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2018 Guidance

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2018 Outlook: Higher Production, Lower Costs

  • Silver equivalent production to increase +20% from 2017
  • Improved Cash Costs & AISC in 2018
  • Increased Capital Budget due to development of El Compas & high grade ore bodies at Guanacevi
  • Decreased exploration budget due to shift towards development
$ millions unless otherwise stated, US dollars Guanacevi Bolanitos El Cubo El Compas ⁽¹⁾ Consolidated
Silver Production (M oz) 2.2 - 2.5 1.0 - 1.1 2.5 - 2.7 0.1 - 0.1 5.8 - 6.4
Gold Production (K oz) 5.0 - 5.5 23.5 - 25.5 22.5 - 24.5 7.0 - 8.5 58.0 - 64.0
Silver Eq Production (M oz) ⁽²⁾ 2.6 - 2.9 2.8 - 3.0 4.2 - 4.5 0.6 - 0.8 10.2 - 11.2
Cash Costs, net of gold by-products (US$/oz) ⁽³⁾⁽⁴⁾ $6.00 - $7.00
AISC, net of gold by-products (US$/ oz) ⁽³⁾⁽⁴⁾ $15.00 - $16.00
Sustaining Capital $41.1
Growth Capital $7.3
Exploration Budget $11.1
  1. El Compas is scheduled to achieve commercial production by the end of July 2018.
  2. Gold ounces converted to silver equivalent ounces on a 75:1 ratio in 2018
  3. Cash costs per ounce and AISC per ounce are examples of Non-IFRS measures. See disclosure in quarterly MD&A for information on “Non-GAAP” measures found on the company website.
  4. See EDR News Release dated January 25, 2018 for full disclosure on 2018 Guidance; 2018 costs forecasts reflect an 19:1 Mexican Peso per US Dollar exchange rate, $17/ oz Ag & $1,275/ oz Au price assumption.