In the third quarter of 2009, ECU's oxide mill processed 44,062 tonnes grading 2.24 g/t gold and 73 g/t silver. The contained metal in this ore was thus 3,174 oz gold and 103,425 oz silver. The dore bar production for the quarter was 1,738 oz gold and 41,457 oz silver. The recoveries thus were 54.7% for the gold and 40.1% for the silver.

In the third quarter of 2010, ECU's oxide mill processed 43,771 tonnes grading 2.36 g/t gold and 88 g/t silver. The contained metal in this ore was thus 3,321 oz gold and 123,854 oz silver. The dore bar production for the quarter was 1,950 oz gold and 66,668 oz silver. The recoveries were thus 58.7% for the gold and 53.8% for the silver.

These % increases may appear minor to some, but they accounted for increased sales of 133 oz gold and 16,968 oz silver in the dore bar alone. This is about an increase of $465,000 for the 2010 quarter.

Based on Michel's recent comments, he is certain these % recoveries will be further improved. From what I understand, we had some recovery reduction early in Q3 due to the copper content again and that the issue has been corrected.

The last week or two, we have seen what happens to ECU's stock price when someone wants to buy our stock in size. ECU's mining operation has now been profitable for 2 quarters, though the company is still losing a small amount due to relativently high corporate costs compared to production. Soon, increased production and metal prices will zoom past costs and everyone will want to buy ECU because of our profitability and huge resource.