(1) Includes 100% of Penmont mines, excludes Silverstream (2) Primary silver producer (3) Includes minority partners (4) Reported metallic silver production (5) Estimate (6) Includes 100% from Pallancata, includes Moris (7) Mined silver (8) Metal in concentrate (9) Integrated refined metal (10) Excludes 100% of Fresnillo | Based on average 2015 price of $15.68/oz and average 2016 price of $17.14/oz