Q4 and Q1 2013 Production comparison To August 31 /2012. Road development was for the newly developing mine site at Santa Fe
| RESULTS | Q4 (Mar-May, 2012) | Q1 (Jun-Aug, 2012) |
| Tonnes Processed | 17,653 Tonnes | 17,390 Tonnes |
| Gold Grade | 1.66 g/t | 1.81 g/t |
| Silver Grade | 211.89 g/t | 214.32 g/t |
| Gold Recovery | 92.36 % | 92.85 % |
| Silver Recovery | 58.63 % | 57.66 % |
| Gold Produced | 868 Ounces | 941 Ounces |
| Gold Sold | 855.231 Ounces | 926.866 Ounces |
| Silver Produced | 70,501 Ounces | 69,097 Ounces |
| Silver Sold | 68,385.98 Ounces | 67,024.24 Ounces |
| Gold Equivalent Produced | 2,207 Ounces | 2,148 |
| Developed Metres | 1,704 Meters | 1,295 Meters |
| Samples Taken | 8,307 Samples | 8,380 Samples |
| Diamond Drilling Metres | 0 Meters | 0 Meters |
| Access Road Kilometres | 3.55 Kilometers | 0 Meters |
Santa Fe Project
Construction has commenced on the road to the Mina Grande zone in the area of Santa Fe. Through July 31, 2012 the road had advanced 2.9km and headed into the zone of interest. A total of 80 samples were taken from the site with average grades of 2 g/t Au and 270 g/t Ag. The goal is to access to 10,000 tons approximately of mineralized material with average grades of 1.54 g/t Au and 220 g/t Ag. Also, to start detail exploration works and development work in the already known veins.
During the road construction, two new veins were located and the sampling showed average grades of up to 4.0 g/t Au and 130 g/t Ag over a width of 1m.