EBITDA & Net Income for 3q04 vs estimate:
Avg gold price after hedge = $377/oz (actual) - $380/oz (estimate)
Avg copper price = $1.29/lb (actual) - $1.30/lb (estimate)

Description        3q04            3q04
                  Actual          Estimate
Gold oz produced  79,311           81,454
Copper lbs prod   18.712 million   19 million
Gold oz sold      81,908           81,454
Copper lbs sold   20.5 million     19 million
Net sales         51,288,000       48,953,000
Cost of sales    -27,312,000      -26,000,000
Admin & Gen       -1,129,000       -1,500,000
                   ----------      ----------
EBITDA            22,847,000       21,453,000
Depreciation       9,234,000        9,000,000
Site closure         223,000          225,000
Interest             966,000          825,000
Exploration        1,010,000       No estimate
Currency            (316,000)      No estimate
Mining taxes         496,000          500,000
Other exp (inc)      (28,000)      No estimate
Future Income Tax  1,209,000       No estimate
                   ----------      ----------
Net Income        10,053,000        9,903,000
Shares out       200,536,243      201,750,000
EPS                     .050             .049
EBITDA/share            .114             .106