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<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Freeport-McMoRan">
<META NAME="date" CONTENT="04/21/2003">
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<P style="margin:0pt" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
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<P style="margin:0pt" align=center>Washington, D.C. &nbsp;20549</P>
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<P style="margin:0pt" align=center>FORM 8-K</P>
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<P style="margin:0pt" align=center>CURRENT REPORT</P>
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<P style="margin:0pt" align=center>Pursuant to Section 13 or 15(d) of the</P>
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<P style="margin:0pt" align=center>Securities Exchange Act of 1934</P>
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<P style="margin:0pt" align=center>Date of Report (Date of earliest event reported): &nbsp;April 24, 2003</P>
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<P style="margin:0pt" align=center>FREEPORT-McMoRan COPPER &amp; GOLD INC.</P>
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<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware &nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt">&nbsp;&nbsp;1-9916 </P>
<P style="margin:0pt; text-indent:288pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74-2480931</P>
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<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(State or other</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:144pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt" align=justify>(Commission</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:288pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:324pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IRS Employer </P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;jurisdiction of</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:144pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt" align=justify>&nbsp;&nbsp;File Number) </P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:288pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:324pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identification</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;incorporation or</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:288pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:324pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number)</P>
<P style="margin:0pt; text-indent:36pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;organization)</P>
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<P style="margin:0pt" align=center>1615 Poydras Street</P>
<P style="margin:0pt" align=center>New Orleans, Louisiana &nbsp;70112</P>
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<P style="margin:0pt" align=center>Registrant's telephone number, including area code: &nbsp;(504) 582-4000</P>
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<P style="margin:0pt; padding-left:72pt; text-indent:-72pt" align=justify>Item 5. &nbsp;<U>Other Events and Regulation FD Disclosure.</U></P>
<P style="margin:0pt; line-height:11pt; font-size:9pt">The following information is being provided by Freeport-McMoRan Copper &amp; Gold Inc. to comply with Securities and Exchange Commission rules, which became effective on March 28, 2003. &nbsp;The new rules require us to reconcile certain financial measures provided in our Annual Report on Form 10-K for the year ended December 31, 2002, to the most directly comparable measures in our audited financial statements. &nbsp;Our reconciliations cover PT Freeport Indonesia&#146;s product revenues and production costs, and cathode cash production costs per pound of copper for Atlantic Copper and PT Smelting for the five years ended December 31, 2002.</P>
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<P style="margin:0pt; line-height:11pt; font-size:9pt"><B>PT FREEPORT INDONESIA PRODUCT REVENUES AND PRODUCTION COSTS</B></P>
<P style="margin:0pt; line-height:11pt; font-size:9pt">Net cash production costs per pound of copper is a measure intended to provide investors with information about the cash generating capacity of our mining operations in Indonesia. &nbsp;This measure is presented by other copper and gold mining companies, although our measure may not be comparable to similarly titled measures reported by other companies.</P>
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<P style="margin:0pt; line-height:11pt; font-size:9pt">We calculate gross profit per pound of copper under a &#147;by-product&#148; method, while the copper, gold and silver contained within our concentrates are treated as co-products in our financial statements. &nbsp;We use the by-product method in our presentation of gross profit per pound of copper because (1) we believe the market views us as a copper company, (2) we produce and sell one product, concentrates, which contains all three metals and (3) there is no objective basis for specifically assigning our costs to revenues from the copper, gold and silver we produce in concentrates. &nbsp;In the co-product method presentation below, we have allocated costs to the different products based on their relative revenue values for each period presented. &nbsp;Presentations under both methods are presented below along with a reconciliation to amounts reported in FCX&#146;s consolidated financial statements.</P>
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<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt"><B><U>Year Ended December 31, 2002</U></B></P>
</TD><TD valign=bottom width=69.6 colspan=2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=301.6 colspan=11>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133>&nbsp;</TD><TD valign=bottom width=69.6 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>By-Product</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=301.6 colspan=11><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Co-Product Method</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.6 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Method</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Copper</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=75.4 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Gold</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.467 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Silver</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=67.067 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Total</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.4><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,077,277</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,077,277</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>715,940</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18,408</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,811,625</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133>&nbsp;</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>547,753</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>325,720</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>216,467</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>5,566</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>547,753</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(734,348</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>278,504</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>165,611</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>110,063</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,830</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>278,504</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>24,532</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>14,588</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>9,695</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>249</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>24,532</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>116,441</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>505,919</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>336,225</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>8,645</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>850,789</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>218,716</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>130,059</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>86,435</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,222</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>218,716</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>335,157</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>635,978</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>422,660</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10,867</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,069,505</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales and for silver hedging</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10,421</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>9,591</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>830</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10,421</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.4><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>752,541</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>450,890</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>293,280</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>8,371</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>752,541</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Pounds of copper sold (000)</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,522,300</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,522,300</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of gold sold</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,293,200</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of silver sold</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,116,100</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133>&nbsp;</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=402.8 colspan=8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):</P>
</TD><TD valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>70.6</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>70.6</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>311.97</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4.66</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133>&nbsp;</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>36.0</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>21.4</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>94.40</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.35</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(48.2</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18.3</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10.9</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>48.00</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.69</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.6</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.0</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4.23</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.06</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>7.7</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>33.3</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>146.63</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.10</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>14.4</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>8.5</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>37.69</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.54</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>22.1</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>41.8</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>184.32</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.64</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales </P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.9</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.8</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.24</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.01</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound/ounce</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>49.4</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>29.6</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.933><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>127.89</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.03</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.133>&nbsp;</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.467>&nbsp;</TD><TD valign=bottom width=63.933>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD></TR>
</TABLE>
<BR>
<P style="margin:0pt" align=center>1</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=294.933><P style="margin:0pt; line-height:11pt; font-size:9pt"><U>Reconciliation to Amounts Reported</U></P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=58.6>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=55>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=11.267>&nbsp;</TD><TD valign=bottom width=62.267>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=67.733 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Revenues</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=64.2 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Production and Delivery</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=73.533 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Depreciation and Amortization</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; line-height:11pt; font-size:9pt">Totals presented above</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.133><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,811,625</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>547,753</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=11.267><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>218,716</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; line-height:11pt; font-size:9pt">Less: &nbsp;Treatment charges per above</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(278,504</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=11.267>&nbsp;</TD><TD valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Royalty per above</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(24,532</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=11.267>&nbsp;</TD><TD valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Other, primarily noncash costs</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>7,117</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=11.267>&nbsp;</TD><TD valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments per above</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10,421</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=11.267>&nbsp;</TD><TD valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; line-height:11pt; font-size:9pt">Mining and exploration segment</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,519,010</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>554,870</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.267>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>218,716</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; line-height:11pt; font-size:9pt">Smelting and refining segment</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>768,680</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>729,789</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=11.267>&nbsp;</TD><TD valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>27,652</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; line-height:11pt; font-size:9pt">Eliminations and other</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.133>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(377,228</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(346,197</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.267>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>14,078</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=294.933><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">As reported in FCX consolidated financial statements </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.133><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=58.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,910,462</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=55><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>938,462</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.267><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=62.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>260,446</P>
</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.333>&nbsp;</TD><TD valign=bottom width=38.8>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD><TD valign=bottom width=7.4>&nbsp;</TD><TD valign=bottom width=35.533>&nbsp;</TD><TD valign=bottom width=6.8>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt"><B><U>Year Ended December 31, 2001</U></B></P>
</TD><TD valign=bottom width=69.867 colspan=2>&nbsp;</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=301.467 colspan=11>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8>&nbsp;</TD><TD valign=bottom width=69.867 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>By-Product</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=301.467 colspan=11><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Co-Product Method</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.867 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Method</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.733 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Copper</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=74.933 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Gold</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Silver</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=67.133 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Total</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>968,484</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>968,484</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>710,835</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>15,995</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,695,314</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333>&nbsp;</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>542,699</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>310,028</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>227,550</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>5,121</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>542,699</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(726,830</P>
</TD><TD valign=bottom width=9.133><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>254,485</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>145,380</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>106,704</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,401</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>254,485</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>24,302</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>13,883</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10,190</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>229</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>24,302</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>94,656</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>469,291</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>344,444</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>7,751</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>821,486</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>251,835</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>143,866</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>105,593</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,376</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>251,835</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>346,491</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>613,157</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>450,037</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10,127</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,073,321</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales and for </P>
<P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">silver hedging</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(2,413</P>
</TD><TD valign=bottom width=9.133><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(4,528</P>
</TD><TD valign=bottom width=8.667><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,115</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(2,413</P>
</TD><TD valign=bottom width=8.667><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>619,580</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>350,799</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.4><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>260,798</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>7,983</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>619,580</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=60.333>&nbsp;</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.267>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=63.533>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Pounds of copper sold (000)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,399,100</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,399,100</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of gold sold</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333>&nbsp;</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,644,800</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of silver sold</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333>&nbsp;</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3,782,600</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333>&nbsp;</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=407.6 colspan=8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):</P>
</TD><TD valign=bottom width=63.533>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>69.0</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>69.0</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>269.24</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4.80</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.333>&nbsp;</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.267>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.533>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>38.8</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>22.2</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>86.04</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.35</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(51.9</P>
</TD><TD valign=bottom width=9.133><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18.2</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10.4</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=11.4>&nbsp;</TD><TD valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>40.34</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.63</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.7</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.0</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3.85</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.06</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>6.8</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>33.6</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>130.23</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.04</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18.0</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10.3</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>39.92</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.63</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>24.8</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>43.9</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>170.15</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.67</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.1</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(0.48</P>
</TD><TD valign=bottom width=8.667><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(0.02</P>
</TD><TD valign=bottom width=8.667><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
<TR><TD valign=bottom width=241.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound/ounce</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>44.3</P>
</TD><TD valign=bottom width=9.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>25.1</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>98.61</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.11</P>
</TD><TD valign=bottom width=8.667>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=8.667>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt"><U>Reconciliation to Amounts Reported</U></P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.4>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.8>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.267>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.733 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Revenues</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=66.333 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Production and Delivery</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=75.933 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Depreciation and Amortization</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Totals presented above</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,695,314</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>542,699</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>251,835</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Less: &nbsp;Treatment charges per above</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(254,485</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Royalty per above</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(24,302</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Other, primarily noncash costs</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3,159</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Adjustments per above</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(2,413</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Mining and exploration segment</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,414,114</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>545,858</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>251,835</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Smelting and refining segment</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>758,282</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>738,618</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>27,262</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Eliminations and other</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(333,530</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(341,037</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,792</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">As reported in FCX consolidated financial statements </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.4><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,838,866</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=56.8><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>943,439</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.667><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=64.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>283,889</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt" align=center>2</P>
<P style="margin:0pt" align=center><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt"><B><U>Year Ended December 31, 2000</U></B></P>
</TD><TD valign=bottom width=69.733 colspan=2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=300.667 colspan=11>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8>&nbsp;</TD><TD valign=bottom width=69.733 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>By-Product</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=300.667 colspan=11><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Co-Product Method</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.733 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Method</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Copper</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=74.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Gold</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.6 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Silver</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=67.067 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Total</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,136,997</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,136,997</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>530,920</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>17,030</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,684,947</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>595,545</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>401,872</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>187,654</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>6,019</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>595,545</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(547,950</P>
</TD><TD valign=bottom width=9.067><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>254,271</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>171,581</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>80,120</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,570</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>254,271</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>20,162</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>13,605</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>6,353</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>204</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>20,162</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>322,028</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>587,058</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>274,127</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>8,793</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>869,978</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>250,864</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>169,282</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>79,046</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,536</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>250,864</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>572,892</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>756,340</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>353,173</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>11,329</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,120,842</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales and for silver hedging</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,585</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,977</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>608</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,585</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>566,690</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>382,634</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>177,747</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>6,309</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>566,690</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Pounds of copper sold (000)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,393,700</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,393,700</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of gold sold</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,921,400</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of silver sold</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3,542,300</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=403.2 colspan=8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):</P>
</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>81.6</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>81.6</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>276.06</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4.98</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>42.7</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>28.8</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>97.67</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.70</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(39.3</P>
</TD><TD valign=bottom width=9.067><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18.2</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>12.3</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>41.70</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.73</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.4</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.0</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3.31</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.06</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>23.0</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>42.1</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>142.68</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.49</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18.0</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>12.1</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>41.14</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.72</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>41.0</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>54.2</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>183.82</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3.21</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales </P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.1</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.1</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.27</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.01</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound/ounce</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>40.7</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>27.5</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>92.51</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.78</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.533>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=247.733><P style="margin:0pt; line-height:11pt; font-size:9pt"><U>Reconciliation to Amounts Reported</U></P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.533>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.2>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=70 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Revenues</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=66.733 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Production and Delivery</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=75.867 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Depreciation and Amortization</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; line-height:11pt; font-size:9pt">Totals presented above</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,684,947</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>595,545</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>250,864</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; line-height:11pt; font-size:9pt">Less: &nbsp;Treatment charges per above</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(254,271</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Royalty per above</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(20,162</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Other, primarily noncash costs</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>12,562</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments per above</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,585</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; line-height:11pt; font-size:9pt">Mining and exploration segment</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,413,099</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>608,107</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.667>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>250,864</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; line-height:11pt; font-size:9pt">Smelting and refining segment</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>768,814</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>734,083</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.667>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>27,989</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; line-height:11pt; font-size:9pt">Eliminations and other</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(313,303</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(329,228</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.667>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,703</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.733><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">As reported in FCX consolidated financial statements </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.533><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,868,610</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.267><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,012,962</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.667><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>283,556</P>
</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD><TD valign=bottom width=51.4>&nbsp;</TD><TD valign=bottom width=8.867>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<BR>
<P style="margin:0pt" align=center>3</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt"><B><U>Year Ended December 31, 1999</U></B></P>
</TD><TD valign=bottom width=69.667 colspan=2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=300.667 colspan=11>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533>&nbsp;</TD><TD valign=bottom width=69.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>By-Product</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=300.667 colspan=11><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Co-Product Method</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Method</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Copper</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=74.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Gold</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.6 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Silver</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Total</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,079,005</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,079,005</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>670,467</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>17,611</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,767,083</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>526,127</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>321,260</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>199,623</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>5,244</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>526,127</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(688,078</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>272,843</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>166,602</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>103,522</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,719</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>272,843</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>23,014</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>14,053</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>8,732</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>229</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>23,014</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>133,906</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>501,915</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>311,877</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>8,192</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>821,984</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>259,372</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>158,376</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>98,411</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,585</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>259,372</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>393,278</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>660,291</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>410,288</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10,777</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,081,356</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales and for silver hedging</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(8,928</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(9,483</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>555</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(8,928</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>676,799</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>409,231</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>260,179</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>7,389</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>676,799</P>
</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Pounds of copper sold (000)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,441,000</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,441,000</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of gold sold</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,423,900</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of silver sold</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3,479,600</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=403.2 colspan=8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):</P>
</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>74.7</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>74.7</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>276.53</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>5.21</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>36.5</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>22.3</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>82.36</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.51</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(47.8</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18.9</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>11.6</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>42.71</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.78</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.6</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.0</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3.60</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.07</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>9.2</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>34.9</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>128.67</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.36</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18.0</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>11.0</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>40.60</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.74</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>27.2</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>45.9</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>169.27</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3.10</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales </P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(0.5</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(0.4</P>
</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.08</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.01</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
<TR><TD valign=bottom width=237.533><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound/ounce</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>47.0</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>28.4</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>107.34</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.12</P>
</TD><TD valign=bottom width=8.533>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=248><P style="margin:0pt; line-height:11pt; font-size:9pt"><U>Reconciliation to Amounts Reported</U></P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.467>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.2>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.8 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Revenues</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=66.267 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Production and Delivery</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=75.933 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Depreciation and Amortization</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; line-height:11pt; font-size:9pt">Totals presented above</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,767,083</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>526,127</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.733><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>259,372</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; line-height:11pt; font-size:9pt">Less: &nbsp;Treatment charges per above</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(272,843</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Royalty per above</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(23,014</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Other, primarily noncash costs</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,513</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>7,992</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments per above</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(8,928</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; line-height:11pt; font-size:9pt">Mining and exploration segment</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,464,811</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>534,119</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.733>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>259,372</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; line-height:11pt; font-size:9pt">Smelting and refining segment</P>
</TD><TD valign=bottom width=9.333>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>764,466</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>723,966</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>29,373</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; line-height:11pt; font-size:9pt">Eliminations and other</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(341,949</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(323,536</P>
</TD><TD valign=bottom width=8.933><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.733>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,468</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=248><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">As reported in FCX consolidated financial statements </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,887,328</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>934,549</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.733><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=64.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>293,213</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.533>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<BR>
<P style="margin:0pt" align=center>4</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt"><BR><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt"><B><U>Year Ended December 31, 1998</U></B></P>
</TD><TD valign=bottom width=69.667 colspan=2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=300.4 colspan=11>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133>&nbsp;</TD><TD valign=bottom width=69.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>By-Product</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=300.4 colspan=11><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Co-Product Method</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Method</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Copper</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=74.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Gold</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.6 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Silver</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=66.667 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Total</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,033,221</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,033,221</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>634,852</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18,116</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,686,189</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>456,828</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>279,924</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>171,996</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,908</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>456,828</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(652,968</P>
</TD><TD valign=bottom width=9.067><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>333,598</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>204,414</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>125,600</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3,584</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>333,598</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18,800</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>11,520</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>7,078</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>202</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>18,800</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>156,258</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>495,858</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>304,674</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>8,694</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>809,226</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>241,312</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>147,865</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>90,854</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,593</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>241,312</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>397,570</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>643,723</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>395,528</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>11,287</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,050,538</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>17,332</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>17,332</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>17,332</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>652,983</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>406,830</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.333><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>239,324</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>6,829</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>652,983</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Pounds of copper sold (000)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,419,500</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,419,500</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of gold sold</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,190,300</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Ounces of silver sold</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3,412,300</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=403.467 colspan=8><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):</P>
</TD><TD valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Revenues</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>72.8</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>72.8</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>290.57</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>5.29</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2>&nbsp;</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Site production and delivery</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>32.2</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>19.7</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>78.53</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.44</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gold and silver credits</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(46.0</P>
</TD><TD valign=bottom width=9.067><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Treatment charges</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>23.5</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>14.4</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=11.333>&nbsp;</TD><TD valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>57.34</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.05</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Royalty on metals</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.3</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.8</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3.23</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.06</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Net cash production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>11.0</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>34.9</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>139.10</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.55</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Depreciation and amortization</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>17.0</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>10.4</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>41.48</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.76</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Total production costs</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>28.0</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>45.3</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>180.58</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3.31</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments to prior period sales</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.2</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1.2</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(0.72</P>
</TD><TD valign=bottom width=8.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.02</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
<TR><TD valign=bottom width=238.133><P style="margin:0pt; line-height:11pt; font-size:9pt">Gross profit per pound/ounce</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>46.0</P>
</TD><TD valign=bottom width=9.067>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>28.7</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=63.333><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>109.27</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2.00</P>
</TD><TD valign=bottom width=8.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.2>&nbsp;</TD><TD valign=bottom width=8.6>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt"><U>Reconciliation to Amounts Reported</U></P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.467>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733>&nbsp;</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.133>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">(In Thousands)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=69.867 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Revenues</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=66.267 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Production and Delivery</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=75.867 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Depreciation and Amortization</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Totals presented above</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.4><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,686,189</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>456,828</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.733><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>241,312</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Less: &nbsp;Treatment charges per above</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(333,598</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Royalty per above</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(18,800</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; padding-left:31.5pt; line-height:11pt; font-size:9pt">Other, primarily noncash costs</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,416</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Adjustments per above</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>17,332</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>N/A</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Mining and exploration segment</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,351,123</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>461,244</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=11.733>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>241,312</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Smelting and refining segment</P>
</TD><TD valign=bottom width=9.4>&nbsp;</TD><TD valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>753,957</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>667,904</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD valign=bottom width=11.733>&nbsp;</TD><TD valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>31,711</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; line-height:11pt; font-size:9pt">Eliminations and other</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.4>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(347,948</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(329,821</P>
</TD><TD valign=bottom width=9.2><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=11.733>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,384</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
<TR><TD valign=bottom width=247.867><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">As reported in FCX consolidated financial statements </P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.4><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=60.467><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,757,132</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=56.733><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>799,327</P>
</TD><TD valign=bottom width=9.2>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=11.733><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=64.133><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>277,407</P>
</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD><TD valign=bottom width=51.467>&nbsp;</TD><TD valign=bottom width=8.933>&nbsp;</TD></TR>
</TABLE>
<BR>
<BR>
<P style="margin:0pt" align=center>5</P>
<P style="margin:0pt" align=justify><BR><BR></P>
<P style="margin:0pt; line-height:11pt; font-size:9pt"><B>CATHODE CASH PRODUCTION COST PER POUND OF COPPER</B></P>
<P style="margin:0pt; line-height:11pt; font-size:9pt">Cathode cash production cost per pound of copper is a measure intended to provide investors with information about the costs associated with our smelting operations in Spain and with our 25 percent-owned smelting operations in Indonesia. &nbsp;Other smelting companies present this measure, although our measure may not be comparable to similarly titled measures reported by other companies.</P>
<P style="margin:0pt; font-size:9pt"><BR></P>
<P style="margin:0pt; font-size:9pt"><B><U>ATLANTIC COPPER.</U> </B>&nbsp;Below is a reconciliation of our smelting and refining segment production costs reported in FCX&#146;s consolidated financial statements to the production costs used to calculate our cathode cash production cost per pound of copper for Atlantic Copper (in thousands, except per pound amounts):</P>
<P style="margin:0pt; font-size:9pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0" width="652"><TR><TD valign=bottom width=261>&nbsp;</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=379 colspan=14><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Years Ended December 31,</P>
</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 0.5pt solid #000000" valign=bottom width=69 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>2002</P>
</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=9>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 0.5pt solid #000000" valign=bottom width=69 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>2001</P>
</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=9>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 0.5pt solid #000000" valign=bottom width=68 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>2000</P>
</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=9>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 0.5pt solid #000000" valign=bottom width=68 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>1999</P>
</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 0.5pt solid #000000" valign=bottom width=68 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>1998</P>
</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Smelting and refining segment production costs reported in FCX&#146;s consolidated financial statements</P>
</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=10><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=59><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>729,789</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=9><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>738,618</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>734,083</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>723,966</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>667,904</P>
</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Less:</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:18pt; line-height:11pt; font-size:9pt">Raw material purchase costs</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(330,516</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(355,241</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(424,798</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(361,036</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(332,645</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:18pt; line-height:11pt; font-size:9pt">Production costs of wire rod and wire</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(48,953</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(52,738</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(29,766</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(21,693</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(32,163</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:18pt; line-height:11pt; font-size:9pt">Production costs of anodes sold</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(9,264</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(10,522</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(6,450</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(8,426</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(9,501</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:18pt; line-height:11pt; font-size:9pt">Currency hedging </P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(1,168</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(3,016</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(16,441</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(14,959</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>2,928</P>
</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:18pt; line-height:11pt; font-size:9pt">Other </P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(5,211</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(5,295</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(2,202</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(5,097</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(3,937</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Add:</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:18pt; line-height:11pt; font-size:9pt">Gold and silver revenues</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(250,766</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(227,820</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(175,858</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(226,528</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(204,799</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:18pt; line-height:11pt; font-size:9pt">Acid and other by-product revenues</P>
</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=59><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(17,256</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=11>&nbsp;</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(13,301</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(13,966</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(16,016</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-bottom: 0.5pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(16,671</P>
</TD><TD valign=bottom width=8><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; text-indent:13.5pt; line-height:11pt; font-size:9pt">Production costs used in calculating cathode &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cash production cost per pound</P>
</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=10><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=59><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>66,655</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=11><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>70,685</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=10><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>64,602</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=10><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>70,211</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=10><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top: 0.5pt solid #000000; border-bottom: 2.25pt solid #000000" valign=bottom width=58><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>71,116</P>
</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=59>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=11>&nbsp;</TD><TD style="border-top: 0.5pt solid #000000" valign=bottom width=58>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD style="border-top: 2.25pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-top: 2.25pt solid #000000" valign=bottom width=58>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD style="border-top: 2.25pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-top: 2.25pt solid #000000" valign=bottom width=58>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD style="border-top: 2.25pt solid #000000" valign=bottom width=10>&nbsp;</TD><TD style="border-top: 2.25pt solid #000000" valign=bottom width=58>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; line-height:11pt; font-size:9pt">Pounds of cathode produced</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=59 style="border-bottom: 3 solid #000000"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>552,200</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-color: #000000"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>518,700</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-color: #000000"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>567,900</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-color: #000000"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>556,600</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-color: #000000"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>544,800</P>
</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
<TR><TD valign=bottom width=261><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Cathode cash production cost per pound before hedging</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=57 style="border-bottom-style: solid; border-bottom-width: 3"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>$0.12</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=9>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-width: 3"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>$0.14</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-width: 3"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>$0.11</P>
</TD><TD valign=bottom width=7>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-width: 3"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>$0.13</P>
</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=8>&nbsp;</TD><TD valign=bottom width=56 style="border-bottom-style: solid; border-bottom-width: 3"><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>$0.13</P>
</TD><TD valign=bottom width=8>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; line-height:11pt; font-size:9pt"><B><U>PT SMELTING.</U></B> &nbsp;Below is a reconciliation of the production costs used to calculate PT Smelting&#146;s cathode cash production cost per pound of copper to our equity in PT Smelting earnings (losses) reported in FCX&#146;s consolidated financial statements (in thousands, except per pound amounts):</P>
<P style="margin:0pt; font-size:9pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=303.333>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=297.067 colspan=11><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>Years Ended December 31,</P>
</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=67.133 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>2002</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=67.133 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>2001</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=67.067 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>2000</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=67.2 colspan=2><P style="margin:0pt; line-height:11pt; font-size:9pt" align=center>1999 (1)</P>
</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; line-height:11pt; font-size:9pt">Production costs &#150; PT Smelting (100%)</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>64,108</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>59,943</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>49,544</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>34,966</P>
</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Add: &nbsp;&nbsp;Gold and silver refining charges</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>4,263</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>5,724</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>3,029</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>1,892</P>
</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:9pt; line-height:11pt; font-size:9pt">Less: &nbsp;Acid and other by-product revenues</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(5,275</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(7,915</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(5,713</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(3,330</P>
</TD><TD valign=bottom width=20.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:36pt; line-height:11pt; font-size:9pt">Production cost of anodes sold </P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(4,148</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(680</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(3,042</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(909</P>
</TD><TD valign=bottom width=20.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:36pt; line-height:11pt; font-size:9pt">Production costs during start-up</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(11,491</P>
</TD><TD valign=bottom width=20.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)(2)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:9pt; text-indent:-9pt; line-height:11pt; font-size:9pt">Production cost used in calculating cathode cash production cost</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>58,948</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>57,072</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>43,818</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>21,128</P>
</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; line-height:11pt; font-size:9pt">Cathode production </P>
</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>424,100</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>468,400</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>349,200</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>182,200</P>
</TD><TD valign=bottom width=20.533><P style="margin:0pt; line-height:11pt; font-size:9pt">(2)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-top:2.25pt solid #000000" valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; line-height:11pt; font-size:9pt">Cathode cash production cost per pound</P>
</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.14</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.12</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.13</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>0.12</P>
</TD><TD valign=bottom width=20.533>&nbsp;</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<TABLE cellspacing="0" cellpadding="0"><TR><TD valign=bottom width=303.333><P style="margin:0pt; line-height:11pt; font-size:9pt"><U>Reconciliation to Amounts Reported</U></P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=16.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:13.5pt; line-height:11pt; font-size:9pt">Production costs per above</P>
</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(64,108</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(59,943</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(49,544</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(34,966</P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:13.5pt; line-height:11pt; font-size:9pt">Other costs</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(517,438</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(599,502</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(485,985</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(302,193</P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:13.5pt; line-height:11pt; font-size:9pt">Revenue and other income</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>565,788</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>639,862</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>482,123</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>296,863</P>
</TD><TD valign=bottom width=16.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:13.5pt; line-height:11pt; font-size:9pt">PT Smelting net income (loss)</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(15,758</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(19,583</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(53,406</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-top:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(40,296</P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=57.6>&nbsp;</TD><TD valign=bottom width=16.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:13.5pt; line-height:11pt; font-size:9pt">PT Freeport Indonesia&#146;s 25% equity interest</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(3,940</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.533>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(4,896</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.467>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(13,352</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD valign=bottom width=9.6>&nbsp;</TD><TD valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(10,074</P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:13.5pt; line-height:11pt; font-size:9pt">Amortization of excess investment cost</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(241</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.533>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(241</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.467>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(241</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=9.6>&nbsp;</TD><TD style="border-bottom:0.5pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>-&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=16.533>&nbsp;</TD></TR>
<TR><TD valign=bottom width=303.333><P style="margin:0pt; padding-left:54pt; text-indent:-54pt; line-height:11pt; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity in PT Smelting earnings (losses) per FCX consolidated financial statements</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(4,181</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.533><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(5,137</P>
</TD><TD valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.467><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(13,593</P>
</TD><TD valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=9.6><P style="margin:0pt; line-height:11pt; font-size:9pt">$</P>
</TD><TD style="border-top:0.5pt solid #000000; border-bottom:2.25pt solid #000000" valign=bottom width=57.6><P style="margin:0pt; line-height:11pt; font-size:9pt" align=right>(10,074</P>
</TD><TD valign=bottom width=16.533><P style="margin:0pt; line-height:11pt; font-size:9pt">)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-size:9pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:36pt; text-indent:-18pt; line-height:11pt; font-size:9pt">(1)</P>
<P style="margin:0pt; padding-left:36pt; line-height:11pt; font-size:9pt">Operations began in the fourth quarter of 1998 and amounts were insignificant for 1998.</P>
<P style="margin:0pt; padding-left:18pt; font-size:9pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:36pt; text-indent:-18pt; line-height:11pt; font-size:9pt">(2)</P>
<P style="margin:0pt; padding-left:36pt; line-height:11pt; font-size:9pt">Excludes 17.9 million pounds of cathodes produced during the start-up period from January through April 1999.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; text-indent:108pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=center>SIGNATURE</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:72pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:216pt" align=justify>FREEPORT-McMoRan COPPER &amp; GOLD INC.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:216pt" align=justify>By: \s\ C. Donald Whitmire, Jr.</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;----------------------------------------</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Donald Whitmire, Jr.</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Controller - </P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Reporting</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(authorized signatory and</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Accounting Officer)</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>Date: &nbsp;April 24, 2003</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<BR>
<P style="margin:0pt" align=center>7</P>
<P style="margin:0pt" align=justify><BR><BR></P>
</BODY>
</HTML>
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SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  April 24, 2003
FREEPORT-McMoRan COPPER & GOLD INC.
Delaware
1-9916
74-2480931
(State or other
(Commission
(IRS Employer
jurisdiction of
File Number)
Identification
incorporation or
Number)
organization)
1615 Poydras Street
New Orleans, Louisiana  70112
Registrant's telephone number, including area code:  (504) 582-4000
Item 5.
Other Events and Regulation FD Disclosure.
The following information is being provided by Freeport-McMoRan Copper & Gold Inc. to comply with Securities and Exchange Commission rules, which became effective on March 28, 2003.  The new rules require us to reconcile certain financial measures provided in our Annual Report on Form 10-K for the year ended December 31, 2002, to the most directly comparable measures in our audited financial statements.  Our reconciliations cover PT Freeport Indonesia's product revenues and production costs, and cathode cash production costs per pound of copper for Atlantic Copper and PT Smelting for the five years ended December 31, 2002.
PT FREEPORT INDONESIA PRODUCT REVENUES AND PRODUCTION COSTS
Net cash production costs per pound of copper is a measure intended to provide investors with information about the cash generating capacity of our mining operations in Indonesia.  This measure is presented by other copper and gold mining companies, although our measure may not be comparable to similarly titled measures reported by other companies.
We calculate gross profit per pound of copper under a "by-product" method, while the copper, gold and silver contained within our concentrates are treated as co-products in our financial statements.  We use the by-product method in our presentation of gross profit per pound of copper because (1) we believe the market views us as a copper company, (2) we produce and sell one product, concentrates, which contains all three metals and (3) there is no objective basis for specifically assigning our costs to revenues from the copper, gold and silver we produce in concentrates.  In the co-product method presentation below, we have allocated costs to the different products based on their relative revenue values for each period presented.  Presentations under both methods are presented below along with a reconciliation to amounts reported in FCX's consolidated financial statements.
Year Ended December 31, 2002
By-Product
Co-Product Method
(In Thousands)
Method
Copper
Gold
Silver
Total
Revenues
$
1,077,277
$
1,077,277
$
715,940
$
18,408
$
1,811,625
Site production and delivery
547,753
325,720
216,467
5,566
547,753
Gold and silver credits
(734,348
)
-
-
-
-
Treatment charges
278,504
165,611
110,063
2,830
278,504
Royalty on metals
24,532
14,588
9,695
249
24,532
Net cash production costs
116,441
505,919
336,225
8,645
850,789
Depreciation and amortization
218,716
130,059
86,435
2,222
218,716
Total production costs
335,157
635,978
422,660
10,867
1,069,505
Adjustments to prior period sales and for silver hedging
10,421
9,591
-
830
10,421
Gross profit
$
752,541
$
450,890
$
293,280
$
8,371
$
752,541
Pounds of copper sold (000)
1,522,300
1,522,300
Ounces of gold sold
2,293,200
Ounces of silver sold
4,116,100
Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):
Revenues
70.6
70.6
311.97
4.66
Site production and delivery
36.0
21.4
94.40
1.35
Gold and silver credits
(48.2
)
-
-
-
Treatment charges
18.3
10.9
48.00
0.69
Royalty on metals
1.6
1.0
4.23
0.06
Net cash production costs
7.7
33.3
146.63
2.10
Depreciation and amortization
14.4
8.5
37.69
0.54
Total production costs
22.1
41.8
184.32
2.64
Adjustments to prior period sales
0.9
0.8
0.24
0.01
Gross profit per pound/ounce
49.4
29.6
127.89
2.03
1
Reconciliation to Amounts Reported
(In Thousands)
Revenues
Production and Delivery
Depreciation and Amortization
Totals presented above
$
1,811,625
$
547,753
$
218,716
Less:  Treatment charges per above
(278,504
)
N/A
N/A
Royalty per above
(24,532
)
N/A
N/A
Other, primarily noncash costs
N/A
7,117
N/A
Adjustments per above
10,421
N/A
N/A
Mining and exploration segment
1,519,010
554,870
218,716
Smelting and refining segment
768,680
729,789
27,652
Eliminations and other
(377,228
)
(346,197
)
14,078
As reported in FCX consolidated financial statements
$
1,910,462
$
938,462
$
260,446
Year Ended December 31, 2001
By-Product
Co-Product Method
(In Thousands)
Method
Copper
Gold
Silver
Total
Revenues
$
968,484
$
968,484
$
710,835
$
15,995
$
1,695,314
Site production and delivery
542,699
310,028
227,550
5,121
542,699
Gold and silver credits
(726,830
)
-
-
-
-
Treatment charges
254,485
145,380
106,704
2,401
254,485
Royalty on metals
24,302
13,883
10,190
229
24,302
Net cash production costs
94,656
469,291
344,444
7,751
821,486
Depreciation and amortization
251,835
143,866
105,593
2,376
251,835
Total production costs
346,491
613,157
450,037
10,127
1,073,321
Adjustments to prior period sales and for
silver hedging
(2,413
)
(4,528
)
-
2,115
(2,413
)
Gross profit
$
619,580
$
350,799
$
260,798
$
7,983
$
619,580
Pounds of copper sold (000)
1,399,100
1,399,100
Ounces of gold sold
2,644,800
Ounces of silver sold
3,782,600
Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):
Revenues
69.0
69.0
269.24
4.80
Site production and delivery
38.8
22.2
86.04
1.35
Gold and silver credits
(51.9
)
-
-
-
Treatment charges
18.2
10.4
40.34
0.63
Royalty on metals
1.7
1.0
3.85
0.06
Net cash production costs
6.8
33.6
130.23
2.04
Depreciation and amortization
18.0
10.3
39.92
0.63
Total production costs
24.8
43.9
170.15
2.67
Adjustments to prior period sales
0.1
-
(0.48
)
(0.02
)
Gross profit per pound/ounce
44.3
25.1
98.61
2.11
Reconciliation to Amounts Reported
(In Thousands)
Revenues
Production and Delivery
Depreciation and Amortization
Totals presented above
$
1,695,314
$
542,699
$
251,835
Less:  Treatment charges per above
(254,485
)
N/A
N/A
Royalty per above
(24,302
)
N/A
N/A
Other, primarily noncash costs
N/A
3,159
N/A
Adjustments per above
(2,413
)
N/A
N/A
Mining and exploration segment
1,414,114
545,858
251,835
Smelting and refining segment
758,282
738,618
27,262
Eliminations and other
(333,530
)
(341,037
)
4,792
As reported in FCX consolidated financial statements
$
1,838,866
$
943,439
$
283,889
2
Year Ended December 31, 2000
By-Product
Co-Product Method
(In Thousands)
Method
Copper
Gold
Silver
Total
Revenues
$
1,136,997
$
1,136,997
$
530,920
$
17,030
$
1,684,947
Site production and delivery
595,545
401,872
187,654
6,019
595,545
Gold and silver credits
(547,950
)
-
-
-
-
Treatment charges
254,271
171,581
80,120
2,570
254,271
Royalty on metals
20,162
13,605
6,353
204
20,162
Net cash production costs
322,028
587,058
274,127
8,793
869,978
Depreciation and amortization
250,864
169,282
79,046
2,536
250,864
Total production costs
572,892
756,340
353,173
11,329
1,120,842
Adjustments to prior period sales and for silver hedging
2,585
1,977
-
608
2,585
Gross profit
$
566,690
$
382,634
$
177,747
$
6,309
$
566,690
Pounds of copper sold (000)
1,393,700
1,393,700
Ounces of gold sold
1,921,400
Ounces of silver sold
3,542,300
Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):
Revenues
81.6
81.6
276.06
4.98
Site production and delivery
42.7
28.8
97.67
1.70
Gold and silver credits
(39.3
)
-
-
-
Treatment charges
18.2
12.3
41.70
0.73
Royalty on metals
1.4
1.0
3.31
0.06
Net cash production costs
23.0
42.1
142.68
2.49
Depreciation and amortization
18.0
12.1
41.14
0.72
Total production costs
41.0
54.2
183.82
3.21
Adjustments to prior period sales
0.1
0.1
0.27
0.01
Gross profit per pound/ounce
40.7
27.5
92.51
1.78
Reconciliation to Amounts Reported
(In Thousands)
Revenues
Production and Delivery
Depreciation and Amortization
Totals presented above
$
1,684,947
$
595,545
$
250,864
Less:  Treatment charges per above
(254,271
)
N/A
N/A
Royalty per above
(20,162
)
N/A
N/A
Other, primarily noncash costs
N/A
12,562
N/A
Adjustments per above
2,585
N/A
N/A
Mining and exploration segment
1,413,099
608,107
250,864
Smelting and refining segment
768,814
734,083
27,989
Eliminations and other
(313,303
)
(329,228
)
4,703
As reported in FCX consolidated financial statements
$
1,868,610
$
1,012,962
$
283,556
3
Year Ended December 31, 1999
By-Product
Co-Product Method
(In Thousands)
Method
Copper
Gold
Silver
Total
Revenues
$
1,079,005
$
1,079,005
$
670,467
$
17,611
$
1,767,083
Site production and delivery
526,127
321,260
199,623
5,244
526,127
Gold and silver credits
(688,078
)
-
-
-
-
Treatment charges
272,843
166,602
103,522
2,719
272,843
Royalty on metals
23,014
14,053
8,732
229
23,014
Net cash production costs
133,906
501,915
311,877
8,192
821,984
Depreciation and amortization
259,372
158,376
98,411
2,585
259,372
Total production costs
393,278
660,291
410,288
10,777
1,081,356
Adjustments to prior period sales and for silver hedging
(8,928
)
(9,483
)
-
555
(8,928
)
Gross profit
$
676,799
$
409,231
$
260,179
$
7,389
$
676,799
Pounds of copper sold (000)
1,441,000
1,441,000
Ounces of gold sold
2,423,900
Ounces of silver sold
3,479,600
Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):
Revenues
74.7
74.7
276.53
5.21
Site production and delivery
36.5
22.3
82.36
1.51
Gold and silver credits
(47.8
)
-
-
-
Treatment charges
18.9
11.6
42.71
0.78
Royalty on metals
1.6
1.0
3.60
0.07
Net cash production costs
9.2
34.9
128.67
2.36
Depreciation and amortization
18.0
11.0
40.60
0.74
Total production costs
27.2
45.9
169.27
3.10
Adjustments to prior period sales
(0.5
)
(0.4
)
0.08
0.01
Gross profit per pound/ounce
47.0
28.4
107.34
2.12
Reconciliation to Amounts Reported
(In Thousands)
Revenues
Production and Delivery
Depreciation and Amortization
Totals presented above
$
1,767,083
$
526,127
$
259,372
Less:  Treatment charges per above
(272,843
)
N/A
N/A
Royalty per above
(23,014
)
N/A
N/A
Other, primarily noncash costs
2,513
7,992
N/A
Adjustments per above
(8,928
)
N/A
N/A
Mining and exploration segment
1,464,811
534,119
259,372
Smelting and refining segment
764,466
723,966
29,373
Eliminations and other
(341,949
)
(323,536
)
4,468
As reported in FCX consolidated financial statements
$
1,887,328
$
934,549
$
293,213
4
Year Ended December 31, 1998
By-Product
Co-Product Method
(In Thousands)
Method
Copper
Gold
Silver
Total
Revenues
$
1,033,221
$
1,033,221
$
634,852
$
18,116
$
1,686,189
Site production and delivery
456,828
279,924
171,996
4,908
456,828
Gold and silver credits
(652,968
)
-
-
-
-
Treatment charges
333,598
204,414
125,600
3,584
333,598
Royalty on metals
18,800
11,520
7,078
202
18,800
Net cash production costs
156,258
495,858
304,674
8,694
809,226
Depreciation and amortization
241,312
147,865
90,854
2,593
241,312
Total production costs
397,570
643,723
395,528
11,287
1,050,538
Adjustments to prior period sales
17,332
17,332
-
-
17,332
Gross profit
$
652,983
$
406,830
$
239,324
$
6,829
$
652,983
Pounds of copper sold (000)
1,419,500
1,419,500
Ounces of gold sold
2,190,300
Ounces of silver sold
3,412,300
Gross profit per pound of copper (cents)/ per ounce of gold and silver ($):
Revenues
72.8
72.8
290.57
5.29
Site production and delivery
32.2
19.7
78.53
1.44
Gold and silver credits
(46.0
)
-
-
-
Treatment charges
23.5
14.4
57.34
1.05
Royalty on metals
1.3
0.8
3.23
0.06
Net cash production costs
11.0
34.9
139.10
2.55
Depreciation and amortization
17.0
10.4
41.48
0.76
Total production costs
28.0
45.3
180.58
3.31
Adjustments to prior period sales
1.2
1.2
(0.72
)
0.02
Gross profit per pound/ounce
46.0
28.7
109.27
2.00
Reconciliation to Amounts Reported
(In Thousands)
Revenues
Production and Delivery
Depreciation and Amortization
Totals presented above
$
1,686,189
$
456,828
$
241,312
Less:  Treatment charges per above
(333,598
)
N/A
N/A
Royalty per above
(18,800
)
N/A
N/A
Other, primarily noncash costs
N/A
4,416
N/A
Adjustments per above
17,332
N/A
N/A
Mining and exploration segment
1,351,123
461,244
241,312
Smelting and refining segment
753,957
667,904
31,711
Eliminations and other
(347,948
)
(329,821
)
4,384
As reported in FCX consolidated financial statements
$
1,757,132
$
799,327
$
277,407
5
CATHODE CASH PRODUCTION COST PER POUND OF COPPER
Cathode cash production cost per pound of copper is a measure intended to provide investors with information about the costs associated with our smelting operations in Spain and with our 25 percent-owned smelting operations in Indonesia.  Other smelting companies present this measure, although our measure may not be comparable to similarly titled measures reported by other companies.
ATLANTIC COPPER.
Below is a reconciliation of our smelting and refining segment production costs reported in FCX's consolidated financial statements to the production costs used to calculate our cathode cash production cost per pound of copper for Atlantic Copper (in thousands, except per pound amounts):
Years Ended December 31,
2002
2001
2000
1999
1998
Smelting and refining segment production costs reported in FCX's consolidated financial statements
$
729,789
$
738,618
$
734,083
$
723,966
$
667,904
Less:
Raw material purchase costs
(330,516
)
(355,241
)
(424,798
)
(361,036
)
(332,645
)
Production costs of wire rod and wire
(48,953
)
(52,738
)
(29,766
)
(21,693
)
(32,163
)
Production costs of anodes sold
(9,264
)
(10,522
)
(6,450
)
(8,426
)
(9,501
)
Currency hedging
(1,168
)
(3,016
)
(16,441
)
(14,959
)
2,928
Other
(5,211
)
(5,295
)
(2,202
)
(5,097
)
(3,937
)
Add:
Gold and silver revenues
(250,766
)
(227,820
)
(175,858
)
(226,528
)
(204,799
)
Acid and other by-product revenues
(17,256
)
(13,301
)
(13,966
)
(16,016
)
(16,671
)
Production costs used in calculating cathode         cash production cost per pound
$
66,655
$
70,685
$
64,602
$
70,211
$
71,116
Pounds of cathode produced
552,200
518,700
567,900
556,600
544,800
Cathode cash production cost per pound before hedging
$0.12
$0.14
$0.11
$0.13
$0.13
PT SMELTING.
Below is a reconciliation of the production costs used to calculate PT Smelting's cathode cash production cost per pound of copper to our equity in PT Smelting earnings (losses) reported in FCX's consolidated financial statements (in thousands, except per pound amounts):
Years Ended December 31,
2002
2001
2000
1999 (1)
Production costs – PT Smelting (100%)
$
64,108
$
59,943
$
49,544
$
34,966
Add:   Gold and silver refining charges
4,263
5,724
3,029
1,892
Less:  Acid and other by-product revenues
(5,275
)
(7,915
)
(5,713
)
(3,330
)
Production cost of anodes sold
(4,148
)
(680
)
(3,042
)
(909
)
Production costs during start-up
-
-
-
(11,491
)(2)
Production cost used in calculating cathode cash production cost
$
58,948
$
57,072
$
43,818
$
21,128
Cathode production
424,100
468,400
349,200
182,200
(2)
Cathode cash production cost per pound
$
0.14
$
0.12
$
0.13
$
0.12
Reconciliation to Amounts Reported
Production costs per above
$
(64,108
)
$
(59,943
)
$
(49,544
)
$
(34,966
)
Other costs
(517,438
)
(599,502
)
(485,985
)
(302,193
)
Revenue and other income
565,788
639,862
482,123
296,863
PT Smelting net income (loss)
(15,758
)
(19,583
)
(53,406
)
(40,296
)
PT Freeport Indonesia's 25% equity interest
(3,940
)
(4,896
)
(13,352
)
(10,074
)
Amortization of excess investment cost
(241
)
(241
)
(241
)
-
Equity in PT Smelting earnings (losses) per FCX consolidated financial statements
$
(4,181
)
$
(5,137
)
$
(13,593
)
$
(10,074
)
(1)
Operations began in the fourth quarter of 1998 and amounts were insignificant for 1998.
(2)
Excludes 17.9 million pounds of cathodes produced during the start-up period from January through April 1999.
6
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
FREEPORT-McMoRan COPPER & GOLD INC.
By: \s\ C. Donald Whitmire, Jr.
----------------------------------------
C. Donald Whitmire, Jr.
Vice President and Controller -
Financial Reporting
(authorized signatory and
Principal Accounting Officer)
Date:  April 24, 2003
7