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BROKEN HILL (AUSTRALIA)
The Broken Hill Mine is located in western New South Wales, Australia. On September 5, 2005, we acquired all of the silver production and reserves, up to a maximum number of ounces, contained at the Broken Hill Mine, which is owned and operated by Perilya Broken Hill Ltd. for $36.9 million. Production in 2007 was approximately 1.6 million ounces of silver compared to 2.2 million ounces of silver in 2006. The cash costs per ounce of silver production were $3.18 in 2007, compared to $3.09 in 2006.
