Slide 1Alexandre Kossoy Philippe Ambrosi Slide 2 2010: Overall market stalls 135 0.7 11 31 63 (in billion US$) 144 142 Slide 3 A global market driven by the EU ETS Slide…

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Alexandre Kossoy Philippe Ambrosi 2010: Overall market stalls 135 0.7 11 31 63 (in billion US$) 144 142 A global market driven by the EU ETS CDM market value halved again…

Slide 1 1 2 SILVER Primary Silver Producer 55% Ag, 36% Au, 9% Pb-Zn PRODUCER Two 100% owned mines in Mexico Unhedged Ag & Au UPSIDE Developing a satellite operation Pursuing…

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