All-in sustaining cost per silver payable ounce ("AISC") for the second quarter of 2014 decreased to US $24.73 from US $32.61 in the second quarter of 2013. The reduction is the result of the decrease in cash cost, sustaining capital expenditures, and a significant reduction in exploration and evaluation costs, compared with the second quarter of 2013.
All-in cost per silver payable ounce ("A.IC") for the second quarter of 2014 decreased to US $25.12 from US $34.20 in the second quarter of 2013, as a result of the same factors which reduced AISC.