<SEC-DOCUMENT>0001279569-25-000126.txt : 20250212
<SEC-HEADER>0001279569-25-000126.hdr.sgml : 20250212
<ACCEPTANCE-DATETIME>20250211173127
ACCESSION NUMBER:		0001279569-25-000126
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250211
FILED AS OF DATE:		20250212
DATE AS OF CHANGE:		20250211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILVERCORP METALS INC
		CENTRAL INDEX KEY:			0001340677
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34184
		FILM NUMBER:		25611019

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1750
		STREET 2:		1066 W. HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3X1
		BUSINESS PHONE:		6046699397

	MAIL ADDRESS:	
		STREET 1:		SUITE 1750
		STREET 2:		1066 W. HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3X1
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>silvercorp6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><FONT STYLE="font-size: 13.5pt"><B>UNITED
STATES</B></FONT><FONT STYLE="font-size: 10pt"><BR>
</FONT><FONT STYLE="font-size: 13.5pt"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT><FONT STYLE="font-size: 10pt"><BR>
<B>Washington, D.C. 20549</B></FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>REPORT OF FOREIGN PRIVATE
ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>PURSUANT TO RULE 13a-16 OR
15d-16 OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">For the month of February, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">Commission File No. 001-34184</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><FONT STYLE="font-size: 24pt"><B><U>SILVERCORP
METALS INC.<BR>
</U></B></FONT><FONT STYLE="font-size: 10pt">(Translation of registrant&rsquo;s name into English)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Suite 1750 - 1066 West Hastings
Street<BR>
<U>Vancouver, BC Canada V6E 3X1<BR>
</U></B>(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">[Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">Form 20-F [&nbsp;&nbsp; ] Form
40-F [ X ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

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    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt"><FONT STYLE="font-size: 10pt">Dated:
    February 11, 2025</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt"><FONT STYLE="font-size: 10pt"><B>SILVERCORP METALS INC.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.75pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt 0.75pt 0.75pt 24.45pt"><FONT STYLE="font-size: 10pt"><U>/s/
    Jonathan Hoyles</U></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt 0.75pt 0.75pt 24.45pt"><FONT STYLE="font-size: 10pt">Jonathan
    Hoyles</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt 0.75pt 0.75pt 24.45pt"><FONT STYLE="font-size: 10pt">General
    Counsel and Corporate Secretary</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">EXHIBIT INDEX</P>

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    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt"><FONT STYLE="font-size: 10pt"><U>EXHIBIT</U></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>DESCRIPTION OF EXHIBIT</U></FONT></TD></TR>
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    <TD STYLE="white-space: nowrap; vertical-align: top; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt"><FONT STYLE="font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 12pt Times New Roman, Times, Serif; padding: 0.75pt"><FONT STYLE="font-size: 10pt"><A HREF="ex991.htm">News
    Release - February 11, 2025 -SILVERCORP REPORTS ADJUSTED NET INCOME OF $22.0 MILLION, $0.10 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $44.8 MILLION FOR Q3 FISCAL
2025</A></FONT></TD></TR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>NEWS RELEASE DATED FEBRUARY 11, 2025
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right">&nbsp;&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"></P>


<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

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  <TD STYLE="width: 50%">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
  <TD STYLE="text-align: right; width: 50%; vertical-align: bottom">&nbsp;</TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SILVERCORP REPORTS ADJUSTED NET INCOME OF $22.0
MILLION, $0.10 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $44.8 MILLION FOR Q3 FISCAL 2025</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Trading Symbol:&nbsp; TSX/NYSE AMERICAN: SVM</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">VANCOUVER, BC, Feb. 11, 2025 /CNW/ - Silvercorp Metals
Inc. (&quot;Silvercorp&quot; or the &quot;Company&quot;) (TSX: SVM) (NYSE American: SVM) reported its financial and operating results
for the three months ended December 31, 2024 (&quot;Q3 Fiscal 2025&quot;). All amounts are expressed in US dollars, and figures may not
add due to rounding.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><U>HIGHLIGHTS FOR Q3 FISCAL 2025 </U></B>&nbsp;</P>

<UL STYLE="list-style-type: disc">

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Mined 383,543 tonnes of ore, milled 361,810 tonnes of ore, and
produced approximately 2,056 ounces of gold, 1.9 million ounces of silver, or approximately 2.1 million ounces of silver equivalent<SUP>1</SUP>,
plus 17.1 million pounds of lead and 6.7 million pounds of zinc;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Sold approximately 1,875 ounces of gold, 2.0 million ounces of
silver, 17.1 million pounds of lead, and 6.6 million pounds of zinc, for revenue of $83.6 million;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Net income attributable to equity shareholders of $26.1 million,
or $0.12 per share;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Excluding $11.6 million gain on fair value of derivative liabilities,
less $8.9 million one-time non-routine mineral right transfer royalty payment for renewing SGX mining license, and other minor items,
the adjusted net income attributable to equity shareholders<SUP>1</SUP> of $22.0 million, or $0.10 per share;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Generated cash flow from operating activities of $44.8 million;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Cash cost per ounce of silver, net of by-product credits<SUP>1</SUP>,
of negative $1.88;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">All-in sustaining cost per ounce of silver, net of by-product
credits<SUP>1</SUP>, of $12.75;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Spent and capitalized $17.8 million on underground exploration
and development, and $7.5 million on equipment and facilities for the No. 3 tailings storage facility and the new 1,500 tonne per day
mill at the Ying Mining District;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Spent and capitalized $2.1 million at the El Domo and Condor Projects;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Repaid $13.25 million to Wheaton Precious Metals International
Ltd. (Wheaton&quot;) to eliminate obligations to deliver 92.3 ounces of gold per month to Wheaton for the El Domo Project;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Spent $3.7 million on dividends to the shareholders of the Company
and on share buyback;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Existing cash of $211.1 million plus $143.3 million net proceeds
raised through an issuance of unsecured convertible senior notes nets the Company with $354.6 million in cash and cash equivalents and
short-term investments; the Company also has a stream arrangement to access up to $175.0 million to fund the El Domo project construction,
and holds a portfolio of equity investment in associates and other companies with a total market value of $68.9 million as at December
31, 2024; and,</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Awarded the first construction contract of the El Domo Project
using &quot;Unit Cost&quot; criteria.</LI>

</UL>

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    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; font: 15pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">________________________________</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; font: 15pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><I><SUP>1</SUP>&nbsp; Non-IFRS measures, please refer to section 13 of the corresponding MD&amp;A for the three and nine months ended December 31, 2024 for reconciliation.</I></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><U>CONSOLIDATED FINANCIAL RESULTS</U></B>&nbsp;</P>

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    <TD STYLE="border-right: Black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 0.5pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Three months ended December 31,</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Nine months ended December 31,</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2024</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2023</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Changes</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2024</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2023</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Changes</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Financial Results</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Revenue (in thousands of $) </B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83,614</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58,508</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>43&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>223,782</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">172,506</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>30&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Mine operating earnings (in thousands of $) </B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>29,230</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">23,307</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>25&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>97,405</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">67,551</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>44&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net income (loss) attributable to equity holders (in thousands of $) </B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>26,130</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">10,510</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>149&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>65,775</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">30,777</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>114&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 9.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;Earnings (loss) per share - basic ($/share)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.12</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.06</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>102&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.33</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.17</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>94&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Adjusted earnings attributable to equity holders (in thousands of $) </B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>21,963</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11,452</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>92&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>60,342</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">35,498</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>70&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 9.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Adjusted earnings per share - basic ($/share)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.10</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.06</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>56&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.30</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.20</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>51&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Net cash generated from operating activities (in thousands of $) </B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>44,847</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">23,607</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>90&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>107,930</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">81,332</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>33&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Capitalized expenditures (in thousands of $) </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>25,255</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19,635</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>29&nbsp;%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>72,968</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50,609</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>44&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Production Data</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore Mined (tonnes)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>383,543</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">345,273</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>11&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,088,830</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">921,958</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>18&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore Milled (tonnes)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;&nbsp;&nbsp; Gold Ore</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>21,912</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,726</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>72&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>47,463</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">36,419</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>30&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;&nbsp;&nbsp; Silver Ore</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>339,898</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">299,774</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>13&nbsp;%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>919,248</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">832,283</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>10&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>361,810</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">312,500</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>16&nbsp;%</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>966,711</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">868,702</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>11&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Metal Production</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp; Gold (ounces)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,056</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,342</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>53&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,385</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,352</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(18)&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp; Silver (in thousands of ounces)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,946</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,684</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>16&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>5,318</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,054</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>5&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp; Silver equivalent (in thousands of ounces)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,119</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,795</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>18&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>5,672</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,520</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>3&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp; Lead (in thousands of pounds)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>17,087</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">16,763</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>45,908</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50,644</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(9)&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;&nbsp;&nbsp;&nbsp; Zinc (in thousands of pounds)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>6,668</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7,404</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(10)&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>18,913</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">18,826</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&mdash;&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cost Data</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Production cost ($/tonne)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>77.95</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">74.26</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>5&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>80.15</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">77.57</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>3&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>All-in sustaining production cost ($/tonne)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>150.30</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">136.86</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>10&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>145.71</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">139.79</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash cost per ounce of silver, net of by-product credits ($)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 6pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(1.88)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 6pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(0.96)</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(96)&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 6pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(1.46)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 6pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(0.74)</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(97)&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>All-in sustaining cost per ounce of silver, net of by-product credits ($)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>12.75</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11.33</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>13&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>11.46</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">10.72</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>7&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Average Selling Price,&nbsp;Net of Value Added Tax and Smelter Charges</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Gold ($/ounce)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,322</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,718</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>35&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,198</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,754</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>25&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver ($/ounce)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>27.20</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">20.14</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>35&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>26.70</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19.74</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>35&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Lead ($/pound)</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.94</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.87</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>8&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.98</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.86</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>14&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Zinc ($/pound)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1.22</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.82</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>49&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1.12</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.81</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>38&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Financial Position as at</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>December 31, </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>September 30, </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Changes</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>December 31, </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>March 31, </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Changes</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash and cash equivalents and short-term investments (in thousands of $) </B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354,647</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209,505</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>69&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354,647</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">184,891</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>92&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Working capital (in thousands of $) </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>300,211</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162,312</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>85&nbsp;%</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 9.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>300,211</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 9.95pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">154,744</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>94&nbsp;%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Net income attributable to equity shareholders
of the Company</B>&nbsp;in Q3 Fiscal 2025 was $26.1 million or $0.12 per share, compared to net income of $10.5 million or $0.06 per share
in the three months ended December 31, 2023 (&quot;Q3 Fiscal 2024&quot;).</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Compared to Q3 Fiscal 2024, the Company's consolidated
financial results were mainly impacted&nbsp; by i) increases of 35%, 35%, 8% and 49%, respectively, in the realized selling prices for
gold, silver, lead and zinc; ii) increases of 40%, 15% and 5%, respectively, in gold, silver and lead sold; iii) a $11.6 million gain
on the fair value of derivative liabilities; iv) a decrease of $5.3 million in share of loss in associates,&nbsp; offset by v) a decrease
of 10% in zinc sold; vi) an increase of 11.9 million in government fees and other taxes, vii) a decrease of $4.7 million in gain on investments,
and viii) an increase of $2.2 million in mine and corporate administrative expenses.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Excluding $11.6 million gain on fair value of derivative
liabilities, less $8.9 million one-time&nbsp; non-routine mineral right transfer royalty payment for renewing SGX mining license, and
other minor items, the adjusted net income attributable to equity shareholders was $22.0 million or $0.10 per share compared to $11.5
million or $0.06 per share in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Revenue </B>in Q3 Fiscal 2025 was $83.6 million,
up 43% compared to $58.5 million in Q3 Fiscal 2024. The increase is mainly due to an increase of $16.8 million arising from the increase
in the realized selling prices and an increase of $8.7 million arising from the increase of gold, silver and lead sold, offset by a decrease
of $0.9 million as a result of less zinc sold.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Income from mine operations </B>in Q3 Fiscal 2025
was $29.2 million, up 25% compared to $23.3 million in Q3 Fiscal 2024. The increase was mainly due to the increase in revenue arising
from the increases in the net realized metal selling prices and more metals sold. Income from mine operations at the Ying Mining District
was $25.4 million, compared to $21.5 million in Q3 Fiscal 2024. Income from mine operations at the GC Mine was $4.4 million, compared
to $1.9 million in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Cash flow provided by operating activities</B>&nbsp;in
Q3 Fiscal 2025 was $44.8 million, up $21.2 million, compared to $23.6 million in Q3 Fiscal 2024. The increase was due to:</P>

<UL STYLE="list-style-type: disc">

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">$34.8 million cash flow from operations before changes in non-cash
operating working capital, up $11.0 million compared to $23.7 million in Q3 Fiscal 2024; and</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">$10.0 million cash from changes in non-cash working capital, compared
to $0.1 million provided in Q3 Fiscal 2024.</LI>

</UL>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Company ended the quarter with cash, cash equivalents
and short term investments of $354.6 million, up 92% or $169.8 million compared to $184.9 million as at March 31, 2024, and up 69% or
$145.1 million compared to $209.5 million as at September&nbsp;30, 2024. The Company holds a further equity investment portfolio in associates
and other companies with a total market value of $68.9 million as at December&nbsp;31, 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><U>CONSOLIDATED OPERATIONAL RESULTS</U></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, on a consolidated basis, the Company
mined 383,543 tonnes of ore, up 11% compared to 345,273 tonnes in Q3 Fiscal 2024. Ore milled was 361,810 tonnes, up 16% compared to 312,500
tonnes in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, the Company produced approximately
2,056 ounces of gold, 1.9 million ounces of silver, or approximately 2.1 million ounces of silver equivalent, plus 17.1 million pounds
of lead and 6.7 million pounds of zinc, representing increases of 53%, 16%, 18%and 2% in gold, silver, silver equivalent, and lead, and
a decrease of 10% in zinc over Q3 Fiscal 2024. The increase is mainly due to the increase in ore production offset by lower lead and zinc
head grades achieved.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, the consolidated mining costs were
$63.82 per tonne, up 7% compared to $59.43 per tonne in Q3 Fiscal 2024. The increase was mainly due to more mining preparation tunnels
and grade control drilling completed and expensed as part of the mining costs in the current quarter. The consolidated milling costs were
$11.61 per tonne, down 7% compared to $12.44 per tonne in Q3 Fiscal 2024. Correspondingly, the consolidated production costs per tonne
of ore processed were $77.95 per tonne, up 5% compared to $74.26 per tonne in Q3 Fiscal 2024, while the all-in sustaining production costs
per tonne of ore processed were $150.30 per tonne, up 10% compared to $136.86 per tonne in Q3 Fiscal 2024. The increase was mainly due
to an increase of 5% in the production costs per tonne and an increase of 3% in the sustaining capital expenditures per tonne.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, the consolidated cash costs per
ounce of silver, net of by-product credits, were negative $1.88, compared to negative $0.96 in Q3 Fiscal 2024. The decrease was mainly
due to an increase of $6.3 million in by-product credits partially offset by the 5% increase in production costs per tonne. The consolidated
all-in sustaining costs per ounce of silver, net of by-product credits, were $12.75, up 13% compared to $11.33 in Q3 Fiscal 2024. The
increase was mainly due to an increase of $6.4 million in general administrative expenses, sustaining capital expenditures, and mineral
resources tax, as well as government fees and other taxes offset by the decrease in the cash costs per ounces of silver, net of by-product
credits as discussed above.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><U>EXPLORATION AND DEVELOPMENT</U></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 15pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Capitalized expenditures</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; text-align: right; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Plant and </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">equipment</FONT></FONT></B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total Capital </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">expenditures</FONT></FONT></B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Expensed</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ramp, Development Tunneling, </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">and other</FONT></FONT></B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exploration Tunneling</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exploration Drilling</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Mining </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Preparation Tunnels</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Drilling</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(Metres)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>($ Thousand)</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(Metres)</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>($ Thousand)</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(Metres)</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>($ Thousand)</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>($ Thousand)</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>($ Thousand)</B></FONT></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(Metres)</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(Metres)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Q3 Fiscal 2025</B></FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ying Mining District</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9,742</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,570</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">18,947</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,954</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15,979</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,007</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21,067</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15,755</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">39,568</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">GC Mine</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">540</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">340</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,644</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">992</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8,129</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">173</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">289</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,794</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,395</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,554</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">El Domo</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,803</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,803</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Condor</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">273</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">273</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">120</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">198</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">318</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Consolidated</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>10,282</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>9,106</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>21,591</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>7,946</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>24,108</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>709</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>7,494</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>25,255</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>19,150</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>42,122</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q3 Fiscal 2024</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="padding: 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ying Mining District</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,986</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,651</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">23,834</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,612</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">39,085</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,338</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,679</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17,280</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">10,010</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">24,693</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">GC Mine</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">81</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">108</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,747</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,688</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">10,912</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">250</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">218</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,264</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,145</FONT></TD>
    <TD STYLE="padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,327</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">82</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">91</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&mdash;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Consolidated</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,067</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,841</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">27,581</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11,300</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">49,997</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,588</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,906</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19,635</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,155</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">37,020</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Total capital expenditures in Q3 Fiscal 2025 were
$25.3 million, up 29% compared to $19.6 million in Q3 Fiscal 2024. The increase was mainly due to more tunneling completed and the construction
of the No. 3 tailings storage facility (&quot;TSF&quot;) and mill expansion at the Ying Mining District, as well as additional expenditures
incurred at the newly acquired El Domo Project and Condor Project. The construction of the Phase 1 of the TSF and mill expansion at the
Ying Mining District were completed in Q3 Fiscal 2025 on time and under budget.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">As announced in the Company's news release dated January
7, 2025, the Company has made substantial progress in advancing the construction of the El Domo Project, including awarding the first
major commercial contract to CCRC 14 Bureau Group Co. Ltd. (&quot;CCRC14&quot;). Total expenditures incurred and capitalized at the El
Domo Project were $1.8 million in the current quarter, and $4.3 million since the acquisition.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">At the Condor Project, the Company has been diligently
working to reorganize the Condor operational structure, conduct a mineral resource review to assess future development plans, and initiate
site control activities. Total capital expenditures incurred and capitalized at the Condor project were $0.3 million in the current quarter
and $0.8 million since the acquisition.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, on a consolidated basis, a total
of 66,230 metres or $2.0 million worth of diamond drilling were completed (Q3 Fiscal 2024 &ndash;&nbsp; 87,017 metres or $2.4 million),
of which approximately 42,122 metres or $1.4 million worth were expensed as part of mining costs (Q3 Fiscal 2024 &ndash; 37,020 metres
or $0.7 million) and approximately 24,108 metres or $0.6 million worth were capitalized (Q3 Fiscal 2024 &ndash; 49,997 metres or $1.6
million). In addition, approximately 19,150 metres or $5.0 million worth of preparation tunneling were completed and expensed as part
of mining costs (Q3 Fiscal 2024 &ndash; 12,155 metres or $4.5 million), and approximately 31,873 metres or $14.9 million worth of tunnels,
raises, ramps and declines were completed and capitalized (Q3 Fiscal 2024 &ndash; 31,648 metres or $14.1 million).</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Kuanping Project has received all required permits
and licenses and is now ready for construction.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><U>INDIVIDUAL MINE OPERATING PERFORMANCE&nbsp;
</U></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 15pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ying Mining District</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Q3 F2025</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q2 F2025</FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q1 F2025</FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q4 F2024</FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q3 F2024</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Nine Months ended December 31</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>December 31, </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></B></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">September 30, </FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">June 30, </FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">March 31,</FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">December 31, </FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2023</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2024</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; border-left: Black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2023</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore Production (tonnes)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore mined</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>297,246</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">272,046</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">256,079</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">147,122</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">245,606</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>825,371</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">679,990</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore milled</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 9.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Gold ore</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>21,912</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">17,075</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8,476</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">21,843</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,726</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>47,463</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">36,419</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 9.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver ore</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>255,783</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">193,423</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">212,766</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">158,424</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">201,475</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>661,972</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">599,459</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>277,695</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">210,498</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">221,242</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">180,267</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">214,201</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>709,435</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">635,878</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Head grades</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver (grams/tonne)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>214</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">240</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">235</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">197</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">235</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>228</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">241</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Lead (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2.7</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3.5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2.9</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3.5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Zinc (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.5</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.6</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.7</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.6</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.6</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.7</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Recovery rates</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>94.7</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">94.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">95.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">94.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">94.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>94.8</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">95.0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Lead (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>94.0</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">94.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">94.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">95.0</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">94.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>94.1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">95.1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Zinc (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>68.9</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">70.4</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">72.3</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">70.2</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">71.4</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>70.6</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">70.7</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash Costs</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash production cost per tonne of ore processed ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>84.92</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">92.86</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.46</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">91.09</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">84.01</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>89.21</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">84.33</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>All-in sustaining cost per tonne of ore processed ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>150.87</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">146.90</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">140.25</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">148.24</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">143.80</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>146.58</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">140.20</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash cost per ounce of Silver, net of by-product credits ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(0.30)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.62</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(0.68)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.71</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(0.09)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(0.14)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(0.38)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>All-in sustaining cost per ounce of silver, net of by-product credits ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>11.05</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9.05</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7.14</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12.28</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8.99</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>9.16</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8.04</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Metal Production</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Gold ( ounces)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,056</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,183</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,146</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,916</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,342</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,385</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,352</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver (in thousands of ounces)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,778</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,518</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,572</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,063</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,511</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,868</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,614</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Lead (in thousands of pounds)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>15,234</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11,970</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">14,080</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11,317</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">14,552</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>41,284</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">44,952</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Zinc (in thousands of pounds)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2,250</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,795</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,468</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,750</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,153</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>6,513</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6,463</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, a total of 297,246 tonnes of ore
were mined at the Ying Mining District, up 21% compared to 245,606 tonnes in Q3 Fiscal 2024, and 277,695 tonnes of ore were milled, up
30% compared to 214,201 tonnes in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Average head grades of ore processed were 214 g/t
for silver, 2.7% for lead, and 0.5% for zinc compared to 235 g/t for silver, 3.5% for lead, and 0.7% for zinc in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Metals produced at the Ying Mining District were approximately
2,056 ounces of gold, 1.8 million ounces of silver, or approximately 2.0 million ounces of silver equivalent, plus 15.2 million pounds
of lead, and 2.3 million pounds of zinc, representing production increases of 53%, 18%, 20%, 5%, and 5%, in gold, silver, silver equivalent,
lead and zinc, respectively, compared to 1,342 ounces of gold, 1.5 million ounces of silver, or approximately 1.6 million silver equivalent,
plus 14.6 million pounds of lead, and 2.2 million pounds of zinc in Q3 Fiscal 2024. The increase was mainly due to the increase in ore
production, partially offset by lower head grades achieved. Inventory stockpile ores of approximately 145 thousand tonnes as at December
31, 2024 are being processed during the Chinese New Year holidays in the fourth quarter of Fiscal 2025.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 15pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>GC Mine</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Q3 F2025</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q2 F2025</FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q1 F2025</FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q4 F2024</FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Q3 F2024</FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Nine Months ended December 31</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>December 31, </B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></B></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">September 30, </FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">June 30, </FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">March 31, </FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2024</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">December 31, </FONT><FONT STYLE="font-size: 8pt"><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2023</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-left: black 1pt solid; padding: 0.5pt 3.95pt; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2024</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore Production (tonnes)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore mined</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>86,297</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">89,394</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">87,768</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">48,038</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">99,667</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>263,459</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">241,968</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Ore milled</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>84,115</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">86,707</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">86,454</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">57,226</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">98,299</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>257,276</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">232,824</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Head grades</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver (grams/tonne)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>77</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">61</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">64</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">57</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">68</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>67</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">72</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Lead (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1.1</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>0.9</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Zinc (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2.7</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2.4</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2.4</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2.5</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2.7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2.5</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2.7</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Recovery rates</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>82.8</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">82.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">84.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">83.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">80.3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>83.0</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">81.8</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Lead (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>90.3</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">87.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">89.8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>89.6</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.7</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Zinc (%)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>90.3</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.2</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.4</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">89.3</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>90.3</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">90.2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash Costs</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash production cost per tonne of ore processed ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>53.69</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.08</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.49</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">63.12</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.38</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>51.40</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">58.50</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>All-in sustaining cost per tonne of ore processed ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>75.55</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">74.53</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">83.42</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">78.32</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">76.84</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>77.85</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">86.93</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Cash cost per ounce of Silver, net of by-product credits ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(19.14)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(15.67)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(12.19)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4.79)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(8.95)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(15.77)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4.69)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>All-in sustaining cost per ounce of silver, net of by-product credits ($)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>(6.13)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.62</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8.45</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6.63</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8.01</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1.07</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">11.98</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Metal Production</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Silver (in thousands of ounces)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>168</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">137</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">145</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">87</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">173</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>450</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">440</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Lead (in thousands of pounds)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1,853</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,232</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,539</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,210</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,211</FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,624</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,692</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 2.05pt 0.5pt 8.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Zinc (in thousands of pounds)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4,418</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,016</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,966</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,809</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">5,251</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt 0.5pt 2.05pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>12,400</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; padding: 0.5pt 3.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,363</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, a total of 86,297 tonnes of ore
were mined at the GC Mine, down 13% compared to 99,667 tonnes in Q3 Fiscal 2024, while 84,115 tonnes were milled, down 14% compared to
98,299 tonnes in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In Q3 Fiscal 2025, approximately 14,300 tonnes of
waste were removed through the XRT Ore Sorting System.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Average head grades of ore milled were 77 g/t for
silver, 1.1% for lead, and 2.7% for zinc compared to 68 g/t for silver, 1.1% for lead, and 2.7% for zinc in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Metals produced at the GC Mine were approximately
168 thousand ounces of silver, 1.9 million pounds of lead, and 4.4 million pounds of zinc, representing decreases of 3%, 16%, and 16%,
in silver, lead and zinc production, respectively, compared to 173 thousand ounces of silver, 2.2 million pounds of lead, and 5.3 million
pounds of zinc in Q3 Fiscal 2024.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><U>OPERATING OUTLOOK </U></B>&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Pending the detailed engineering design of the process
plant of the El Domo Project, the Company expects to provide Fiscal 2026 production and capital expenditures along with the release of
Fiscal 2025 production results in April 2025.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><U>CONFERENCE CALL DETAILS </U></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">A conference call to discuss these results will be
held on February 13, Thursday, at 9:00 am PDT (12:00 pm EDT). To participate in the conference call, please dial the numbers below.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Canada/USA TF: 888-510-2154</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">International/Local Toll: 437-900-0527</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Conference ID: 99469</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Participants should dial-in 10 &ndash; 15 minutes
prior to the start time.&nbsp; A replay of the conference call and transcript will be available on the Company's website at <U>www.silvercorpmetals.com.</U></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Mr. Guoliang Ma, P.Geo., Manager of Exploration and
Resources of the Company, is the Qualified Person as defined by National Instrument 43-101 &ndash; Standards of Disclosure for Mineral
Projects (&quot;NI 43-101&quot;) and has reviewed and given consent to the technical information contained in this news release.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About Silvercorp </B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Silvercorp is a Canadian mining company producing
silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder
value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3)
ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information,
please visit our website at <U>www.silvercorpmetals.com</U>.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>For further information<BR>
</B>Silvercorp Metals Inc.<BR>
Lon Shaver<BR>
President<BR>
Phone: (604) 669-9397<BR>
Toll Free 1(888) 224-1881<BR>
Email: investor@silvercorp.ca<BR>
Website: www.silvercorpmetals.com</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>ALTERNATIVE PERFORMANCE (NON-IFRS) MEASURES</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">This news release should be read in conjunction with
the Company's Management Discussion &amp; Analysis (&quot;MD&amp;A&quot;), the unaudited condensed interim consolidated financial statements
and related notes contains therein for the three and nine months ended December 31, 2024, which have been posted on SEDAR+ under the Company's
profile at <U>www.sedarplus.ca</U>&nbsp;and on EDGAR at <U>www.sec.gov</U>,&nbsp;and are also available on the Company's website at&nbsp;<U>www.silvercorpmetals.com</U>&nbsp;under
the Investor section. This news release refers to various alternative performance (non-IFRS) measures, such as adjusted earnings and adjusted
earnings per share, cash cost and all-in sustaining cost per ounce of silver, net of by-product credits, production cost and all-in sustaining
production cost per tonne of ore processed, silver equivalent, and working capital. These measures are widely used in the mining industry
as a benchmark for performance, but do not have standardized meanings under IFRS as an indicator of performance and may differ from methods
used by other companies with similar description.&nbsp; The detailed description and reconciliation of these alternative performance (non-IFRS)
measures have been incorporated by reference and can be found on page 52, section 13 &ndash; Alternative Performance (Non-IFRS) Measures
in the MD&amp;A for the three and nine&nbsp; months ended December 31, 2024 filled on SEDAR+ at <U>www.sedarplus.ca</U>&nbsp;and EDGAR
at <U>www.sec.gov</U>&nbsp;and which is incorporated by reference here in.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">This news release includes &quot;forward-looking statements&quot;
within the meaning of the United States Private Securities Litigation Reform Act of 1995 and &quot;forward-looking information&quot; within
the meaning of applicable securities laws relating to, among other things statements regarding the expectation to provide Fiscal 2026
Production and Capital Expenditures Guidance along with the release of Fiscal 2025 production results in April 2025, the processing of
inventory stock piles; and construction of the Kuanping Project. By their very nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking statements.&nbsp; Forward-looking information
may in some cases be identified by words such as &quot;will&quot;, &quot;anticipates&quot;, &quot;expects&quot;, &quot;intends&quot; and
similar expressions suggesting future events or future performance.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">We caution that all forward-looking information is
inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking
information. A number of risks, uncertainties and other factors, including&nbsp; fluctuating commodity prices; recent market events and
condition; estimation of mineral resources, mineral reserves and mineralization and metal recovery; interpretations and assumptions of
mineral resource and mineral reserve estimates; exploration and development programs; climate change; economic factors affecting the Company;
timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions
into existing operations; permits and licences for mining and exploration in China; title to properties; non-controlling interest shareholders;
acquisition of commercially mineable mineral rights; financing; competition; operations and political conditions; regulatory environment
in China; regulatory environment and political climate in Bolivia and Ecuador; integration and operations of Adventus; environmental risks;
natural disasters; dependence on management and key personnel; foreign exchange rate fluctuations; insurance; risks and hazards of mining
operations; conflicts of interest; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act; outcome
of current or future litigation or regulatory actions; bringing actions and enforcing judgments under U.S. securities laws; cyber-security
risks; public health crises; the Company's investment in New Pacific Metals Corp. and Tincorp Metals Inc.;&nbsp; and the other risk factors
described in the Company's Annual Information Form and other filings with Canadian and U.S. regulators on www.sedarplus.ca and www.sec.gov;
could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could
cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering
statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights
regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned
not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represent
expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we
expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions
underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking
information in this news release is qualified by the cautionary statements herein.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">A comprehensive discussion of other risks that impact
Silvercorp can also be found in their public reports and filings which are available under its profile at www.sedarplus.ca.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia:https://www.prnewswire.com/news-releases/silvercorp-reports-adjusted-net-income-of-22-0-million-0-10-per-share-and-cash-flow-from-operations-of-44-8-million-for-q3-fiscal-2025--302374025.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE Silvercorp Metals Inc.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/11/c5546.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0001340677</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: Silvercorp Metals Inc.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 17:05e 11-FEB-25</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
