Results of Operations

Year Ended December 31, 2016

  Ounces produced2 Ounces sold Average realized
price
(US$'s
per
ounce)
Average cash
cost
(US$'s
per
ounce)3
Average
Depletion
(US$'s Per
Ounce)
SALES   (US$'S)   Net earnings 
(US$'s)
Cash flow
from
(used in)
operations
(US$'s)
Total assets
Silver



   


San Dimas  5,212 5,407 $ 17.00 $ 4.26 $ 1.11 $ 91,929 $ 62,918 $ 68,898 $ 140,575
Peñasquito 5,034 4,183 17.02 4.09 3.05 71,196 41,315 54,085 418,077
Antamina6,796 7,167 16.873.37 9.94120,916 25,50796,736 815,806
Constancia 2,759 2,424 16.93 5.90 7.41 41,019 8,762  26,926 275,971
Other 4 10,578 9,149 16.98 5.10 4.68 155,281 65,876 110,364 785,570
  30,379 28,322 $ 16.96 $ 4.42 $ 5.32 480,341 $ 204,378 $ 357,009 $ 2,435,999
Gold



   


Sudbury 5 44,756  42,835  1,246  400  787  $ 53,384   $ (68,465)  36,281  401,535 
Salobo  213,597  204,451  1,240  400  398  253,582 90,371  171,802  2,904,835 
Constancia14,945 15,282 1,230 400 409  18,792 6,425 12,693 125,670 
Other 6  80,405  67,441  1,267  358  542  85,458 24,712  66,527  51,233 
  353,703  330,009  $ 1,246  $ 391  $ 479  $ 411,216 $ 53,043  $ 287,303  $ 3,483,273 
Operating results           $891,557 $ 257,421 $ 644,312 $ 5,919,272
Corporate costs



   


   General and administrative


   $ (34,439)
$ (32,563) 

   Interest expense        (24,193) (23,317)   
   Other        $ (4,982) (4,131)   
   Income tax recovery    1,330   
Total corporate



   $ (62,284) $ (60,011) $ 234,047
             $ 195,137 $ 584,301 $ 6,153,319
  1. All figures in thousands except gold ounces produced and sold and per ounce amounts.
  2. Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions.  Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available.  Certain production figures may be updated in future periods as additional information is received.
  3. Refer to discussion on non-IFRS measures at the end of the Q4 and Year End results news release.
  4. Comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Cozamin, Neves-Corvo, Stratoni, Minto, and 777 silver interests in addition to the non-operating Keno Hill, Rosemont, Aljustrel, Loma de La Plata and Pascua Lama silver interests.
  5. Comprised of the operating Coleman, Copper Cliff, Garson, Stobie, Creighton and Totten gold interests in addition to the non-operating Victor gold interest.
  6. Comprised of the operating Minto and 777 gold interests in addition to the non-operating Rosemont gold interest.

Quarter Ended Dec 31, 2016

  Ounces Produced2 Ounces Sold Average
Realized
Price
($'s Per Ounce)
Average
Cash Cost
($'s Per
Ounce)3
Average
Depletion
($'s Per
Ounce)
Sales Net
Earnings
Cash Flow
From
Operations
Total Assets
Silver  
 
 
 
 
  
 
 
San Dimas 1,429 1,571 $ 16.54 $ 4.28 $ 1.11 $ 25,975 $17,516 $19,253 $ 140,575
Peñasquito 1,328 1,270 17.33 4.09 3.05 22,016 12,941 16,819 418,077
Antamina1,5991,488 16.76 3.31 9.9424,941  5,22220,010815,806
Constancia72370217.295.907.4112,129   2,7888,192 275,971
Other 4 2,510 2,475 17.03 5.45 5.61 42,149 14,759 29,555 785,570
 Total Silver  7,589 7,506 $ 16.95 $ 4.59 $ 5.26 $ 127,210 $ 53,226 $ 93,829 $ 2,435,999
          
Gold  
 
 
 
 
  
 
 
Sudbury 5 11,028 10,183 $ 1,193 $ 400 $ 787 $ 12,149 $ (70,939) $ 8,107 $ 401,535
Salobo  71,328 73,646 1,198 400 382 88,200  30,609 58,742 2,904,835
Constancia3,151 3,343 1,214 400 4094,059 1,3542,735 125,670
Other 6  21,825 21,759 1,235 343 522 26,873 8,061 24,349 51,233
 107,332 108,931 $ 1,205 $ 389 $ 449 $ 131,281 $ (30,915) $ 93,933 $ 3,483,273
Operating Results      $ 258,491 $ 22,311 $ 187,762 $ 5,919,272
                  
Corporate costs  
 
 
 
 
  
 
 
General and administrative             
 
 
 
 $ (4,124) $ (5,662) 
 
Interest expense        (6,664)(6,839)  
Other            (844) 559   
Income tax recovery       186  
Total corporate costs            $ (11,446) $ (13,060) $ 234,047
           
$ 10,865 $ 174,702 $ 6,153,319
  1. All figures in thousands except gold ounces produced and sold and per ounce amounts.
  2. Ounces produced represent the quantity of silver and gold contained in concentrate or doré prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the silver or gold interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received.
  3. Refer to discussion on non-IFRS measures in the financials
  4. Comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Neves-Corvo, Cozamin, Stratoni, Minto, 777, Lagunas Norte, Pieriena, and Veladero silver interests in addition to the non-operating Aljustrel, Keno Hill, Pascua Lama, Rosemont and Loma de La Plata silver interests.
  5. Comprised of the operating Coleman, Copper Cliff, Garson, Stobie, Creighton and Totten gold interests in addition to the non-operating Victor gold interest.
  6. Comprised of the operating Minto and 777 gold interests in addition to the non-operating Rosemont gold interest.

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