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endeavor MINE (AUSTRALIA)
The Endeavor Mine is located in north central New South Wales, Australia. On May 23, 2005, we acquired all of the silver production and reserves, up to a maximum number of ounces, contained at the Endeavor Mine, which is owned and operated by Cobar Operations Pty. Limited, a wholly-owned subsidiary of CBH Resources Ltd., for $43.8 million. Production at the Endeavor mine in 2007 was approximately 773,000 ounces of silver, compared to 482,000 ounces of silver in 2006. Cash costs per ounce of silver produced were $2.67 in 2007, compared to $2.85 in 2006.
