HispanicBusiness

EVBC Mine, Spain

Through its wholly-owned subsidiary, Kinbauri Espana S.L.U. ("Kinbauri"), the Company owns and operates the EVBC Mine, which is located in the Rio Narcea Gold Belt in northern Spain. The following table includes operating and financial performance data for the EVBC Mine for the periods set out below. The EVBC Mine reached commercial production in August 2011.

----------------------------------------------------------------------------                            Q4 2012      Q1 2013      Q1 2012         2012----------------------------------------------------------------------------Operating PerformanceOre mined (tonnes)          129,015      163,051      123,858      558,583Ore milled (tonnes)         118,436      145,890      123,566      519,690Gold Grade (g/t)                   2.95         3.19         2.17         2.77 Recovery (%)                  93.2         93.2         92.2         92.5 Production (oz)             10,465       13,949        7,655       42,864 Sales (oz)                  13,457        8,759        8,276       42,837Copper Grade (%)                     0.37         0.51         0.34         0.41 Recovery (%)                  82.0         82.5         80.0         84.1 Production ('000 lbs)          800        1,347          727        3,951 Sales ('000 lbs)             1,241          816          691        3,951Silver Grade (g/t)                   8.41        11.46         7.23         9.17 Recovery (%)                  76.3         79.5         69.9         76.4 Production (oz)             24,718       42,877       19,725      117,113 Sales (oz)                  29,098       33,279        9,283      106,199----------------------------------------------------------------------------Total cash costs (by- product) ($/oz of gold sold) (1)               $      720   $      847   $    1,244   $      854Total production costs (by-product) ($/oz of gold sold) (1)          $      987   $    1,053   $    1,459   $    1,071----------------------------------------------------------------------------Financial PerformanceRevenue                  $   25,718   $   17,278   $   15,373   $   82,239Mining costs             $   13,156   $    9,731   $   12,507   $   47,615Depreciation and amortization            $    3,971   $    2,483   $    2,437   $   11,754Financial instruments gain (loss)             $  (17,493)  $   11,748   $   (1,956)  $  (26,095)Income (loss) before tax $   (9,961)  $   16,020   $   (2,720)  $   (6,506)Adjusted income (loss) before tax (1)          $    6,040   $    2,720   $     (933)  $   14,487Capital expenditures (including primary mine development) (2)        $    9,457   $    3,355   $    7,407   $   31,136----------------------------------------------------------------------------(1) Total cash costs (by-product) and total production costs (by-product)    per ounce of gold sold and adjusted income (loss) before tax are non-    IFRS performance measures with no standard definition under IFRS. For    further information and a detailed reconciliation, please see the "Other    Information - Non-IFRS Measures" section of the Q1 2013 MD&A. Adjusted    income before tax includes realized expenses in connection with    financial instruments settled during the period but does not include the    mark-to-market fair value adjustments of the Company's outstanding    financial instruments at the end of the period. See also "Other    Information - Financial Instruments" below.(2) Capital expenditures include primary mine development expenditures    capitalized during the period. Primary mine development expenditures of    $2,558 were capitalized in the first quarter of fiscal 2013. Capital    expenditures in the first quarter of fiscal 2013 includes $1,578 for    unpaid capital expenditures which will be paid in subsequent quarters in    fiscal 2013.