| Peru                                         |  |  125,171 |  |   48,147 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Mexico                                       |  |       15 |  |   47,919 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Belgium                                      |  |    6,011 |  |   22,415 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Canada                                       |  |   50,465 |  |    9,606 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Germany                                      |  |   54,570 |  |    9,370 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Switzerland                                  |  |   66,883 |  |        - |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| United Kingdom                               |  |        - |  |    8,202 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Chile                                        |  |       33 |  |    1,270 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
|                                              |  |  433,779 |  |  305,021 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Inter-segment                                |  |          |  |          |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Peru                                         |  |   25,164 |  |        - |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Mexico                                       |  |    4,455 |  |        - |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
|                                              |  |  463,398 |  |  305,021 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
 
The allocation of revenue based on the country in which the asset is located is 
as follows. 
+----------------------------------------------+--+----------+--+----------+--+ 
|                                              |  |Year ended 31 December  |  | 
+----------------------------------------------+--+------------------------+--+ 
|                                              |  |  2008    |  |  2007    |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
|                                              |  |        US$(000)        |  | 
+----------------------------------------------+--+------------------------+--+ 
| External customer                            |  |          |  |          |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Peru                                         |  |  319,516 |  |  303,377 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Argentina                                    |  |   88,891 |  |  1,270   |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Mexico                                       |  |   25,372 |  |      374 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
|                                              |  |  433,779 |  |  305,021 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Inter-segment                                |  |          |  |          |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Peru                                         |  |    2,359 |  |        - |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Mexico                                       |  |    4,455 |  |        - |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
| Argentina                                    |  |   22,805 |  |        - |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
|                                              |  |  463,398 |  |  305,021 |  | 
+----------------------------------------------+--+----------+--+----------+--+ 
(b)    Profit/(loss) for the year from continuing operations 
 
        Profit/(loss) for year is based on country of operation as follows: 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
|              |  |        Year ended 31 December 2008        |  |        Year ended 31 December 2007        |  | 
+--------------+--+-------------------------------------------+--+-------------------------------------------+--+ 
|              |  |   Before    |  |Exceptional  |  |  Total  |  |   Before    |  |Exceptional  |  |  Total  |  | 
|              |  |exceptional  |  |    items    |  |         |  |exceptional  |  |    items    |  |         |  | 
|              |  |    items    |  |             |  |         |  |    items    |  |             |  |         |  | 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
|              |  |                                        US$(000)                                          |  | 
+--------------+--+------------------------------------------------------------------------------------------+--+ 
| Peru         |  |      71,070 |  |     (14,111 | )|  56,959 |  |      94,415 |  |       2,454 |  |  96,869 |  | 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
| Cayman       |  |           - |  |           - |  |       - |  |          68 |  |         393 |  |     461 |  | 
| Islands      |  |             |  |             |  |         |  |             |  |             |  |         |  | 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
| Argentina    |  |     (13,925 | )|         (29 | )| (13,954 | )|      (5,689 | )|           - |  |  (5,689 | )| 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
| Mexico       |  |      (8,249 | )|     (20,776 | )| (29,025 | )|     (11,403 | )|          -  |  | (11,403 | )| 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
| Chile        |  |      (5,593 | )|           - |  |  (5,593 | )|      (2,718 | )|           - |  |  (2,718 | )| 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
| USA          |  |         (10 | )|          (7 | )|     (17 | )|      (1,212 | )|           8 |  |  (1,204 | )| 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
| United       |  |     (11,613 | )|     (10,271 | )| (21,884 | )|       3,919 |  |         680 |  |   4,599 |  | 
| Kingdom      |  |             |  |             |  |         |  |             |  |             |  |         |  | 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
|              |  |      31,680 |  |     (45,194 | )| (13,514 | )|      77,380 |  |       3,535 |  |  80,915 |  | 
+--------------+--+-------------+--+-------------+--+---------+--+-------------+--+-------------+--+---------+--+ 
 
 
+--------+------------------+ 
| 3      | Acquisitions     | 
+--------+------------------+ 
| (a)    | Acquisition      | 
|        | of jointly       | 
|        | controlled       | 
|        | assets           | 
+--------+------------------+ 
|        | Liam             | 
+--------+------------------+ 
|        | On 20            | 
|        | August           | 
|        | 2008,            | 
|        | the              | 
|        | Group            | 
|        | signed           | 
|        | an               | 
|        | assignment       | 
|        | agreement        | 
|        | with             | 
|        | Newmont          | 
|        | Peru             | 
|        | Limited          | 
|        | ('Newmont')      | 
|        | by which         | 
|        | Newmont          | 
|        | assigned         | 
|        | all of its       | 
|        | rights to        | 
|        | acquire,         | 
|        | explore and      | 
|        | exploit,         | 
|        | under its        | 
|        | Venture          | 
|        | Agreement        | 
|        | with             | 
|        | Southwestern     | 
|        | Resources        | 
|        | Corp.            | 
|        | ('Southwestern') | 
|        | the Liam         | 
|        | properties       | 
|        | located in Peru, | 
|        | and transferred  | 
|        | its 50% interest | 
|        | in the joint     | 
|        | venture with     | 
|        | Southwestern, to | 
|        | the Group for a  | 
|        | consideration of | 
|        | US$33,333,333.   | 
+--------+------------------+ 
|        | Under            | 
|        | the              | 
|        | terms            | 
|        | of the           | 
|        | agreement,       | 
|        | the Group        | 
|        | and              | 
|        | Southwestern     | 
|        | will each        | 
|        | contribute       | 
|        | 50% of the       | 
|        | exploration      | 
|        | funding. In      | 
|        | addition,        | 
|        | when the         | 
|        | technical        | 
|        | committee        | 
|        | determines       | 
|        | that any of      | 
|        | the              | 
|        | properties       | 
|        | or group of      | 
|        | properties       | 
|        | constitutes      | 
|        | a viable         | 
|        | project, a       | 
|        | new company      | 
|        | will be          | 
|        | incorporated     | 
|        | and the          | 
|        | Group may        |
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