Strategy

We are committed to delivering long term, sustainable value for shareholders and we are well placed to achieve this objective. We have a clear strategy for growth focused on:

1. Extracting the maximum potential from our current operations

Since our IPO in 2006, we have met all of our annual production targets, entered new mineral rich regions and doubled the throughput capacity of our current operations. We have a solid, profitable production base with five operations in three countries, Peru, Argentina and Mexico. We are committed to maximising our life of mine and invest in mine-site, brownfield exploration with the long-term objective of achieving a minimum eight-year total resource life including a four-year reserve life.

2. Realising growth opportunities through acquisitions & investments

We are focused on high-margin precious metals projects and continually evaluate opportunities across the Americas including specific geological regions; the highlands of southern Peru, the Argentine Patagonia, the Timmins region in Canada, southern Mexico and northern Chile. We take a highly selective, disciplined approach to ensure that all transactions are value accretive in the long term.

3. Securing our future through exploration

Our exploration programme is focused on maximising the life of our existing operations and also on bringing new, profitable precious metals projects into production. We are extremely positive about the potential of our pipeline, which currently comprises numerous projects in four countries. Projects are at various stages of development and are subject to a rigorous evaluation process to ensure that investment is targeted towards quality assets that will ultimately contribute to the Group’s long-term growth.