The Chapada open pit gold-copper mine located northwest of Brasília in Goiás State began commercial production in 2007. Annual capacity of the flotation plant was increased to 22 million tonnes in 2010, a 10 percent increase over 2009 and 38 percent higher than the feasibility study throughput level. Early in 2011, the mine plan was updated to maintain the increased throughput level for the next 15 years with the integration of output from the Suruca gold deposit. Suruca is expected to start contributing to production in 2014. Suruca is located six kilometers northeast of Chapada and was discovered in 2009.

Production	2010	2011E	2012E
Gold (oz.)	135,613	130-140,000	125-140,000
Cash cost (per oz.)	$327
By-product cash cost (per oz.	$(2,073)
Copper (million lb.)	149	145 - 160	140 - 160
Cash cost (per lb. of copper)	$1.17

Mineral Reserves and Mineral Resources

Gold 3.1 million oz. proven &probable + 2.5 million oz. measured & indicated
Copper 2.1 billion lb. proven & probable + 1.4 billion lb. measured & indicated