Five-Year Historical Review | 2007

2009 2008 2007 2006 2005

 Dollars and shares in thousands, except per share and per ounce

Operating Results
Revised
2007 
 
Sales of products (1) $157,640  
Gross profit (loss) (1) $77,786  
Asset write-downs and provision for closed operations (1) $49,152  
Net income (loss) $53,197  
Series B Preferred stock dividends $(552)  
Mandatory Convertible Preferred stock dividends $(472)  
Net income (loss) applicable to common shareholders $52,173  
Basic Income (loss) per common share $0.43  
Exploration and pre-development expenses (1) $16,961  
Balance Sheet    
Current assets $457,131  
Total assets $650,737  
Working capital $404,994  
Long-term debt $- -  
Common stock $30,395  
Preferred stock $543  
Total shareholders' equity $492,529  
Cash and Cash Flow    
Net cash provided by operating activities $64,995  
Net cash provided by investing and financing activities $232,250  
Cash and cash equivalents at end of year $373,123  
Short-term investments at end of year $25,759  
Common Share Data    
Number of shares outstanding at end of year 121,375  
Weighted average number of shares
outstanding for the year
120,420  
High per share price during the year (closing) $12.43  
Low per share price during the year (closing) $6.45  
Operational Data    
Silver production (oz) 5,642,558  
Gold production (oz) (1) 20,218  
Lead production (tons) 24,549  
Zinc production (tons) 26,621  
Total cash cost per ounce - silver (2) $(2.81)  
Total production cost per ounce - silver $(0.60)  
Average London PM Fix gold price per ounce $697.00  
Average London PM Fix silver price per ounce $13.39  
Other Data    
Market capitalization $1,134,860  
Financial ratios:    
     Current ratio 8.6:1  
     Total liabilities to equity 0.3:1  
     Book value per common share $2.33  

(1) Amounts have been adjusted to omit the results of our now-divested Venezuelan gold operations. On July 8, 2008, we completed the sale of our wholly owned subsidiaries holding our business and operations in Venezuela.

(2) Total cash costs per ounce of silver represent non-U.S. Generally Accepted Accounting Principles (GAAP) measurements. A reconciliation of total cash costs to cost of sales and other direct production costs (GAAP) for the years ended 2009, 2008 and 2007 can be found in the cash costs per ounce reconciliation section in the company's 10-K.

2009 2008 2007 2006 2005