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Glossary

Ag
Silver

Adjusted EBITDA
Adjusted EBITDA is calculated as profit from continuing operations before net finance income/(cost), foreign exchange loss and income tax plus depreciation and exploration expenses other than personnel and other exploration related fixed expenses.

Au
Gold

Attributable after tax profit
Profit for the year before dividends attributable to the equity shareholders of Hochschild Mining plc from continuing operations before exceptional items and after minority interest.

Average head grade
Average ore grade fed into the mill

Board
The Board of Directors of the Company

CAD$
Canadian dollar

Company
Hochschild Mining plc

CSR
Corporate social responsibility

Cu
Copper

Directors
The Directors of the Company

DNV
Det Norske Veritas is an independent foundation with the purpose of safeguarding life, property and the environment.

Dore
Dore bullion is an impure alloy of gold and silver and is generally the final product of mining and processing; the dore bullion will be transported to be refined to high purity metal.

Dollar or $
United States dollars

Effective Tax Rate
Income tax expense as a percentage of profit from continuing operations before income tax.

EPS
The per-share (using the weighted average number of shares outstanding for the period) profit available to equity shareholders of the Company from continuing operations after exceptional items.

eq
equivalent

Exceptional item
Events that are significant and which, due to their nature or the expected infrequency of the events giving rise to them, need to be disclosed separately.

g/t
Grammes per tonne

GAAP
Generally Accepted Accounting Principles

Group
Hochschild Mining plc and subsidiary undertakings

IAS
International Accounting Standards

IASB
International Accounting Standards Board

IFRS
International Financial Reporting Standards

JV
Joint venture

koz
Thousand ounces

kt
Thousand tonnes

ktpa
Thousand tonnes per annum

Listing or IPO (Initial Public Offering) or Global Offer
The listing of the Company’s ordinary shares on the London Stock Exchange on 8 November 2006.

LTI
Lost Time Injury, meaning an occupational injury or illness that results in days away from work.

LTIFR
Lost Time Injury Frequency Rate = LTI x 1,000,000/hours worked

moz
Million ounces

Ordinary shares
Ordinary shares of 25 pence each in the Company

Pb
Lead

Spot or spot price
The purchase price of a commodity at the current price, normally this is at a discount to the long-term contract price.

t
tonne

tpa
tonnes per annum

tpd
tonnes per day

Zn
Zinc

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