RE:Annualized production based on q1 numbers
Indeed production for full year will be lower because Bolivian assets weren't counted in Q1 (I will ignore the 13 days for simplicity) 45% of Illapa JV which produced 5.8 Moz AgEq is 2.6Moz AgEq on annual basis. Zimapan's production is increasing Q1 was .9 Moz and Q2 should be over 1 Moz (equipment moved from Rosario and higher grades) giving you about 4 Moz AgEq Caballo Blanco is 4.2 Moz AgEq giving you a total annual production of roughly 11 Moz AgEq. That doesn include San Lucas which doesn't produce but generates $5 M in EBITDA. The beauty here come from zinc as 60% of revenues are attributed to zinc and with the price being elevated the silver equivalent calculation works in your favor pushing this into the 13Moz AgEq annually. Plus you have the wholly owned Soracaya project that will be brought online once cash flow is sufficient.