R15R2Z62#[*7(5A\I`XS5J2.1
MLO.MO+-'Y9(D##YOX2:I8$-S=0RORS%@13QOB1HI57D=1U'X57N[-K]MLLGE
M[1@%3\P/^%:W)]">WOUMH1"`<N^T@]L&II6DSN4#'5L&LI[2;[+&#()7C<G=
MZD=<^Y%7!/YEA%+#$PEC!W9&`V>,&J3L,LV3&0>9*P+=6!]*=<1V]\B13J2@
M<284XR1TI--$9"NZ'?CK_#]!4D\*F9GBPJ*00I!`XHD@*D6G:>DK?9K2*)02
M>YY[FL[77_LBQ%Y:B&:",@20D<@$]1[UL3!(M\JYV^67=36+J=@-7TJ2"/:&
M90T98\`]C64DDBEW9I:#KD&N)YVX11J"KQ$Y*CWK:CNH<DVTH95!*'=PA]*Y
MOPGH$]AILOVA8C<,^WS$.01Z5MS:%'<V)DB40W,9!RG5E[@]J(N7+<FR6QTF
MFW,5TXD<#$@P2.<FHM=N?]`:&%5^?Y"S#@^U<);:@V@:B`L<JKO+O#(?E(]1
M[U;&JOK?B\BX>:ULT@S&BC[S'O\`A2Y^Z'<UC$D=[`DL@V`\!?6G:I8W$W[T
MRE5``4G&X^U9\6CRPSI$;B6?+LR%SD@>@-6);PQ7YM+AMXE7`^H_E5\PB-&;
MR%CN3_I"M\KAAN-7X%-U;*CR%94(/)X-95YK&GQGRY4B5XC_`,M3C/'8UP.J
M>,=1MM=W6OS6Q.553G/MFME-6)4+GMNKW4,VG0)Y/EE5^=_X<_XUPFH6L5L;
MA_M!D:5.#T*UP]Y\2[Z=C"8?W8X^_P!_6JEKK\VK-%;/,\<N_E]WWE]*%.+T
M#DDG<]!\!>-W\/ZU#*[%P3Y<R;B/,7^617?^,=&1[S3M:\.VT*Q7.X((U5(V
MD;YLS-U)R!M7[N[&:\KT_13.S"X.W*G;*!P:]C^'$EQI&FQZ;?M]IM7;Y6D7
M[I]>>U92C?5&D9#/)?Q1X9FT[4BTVN6D`E<R1!)9(F)QN4?=.01CVKSQ[JZT
M.X$*DRQYPF\8(]C7I9TE[+QBEC9%Y-8NS]KEUF\7*E`?]7$H."0.,'IUJQXN
M\.V.NPW5QIEQ;S,%*2I$RML?L3CH:YG&[YEO_6AWT*J7[NIK![^7FO-?B<_9
M3EM(=Y@"[Q'Y<?=.*I2(8(4EG`F@V@*?XH_<5#8Z@+;01]IRV(B"/1AP:LI=
MI=6_V?;MBDB&*Z5)2BF<=6FZ=1P?1V*LD4_G[RZ>4ZY27L]98NWDU!8D0%B<
M>9'QD>E;NE1I#(]M\LULR$+'*<9_P-4[CP^]M_I,29B)#*%/(YZ4B+V-R:V8
M::AN8Q,,;BC+FN4NM%TF_DD>]298LY^SJV,?2NGS=1:>GF':CG@'M6;+&KIO
M(1ASU.*JUQ&?<0106Z-:P`(%_P!41G(%4)#:W921#F0?(>S+6M*[RZ?MA8*Q
M!53U`-8US`+5DF"H\SC#2`8S^':I=]D#9.K16\QF5G+I@;2>WM46I,M\4EA,
M<31_=!8_,?Z5&)XY-K3Q\J.2/2H+QT^R_:`2N3M4*O7ZU-K:#6HMFS&$1EA*
MHR0P/*GTK'U!&AU-)<,L;8WX'UQ^%:]MJ`BLMHMT3=C!0<'W%4+:3^UY;N:X
MF&V/`"-Z#L*"Q#?;U6UC"<MGU!KHO":QC7H98QEV89!X"X]*P$AMC<0L;8!1
M\H93R3Z5U7AVU5?$5C-',5^<?+C!I`>I>&5$>LE4?>OD2')`&#O3CBNMKE/#
M,ZW&J;TA6`".9=BDD$[TYY`YKJZ@L\^^)LQ@N=.<RE%(<$#OTKF8M9BDC\L2
M%B>YX'_ZZV?C#>V]C_9CW,;2`^8``?85YS"\5PB21M(H(W'C(`K6.QE+<Z6&
M2*XNPC``9.5?HPQ535M+^4/;%0"<A`>M2Z>T,[1`L`%S@CDXQ5A[B"6W:.-D
M8(>&(P:LDY:9`MP7>-0R_P`/'-59[M'`AD8\<A._X5L7:1,Q9RJOC(;%9\UC
M$RK*5'F9Z@?>%`BO]L2`<2Y7N)!C%6I'NC:I."QB()W1^@J&:V@DC'G*N%/S
M(00?SJ*X#K'M166/IQT/MB@+6'17@E18U=I">F1T.:FCA:*8*TD@0XW@'^OI
M4%O;)!&TQ;RR!DL>@J:"X\V;&#@+DNR\2?3VH$7ECD9PH9]@/R9YP/K44A;[
M;LE`=5'KCGZ5;1O*@?;)M..#GI51757WN"SD8)QUH&BM>LP@=7S&NT_-Z5+$
MC/;PA7Y"C#=<U)/(DL3Y`W;#P>W%((_+BC(X^48(/2I:T*TM8MJIFMS$Q`]2
M?6HM^#$&8;D.=I[X%$<V48'&>YZYJMPU\P1L_(3@5%FB+#)G624OT.?O=!20
MH3-ACL.>&!J#<DA(67RVZ$'D9J6+,<W#\CVXI[L"35%=9U)))'0=ZPTO%DN3
M':>9]H1^&`(56^M;^M,\=G]I@<>8!Z=#7-64*6V]G)7>,N_N:;6N@'KFG7S?
M$3PA'I4TJ1>(+#F.65`1*H^]M/8D<$CD=:JZ=-I^AZX-&FTA[V'4@T-V^]0L
M1#XQD_,[*.2P(R.>M>=6FIW^F:K:ZAH]QY+P2#+9_A[C'<&MGQ;XM;7=2^T6
MEE'9))&%E9%`=VZ,Q;T/3Z4N74U4^YE>(M+@M-8O(M,N1<6T4I$4H[BN.U,K
M;W@E=`LC8'F*N0![BNR$Z#3`_,GECYD`Y8=L5SURD6JQ2&!"`#@J>H/IGU%8
M6=%_W?R/0BUC%;_EXO\`R9?_`"7Y^I-X?PUREK=;1,Y+QS`\$8]*UIHTA<0S
MKNC`.>,CBN8T!R+\6\K$R6Y.R0'!`],5J7]Q,DD6#DD[2">I(ZBNJ+TNCS9*
MSLQNG?OM9O$ML-O.<E<;?:MIH7MY&D+^:JC!3N3]/:J^G64EI:!FVJ2<O)W)
M]ZLQHT-VSQR%UX//0TR0$\GD[`IW]R#V]*EM`R.?*;*L",9P:@8^<W+]!C&X
MBK4#QQ;7E!`7K[T`R.[M4F">=(5*=BW&*HO.R2`6K>6Z'&_'W15B]U!);A65
M`%=L$GK[$UG2$0WGE-D@G=S2N&K-%[R1G\I7028!W]2?K3+E"[AHF1\$!T3(
MS_\`6J"ZC0XN$(5B,,PZX[4V!F90LA#QM@-@8S^-/0KE1J6]S+;0*"2(\\*.
M<4UV-M,;B*0F"0_,`.4-9J7+6ER]O)ED9OE#'^&K81YT1%D6-9&R<C@^U95(
M\RNMUL=6'JJD[2^%Z/T_S[&UIDT1;$O/&?<BM%0XN$E=DV+VS@C/M6#HK^1J
M*Q7`!:/(7_:JY<RM)<26WFB*5_F![8I1DI(5:FZ<K='JO-=&:>KWEM>:9-&%
M$P5#C(^Z?6N+^(FEOJWA:SU:,JUQ8Q@,P'S%/K[5OPBXLFDW1>?&R[6<#(_^
MO3[);>\M9=-O&RF"JY.`RGI6,E:HGW-U)SPKBMXN_P`FK/\`0\IT/Q';64&V
M^@9Y58%)D/;N".]6KSQOF0_9(&`!!4LV.:R/%.AMH&O3V2G=&IW(P'&#6.,C
MD?6M.5;G%9,]PL+S[1IL5Q+_`*.TT6XLQX!^M5K2ZBN+UX1,!(5RC;LGW-4/
M">MP:G9PV.HQD3A.%Z!L=A6G8PI+KKR31JJJQV*1@K[&K@[[&35B"PO!#)+'
M=,$C5SF1FP#S5EO$-E&),Y4*<#=T(]O6K1M-/\ML6J%A,Q4L.-V>E9-[IK3;
MBT$3LQ.YX5P5],5H[@74O8?/5[><;Q_RS!Z9]JT5O7FO8V+":VV;71>3G^E<
M?!X?:>SDE8,S#.9`<N?>I;"2]T>V>V\ML.V`Z1]1Z$^M3S,+'1:JC121K)(N
MR9=B)G+8'KZ4:<8X#Y;M&4/RX9NH]*RK:SU"\U&-[FY!M>J`+\P/UJ6\AN4\
MQ5^697Q'(HR!^'4U$YI*[-Z5*51\L=_5+\SJ-*E@OH+FVA()B<;4#]>^,U>T
MZ5XIYHAO,3#A0N<5YYI,E]HE^[Y:<R<R*F$Y]E/>NYL-2Q*3&QB4C<-W\+=P
M1UJJ<XS6A-2E4I/EJ1:]1=8LH+F#8(S)+(.>/NCW]ZPHX9M/FC79*T#*?+9R
M`T>.H]:ZF9X04E9QM;[S*>"*S-=MC/I,BP2!'0AA)TP!S1*/5&9*DJS30LSA
M7097;Z?2J?BBU:;PM>7-BFZ^@&Z$[<$MD<5Y5XEUC4=*\2?Z/J<KH%!!3@CZ
M=JT(O'>H:D%B60E(\2%<X=R.V>E1)Z%)=3.\;QM#-9/=1M',8U,D1;*]*P;[
M55N(TCMX!;JO7:>I]?:IO$>JWVK:B9M00H?X5*X(%8].XTM!>6.>_J:OZ7;W
M+W\(BC.[<""1TJ+2QNU*%?*\X,V/+QG=7O&B>#;;5M(618/*N1'_``COVJX1
MN*4K$&D7$;6J17.U;@J&">N/ZUZ9I$3ZAH\)C;;C@D5YW9>&7T7488M5+&Y.
M2<C*A/KVKU31UAM;:.*S&T,!CCK70]C&^I:O-(L-:\/BPUI'D6++1NLK1LI`
MXPRD$5A^%=(C\,>&Y[><HUY=2F2XF4`%QT4$CKA0!GN>:ZW[+B+$QSGM7/ZM
MI]TE_!);X>/!!4]*PBDY&DFTCAY#;PZEJ>G.!MD5IX&/H?O#\ZK6*R)+'%,>
M%&-HX(%;/BW2[A+?^T;:#_2;?)4+_$A'S#%4=/FMYHDDM'\T.@+-C[OM]140
M5FX/Y>G_``#MQ"]I"->/71^J_P`UK]XL4=M/=^25<DG"DUTMA:1K%]E;+(3C
M=GE37+OLCN#-#.7)^Z.P^M:6D7UVS&24Y0#G`_I6B1Q&MJFE3QPEEPZKT4]Q
M7+S7$);YHCN4X*XQM^M=XMY'?6I7KQA:Y.[TDM,YD;YFSNW=`*J[0FBB;>!Y
M%,9$:#C;V!]ZS3!]LEE0'`1^#CD?2KM_$MF_EM*1$%`QG[Q]:R_,FD!*!E/0
M`'DTK@27<-J&\J-5(ZLX.?H#65,N!Y;QY'3GTJ:1WC)``5NK9(SFH+L2A4N"
M<I+PN3P,=:B]V6E8$CB,91)(XPO1<UCS)]FEN&M8]RE1\J#@'U-.E/E)*78*
MJY^8FJMA=S6]V1$=_*[<X^<^M*S!-LZ'1;=9+-4>-C*G(D"D@5M>%HG;Q=9"
M7YLS+TX-)X?N$^9W^2120ZG@$GWK>T&*WD\0VTR$-*)5!]N>W^-`)ZGIL-G#
M::Y"+="H-O*3EB>2Z>M:E4W'_$[A/_3O)_Z$E7*S-3R7XVD&YT*$XQ(90<CK
MP.*XNWB00_N(@KE`K`'M["NS^-T;27.@[6*E9)#G&>PKB1)*IWCE6&=H7O6T
M;6,9;FDEK,883:*VY@1E1STJ.*"XM9F$T#%U'1L?G6A8S3QZ;%-;M^]C8YST
MQ562XDU.4?:$*`=&7G-4"12GF3RUD?#,?E(["JPN&CE5FR8<XW8Z5=GLX9D4
M`;74G<"W6LNZ_P!&!1%WD=0#G%!)#?0EF=5;S%)R&//XU`D%PD#.L^V/)W1L
M<\^H]*N03!D`V'C@-45YL@MR'=0S-T`R0*%YC3N+"\O[M+D,J'^+J&'J:LX2
M*,(JX[`?WOI2VT@NH%&#M08W=,"I8[."YN#%(X!W9#`T!;70C7)`+!@K<`9X
MI;@HUOM3.\<`>OM27B-%(8%4NF>#FHA*`RC:?NXXYQ0%FM2O)<,A*9!`3EAS
MCBK]O(LUHH)4_*.>U(]M']BD=8L.ZG//M4-L"L"C:HX&3ZU%VA:EU8<J"F!Q
MR!T/O50HOVB=T^7"X!J_"0D8/0>M9<SC9(S#*ODY!Z4/L@6Y0:%D=FR&!Z@=
MJN1)F-?FSQ]X5665P5\O&,8.>F*NVQR,@`>U2KWT$5-:N$&E1PN^UO-`0>M5
MGC$D31%MV[[P7G'^%6==MX5MK9Y%\V4R@JH'0UC&7S7E+Y1';G;P6]J:O<`9
MI[5F#$/#GY5/5/\`ZU7K9X9T#D[E`RY0_I60EPR2LD6XJW\;G)-6H+>3&=ZI
MN'8?SJKV`T/MD,I9$C$J2#:`.,>E8FFV$FFP7))^8R%MW89K1@C%M_H\>`N,
M@CH,TZ>58[>6-N>`,@8H:5KC3?0H[0',Z)BX`PP7@D>M6M,C:>))+C)D)/D[
MQ@?7W-9=N9I+Q8D`WJWWC[UT^U[>,I.A=`N,KU2N>+]EO\/Y?\`]24?KL5RV
M]IU6W-Y^O?O]Y$+BXWK#-#@=6<'@GTJYO,L7EOM1`>&J!45L;""&'!/K[T`"
M)&23YN^.QKI335T>9*+A)QEHT2DPHOED+E.=V>2:HWES*Q\L*6C?';A:=YH>
M;;&A55')(YSZ"HHY7CBD5U);!(YZTQ6>XV81^2P:(8X&[UJL\(:8!QNC//F$
MY93]:F5X=03;YCH[+R`<%3ZU$]M>17R1QM&\`&"X')^HI:%*P^Z`BBE(=G(7
M@CG./:J5A?+)&H9SM9L\KU^E:=Q<K"GD1*#*.KX^[]*YZ;S=/OI(U'G!FW"/
ML>.JGL?:BX)W9T5S%]LC26(+YB\`DX)_PK4L].N]-B@N]3TV5MW[R&WG+11N
M`,EGDQA%^O).*PH[R.2P!@)D=2"4Q\R^N:]L\$^+%\<^&I?#U[=?9]12':)M
MBL9%'?:P()''6I=TBT<]XA\/13Z98^*='B,%K>(&,;#_`%#]/RR#S7&ONGN@
MY8@YQ)SP#WKTKPU=WMK<7>G:_<7&LRRMY5W'<E88;&V4D+(_&`S=@.H`KEO%
M^@?V)J:SV2&2UG7S(7`PLL9Y'XU@[Q?,OF=M'EJQ]C-V?V7Y]GY/\&9DEW+:
MQF)9&,)!#(QZ_2J<T2P[)8<M$Z[,OS@'M5])+:]M/-*!2O4#UH@M3>6[1N2$
MS@>U.:YX^[\C*E)T*WOI]FO+J8NH>'(=7TS=*XDD(*@@_,F.V?2N,CT*VM[S
M8^5QGASR<=Z[.8:CI%Q-%9N0C]R.GN,_RK-OO#FH,&N;J4.KL#NCZX(^\#[]
MZS4N;R[D8B@Z+5G>+U3[K^MT4=*VQ:W`80<B0;0,DUV]W$MK>I-#G:^78EB>
M?7\JJ^%='ALL,<N[C`=AUK1U.WD:R<PPRR2JV`BGG'?CTK6"T.:Y5NH1-"#$
MV+A)=R;^G7^9I;%YTEE6\52224*CJ*DL?W]FLDB;)9&*L'&"OI2&U:`SKEP=
MNW`ZUL@NR)`RQR2N2D:$OY8''TJDLKM&O#8F7>,]C6K<VL\E@HB4JY8*R9Y8
M50?3+F*(!I"TC<B/!QCH11T'IU)8[EHY85DD!&,G'0>U27LGGVS7:?*\>>!T
M--6(+;2&>/CA0K<8/UJ7[&R6D\8D^61&*-G)X'>A/N-BV:PZMIR0E!YYPR/B
MJ45Y+IGB%A=SDH\97:PZ_P"U1X=E>.P3<_!RA(X:M2XT2WO[@W#[E+1!'D/.
M5-8RIW?-'1_UN=4,3RP]G47-'M?;S3Z?EW1,FI6=Q&B6\V]$'K@^XQ562=;@
MO#=2`PRYR">GI4.J>'(X;!1:*XECX#*W+"LHK;07$:'[3*%YD)X,?M[T*HU[
ML]Q5<.N3VM!MQZ]UZ_YG"^*/"FIZ7.URZM/:,3LD!SM7L#7.13/#('C.&%>T
M7GBK3XMJ!ENX`A`A49(]<BO,M:TB6;4I;G3+-A;2'<J+_![>U"9@MC,O]0DU
M!T>95#*NW*]ZJ4K*R,5<%6'!![4E4-&AISRV=U#J,"NWD,&8A<@5[_\`#KXB
MZ3K)ALG(M;UGP(S_`!#UKY^@U*X6PDL5(:*3JI'\JKP74UE=)<6<C12Q-N1P
M>0:N,N4EQN?<%QHMMJEL6?;(W1'`Y_.G:5HKV;K]H8OL^YZ"N$^%GQ,BUC1+
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MX)(`/"^E0:E(_P#9<D@7YE8*QQV]JDA,HF@::11N&"#U)]JU9XX1:-POE_Q`
M]ZU.&YY;J4[Q*T\AW'(50_/-%A>>3&$N%5Y'.,J?N?2G^)K,I=2F`&6.7G:.
M<'-9%M'<3S!$5T=""0Z^O>L]&6K%?4)1)J<@$F>S$=ZUK=X'TPVMRIRK[XL#
M/..GXUC:[IEU87&]/EWC*Y'>HM(OWO'0[E26,DF*3@DCM4%7+VL>3)I)F2V!
M$H,9&>F3C\ZQ]-MWM0\3`.4(*-W`J_N:4N+E956)R/*QQG-:>AQV=S=7-O<1
ME!+$#&Q/\0SB@%Y#HIKJUM%N4='4@CYDW<&MGPNUPGBVR=<^3-*@;!Z5GV=[
MYD`LY506PZ!.Q]*U/#4CCQ38>1"Q1KA=Q]!ZT:A;N>TN?^*@MQV-K+_Z''5Z
MJ+D_V_`,<?9I>?\`@<=7JS-#RGXTLZS:+L(!)DSD9STXKA+:Y:2=<H=HX'M7
M?_&.#SKO1?13+].@KSP12F?RXVV2X&">`WM6T=C*6YL8FMV3<YV,<X4<CBG$
M!+D*CY7AL9ZTMI.HL0EU&X*,03Z<519A/*9(U&U<J!CG%,FY)?\`FVUT2&$B
M/\V=N,5SKW<CZG)']G=DSCS%Z*.U;C;7@\LEP!G!SQ6*\*V\?[J5F).W)/7F
MIEV0DKFB]KNML,Q0\'Z_2J%WY<@,0(9E/IWIEO=D"7<SD!@`>U6X889G8QQ!
MY'ZL/Z4]4BDBM;Q2PV>SS-@SQQRWM4MM(78-#OW'('/2K$BNEJ!(AV;L9QR/
MI4`BS*S'=N7E0#@#WJ@Y2[;R)&'D?=*<8V_Q`U2DMI;9GD@&0_S.C9S^'I5J
MT@,O(8%\],]:T[@^=:)YB_O1Z<'\:`>UC-CE)MF8@*-A&/PIT>S[.@]0.U0W
M%OB&3GY=I/RBI;=0UNN>#M'/KQ4O70@?/)Y=LS)_N\5GR'RU"@!N.AJ[<X-H
M_M6<3YH)X#!>])NP#9$10#'D*PSSU%7=.C20J9<@+_$*KS!4L$.%SCGUHM)O
MW0`&1G&!VJ=F!-K,JF:V7`9(VQP?7IQ7,ZQ;;$DDMS(HW9V*`>:Z&\7?;2EF
M,?0AO2LB[`9H6AD0J1^\YR/K]:M-7`Q;&Z265E;Y&4_(O\1]ZU479:,S.P4G
M/')-8]S8Q2K*(\I/@CS!UP.E&G:K;I;$7CJI4$%3T-.XR^NHF,QK!&Y+MP[?
MQ?04Z6.XFDD,^Y$`!/TJK)/+J-K&EE"8!-PLF.5!X)%=+';QV<26?EB9#$H<
M2+C>?4TK7!E%-+$:1W;AO*;Y4E3J&'K[$5?M[F6*)A,L<H(^0L2"*>RG8@3Y
MHD/^J)R%^E5I(T,HB#LF3Q@525A$A7Y=Z?)(W!"\@U&\OFL%VD$?>)/2G,#;
MG`;S6(X)XXH+Q7(")&%*C##/>L>1Q=Z?W'>L3&K'DQ-W;9K=?YH4RPK&JN'Y
M)`8=ORJM@;F2,_+U)8U8!\MAN)*$?Q#[OI5>.$QW#Y;>"<Y/?T_"G&?,[/1H
MQK4'3LXRO%[-?UN0G?%,Q^SD_+E9%&X?2G-(L5V4&02-WS=/I5F/RT)A#[2>
M=HZTR17N-0\LJ"A7)#?=_P#UU?H<Q78QLSD@`,<ECW)[>U126\4_E19/#=<<
M*1W'K2W<$3(8XYMBKG(!XJO;2M`]JLBLT*G"G&<@T)W`LVYD9)XIXTB5FVJZ
M`@[?4FMGPW<'19X=1TW(NH3E7=L@^WXU$ZQR+(@&_P"7.*IV,SO=/;&&1C&W
M`_A-4.[/6=>MK+Q/X9_X2/3M/^T:@TD(OK59'=$"G[YB!PY7.0".>_2MJ4^&
M==T.#PU!KL=]?;F$<V0[I*!N.X#[OT_"O,_#6OWGA?61J"DO$>)8=V`R^GU%
M>ES1:+I.JGQW$5G.H)';VZ*%2.$L,;V;/7L3Z<5DU9FJ=T>/3P7NAZY=V%^-
MCPR;)=JXWC/WA[5L+<V]JH57Z+O++R`*ZFXN)/B1X<:\EL+>QU>`>9;!7R+R
M(YR%S@MC'..,UYMJ.;:;[(C;T##>O3;_`+)K'^'+R?Y_\$]#7%4[/XXK[TOU
M7Y>AKS7"ZG"8F!"N<JQZYJ;2@%17G4-&B[!GMCJ*S(IC$P56X/4XZ5;L6_?3
MP!P0/W@YQFG)*,U+OH8QO4P\X?R^\OR?Z/Y&M>6P$'GVA\Q3SM!Y%5HV$TD5
MQ$J29&UP"1]:LVLR6T8!&"_;K7._;98O&%S#:`O"0'.T':A[\]C[5H]-4<*-
M&Q.V::V9-T8=F48/`ST]ZG6`13O-'&Z,RD!F/.?QJLNH6MY:SM:SA)?F&P-F
M3\JLP)Y%M&\CAY@,@,><UI%W!V(+\N4<"5!*5"X#8()^G>I!-'+9>4WF;GBV
M@,>AS61>W"76JK$R%`%#%BV-Q.<"IM#FD2.1Y$!,98,&'S#![51)=222:R^R
M7D:JRY59/[P]33M+D;[2(0J%$^7//Z5;E@@DFMY)EW1E<JV2<_6J[6C0W;/;
ML&56R%'0#VJ/4UT93M;!8-2N8`1+F3)3!!3/-;$TJ_V3,K#RU7Y=WK]*KR.(
M[S[6&"2GY69>5_&K.H[;C34&]0"P;Y1[TTA-HM1Q*^G(^]50+R7X``[DU8U3
MPS;W6FVM\CPW,<R9BO+0\9],]\5L'1M.\0^`)H[0-_:%HF_[Q^]G.[`ZX&2!
MZU2\!:C=3B;2YXIKS2;B3BZN$V3L2=HEVCY57(((SD'DCFLYI2TDC6E.=*7/
M3E9^1YYJ?A00ZFGVE%61P62<+@/QRI]ZQ9KB.V=;!(W1I"1E^AQWSWKV#Q+X
M?G>>73WP'7+PR>X&016)9Z'I>K:4VHW48BGB3S"J_P`;#C'YUSV<9<O0WK*-
M6"K)6=[->??Y_H?/&K%CJDP=_,(;!;&,U3KT+Q=I=EJSO<::D<,T>`R`8)/?
M-<#<6\EM*8YEPPZUNF<J9'3X8C-,D:D`N<`FB(J)5+KO4'E?6O0_"'ANPU*U
M>>!!]H8_*DO8525V)NQ/X`@&BWFZ96;)ZG@,:^HO#$S2:%;L[9++GGM7BVD^
M`EDMU#7NR13GRL?**]'T:>?2XX[9!N0+@$G@8K5QO&QFG:5SNR>,BJ\MTB*=
MS@`=35#3=6%T2CG##M6/K<4YNS+$^8@3N0MP:R4=;,T<M-#3UC5(XM-F`?)\
MML_E7*Z@4OK.WEN>4C4-C\*Q/$VL36]BXC9.4(*L>1Q5.373<Z+#"T;[R@Y7
MI5II&;UW)(&@;Q"D5H1$LAP<]S5^YU/9=2010HJ@861QNR167INK,;^")K9`
M&;:#U*G%5IKI1>&2,DH.L9.1[X%+FUNRFK(U$O'E,<DA#3(V%(/!SW%:]W=-
M_9$Z[@#MR6S6%HEB\RM<11_)D[4/4?Y]*?=R>6)1))E&XV>]:IZ$M7.6M-1,
M-U(L>[.#U&5(JU'K#%OM/G#*#!&T#`^M1):B<!D$:$M@$\'\15233V3<DT>T
M-D;0>_T]*E@:<]Q]K"JQW@#<,8Z^AJJMAI_$EIM>=^&1>@]JSK?488KB*$1[
M0>%+<9(]:GOK/[/;RWD$AC3=\SK_``L>Y'I2L%S0NK3:4=0RL5VE>HQ38M*>
M.:>>U96C2,8.[;Z\BLUIKDGS9[@&-P`70Y''?'6I(YIGN'*.K)M7('0]:5NQ
M:3,8"XM=290SM;RJ"K`=^X-=MX1NY'\0:6A8+B<#&/O"L7:G`N%+1$@MLYX^
ME;OAO3HK;QA8/'(KQF92@'.*'=H=];'M;D_V]`.WV:7_`-#2KU4G`_MZ`]_L
MTO\`Z&E7:Q-#SSXI*KMIP8G/SX`&<],UQ+V"3:4;G!*1OM5PO?L*[;XGW=G:
M76E->L5!\S:0VTCIS_*N;T^:WFEBL?M!D-W(N0!^.?PJTW8RE8IZ:T3&W$P;
M>Q*OGJ<>M9^KQ"VNVCBRN[+`^@KI-6T,:1-#<>=GSI"O'0&L;6-/-PRRP,&Y
MZ@D@^M:$E2V#26'`W,#DY'45C:M$=N].`S`C`XS6_9EO[/=8B,Q-DQ_Q?_7K
M*OL/`%)VKYF02N=OUIB,Q$!M$'E<C)8]F^M:?A^#RM3<.VYBNY58\9Q6<N8\
MB0_>)P.WUK4T]5MY1<["RJ`<"@$V6;JVN9@8HW7).=I^Z#FF+I-PMJ%**&/5
MSR":T)+L.NQ6`<C<,#DU/#<1!1+/NW*OR@G&X=ZB5S1-,S[33G5P%`\Q5RQQ
MQFI]3O8&2.)AMD'#8&>?K3&UUI;]XU6+RT&XC(R15&]D^T%I50(&'Y'VHCYB
MD1SN61B,#Y"./I2;UC@BY`9E&`>,\4R>0?93P6;8<G''2HD9/LRNYW'`P#VI
M.RV,Q\Y)LWR`>1C!JM'#F5A)P,<D]*=+D",DG:[8Y[&I+@*(%D#=\-@^E4DG
MJ`Q9$>Q\MF5F4GMT%5;<>6^X+G)XJL9R9L+GKV[T\3`R#<=H/3FI;U'=EV]F
M66RN(S(5^3D=A7/RN8+!!;L'91R,8W5N^6IAG\ME<NG.[IQ61<,B,P+J548"
M`8//I36NXB@W[Z-)8$#O&?WB#K@URUQ&W]I2HJ@J)2^UO3TKK)HI866YMV"<
M`LI]*BNK"VFQ+M`R<Y'4T274J+L6M%?-N1&!YF?D)Z*!T`%:ZF62Y;SY-T@4
M$EAC\JR-)A6.39"Q49X)[5NQF+[0Y)0E4`+$]35+83W'J#LW4UXVE(\LG<QX
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M!6@+9/LB-&/E5AC(P*@2YA:S'VE@J9!"E_O&I6GR@CE8#HP`X`'O[UI8Y[C9
M&CA.$E.#R5ZC-2+)#M8PKLE9<9SU'I385$EPHBCRAY!ZY_\`K4K*\JDHJJ$.
M!GO30R);QERH.6'4$\UU'PZ\>C3O$+^'=:5)=&F0$F50PAE)X.#V-<N\9@<A
M$4YQG/./QKG+J1K;Q(CC=\Z[2,8SZ4I:CC>Y[]K'A0Z/XOTB[T"[GO-1G8R>
M1,<(R@=0XXC4`]`#G]:H?$WPG'=+)KFC&%I('":E#"<[&QR34W@G6(?%^B0:
M!J=Q);7<`W6=Y$^)%&,%0?7;D?2L[6M1'@O6H6\ZVMU`:W&AJYG>Z0]99Y/[
MQX(SR!6371G1&;BU*+LT<1"C-M@D^4G[I]?:KMALBU:VRW#$QD$=,]*JRAY9
M&/";V+QJIZ9["FFXDAB&_)96#+)]#TKGJ7IQUV6WRZ,]C"J.)K)PTD[J2[W5
MKK\VON.DN;*0W;8(7:=J\]ZJ:C;0);/]E)1VP9'B'WB.YK2M7CF"3REF/WAG
MO5J(13.^4&U@01ZBNEZH\!QM*S/.;6RC2_DO[+*O(Q&[W[C'OUK;TO48[N)K
M:]C83QY.1QM/L:32]'$FN7,!=2RN7MXL8R.^/6KMWIL\%R%CCQ(S`R9ZD?6N
M=5'&5B9;G,ZFQL?$HDD0M"Z@*!W(ZYJRFH7B7H0MYEO*25(_E6QK6D#5+%HX
ML+,/F#]"IJIX?+W=N]I<[4N+4[1TR3C&X5V]0L:\>3IRPJ2@V_*<\Y[U'8L8
M+D0%@YB&YVQ]W/I3K?SA#N&"Z'"`]6/?BE#XNIOF`E;[T83D'TS2MKJ.YLF5
M)-,19+19Y&YWH/F*CVJ8:5%/`JQ<P$8..J5FZ+<AUFC*%)D/RKGMWK2@>5)V
M$;E6/(R<9Q2:ML%[Z%K0;F32=6\R)F:6)=K`<!P.N?PK7\8622:;!KFAVD,]
MG$TDMS;O(R()&`'F-@]!SG'UP:P1>QM?$-%N)&1*IZ_6MSP]JEM:7#PLOF6,
MP*S1.<K]<&H=VS5:$/AK5]/URV7P_%-G5+6$S698G)B/UY"=@3R1Z5S\'FZ-
MKLEG=`);S%O+1O\`EF_=?IWJ_P"(=$;P?XIE\5V]K)>:"\4?[JSF\IHR"#N=
MC\S@MSM!JUXF?3]=M]-GOH_LNK7*;Y[:(Y,8/W6)'0@8_.LYJZNMT=-"I&%X
MS^&6_P"C]5_F>:R^'(T\67[/9&:.ZA:2&;?E0W<>QIG_``@@8++.J$XR5D']
M:UR+RWU(F6=9A8`*XZ%E)^\/7WKHE*2P"=1NAZ@D9!_'TJZ4E)71S5Z4J4W%
M_?W7?YGC.M>"1;7DIB/E1G+J5&0!W6NE\%:=#IUS:1M)(Q<`Y<?H*Z'5[9+T
M;1&!&I)4YQ7,()K?4F,4;2,"JHB':<_UK5)=#%M]3VYY[6WA0DJJ@``XYI_V
MU/*!4;E;A?\`&N<TR'[591K.6+'!97;I[5L,YM"D4)W1Q]FY*'TI2>I45<OP
M2^4'F0EL=.QJQ+=RS6I+QL!MS\W4UF&5YMJB,GG<#&>3]:DM[^'[089R5QV)
MQ@T)W0'G^OP3:MJDT:`JBQD'VK5T:QV:=#&K%MB[0I^E:NK:4MS!<7%NZ[BC
M?<^]TJE8*+:V5`=GR8WMP3QS4C32W+&F6EI_:UI<705'W_*8VR';'`-9[Z*]
M]XD:!5\O,C;RG`4=ZJS0ZA;WD"1S^=;QR*8\#!'.:W)7-MJNJZC"I4PK@#&,
MLW%2]0=GL1+=G2K18DW!6D8!AU`'2L6]NI)KH,H4QGG<3WJW<322Z7;M<P;@
M[/D%\'/'<5G&)WD'DQOL[C/`'J:KFL2U8SHKZ9GF$\8+J<*".OIS4KZM>L09
M(\J!QQS6E:C19LFY-SR<?)@&EN(=#)*1RW,7^V_S#\AS6J8CE9+B<JC[5#EN
M=Z@`'/?WJ_;Z@TELUM>HBF0X8.?DJY>>'YY88VTJ[BN\G)V#YS_P$\UGM$J[
M8KB`QRYYP#R?H:5^PB",6=N\L4L),A'[LKRG'6I+>>RGGN(8RD;-&JX&03UI
MUPBR0L"0%`P"!TJC!;"8NLD_E2JH"G'7KWI72`TQNLU26;RY%.`PC)X[9K6\
M*.K^+--\GY5%P/P'I7-_:I4M#%<XE"+M#$@&M?P)/YWBZRAD`62*5.6X+CU%
M-ZHJ.Y]`OG_A(+?GC[++Q_P..KU47'_%06Y_Z=9?_0XZO5@;GEOQF>*--,,L
M0D8^8(P5R`>.<5Y_ICSK<QW**2Z$8;&,>U=Y\:$DDN-&2-4;<9!AFQZ5R%FU
MY9Z:R)#%YD;@D&3(Y[]*V@M#*6YHZI<R36ME`9W,RNTCDL2.:UK.)9-,0HNY
M1RP7^=<W97-W<`(EK;HX<MN:0_IQ4VG7VIP-($C@#9(P93S^&*K8D=/;2V]R
MTEKC=S\A[C_"LAC*H<L<`';MQQ6AJ7VZ,M>16T)=AP1,>3^59DS7K(&:WA!<
M?,/-)R?RH$4-23:56$9!&[=CI6OI"A='C0,2Y/)(R:RIC=-$P:&,%>0/,/7\
MJOP2WL5HB"VMUXR6\PY/Z4EO<1+9A?M/SD(P/4G@?X4VYN3/*T4;\1_Q+W/M
M5&5[F.-S]GAVD_\`/0\_I21W%R^"MG%&".TG'UZ4FRT@C4[I``RG&"?6K1F^
MSP89MHQ@GN:KH+H7`_T>(XYQYI_PI+N6?`1(XD4\X\PGG\JD;5Q\DP,$FYE.
M5//X55:23RD*<+@9`[56N'N@CAXXAE3@!_\`ZU6+,W`V@P1,&0=9",_I19LA
MJQ)<2!I(H`,$#<>.#2RS%CC;\@/-4]UR9I9#"@.>,R'_``JU]JD$?ER00C(Q
M_K3S^E-)H13,.Z?Y5PP/0?SJ,[3-F094':!T&?K4D\%V%,L*)CTWGC]*J+-=
MM($,",O1@'_^M2:UU`U!+%9VIDEQSG'H?:L.^ED:2*>+.TKAL<U3UC53/<QZ
M3"T:2)R=K$\^GUJW;07J6B6LJ1L<Y;#8(J;N^@6ZCY(V\X.580A,G`R6-5Y[
ME$B5_L_EKCWY]*V%@N1%@HG3@&3I^E9L\=P(CN2,#W;@?I5M@7K7[-):`LY2
M<#E<=14BJZEC&=_R`]*S%EECB`41AV&3E^H_*KMA+=37#LGE.N!@E^WY55@-
M%'9;7:W,A_A[?G4F46-6N)8XV1<D'I52>[FCB/FPP_+T(DY/Z5@W,U_J,X"(
M!&/E;GA?\:4I6`J^*?%!'F6%B2BYYD`QN'H*IZ1I4,L*RWC^6)>>>P]O6M2[
MT:&YMXX[B".5HL?,'(8^V<4DMJ3&L5ND4"IC"JY(_*N>2DUH:=#'G@7[;-;V
MC\GY4ESUK7TG5\0K:.=\Z?)M;(P?7FDNK7SHEC)MK68#"_O#S^G6LQ()?M(A
MU&14.<+*Q(!/KD=J(-QT)W.DDA:ZD1I+E2RM\H``*^XJQ*/E\GRB/E^\G(-9
M26C0/!'+-&\NS)E5^/IBM6%)C:9^3`R-P?G\JJHK?O$=N%E&:=";TEMY/I\G
ML_\`@&1-91RW"1S!MH;D*<`CZ582UB%WY0GS$Q#@.,X(_P`]*A"W3W#)Y:<]
M"TF,4^**ZBC5ID4A6P&9^#6L7='%.+C)Q?0UEG((50=H.-V0`*8SM<W31P\X
M/..%'XU45;DEO)MXR<\$/QFK5DMW;)M>*-&R78[CG)]>*2$EV+3[HL"20$C[
MRL*H7ULET,M#O!&/3:?45)(;B>X*F.)F;U<_GTK0%E=I`$,2$/Q_K._Y4WKJ
M4[6*^DW%[IM@'@FE2>)LI(G#'TP:KZE'<W=Z=0N&DDFGY>21LEF['/\`6I99
M[VUC"S!)(@>8]Y&1^568%N/-#1QH\;C)C\PG:/RH]1:HJ1[-0MO)O1)O1P^U
M)"C9'<,*TU@&R*,YE4`+ER<X]SZU6'V@W1C%O&2JYV[\`_0XZU?\RX6W$?V>
M`,ZC86E/`_*G))HN,VFG'1FAITDC&2S0_-"`%;.<K5\W21NL2XW9.3W]ZP8!
M?6#)?&&(^6,,?,)+C\JC6]U"6Y>:6V0JIW`[SSG\*YX:7AV_(Z\7%3M7CM+?
M_%U_S-;3;:VDO6ORK+/&S!6W=!GTK;N&2\"L#MN%7[W]X?XUB6,MZD&U+>$;
MV(YD.>OTJR\MV'0>1#M'?S3Q^E6XIG$G866)UN][EN1R<5DBVMAK"7:;A,JE
M#V#"MB2_N;OY&M;='`P2)3S[]*PU-U&\L3P1*R'@^:<@>O2G"5E9CEKJ+<.6
MN/-G60M"^3(QX(]>*NR-)OFG#)\Z!D&SH?K[UGR-=Q0A3#&^[."9?_K5,LMY
M#;JYAA=MH.-Y'-4W<@L:-(7U+S(X_P![*I$@/4>F!6PLN))(V8[G^7:>J^O-
M<[I$FIOKBW-Q%&KE>`9=HVY]<5I6[7TMQ*\L=L2Y).)3T_*JOT9274T[<)%9
M,8\2LA("L>H]#5>WNRK#=N3Y\`8^X?2K$+72OQ;6X)'_`#T(_'I4,KSF0DQ6
MJN#Q^]//OTJ;V!O4VM3\17,.BPZ<(([BW9@^9%W,"O.`/8@?2C3XX;O_`$Z2
M%!J+#`F(.0/I7*W5Q?F="((E`SG]\3GCKTK134-3AM8?)2W78OWA+]Y3U[5D
MH\Y7-V+&O06-M<PZE'.9V!\J]4+@;#WX]*2&5H(PBRPO$&)7G@+VQCK5*"XG
M:&3S+2&3<-K#SB-WZ5C7B7NEW+10QQP6\XW(HDRL9'H<5#C*E*ZV9WJV*I<O
MVXK3S7;U73R.M2VCG?#X56!X'&WWK)BT5D`>Q:.ZA8D^8V`P(/7TJ'2-6OKK
M3IQY<#2%"@?SN5;ICIU[UB:'K&JV>[3WCBE82<H[GIZ].];14MSS]&CJYA>V
M&FETC9I^3GAB1GK_`(4MOJ]U]DB+QL/ER=QXS]*9;^*)K:2>#4K"$$<%0Y^5
M<=0<5"FH"Y*_9K>W']U5E.XCU/'%:^HKV>ANV>L,T3R2(4*I@!/XC4OVB.Z/
MSPD$?>9E^85ST-QJ,=PRQV\1`.0&E.![#BIK>XUCSRYMHL/UW3=/TI.*M<=^
MY>OY'MK:0VLC*I0\YZ&D@UA98%CU*-7(4`,!CG'4FJ5]+=-:2B>VA7*$DB<_
MX5F-+=1)#.;2$C:%XF//Z5F2;5M8+/JT<]M=`P`_.KGH14GB36!IS_9"(\RM
MYLW^TW9?P%8MCKU[:7XD^PVTF#T:0X]L\5#XBO=1U.%KF2SMW;=\[HW(^HQ1
M>Q2LC=M9DF\,;YH%*QW!V,PSUJ:,)#I,]TZJ4D(C3'`(/6L33WU*+P@Z?9H6
M\Z<!`93D_08J]J=SJ%MI]GI[06RB(9=#*<Y/OBK2),9;:*WNY)(W<B4\A^=O
MT]JIRF1+DVXA:3+??'/7VJY>?;5C(6WB0=>)LX'UQ62;Q_LP$[VZ3$CYGFY(
M[#&*ANR!*YN6]M-+AXKE+>2+^+S`"OX5M/IUM>Z!/<37B7;VXXN$&)`P_A/]
MX5YC<W]YI]Z7MVMYXYB(R`^?P%;O]JWMII_V.PLXXXYL%PLA.?TIQFI`U8IV
M-[&UY+9[)&=^</&5!/K5K_6O/&,O)&@^[SQS67YURNJ/$R1-A`XW.23FHXX[
MV'46DL8]PD*^?%YA(V^Q[4[6%REY3:HVVXD7<!E@>!6IHT?D>.](>T(*RL46
M1#VQGJ>]9URUV\&QH8,KD*2<\>_'(J3PI=:C=>,=,MI+1$ACERIZX/MZTAI:
MGO.@W#SZ\K&XEG3[/*N9"."'CSBNIKE="LYK3Q"BS0"$&VF(&[=G,D??^G:N
MJJ6;(\X^*]O'(+":5P@B#X)]\5YF]Z1/N#_+C:`*]3^*5I=7EO:+9PO,R;F*
MJA;CW]J\IN+`B`S;6W)R<C`%:1>AG/<U=+VS3J4?(.:FDA>TU)RSKG'XBN=B
M=H[R$VY*+*0&V<8(]ZT]<O5N)G>(L)'(W$#`'&*LEJQ>L]1^T(]K=,K$MPR'
M(S[4MS9%'(;#(Q`W+U%<K;R"RWEL*1]W!ZUL:9>3])F+(PX!).TT"*4^(]39
M6`<(<')[5IF2#`!SCT7KBJ>J0>5(TORD,O;K]356&9IH<$<J,$T")+A&%J[1
M\ES4%KL\M48;"HY^;.ZK"RB91$2JJG.<8)]O>JSX63Y```>I'6LV-,F`9F8!
ML9X)I)2`AQR!P>*<S>6`S@;,<X[U%$?-E.UL#'!-"W+;*81'8S'/"D$K]*LB
M52L2QJ257K4+L8S*-H^Z0:M6@#0H8\*0O)SVJS,:R2-&)&*]<%2*I2K(]XC.
MF(U.0<XY^E7YY?)F+%AY0'`'K5*[U)9[+:(!N'0@<TP)WEDQL=\Y.`%'6LOQ
M%J*:-I1>(9O&.Q%(Y)]?PJP-0@AB155IK@@;8E/S#_`5:33S<YN=0=3*2&4'
MD)]!Z^]2W?1`CB]!T"?SQ?WV\SOE@N.03W-=K%IODK'(2=P_AST^M644(^(E
MY/\`%WI2RJH3&[)Y.?ZTE'34;U*MPHBCWEAO`.%8XR:S7N3)$(YH%65N&7/`
M%1SEIO$;2S-_H:KL7/W0U1S:A8K/@SEE'=5)_`5G<!GE0K*994`'][)P*FAU
M6QM9WACE5G8#Y4]:8UR)XB\RPQVSCA#U_&LY6@AN9##$LA`!4X'^15IL:6AM
M7"BYA9'#1Q_WSWJ,7,<4"0H2JJ.`%SFLIKR>4M]HC`)SC<3@>F34MO+)<L$+
MPQ8^8$-GGTI#5EN6%\UPXFF[\`#O4<5Q$A$%RIADYP6[^^:O0A4A)!!R>-V*
M>T(G0+);QR`<X9:FUMA\R.7OI)([E`\@V"3.6K1OY!>Z0H^5U3Y]N.AJW=Z3
M'/9R)*Z`CE00!@>E4]*M%\EC,5=Q\O&<$4--DZ$^FO8I=+=20G9@`9.X=.PK
M2N`$7S8DV0R#<JXYZ\UG36N^TC$6`Z,<9XW"K2)!,@@D=D?'W]P^7UJUM87F
M226WVN"*2%-^>#]*CO80ELK.N-[!%4FI7MYH0B)*=J_</9S5.39-JK1R#8T>
M#G^^>]9TO@MVT.W&P_?.:VEK]Y?MKF&%%@E9H<<KD9K0(+P%I"ZEN&<<AO2F
M0K"\>^-QNX&TCGIBFQ.S7!!.S/1/[OU]ZW2T.$KJ5@=WE5W!RH)'/XUIOJ`D
MM(WR2R]0/3Z54C)2^?S'^5#D-CI5UQ;MB$LKG.>,#G\:-`,V[N$=V1CM8#>,
M#MWJ9+A@8WBDC^;@*QYJ6;:TT*9&\`@D=A6-J<_V2YB*1_<P!A?ZU.S&VV=*
M((YYCM^?`!(!Z58GMEN%#B<*T?!+#G'TK,AOHIK<*%:.5N>.#6E/+%%IT1F0
M^81]X#K^-582-"*S8PA#$3%)\I)/456AF:S_`.)=.A!0_N7/(D&?YUHZ7*&T
MY5D;>!R!GJ:@N;1-1RGF%,.`@4Y9&]164X/24=T=M"M#E=*K\+_!]_\`-!%#
M)$CG!$C.2O&0.:?/<K]G*%2'[Y'\JA@NF42V=VSBYA4X<\"5<]?K4.8V9'60
M;0`&!Y_&DI*2NC&K2E1GRR^7FNZ)K1U:-@<EST)[4_4M*=XC?0,#(%`EB[D#
MH169%*ZW!W%<E^<'I77Z61*(274[B<U6EC).QQTO^EQH&^X#P0.E3BV,<);8
MQ&,'T-=+J6FPV\KRVUN-CG+*G\/O68$>X22%)</M(`]:R]IKL:JFFKHH6D(E
M\X.6WJF&51GC'!%:NDA4``1CN^ZV,\BC14EL+E&:U$C`%=V<@@^M:C1K$?,A
M`VD9++U_"M%*ZT,VK:#/,"09^9VY)8\?E69*(YF:1]^_OZ?C5FXF7#,AW!CQ
M3X+'[6CIOV8&6[G'M28CG_,E-QCAHY!\A_NC'2EAO"B?9RH!CX5B,C%2MIHM
MU0;RJAVP,<5&]NX&XN"Y/&?XA3C(0J7]PLP#%2".`1C%37UM_:=LT60&QF,@
M]#5!6:-FGBPYP592,9I+&:1%!,94!^%-5+EE&S+IU)4IJ<=T0V2"SM@EK"8Y
MBVZ0G^-QUQ3'A=;PW<60X;<RYZGWJ751(TI..K84J?TJK$\GV;)4DKG(3JWO
M12TBD.K-3FY15D^AL6FLRW<,TPM]\L;@,^.ON/:MRVT>*XC6X::.TFD88W+@
MO7#V-VEP\GV,>8,C]V>"OL?YUU.E7[!$M;NX5C"WF*#R1GH#6UTT9.Z-J6`1
M*0#NVX``['UK.;=YIS$2^#SG@UI+=K=[FPB*[9X89'^%9U].R1YB'*'!8#K]
M:S;+6KU(+FPF^QR.9C]PY4]!5)HS]C7S<$XXQ5ZZU:&.W>*2-]^TG*].G%0!
M5N84,&UF"@L&X!J2FDC*@9U=HI"&]FZ8K6L$D:<_9\NC(5D!]*RY@[-MC'ER
MAB"HY^7UJWH^J76E7?VGY20F&R.3[\TFB'8Z%EM=+1-S*5A'[JW'5F[MGL*Y
MK4+JXN[AI6.2QR1G@>U4!JTU_?37)E>5I').?2M1"MQMVAB>I!'(^E%V(E:U
MCGLE1)]DC##*PZ>]>=W5ENUZ14'[M')RPZ#UKTGR3#:2W<F0O^K7<.I/6N'D
M:=O$(5DW0[?DR>O'05,HZ(J.X6NF6]OY<FR-V0Y3)X7U-3OJ-S*S)&PCGW;?
ME'`^E67BFE5/*5$C0[GW#+'V%8MY+Y>K1^4K"0$G?G@\=*OEC%Z#?<U)(9S.
M9$MRTJKM:13S4>G2S-<2-<QM;@`*JR+AFZ]:O2W$TUNK_=+)@J#SGTS4-LK3
MN_G@.0JC!8Y_.G)-LE7Z%P10XVX+2CID\8QTK0\)6JCQ=8-N(=IA@YSMK'"F
M#D@@#GDY/XUL>$=TWC/3)CCB8#`&,5-K#2=[GMFGV5S9:U$MW>M=LT$Q#,H7
M:"\?'%;E47_Y&"W_`.O67_T..KU0;'G?Q0NKJUN]*-I.\3$2;@AP6''%>;7O
MG71W?>5^<YZ'O7HGQ7#_`&G2&1-Y4R?TKB7N(5P3!\P/0=/I6L=KF4M&<U.W
MV9A"RD-NRK]JEAWR0D."S`\N>2!5JZVSW2OPIYV''`]J9`G#,7SD=^E2V0VV
M4)420A@'W8QN/?WK3T_F%=WWAS]:HK`HD.^1L$G'HM6[>$!6*2^65/4\DUHG
M<1>NX\P[G..Q%9"R-'(\$8"L5X(ZFK*R2^8\;R;SC(8=ZH2H8[A7'/!QDT=`
M+`C&Q<$[NF?2F27.P,D1WD=2?6BXF/V?]P=N>,"F06\LH5%3+G[W%9@1S2/+
M$L1.\L<GVK6N?#>IQ:>NI/;?Z-A<D,"<'H=N<BDNKO3XM$@LX=-5-1C;]_>"
M3F1<_=`[5O1^*='MK:SF9Y[Z>WDB"B2'8T:*?F0MG#CTR*:30U8Q-0\/7VF:
M8MUJ5J\:-\N0P8@D9`(!R#]:CFT;4OMD.F16C)=>3]H$1(!"8SN/X5K7>L^'
M+35&U62\OK]VF-P8-FP.<?*I!)R0><^U,;Q1I&K7?VG[5=Z?-+IS6IE=!/(C
M%LYR,`\<55V.R,.UT+4]5M'N+&`/%&P1WDF6-0QZ#+$9J@NG7:RS6[Q>448J
MTA8,!ZXQUKN+"_T"V\,KI45[*"MPTTDCV.\2\8'!/!K&@NK."QOHY[19II2/
ML\Y;:(1W^7OFC<5D9MK8P66&3$LA7YI)!G-.=@I+2ODGIFHWO3$_S`.2<"JD
MUZ\DA4)O'<#K1HA&FDBR1X48;O67JVMV]G:.B8+;PG(^[GO3'>4QC>"JD_<!
MY/UK-OWCO5,+HRD'L/ZTFVUH%Q+,H5PTA>'.X=BQ]_:II(X6R47RR3G-4K:)
M["Q:1\LKM@"M&WMVE"D-MW#.?7VK.W<=S+N+3:#A.&<$G'?UJH+.Z>XE@5(V
M1L'<<X6NE,(AC)*EB3P3T%1Q1+]I=I6`5ASD]#5)7$8ELI$[P("S@X)QE?UK
M2MD@@8P(BDCDY%:;"&>,K;JH<=2.IJ)-.9G"$A">"QZT68"&>#&)(^GMT]ZD
M#?N@P`7'3'>I4T^+SEBDD`&<;R,@TV51;W#094R$[<=O:JY7N!3\SSF)1"6)
MP1Z5%;6_V2[8.?O-D`=ZU(81;@N'52>"".AJ"81>8-RX<=2/XJ33`1[=%@;R
MQA@>KGBJ:HUO*%$>\/DL_O4J@S2S1JK&)L'/I]*IZL)Q(B0DF-%^9@.?I2!&
MHRFYC1>2",C=Q66+?[+>+O+./-RN[JF>V>XJ:S,B6:>7/[MN]?Z5:O1'=6Q:
M0$.,?,.A_P#KUG).#YU\_P#,]&@X5H>PD[/[+_1^3_!FA]FD'^JPJ@^O-/1.
M#B,%UZ'_`!J>TCBGM$C\\;U098C//UI\<!=^'4H1@\<^U="LU='!*$H2Y9*S
M*!4W)?9&ZR-R6`R,U04W4M[@X/9>QSZUJ1R/#\BA^YX(&*&3?<K-(KQJRY&5
MZ$=Z5KBV,NUT^<7<GF'?+CDYP3[U$K-]LQ<L=I.&)_G6V%,LC3V[AI&&-@YS
M5>!U9)8KJ#9(AR6('(I=0T8EI]DU1I8"V%CP(W7()(]#6EYJ6VV*9">,`-VK
MGX"Q\1K#:JP"Q;SL[Y/%;IWM;EIF!<\`=UQ5)W$7=.N6N(WM6!3'W&![5;65
M(XBH^4J,!HQ]X^YK*L6\VWD<$I\NU21R?PJSIH9K(E0258YW=#[TP1/%9O?B
M/S%\J.-R2Q.3Z'![BM!=.B6RD7<I/W0R],^]4K.XV0?,F2'^]GCKVHQ-'.L?
MG,(9)/,!ZY/IBI<%NC5U)2BHMZ+8J;U$PMY`/E_CS^E:5@;QT"Q*-O(ZU3U&
MU5G,D)5FW9V]!CU%36*R?:U\LNH*]1_*IL0T=1IDLDD#)M662-2'0]ZGDTZ"
MXMQ+;1M'=)\Z\<_2LK3@UM?PE&VY.68<Y![5U%QJUK!&@C9=Y/\`=Y!KFK4Y
M-71K3FD]3FY8Y]/B-Q+YJ0RY^3&.:R)]7:.`M@E`?O9P<>]=#K=Y#?6^7E.#
MT!/4UQU_A[>79#N.,$!N32@Y?:%4MT)(KR*26%A\T;G(8'J?2IYM=;3?E5"%
M'WB#S7%:?<7@N5T^"-8,G,>6Z?3WK8\B>"T:#59?/!;(D(P15W9GU-UM874I
MD8ILB;DGTXYJU=I&UGOA9"G;FN.CO#I&H12>:LT(X"#UK>M]9M)4&5X8\@KT
MIW+:*\Q785[-CY0<%:9#<*+N&V+Y<_,5/<>M37D,`D#VTGF1L,`CKFJ,<+1:
MF]SDY*A>5Z`5<7=F1>N1MMF)38'8E&!ZUF$R&8-&X4D8YZ?C5^,21RQS$AP3
MT8_='TJK,T<FI!'R`QW?A5W]ZP&':.\>M#[/(565@MQZ$@XR/;M72230I>?:
M;?`#@H"H]*Y?6T^S>(+>>R7=$P(9(N2!WX]>].N;V:WMH/))^Q3$$'/W3GFG
M>VQK9/4ZJ&6:2Y#@GRA@CW]SZ5ON573TGE.%_C&>I]17,64B)&#'(51QCYNU
M6]4OI[C2ET^#!ESN51P7QV%(:T(+J3RFF99,QE2<9K3T:X1#&S#"MC.>@KDT
MU%)"89$;<!\T?1B.X^M;5M=(540*P&`-I[4`69KP&XDN8(RJ)(RK@Y`YYQ[5
M$VZXB=P!@@D#/:FO\Y5ECQM;)7L3ZTL85!M+XR<@=A0V1)',QQO:W;D%0"W&
MPG%=1HMR]S>Q6[?,[D`&LJ6R:.<L%RA.3S6IH2"VDEN\[O*C)1`.=QX!I)$&
MCX@N0LQC@)\F']VHS]X]S7(:A"\NL18?RQ`N_`_B]170LZ20,)`3*O.W^]_]
M>LJ.:*77)H)XS&T\`*%NW'(H>I42.'$ZJZS.B!MP"'DCT/M6?J7EIJGWMH*D
M!@/6K%GA89(5^\C;=N><>M4-6>2!TNK=#((6#LN,Y`JWH-[%]XV>YCG#>2HP
M,^I^E6$;[/)(9E"-M!)YQUJ"9Q=26]Y&%4X#B$G&\>M2I<)/)<2)DOM`V-U)
MJF2G8LI%]K62+YT+@@,.>?:M[P3:S/XGL]Q4K;2J&XYZU@6MQ]G4K&C2;1G.
M,5J>"9)AXXL?WC)#)*&*C^,^_P!*AHI2NSWYU_XGT#>EM*/_`!Y*NU2<_P#$
M^@'_`$[2_P#H:5=K(V/.OBFVV73"!G_6?TKS5YH1*0XW<]LUZ%\7I"DFE<X'
M[S/Z5YK<7(>0/\L@QV'>M$FT92>INZ;)8L`)G@'E2"1_.(!:/'*KGJ?:L":6
M*2XD\E'1"Q(3')7/%8?BI9DTA9-.F,<SN,.&VX]1DUR(/B4.2-2.['7[4O3\
MZ6S$HW1Z"7!/`(`."`*M&-F0*`1N]J\S\SQ)M_Y"38S_`,_2]?SJ1Y_%`0;M
M5?:.!_I:?XTU*W0?)YGI"ND!$C$N0<;<<XIDFR96+`XSE?:O-S_PDBD?\3$Y
M/_3TG^-`;Q(O34F'_;TO^-',^P<GF=VJO,-D8W'IR.E2EEM8"D<K$CAB1^E>
M>K-XC4G;J3@D\XN5_P`::S^(.=VH$\\_Z2O^-)2\@Y/,[\[CEF/&,YQ4887`
M\NW4N3]WC"Y]:X('7G)C^WGD<@W*XQ^=.C/B"/"QZ@5QP,7*_P"-5S^0>S\S
MVJU.G+HL-K*8$GMX6E9I4C997P<`-C=G./E/%2:>=,>"VFOA9++>`+J'R*JJ
M-IQLQ]WD#I7B+-XA96#:@2`.0;E?\:F@\0VJ6B174FHO,O#E;C"D^PI<R'RL
M[TO\NU=Q4_=[9]*RM;O9+2WBA7^/[Q/./0US*>)+%<;I-3XZ8N*J2:Q;7,[O
M=/>NO2,>;DJ*'-"5-G56\SK#`LL7FF1"6;)SFECE1)'=FW<?=3[WTKF!KMHD
M)C4WQ_[;X%26NLZ-"`94U'>%ZI/CFL=V/D9UD$-_<X,47!Z;AVJ>"SG2;%P^
MYL\`)P*XL>*'4_+=ZB%![3]O2K,?BJT\W=-+JK#VN>:T30O9LZR^TV9;?<J[
ME8\DC^E5K#S4PLBL`#Z<"L";Q;92`J9=7*=E:Z[5$/$FF8(W:K@]OM'>AM=`
M]FSU22*VN/[&'EQ"!`#=!3@[=XZ^O&:MWMM;K`SQ1V?VOSL`[5\OR-QQGMNQ
M^->.KXFL1UEU3IT%S6UHFNMJ,]RMC->>0L:`I<R[_FR>GH*JZ8.+2N=WK*64
M$=\MLUL+8E/LPC"[PV[YCZXKGXI4=<2OR.F:BGC<CS)'8$]<]JB9(MH*,6;Z
M4)V,V6XY424EL,5/RY'.*KZA(\M[%-;1J69L.<X.!ZU$MP2NU5^<'!;VJ0(Z
M_-&<$]<5?,@%DN#<NZ,2ASR3V-1FU7SMQD9R!QQQFGR81%D=,2,<';QDTZ.4
M8VA07/W@?2C1Z@0SI,(]R;(QM&"0>OI3XI@8,7(1_1B><_AUJ=F6.#R_+/+;
MER<XJ@+=R\LFY0F[H3G]*7+V*23'+LE4Q0X0DYY7K44Q",8YG_<AN@'4^WO6
MA:[.5E0[B.#3+RU@7RVC4CYPW'<TK$CX-JP@PNX8C`_^N*E6_EB0LP5`1M&T
M]_4U!"LD,N\,"IY'J#4X@1Y3'(1L)!W#L:R=-7O!V.Y8V;2C52FEWW^]._YD
M&)]BF)D(!RQY+#\*>NI7L4^V5?/!X54'%:"VT9#;!F1>C(>U4G6>!]Y3S$Z9
M`YI\\H?&OFBOJ].OKAWK_*]_D^OX/R)9_M2)&887A4,&)`'3TSWIDNYI)&&U
MF<;<D]J@EU*\?9!):QR)NVAE<@I]12RW#>:54*/+Y^6GSQ6MSF=&IS<CB^;M
M;4AL6^R^)`^\KB(X;KFMZYA'F,JN&9D\U>F"/:L6V%M-(\\X);.,-QQ6_&L<
M\$%Q&4RN4.W^%2.GL*U4HR6C)E2G%7E%I#K&-A+'OVG?W;T]JECCWW,UN,85
MOE`/:D@92Z)OZ-@$5#=?Z-=O<ACQP=HR!3,QQ*VUL&<$J)B,`X[U94-<1823
MY@=R`C/Y515?M5NDBR@HKEL=,G/O5F%FBE60[0@Z`'G_`/5576PDAA;S`,L,
MJ=N.N/PJ>T5]CH7\I?X6!YSZU:>VM,K*Q*!^=P&=U1K:K$F7)WJ^=V>WTK-(
MKH6X$2SD@C@+2,3AB#U'<FDNM54ZC)$L8<*`#\W?VJSIBJ_F1M&`T?*L3G))
M[>U9EW8RQ7TKI$P!<D$#.11S#Y67KNVCN[&W6+>';+!E)/.:C33R@9BJ@D_-
M@<GZU/IDDL43(LC!0#C`J];P,\8D52Y4X`SWJ)*+&HLRFT2RTZ,RK"AFD^8G
M&2!ZCTK-U#3X-1C:.XRR$@@`XS6[JMHS0OND42#D@'&*R("X51O3@\[A6:2V
M!Q['%:QX<FL[D265P8XW.%1LG`].:2PN;JQF1;B)9UZ$YP/PS767[+YXAFQ+
M%NR,#IQ5>33[6>!F@V`@YVOVJ7N4I=&2QWL%W;QJELZ.O(/:JTMNQG63SFW#
M^$MP:T((4MK56QM&W!8KWH=HY(U!QD'.Y>:UMU,Y+4XWQ+>:G'<):VX`#K\K
MH<<^F:MV%VMYI\8=2+N-=CASEAZFM#6K662U,EI")I3\JD_X5S]@\MHDEQ-&
M&DB/E_9T&"3ZFLW)J06N7KB)0Z%T*[2")`IW"C4X(8M)26V'GH3FX2,\%?;W
MS3OMA>XC23*K)SEARI]/:E>P,,I:W+!#U!.0:W6PDVBMI5W,ESY09I[.3!A+
M<[3Z'WK<FMEN71V5FD7G<&*G\Q5*PLC;2&8;3&YR8Q_"?45JRR1PHBQX9W.2
M2.@_I18M.Y3GM1MD>6,&3:6W;?FX'7-312[DC:($D@'%+.&)9QEP%/WFZ\4L
M;*L(D0$J5`/M]*0/8L29>+=EM^?NKUI#-@;2RY7J/6D21(4.X-DGK5>9UF8A
M$"N.<]C2NB6[H6<.QW0D@`?=S6_;F.RTFV)0M/<?._'1>U8EA&][>0VPP3(P
M7V%=1J<2*FRVB#F`^7NSG@=:I+02.=\1.\6D7-W8(7N(P&VCN._Z5SANT>TL
M;Q1LG==P&,XSU%=)JUU#9::TUQ(JAQ@#N/PKGEEL=0TT30R)&(7``'4CZ5+^
M(:'2SQ0W>YG1?,'SG/0U4G99+G[-#(74IP1]WKUI;RQ621;BUGS+-^[*[/US
M45J'MAY,X'FC@@C.1Z4UJ]2W8?$J3H+1'9;B!<<'J/4&GZ8TQU"XM[AP)%4%
M6"]0/ZU7E<V][:O%'F56Y4'`/M]*N%;A[F:=(RC%0W88SFG?4ABZA=(LZVMO
M*VZ3Y!]?6NJ\&J\7B325D8`^>JD#O7%SV8ENX+ASY)C_`(W/&1ZXKI?`\EQ_
MPF6G0RRI*$N5(D'\6>V.V*;V")]#OC_A(+?U^RR_^AQU>JA)_P`C%;_]>LO_
M`*''5^L3<\U^+,,4TNF>=+L55D(']X\<5Y5+"L14[F//('<5Z3\:93'+HV.Y
MEXQG/`KR]IV=SD@H#P,YP:TB[(QGN$WDRIY$FUE!R5(R.E4)+*T5V*6\#X]$
M&<5*TJ"12,`ENE6]*#/--*-@*CHW>J3NR;6)Y=`T^.R66%(I6=02FT':*JQ6
M5BMU$K6T)11EOD%61.DDA+#R\C!V]10L$46YHI-R,.IZCZT[7"Y'>1VDK#;9
MP``]?+'^%9MU%91Q;%M8LL>NT9-6)-SL0&P`_:JEP!YF"P/UZT[`[BBU@FC1
MA;19]-@%.%A:R<_9X^#C&P5<M3']F*!=S@?E2IB)3*WW6[>E(5V9Z6UK&TDC
M6\+!6S@J!5^WL8;J)IH].1@O"[(<_P!*S(KH[9\QK*,Y&!DFN@TW79;;24L(
MS<0N0Y9HWQR1A?R/-3?4=S,.E13N8[>PR[-LVB+G>>B].#1_9!"+"=,83*Q5
MU\@DC'7MS78KXPMK>UB0Z=(\L<GFO,).92&!!/J<`C)]:?'XG:ZD\YHIT+)\
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MK>SLXW+HB%@,D,@.#6A%'$UOA["W=`<F0H`?PXHD2.1`OE_*I&6!QG'K2'4[
M=8F@#!1C'RFJ20-WV-JTGT^6T"BSM]T8QDQKEO8\5E7$$(DGEM85M]P4CRUQ
M@@]*K6]S!Y<LB6[XP&$@/#_A6KI%PMW<F*4-$[@'$@QBDW83N-%DT\2/(<;N
MI/K[U0:UF60HBG"=QZ5T%U'<06I)0E0<9'?WK&UQVL`)I&?RP@8L>HS3:0BA
M*52W9I-T97/)[U'87<LLJK@$?W`.0/K6?#-?:K&X"E(W)PY'.*U[6%8BL0;;
M*!U[@4*R8VK#[IMC;#G+_<QU)]!4$LTFZ$;6C;G=D<J?3%4]1D>77?+EX5@,
M#GY<=QZ5=FM3,/-#'S%4H223N]_K0][C2ZA+/)]D0G(W';YAJ&TD-K:D2A6D
M4@*KGAR>_P!*V8+!KNV20=$7#1X^4X[BJTVGQ7S('F6'8!ARAPI'2JN/=:"+
M)+,K&79"$'[O`QT_G40N'P'.0Q(.T]:F^SSF8-<0LQS\DG\./:LIIDF\13+<
M!@54;>>HZ8'O2;0[(VD7>FY<*W7-$4SM+Y3D%>A.*E201RH`J`DC"]<CUJ&W
MCE2_D9R?+SP5]/>BR)MT%9KJUF>:#;Y(X-74U(&3=)&J@CH#UI1")=T#2-Y$
M@R2IYJA.`OF)&^!UW'G&#3]"6:R6]IJ*@M^Z?KN5<,*S[JQ2.Y=$=MX)^\/O
M#ZU6LYI7N-K2,`X^1CT-7]:5H;>TN,$1L0IP>]9NE3;NT=<<9B8QY(S=O4RW
MF6TE<O'Y8&,%A4T<\:1/-#,(PRC>G8^]7A$KP-NV21]D?Z>M8DD#>7=1VYWA
MXV!SU7_ZU-4X;I$2Q5>2:E-M/NVS=L(IX[B.9Y"1)R%7H*T+J/>)%:3!8[>G
M`S5;09C-I5DY^;RA@CN15^_2VW"YG/EQ@[LC@?C6ASV*-G!<R`K(B-!'D;^A
M;\*G$*)<JP4DD94'M5;3KBS$Q=A-(0QP6;*D5?N;B-YHI0Z80%6)'4?3UJTD
M2V^A9M94DC$>U1@_*K'^57)8%BO(&AD\SS%W,.J@^Y]:Q90EPL2QR%64Y#*.
MM:4#N$:%6X')7O\`6HFNQ:>A*TS+<8"G&2,]L_6FZG<>9:[?/(F!&43J:BCG
ME^TJLBMMSQQ@5/=Q6U\6W,(IT&%/>LK]RDV0Z6S>6^7;CH<YIYU62R#)&N-Q
M.2Q^[]*J6-T;>0QSJPB1LX7DO]*LZO9P7>Z:TD$J\$_[/ID4M"D[D%M$+J7#
MR%L@D#=G%#JR2[4`>W3^(],U31IK4[3&R2`XWXZTV?>\VTO@9R5'3-/T"[6Y
M/#'%*X>;E4)Y`Y/M4DT5KY,:PPD.Y.6QS3K"YA$B+D1O@@@COZTE[>7#X#E2
MBG@H,9K)K422M=D)F>!#'N\Q%.`I'2JH>,EG0?-TV*<"KT)\UE8+O!ZAA_.H
MKL%6)CC4KW"CI5<Q#($_>3(55UQSC/!K%N_#\]V;FYBN%!!SE1DX!Z]><5M1
MPO<W<:I(8\G)P>/RJKJ$*I-+;0Q-;R2+RP;J?IZ5?+U87L9MU83)I2I,2DA;
M(F`Y(]?QI;*]VS?9KA]JLORD_P`7M6JMXL]C]CFAVC.P2$\*:Q[_`$\ABDI9
M0#PZ]_<4]MA&C&BHPGB=7PO`(P:M+,MR&W1D!1R^.M1Z6N^SV3LIDC.`X^ZX
M_I3I1(J%8]O)YP:JZ&A;BU7[,X5@^5/S@XV_A4,#&.V$8<'&#Y?I39BYM=I!
M^0')'TJ0IYMO!(.9(@-Q]:=D%V68T-Q#C>T;=B.U53%(C$G)/8U)YF"-G?G`
M[46]O/J+E-X7'WF)P%`[UG81H:=;FVL)M3+,C*WEPL!R6/7\J=9W\LB^6S%G
M+8!'4_6H+N[-PMO;V^3;PC:H`^\>YK1^R16VFM-)M%S*,;"/F1??W-:=!G(>
M/+A+DK%`%.T<8]JXVRNY=-D4-"DZ3+@QL<<GM]16QXD@DO=3DAAF$03:7/H#
M5%K`6LMN^(YI5DW*`WS'WQZ5R2E[QJDK&WNDL[.)KE&1G_U2DYP?2G0Z<\SB
M[FG"R[?F4C@$=*JMJ,DFK)&R1D.PW*22?RK=-M&J[@N!C[N3P:UC+FV(DK'/
MM.DVK0VS'YU/F9/'-;".R3R1Y#9487T]ZS+Z.VCU/9,1YA`8$]1[`UI6;;)3
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MRM]<S_96(\E(IR6`[[B5%4I)$<C/(3+Y=MY>T.LAZ]\^E1-)*L9W<)CGWKVL
M_![PX4"&?4=H.0/M'?\`*D;X.>&W&&FU$^WVG_ZU/G0^1GB"AEA+.N#C(!JN
M\+"!9&4$EN2:]U/P9\-%MQGU(\8Q]I_^M2-\&?#;`#[1J0QTQ<]/THYT+D9X
MC&[P6S+$,R,,C-)%:7#VK><RDGG[W*U[</@MX95BPGU+<W4_:>OZ4@^"GA@,
M3Y^IG/7-U_\`6I.28^1GAPB\OE<[P>?>G1E@V=G).!7N7_"F?#.`/.U'CO\`
M:?\`ZU-F^#F@B(_99KX2=M]SQ_Z#4W70.1GBCR![>0YVL`1CIGCTJ_97LBP1
M2*H4A0"O4=*]03X0Q"W:,S@[P0Q,I)SV(.WM^M(_P9LHQ"+.XE1@R^9(]R3E
M>^%V\'\:I22%R,\Z4/=7B&&-96)&4'KWK:?4?[,VI+;QDKP53@&O0$^$?AY#
ME9]1!]1<X_I2S?"30)XPDESJ6`<_\?/4_E1S(?(SRX:\@^U+-$L:W`PH;C%1
M2:K;$H4!$RC!QC#?2O3&^"GAAI-[3ZD3[W6?Z4+\%?#"G(FU+_P)_P#K5#DR
MN4\=O;MFN-\15#P2K#FID2XOUC,BB,-PJBO81\'/#>03-J)QTS<?_6I[_"+P
MZZ;?/U%?0K<X(_2A/N/E/$[JQ^RPS0RE?.0;C$S8W`UQU^VVZ,$7[OS!\Y_N
MCZU],-\&O#;AO,N-2=FQEFN<D_CBJ,WP"\'SEB\NJ?-GI=__`&-.Z)4;'B4#
MVUOI*)OEG\P",$D'/(X![58%W]GO"(\QE%&`W)_.O7/^%%:3"X6UN;GRHP!$
M)+DY'KGY:GC^"NF;W>XFGE)`"J+D@#W)V\U7,AV.$L]8CU")3(`&48>-6R#[
MTWQ9H`N_#T<D&'"L-X7G*^]>B:9\%M%M[=FO+B\%RY;<UO<87!Z8ROI6I;?"
MS1;6T-K%>ZGY)&"K7.>/RHYB>1G@0G^R0Y;`"+_$`!4EL%FDWB(@LN2Y/XXK
MV^?X-^&KB/9++J!'M<#_``IL7P8\,PA0D^I?*,`FY_\`K5-T-09X0UI]KU&&
M8YW1MAU(ZBMMDCCAW*22#C!KV'_A3_AS_GOJ/U^T?_6I/^%/>'`21<:ES_T\
M_P#UJKF5K`HNUCRZS\M+5)[=&:YC.?+Z!P>U0WB?9KT3Q!?+;DJH^Z??TKUR
M/X3Z#$04N-0X];C_`.M4B?"S0DS^_OSG^].#_2GSH%%H\;,#[F:UN'E)Y4#D
M9KF+ZWD&JB69.5.&91]ZO?K[X2Z9*R-9W5XAS\^ZXQ_):H2_!JVEE/F7DTB;
MLC=.=Q'H?E_6INAV9Y'83B<I%A"6.$7JRY[U/&K2Z@(D+-L)5V_A&/2O4XO@
MEI:>(%N_.GBM0GS)'<DN6[$?+P*V+?X1>';9V:*;4`6ZYN.OZ4^9;!9GDTT.
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M_"C1;82-;7-^';D;I^`?RK+D^$GG3F62]<DC'^N/'_CM',@Y&>9Z6L+-.TKL
M\;2D!>_6G75N\4@*(9%'1L\"O2O^%/VL-@\=K,_GDE@[7+!02?3;S5^V^$6B
MI`GVBZU`RD`R;+GY2?88I\T0Y)'EFDB4SF0[@.@`'3\:U+N^87<<<86-0N00
M.6_'UKTZW^&NC6J,L-Q?`,,',P/]*AD^%>A2X\RXU!L=_/\`_K4G-#4'U//+
M+58)H(UNE(D+X!`_G5D1QP3/*26A!R%')(^E=V?A9H)``FOUP,9$_P#]:@?"
M[1`FS[5J)'O<<_RK-V92BT>?7IBEB0VRD`G/4`?2J$DSVT1@ER`PZ-V]Q7J3
M?##1'7:UQJ!7T\__`.M3'^%>@R`!Y]0.#D9N/_K4=+!9GESSLZ(K*2BC@GN?
M6HXT68NQR"I^]WKU9?A9H2C`GO\`'IY__P!:JMS\+[8`)8W4ZIG),DYR?R6A
M"<6SRZ8)!/&F[,C#()Z8-,EDVLR@\`?,2<`BO3$^$]NUVLMS<R.%&!MG(/\`
MZ#1:?"2R:_N9-0N9_()'D)#.2P'^T2O-,?*[6/.(W!;,,FU0.0:ED(:V)4]3
M@XKU!/A/H"9VSZA@]O/_`/K5/'\,=$CB\L3WQ7T,P_PI:$<C/,IK*:.T6YM&
M"M$H(R,@5B73$L;B>12S<LQX(]Z]HD^&6B2L2T]]@]0)^/Y57G^$OAZYB,<\
MM^Z$8(,X_P`*<G=60^1GAB3M<VDD\$N\+*4.T\9K4TR-)+<1'<\<J'<'/W2/
M[M>K6WP5\,VEL((9]2$88MM^T]S^%6F^$WA]D"";4$`QC;<8_I4*Y2C8\:MX
M);:=FAD^0G"C'%6)W0[6"'S2<-M'RUZ_)\*=`EDWM-?@^T^!_*H+CX2Z+Y1-
MK/>^;G(\RXX_]!JB7!GDUP%%LS!26VDYQC(Q4:LZ6T3;<Y'#?T->G+\)?W3*
MUXWS9!'G$@9[_=_2K1^%EO&;=;>9U1'7S-\Y;<HZX&W@_C3N+D9YQ!I4T]O]
MK<HD)^Z<Y)/H!5CR;F6'[.B"SM&Y+R#!D]SZ_2O57^'.CE<12WD/).8YL'GM
MTJL_PMT61MTEWJ+'WN/_`*U4I)#Y'T/-X+JVTZ%H[-5>?/-PP^[_`+H[5D:U
MJ6+8B#>UQ(<#/(4^M>NCX4:#NS]HU#GK^_Z_I4+?![PV\C.TVHDMUS<<?RI.
M5T"@SP6PTBZGN#<7=_)N<'<D?"L3WSU-1ZS'+9V2WMMS)`P7)ZD=Z^@Q\)?#
MZXVS7XP,#]_T_2H;OX-^&KV`PSRZ@4)SQ<8_I6+B5RNYX!I>J6*:AYUU"H<#
M<V#]T#KGZUUOVBQO+,76G2!H6/W3]Y?_`*U>BO\``;P@XDS)J0\S&[%SU]ON
MU:L?@QX8TY&6UEU%-V,G[3Z?A507*$HML\#UJ/&J%RJOYZ<`MAE*]#["K5NP
M@S+>-M40J6S^M>P7WP3L+J[DGCN9E8G".9R3MQW^7KFEM_@K8JKFYN[F5BNU
M0+H@?4_)6BD'*SQP0M=/'=0RFW0CY0OIZD5M>$E9?'>ADE9/WXR_K7J>G_!G
M2!IR1ZM=7DLXSN,5QA<9XQ\OI6EI_P`*/#NFZG:W]J]Z)K5@T>Z?()]QCFE<
M2BSI9/\`D9K;_KTF_P#0XZT:A-JC7R71)\Q(VC`SQABI/_H(J:I-`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
6BBB@`HHHH`****`"BBB@`HHHH`__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>29
<FILENAME>aif_pg70.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 aif_pg70.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X1#Z17AI9@``34T`*@````@`!`$[``(`
M```0```(2H=I``0````!```(6IR=``$````@```0TNH<``<```@,````/@``
M```<Z@````@`````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````````````$UI8VAE;&QE
M($-R97-P;P``!9`#``(````4```0J)`$``(````4```0O)*1``(````#-3,`
M`)*2``(````#-3,``.H<``<```@,```(G``````<Z@````@`````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````#(P,3,Z,#,Z,3,@,C$Z,S@Z-34`,C`Q,SHP
M,SHQ,R`R,3HS.#HU-0```$T`:0!C`&@`90!L`&P`90`@`$,`<@!E`',`<`!O
M````_^$+(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T
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M+F-O;2]X87`O,2XP+R(^/'AM<#I#<F5A=&5$871E/C(P,3,M,#,M,3-4,C$Z
M,S@Z-34N-3,Q/"]X;7`Z0W)E871E1&%T93X\+W)D9CI$97-C<FEP=&EO;CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.F1C/2)H='1P.B\O<'5R
M;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^/&1C.F-R96%T;W(^/')D9CI397$@
M>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS
M>6YT87@M;G,C(CX\<F1F.FQI/DUI8VAE;&QE($-R97-P;SPO<F1F.FQI/CPO
M<F1F.E-E<3X-"@D)"3PO9&,Z8W)E871O<CX\+W)D9CI$97-C<FEP=&EO;CX\
M+W)D9CI21$8^/"]X.GAM<&UE=&$^#0H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(#P_>'!A8VME="!E;F0])W<G/S[_VP!#``<%!08%!`<&!08(!P<("A$+"@D)
M"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK&B`O,R\J,B<J*RK_
MVP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`*+`CX#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#Z0)"J23@#
MDU5_M2U(R'!'J"/\:EN_^/*?_KFW\JAT^&(Z?!^Z3[@_A%`"_P!IVW]_]1_C
M1_:=M_?_`%'^-6/(B_YY)_WR*;Y=N6V[(]WI@9H`A_M.V_O_`*C_`!H_M.V_
MO_J/\:F6.!L[4C..N`.*=Y$7_/)/^^10!7_M.V_O_J/\:/[3MO[_`.H_QJQY
M$7_/)/\`OD4>1%_SR3_OD4`5_P"T[;^_^H_QH_M.V_O_`*C_`!JQY$7_`#R3
M_OD4>1%_SR3_`+Y%`%?^T[;^_P#J/\:/[3MO[_ZC_&K'D1?\\D_[Y%'D1?\`
M/)/^^10!7_M.V_O_`*C_`!H_M.V_O_J/\:L>1%_SR3_OD4>1%_SR3_OD4`5_
M[3MO[_ZC_&C^T[;^_P#J/\:L>1%_SR3_`+Y%'D1?\\D_[Y%`%?\`M.V_O_J/
M\:/[3MO[_P"H_P`:L>1%_P`\D_[Y%'D1?\\D_P"^10!7_M.V_O\`ZC_&C^T[
M;^_^H_QJQY$7_/)/^^11Y$7_`#R3_OD4`5_[3MO[_P"H_P`:/[3MO[_ZC_&K
M'D1?\\D_[Y%'D1?\\D_[Y%`%?^T[;^_^H_QH_M.V_O\`ZC_&K'D1?\\D_P"^
M11Y$7_/)/^^10!7_`+3MO[_ZC_&C^T[;^_\`J/\`&K'D1?\`/)/^^11Y$7_/
M)/\`OD4`5_[3MO[_`.H_QH_M.V_O_J/\:L>1%_SR3_OD4>1%_P`\D_[Y%`%?
M^T[;^_\`J/\`&C^T[;^_^H_QJQY$7_/)/^^11Y$7_/)/^^10!7_M.V_O_J/\
M:/[3MO[_`.H_QJQY$7_/)/\`OD4>1%_SR3_OD4`5_P"T[;^_^H_QH_M.V_O_
M`*C_`!JQY$7_`#R3_OD4>1%_SR3_`+Y%`%?^T[;^_P#J/\:/[3MO[_ZC_&K'
MD1?\\D_[Y%'D1?\`/)/^^10!7_M.V_O_`*C_`!H_M.V_O_J/\:L>1%_SR3_O
MD4>1%_SR3_OD4`5_[3MO[_ZC_&C^T[;^_P#J/\:L>1%_SR3_`+Y%'D1?\\D_
M[Y%`%?\`M.V_O_J/\:/[3MO[_P"H_P`:L>1%_P`\D_[Y%'D1?\\D_P"^10!7
M_M.V_O\`ZC_&C^T[;^_^H_QJQY$7_/)/^^11Y$7_`#R3_OD4`5_[3MO[_P"H
M_P`:/[3MO[_ZC_&K'D1?\\D_[Y%'D1?\\D_[Y%`%?^T[;^_^H_QH_M.V_O\`
MZC_&IS%`HRT<8'NHINVU](?TH`B_M.V_O_J/\:/[3MO[_P"H_P`:EVVOI#^E
M&VU](?TH`B_M.V_O_J/\:/[3MO[_`.H_QJ7;:^D7Z4%;8=5B_(4`1?VG;?W_
M`-1_C1_:=M_?_4?XU+MM?2']*-MKZ0_I0!%_:=M_?_4?XT?VG;?W_P!1_C4N
MVU](?THVVOI#^E`$7]IVW]_]1_C1_:=M_?\`U'^-2[;7TA_2C;:^D/Z4`1?V
MG;?W_P!1_C1_:=M_?_4?XU+MM?2']*-MKZ0_I0!%_:=M_?\`U'^-']IVW]_]
M1_C4NVU](?THVVOI#^E`$7]IVW]_]1_C1_:=M_?_`%'^-2[;7TA_2C;:^D/Z
M4`1?VG;?W_U'^-']IVW]_P#4?XU+MM?2']*-MKZ0_I0!%_:=M_?_`%'^-']I
MVW]_]1_C4NVU](?THVVOI#^E`$7]IVW]_P#4?XT?VG;?W_U'^-2[;7TA_2E6
M.!ONI&?H!0!$NI6S,%W@9.!DC_&K59^K0QKI[%8T!W+R%']X5H4`0W?_`!Y3
M_P#7-OY4S3_^0=!_N"I+O_CRG_ZYM_*H]/\`^0=!_N"@"S7SUXKUG7-%_:$U
M/5M)^T7D&E644USIZ.?WD+##D#ID#FOH6O*;?7_#>F_'K7+36Y(+2_GLXE@G
MF8(DD>T90D]30!5^`&JMK,/BV]%S+<02ZL7@,C$[4*Y`&>E>P5A>%_"&A^$;
M:XB\.VBVL5W)YTBJV0S>M;M`!1110`4444`%%%%`!117GGCKQ-XDL_&VD>'?
M"AA%Q?6TDY\Z,,/D//)Z<4`>AT5Y?N^+G][3O^_:?XTN[XN>NG?]^T_QH`]/
MHKS#=\7/73O^_:?XT;OBYZZ=_P!^T_QH`]/HKS#=\7/73O\`OVG^-&[XN>NG
M?]^T_P`:`/3Z*\PW?%SUT[_OVG^-:7@G7_$UQXJU+0_%A@-Q:V\<Z^2@`PV>
MX^E`'>T444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110!C:X-^H:5&Q.Q[@AESPWRGK5_\`LZT_YX)5#Q(?*@LKI.)8KN)5
M)Z89@IX^A-:LTHA@DE(9A&I8A1DG`[4`0_V=:?\`/!*/[.M/^>"5Q\'B37]1
ML;>6RMY8I8[IHKB.>U*F53RI7/`&",D^AK9T#4-7N].OH]2B*7MNY5',>U7R
M,J1ZT`:LFFVQ1@L*@D8!QTKSWX:ZQ!>+JEIKE[#+=)?O'")6`9AT``_"O.]0
M\??%V4BV%G=?--L)M]-*,!D_Q?UKFM`\!^)M3\97&EZLXT^_G/VF"XN'*OUR
M=K#G)YK";]Z,CKP]3FP]6G&',W9W[)/4^K?[.M/^>"4?V=:?\\$IUC"UM8P0
M.Y=HHU0L3DL0,9)JQ6YR%7^SK3_G@E']G6G_`#P2K5(<XXH`K?V=:?\`/!*/
M[.M/^>"5P4/C/7H?%VOI=VL[:3:1EK51:%#E&PYWGALC)%78_'UW?2BVLM#U
M2&26S,T<\UM^[5F1B@/N"O(]Q0!V']G6G_/!*/[.M/\`G@E</IOCO6998;>Y
MT+4FDF$*+(+;:BNR9<G/09S6GJWBK4-/TC3M9&GW;6@+B^M4M]\_W3MV@?[6
M*`.E_LZT_P">"4?V=:?\\$K@M/\`&_B!UMK2]TF]%T&(GF%KB,XY./J",?0U
MKV'BZ]U&#4HFTR]L9X+;SX9;B#Y&R2H`QU.1G'H10!TW]G6G_/!*/[.M/^>"
M5Y[X>\9^)K>"&V\4V4T]_=3K!$+>VV!3C.3_`+..<]!TJ]<>,]934(632+Y;
M6!Y?M<9MLLRJA*A2.I)'&*`.T_LZT_YX)1_9UI_SP2N,B\?:C=0V[0>'M51I
M02PDMP-O`(S^>/P-;.F>+X;V.))['4()RP1UDM6P"3C.<8Q0!M?V=:?\\$H_
MLZT_YX)5H=.:*`*O]G6G_/!*Y['V?XJVT$)9(6TAW,8/REO-'./6NKKE)O\`
MDKMK_P!@63_T<M`&]J__`"#F_P!]?_0A5VJ.K_\`(.;_`'U_]"%7J`(KO_CR
MG_ZYM_*H]/\`^0=!_N"I+O\`X\I_^N;?RJ/3_P#D'0?[@H`LU\@_';3[[5?C
MY]ATF,RWTZ0)`B]2^T8ZU]?5\R>-?^3O]$_Z^+;^5`'LWPVU/Q-=>&X;/QII
M$]CJ=L@1YWVE)P.C`@]?45VM)@4M`!1110`45FZYKEGX?TN34-3D,=O'C<RK
MD\^U<OIWQ9\/ZKK=MIEB;B26YD$:,8\*"?6LY5(1=I/4ZJ6#Q-:#J4X-Q6[2
MT1W5%-4YIU:'*!KSC7O^3A?"G_8+NOZUZ/7G&O?\G#>%/^P7=?UH`V/%?Q!T
MWPMK-EIEPC33W)#2!>D498+N/XD<>F:-0\:/:>))-+BM;>9$@\SS?M(4ID<%
MQCY5/8Y)]JFUG5?#EGK;V>IV9EN;M$2:46^]54G:H9NV2:JWL7@Z+QI_9<UF
MDNLW-HTS1*A8O$@`Y['VH`U?"?B$^(]*:XFMA:W,,ABFA5]X5AZ-W&.:WJY?
MPSJVA)8WEMI=I-IL.G-BX2YB,>PD9R2>O%:UAK^EZG<&'3]0@N)`"Q2-\G`.
M,T`:5%`Z44`%<+IG_)<-=_[!=M_-J[JN%TS_`)+AKO\`V"[;^;4`=U1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`&+X
MH_Y!EO\`]?L'_HP5M8K%\4?\@RW_`.OV#_T8*VJ`#%)BEHH`3%>7?$Q3HOC'
MPWXD3[L<WDRGV[?S->HG..*^??C9XPO_`.UKS0'M9C!;F.6)U`8$GH>!D5C7
MCS0:1Z&78F&&Q,95/A=T_1JQ[^CAP&4Y4C((J2O%_@]XS\0ZUKTNFZG<RW]G
M#;+B;R@BP$<`$XY)Z5[16L9*2NCSDT]@HHI"?>F,BN+6*[MW@N4$D3C#*W0B
MI%0(@11A5&`*02HS;5=2?0$4!U(^^I[]:`*FL37=MI%S-IMO]INTC+0PEL;V
M[#-<18>*_$]K#-+=:9-K$*1@OY,'DR1RDX\I5)^;'<]A7H1=!R67\32[E/5A
MGZT`<-#XR\337L]F?"Q22.18PSSG9SCDG'3G]*)_%7B@7Q4^&9?)M@PF"/N,
MT@Y`C]5Q@Y^M=N[HH^9U&/4XH9XPIWR*`.N6QB@#@/\`A+M:=;#4[OP;,S&)
MV#12;GAP<.,<=5Y'J>*[;2+NXO\`28+J\MFM)95W&!CDIZ`^]6@R#G<.G7-*
M&49PP]3S0`['UHIAD4<EUQG'7O2AUZ[QCZT`.HIAD7^^OYTN\>H_.@!U<I-_
MR5VU_P"P+)_Z.6NKKE)O^2NVO_8%D_\`1RT`;NK_`/(.;_?7_P!"%7JHZO\`
M\@YO]]?_`$(5>H`BN_\`CRG_`.N;?RJ/3_\`D'0?[@J2[_X\I_\`KFW\JCT_
M_D'0?[@H`LU\Q^-3_P`9?Z)_U\6W\J^G*P[KP7X<O?$,6NW6CVLNJ1$,EVR_
M.I'3!H`W****`"BBB@#COBG#YWPVU8<?*BMS_O"OGKPK-]F\7:7-TV72']:^
MD_'=N;GP+J\>T-FW)P>G'-?+EA*R:A!+!N=XW63$8W$`').!7C8]6K1D?I/"
MDHO+<1"3ZO\`&)]B@T$XK@)OBWX?CB":<T^HW/E"3RH8R`?7DXS6EXMU"[U#
MX7ZAJ'AVXF@NY;(S6TL(RZGKQ[]J]:,XR=DS\S4X-N*=VC2\7>)[7PCX9NM8
MO$:985^2!&`>9B>$7/4FO)?#=MK,WQV\/:]XDG?[9JVG7,J6>"JVD8&%3!YS
MZ^]5OA[XED\5^(+23QMH^K7MYYL8LH;FU8PV3*H!EW$`98Y/2NWUW_DX7PIG
MK_9=U_6K+-_7/#%CJGB2PU"[U2>VN821;6ZR@(QZDA>YQWJ>+0]-EUZSU5[Q
MKF_TB&6W+M("0),%M_OP*BU[1]-OO$VDW\E[;VNHV+.R;G`D9&1EP`3ZD'IV
MK)T7P]9Z-!K$\'B"VGM]0E_>N95"H=I!!.>IS^E`&W8Z?HFH:%?:987J7=O<
M/)]HDBF#L&<DD$CZ\>U+IWA#3-,UE=2MB_GK&8QEN,&N?\.^#+W1/!6IVMOJ
M"7MU=0L(;J#`)'\(XXX'&:Y"#X=>*KW[$MQ<2Z;:+<.\NZ<DQJ(R`3SZX-`'
MM:7$;NZ(ZLR?>4'E?K4=KJ%G?QL]C=0W"(Y1FBD#!6'4''>N3M/"QTU]:U%-
M52/^T[>-#=,V-C*-I?)..:HVWPXNM/TZYM=)UMX$G$<B^7'@><I.Z3KU8$?E
M0!Z&#FN%TS_DN&N_]@NV_FU=+X9TJ?1/#UKI]W=M>30)M>=NKGUKFM,_Y+AK
MO_8+MOYM0!W5%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`8OBC_`)!EO_U^P?\`HP5M5B^*/^09;_\`7[!_Z,%;5`!1
M110`56N[*&ZMIH98T(F0HQ*@Y!&*LTC#(H"]M4><?#&]ETN_U/P?>!=VFN6M
MY"-I>,G\S7HXKSWXDZ5>6D,'B?0@8K^P?,[Q</)#W7/<#K77:)KVGZY80SZ?
M>0SF2(.420,RY]0#D5A3O&]-]/R/3Q_+62Q<?M?$NTEO_P"!;HU:P]8\-'5M
M3MKO^T;FV6$!7AB;"RKGD&MP=**W/,.1TKP''I>HVUVFI3R/;LY&0`7WG)W>
MM5[WX=R74LC1:_>VZN%^6,#Y<$G`]CGD>U=M10!PE_X!!N[C4;K7[E$^23:0
M!'%L'4>E5+?0+2?5[%4\13R23*9XD5U^;G//.3CM[5WU_86VIV4EI?0K/;RK
MMDC;HP]#5&#POHUM>V]Y;Z=!'<6JE(95',8/4"@#G)M&TW7=5NKD:^LL3,F8
M0ZL`58'KGID=*LZOX8M=:BU*W&KB."_?=+&JJ2KC;T/7^'I[UK0>$-`MFW6^
ME6\9SG*J1WS_`#YIR^%=&29YHK"))6R2XSG)ZGK[T`<H/"UC)XEMXAXEE.P^
M:MHLBX9,XV=<D5%J7A>V2VO(5\17B36\'ERK&Z[F#.&7(SVQCZ&M[0O`NF:7
M,;FY1+V]#Y2Z=,,B@Y"CGH#6N/#NDK?SWOV&+[3<*4EDP<N#U!_*@#E['2K#
M4M/DT:UU:1Y?-%R9V*NV=NT@?3UI8?AJT4TS-XAOY$D@2$1G`5=IR&'OVKJX
M-%TZUNTNK:SABFCC\M71<$+Z5?%`'%MX"DDU2>1M5E6U:9)HHE'*8'*Y],\T
MZQ\!2V5S:3C7KV9[>Y>;]YR'#?PD5V5%`"#@<URLW_)7;7_L"R?^CEKJZY2;
M_DKMK_V!9/\`T<M`&[J__(.;_?7_`-"%7JHZO_R#F_WU_P#0A5Z@"*[_`./*
M?_KFW\JCT_\`Y!T'^X*DN_\`CRG_`.N;?RJ/3_\`D'0?[@H`LT444`%07%Y;
MVD1DNIHX4'5I&`'ZU/7G?Q:TU+G1[2\GYBBD,,H?[BJ_\9^A`_.HJ2Y(N5MC
M.K-TX.25[%[7_B;I&E1$Z<4U:8-M,-O*`P/XBN*UCXQ:O<0A](LX+",21Q2_
M:/G="_?(XX-<4D4Y7;`RHS\H&'"RQ\`GV([56G@MKZ[:V9C&;N/.P'GGG./4
M/7D/&U*CM'0\*68U:CM'3TU9KZUJNL^(K?R=1U2Z<7,3PM&C;`)>HP!CTZ>]
M<%X&U&31?&.FW,Q`VRF"?=QD="#]:[G1M!\27OE6\6D7CW#`2HTD)CC613@G
M>>,,*YGQEX-U+P_XGD.H(MK]JQ.B*=VT]P#TZBLY0J2A-5]FK7/I^%X8RMBI
MX>2;4E^*]?)G::W9KI&J2Q1CY+&Y!0=`J/V^@!KT'X2HT-IJ\1NI)E^U!XXF
M;(@5AP`.P-<K\-=-L/'MCJ$/BB:6[NXXTA^5_++1`8R=O4]LUZWH7AK2_#=G
M]FTBW\I3C<S,69\=,L>36N68:=.$9R=]+'%5RJMEV/J1J66KT];-&MVKSC7O
M^3A?"G_8+NOZUZ/7!>+_``SXDN?'VC^)O#!T]Y-/M9;=HKXL%;?W^6O9-RYX
MK\(S:_JD-U%):PRV[*\$S0;G4@_,&/=2.PK'NOAF;RVOH99X(;>\N(YY8(+?
M:I90P8J.@!W#KZ&M#S_BC_SY>&?^_DU'G_%'_GR\,_\`?V:@#G?%?AK5]%\(
MZ'IVGRW%Y'8I.CQ6VY/-9E_=G@Y&T\^]1Z7X(US5HBMY?7=C+#;PQR-,SGS5
M,#*R$;L?>()-=+Y_Q1_Y\O#/_?V:CS_BC_SY>&?^_LU`"ZIX*N;_`,!V7AJP
MNELXX\"=Y$,@=0#Q@GN<'\*YK4]'U^POM)LKAKG4KB..&!+JW+QH@5SEBN><
MK@'/I72_:/BC_P`^7AG_`+^S4GG_`!1_Y\O#'_?R:@#N$^Z/I7#Z9_R7#7?^
MP7;?S:CS_BB/^7+PS_W]FI_A30?$D7C/4_$'B@:?')=6T5ND5BS%0$SR=WUH
M`[>BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`,7Q1_R#+?_`*_8/_1@K:K%\4?\@RW_`.OV#_T8*VJ`"BBB@`HHHH`Y
M'XB^$+CQEX=2PL]0>PE24/YB[B".X(!&:\R^%G@<^&_BWJT=W?#SK.`"*-$,
M8F!ZN1W%>]'&*\O^*-[9Z%<VGB73=0M8=6L7"/$TH#31'JNWO651N*YET.W!
MPI5)NG4T<E9/HGTOY=/F>H+]T4M>0ZG^T7X7L8H_LD%U?R8!F6--@CXYP3U_
M"O3]%U6+7-&M=3ME=8;J)98PXPP4C(S6IQ-6=GT+]%%%`!1110`4444`%%%%
M`!1110`4444`%<I-_P`E=M?^P+)_Z.6NKKE)O^2NVO\`V!9/_1RT`;NK_P#(
M.;_?7_T(5>JCJ_\`R#F_WU_]"%7J`(KO_CRG_P"N;?RJ/3_^0=!_N"GW?_'E
M/_US;^5,T_\`Y!T'^X*`+-%%%`!69X@T.V\1:%=:7>Y$5PN"1U4@Y!_,"M.B
MDU<-SS2#X/0B8M=ZY/(GF"0+'"(R"!CKGO70V/PX\+V+QR?V9'<31C"S7'SN
M!G/6NJHK.%&G#X58QIT*5/X(I#8XDBC5(QM51@`=`*\J^.FC1S:!:ZNH(EMI
M1$<=U;_"O5ZYOQ_I9U?P-JEK'$)93"7C7_:'-*O#GI2B>SE.)>&QU*K>UFK^
MCT9XY\$]0:T\=-;9&V[MV4Y/=>:^A@>*^4?!.I1Z1XUTR\GE\F%)PLDAZ*IX
M.:^K49'0,A!5AD$=Q7)E\[TG%]&?0<84.3'1JI:3C^*_I#J***]$^,"BBB@`
MHHHH`**Y*7Q_!_:U]86.B:OJ+V$WDSR6EN&17P#C)(]:7_A.)_\`H4O$7_@(
MO_Q5`'645R?_``G$_P#T*7B+_P`!%_\`BJ7_`(3B?_H4O$7_`("+_P#%4`=7
M17*?\)Q/_P!"EXB_\!%_^*H_X3B?_H4O$7_@(O\`\50!U=%<I_PG$_\`T*7B
M+_P$7_XJD/CF8#)\)>(O_`1?_BJ`.LHK#\*>*[#QAI#:CI:S)$DK0LLZ;65U
M.""/K6Y0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!B^*
M/^09;_\`7[!_Z,%;58OBC_D&V_\`U^P?^C!6U0`4444`%%%%`&/XIM=3N_#M
MW%H=V]I>[-T4D:@L2/X1GIGIFO(9/A%JOB30+B_\8ZM=07D:%U66-9"I`R3D
M&O=JP_%UP;;PCJLD?WEM7`Q[J:B:5KOH.%)5:D8OJUUMU/%_A)\)M`U[3KC5
M==$M[LN&ACB8[4('\1'>O?;*S@T^SAM+2,100((XXUZ*H&`*\O\`ACXY\(Z5
MX'MK.ZUNSM[I,M/&[$,"3U->@:-XJT+Q#-/%HFIP7LEMCSEB;)3/3-11=X*^
M]CLS'V<<;5C3V4G^9KT49HK8X@HHHH`****`"BBB@`HHHH`****`"N4F_P"2
MNVO_`&!9/_1RUU=<I-_R5VU_[`TG_HY:`-W5_P#D'-_OK_Z$*O52U?\`Y!S?
M[Z_^A"KM`$5W_P`>4_\`US;^51Z?_P`@Z#_<%27?_'E/_P!<V_E4>G_\@Z#_
M`'!0!9HHHH`****`"BBB@`IDJ+)&Z.,JP*GZ&GTAQTH`^3_&.C?V!XMU#3UX
M2.4M'[*>17T;X#U<ZUX*TV\9MTGE!)/]Y>#7E7QRT>6#Q%;:LL8\BXB$9<8^
M^O8_A6[\#-<ADTJ[T620^?%)YR(<\J>I_.O(P_[K%2AT9^AYQ_PH9%0Q2UE"
MU_R?XV/7**!THKUS\\"BBB@`HHHH`X;P#_R-'C7_`+"Y_P#0%K1U?QU9:/XJ
MM-$FA9WGV;YA(`(BY(4$=3DCMTK.\`_\C1XU_P"PN?\`T!:OWB>$+_Q?_9=]
M;6L^MO'YVUXB6VKWW=.*`(#X[G6?4(9-#D62Q3S&/VN,KMW8^9NBG'S8/.*W
M/#>MGQ#X?M=3-E-9&X!/D3XW+S[=:QI/^$-L[K4M$:&V21$^W7MOY+8(^]O;
MU]:T%\5:#;>&IM:6]6/2[0[9)@C87D#&,9[B@#>HK"\.^,]!\5O.F@:@MVUN
M`9`$9=N20.H'H:W:`"F3?ZE_]T_RI],F_P!2_P#NG^5`'F_P,_Y$S4/^PM=?
M^AFO2Z\T^!G_`")FH?\`86NO_1AKTN@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@#%\4?\@RW_P"OV#_T8*VJQ?%'_(,M_P#K]@_]&"MJ
M@`HHHH`****``]*\L^-_GV7ARVU%+V:WMD<P3I&Q`8/QD@=:]3K-U[0K#Q'I
M,FFZI;QW%M(0621=PX.1Q2:NK":NK'Q7"!X7ULW6J)--9W";DCA92Q!X!^;C
MUKTSX8^-+K39YF\(^&IKI+ZY595G)\]P``#N'R@"O4O&WPITC5?#SKH.D65O
MJ46&B<1@%@/X<]@:RO@_XA%N;GPKJR^7>VS-Y2D9X'WER/2N6_)44'UZ_H>E
M'+WB<)/&0DN>+]Y):V[^AZTA)C4D;21R/0^E/IH(Q3JZSS@HHHH`****`"BB
MB@`HHHH`****`"N4F_Y*[:_]@63_`-'+75URDW_)7;7_`+`LG_HY:`-W5_\`
MD'-_OK_Z$*O51U?_`)!S?[Z_^A"KU`$5W_QY3_\`7-OY5'I__(.@_P!P5)=_
M\>4__7-OY5'I_P#R#H/]P4`6:***`"BBB@`HHHH`*0_2E/2O)/BS-JEAXCT^
MXLKZYA@N8&A"1R,J[QDYX[\BLZL_9P<NQE6J>R@YVO8VOC'8QWO@*>7Y3):R
M+(O(R!G!_2O(OAAK4>C>.K22298X)@8I69L``C.3^-07%Q?7^FO'/=3RF;22
MN'<G,@//XU+\/1:3^&O$MK+#$9E1)U+*"P5.N/:OG\5C(Q:Q"CM;\[7_`!/I
MLDSSVF3XG#\ETN[_`)KKMW1]#+XMT-I(HUU2V9Y6V(`V=Q]*V`Q/:OFB:1XH
M+J?3XX_/$"3P#H-Q/'->XW+Z_J?PR9[:"&+7;BPR(UD(192O9NOXU[.%Q/UA
M-VM8^0P>+^LINUK'3"12Y0$%EZ@'D4ZO!OAC:>/)=$FTJZN[2TU.&5OM0U-9
MC=;2>&W9^9?2NNNOA]XKU`-]I\5FW)7:/LS2+@>O)ZUUG<>ETF>>E>1GX&W\
M^#<?$3Q*I`P/*NB/YFM.Q^#[V;9/C?Q-,=N/WEWG\>E`&CX!_P"1H\:_]A<_
M^@+6QJ&@6]UXMM-:CNEAO+:VDA1`!E@W\1[G%<W\*]/_`+*U/Q;8_:I[KR=5
M(\ZX;<[_`"`\FM[4=&EN/'NFZNES$L%K:S0O$6^9B_0X]*`,=_A=H5UK+ZLU
MU<R-,KK<!)SME+').<\#VJ_I_@2PMO!]UH5K>/-:7=S]H\QB'(^=6V^A'RXI
M?#&E7NA:(-.GGM9HY9[AY)!)]T.Q*@?GS6:-#U;PU\([73XI)KG4M/(?_1`S
M-+B0MM`')!!Q0!K>$O!%MX1N)Y;6=Y3-&4(*@?\`+1WS_P"/X^@KJ!*I!(((
M'4@]*\A\.Z9X[O+>9+PS62ZA$6DDNI7!MU,K-\G/#`8&/2NDLO"VMVG@_6-%
MN+Z)7OKZ5X;H2'*Q2OD_\"`.`*`.Z219$5XR'5N0RG((I)3F%_\`=/\`*O,?
M^%?>)],TA++1=<+BWO7N8?-D=0R/&5,9P>%4D$"O0]/@FM="@@NW\R>*`)(^
M<[F"X)H`X/X&?\B9J'_86NO_`$8:]+KS3X&?\B9J'_86NO\`T8:]+H`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`Q?%'_`"#+?_K]@_\`
M1@K:K%\4?\@RW_Z_8/\`T8*VJ`"BBB@`HHHH`****`(+R4VUI-.%WF.-GVYZ
MX&<5\K^)_B0(/$D7BC0-.32[Y&_>PM+YBR'OD#%?5Q`92&`(/!![UC3^$?#\
MRNK:'IWSYRWV5,_7I6<X<]K]#>A7J4)7IRLFK/S3Z'`?"/XC>(?&MY-'K%G%
M]G^SF9;B&(HJ-NP$YZ\<UZS7E.CFY^&&N2V.K!I-`O'S;WW)$![*PZ**]2CF
MCDA65)%:-EW!@>"/7-%.?-H]T7B,,Z#33YHO9]_\FNJ)**165E#*P8'N#2UH
M<H4444`%%%%`!1110`4444`%<I-_R5VU_P"P+)_Z.6NKKE)O^2NVO_8%D_\`
M1RT`;NK_`/(.;_?7_P!"%7JHZO\`\@YO]]?_`$(5>H`BN_\`CRG_`.N;?RJ/
M3_\`D'0?[@J2[_X\I_\`KFW\JCT__D'0?[@H`LT444`%%%%`!1110`5Q'Q$\
M,WOB#^RWT^#SGM)G<C<!U`'>NWHJ914ERO8F45.+C+9GEFF?"IYK6)M0N9;2
M12[;$16'S?P_2O')H;[P5XHU2UM)_P!XJ2V;F6('<C'KCUKZU89%>%?''0)8
M-9MM<A7,$Z"*4\#:XZ?G7F8S#0C1?(O7T/I.%*6#ABY8:K!<M16^:=U^ITG@
M_P"'6BZMX8L]0N[JZN6NK9%;;)L&!QC`KTNRM(K"QAM+<$10((T!.2%`P.:\
MY^"&IK=>#YK)F_>6LYX_V2./ZUZ8*[</R.FI15KGD8[!0P.+JT(1M9O[NGX"
M;%W[MHW>N.:=1170<@444&@#AO`/_(T>-?\`L+G_`-`6L;Q=X6UO4?&TEYI%
MA(OFQ!/[0%Q]Q<<J(R<9]Z6PU+7O"GBSQ,1X.U;4H+^_\^"XM?+VLNT#NP/:
MM;_A8.M_]$\\0?\`D+_XN@#@8?"7C"'1ELKGPQ;W4DTQ5KD2!#;QX^\J@X+'
MIGJ,YKIOB%>ZKIVJ:-;:<;LEXXT00RLNQMZ`DX^]QGK6Q_PL'6_^B>>(/_(7
M_P`736\>ZPS!F^'.O%EZ$K#D?^/T`<=8:9XM\1:/XFCE34#&S2I;,UT5\]ED
M^4`'[H'/UKK?%?AK5O$<FFP(LL5K869G0+)RUUC:H8GKM^]]:E'C_6AT^'>O
MCZ"+_P"+I?\`A8&M_P#1//$'_D+_`.+H`YC6M3\2?\+,T2T3[8JRR0&98W.Q
M%V-O4CH1D`YKUZ3_`%,G^Z?Y5PW_``GNL[]__"NM>W8QNQ#G_P!#I7\?ZVT;
M*/A[X@Y!'_++_P"+H`H?`S_D3-0_["UU_P"C#7I=>?\`P<TC5-'\'W,>MZ?+
MI]Q/?SSB"8C<%9B1T)%>@4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`8OBC_`)!EO_U^P?\`HP5M5B^*/^09;_\`7[!_Z,%;5`!1110`
M4444`%%%%`!7-^,O'&C>"=.2YUJZ$!FR(5*,V\CMP*Z2LC7_``UI_B2""'4T
M9D@E$J;<9R/J.E`'BFM_&^^U;3Y[*VTNR2*X0^7+(2^Y3_LD=<<UQO@VX\>Z
MOXPM]$M;J[;3S&R[9OE1(&')5&X.,\5]3QZ/I\<4<8LK<B,84F%>/TK$\9>%
M$\1Z"]K:R?8[N/#P2QC;AAT4D<X]JR<9*\MV;8>S?LZTK1?W)]["?#SPO-X1
M\*)I=Q>W%XR2NP><@D#/`&.V.?QKJ:XSP-XN75;?^Q]4"V^MV(\N>W]0O\0/
MI78AE..:N$E)705Z$\/4=.INOQ\UY/N.HHHJC$****`"BBB@`HHHH`*Y2;_D
MKMK_`-@63_T<M=77*3?\E=M?^P+)_P"CEH`W=7_Y!S?[Z_\`H0J]5'5_^0<W
M^^O_`*$*O4`17?\`QY3_`/7-OY5'I_\`R#H/]P5)=_\`'E/_`-<V_E4>G_\`
M(.@_W!0!9HHHH`****`"BBB@`HHHH`*Q?%'ANT\4:'-IUZ#M<95UQN1AT(S6
MU0:32DK,NG.5.:G!V:V9\S>&=;U#X>^.9+29O+A$WD74<G(VYX;COBOI2"5)
MH$EA8/&ZAE8="#T->1?&CP:)X1XDL44/$NV['3<O9OK5KX,>+_MVFMH%[*[W
M-MEH2><Q^F?:O.P[=&JZ,MNA]EFU.&9X&&9T5[RTFOU_KHSUBBD!Z4M>D?%!
M1110`445RWQ"U[4/#?A.2_TGRC=F:.*/SAE1N;&30!U-%<&++XHD`_VQX=Y_
MZ=Y/\*/L/Q1_Z#'AW_P'D_PH`[RBN#^P_%'_`*#'AW_P'D_PI?L/Q1_Z#'AW
M_P`!Y/\`"@#NZ*X3[#\4?^@QX=_\!Y/\*/L/Q1_Z#'AW_P`!Y/\`"@#NZ*X3
M[#\4?^@QX=_\!Y/\*H3ZSX[\/>*/#]KX@O-(NK/5;LVS+:1.KKA"V<GZ4`>E
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!B^*/^09;_P#7
M[!_Z,%;58OBC_D&6_P#U^P?^C!6U0`4444`%%%%`!1110`4444`&>:R-<\3:
M+X<MC/K>HV]F@_YZ.,G\*OW]L]Y83V\<KP-+&R"5#ADR,9!]17A.C_`+6M5U
M1K_QQKKS?.R[0QDE=,\;F/%)B9RWCCXH16GQ!AUWP;&(NTCR1L@FQZC/->H_
M"OQEXS\6ZBUQK>G)#I4D.\3>64&_T3U%1>-OAMX:\/?#.]_LW3(S-;8E6XG_
M`'D@['YCS79?#@@_#W1_^N`K".E7EMTN>G5IU*N!AB*D[M2Y4O*U]SJ!2T45
MT'FA1110`4444`%%%%`!7*3?\E=M?^P+)_Z.6NKKE)O^2NVO_8%D_P#1RT`;
MNK_\@YO]]?\`T(5>JCJ__(.;_?7_`-"%7J`(KO\`X\I_^N;?RJ/3_P#D'0?[
M@J2[_P"/*?\`ZYM_*H]/_P"0=!_N"@"S1110`4444`%%%%`!1110`4444`4]
M2L+;4[">RO8_,@G0HZGN#7SGJ<-Q\,_B3FQWI#`X:(N=Y>(]<],\5],5Y_\`
M%KPH_B#PU]JLP@N[',@S@;D_B&>OX5QXNDYPYH[H^BR#'QP^(="M_#J>ZUTU
MZG9:1J=OK&EV]_92"2"=`ZL*O5XQ\%O&,$47_"-70?SFD9[=P,@C&2#Z=*]F
M#`C-;4*JJTU)'GYG@9X#%3H2V6WFNC%HHHK8\T*X;XN_\B,/^OVW_P#0Q7<U
MPWQ=_P"1&'_7[;_^AB@"3QSK/B.QDT^T\)V+W4\B/).1&&"J%^7DD`?-CCTJ
MA'XRU#4]:\/V^G":U:XC62_2[M7"8((V@XP&W#\JV/$_B;4-(U;2=+TJUMYI
M[]7.^YE\M5V+GK[UFZ#\6-*UDP036UQ;7<D>9$*Y56^;@'N/E/-`&WX)U+5-
M3T:>;6T*7"74L:C9L^16(!Q].]='7$Z/\1[+7]<MM/T^UE!DDECD>4[0I10>
M/[V=U.UOQM<:/K3(]G&^G131V\CB3]\6?H0GH*`.THKA!\5=%PF8;G<[A%`3
M/'EL^?\`OE&X]<5:M?B3H]XYBA2=91(\9$@V@%8UD/)_V6'X\4`=C7`_$/\`
MY&[P)_V%V_\`1+5)-\3M-L[@+<03B*<H;=MN"RM&)/F_NG!Z57\=S+<>)O`$
MT>=LFJLRY]#"U`'H5%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`8OBC_D&6_P#U^P?^C!6U6+XH_P"09;_]?L'_`*,%;5`!1110`4444`%%
M%%`!1110`5B7GC#P]IVI'3[_`%BUMKL#)BEDVD?GQ6W7B_CSX$7'BCQ'?:U9
MZM$LUU('$-Q%N51C!&:3OT$[]#T+Q5]E\0>"-4MK*Z@N/-MFVF*4-VSVJG\*
M]W_"N=,W9^ZPY_WC7D:?!GQQIOF)936PA(VYBO#'\N/3%6?@YX4\9Z?=6FKP
MW"7&GM<-%/#+>,5C4'!*ITS6-_WB;.J%>H\)*DXNW,G?HM&OQ_0^A:*R]8U"
MYLT1+&!9IF.XAS@!!]XY]<=!7.ZQXSO['3+B^MK(&-+J**,LK,6C;JQ4<Y]J
MW.8[:BHK:3SK>.7^^H;TZU+0`4444`%%%%`!7*3?\E=M?^P+)_Z.6NKKE)O^
M2NVO_8%D_P#1RT`;NK_\@YO]]?\`T(5>JCJ__(.;_?7_`-"%7J`(KO\`X\I_
M^N;?RJ/3_P#D'0?[@J2[_P"/*?\`ZYM_*H]/_P"0=!_N"@"S1110`4444`%%
M%%`!1110`4444`%0S-&(W\TJ(]IW;CQBIJ\N^,&CL19ZY%-(K0J8&C#D*<G*
M\#WK.I/D@Y6O8SJS]G!SM>QY]XILH?#OQ&6[\&2"]53]I6*V^?R<'YE..@KT
M6V^,=H]^+"YTBZM[F/8+@2.H"%L<CN1R*\^\/7L*ZI$X&(;ABS$8#$2C9^A-
M5/%T$EAXLMI-1`)N8S9R/%]U608)R?4,N/H:^=IXZ4,2Z25E)77ZF^*SNOF6
M"C.<5S4]+]6O/Y'TJTT<4+22.JHJ[F8G@#US7'Z)\3='US5;](9H(=,MCY<5
M_+,%6Y<?>V#N!TS53X7::)?A+;:7>W#7*$30/(#@E=Q'7Z=ZI^#/A5_PANJW
MUE;R0W7AV8>9;K,29X9.XSC!6OI8M22:,XM22:ZG2S_$CP;;!O.\2Z<NW@CS
MP2*X;XE?$7PEK'AB*PTS7+:ZN9+R`JD39SAZ]232+!(U065N0HQS$O\`A7&?
M%BQM(/!`>&T@C;[;;_,L2@_?'M3&7O'&LZ#IL-DFLZ9'JES(1Y,!0$HIX9R3
MT`_7I4/B2]L-`NM','ANVO7O'6UMA&%#KD9(`[`#)-6O&6N:9I=JEOJVGWEQ
M%+"9&EMHP0@7G!;MG%9$_B'P_IVNR7#V.IO<V47VH'`*_OBBX`SUZ8'L:`-#
M6M8\*^&=4M[6[TM1(CHZ20V^5B=\A3D="=IJC=^,?#<Y&K?V#+=W8\ORV:W`
MD=';8'4GL#Q6)K]GI?C@6'C"2_N+"SMY?)^R2*JR221LPQC/KD^N*FTO0O">
MF:2=+EGO9SJB(\DPN!V.Y=IS\N3V%`&_K^I:#X:U&RM/[!@E^T8EF944>0I(
M3<1WY?'T)IHF\(:UXG33VT]&NK.[E@V&+"&4(A8D=_E*X-.M=5T'4O!VH^*!
M:WGV:XM_)ECDQYA5,J`H[$Y]>3BL^STWPCI>JZ=XQB%ZEU?Q@1K).,*-H4EE
MSC(P`3ZT`=S<Z%I=XFV[L+>9<AL/&#R.`?RKD/B`BIXK\!J@`4:LP`'8>2U=
M[%(LL22(<JP!'TK@_B'_`,C=X$_["[?^B6H`[ZBBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`,7Q1_R#+?\`Z_8/_1@K:K%\4?\`(,M_^OV#
M_P!&"MJ@`HHHH`****`"BBB@`HHHH`****`(YAF%P.ZG^5><?!N[)M-:TTDD
M6=\VW/H>:T/'/Q%3PEJ<-@+!IS)%YDDCMM15)(`![G(KR3X??%K2/#6M:[+?
M6EW(EPYD40*K8^;W(KGF_P!Y&W2]ST<+5I/"UZ<I:^ZTO-/_`"9]*E0:38*X
M;PE\6=$\7ZV=+L;:\MI_*\P&Y55#>PYY-=V.E;IWV/-335T(!BEHHIC"BBB@
M`HHHH`*Y2;_DKMK_`-@63_T<M=77*3?\E=M?^P+)_P"CEH`W=7_Y!S?[Z_\`
MH0J]5'5_^0<W^^O_`*$*O4`17?\`QY3_`/7-OY5'I_\`R#H/]P5)=_\`'E/_
M`-<V_E4>G_\`(.@_W!0!9HHHH`****`"BBB@`HHHH`****`"L'QEHTVN>&+F
MSM%5KDX>$.<+O4Y&?:MZBDTFK,32DK,\A\/_``DNP"^NNL#HK+$;.;[H)R.H
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MS4/!]GJ,5Z);BY26\:)FFC8!HS$<IMXP,5S@UOXJ@`?\(CH_`_Z"%+_;GQ5_
MZ%'1_P#P8T`0^*/AU?+X.L]-\)W&^^MK\W@N;V0;BS$EB3C!SN]*DT;X;R1&
MS74[J58K>V@5HX74B22,Y.<KG&?3%._MSXJ_]"AH_P#X,:/[<^*O_0H:/_X,
M:`-EO`5A)X7MM`FN[V2P@F$NPR`&0`[@C$`?*#SZ\=:Y;Q/\.-7CL["S\&70
M2WC>82K=R@[(I"I9$R#QD$^O-:']N?%7_H4-'_\`!C1_;GQ5_P"A0T?_`,&-
M`'?6D`MK.&!>D2*@_`8KAOB'_P`C=X$_["[?^B6J+^W/BK_T*&C_`/@QJA-8
M>/\`Q)XK\.W.OZ#IUA9Z5>&Y>2"\WLV4*XQ^-`'J5%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`8OBC_D&6_P#U^P?^C!6U6+XH_P"09;_]
M?L'_`*,%;5`!1110`4444`%%%%`!1110`4A)Q2TAZ4`>8ZC\8/`\M]/I^JVE
MW*\4K0N9;'<F5.#@GM7B5]<^$9OB'//-$HTFYN2Q&TKA">N!TQ7T%K_A/P(]
MU-_;_D0S7`WN);HH6&>N,UX)\1_#?AS3?%+PZ--$VGO$IB\N??V^89^M<>)?
M*E)]'T/>R*,JM>=%*+YHOXOEMYGL/@OP9X"MM>M=8T'69+^YC'^C1R7`(3(/
M08!SC->IK]T5X;\)/#7AJ\ATK5!JQDU"TF=ULRZC$@&-V!SC!->Y*<J#713D
MI1NCQ*E&5"I*E-).+:T%HHHK0@****`"BBB@`KE)O^2NVO\`V!9/_1RUU=<I
M-_R5VU_[`LG_`*.6@#=U?_D'-_OK_P"A"KU4=7_Y!S?[Z_\`H0J]0!%=_P#'
ME/\`]<V_E4>G_P#(.@_W!4EW_P`>4_\`US;^51Z?_P`@Z#_<%`%FD&:6O/\`
MXBV4&J>*?!VGWHD>UN+R82Q+*R!\1\9*D&@#T"BO._$_ACP'X4T@ZCJ>D7#P
MAPFV"XF=N?;?T%9E[;?#C3]7&G3Z)?[RJ,LJR3&-MZEAAO,P>`<T`>KT5YSX
M=\->`O$\-Q)I^CW*"W<(XGGF0\J&!`W\C!ZUM?\`"L?"/_0*;_P+F_\`BZ`.
MLHKD_P#A6/A'_H%-_P"!<W_Q='_"L?"/_0*;_P`"YO\`XN@#K*#FN3_X5CX1
M_P"@4W_@7-_\77&7VB6'AKX\^$[31$EM;>YL[EYHA<2,KD="0S&@#U^BBB@`
M/2JUY:0WEI+;7";X95*.I[@]:LT4#3L[H^5]8M+GP)X_=;7,+65P)(#G=\AY
M'UXKZ5\/:Q;Z]HEMJ5HVZ.=`W/4'N#7`_&?PFNI:,-=@VK<6*XDX^_'_`(BN
M6^"_B_\`L[4VT&[,C17AS;^B/W'L"/UKRZ3>'KNF]I;'WF.BLYRF&,A_$I:2
M].O^?WGO5%9.L^(]/T&QEN;Z88C&3&C`N?HN:X.\^-=A<V!F\/:?<32!26%Y
M^YVX..G.?I7H3J0@KR=C\]J584E>;L>I45SW@[Q,GB;0DO"HCN$=HIX_1UX)
M`]/2NAJXR4E=&D9*2304444QA11FB@`HHHH`****`"BBB@`HHSBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@#%\4?\`(,M_^OV#_P!&"MJL7Q1_R#+?_K]@
M_P#1@K:H`****`"BBB@`HHHH`****`"BBB@#S/XD_#&\\:ZQ%>V=S!#LMO)(
MF9ADAB<\#WKQ;QY\)]:\)V]M=WM]9S1SL8AY);@XSW%?6;'%>6?$V[77/#6O
MV)B`ET>:%T;U##)KGK^[!M;GIY12A/&PYU[MU?T;M^;1YS\%O"-QJ6LEIIT6
M&PN%N'$;%6;@X`/UZBOII>E>`_`NX*>,;N#)Q+:EL=N"/\:]_'2HP<N>DI/J
M=6?X.G@\PG2I[:/[T%%%%=9X04444`%%%%`!7*3?\E=M?^P+)_Z.6NKKE)O^
M2NVO_8%D_P#1RT`;NK_\@YO]]?\`T(5>JCJ__(.;_?7_`-"%7J`(KO\`X\I_
M^N;?RJ/3_P#D'0?[@J2[_P"/*?\`ZYM_*H]/_P"0=!_N"@"S7#^-?^1\\#_]
M?L__`*+KN*X?QK_R/G@?_K]G_P#1=`&AXWMO"US8VX\9SQPVPD*Q&29HP692
MI&5/<$CFJ^J1^#="M=+M]6N(+>(1&VL(YYR0RD8^7)Y.#C/7FKOC#P_+XALX
M(/[22RMHY-TZ/"LBSCLK;NV:R?$/@JU\3FVL[K48%DM%"A8[="\:94C;_</R
M]1ZT`=!HECHUG+=C1MF]"D-P%<L5*H`JG/3Y<5J+-&7"K(C$]`&&:R=*T.WT
MN?53;3%OM\PD=<#]V?+"_GQG\:Q='^'-EH^J07T5PSRPRK*&*\G$90C\<YH`
M[6BF"0;BO<<XIJ7$4DK1HZLZ?>4')7Z^E`$M>7^*_P#DX;P7_P!>%U_2O4,U
MY?XKS_PT-X+/_3A=?TH`]0HKFO&'C*W\&Q6,U]8W4]O=3B%YX0-EOG^*0G@+
M[U9\1WL__"(7M_HEPC2K;F2*6/YPP`SQCK0]!-V5S:=U09=@H]2<5@:[XVT+
MP[N74M003*N_R(_F<CUP*\2U"^O]3N1%J-_<7L=U'NB,LA*1R`=O\/:JD4GV
M@V=X1B.=3;7$;C)[@'VZ'\Z\JIF"7P1^\\2KFR7P1^\[?Q;\2Y=5TRXT_2K6
M2U\V`MYLI5O-3H0%QZ<UXM/]HTO4E5+C+QME)HCC!/*L*[$H(M.<$*7TZ3*D
M]=O7:/;'%<[XCM_+C2:VMW>W)VK+&OR?-\RC/^STKC=>>(>O0^BX2SFM_:'L
M:C]R:::Z7W3MY[?,O6MPM]`DUV7FNRI/F2$L=P/S\GZJ<>U2&6-I-UPFV0;@
M?]IQUY_VEVUI_##PC+XMO;NVNKW[-;P!)#Y:[F+<CC/3/->U:9\-/#>F*N+$
M7;J0=]TWF=.XSTK>GA9UESM[GGYKDL\/F%6G>T;W7>SU7X,\Z^%%ZEEXZFM[
ME)C=7=N8"P!V?*=RL1T'R\9KW%>F*9'!%$`$C1<#`PH&!4E>K2I^SBHW-*-+
MV4%"][!1116IL>>>+[^\'Q6\)Z.EU+'87T5P;B*-ROF%0"O(YXKKO^$>L/[U
MS_X%2?XUQ7B__DN7@;_KC=_^@BIO&%IXBU+Q+%?:/*8(-%9)5C)<?:6)^9<#
MAAC'6@#K_P#A'K#^]<_^!4G^-'_".V']ZY_\"I/\:X?Q+IFII;Z_/%?ZLZ2>
M3/"D`RV1UB`Z;3WJQIVC^*YO`$]EJ.HJBR6;O%<0EUNT8\JA&,<#CUH`['_A
M';'^]<_^!4G^-'_".V/]ZZ_\"I/\:GT99(]"L4G+&5;=`Y?[Q(49S[U=H`R_
M^$=L?[UU_P"!4G^-'_".V/K<_P#@5)_C6I0:`.(M)9K'XN-I$$\QL3I`N/)D
MD+CS/,8;LGV`KMZX8_\`)=C_`-@%?_1S5W-`!1110`4444`%%%%`!1110`44
M44`%%%%`&+XH_P"09;_]?L'_`*,%;58OBC_D&6__`%^P?^C!6U0`45BZGKRZ
M=-<)Y+.+6!9Y.>JLQ4`>_'>ME>E`"T57O;EK6W\Q(GE8L%"J,]3C/TKG8/&:
MSW[VWV1H5BE\M[B4XB;MN4]QF@#JJ*0<C--F?RXFDQG:"<>M`#Z*YBS\6_;"
ML:VHCF8.XC9N55>I(]^U;UA=K?6,-R@*K*@8*>HS0!9HHHH`XOXJ7/BNU\%.
M_@))'U<SQA?+C5R$S\W#`BO"+K4/B+!JEY#K%O>"ZU2W59T-JH\\*,'&!V]1
M7U4QKB/%TK6GCKPK<`C#SR0D>NY36-5>[=G5A83G4<82:=GMY*_Z'R_X?\5>
M)?#_`(A$VBS2176XQ^6(0S.N?N`$=3C%?8WAZ_N=3\/65[?6DMG<3PAY+>;&
M^,^AQWKPK1(!IOQ\%M&JE5OI$Y'8@FOH<=*RPLE*+25K.QZV?494Z].<IN7/
M!.[WUZ!11176?/A1110`4444`%<I-_R5VU_[`LG_`*.6NKKE)O\`DKMK_P!@
M63_T<M`&[J__`"#F_P!]?_0A5ZJ.K_\`(.;_`'U_]"%7J`(KO_CRG_ZYM_*H
M]/\`^0=!_N"I+O\`X\I_^N;?RJ/3_P#D'0?[@H`LUP_C7_D?/`__`%^S_P#H
MNNXKA_&O_(^>!_\`K]G_`/1=`%GX@>&]2\3:9;V^G:O'IZPS)*R21Y$Q4Y`)
MR./:J.E>'=3TCQ)<ZBOV&YE96+3R3$/)NV\$=$`P?6E^**^)38:>?"B3R3&?
M;((8@YC!'#G/8&N3U-_'DMQJT&FV.J12+:,OVN2%&6YD&S&P`<?Q<'WH`]$\
M/Z%)H\VN2I=-.FH79N8F9]Y7*`8_,<#TK@[/2/&\^EZM%*^I1O+>6ZQ&6X"L
MR[AYC*0#L4^G.*V+W7-=\-_!^UU"2!H=50JLD4D?S#+'C'KBL?3_`!OXUU/Q
M#HUG;V.^WNK59[J183B,%P,GVQ0!T'AGP=K.C^+3K.H:G)>Q/8"`QR7)8(P)
M]L'Z\53M_`OB.WU75M8M]=A-UJ\+)*B(56-@V8RK9.<#@\5IZ6_B>3P5/;:@
MDW]IR7DENL[1`;8BW$FWTQ6%XE\1>)O!/A6VM8`;FZ@NO(%S+%S=)P0P`Z`9
MP?I0!WOAVVU6"*Y?6Y$,TTI=4C?<L:^@.!7E_P`1O#5OKGQZ\+6\U]?VHNK"
M?<]I/Y;)LZ;3CC.>:]ALI));*"288D>-2XQT)'->;^*_^3AO!?\`UX77]*`,
MWQ7\$9M0M(+#1?$&L&"XDVWKW]]YJK%WPFWYB?K7HGA/PI8^$?"MOH5A)//;
M0@@-</O8[N3^'H.U;U%`'BFM>`-6MM5EL-#TV66UCE$MK.6`1`>2I/7CD=.]
M:UC\);FX\Q]5U)88IV#R6]NF2#QR'[=/2O5,4M<JPE%2<K;G"L!AU)S<;WU.
M/L/AGX<LKF2>:"6^ED.2UW)NQ]`,5P'QQN8K3^R=&LXTBA16F*1J``>@Z>U>
MVMS7SI\9KPW/Q`EBQ@00(OUR,FLL;:G0:BK7/M.$L/&69PLM(IO\+?J=A\!K
M39I>J71'^LE1`?H#_C7KM><?!*#R_`32'.9;MS^0%>CUMA5:C%>1QY]4]IF=
M>7]ZWW:!11172>*%%%%`'FOB_P#Y+EX&_P"N-W_Z"*O>+/%^IZ-XPTO3;!!+
M#/,AN(_LS,PBYW,K#CMSGI[YJAXO_P"2Y^!O^N-W_P"@BK7BCXER^'/&UKH:
MZ2]S;S!!+=K(`(F;=M&/^`_K0!-J/C"]C\6PV&G;I+.2U>Y9A:L650F5([$9
M_'MBJ%AXXUZY\%:QJWV:.XN+>]6*T\N!PKQLX7H0"2,G)P*O^'?B#/K&F:M<
M7FDO926">:J-(#YH*[L#WJ.#XCO'X<U#5+[2W+V5Y%;&*.3!82,%#9]LY_"@
M"YX/\2ZUJ][Y6L6JQ(\'F*5B9=I#$$'/K79UP%I\5+6[$G_$MDCV/,F&G7YC
M&5!Q]=_Z5J6'C:&\\+:CK<MMY$=BSJT;2#)VGK[9H`ZN@UPNF?$VQOK&&:2%
M5=KUK.0>8`(\*65SGLP'%=3HFJ+K6C6^HI$8EG4L$)SCDCK^%`'+G_DNQ_[`
M*_\`HYJ[FN&/_)=C_P!@%?\`T<U=S0`4444`%%%%`!1110`4444`%%%%`!11
M10!B^*/^09;_`/7[!_Z,%;7:L7Q1_P`@RW_Z_8/_`$8*VJ`//?B/J%KI5Y92
MR:7K%^URI22/36`5T4Y"R9ZC)K//QGEC4EO!.NA5&3\B\#\Z](NM-M;[;]JB
M$FS[O)&*IW&B:9!;R2FT!"*6P&/./QH`\SU7XU:!J^F2V,L6K6BS`!I+:.1)
M%]@=G'I69%X]TR\MXK>RT;Q3J=M;X5F0@+*`<A&W`$@'TKJXO%U@7Q>>&+JT
MB";C++/P/E9@/QVU!;^-M*N(7G?PU/'$B.[.UQP`H4_KNH`7_A<L_P#T)&N_
M]\)_C37^,<SH5;P1KI##!^1.GYU>B\1:=+8O<Q>&YVV6SW#()N0%<KC\<9KH
MM$M](US2(+^&S"+*/N>83M/I0!S7@^SL/&&GW.HA==TRZBG-N3=2A9E4#[JG
M&-AW5Z#:6L5E:16T&?+B0(N3DX`Q26ME!9Q[+9-B$YQDFIZ`"BBB@!#7F'Q=
MUJRL;;1K^.]MFET_45>1!("PXY!`.17IS''-?-_Q*^$,D?B%M0AU2#.N:F=L
M8B.Z,N<GG/.*RJVY'<[,#.<,3!PCS/M\M?P*VO>--`L_C.-7LKK[7"DJ32B$
M'(8KR.<5[MX1\<:;XR@N&TT2QR6K!9XY5P4)Y'/0\5\_1?#"SF^,4>BWVH-.
MI(,\D0"Y.WMGIT%?1GAOPKI?A6Q>VTB)HUD;?(S,27;&,G\JRH))RY>^OJ=6
M95<34CA_K"2M!6MVZ7-JBH_.3.-RY/3YAS4@.174>2%%%%`!1110`5RDW_)7
M;7_L"R?^CEKJZY2;_DKMK_V!9/\`T<M`&[J__(.;_?7_`-"%7JHZO_R#F_WU
M_P#0A5Z@"*[_`./*?_KFW\JCT_\`Y!T'^X*DN_\`CRG_`.N;?RJ/3_\`D'0?
M[@H`LUP7CZY@L_&G@F>[FC@B6]GR\C!0/W?J:[VL/Q+X/TCQ;':IK4#2BU<R
M0E6VE6(P?TH`G/B?0?\`H,V'_@2O^-(?$^@'_F-6/_@2O^-<Y_PJ#PF>MO<?
M]_O_`*U'_"G_``G_`,^T_P#W^_\`K4`=#)XB\.RIMEU?3W7T:X0_UH7Q'X=1
MLIJVG*<8R+A!QZ=:Y[_A3_A/_GVG_P"_W_UJ/^%/^$_^?:?_`+_?_6H`Z,^)
M]`)S_;5C_P"!*_XTU_$7AR0CS-6TY\'(W7"'!_.N>_X4_P"$_P#GVG_[_?\`
MUJ/^%/\`A/\`Y]I_^_W_`-:@#I/^$GT#_H,V'_@2G^->=Z]J-EJ7[0?@Y]/N
MX+I4L;H,89`P4\=<5T'_``I_PG_S[3_]_O\`ZU6]'^&7AK0]:AU:PM'%Y`I6
M.1Y,[0>M`'74444`%%%%`#6ZBOE[XES_`&CXB:L21\DVSCVKZB/45\J>//\`
MDH&M_P#7X_\`.O,S%_NTO,^YX+BGC:DNT?U1[M\)8!#\.+`J,>:6?ZY/_P!:
MNVKA_A'<I/\`#BQ"-N\IFC/L0>GZUV^X"NVA_"CZ(^6S._UZM??FE^;%HJO<
MW]K9QE[NXC@4#.9'"_SI\%S#<P)/;R++$XW(Z'(8>H-;'GDM%9-KXETN\U74
M;"&X'FZ;M%TS<(A89`W'C.*P[[XI^&+>Y:TT^ZDU>\'`M].B,I)],CY1^)H`
MQO%__)<O`W_7&[_]!%:7B35K:S\7V4<WAE=18E4^THJO,@.<LJ]=H[GWKG-3
MU2XU?XT>"9[C2;S3"(;K$=V%#'Y1V4FO0;OPQ:W?B.#6S<WD5U`GEJ(I=J%<
MY((QR#W^E`'$V'BZR.AFXTGPDD*BZN(WA=538J##,WH2.,?A5O0M6T3Q<UWH
M%CI`M-'+,I>-Q$995(W`*.2*Z*7P/I<EK+;H]U#'-<O<R^5-CS&?[P/'0^E2
M:9X+TC1]5;4+"!HG)9A%OS&C-]Y@.Q/>@#B]*D^'UB)$MM,N'CTU9;B-[B)G
M5QN`8H3][D`?A6QI/BGPSK&M1:9IND.3J(::Y9K;:$=#TD'][OS3(_AK<`WR
MRZR[02Q/#:PK'A;96<.=OXBM[3/!FFZ3=Q7=H9UN5+&24RY,Q88R_K[4`<];
M^)?#.M>,]9T:\TZP:.W3S'N'VL9FBX8%>N5'3VKH/"WB;2=;$UEI%O-;"R1"
M898#%A6SM(!['!JO'\.O#EO=O>VFG1Q7TGF>9<XRTI<$-O\`4'/2E\(^$KKP
M[=WMU?:F^H2W2QQ*63;Y<<>=J_\`CU`&>?\`DNQ_[`*_^CFKN:X<@_\`"]OK
MH*_^CFKN#TH`**Y'5_'\.F^+6\.6NBZGJ=^ML+IA:(A54)QU9AWH_P"$UU'_
M`*$CQ!_WQ#_\<H`ZZBN1_P"$UU'_`*$CQ!_WS#_\<H_X374?^A(\0?\`?$/_
M`,<H`ZZBN1_X374?^A(\0?\`?$/_`,<H_P"$UU'_`*$CQ!_WQ#_\<H`ZZBN1
M_P"$UU'_`*$CQ!_WQ#_\<H_X374?^A(\0?\`?$/_`,<H`ZZBN1TKQ]%J'BV+
MP[>:)J>EWTULUS&+M$"L@."<JQ[UUU`!1110!A^+)$ATB&25U1%O("S,<`#S
M!R:M?\)'HO\`T%K+_O\`K_C5F_T^UU2T:UOX$N(&(+1N,@XY%9/_``@_AD]=
M$L\_]<Z`+O\`PD>B_P#06LO^_P"O^--?Q!H<B%'U6R*L,$>>O/ZU5_X0;PS_
M`-`2S_[]T?\`"#>&?^@)9_\`?N@!K77A5QA[O36'`P94[`@=_0D?C4./!WDI
M%Y^F!$R%7S4Z'KW]A^56/^$&\,_]`2S_`._='_"#>&?^@)9_]^Z`&I<^%8X3
M$MWINPQ^65\Y>5SG'7UYJ>TU;P[86X@M-0L(8AR%2=0,_G47_"#>&?\`H"6?
M_?NC_A!O#/\`T!+/_OW0!<_X2/1?^@M9?]_U_P`:/^$CT7_H+67_`'_7_&J?
M_"#>&?\`H"6?_?NC_A!O#/\`T!+/_OW0!<_X2/1?^@M9?]_U_P`:/^$CT7_H
M+67_`'_7_&J?_"#>&?\`H"6?_?NC_A!O#/\`T!+/_OW0!;/B+1<_\A:R_P"_
MZ_XUX-XG\%:A<>+//M_&%E);7][+)$&N&86RD$K_`+OIQ7MW_"#>&/\`H"6?
M_?ND_P"$&\,_]`2S_P"^*F45)68:=3YYD^']S:_$&*.Y\60R"_7<+^*8D0,/
M]KL>.,U]!PZKI]KH4=DGB*TEN8X1&+J:92S'&-Q&>M//@7PP2#_8EIQT^2E_
MX0?PS_T!+3_OW2C'E-)SC)1LK626[=[>IR<.AZ?#?6<S^,H9TM6#*'E0'[^]
MCP>I/'TKMQXCT7_H+67_`'_7_&JG_"#>&?\`H"6?_?NC_A!O#/\`T!+/_OW5
MF9<_X2/1?^@M9?\`?]?\:/\`A(]%_P"@M9?]_P!?\:I_\(-X9_Z`EG_W[H_X
M0;PS_P!`2S_[]T`7/^$CT7_H+67_`'_7_&C_`(2/1?\`H+67_?\`7_&J?_"#
M>&?^@)9_]^Z/^$&\,_\`0$L_^_=`%S_A(]%_Z"UE_P!_U_QK`AO+;4/BO!-8
MSQW,2:.ZL\3A@I\T<$BM/_A!O#/_`$!+/_OW5O3?#ND:/.TVF:?!:R.NUFC7
M!(]*`)=7_P"0<W^^O_H0J]5'5_\`D'-_OK_Z$*O4`17?_'E/_P!<V_E4>G_\
M@Z#_`'!4EW_QY3_]<V_E4>G_`/(.@_W!0!9HHHH`****`"BBB@`HHHH`****
M`"BBB@`HR**:P_*@#$N?&?ARTU(:?<ZS:QW9SB%GPW'M7S5XYNX9?&^L7$+^
M;$]VQ5DY!&:ZOQ/IHLO$MTUQ^\NK&[+&4\GRWYQGO\I%<;XJM##K$I7`%P@E
M08[CK^M>%BL1[67LVK6/8X0S=QS:>&2LY1DEZK7\4F=%X`^*Z^&=$NM,CL99
MY)9#)"?,"8[-@$?2MD^.O$UW=VMY#K;-IUSNC>%47Y6/`&[&>#FO&TEBM[J.
M1&P5.X<?PGK^M>F>'=%U;5=">"PTB[5MP:#?&54'UW=.3D_C6E257V:C2N>7
MQ5'%QQDI0=^?73[GZ:Z^A7+79OXYKZ:6=XKEDG\V0N&1A\G!X%>L?"_4IY]'
MU#08X98/[,.(+AAE&5P2NWZ'/%<ZOPWUJYCN9M0>UTL-"`#-*'&\=&.WTK8\
M*7.G>")+YM<\065S/.$S'9AF"!0>2#SGFJPM.M"ISU-FM=3Y[`TL13J>TJJR
M:UNSD])^&&L:#K]S9^+=+F\6:5J=V9A<VURT7D.QY:1`06&/>O;=*T/2]$M1
M;Z1I]O9Q*,;88PN?J1UK%T[XA:'J>JV]C:/-ON,^6[Q%58XSCGUKJ,^U>K&4
M9*\7<]N,XS5XNYS_`(A\&:5XEO[.]U&WW7-B&$$JR.C)NZX*D52_X5YI?]^Y
M_P#`N;_XJM_3M;TW5Y+E-,O(KIK63RI_*;=Y;_W3[U?JBCD?^%>:7_?N?_`N
M;_XJC_A7FE_W[G_P+F_^*KKJ*`.1_P"%>:7_`'[G_P`"YO\`XJC_`(5YI?\`
M?N?_``+F_P#BJZZB@#D?^%>:7_?N?_`N;_XJE_X5[IG]^Y_\"YO_`(JNMHH`
MYW1O!FF:)J[ZE:Q,;N2+R3*\KN=F<X^8GC-=%10:`/,X2!^TK=DG`_L!<_\`
M?P5L:1XBUB;Q3J4=W93_`-FSQ[],D8@!V7(9/4$D9&?6L:(JO[2=XSXVCP^I
M.?3S!6SX;\<Z-XDUG4]/TZUVG2EWHY*_."2"5'5>0>M`&/K/B[Q%9:%I=U'8
MW+7<MU*KVL&UVE*DXBSCO_>KT>WD>:WCDDC,;.@8QMU0D=#]*XE?&^G36LCO
MH4OVJT'VA;7"LY!&0Z>I/M5Z_P#B!8:;X8T[6YK:9H+\;E1""R#!)S],&@#K
M:*RO#VOP>(M.-W;Q20[7V,D@Y!P"/T(-:M`!1110!YQJ'_)R&D?]@&7_`-&&
MO1Z\XU#_`).1TC_L`R_^C#7H]`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110!1U?_`)!S?[Z_^A"KU4=7_P"0
M<W^^O_H0J]0!%=_\>4__`%S;^51Z?_R#H/\`<%27?_'E/_US;^51Z?\`\@Z#
M_<%`%FBBB@`HHHH`****`"BBB@`HHHH`****`"D-+10!YC\2?#\1OGU6ZOK6
MPL98!%,\H;)?/4`#DXQ7FVIZ5HEUHS/9ZS?:G=0?NUD:V"*#GH22#C\*]J^)
M=@M_X(O`^,0%9^G]TYKP_3C(]G=V\S$R-&$&>N0,$_G7D8R4:,FU%7?_``QY
M-?%RR[$K$4(KGWN]?+\CF7\.S62S/(D$4T<7FJJG)<9Y_*IAX[\70VJV]OXE
MU"%81@*LF!M].G85T,LUO>V-A=ADW,IA)W`X!!!_4"O/9"'9E&0R90C!SUQ_
M(5RT*D]S[CAW-JF=*I#'VE*.JT226J=K?)EZ?7-2U.]2;5[ZYNR6R3+*3QGC
M\Z[30,M$8IR&9X@A)YSC.3^HKS[3[6>[OK>*?-M')*%>9AD(N<`_05[YI/P:
MN[5;=H?$<;0*O&+7EE;D\[JVJ49XB#C%ZGC<5Y7.=6,Z<;<RZZ+3^D<$%OV\
M/XM;A[;4+.<&*;."C!_EP>WRFO;/B#I_B'4OAM<V_AB]DM]8\I662%\%\<LH
M/O4%M\*-#B=I+F:ZNW=@[B63Y21[`>U=M%&L,*QQC"J,`>@KNPE"=&+4NKN>
M-@<-4P\9*;6KN>+?#K2/$]MX7BN/#,%E;),3]IM9WEA=9A]XL"O)]ZZP:E\2
M[4!3X=TFY"?Q#4'W/^:UWX`!SWI:[3T#@#XH^($9Q)X'A?T,5^O]<4I\>>)X
M"K7GP_U,(>"8IHW(/TS7?44`>=M\5S;NR:AX1\06\B]56VWC'KD4^'XQZ#(2
M)-.UV'CJVES<_DM>@T4`<=;_`!2\-7#*N[48RW_/339UQ]3LK2M_&V@7`)2_
MV[>HEC>,_P#CP%;Q&>M12V=O,<RP12'&,N@-`%!O$^@H,OK>GJ#TW72#^M1'
MQAX:#8/B+2<^GVZ/_P"*JT^@:/(/GTFQ;O\`-;(?Z57D\(^')<F30-,8MP3]
MDCS_`"H`X73KVUO_`-HV[GLKF&YA.@J/,A<.I/F#C(XJV_CGP)'?WUT+:/[?
M%+&DN(@KR$%@ISQT(;K5+2M/M-+_`&B[JVTVVBM8!H*D1Q(%4'S!S@5?O_!O
M@>WM=1N[V\2/?<A9[HR#=%("6"`XQ_$>"#UH`GN[;P)9^"&UB?2(1I%VR3,%
MB)+,3P<#GK^%;^H67AM='M[?5+>T6QC3,,4J@*B[><#L,5F3V'A;^PH]&N-1
MQ8W-J!%#YOWHUYW#BL[Q3I&G_$K1?[/\.Z_;1&T!CN)!&9&5&4C;U&.*`.HM
M-0T'3;20V$D$4(R[>2,@D(#VZG:!QUQ4S>(;!?#AUSS6^Q>0)PVT@E2,C`[F
MN<T3P!IFE7$EQ<:@URCL#$F\+&O[I8\X[MA3S[UI1^&=%DTF/P_)=/<P0-'(
MMN\X+!4.%''.WB@"YI7BK2]7TJ#4+>X$<4T;2!)?E=`IPVX=B.]:\;K(@9&W
M*PR#ZBN*D\">%]1N9X;6>6)[9V^T1V\V-F\996SV.,_A796JQ1V\<<#!HXU"
MJ0<\`8H`\^U#_DY'2/\`L`R_^C#7H]><:A_R<CI'_8!E_P#1AKT>@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`HZO\`\@YO]]?_`$(5>JCJ_P#R#F_WU_\`0A5Z@"*[_P"/*?\`ZYM_*H]/
M_P"0=!_N"GW?_'E/_P!<V_E3-/\`^0=!_N"@"S1110`4444`%%%%`!1110`4
M444`%%%%`!1110!#=VL=[:2VTRAHY5*L",@@UCZ5X/TK2K<QBVBN6+$^;-$I
M;GMG%;U%)I/<EQ3W1E)X8T-`-FCV"[3D8MUX/Y5YM\7/`+W5NFLZ':KOA7;/
M!#$`77^]QU(KUZD9=P(/0\&LZM*-2#@SOR_&5,!B(UZ.Z_%=4?&A]_UKW'X*
M^+$N=-ET._N<W,3;H/-DR74_PC/ICI7(_%7P&/#6H'5+%R]E>S-E"/\`5.><
M?2N(TC4Y]&UBVU&TQYUM('4'H?:O!IREA*WO?TC]<Q5&AQ!EG-2>KU7E)='^
M3/K\=*6L;PMX@C\2^&[35(D">>N6C!SL8'!%;-?1)J2NC\9J4Y4ING-6:=GZ
MA1113("BBB@`HHHH`****`"@T44`>;I%)!^T?)-.C1Q7&A!(788$C+("P7U(
M[UL7_@6.>VOXK=H!]JU)=05)8\QA@@7!`^F?K4'B_3->_P"$UT37=!L(K];*
M">*6*279]_;@C\J?_;WCG_H5+;_P-%`$$'PY\G5K6[:_:41)&)`ZY)V=`I_N
MGN*O3>$FL_!U_I^EJOV^Y!=YH\1M*V<X+>G;GM4']O>.?^A4MO\`P-%']O>.
M?^A4MO\`P-%`&#I_@CQ)-;PK?BVMBUQ/+)%YAD2)61%4#'4Y4D>AKIM+\&G2
M=7CO8)UE(T_[(SR)^\9@<[R1W]:K_P!O>.?^A4MO_`T4?V]XY_Z%2V_\#10!
MBV?POO=$L[ZXL-:O+Z]O(<3I,^T3/N#`Y_3GM73^!-)U32M)NQK<:0SW%V\R
MPQR;UB4A0%!_`U2_M[QS_P!"I;?^!HH_M[QS_P!"I;?^!HH`R[QA-^TCIPB(
M?R-!D$NWG9F0XSZ9KTBO.?#6A>))OBO>^*-<TZ&P@FT];5(XYMY+!LYKT:@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`HZO_P`@YO\`?7_T(5>JEJ__`"#F_P!]?_0A5V@"&[_X\I_^N;?R
MIFG_`/(.@_W!4EW_`,>4_P#US;^51Z?_`,@Z#_<%`%FBBB@`HHHH`****`.:
M\0?$3PGX5U!;'Q#KEM87+()!%+NR5/?@5E?\+J^'7_0UV7Y/_P#$UB7VD:=K
M/[1DD&KV-O>Q+H(98[B,.H/F#G![UTFM^&_`GA_29M1U+P[IB6\/WBMDC$^P
M&.30!6_X75\.O^AKLOR?_P")H_X75\.O^AKLOR?_`.)I1I?PY-UIELNBZ0TN
MJH9+15LT/F(%W%NG`Q3-"T_X>>))KF+2O#^FN]L1O#V*KD'."..1P:`'?\+J
M^'7_`$-=E^3_`/Q-'_"ZOAU_T-=E^3__`!-;/_"`^$?^A:TK_P`!$_PH_P"$
M!\(_]"UI7_@(G^%`&-_PNKX=?]#79?D__P`31_PNKX=?]#79?D__`,36S_P@
M/A'_`*%K2O\`P$3_``H_X0'PC_T+6E?^`B?X4`3>'/&/A_Q=%-)X;U2'4$@8
M+(8L_*3TZ@5MUY_X&T^STOXA^,;73;6&TMTEMRL4*!%&8AG`%>@4`%%%%`&3
MXDT"U\2Z%<:9>@B.8<,.JL.A'XU\LZYHUWH&L3Z=J$>R:%O^^AV/XU]=GIBO
M+_BWX'@U73Y-<M!MO[>/YUW!1(@[G/4BO/QN']I'FCNCZ_A?.%@<1["J_P!W
M/\'W^>S^1R?P8\6-IVM'0KR?%K>',*GM+Z#Z_P!*]\!S7QM:ZF=.O(+NWF\N
M>)P\9'7(KW_0OC-H=WH4$^HO(+YAB6*"!F`;VJ,#5]SDGT-N+\'2I5UBZ;5I
M:/7K_P`%'I=%<5X;^($6O:W'9^6$CGC+P,4(+8['-=J.:]&,HR5XL^'A.,U>
M+N@HHHJBPHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M"EJ__(.;_?7_`-"%7:HZO_R#F_WU_P#0A5Z@"*[_`./*?_KFW\JCT_\`Y!T'
M^X*DN_\`CRG_`.N;?RJ/3_\`D'0?[@H`LT444`%%%%`!0>E%!Z4`>;1?\G)R
M_P#8`'_HP5N>/[:RFTFWFU;4Y-/L[>Y5V>--Y9N@&/Q-8<7_`"<G+_V`!_Z,
M%=3XOTBYUK1FM;+R!(S?,\QQL7OM]#[]J`.?CTC2O".B:)<WVIM]DT^=VMY3
M%DLL@(5,#H!FF?#[1=)T'7]9MM-U-KJYD*-<1>44&>2&)[L<T_6O`\NI:7I>
MG6-W]A;3(BD,*S[\@KMW-D9;!_/U%6=&\(3V7C5-9DOXF>*U^SRQQC'FYP=Q
M3^$\=><^U`';YXH!S7GMI\.[RWUU-3?4I7D2=)@/,;`PSEN,XY#*/PKT#=M'
M(H`=0::)%+E`REAR5SR*6@#B/"G_`"4[QI_UTM__`$4M=P3BO*;7Q)<:+\5_
M%MM9Z#J.JR3/;MNM%78G[H<,21BNA7Q!XYNW!M/"%K#&>OVS4-C#\`IH`[7-
M8&K>-="T3Q#I^B:E>&&_U$XMHO+8[^<=0,#\:K./&E]#M4Z7I+D??4M<X/T(
M6O/?B'X!\<:SIT%N_B,:K)<3+&JPZ>L`M\_\M"X8D`>U`&I\2KS5M/\`%5G+
M9ZM>6EJ(/.>&%\*VUL'(^E<?XJDO)]<>#4YY;RW>5HE\Y\[4=05./Z5W/B/P
M!JLOAG0[&RO6U*ZL(S#<3W+8>92N,Y]CVK+N/ASXHU3RI+YM/CE\F)9'65B0
MR9RP&.XQ7AXJAB9XGFA?EM_D>5B:-:HIQC?=-?=9_P"9Y?XVC+V^BWJ0)"%M
M_L[HG]Y&(/Z8-9VCLS63LO6!\MCW&P?K7LGB?X07>I^'?*LM207,,KSQQM%P
MVY0"F<^V<^]>0:1$NA:\T6OQ7$D*R;+F",^6PP<Y_`\UA"C.A!1J::OSZGWM
M'#5<XR/ZI3UJPL[771W^>ET=':"\GM].&G7;V=U8WT4?G(V"5W@$9]""17TP
M#VKBO#?@CP=)9PZCI5HMS%)B1)7<MS[^XKM5&!7LX:BZ4&KW6Y\9A<-4PRE3
MGW^X=11174=84444`%%%%`!1110!#>7,=E9S75PQ6&"-I)"!G"J,G]!5/3M8
MCU;3+?4+"&26UN8Q)$^0-RGH<&F^)O\`D4]7_P"O&;_T6:SOAW_R370<_P#/
MC'_*@#=^T3?\^K_]]"CSYO\`GU?_`+Z%<A=?$>SA\?IX<2`O&K"*>[YVQRL,
MH@XP<]^14K>-;F/1-8O)=.C^T:=?&S2!9\^:2P5#G'&21]*`.J\^;_GU?_OH
M4>?-_P`^K_\`?0I+%[F2SB>_B2&X*`R1QON5&[@'O5F@"OY\W_/J_P#WT*//
MF_Y]7_[Z%6**`*5UJ!LK26YN8'2&%"[MD'`')IVEZE;ZQI=MJ-BY>VNHQ+$Q
M&,J>G%5?$_\`R*FJ?]>LG_H)K/\`AW_R3?0/^O&/_P!!H`Z6BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@"CJ_
M_(.;_?7_`-"%7JHZO_R#F_WU_P#0A5Z@"*[_`./*?_KFW\JCT_\`Y!T'^X*D
MN_\`CRG_`.N;?RJ/3_\`D'0?[@H`LT444`%%%%`!0>E%!Z4`>;1?\G)R_P#8
M`'_HP5U'C30[G7_#YM;">6&YCF2:/RY-@<J<[6/IBN7B_P"3DY?^P`/_`$8*
MU_B7>75CX5>>PO;BTN%<>685SO;LI/84`0VVA>(K7QO+J.VWGL)92?FE(D5=
MG`'_``+M5+1_"?B*T^)+:S=O&-.9K@E5G)8AV4ID=\8/TKG)/$6ORQ"1M1O[
M;4GMV,EO]GX1!#D.%/0EO\*V_"_B;7X/A?-JNL(1<1WAC5W)?$)91O\`]K`)
M-`&.FD^(+E?%#K=78>9!&RB[8!)/-_Y9?W1LQSZYK7\.^`M=TOQY8:C=ZA=R
MZ;:031A);TR%F9B06'?C\JJR?%"]&H6\$*QRI-',T#"(YG9&4*/;()-;EGK^
MIP^#->O)F>YU.VGE2*`QXVM_`@QU[<T`9EUX6\83>.]2UB(0I;W5M/:(@NR,
M(5/EOCLV['TKK?#%CJUK)<R:N`N^.)443^9RJ`,?;)KB+#Q=K?A[PK+'JLL\
ML]O<,)+N[B(<(T3.G'0_,`OXUZ1H%_+J?A^QOKA566X@61PO0$B@#F/"G_)3
MO&G_`%UMO_12UW%</X4_Y*=XT_ZZ6_\`Z*6NXH`****`#`]*,#THHH`3`[<5
MY[\2OAP?%B)?:8T<6HPKM"L`JRC/\1]?>O0Z0C-14IQJ1Y9;'5A,75P=95J+
MM)'SGX$\:2^`-:NM-UB.1[0OME"$DQ,.ZCH17T%8WL-]9Q7-NQ:*90ZD^AKA
M_B5\.[;Q'8R:E9(RZG!&=JQ@#S_9JX'X8>/9O#NI#1-:EV6,C[09<DP/TP/0
M5P4YRPT_93^'HSZK&8>EG6'>/PRM5C\<>_FCZ!HIBN&4%2"#T([T^O2/BPHH
MHH`****`"BBDSZXH`S/$W_(IZO\`]>,W_HLUG?#O_DFV@_\`7E'_`"J+QOXJ
MT/2?#>IV^I:I;6\\MI*B1/(-S,4.!BI?AW_R3;0?^O&/^5`%[S].&N-I(LXA
M*\7VQF\L88AL`G_:R.M8EUXLTVVO[RU;2D;RQ).6^7$K1XSD8Z^AJ_JUUX>-
M_>+J-TD=Y%8GS]DA#QP%NO'3FLC^S_!=UI%UKQ9FM)ODEE,C95LCH.JMD#WH
M`U;+QOIEUX7L=>83Q6U[((D0IEE<YX(_`U-I/C'2M:U4Z?8M,9UB\TAXRHVY
MQUJMIUGX:N?"ML;0H=+AD\V-Y'(PX)&6)YSDGK4UE8>'=*NUOK62WBF9/*#F
M;J.N*`.A`P,4M4[;5+2\FN(;2XCEDMF"S*K<QGT-0:3XBTK6[.2ZTV\CG@BF
M:!I`<`.O44`-\4?\BGJG_7K)_P"@FL_X=_\`)-]`_P"O&/\`]!J[XCE2;PAJ
MCQ.KJ;63YE.1]TU2^'?_`"3?0/\`KQC_`/0:`.EHHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`HZO_`,@YO]]?
M_0A5ZJ.K_P#(.;_?7_T(5>H`BN_^/*?_`*YM_*H]/_Y!T'^X*DN_^/*?_KFW
M\JCT_P#Y!T'^X*`+-%%%`!1110`4'I11UH`\JO\`5;'1OVB7N=5N4M8&T((L
MDAPI;S`<9KLG\>>$G&U];LF'H6S6S<:987C[[NRMYW`QNEB5CC\147]@Z1_T
M"K+_`,!T_P`*`,H^.O")<L=:L2Q&"=W.*0^.?"/E[/[:L=G3;NX_*M;^P=(_
MZ!5E_P"`Z?X4?V#I'_0*LO\`P'3_``H`QQXT\&J5(U;3P5Z$8X_2I/\`A._"
M0)(UJRY.3\W4UJ?V#I'_`$"K+_P'3_"C^P=(_P"@59?^`Z?X4`9,GCCPC*")
M-9L7!ZAB#G]*<OCSPFJA5URS`'0!\8K4_L'2/^@59?\`@.G^%']@Z1_T"K+_
M`,!T_P`*`..\#7]KJ?Q!\8WEA,L]O)+;A94Y5L1`'!KT"H+>QM;-2MG;0VX/
M)$484'\JGH`****`"BBB@`HHHH`0BO/OB3\/#XIL%NM,"Q7]L"53@+*.X^OO
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M26ET=I9&,K.C`;3R>H;</;BF^/-+U*U\0W.J6Z-8_;"MS9OG#)<)Z@\#CFM(
MXR-2BJT-NI\O5Q#A%RML[/\`S_4]W!XKSI/B]HA\=:AHS7*FSL45&FBB>1GG
M).4`4'@8Y/2NUT&>2Y\/V$T\OG220*SR?WCCDUS5Y\*=!?7UUK1I+O0M1+%I
MI].D"&?)R0P((-=QUE;4/%GB_4[@6WA+PI)%&_34=4=4BQZA`2Q_$"LZ3X1W
M'B6^CU'QUK<]Q=(<K%IC&WC7\CS7IZ+L4#)8@=3U-+0!SVNZ39V_@K48?(20
M0Z?*J-*H9N(SW/>H_AW_`,DVT'_KQC_E6CXF_P"13U?_`*\9O_0#6=\._P#D
MFV@_]>,?\J`(/$.D:)JFH7OV[48H)SI_DS(&`9(]V0Y[]?6L9O#VC2^$KG2U
M\01B'5Y&WS!!EI"1]U<_+C`'XUNW_ADGQ)>:SI]M;FXN-/\`(8RX(E<-E0P/
M:N1B^'.K>5I4[);PW<5U))<)'+F.%'=7)CR.3\N.>Q-`'0ZSX=N8_"-CI%E?
M6AOK29)('N,1(^T$?,H^]U_&N3'PZE6>Q:]U^RC2":XN+S;)DH'B"D*#V![G
MI5GXA^&M7U/QK9SZ397-VDPA229B1';;'R2I!X)'7\*QM.^'6OZGJ_B-=0L$
M@LKJ_N)89Y)2LKJP^51V\L]Z`._M?#^D:+X9U,1ZL$TN^B"M<,P)0%=I/F=\
MYZUF67PQT'1K">RTK5)K6*^2,@2S!B67HRY(ZYYJ2[\$7^M^&=&T/5&6PL[=
M2;R*P<88@$*HW`Y'?ZUS>I>%O$EOJ.FV0LI=2VI'";YVW>2B.2"&&`"1P>.P
MH`[M]$C\._#6]TR&=YTAMICYDG4[LD_SJ7X=_P#)-]`_Z\8__0:O^)O^13U7
MG/\`HLG_`*":H?#O_DF^@?\`7C'_`.@T`=+1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!1U?_`)!S?[Z_^A"K
MU4=7_P"0<W^^O_H0J]0!%=_\>4__`%S;^51Z?_R#H/\`<%27?_'E/_US;^51
MZ?\`\@Z#_<%`%FBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"D8X&32TC#*G-`'):I\2_#6DZD^GWEU*MR@!*+"Q'/3GI7&WOQCO+L3)HVF
MI;(IPLMRVXD!MI(`]/>N:\<:"/#^OW-K:H?LVX3X9MQ\ER<\GOOS]!7.2/;.
MADD;RG`9G`.WYAQ(/RY'YUY5;%5%-P6ECP\1CJJJ.G'2S-K7+B[\0W\BZW<&
M[E\H36Y"B/!7J#CWQ5RSDGU/P84^7S-&<2)_MV[_`'E^N[/Y52TNVOM?AMI=
M*L+JXNH6V%D3:G7G)/!&*[OPC\.]:TS4;B34Y[;[!.I0VX),@4]B<8[UYE;"
MXK$Q3^TFFF]M-_O1G@88BI*7MK\LE9W_`$_`\WB/]GN/.;='#*8RP_N/]W\B
M:Y&Z:3P_XC\J4K@-M&!G,;<`_7!-?2H^%/ADR*\D-RZB,1F-K@E7`]1W-4_&
MOPPTG5]"(T>QBM[^WC/V<J=H/L?6N^."J13;^[^OF>[D5#ZM6G3Q,[4ZJY96
M_!]-G?[SF+3P'XBU6*SC:&"VM0ID2XDE#X5@N%"KSGY0<GUKTS5?"]EX@T:W
MT_7D-TL)1R58IN=1UXKR#X>?$6]T'4X]"\1SL+.-C"I9,M$^<`$]<5[PC[E#
M`@@C(([BNO!PHQIOV:];GIYCE=3+J[C4UYK6?1KI_P`$BL;.+3[*&TMEV0PJ
M$12<X`]ZL4#I17<>>%%%%`&=XAB:;PSJD48R[V<RJ/<H0*X3P?X[TO1?!NE:
M;?1SK<6MLD<@5"0"!ZUZ80",&H_L\/\`SR3_`+Y%`'(_\+.T+^[<_P#?HT?\
M+.T+^[<_]^C77?9X?^>2?]\BC[/#_P`\D_[Y%`'(_P#"SM#_`+MS_P!^C1_P
ML[0O[MS_`-^C77?9X?\`GDG_`'R*/L\/_/)/^^10!R/_``L[0O[MS_WZ-'_"
MSM"_NW/_`'Z-==]GA_YY)_WR*/L\/_/)/^^10!P>M_$/1[_0;ZU@6X\V>!XT
M!C(&2,"N@\!V\EIX`T2WG&V2.SC5@#G!`K<^SP_\\D_[Y%/"A>%&`.PH`6BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@"CJ_\`R#F_WU_]"%7JHZO_`,@YO]]?_0A5Z@"*[_X\I_\`KFW\JCT_
M_D'0?[@I]W_QY3_]<V_E3-/_`.0=!_N"@"S1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!0>E%%`&!XA\'Z=XEF@EO_`#`T((_=G&]3_"WJ
M*73/!7A[2%(L=)MD)ZEUWY_[ZS6]14\L4[V)Y(WYK:C(88H(Q'!&D:#HJ*`/
MR%/HHJB@IK+D<4ZB@#S3XF_#8^([==1T6*)-2BSO4#;YZ_\`Q5<E\//B6_AR
M231?%<DWD1MLC=QEH&S@JWM7NY&:\8^,G@>..)O$6EVZJ=P%VJ`DMG^+'0>]
M>?B*<J;]O2WZ^9]=DV-HXN"RS':P?POK%^O]=MCV.WN(KFWCF@<212*&1UZ,
M#T(J6O$?A#X_>*XC\/:Q<,T3#;:.Y`6/`^[GKSVKVU6##(KJH5HUH<R/#S/+
MJN78ET*GR?==Q:***V/-"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`*.K_
M`/(.;_?7_P!"%7JI:O\`\@YO]]?_`$(5=H`AN_\`CRG_`.N;?RIFG_\`(.@_
MW!4EW_QY3_\`7-OY5'I__(.@_P!P4`6:***`"BBB@#*L=1O-2MS<6L,"Q>8Z
M`2,=WRL5/0>U7[=KDAOM2Q*<\>62?YUE^%/^0%_V\3_^C6K:H`*\Y;XP6QOK
MRVM?#.NW8M)V@>6WMPZ,R]<$&O1JX3X6D_V=KO/_`#&+C^8H`J_\+<'_`$)W
MB3_P#_\`KT?\+<'_`$)WB3_P#_\`KUK:CXX>Q\<0:(MEOL@JBZOBV!#(YPB8
M[Y^O%0:QX_FTB#7)+C3"O]FSQ11%GXE$G1SZ"@"A_P`+<'_0G>)/_`/_`.O1
M_P`+<'_0G>)/_`/_`.O77>&-;_X2#P_:ZEMC7SP>(V++P2.#CVK7H`\Z_P"%
MN#_H3O$G_@'_`/7H_P"%N#_H3O$G_@'_`/7KT6B@#SE_B^L<;.W@[Q(%4$D_
M8_\`Z]=3X-\5VOC7PO;:Y803007!8+'.!N&#CG!-:FI?\@J[Q_SQ?_T$UP/P
M%_Y)!IG^_+_Z&:`/1Z***`"BBB@`HHHH`****`"BBB@`IKHKJ5=0P/4$9S3J
M*`/G+XK>#?\`A&M?^WV05;*^<LB("/*;N/3Z5V'P>\>2WZ#P[J;%I8E+6\[O
MRR_W.>I%>D:_H.G^(])ET[5(]\,G.1PRGL0?6OF;Q3HMUX&\1F(W2_NV\RWN
M(GR2,\'CH:\FI3GAJOM8+W7NC]"P.+P^=Y?]0Q<K58KW9/RV?Z/[SZNS1FO#
M=%^.EY>V]OIK6*'49%(%RYPA('=?4_6M32/BU/97*W/BJ2-;(_N93!$?W4H/
M!QR<'I^M=JQ5)R4;ZL_/,8U@L3]5K?%^'EKYGKU%,AE$T2R*<JRAA]#3ZZ1A
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`4M7_Y!S?[Z_P#H0J[5'5_^0<W^^O\`
MZ$*O4`17?_'E/_US;^51Z?\`\@Z#_<%27?\`QY3_`/7-OY5'I_\`R#H/]P4`
M6:***`(;F[@M(C)<RI%&.K.<"DM;RWO8R]K,DR@X)1LX-9?BV&TF\-7BZA$)
MH-G*;MI)[8-9O@`QRZ5-<1V,MFTLGS"1=@;`QD+]*`-/PI_R`O\`MXG_`/1K
M5M5B^%/^0%_V\3_^C6K:H`*X3X6_\@_7?^PQ/_,5W=<'\+O^0=KO_88G_F*`
M&ZCJ%B/%TGAZ\\.W)MM1N%9[\RXBDD50PXZ\8Q69XA\3:,+W7--U'PW<SV<B
M^7-="?$=U)#TB7N&&:ZRYMO#]OXHGU*\OXEU..#++-=?ZB(=6"$_*#W-5)O#
MGA>Z6:^>\S$)7FDD6\PB228W-Z`F@"'P5XET=?`9O(+,Z-8V#&-H)Y=QAZ'!
M/_`A^=;ND^*]'UN\EM=-OH+B>%=[QQOE@,XSCZ\50M_#_AJP\-7=O$8HM,GE
M$\SF?Y=PV\[NWW15;3+/P;I.N+JEAJ5FEY=QO"A-XI$BM*78*,\_.3_*@#L:
M*I6^K:?<V\TUM?V\T=N2LTB2AA&1U#'M2#6=-:!9AJ%KY;$J'\U<$@9(S].:
M`)=2_P"03=_]<'_]!-<#\!?^20:9_OR_^AFNYNKB&[T&>XMI4FAEMV9)(V#*
MP*G!!'45PWP%_P"20:9_OR_^AF@#T>BBB@`HHHH`****`"BJ;:K81ZBFGRWM
MNEY(NY+=I`)&'J%ZD5<H`*"<5G7>OZ382&.]U.TMW49*RS*I`^A-<7XB^+6F
M66ZUT=9[RYZ%XT&V,^IW=?7CM42G&*NV9SJ0@KR=CT,N%4EB`!U)/2N(\3?%
M'2]!EBBLX?[6<R;)A;3#]QGNU>3ZMXIUWQ3:S:=K^I2Q'8ZQM;'R(Y#V)QU!
MR/UKG]!OS-8Q6]VK?;+4&TOXB,-M_@?'I[UPU<;9/V:O8\VMF"47[)7L>F:]
M\4=8O[:-=`A33MX8EI!YCY7J@[;J\PU>"76S-=W&Y[H'9N(YDXR2`/7_`-E-
M:UC93W\K6EMYD]TREU2+)995Z/@=%/ZU!J>GZGI=J\\^FWJ6F`H=XRGEOU')
M[`@_G7%[6M45I,RP.(Q]3$TW0NYW5K+?]-3CK5)KG4;58)%MIQ/&%D<9`;LV
M/3M7H2:9J%[J-U#9Z3=7,\LAM[R.)#\C(<"0^@QVKA;6,C4(;BY(>03*V$&!
M][/2OL:U1#`CJ@4NH8D#&3BM\/2IUOD?><5Y<ZE2A7KQY9-:ZZZ.]F)IR2QZ
M;;I<%3*L2AMHP,@59I``.E+7KGSP4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`%'
M5_\`D'-_OK_Z$*O51U?_`)!S?[Z_^A"KU`$5W_QY3_\`7-OY5'I__(.@_P!P
M5)=_\>4__7-OY5'I_P#R#H/]P4`6:***`,3Q?"D_A34$D**/*)#.<!3V-9GP
M^GNI='D2ZNY;KRW`4S_+(HP."O;V]:N^.)K6/PE?)>W,=M'(FP/)TR>U8'PM
MTJ&VL+BZ=A)>%_+D=9VD&,#&<\=,4`=-X4_Y`7_;Q/\`^C6K:K%\*?\`("_[
M>)__`$:U;5`!7"?"W_D':[_V&+C^8KNZX3X6_P#(.UW_`+#%Q_,4`-U[POIN
MJ^-KB[%SIZW%QI3VEQ!+AFDST9ESRH%9UEX8BA\$7&FW&N6+1ZE,1+<K(NU2
M/NJGJ00.*?XW\(ZWXAU"XATBUALS+%(%U+>`WS1[=I`&?UK*O/`.LW'AOR8-
M)MH;QV:&,>>"EJI7:9`,8))Y]10!TL?@_4AX!O-(O+I+N6:3S%C"YCVC'[OW
M!QG\:Y2/X6:D-0TV>YBTVVM;5)2S8_X]]\I8%!V(!ZU9\;V.I6#:-I^V\U"9
M;**VMGMI7C$<ZLH:0X/S9`/!IEUX2U;7'U<QV,ZK(]RCRR7SJ+H9/EH$S\F#
MSD4`=$O@_P#LCPWKFF6UW::?'JU\72<<'8Y&5.>K8R!]:HW/PQU&'0WT[3-3
MB<)<M/`UQ'G:&C*,O'MC%+XL\'^(/$.G:+IVD.NF6MA;^<PED\S]^HPB9/)Q
MUW52=M3;XBZ=#=6MXU\;F&6:=9F\N.!8R&4J/E(W<Y]Z`.TL])NM!^&L>D6[
MQR7-EIOD*[#"LRIC/TXKRGX2?\+&/PXL/^$=_L/^S]TGE_:B_F??.<X&.M>X
M:CSI-W_UP?\`]!-<'\!@1\(-,!&#YDO!_P!\T`+CXN_]2U_WU)_A1CXN_P#4
MM?\`?4G^%>BT4`>=8^+O_4M?]]2?X48^+O\`U+7_`'U)_A7HM%`'G6/B[_U+
M7_?4G^%&/B[_`-2U_P!]2?X5Z+10!\\>,-,^)>H>/]&:TL]-7781N%_8!@L<
M.>5E9AT/H.:^@;7SA:1?:MIG"#S"G0MCG'MFIL"C'%`'S]\2/#[V'B2Z.I/-
M?07:EXYY,%HT)R`/]UOTKD(+F0HPNF6"Z@=4DD/0MC"$^S+D9]Z^AO'?AF;Q
M-H:16+QQ7L,@:*209&T\,OXCBL'P_P#"'2H+53XI2'6+M<8E(9``#D`C.#CW
MKSJF%E.H]=&>16P,JE5N^CU/*;'2=5\0`0:9927;Q'Y7C7Y3&3TR>,@C\J[/
M2O@OJMQXE.KZG?0V"S6PBN8K?+M.?4YQMQ[9KV6"UM[:%8K>&.&->BQJ%'Y"
MIJVIX2G#?4Z*6`I06NO]=CG="\#Z)X>F2XL+1?M:Q^6;IR3(R^A-9/Q=M6N/
MAQ?$<^2RR?D<?UKN*Q/&-I]M\':K;[-^^W;Y?IS_`$K:I%>S<5V/:R^:HXJE
M-:)27YGR@G^NC_WU_F*^Q+3_`(\X?^N:_P`J^.XO]9'GJ&'\Z^O]+8OI5JQ.
M284.?7BO-RUZ21]UQM%WHS]2W1117KGYT%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110!1U?_`)!S?[Z_^A"KU4=7_P"0<W^^O_H0J]0!#=_\>4__`%S;^5,T_P#Y
M!T'^X*DN_P#CRG_ZYM_*H]/_`.0=!_N"@"S1110!0U>QLKVR(U(+Y49W[F;:
M%([Y[5A^$]9MYKZZTNTTF]LX(&)BGG.8YQZH>XYK4\3V"ZEX?NK=ADE,KSC!
M'UXK#^',?D:;=6[32RM#+L)?!7/JI!((^GI0!L^%/^0%_P!O$_\`Z-:MJL7P
MI_R`O^WB?_T:U;5`!7AV@_$2?P5>:WIMQX2UJ]+:G-*LUO$-C*3QC/TKW&DV
M*>JC\J`/)_\`A>A_Z$;Q#_WZ7_&C_A>A_P"A&\0_]^E_QKUC8O\`='Y4;%_N
MC\J`/)_^%Z'_`*$;Q!_WZ7_&C_A>A_Z$;Q#_`-^E_P`:]8V+_='Y4;%_NC\J
M`/)_^%Z'_H1O$/\`WZ7_`!H_X7F<_P#(C>(,_P#7)?\`&O4;T!-/N'0`,L3$
M$#H<&N$^$=VVK?#6WU+79_M,YFF\RXN",[0Y`R?0"@#'D^.9,3#_`(0;Q#R#
M_P`LU_QKHO@\)_\`A7%J]U:RVDDLTLGDS+M907)&175+'I;PQS)]F:*4@1N&
M!5R>@![T1)IDT\D$#0/+%]^-'!9/J`>*`+]%5_L-M_SQ6C[#;?\`/%:`+%%5
M_L-M_P`\5H^PVW_/%:`+%%87B>%+3PKJ=Q:CRIHK9V1U/*D#@BG>"[F:\\#:
M+<W4K33RV,3R2.<EF*@DF@#;HHHH`****`"BBB@`J*Y`:WD5EW`H01Z\5+0:
M`V/CS48Q_:]U&@V#[0Z@>GS&OK#PW;M:>&=.MW8,T5M&I8=#A17RWXFA-MXN
MU./&"+MSQ[MFOJ3P\S/X;TYF)+&V0DGO\HKR,O5JDT?HO%]3GPN&:V>OX(TZ
M***]<_.@HHHH`****`"F&>)3AI4!'8L*?7FGPZ\-:/K?A5K[5K%+NZDO)P\T
MK,6;$A`[T`>C_:(?^>L?_?0H^T0_\]8_^^A6'_P@?AC_`*`]O_X]_C1_P@?A
MC_H#V_\`X]_C0!N?:(?^>L?_`'T*/M$/_/6/_OH5A_\`"!^&/^@/;_\`CW^-
M'_"!^&/^@/;_`/CW^-`&Y]HA_P">L?\`WT*/M$/_`#UC_P"^A6!)X&\+QH7;
M1[<*HR3EN!^=-@\$^&)K=)1HL`W#./F_QH`Z'SX?^>J?]]"E\^+_`)ZI_P!]
M"O`/C'H$7@^>SU'3,BWOIO*%JKLJQD8Y!SSUK5A^#>J3V4=PFL+F2,.%+OW&
M<5T^P2@IN22?J1SZVL>T_:(?^>J?]]"C[1#_`,]8_P#OH5YEX$\.Z)_PA*77
MBW3H+:ZBFDCEDO)"F<'`.6(X-=/:^%?!5\C/9V>GW"J,LT,V\`>IP:PE%IM%
M)W.F^T0_\]8_^^A1]HA_YZQ_]]"N7?PUX&B*"2WTU#)]P-.!N^GS<U8D\$^%
M(HC++I=JD:C)=F(`'KG-*PSH/M$/_/6/_OH4?:(?^>L?_?0KF;3PKX*U`,;"
MSL+H)][R9=^/K@T2^%O!4'F>?::?'Y8!??-C9GIGGBBS`Z;[1#_SUC_[Z%'V
MB'_GK'_WT*YFX\+>";2%);NTT^"-_N/+-M#?0D\U+'X+\)S0B:'2[62)AD.C
M$J1ZYS19@=#]HA_YZQ_]]"C[1#_SUC_[Z%<M)X;\"Q*K2P:8BL<*6G`!/H/F
MJ:7PAX/@C62?3[*)&^ZSR8!^A)HLP.C^T0_\]8_^^A1]HA_YZQ_]]"N9C\*^
M"YG"0V5A(S=%27)/ZTQO#7@=;O[*UOIHN,X\DSC?G_=W9I68'4_:(?\`GK'_
M`-]"C[1#_P`]8_\`OH5A#P)X8/\`S!X/_'O\:7_A`_#'_0'M_P#Q[_&@#<^T
M0_\`/6/_`+Z%'VB'_GK'_P!]"L/_`(0/PQ_T![?_`,>_QH_X0/PQ_P!`>W_\
M>_QH`W/M$/\`SUC_`.^A1]HA_P">L?\`WT*P_P#A`_#'_0'M_P#Q[_&C_A`_
M#'_0'M__`![_`!H`W/M$/_/5/^^A4F<]*X_7?!7ARVT&\F@TF%)(XBRL"V0?
M7K73::2=,MB3D^4O\J`&:O\`\@YO]]?_`$(5=JCJ_P#R#F_WU_\`0A5Z@"*[
M_P"/*?\`ZYM_*H]/_P"0=!_N"I+O_CRG_P"N;?RJ/3_^0=!_N"@"S1110!D^
M)8A/X>O8FA>97B(,:-M8_0]JS?`D5LNBM+;%]\C_`+U7QE&``V\`#\JO>*Y1
M'X=NTV/*\L91(8AEY">RCUJCX`M#:>&HXQ-=31[B4-S@L!Z`CL.E`%[PI_R`
MO^WB?_T:U;58OA3_`)`7_;Q/_P"C6K:H`****`"BBB@`HHHH`KZA_P`@VY_Z
MXO\`R->3?#O2KS7/@+%IFGSK;RW5S*AE=-X5?-).1D9'&/QKUG4/^0;<_P#7
M%_Y&O*OAM#J$_P``'31II(;[=<&%H@"V[><`9H`W=/\``UW;Z1I=IJ%PEQ<Z
M7J:74,T,;1H$W;BH3/09Q[5I>&O"C:+XHU/4UPGVS>TX"?Z^1F#!P2>,#C%9
MFN2>)F\,:0EI;W<CP0QG48XCMED8H,;6]FY-2^%M$US^V+2]\175WY\%BBSJ
MLQ\F:=N2VWH,#CCO0!W8-+7F.K7/Q"7Q/<'3I9/[.$TABC%NA&Q6C"C=C/(,
MA_"O30P]:`%HHR*,CUH`QO&'_(F:O_UZ2?\`H)J#P%_R3S0/^P?#_P"@"I_&
M'_(F:O\`]>DG_H)J#P'_`,D\T#_L'P_^@"@#H***K7^HV>E63WFI745K;1_?
MEF<*J_4F@"S32X!P:2*:.>)9875T<95E.01ZBO(/B]JEU)KUGI]G?36PB0%_
M)D*$,QSG(_V0U9U:BIQYF95JL:,'.1[#N]12@YKYXM/'GB33+%+6TU60L0JA
MIE$K`DDY);T4?K5Z'XI>*+5T7[9#?/(4`62`*%W'_9_V<&N98VD]SBCF5![W
M1[S2-V^M>11_&348!F]TNVD42,A\F0@\=^?6MR+XOZ.KB/4;.\MFPN=B>;@M
MT'RUM'$T9;2.B.+H2VDCQ[XD0?9_B/JR[2H,P89]P*^CO#3!O"^F$'(-K'_Z
M"*^??BQ?:9?^)$U?392UM<PC?(ZE0'!((.>]>W>"=:TNY\)Z5#;:A;2RI:QA
MD20$@X]*Y,*K5ZEMC[O.<33Q.4X2<))O5/7LD=312`CUI:](^."BBB@`HHHH
M`*XGX2_\B*/^ORX_]&&NVKB?A+_R(H_Z_+C_`-&&@#MJ***`"BBB@"KJ>3IE
MP%ZF-N?PK-LK+5OL,)7455=@PIBR1^M;;H'4JPR",&FPQ""!8U)(48!-`'DG
MQHLH(]`TR;Q'YFHQB^2.)(3Y15F(&XGG.,=*]#@T_48DM5^W[H8]HV+'@E0/
M6LOQYX';QS96UG/J+V<-O.MPOEQ@DLO3.:TO[.UX1[1K*#`P#]G6MI23IQC?
M:Y.MV<1\:[/5)++2-3T>U.IG3KKS)M.*;TD7'5E[XKE]!F\-^,?#'B[4;&S?
M2+IK=9)].BG*F)T#8?"XP#Z5Z5>>$=:<V5U9>(&34;>1GEGEA!6<'^$J.`/I
M6!-X#'AZP\6^)+^XA>_U&S</';)LBC7'.!U)/J:Z*=6*I\E]>GW[&<D[W.9\
M-_#+0=<^"D6H7*3G4Y+9[A+MI6+1NN<;>>!Q63IVLZEXAT'P!H-Y>K#'=23[
MWN2S+/Y1VHK@$$@^F:T='GU[3O@QI2MJ^S2[U#$3!:[I8D).1N^Z!CN:?J6E
M^%/$7A?2].T9-2L9=%BEN+.YC7<Q$;`/GURQ%=7/:;Y]5S.WEN0EHK=CLM+^
M']]I?CJ'Q`^IV%K"T)MIK*RM3"DX/3^+&ZN!\+>"=(\3?%_QEI.K)/)96JH8
MX1,V.3WYYQVK4TCQ(+B_M+KQ3X@N-=%H3/9>1`(8`Z@`EB/OLNX`@^M1^"]0
ML=,\7^(_%O\`;6]7@\_486MSPBN0`OHV1TK).I%2N];6T7F5H[%OQ%IVF>&O
M'L,MI&_B:9+-+:V\.;MS0J!CS.<CIZU%\*U_MSP=XKTW4TD6WMKJ1XK?S&#0
M$J3MR#T!'3I56ZGD@^(&H>)]"FU'3KVZL5GN8)[99!]FQ_K$R.WIZU3T/4;/
MPJ=?.F>(KB>.[4RS1R6BDY;`W'`X/S\"G:]+EOKIW_K_`#%]JYGV'A'1[K]G
M/4];N;=I=1A$LD<[R,2A5L#'.!7;V":<WPD\/>)_$K?:(='L"ZVTDF%F<KA0
M3Z^E<ND\>G?"N^\./>7`TF25K>6[DM"KH[?,4V^^>O2JVIQ6&L?"W3+&Z\4&
MWT:RN!;*@@(:=AT)]0/:M)+VCLV[<S[["6FW8V_A?X6EUYM6\;ZD[Z8NH1R)
M8P#Y5MD(QYBG.#CUKC?$30Z7\/+S3=+LI=96"Z$C^*D;&9,_=R?F_7%=1_PD
M*R:;'::YJ]\FB6Z266RVLA&`X0C!('7!Z5D&VLQX./@K4/$=S;6,(\Q(FM%5
MHQC>K2/CA3NZ^^*<&_:<T]KK379?Y`]K(]]\)2O/X.T>69R\CV43,S'))*#F
MMBN>\#6MQ9>#=-AN;Y[W$"^7(\80A,?*,#T&*Z&O(G;F=CH6P4445(PHHHH`
MS/$G_(M7_P#UQ:K.F?\`(+M?^N2_RJMXD_Y%J_\`^N+59TS_`)!=K_UR7^5`
M$>K_`/(.;_?7_P!"%7JHZO\`\@YO]]?_`$(5>H`BN_\`CRG_`.N;?RJ/3_\`
MD'0?[@J2[_X\I_\`KFW\JCT__D'0?[@H`LT444`4=4TI-4BC1YYH&B?>DD+;
M64_6F:+H\>B6/V2&XGGC!)7SGW%<G.!6C10!B^%/^0%_V\3_`/HUJVJQ?"G_
M`"`O^WB?_P!&M6U0`4444`%%%%`!1110!7U#_D&W/_7%_P"1KR7X?ZQ)H/[/
MIU""<0SQRS^2QB\S+^8<#'O7K6H?\@VY_P"N+_R->2_#O4?[*^`\%WY]I;A;
MF8&:\4M&@,AYP.I[`>]`%JR^(/B236M(ANH(UMIQ&+AEASOS]]@>P7I^%;\W
MBN^?Q]IVFZ8_VNRN6(GB^SD>1'L)$F_OD@#%8]MXE\3SW6EI#9Z9'YD$MQ=)
M+#L^SP*2`Y;/&['3!K3\->,9KKP[JNKW)LKVVL@##=6*%$N!C)`SS@'C-`%+
M5?BI+I>JMI[:=&9HY)1(ID8;41D`;ISG<?RJY;^/Y;WQ?IME:VH&DWES-`MV
M4;]YMB5@>1QEBR_A7,7/B?PLFJ/?W/A>!K_4)I(+B8W!*L$V,<$_4<`#I79:
M5XM2>#7YM0LK>SM-'96BP0QV-&'!(QP>:`,Q?'VMR>-#;PZ3YF@_:6L_M.UA
MM<#[W3G+?+CIWK6\"^-9_%OGK=:<;*6WC4RH=WRN2P*\@=,`_C6/HWQ%D/AR
MZGU>WMI;R"XC3R[8[8R)3E<D]",\GUKJ?!GB&W\6>&X=:MK7[,L[,"AQG*D@
MG/?I0!/XOY\&ZN/^G.3_`-!K@?#'Q1T>U\#Z/9:6)K^]AL8T:)+:4C<%`(W!
M<5WWB_\`Y$S5_P#KTD_]!-5?`$,4?P]T$QQ(A:PA)VJ!GY!0!Q4?Q!^)5U=A
M;'X<K);$_P"MDO?+X^A%=5-'=^)O"U[:>,]%BLK9XB98S()1@#.>/3%==BD*
M*000"#U!H`\P^"2^(9-`OKC6KZYN=.:Y9=,6Z3#>2.C9ZX[8(J?QS\/KK6-3
MEU:RG>>XDPHMPBJ$`4J#DGG@UZ.L:(`$4*!P`!@"G8!J)PC-<LEH9U*<:D>6
M:NCYQ_X0GQ;:W<DE[H3^7\Q1E<-S@*O0^F35*/3Y;"[66]MKB,@L?WL3*`%7
M:O./;-?3>!4<MO#,,31)(/1U!_G7'/`TY7MH>?4RRE-.S:/EXB.^OK6Q$JY8
M`RE2"=WW_P!<8JW'F25;ANKRM,%]$08`^E>^ZAX)\-ZI)YE[HUM(^,;E78?_
M`!W%9]S\-/#,UHL$-@;144HI@<@@'J,G-<\LN?21RRRJ7V9'SEXM<M96%FL8
ME+`SE#_'O/2MW199-*C/]GS20"UM0Q,+;22?F&3["M?XM>![3PO+I>H:;=7+
M/(6B_?N&"A1D8&!ZU8\->`-7U[PG%J.F7EJ#=.!*CJ5.U.-N>>W%8>RJQ?LH
MO5;V/<QF68NGD^'G27NW=VGO)M_/;\CIOAIK][?>*KC3-0UFXNY(K)9O(G;<
M3N(^;VQT_&O5P.*X[P)X*C\/+/?ZA:0#5YV*-/&VXB$8VIGVKLJ]BA&4::4]
MS+#QG&E%3WZA1116QN%%%%`!7F_PQUZPL?!Q@N'E$BWEQD+`[#_6'N!7I%>3
M>!/%7]B^%&A>W5XHIIYYI#)@JIE(X&.:`/0?^$JTK_GI/_X#2?\`Q-'_``E6
ME?\`/2?_`,!I/_B:Y\_%701(Y"W1@CR'F\O@-V7KU/:NML;Z+4(!-`&\M@"K
M,,;@>XH`I?\`"5:5_P`])_\`P&D_^)H_X2K2O^>D_P#X#2?_`!-:_%'%`&1_
MPE6E?\])_P#P&D_^)II\6:2)`AFFW$9`^SR9(_*MGBJ$O_(PV^/^?>3_`-"6
M@"O_`,)5I7_/2?\`\!I/_B:/^$JTK_GI/_X#2?\`Q-;&!1@4`8__``E.E?\`
M/2?_`,!I/_B:R_$%YHGB+2GT^[O+^&"3B3[/%(A=>ZD[>E=9@48%-.SN@W/.
M;/0?"=IH!T07NK2Z=QM@D\TA!Z#Y>GM3[70O!UEL^R2ZE$$#*`HEQM9@S+]W
MH2!FO0\"C`J_:3[D\J/.W\.^!#906D5O<P0VYD*+#%*O+D%B?EY)('Y4MEX?
M\"V$%U##;W#1WD9CN%>&5O.4G/S?+SSS7H>!1@4>TG:UQV1P1TWPHR`-<:DS
M"$V_F$2[C">L>=OW?:J3>%/`+)(H@NT\TYE9(Y09`""`WR\@;17I6!1@4O:3
M74+(X#4-(\&ZG%+#=?;3!*XD>%8Y0A?&-V-O7`ZU2;PC\/VL19/;W;6J\I"8
MY=J-W8#;PQ]:],P*,"FJLULPY4>='P_X)>S-I*+Z6$S&X9'24AI",%C\O7%)
M_P`(YX$>=YKF"ZNI)4\N1IXI7\Q,`;3\O(``Q7HV!1@4>TGW#E1@VOB#1K.U
MBMX'G6*%`B#[/)P`,#^&IO\`A*M*_P">D_\`X#2?_$UL8%&!68S'_P"$JTK_
M`)Z3_P#@-)_\31_PE6E?\])__`:3_P")K8P*,"@#'_X2K2O^>D__`(#2?_$T
M?\)5I7_/2?\`\!I/_B:V,"C`H`Y;7_$NF2^'KY$DFR82!FW<?TK?TS_D%VO_
M`%R7^55?$@_XIK4/^N+5:TS_`)!=K_UR7^5`$>K_`/(.;_?7_P!"%7JHZO\`
M\@YO]]?_`$(5>H`BN_\`CRG_`.N;?RJ/3_\`D'0?[@J2[_X\I_\`KFW\JCT_
M_D'0?[@H`LT444`%%%%`&+X4_P"0%Q_S\3_^C&K9SS6:NCM$6%M=R01LQ81Q
M@``DY/ZU;M+:2V1EDG>?)SE^HH`L4444`%%%%`!1110!7U#_`)!EU_UQ?^1K
MS7X/6.GZM\'K6SU)(IX&N9BT;G@XD->H2()(F1AD,""#[UR</PV\/VZ%+>R@
MB0L6VI%@9)R>]`&U%I.EP1[(XX@#$8"2V28\YVYZXR:K)X;T:WT.YTFPCBL[
M6X0JRQ$8'T!JE_PKW1/^?>/_`+X_^O1_PKW1/^?>/_OC_P"O0!1LOAIX>M'L
MWFF>[:UDDE!F<$.SXR2!_NBNE.E:2PNE,$&V\`%PO&)`!@9'T&*R/^%>Z)_S
M[Q_]\?\`UZ/^%>Z)_P`^\?\`WQ_]>@"QJWA71M4TV:TC$5EYQ4M);A0<KT/I
M5KPYHVG>%]!M])TV0?9X`<%W!)).236;_P`*]T3_`)]X_P#OC_Z]'_"O=$_Y
M]X_^^/\`Z]`%[Q=-&?!NK@2)G[))_$/[IJ/P%S\/-`_[!\/_`*`*IO\`#K0W
M1D>UB96&&4Q\$?G72V-I%86$%I;(L<,"".-%&`J@8``H`GHHHH`****`"BBB
M@`H-%!H`\B^/BDZ/H[`<+<29_P"^16C\#M0^T^#)K4G)M;@CD]FYJK\>$)\-
M:<X'"W!R?J*R_@'<J)=7M=QW$)+M[>F:\QOEQMNZ/N53]KPO?^67_MW_``3V
MH44@I:],^&"BBB@`HHHH`*\4\(ZQ:6&@I%=Z!-J'^D2JLR,-K,\K`1L/3J<G
MCBO:ZXCX3!6\"C(!_P!,N.W_`$T:@#$CUWPO-+);1>&)G42RJWR8!\L<M_05
MU&B^)(;C47L(-.>WB6!94E#AD/&=H],>M=1Y4?\`<7\J!&@Z(H^@H`Y6#QM'
M=7%C]EM&GM;NY:`W*M@1X!.2IYQQUJUKWBJ'13"D<)NI)5#I&KA25[D$^G7'
M>M_R8MI7RUP>V*!#&`!Y:X`P..@H`X@_$<&.0II,[E99(XU#8,ZI_P`M%_V?
MK6WI.IC6;C3[]86A$UJ[;&ZCYEK=\M!C"+P,#CI5"0!?$-N%&!]F?@?[RT`:
M-%%%`!116;XBU$Z1X;U#4%QFVMWD&20,@<=*`-*BO&?"'C.7P[9W-]XHUV[O
M!<Z<-06VNB6>+V0CC;VYYK3B^,PD9K;^Q9C?IJ<>G&%91@LZ%T8'TXYH`]3H
MKC=`\:KXK\&ZQ?V\$EG=6#7%M-&6R4EC4YP1^%9=E\0%T?X.VOB&],E_<Q6B
M22J6^9R>#R:`/1J*\=\6?%99;+5K.U%Y9/I_V.1KFV<;V\UA\HSVYP:ZNU\>
MRCQ-8:5?Z;);PW[F&TG:0,TK*H))`Z"@#MZ*\7\7MXJUSXJ:KI'AW7-0LOL.
MFI<PVUM,%69R?NG/`SCK6Y%\3+W3KR?2]<T>2*;2=*COM4F28-Y64S@?WCGB
M@#TRBO(=6^*[7FDRVTEI>:7<O#;WMO)!(I+PO*JCZ'GD>]=5:>/7O/$-U9P:
M9(]A9SFVGN_,&5D";B=OIB@#M**\@UOXN7[^$-5O=/T:2';:&XM)VG`WIOVY
M..0>]>E>&+NYO_"VFW=ZNRXGMD>1=V[!(SUH`U:***`"BBB@#,\2?\BU?_\`
M7%JLZ9_R"[7_`*Y+_*JWB3_D6K__`*XM5G3/^07:_P#7)?Y4`1ZO_P`@YO\`
M?7_T(5>JCJ__`"#F_P!]?_0A5Z@"*[_X\I_^N;?RJ/3_`/D'0?[@I]W_`,>4
M_P#US;^5,T__`)!T'^X*`+-%%%`!1110`4444`%%%%`!115;49WM=+NKB+&^
M*%W7/3(4D4`6:*\\M[#XGW=K%<1^(M#5)D$BJ;)R0",@=:D_LCXH_P#0R:%_
MX`O_`/%4`=_17`?V1\4?^ADT+_P!?_XJC^R/BC_T,FA?^`+_`/Q5`'?T5P']
MD?%'_H9-"_\``%__`(JC^R/BC_T,FA?^`+__`!5`'?T5P']D?%'_`*&30O\`
MP!?_`.*H_LCXH_\`0R:%_P"`+_\`Q5`'?T5P']D?%'_H9-"_\`7_`/BJ/[(^
M*/\`T,FA?^`+_P#Q5`'?T5P']D?%'_H9-"_\`7_^*H_LCXH_]#)H7_@"_P#\
M50!W]%<!_9'Q1_Z&30O_``!?_P"*H_LCXH_]#)H7_@"__P`50!W]%<!_9'Q1
M_P"ADT+_`,`7_P#BJ/[(^*/_`$,FA?\`@"__`,50!W]%<!_9'Q1_Z&30O_`%
M_P#XJC^R/BC_`-#)H7_@"_\`\50!W]!&:X#^R/BC_P!#)H7_`(`O_P#%4?V1
M\4?^ADT+_P``7_\`BJ`.QU/1K#6(%@U2UCNHE.X)(,@'UJ'2_#>DZ+*\NE:?
M#:/(-K-$,;AZ&N4_LCXH_P#0R:%_X`O_`/%4?V1\4?\`H9-"_P#`%_\`XJER
MJ][&BJ34>12=NU]/N.^`Q2UP']D?%'_H9-"_\`7_`/BJ/[(^*/\`T,FA?^`+
M_P#Q5,S._HK#\(W6I7>@@ZY-#/?13RPR20(51MKD9`/3I6Y0`4444`%>5^#M
M5_X1_0-.LY-6@A^WRSS(K0!O+_>L`"=W?MQV->J5Y#H7B;3M-T2"WOM$CN9K
M6%[EKAHP3Y/FR<@XSD'`Q[T`;US\0+:UU]-(DUI#.R!S(+$E%!..3N]:OMXJ
MC$DL8\06[O%.8&5+-B=X7<0,'G@=:Q9O%\7VF".S\.0S33V23D",,V'/,73K
MWKO[6QLPL<Z6,4$N-W"`,A(]:`*R6^L2(KKJ<&UAD?Z+_P#94OV76O\`H)V_
M_@+_`/95J44`9?V76O\`H)V__@+_`/956M5O5\3*E[<Q3;+9L%(MG4CW/I6[
M64/^1K/_`%[?UH`U:***`"F2Q)-&T<J*Z,,,K#((]*?10!BVW@[P_:)<);Z3
M;*MRGER@KN#+_=YZ#V%87B*V\#>!-+75=7L;>T@%RC+($+'S0"%;Z@9KMZ\X
M\9^`M9\9>.+>>;4A9Z':6;HB*!(9)7X8E",?=)&:`.RTS3M'@L)%TR""*WO@
M;B14X$N\<L1[@U2MO!GA:U4I:Z7:JLT93R\EE9>X"DXKS#7?"NK:;X5\.:"N
MIR_V_%<FQBDAD;,MDQ^8MCI@#'/2MVX^'.JVOC5[FS<W6DNENL"/=LC6GEC#
M8&><X[=>]`&M;1>`I?#EYJ-KI<$MDMR+28"(EGD1PH7!/.&QBNE@\/:%;:JN
MHQV4$5\WW9&/S#(Z`$\'Z5YFWPN\0Q6ULZ3K,(;Z\EDL%N3&DR3$E&)'&Y?S
MJY=_#OQ"^E:[;VUR%DN].M;>R+7+,898V)=MQY'!Z]:`.VU*_P##N@>++!KV
M-8=5UIOLL$P0YE*\[2>U.LI/#NI:[K36\,+7UOLM=0E=/O`C(0D\$8JGXK\,
MWNM>!8;.T:/^V;-(Y;6:1ON3H!\V[ZYYKE3\.]?'@[38I9TFU1+^2]U&))RB
MW1?.5+^V1C/I0!I^(O"OAR^O[?PS9XTN6Y9;N<Q0%O.BC8'8')^7D#BNM3P]
MHKZJ=4BLX#>`X,R'OC'(!P3BO+=7^&/BN[M$CT^[%OC29;;9]L=MLS."#N)S
MP!UKM_!WAK5-$UFZGOYE:WEL;:)460G]ZBD.V/<]^]`&PG@_0(TNE32K<"\4
MK.NW(<'J,=A]*TK*RM].LHK2SC$4$*[8XUZ*/2K%%`!1110`4444`9GB3_D6
MK_\`ZXM5G3/^07:_]<E_E5;Q)_R+-_\`]<6JSIG_`""K7_KDO\J`&:O_`,@Y
MO]]?_0A5VJ6K_P#(.;_?7_T(5=H`AN_^/*?_`*YM_*F:?_R#H/\`<%/N_P#C
MRG_ZYM_*F:?_`,@Z#_<%`%FBBB@`HHHH`****`"BBB@`JEK7_(!O_P#KVD_]
M!-7:I:U_R`;_`/Z]I/\`T$T`+I'_`"!+'_KWC_\`012:QJ4>C:+=ZE,C21VL
M32LB]2`,X%+I'_($L?\`KWC_`/014E_91:CI\]G<Y\J="C[3@X-`&)_PF=C'
MH;:E<IY8%NUPL:R*Y95]".,Y(%36WBVRFT%=5ECEBB9U14V[G9B`0`!UZ_I2
M:EX/TO5!;+<+*BVT;1QK$VT$$8.1CFI)_"VGW&B?V4WG+;[PX*28<$#`P?PH
M`H1?$+0WLKFXEDEB^S-AHVC.X@MM#`=QD5-)X[T*,S`7+R>4BN3'&6#;C@!?
M4\]!3;GP'HUU:+;2BX"+&(P5DP=H8MUQZFK-OX1TNVMX88EDVP2+(F6YRO3M
M0!1U#XBZ#8VY99S/-Y*S"%!AB&8*!ST.3T]C5R]\8Z5ICR#5)A:JEP+<,_1B
M5#9^@!YJ&Y\!Z+=70N)4FW^4(OE<`8W;O3KGO5C5?"6F:PA6]21@9Q/\K`?,
M`!Z=,#I0!#_PG.AFVN)A/(1;N$91&=S=\J.XQSD57TOX@Z3JNJ064*3H;@LL
M4CIA6*_RIGB/P?I-YI+P3WC6*%-K2Y&0BC)QZ<4:#HOAN!$_LV\,K0,&^>3D
M$C@X(Z''%`%G4_'6DZ7=SVSB>:6WFCBE6*(MM+]/KCO5@^,=&%]#:FY.Z94*
M/M.P[N0-W3..<57/AW0SXEN+XW#?;Y<221^<,#:,9V]NM07_`(2\/+')?WD\
ML<1MOLY<384+C:"./O8[CF@":?Q[H<&6$[2QB/S-T2%LC.,`#K5RT\5Z5?:H
MMA;3,\KQ^8&"'9TR1NZ9`(R*KV_A_1%M[6>)RL2AO*9F`!WXSU'M5*P\)Z5I
MWBQ-6CU'+[6ABMMXQEASWY/%`&C)XQT:&(22W)1#,8=S*0`1U8_[/OTJD_Q#
MT4_9_LKR3^=<>1\JXVDJ6#'/\)`X/>FOX6\.37+V#W+F:.X^V/"9QN!;C!']
MWVJ<^$=#FNE"M)YL7EG:L@'"*57MTP:`)5\;:(UW);&X82)ZH<,/53W'TJ:'
MQ9I$^IFPCN#YW&TE2%DSV4]#COCI6&?A?I4^I75Y>W-U(9W1E2-]@CVG(`J_
M=?#_`$:\NKJ>4W2O<[-VR;:%V]-O'RY[XZT`:%AXHTO4]1DLK.<O)'$)F;:0
MNT^_K[56'C;0S;P3FZ*Q3R21H[*0,H,L?IQUI^G>#],TO5#?VGGB8VXMR&DR
MNP>WK[U4?X>Z(]K';M]I\N.2211YO=_O=NE`"1_$7P]+$)$GFV%=P)A;GO@>
M^,''O4O_``GFB(2;BX\A#*D*-(,;F9=V".V.^:;J'@/2M0T?^S2T\46]6W(W
MS<*%Z_0"I6\$Z0]O!"Z2LL$J2J6<$EE&!DXYXZ^M`%_3->L-7N[RWL9#(]F^
MR0[<*3['O6E6+8>%=/TW5+F_M3.);F42R`R?+D`C@=AS6U0!B>%?^0;<_P#7
M]<?^C#6W6)X5_P"0;<_]?UQ_Z,-;=`!1110`5R?@*W6;P-IY>*%S^]7+C)QY
MK\5UE>3>&Y-2?1H)8-A%I$QL")5"F0S2;Q("W.!CB@#U!+54<ND,"L3DD#G-
M2_OO]C]:\LTEO%FF:K-.1;3":0+N:9<(A.2<;JZWP_KFJW=W>#7(K6RACG(M
MR)4/F1XZ]?6@#IOWW^Q^M'[[_8_6O.)+SQ'I%S+-HMO#<FZ+-<":=#M;)VE/
MFZ8Z_6K>G^)/%[\ZC86,>^+("SI\CDD8/S<@8R3[T`=Y^^_V/UK,3=_PE9WX
M_P"/;M]17-^&_$7BF^UM4\06=GI]@(BS/YR%B^>%&&KHH9X9_%3&"5)0+;DH
MP..?:@#9HHHH`*XFP\4ZCJL.MW@NK'38M*OVM%2ZX1P-OS2-U7.[C'M7;5C7
MGA;3;[5XM1G1_-CYV*V(W/JRXPWXT`<;+\2=3L]>U>.>RMI].T_4;6S\R-R&
M(F4'(]<$Y^E-G^+R1>-9-%@M(KNW-O<2Q7,+DKF)2Q4GH<X[=*[:3PUITKW+
M-&W^DS1SR8Q]Y/NXXJL?"&C0S2W10QY9Y&.0%7<I#=N!@T`>?K\;98]-^V7F
MAJ'FT@ZK;*DF?D#A"C$]#SVJ[<_&1M.;4K?4=((NK6.UEC\I]RL+CA`>^1WQ
M^%;FDZ=X,\1Z2]SI-ZEU9VL+6#RJ^`B@Y(.0._?I3;B\\#IIFH:U+J<36;!+
M"XN$^=0R\*JX!.[W&:`,S3/B9?ZIK^@6(TXVJ7UW/;SF5&7<$0LKIGG!QWJU
MXY\;ZSX7U.1[>P6ZTR"W$LKVN))HF_Z:)U$>.XYK7TNW\-+H-CK-K=N;#3Q)
M+%<SDC:",,3N`-7-1TW1/$<5I=RW0*/AHI(90OG#L#_>'M0!R6H?%Z&T_L>6
MUBM[Z&^$!E$!8LGF'&>F%Q_M<U+)\2-5-X$M]*MFADU:72HV>4AMZ]'/^S^M
M=#K>@>'K5)=:U4BTAMH1YKKA45%.<D`55AN_",OAU=?BU!&TQ;IKD7'./-)P
M1C&<YXQC-`')Z9\9K[6;I+.QT2%;D07,LOF3$*#`<,!]>U$7QAN=0@FOK*S$
M5I]@MKJ-'&7#22LC`]L<53O++P2/$5AXH_X2&*'17AFM]B[@[2%@S<!<@#'.
M17I8\.Z-J47VJ`!XKB&-5:(@*R*=RXX]Z`.6N?B?<V5S/-/IB'3[?4SISLLA
M\PMV8#IBF:#\5+C6=8\.V[Z4D-MX@$SVS^;EXTCS]X>I([5V3>&M/96!1CNN
M?M1S@_O/7ITKD=,^'.HQ_$&VU_5-0MY+>P,IM8K>'R\E^#D=``.PH`]%HHHH
M`****`,SQ)_R+-__`-<6JSIG_(*M?^N2_P`JK>)/^19O_P#KBU6=,_Y!5K_U
MR7^5`#-7_P"0<W^^O_H0J[5+5_\`D'-_OK_Z$*NT`0W?_'E/_P!<V_E3-/\`
M^0=!_N"GW?\`QY3_`/7-OY4S3_\`D'0?[@H`LT444`%%%%`!1110`4444`%4
MM:_Y`-__`->TG_H)J[6?X@F2W\-ZE+*<(EK(2<?[)H`DTC_D"6/_`%[Q_P#H
M(JY5+16#Z#I[+R&MHR/^^15V@`HHHH`**9-,D$+RR'"(I9CZ`5R6G?%+PKJJ
MJUE>R.&&1F!QWQW%)M+<5TCL**I6FKV=ZH:WDW`G'(Q5O>OK3&96O:$NN1+#
M+*4C,<L3X'.'0J2/?FL`?##35B*B]N][/$S2E_G81@A4)_NC)Q7:Y%&X9H`Y
MS3/!=CIFJ-?QR223O"87>0Y:13_>]ZD_X0_3SX>ET>;S+FU>7S0L[D[3G(`(
MP<`UO[AFES0!R>K^#!?:5IMA%<DQ63J1YI)X!SG@]1T&:9IG@"TL[ZUOY9F>
MZMY"Y*D[9.202#WYZUU]%`'+7O@>&]U:349-0N5FD?>RJ%"G`P`>,X'UK0T[
M0C8ZH+HSEPL3Q@$=2S!B?PQQ6S10`4444`%%%%`!1110`444$X!)[4`8GA7_
M`)!MS_U_7'_HPUMUB^%01I<[=GO)W7Z&0D5M4`%%%%`!7E7AE?#-OI&D6FHZ
M89KF\\Z1YPIV1CS7Y8YP,XKU6O//!OA_2?$7@VQFNQ-*8))8RGFLJJPE?MZ\
M]:`-":U\#PQ*_DVKET+HBL=S*.I`ST%7++0O"&HH'L+>TN%)(!C<D<?C22>`
MM!FGCGGBFEDCB,*L\['"$8(J[H'AK2?#-HMKHT1@A7^'>3GL,YH`3_A#/#__
M`$#(OS/^-'_"&>'_`/H&1?F?\:VO,7.,TZ@##_X0SP__`-`R+\S_`(U%INDV
M.D^)Y$TZV6!9+?+A<\D&NAK+*LOBD,1P]L<?@10!J44F3_=HR?[M`"T4F3_=
MI-Q]*`'5A>---U+6?"=[I>BS16]S>)Y!FEZ1HW#GZ[<XK<W'TI-WM0!YWX8^
M'EWX=O+G39FM+SP]>VR)/$%9'$B<9QGD-WK-OOA7?R^#+O1K.2W@5M8&H0Q(
M=H\L'Y5!'W37JV?:ER?2@#B/^$-U2\^$-QX7UN_COM0FM7B%P5PH)^[GUQQS
M7(WOPDU2YM+2*'R85ATU+2VC%R^+"9>LZX/SYZXKV3=GM1O]J`.-\2^&M=UC
MPMI>@Q7L$HS&NI7<ZG,JI@G"C^\16=#X4\2:5I^M6=A'I=XEQ=+>V'G*52&4
MG+Y7V/(KT/=[4;N>E`'DC?#?Q'_P@<^BQC33/?33/>33@M*QD(.]7&`.G(QR
M*],\/:?+I/ARPT^X>.26U@2)FB7:I*C'`[5?W>U!;':@!U%-W'TI=Q]*`%HI
M-Q]*3?CM0`ZBDR3VHR?[M`&;XD_Y%F__`.N+59TS_D%6O_7)?Y55\2$_\(UJ
M''_+!JM:9_R"K7_KDO\`*@!FK_\`(.;_`'U_]"%7:I:O_P`@YO\`?7_T(5=H
M`BN_^/*?_KFW\JCT_P#Y!T'^X*DN_P#CRG_ZYM_*H]/_`.0=!_N"@"S1110`
M4444`%%%%`!1110`5C>+_P#D3-8_Z\Y?_036S6-XO_Y$S6/^O.7_`-!-`%GP
M_P#\BUIG_7G%_P"@"M"L_P`/_P#(M:9_UYQ?^@"M"@`HHHH`Q_%=PUIX3U2>
M,X9+9R#^%>`F)8#=B#Y1;6@1`.V1NKV[XA3>5X-O$S_KRL/_`'T<5XG.=R7L
M@``:2./\OE->+F,FY1BOZU/GLWF^>,?+]2O)$$U6S5&?RH+)Y&&\\M@$9Y^M
M.MYKRRN-)M[2_O(?-62:79,>1C('ZU9F/ES7Q.,+$B`X]<BF8$5R6EY^SV@4
M$>IX->:JLTKI_P!?TSQXUYQV;^_^NYHV7BSQ':V4+'6+MWFN-J!GR`F>GY5M
MQ_$3Q#"+S;<Q2+"I"&2+)R!WKDHH7DGTM,@?9HC(X]1C;2>8LFF7LZ9VR3DC
M/H2!5O$5ME)_TS5XO$-Z3?W^?^1T&N_%CQ1865DUM+:"6<9;=!D?=!/?WK&M
MOC;XP2Z87DUDT03/R6W/\ZPO%I"SV=OWB0G/UP/Z5R\AQ]HSV`'YBMZ>*K66
MO]7/VGA3*L/C,DIU\5&\I2EKULF[?D>U:?\`'=%9!J-K<2;AG]S$H^O>MR'X
M[^%I$5I8KZ$,=HWQ#D_@:^>R,3JW9(S_`$IJ@@VRGME_\_G70L=46Y[-3A7!
M2^%R7S]%V\SZ=L_B]X.O#M&JB)]P4+)&P))Z#I6Y!XOT"<A4UBT#'H'D"$_G
M7RIX>@%_K5N?X1*TG/\`L5VDD%O+=WTCPQN88@5+*#@[2?Z53S&479Q_J]C\
MRXBE3RG'+#4O>7*GKYO3\+,^BH;VWN?^/:XBF'?RW#?RJ?/-?/FGR26UG%Y$
MCQDJ"=C%>O/:NU^%OG2Z[JLKW5Q,BPI&5ED+`-DG(!]C6V'QZKU.3EL>/A,S
M6)J^RY;'I]%`Z45Z1ZX4444`%(_^K;Z&EI'_`-6WT-`&/X6_Y`O_`&VD_P#0
MC6S6-X6_Y`O_`&VD_P#0C6S0`4444`%<1\)_^1$&?^?RX_\`1AKMZ\Y^&$.K
M/X-)L[NUCA^V7&U9("Q'[P]3N%`'3MX>(6^2&>58[Z8R2#S3G!4#`].E4+KP
M:;F[,_G."MNL:#SFPS*,`,.Z^HK7^SZ]_P`_]E_X#-_\51]FU[_G_LO_``&;
M_P"*H`S]`\*?V)?K,LSR*MOY8WRECDG)Z]AV]*Z>LC[/KW_/_9?^`S?_`!5+
M]GU__G_LO_`9O_BJ`-:L^7_D8K?_`*]W_P#0EJ#[/K__`#_V7_@,W_Q51-I^
MN->)<&_L]Z(4'^C-C!(/][VH`W**R?L^O_\`/_9?^`S?_%4?9]?_`.?^R_\`
M`9O_`(J@"/Q7<ZO:Z$9/#L:R7IEC4!UW`*6`8X^F:Y/5=7\>Z?-*$BM98D7`
M=(,@MG/KTQ_*NP^SZ_\`\_\`9?\`@,W_`,52?9M>(P;ZQQZ?9F_^*H`X`>)_
MB%,UU)!91&W'D-`QM_O(WWSUYXJ:?Q!\0H[JY2.QB:-9XTB;R.&4_>[_`*UW
M(M==4`+?6(`X`%LW'_CU'V?7O^?^R_\``9O_`(J@#,\*7WB6:::/Q-'"A!8Q
MF*/:,=A]:UM=O;NPM8I[2%IE$@$JHNYMOL*8;?7N]_9?^`S?_%4"#7NU_9?^
M`S?_`!5`&3>:AXD&EA[2W7[4]EY@#1C`F+@`$9_N\XJOIFM^(UT1[S6K81.+
MI%VB+E8CP20/>M[[/KW_`#_V7_@,W_Q5!MM>(P;ZQ(/_`$[-_P#%4`<W)J7C
M.UCDN9TMY())=D*1PY=0'/+?5<8]Z>=;\4VY-S=:>PMG=0B+$#(!OYS@_P!V
MNA^SZ\.E_9?^`S?_`!5+]GU__G_LO_`9O_BJ`,75M4\2KH5I<Z7;K]IGN<&)
MXLE8STR.QIOAG5O$<\ZP>(H427S)0?+BP-B@8/\`.MO[/KW_`#_V7_@,W_Q5
M'V;7LY^W6.?7[,W_`,50!S6I>(?$SV,4FC69$WVQXY%FAY$>/D/7]:I6>M?$
M#^T]'BO+.`P3-(+QTAX4!AMQSQQFNR-OKW>_LN?^G9O_`(JCR->_Y_[+_P`!
MF_\`BJ`,#Q-JGBVVFOAH4$;I&\'D,\6[<I)\SOR1Q5W1-4UNYUAK?5+4QQ",
M$D1@;6QSSWR>F*TA;Z]VO[+_`,!F_P#BJ/LVO?\`/_9?^`S?_%4`:PZ"EK(^
MSZ]_S_V7_@,W_P`52_9]?_Y_[+_P&;_XJ@!WB3_D6M0_ZX-5K3/^07:_]<E_
ME6#X@@UP>'KXR7UD4\D[@+=@3_X]6]IG_(+M?^N2_P`J`(]7_P"0<W^^O_H0
MJ]5'5_\`D'-_OK_Z$*O4`17?_'E/_P!<V_E4>G_\@Z#_`'!4EW_QY3_]<V_E
M4>G_`/(.@_W!0!9HHHH`****`"BBB@`HHHH`*QO%_P#R)FL?]><O_H)K9K+\
M3P-<^%-5A0@,]I(`3T^Z:`)/#_\`R+6F?]><7_H`K0JAH2&/P]IR'JMK$#C_
M`'!5^@`HHHH`Q_$_AZ/Q-HYL);F2V'F)()(@"05.1UXKD$^#]FL>R77+V0>=
MYIS&@R<YQP.E>CT5G.E3F[R5S&I0I5'><4V>77_PFNI6N%L]4A$<Q!_?1DD8
M.<<=N*HWOPGUJ2.Z$6H63&=0H^1AM%>OT5@\'0?V3G>7X9_9/%;CP!XDMKSS
MX;".=1#Y8V3KUSG/-<_)X2\36FCVED=%NF*R#SV1=XVY)R,?A7T516;P%'I<
MR>5X?I=?,^5O%.FZHVL-+)I5]'&D0!+P,!U/-<BD@D5^&WM+@C:<C!Q7VJT:
ML/F`;ZC-1_9+?KY$6?\`<%0LO@E9-GV^5Y_4R[!T\'"FG&":6KOKU_,^,W)S
M/P2``O2C_EKCO''_`)_E7UQJ7A/2M6&+N`]_N';U_"N3N?@;X0N79S'>JS=2
M+DUG+`/I(]ZEQ?3;_>4K>COU;[+R^X\/\&0*-0W*#^ZAWD_[QYK7%TPTF]N"
M`#/=F)?=2P4?H:]4MO@MINFEVTC4KB`NFPB10X-9[?!R_BM((+;6(9!"V\>9
M%C<?PKFG@:SDWZ'YEQ#"IF.8SQ5%>[[J5][17^9S")L54'\("_E7H?PIL7AT
MC4+]P1]MNBR@]@H"_P`Q62/AKX@R<W.G8Z_>?_"N\\*:--H7ARWT^Y=))8RQ
M9H\[>6)XS]:TR_#5*55RJ*QY&5X.M0K2E5C;0V11117MGT04444`%(_^K;Z&
MEI&&5(]10!C^%O\`D"_]MI/_`$(ULUC>%CG2)%[QW,R'ZAR*V:`"BBB@`KB?
MA+_R(H_Z_+C_`-&&NVKC_A=:O:^!(-[*?.N)Y%QV!E;_``H`["BBB@`K/U[4
MCH^@WFH+'YIMXBX3^\:T*CGA2YMY()1E)%*,/8C%`&%IFMW\OB)=+U!+4[[`
M7:R6Y;`.X*5.?KFNAKP)?BGX*^%?B35-&L]&UV>:*012RLZR*=O]TLV<5<_X
M:D\,?]`#6O\`OB/_`.*H`]QHKP[_`(:D\,?]`#6O^^(__BJ/^&I/#'_0`UK_
M`+XC_P#BJ`/<:*\]\"_&'0O'@N_LL4NF?9"N[^T'2/?G/W>>>E=A_;VE_P#0
M5T__`,"5_P`:`-*D8XK._M[2_P#H*Z?_`.!*_P"-(==TL_\`,5T__P`"5_QH
M`R+C7=:M;^.R$%C>7!CDEDCMRV8U&=F<GN>/SIWAGQ-J&IWGV'7--_LV]^SK
M,(PVX/V.#['M7)ZC:>"_`-C?>)HKR6]:%7=X(+X22/O."%!/^U^%<#X=^-_@
M/PO=SW.F:!XC,DZ!',[K)@`YXRW%`'TE17AW_#4GAC_H`:U_WQ'_`/%4?\-2
M>&/^@!K7_?$?_P`50![C17AW_#4GAC_H`:U_WQ'_`/%4?\-2>&/^@!K7_?$?
M_P`50![C17AW_#4GAC_H`:U_WQ'_`/%4?\-2>&/^@!K7_?$?_P`50!ZQXEU/
M4],T^.71=.74+@RJK1,VT!>YSZUSEIX[U#5?$=MHMC9VUO</;3RW!NMV(WC8
M+L&.O+`Y]*\XU[]H?P;XCTIM/U'0=?$#.KDPE$;*G(Y#5N>!I/!?Q8T.73+&
MPUBS@TF3?NGFV2,9`<_,I)/2@#U#POJ\VN>'+74+F)(I9=P=$SM!5BIQGMQ6
MO5;3["'3-/@LK4$0VZ!$#')P/4]ZLT`%%%%`&9XD_P"1:O\`_KBU6=,_Y!=K
M_P!<E_E5;Q)_R+5__P!<6JSIG_(+M?\`KDO\J`(]7_Y!S?[Z_P#H0J]5'5_^
M0<W^^O\`Z$*O4`0W?_'E/_US;^5,T_\`Y!T'^X*?=_\`'E/_`-<V_E3-/_Y!
MT'^X*`+-%%%`!1110`4444`%%%%`!5;48&N=+NK>/`:6%T7/J015FB@#`LY]
M?M;&"W_LB!O)C6/=]KZX&,_=J;[=K_\`T!H/_`O_`.QK9HH`QOMVO_\`0&@_
M\"__`+&C[=K_`/T!H/\`P+_^QK9HH`QOMVO_`/0&@_\``O\`^QH^W:__`-`:
M#_P+_P#L:V:*`,;[=K__`$!H/_`O_P"QH^W:_P#]`:#_`,"__L:V:*`,;[=K
M_P#T!H/_``+_`/L:/MVO_P#0&@_\"_\`[&MFB@#&^W:__P!`:#_P+_\`L:/M
MVO\`_0&@_P#`O_[&MFB@#&^W:_\`]`:#_P`"_P#[&C[=K_\`T!H/_`O_`.QK
M9HH`QOMVO_\`0&@_\"__`+&C[=K_`/T!H/\`P+_^QK9HH`QOMVO_`/0&@_\`
M`O\`^QH^W:__`-`:#_P+_P#L:V:*`,;[=K__`$!H/_`O_P"QH^W:_P#]`:#_
M`,"__L:V:*`,;[=K_P#T!H/_``+_`/L:/MVO_P#0&@_\"_\`[&MFB@#&^W:_
M_P!`:#_P+_\`L:/MVO\`_0&@_P#`O_[&MFB@#*\.V=S9::Z7R)'-)<2S%$;<
M%#.2!G\:U:**`"BBB@`KFOAY_P`B'I_UE_\`1KUTM<S\/6'_``@FG\CK+W_Z
M:O0!TU%)N7U'YT;E]1^=`"T4FY?4?G1N7U'YT`8S^&-/>:61[*SE:61I&>:W
M#,23GK2?\(OIO_0-T[_P$6MK<OJ/SHW+ZC\Z`,7_`(1?3?\`H&Z=_P"`BT?\
M(OIO_0-T[_P$6MK<OJ/SHW+ZC\Z`/.O%_P`%O#WC.ZMI[YYK%K="BKIX6(,"
M<Y88.37._P##,7A+_H*:S_W_`%_^)KV?<OJ/SHW+ZC\Z`/$I?V;_``1#(8YM
M=U.-PN\JUV@(7UQCI[T@_9P\#GIKVI'Y=W_'VG3UZ=*ZWQ'X2U#5/&6MZC#;
M0RP77A_[#`SN,F7S"2N.PQWK-\2_#_4M5U*W-C;P16T>AK:L%D";I5F1Q'QT
M!"D9[9H`S+7X'^"_"&JV>KG4M0N);>=-D%Q(LB.S<`,N.17I!\/:."<V6EC!
MP<VR\'T^M<=:^&-6BT^ZO8-`>WOO-@9;>?4Q,TRH3D;^B@9XI)O!VHOXIGDG
MT>6ZM[R[CN3<C4MB1=,AH_XBO;'6@#L?[!T4OL%II1;=MP+=<Y]/K[4]/#>E
M2`F.PTQL'!VVJG!]*YO4_"U_)X<U"%+`7%Q+JDMU&(;D0RA&/#H_0,!V/TK5
M^'6C:GH'AE[36I':5KF22,2R*\BH<8#LO#-[T`:/_"+Z;_T#=._\!%H_X1?3
M?^@;IW_@(M;6Y?4?G1N7U'YT`8O_``B^F_\`0-T[_P`!%H_X1?3?^@;IW_@(
MM;6Y?4?G1N7U'YT`8O\`PB^F_P#0-T[_`,!%J?3M"M-,O)+FUAA@:10K+!&$
M4X[D#O6GN7U'YT;E]1^=`"T4FY?4?G1N7U'YT`+12;E]1^=&Y?4?G0!F^)/^
M19O_`/KBU6=,_P"05:_]<E_E57Q(P_X1J_Y'^I;O5K3/^05:_P#7)?Y4`,U?
M_D'-_OK_`.A"KM4M7_Y!S?[Z_P#H0J[0!#=_\>4__7-OY4S3_P#D'0?[@I]W
M_P`>4_\`US;^5,T__D'0?[@H`LT444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%<PO@#1HP5@:]A0L6$<=TRJN3DX';DFNGHH`YG_A`]*_Y^-0_\#'H
M_P"$#TK_`)^-0_\``QZZ:B@#F?\`A`]*_P"?C4/_``,>C_A`]*_Y^-0_\#'K
MIJ*`.9_X0/2O^?C4/_`QZ/\`A`]*_P"?C4/_``,>NFHH`YG_`(0/2O\`GXU#
M_P`#'H_X0/2O^?C4/_`QZZ:B@#F?^$#TK_GXU#_P,>C_`(0/2O\`GXU#_P`#
M'KIJ*`.9_P"$#TK_`)^-0_\``QZ7_A`]*_Y^-0_\#'KI:*`.:_X0/2O^?C4/
M_`QZ/^$#TK_GXU#_`,#'KI:*`.:_X0/2O^?C4/\`P,>D_P"$#TK_`)^-0_\`
M`QZZ:B@#F?\`A`]*_P"?C4/_``,>C_A`]*_Y^-0_\#'KIJ*`.9_X0/2O^?C4
M/_`QZ/\`A`]*_P"?C4/_``,>NFHH`YG_`(0/2O\`GXU#_P`#'H_X0/2O^?C4
M/_`QZZ:B@#F?^$#TK_GXU#_P,>C_`(0/2O\`GXU#_P`#'KIJ*`.9_P"$#TK_
M`)^-0_\``QZ/^$#TK_GXU#_P,>NFHH`YAO`&CNI626_=3U5KMR#[&NECC6*-
M8XQM50``.PIU%`%+5_\`D'-_OK_Z$*NU2U?_`)!S?[Z_^A"KM`$<Z&2VD1>K
M(0/Q%4K:2_@MHXC8J2@QGSQS^E:-%`%/[3??\^`_[_C_``H^TWW_`#X#_O\`
MC_"KE%`%/[3??\^`_P"_X_PH^TWW_/@/^_X_PJY10!3^TWW_`#X#_O\`C_"C
M[3??\^`_[_C_``JY10!3^TWW_/@/^_X_PH^TWW_/@/\`O^/\*N44`4_M-]_S
MX#_O^/\`"C[3??\`/@/^_P"/\*N44`4_M-]_SX#_`+_C_"C[3??\^`_[_C_"
MKE%`%/[3??\`/@/^_P"/\*/M-]_SX#_O^/\`"KE%`%/[3??\^`_[_C_"C[3?
M?\^`_P"_X_PJY10!3^TWW_/@/^_X_P`*/M-]_P`^`_[_`(_PJY10!3^TWW_/
M@/\`O^/\*/M-]_SX#_O^/\*N44`4_M-]_P`^`_[_`(_PH^TWW_/@/^_X_P`*
MN44`4_M-]_SX#_O^/\*/M-]_SX#_`+_C_"KE%`%/[3??\^`_[_C_``H^TWW_
M`#X#_O\`C_"KE%`%/[3??\^`_P"_X_PH^TWW_/@/^_X_PJY10!3^TWW_`#X#
M_O\`C_"C[3??\^`_[_C_``JY10!3^TWW_/@/^_X_PH^TWW_/@/\`O^/\*N44
M`4_M-]_SX#_O^/\`"C[3??\`/@/^_P"/\*N44`4_M-]_SX#_`+_C_"C[3??\
M^`_[_C_"KE%`%/[3??\`/@/^_P"/\*/M-]_SX#_O^/\`"KE%`%/[3??\^`_[
M_C_"C[3??\^`_P"_X_PJY10!3^TWW_/@/^_X_P`*/M-]_P`^`_[_`(_PJY10
M!3^TWW_/@/\`O^/\*/M-]_SX#_O^/\*N44`4_M-]_P`^`_[_`(_PH^TWW_/@
M/^_X_P`*N44`4_M-]_SX#_O^/\*/M-]_SX#_`+_C_"KE%`%/[3??\^`_[_C_
M``H^TWW_`#X#_O\`C_"KE%`%/[3??\^`_P"_X_PH^TWW_/@/^_X_PJY10!3^
MTWW_`#X#_O\`C_"C[3??\^`_[_C_``JY10!3^TWW_/@/^_X_PH^TWW_/@/\`
MO^/\*N44`4_M-]_SX#_O^/\`"C[3??\`/@/^_P"/\*N44`4_M-]_SX#_`+_C
M_"C[3??\^`_[_C_"KE%`%/[3??\`/@/^_P"/\*/M-]_SX#_O^/\`"KE%`%/[
M3??\^`_[_C_"C[3??\^`_P"_X_PJY10!3^TWW_/@/^_X_P`*/M-]_P`^`_[_
M`(_PJY10!3^TWW_/@/\`O^/\*/M-]_SX#_O^/\*N44`9MU]MNX/)-FL8+`EO
,-!Q@YZ8K2HHH`__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>30
<FILENAME>pwc_logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 pwc_logo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`)D`
MN@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/W\HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`$D8JA(QD5`]TRH2`NX
M$#\S5ANASQ5*?"EQGH5_G4R;UMV?Z$3E:R\_T9X1^UQ^V!JO[/'B?1["PM]"
MG74;5YW^V^9N!5PO&UQQS7DO_#T3Q)_SX>#OSF_^.5Q?_!8^>.#XE^#=SQ*S
MZ9*<,0O_`"T'<U\;_;HO[\'_`']6OY?XYXQSK"9YB,/AL3*,(RLDMEHC^D^!
M>",HQN1T,5BJ/-.2U>NNI]^?\/1/$G_/AX._.;_XY7H/[-'[=NH_&3XA3:3J
MT7ANSM(K-KCS+9Y%?(91CYG(Q@GM7YA?;HO[\'_?Q:]3_9#U*%/BA<J[VR)+
M8.FXR+W9<BO)R;CW/UC*<J^*<J?5-K_(]?.O#C)?J53ZO1Y9):/70_7G3=;A
MU:$2VTT-S"21OC;(!]/K5H.P!)*D>F,5Y/\`LP:_8Q_"Y`UW:AENI0=K+@X(
M]/:O1%\3V3D@7ML/X0/,`)/:OZAR_-\/BJ%.KSQ4I*Z7,OR/YFQV`JX>O.CR
MMJ+M?N:Z,74$C&:6F6V?(4G&3^-/KUDW;7<X;A1113`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`1_NFJLBAH68C).,_G5I_NFJS_`/'NWMC^=1-Z?)_H9S7]
M?>?F3_P79)_X6[X#&20='G/M_K5KX2P/05]N?\%]?$,>B?%[X?B2-I#)HTY`
M!P1^^%?`?_"?0=K>1/JV:_D'Q"P]2?$.*<5]K]$?W#X5S2X6PEU]G]3H,#T%
M=Q\!6)\:3<D;;1R,<?Q+7G&A:^FN>;L4KY6,_CG_``KT;X"?\CI<?]>;?^A+
M7Y]C(2A"5]&C[G%*,J$W8^Q/@Q&#X(4$;L7$N-W)^][UW/A@LGB+30KR*IO(
M?E#D+RP!XZ5P?P=8CP8H!('VB7_T*NZ\,$GQ#IF>?]-A_P#0Q7P,<56^M1J<
M[NI+6[O\45N?@>>4X<M=66B9]ZZ?&L5G&J@!5&`*FJ.S_P"/9/\`/>I*_P!/
MXPC!*$%9+1);)'\SS?O,****9(4444`%%%%`!1110`4444`%%%%`!1110`C_
M`'355C\JCL3S^=6G^Z:JGHOU_K516J(E\2_KJC\>?^#DSQU+X3^.'PVC2$3B
M71[SJ3QB=/3ZU^;'_"Y[C_GQC_[Z:OT)_P"#GB18_CW\,2_0Z->_^E$=?F']
MJA]#7\_<6X&C4S2I.4+M]3^ZO"JA3EPK@W+^7]6>H>#/CI<6?VG&GQ-NV_QL
M,=:]#^%'[35UH/B628:5"_F6[)S*W]Y*\!\-72?O]@_NY_6NN\!R"372<8Q&
M:^$QV3X27,Y4G_2/TQ8&E4I*/(WY]S[=^&O[>.H:7X;,*^'K20+/(<F9P?O=
M.*ZC0_\`@H=J=IKEG(/"]DYAGB8#[4XR=]?*?@C_`)`*?[QK=TK/]J6^>GFQ
M?^AU\M1X<RZ->$W2>LH?^E'SF)X5RZLZL9TG>S/U@^$W_!4+6?'7Q)\-^'I/
M"=E;PZUJEMI[S?:69HA+,L9;'<C=FOM*OR,_9K_Y.*\`_P#8R:?_`.E4=?KG
M7]VXJE"#2AL?Q]XG9#@LKQ5&G@H**E%MV=[N_7L_(****Y3\P"BBB@`HHHH`
M**,@Y`()%`.>1R#0`449&<9&110`4444`,N03;2`'!*GGTXK\#_^"M'AWXZW
MG_!0GXE2^%+7XNS:";JT-E)H\.I-9NHL[4-L,`*<8(^H-?OC,GFPNAR`P(JH
MFGK%P#-@"O)SG*HX^BJ,IN.O0^OX+XMEP]CGCH4856TXVDD]_5,_F-'AS]I7
MH+'X^9/;R-7_`/B:&\/?M+*K`6'QZ<X/#0:O@\=_EX^HY';FOZ<?($B@JA7:
M<;@,/4AL0&(Y`'<=:^:EP'2;?[Y[WV]#]-?CQ42C&.64(\NFD5KY_"?EA_P0
M2^!>N_$+PY\1G^,?A/6=8N;>\M%TY_&VF274XC\LY$3WB&3:"3TXK]"_^&0O
MAA_T3OP)_P"""U_^-UZ-#&D+Y4`Y&-W\6?2I=WL]?68+`0P]&-&_-;J?D?$'
M$E;,\?4QL8JES6]V*M%626FBWWV/-5_9%^&29V_#WP,N?30;4?\`M.GQ?LH?
M#B`YC\">#HCZ)HUNH_117I`.>SBC_OJMY8:DW=P3/&6.Q"VJ,X!?V:/`B#"^
M#O"J@=O[(A_PIP_9N\"Y4GPAX7#)T/\`94(_I7>_]]4?]]4OJE+^1#^OXG_G
MXSE--^#7A?2M0M[FW\.Z'#<6TBR12Q6$:-&RD$,"!D$$#GVKK:;M)(.2!3JZ
M$K))=#*=6<]9RN%%%%,@****`"FO,D9(9E4@%N3C@=3]*=7Y9_\`!S!^QS\2
M_B3^SEXO^+_ASX^^,?`O@[X=>$-U]X%TX3I8^()TN)',\LD=P@W,DL:8>-QB
M(=,F@#[<^./_``4@^`7[-OBV/0_'7QB^'GA?6IG"_8+_`%N%;A">!NCW93D'
M[P'0UV/QE_:;^'/[/&A6]_X]\=^$?!UC=$+!)KFJP68G)&0$\QE+''.!DU_"
MK::B7U!9FD:2X>179RFYF;()))8<[L<@C/XU^YW_``4)_P"#4+XZ^-_!FK?$
MN#X_R_''QS!9O>7=CXBLIK6XN]HW>7;7#W$JY"@X5Q&G&`!P*`/W.^!/[8/P
MI_:=6Z3X=_$;P/XT:Q`^U0Z-K%O>2VRD9&]8W)4$<C(Z5Z7Y\>7&],QG#<CY
M3C.#Z<'/TK^$OX#?M`^./V//C5I?C/P-KNJ>%/&/A2\+VT\:>6Z,-P>.5#U5
MAE7C8%6&0>*_IO\`&/[-'C__`(+O?LL_"GXR^!?VF/B7\"].\2^$X+?4?#?A
MPRMI<E['),+F1A'/`Y=7)BSSD1*1D$&@#]%/B+^T?\//@_>1V_BWQ[X+\+7$
MN=D6KZW;6+OC&<"5U)QD?F*ZZTOX+^W26">&:*0D*\;AE;&<X(Z]#^5?PF?'
M;1KSP!^T%XIT#4]:U#7;[PQK=WI$VHW$CF6[^SSR1>9RQ9<[0<;CVZXY_M2T
MGXM:!^SC^R)>>-?&&HP:7H'A+3[S4M2N7&U1%&\S%1W+D<*H^9B5`!)`(!VO
MQ*_:)^'WP9U&WL_&/CKP;X3N[N+SX(-9UJVL))H]VW>JRNI9=WRY'&>.M;'A
M#X@:!\2/",&N^'M<TC7="O0_D:CIM['<VLVUBC;)8R5.&5E.#P01U%?Q7?\`
M!4'_`(*%>+/^"EG[6OB#XD^(I[B*TGE:T\/Z87&S1-.20M%`H&,."S,[=6DE
M<]"*_IL_X-D)2?\`@B?\'I9I/->1=3W9/S?\A.ZP#[T`?1%A_P`%+_V?[[X\
M_P#"LX?C%\/'\=?:!:?V/_;D!N6N.GD`;_\`69P-G4D@`9(%>Z22*H(9E&W!
M.3C'^<5_#%\1/"VN>.OVQ]>T7P]#=WFOZKXPO+?3H[<DS2W+WCK&?E.4;=CD
M'('S>AK]=O\`@X'_`."RGQ0_9R\)>#?V6?!7C/4++Q%X;\)Z?!\1_$UG,1?Z
MAJ#VR9M%N/O1$!6>1T.YS(%R,/@`_;CXY?\`!2?X!?LUZK/I_CKXQ_#OPUJ5
MK_KK.\UNW6YA/HT0;>I^H_F*D_9N_P""C?P(_:WUJ73?AO\`%KP)XQU6)"[V
M&GZK$]V%!Y;RBV\@>H'%?S^_\&T/_!$GP5_P443Q3\8OC-;7GB;P=H>H_P!F
M:;I#74L(U?4`BS327#QD2%41D^53\YEZG8PKXN_X*Q^$K']D;_@K#\6=!^%\
M3^!=+\&^(A#H<6DW$EL-*'E1NA202$QD,QYW>N0.:`/[0`0<@$$BBOC3_@@)
M\>?B'^TQ_P`$J_AGXS^*%WJ.I>+-52[62_OXBEQJ$$5U+%!.Q(&\M$B'>>6Z
MFOLN@`HHHH`****`"BBB@`HHHH`*^0/^"^H)_P""./[0I`Z>%)?_`$8E?7]?
M(/\`P7S_`.4.'[0O_8IR_P#HR.@#^,G3P1?Q@_WU_P#0A7]\NG,9-.AR"08T
M&!SD9QC'N*_@>T^#=?0L750T@&#G(&Y><#D_AD\'BOZ@/VU_^#M[]GKX*?"6
M8?!^\U/XL>,I(1%9Q1V%QINFVLA!!:XFN$1R%SD"-&#$=1UH`_G_`/\`@K5X
M>T[PQ_P4Z_:`L-'2./3[7Q_K*0K%@QQC[9,=HQQP#V]*_I6_X-8+._L/^"+G
MPW%ZDZ+)?:I/;&3HT/V^8#'MP<?GTK^;_P#8G_8M^)__``6`_;832-,M+^YN
M?%VMR:EXH\0)9O+9:(D\GF3W4K`A<\L53=ES@#-?V(?LJ?LS:!^R#^SEX-^&
M'A;SQX>\%:9%IEJ\S`RW"HF#(^!C<S%F..YH`_BE_;$*C]M_XK%L;1XXU;.>
M1C[?-7Z__P#!P!^W]K'[5%O\-/V.?@Q-)XBU#Q-=V]UX@-G<"X6[N)+F5[.R
M$B_(P`(F<ABH`C!(*L%_'S]M*/\`XS2^+>Y&<'QKJX*C(8YOIN.G4U^^'_!K
M]_P1#U#X""3]HSXN:?=0>/;LW.F^&='OXP&TF,-Y+W;YSB:3:\:8R%C+'.7P
MH!^-'_!8;]BG2_\`@GA^V7/\)]/NFU";PYX<T?\`M.Z&0+V]ELTFN)!GH#(V
M1["OW1_X);_\%#?!G_!,W_@VO^&WQ'\93I<-8Q:K;Z5I<3*)]=O&U&Z,4*`_
M,1N*AF'"#);&#C\H_P#@ZKC>7_@M/\0GC3S2-+TEBH&[&+&('./>NZ_X(S?\
M$V_B)_P6ZM?!/AKX@ZSJ6A_LZ_`2&:QMX[6,QF]N;BZ>ZFMHF;@32O*WF3#)
M50@"DT`?:W_!L;_P1ZNO[8?]K;XM:/$_B7Q3-<:GX+TMX]JV2S.3)?LIX5I=
M^(0V&"#=T(-?C)_P5YU*^UK_`(*A_M`RZE+(;IO'FJH[29^9$N76-O<A-HP.
MQK^T[PWX.LO!GAJPTG2K>*QT_2[1+&TMX4")!$BA(U`'\*(``.P'>OYT/^#J
M;_@C?XB^%_QGU[]ISP+9SZOX+\63QW/BNTBB+-X?O5"0FYP!_J)2J9/4.[9&
M.0`?>G_!H9XATO6?^"0T%I9O&+JP\6ZK#J0$FTQNYC=2<<@^4T>#T/8Y!`^O
MOC[_`,$F/V=/VH_BE'XS\??!_P`$>)?%`?S'U*6R,,ES@`J9MC`3_=49?)Q^
M-?S#_P#!&;_@N'XU_P""/OB7Q%::;X<M/&O@WQ4\4^J:-<W+VLJ3H2%N(9%#
M!7\L[2&5E(([@&OTO^*__!['X4B\(6X\"?!#Q%>>)YE`F77=7AMK.!SV#0*T
MDH'IB//3O0!^X_@SPSIW@[0K73-(L+33-*L8(X+.TMH%ABMH57"QJ%XVCG@=
M,UK5\C?\$4_VU_B+_P`%!/V+D^)OQ-\+V7A'7=6UN[AM;"ULI[6-;*/8(F`F
M9G;)+_-D@BOKF@`HHHH`****`"BBB@`HHHH`*^/_`/@OI(?^'.O[0JA6/_%)
M3$G'`_>1_P">*^P*_,__`(.#O`W[9G[0O@V7X3_L[_"SP]XQ^&_C7PZUOXGU
M>YU;3K._M[@W#?N(?M5W"5`C2-MP1AER,\$4`?RBZ5;K)?PQ$AS,P`V\X))&
M?ER>!SV.2*_L1T/_`(-]/V-+74X-5'P$\)M.8E)6>2[>!2``#Y;RE?PK^>>R
M_P"#7S]NF.[MRWP/5423S"7\8^'WP<C@XO@6'RC\Z_H]_P""4_Q!_:I\>?#/
M7%_:D^%_A?X=>(-)N;>'1ET?4;2[75(?*Q)*_P!GN9U0AAT)!Y[XH`]]^#?[
M/?A']GGP?%H/@3PUX=\):/$/EL]+TY+:'/KA>2<8SDG..,5VNP^U+&I6-026
M(&,GJ:6@#XY@_P""!7[)D'Q?7QTWP<T2Y\3+JHUO[9/J%Y+NN_.\[>T;2E&&
M_G!!!Z$8KZYBT^58E#-$'(VR;!A7&3^6`?S-7:*`/E?]I3_@BM^S-^V%\7+W
MQY\2OA9IGBKQ;J$444]_<:E>QLZQKM0;8YE7`&.HKVC]G7]F3P7^R;\+-*\#
M_#OP]IOA;PIHQ/V6PLU(52W+R,S9,DC'@LQS@]>!7H%%``PR".*RO%O@[3?'
M/AJ^T?6=-T_6-)U2%K:]L;V!)[6\B88:.2-PRNK#@@@@@FM6B@#X+^)W_!L_
M^QC\4=:GU&X^#UEI%U.^]ET?5;W3;8GT%O#*L*@9/W4!]^H/<?LT_P#!"3]E
M;]DKQ/#K?@SX0>&UUB$@I>ZL9M6EBQWC%P[JC9_B`S7UY10!#8V@LXE0;0$4
M(,`#`&<#@``8[`"IJ**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
H@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#__V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
