Financial result for 2008:


The Company's revenue for 2008 was $70.3 million from 97,582 ounces of gold sold at a realized price of $720 per ounce (2007 - $3.5 million from 5,922 ounces sold at $590 per ounce).


Net loss for the year was $72.2 million (2007 - $32.2 million). Main contributors to the loss were stock-based compensation of $22.8 million (2007 - $16.8 million), impairment of mineral properties of $19.3 million (2007 - $0.3 million) which from this amount $13.5 million relates to the Company's Minoro mineral property in Honduras which the Company does not currently plan to pursue exploration work on in the near future, general and administrative expenses other than stock-based compensation of $19.7 million (2007 - $14.4 million) and loss from mine operations of $11.3 million (2007 - $4.6 million) which mining amortization of $17.5 million (2007 - $0.2 million) is a main component.