VENEZUELA OPERATIONS
 Las Cristinas Tomi La Victoria
Crystallex’s producing mines are in Venezuela’s Bolivar State near the historic gold mining centre of El Callao.
During 2006, gold was produced from three deposits on the Tomi concession and from an open pit mine on the La Victoria concession. Ore from the Tomi and La Victoria mines is processed at the Company’s Revemin mill, which is located ten kilometres from the La Victoria mine and twenty one kilometres from the Tomi mines.
Revemin is a conventional carbon-in-leach mill with a capacity of 1,350 tonnes per day. In 2006, gold production in Venezuela was 47,345 ounces
2006 Key Operating Statistics
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2006 |
2005 |
2004 |
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Gold Production
(ounces) |
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Tomi Open Pits |
19,428 |
30,290 |
35,961 |
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Tomi Underground |
22,210 |
19,811 |
5,891 |
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La Victoria |
3,260 |
1,491 |
2,412 |
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Purchased Material |
2,247 |
1,586 |
4,709 |
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Total Gold Production
(ounces)
Gold Sold (ounces)
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47,345
48,570
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53,178
55,217
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48,973
49,478
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Per Ounce Data
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Total Cash Cost1 |
$552 |
$401 |
$365 |
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Average Realized
Gold Price
Average Spot Price |
$578
$604 |
$453
$445 |
$409
$410 |
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Gold Reserves2(ounces)
Operating Mines
Las Cristinas |
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14,006,000
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38,100
13,594,000
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90,400
12,849,000
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Revemin Mill |
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Total Ore Processed3(tonnes) |
367,667 |
418,414 |
443,504 |
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Head Grade of Ore
Processed (g/t) |
4.4 |
4.2 |
3.7 |
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Total Recovery Rate (%) |
92% |
94% |
93% |
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Total recovered (ounces) |
47,345 |
53,178 |
48,973 |
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Mine Operating Cash Flow4 ($000s) |
$1,300 |
$ 2,235 |
$ 2,208 |
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Capital Expenditures ($000s)
Mine Cash Flow After Capital5 ($000s) |
----
$1,300 |
$856
$1,379 |
$9,900
($7,692) |
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1 For an explanation, refer to the section on Non-GAAP measures. The calculation is based on ounces of gold sold.
2Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities.
3Ore from Tomi, La Victoria and purchased material is processed at the Company’s Revemin mill.
4Mining Revenue less Operating Expenses (adjusted for non-cash items and excludes exploration costs of $621,000 in 2006). This is a non-GAAP item.
5Capital Expenditures at the El Callao operating mines, excludes Las Cristinas. Since the second quarter of 2005, all costs at the El Callao operations have been expensed due to the short reserve life of these mines.
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