SUITE
860
- 625
HOWE STREET
VANCOUVER, BC
V6C 2T6 CANADA TEL:
(604) 687-7545 FAX: (604) 689-5041
PRESS
RELEASE
FOR IMMEDIATE
RELEASE
February 25, 2008
#08-08
Sherwood Reports 2007 Production Results & 2008
Production Estimate for Minto
Mine
Higher Production Increases Exposure to Current High
Metal Prices while Downside is
Protected
VANCOUVER, BRITISH COLUMBIA -
Sherwood Copper Corporation (SWC: TSX-V)
today announced its operating results for 2007, which included production of 9.66 million pounds of copper in
concentrate including 5.35 million pounds of copper in the fourth quarter of
2007. This production level is less than set out in the 2006
detailed feasibility study (?DFS?) but in line with revised forecasts set out in
the 2007 pre-feasibility study
(?PFS?) as a result of decisions to (1) process lower grades during the commissioning and
ramp up of the mill in order to avoid unnecessary metal losses until recoveries
reached design levels and, (2) to construct the Phase 2 mill expansion earlier
than contemplated in the DFS, resulting in some production being deferred into 2008 as the plant
expansion was constructed and tied in.
In addition, Sherwood announced its production estimate for 2008 of approximately 55 million pounds of payable copper and
24,000 oz of payable gold, significantly higher than projected in its 2006 DFS, as a result of (1)
completing the Phase 2 mill expansion earlier than planned and (2) further
optimization of the open pit schedule for 2008, resulting in higher grade ore
being processed sooner. In fact, for the next several months,
grades mined from the pit are forecast to exceed 4% copper, but mill feed will
likely be capped at 4% copper in order to not overload the circuit with too much
concentrate.
?Our copper & gold production from the
high grade Minto copper-gold mine was very close to the revised target for the
entire year and in the first quarter of commercial production,? said
Stephen Quin, President &
CEO. ?This is a tremendous
achievement for our operating personnel, especially given the challenges inherent in commissioning a new mine and in tying in the Phase 2 mill expansion
while still operating the mine,? he added.
?Further, Sherwood has been successful in advancing a number of project
optimizations to the point that they could be brought into our production plans,
boosting metal production estimates for 2008 and beyond. Additional opportunities for further
enhancements and increases in production are still being evaluated as part of
Sherwood?s relentless pursuit of value.?
Sherwood
Objectives
Sherwood?s objective for the Minto Mine is
twofold: firstly to aggressively increase reserves and production in a staged manner, resulting in a natural
dehedging through increased production and, secondly, to continually optimize and
improve the production profile and costs of operation through its relentless
pursuit of value. In both of these
areas, Sherwood has made considerable progress since the DFS was published in mid-2006, but
continues to strive to extract maximum value from its Minto Mine to the benefit
of all stakeholders, as discussed below.
In addition, Sherwood recently acquired a controlling interest in Western
Keltic Mines, which owns the high grade Kutcho copper-zinc-silver-gold
project in NW British Columbia. Based on what is a very similar scale of
project, this acquisition
provides Sherwood with the
opportunity to repeat its experience at Minto to repeat the successful
optimization, construction and operation at
Kutcho.
Forward
Sales
As a result of the expanded production profile outlined in the recently completed PFS,
forward sales now account for approximately 50% of the next four years
production and approximately 32% of current life-of-mine
production. This represents a marked decrease in forward sales from the
previously forecast 75% of its metal
production in the first four years
based on production levels set out in
the original DFS. A decrease in
forward sales provides Sherwood with
increased exposure to current high spot prices for copper, gold and silver. The percentage forward sold excludes any
consideration of potential production
from the Kutcho project, which is
entirely unhedged. Details of the
current forward sales positions on a quarterly basis are attached to this
press
release.
2007 Operating
Results
Key operating statistics for the Minto Mine in the third
and fourth quarters of 2007, and for the entire year (including waste stripping
for the entire 12 months and limited concentrate production in the second quarter of 2007), are
presented below. All costs and production prior to October 1, 2007 were capitalized, and
commercial operations commenced on October 1,
2007.
|
Q3/2007 |
Q4/2007 |
Total
2007* |
Tonnes
mined |
2,836,571 |
2,299,882 |
14,919,032 |
- Ore |
495,870 |
131,162 |
700,398 |
-
Waste** |
2,340,701 |
2,168,720 |
***14,218,634 |
Ore grade
|
|
|
|
- Copper
(%) |
1.69% |
2.02% |
1.70% |
- Gold
(g/t) |
0.45 |
0.61 |
0.45 |
- Silver
(g/t) |
7.0 |
7.6 |
6.8 |
Mill
throughput |
|
|
|
- Tonnes
processed |
117,382 |
100,811 |
238,446 |
- Copper grade
(%) |
1.90% |
2.57% |
2.16% |
- Gold grade
(g/t)** |
N/A |
N/A |
N/A |
- Silver grade
(g/t) |
6.9 |
9.1 |
7.7 |
Recoveries |
|
|
|
-
Copper |
78.1% |
93.7% |
85.1% |
-
Gold* |
N/A |
N/A |
N/A |
-
Silver |
68.6% |
87.7% |
77.5% |
Concentrate |
|
|
|
- Tonnes produced
(dmt) |
4,965 |
7,086 |
12,630 |
- Copper grade
(%) |
35.1% |
34.3% |
34.7% |
- Gold grade
(g/t)* |
N/A |
N/A |
N/A |
- Silver grade
(g/t) |
112.4 |
113.8 |
113.0 |
Contained Metal |
|
|
|
- Copper
(lbs) |
3,837,143 |
5,350,602 |
9,662,003 |
- Gold
(oz)* |
N/A |
N/A |
N/A |
- Silver
(oz) |
17,940 |
25,932 |
45,890 |
* From June ? December 2007
inclusive,
except the mining quantities are inclusive of
all pit production
through the end of
2007
** Gold is not assayed on
site, resulting in a significant lag in receiving this
data.
*** Includes capitalized
pre-stripping treated as
pre-production costs in the
DFS.
The key points related to the 2007 and early 2008
production are as follows:
v
Copper recoveries are now averaging 93-94%
on a consistent basis with individual days as high as 98% versus plan of 90-93%,
while concentrate grades have averaged 37% versus plan of 30-33% during
commissioning of the Phase 2 expansion.
v
As previously disclosed through 2007, mill throughput
was hampered in the early months of operation by poor mechanical performance of
the flotation cells and limitations in the tailings and concentrate
filtration. By year-end 2007, these
issues had been resolved and the plant is currently ramping up to full capacity
of 2,400 tonnes per day, with minor on-going tie-ins completed in January and
February 2008. In the meantime,
when throughput is less than full capacity, higher than planned grade has been
fed to the mill (2.6 - 2.9% versus 1.9 - 2.0% planned) so that copper metal
production in each of December 2007
and January 2008 have met
budget.
v
Reconciliation of ore mined during 2007,
based on blast hole assays, suggest approximately 18-20% more tonnes of ore at similar
grades as compared to those estimated in the reserve block model used in the DFS
and PFS. This upside was an
opportunity identified in the 2006 DFS.
The higher tonnages are an encouraging trend, but no definitive
conclusions can be made until additional data is generated throughout the
reserves.
v
Stripping at the Minto pit is accelerated in
the early years and decreases thereafter, as set out in the
PFS.
v
Sherwood currently has more than 13,000 dmt
of concentrate stored between the Skagway ore terminal and its on-site storage
facility at Minto, with a ship scheduled to pick up approximately 10,000 tonnes
of concentrate in early March.
Production Outlook & Forward
Sales
As announced December 12, 2007, Sherwood reported details
of an independent pre-feasibility
(?PFS?) for the Minto Mine that incorporated a Phase 3 expansion of the mill
commencing in 2009 and the mining of the Area 2 deposit commencing in 2011. The following table summarizes the
estimated payable metal production
set out in the PFS and the quantities forward sold. This combination provides significant
downside protection but considerable upside opportunity as production plans
increase.
|
|
Pre-Feasibility Study (Dec.
2007) |
|
|
|
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
Total/Ave. |
|
|
|
|
|
|
|
|
|
|
|
Payable
Copper |
000's lbs
Cu |
57,155 |
51,778 |
81,666 |
42,491 |
44,527 |
23,501 |
37,833 |
8,951 |
347,903 |
-
Copper Forwards |
000's lbs
Cu |
25,190 |
32,825 |
27,798 |
24,251 |
|
|
|
|
110,064 |
-
Average forward pricing |
US$/lb |
$2.85 |
$2.49 |
$2.19 |
$2.41 |
|
|
|
|
2.5 |
-
Uncommitted copper |
000's lbs
Cu |
31,965 |
18,954 |
53,868 |
18,240 |
44,527 |
23,501 |
37,833 |
8,951 |
237,839 |
-
Copper committed
(%) |
|
44.1% |
63.4% |
34.0% |
57.1% |
0.0% |
0.0% |
0.0% |
0.0% |
31.6% |
|
|
|
|
|
|
|
|
|
|
|
Payable
Gold |
Oz
Au |
24,504 |
18,662 |
35,455 |
21,059 |
19,998 |
8,670 |
14,982 |
2,567 |
145,897 |
- Gold
Forwards |
Oz
Au |
12,126 |
14,424 |
14,025 |
13,520 |
|
|
|
|
54,095 |
-
Average forward pricing |
US$/oz |
$653 |
$653 |
$653 |
$718 |
|
|
|
|
$669.45 |
-
Uncommitted Gold |
Oz
Au |
12,378 |
4,238 |
21,430 |
7,539 |
19,998 |
8,670 |
14,982 |
2,567 |
91,802 |
- Gold
committed (%) |
|
49.5% |
77.3% |
39.6% |
64.2% |
0.0% |
0.0% |
0.0% |
0.0% |
37.1% |
|
|
|
|
|
|
|
|
|
|
|
Payable
Silver |
000's oz
Ag |
262.1 |
262.4 |
436.1 |
195.5 |
180.7 |
96.4 |
122.4 |
32.3 |
1,588 |
-
Silver Forwards |
000's oz
Ag |
162.8 |
156.6 |
132.0 |
151.4 |
|
|
|
|
603 |
-
Average forward pricing |
US$/oz |
$11.88 |
$11.90 |
$11.90 |
$13.50 |
|
|
|
|
$12.30 |
-
Uncommitted Silver |
000's oz
Ag |
425 |
419 |
568 |
347 |
181 |
96 |
122 |
32 |
2,191 |
-
Silver committed
(%) |
|
62.1% |
59.7% |
30.3% |
77.5% |
0.0% |
0.0% |
0.0% |
0.0% |
38.0% |
Achievement of production levels set out in the PFS in 2008 is
dependent on achieving and maintaining design grades, throughput and recoveries,
but is achievable with existing permits, while the production levels in years 2009 and beyond are also
dependent on amendments to operating permits to increase mill throughput and
permit mining the Area 2 deposit.
These forecasts take no account of exploration success in 2007 or the
acquisition of the Kutcho project,
which could result in increased unhedged production in future
years.
An unusually long period of cold weather (minus 40
centigrade or below) in January and the first half of February did affect mining
operations but, with more than 500,000 tonnes of ore stockpiled, the impact on
milling operations was reduced. On
the processing front, the very cold
primarily affected crusher operations
leading to occasional shortages of feed for the mill, but operations were able
to adjust by feeding higher grade ore to the mill, mitigating the impact on
January production and, to a lesser
extent, February?s production. However, sufficient high grade ore is
expected to be available from the pit to allow overall 2008 goals to be met.
A redesign of the crusher feed
mechanism during the summer of 2008 should prevent this from being an issue going
forward.
Sherwood also advises that the first and last quarters
are projected to be lowest production quarters in 2008 due to the ore release
schedule from the pit and, in the case of the first quarter, completion of
commissioning and ramp-up to full Phase 2 mill capacity during the
quarter.
Continued
Optimization
As reported in the 2006 DFS, a number of opportunities to
further optimize the Minto project
beyond what was established in the DFS were identified. Since that study, a number of these
opportunities have been incorporated and were addressed in the recent PFS, while
several others are ready to implement and others are a matter of on-going
work. The list following identifies
these opportunities and updates the status on
each.
1.
Accelerate Phase 2 mill
expansion to 2,400 tonnes per
day of throughput. Construction was
completed at the end of December, more than six months ahead of the feasibility
schedule and commissioning is in progress with sustained tonnages of over 2,000 tonnes
per day achieved to date. Included
in the PFS.
2.
Access grid
power replacing more expensive diesel
power. Construction of the power
line commenced late 2007 and is scheduled for completion before the end of
2008. Line clearing and route
survey is well advanced. Included
in the PFS.
3.
Reduce waste
stripping by steepening the
pit walls. A geotechnical program completed in early 2007 has
allowed steepened pit walls to be utilized since mid-2007. Included in the
PFS.
4.
Utilization of coarser
grinding in the mill,
allowing increased throughput for minimal capital expenditures. Extensive metallurgical bench scale test
work in 2007 confirmed that mill throughput can be increased significantly by
utilizing a coarser grind with minimal impact on recoveries, which is the basis
for the Phase 3 mill expansion to 3,500 tonnes per day incorporated in the
PFS. Full scale testing of coarser
grinding in the Minto mill will likely occur in 2008.
5.
Rescheduled
mining of the open pit
bringing grade (and therefore higher metal production) forward. Given the northern part of the pit has
higher copper grades, significantly higher precious metal grades and higher
recoveries, and generates a higher grade concentrate (resulting in lower transportation and smelting costs per unit of metal), combined with current high
metal prices, developing the pit northward in the early years from the initial
cut, as opposed to southward, is expected to result in higher metal production
and increased profitability. A
preliminary version of a rescheduled pit is used in the PFS, resulting in
increased production in 2008 vs. the DFS (from grade alone, assuming no
throughput increase) and in 2009 and 2010 from a combination of higher grade and
higher throughput. An additional
iteration of this mining plan is currently being reviewed, with the objective of
moving some of the exceptionally high grade production in 2010 forward into late
2008 and 2009.
6.
Benefit from positive reserve
reconciliation. As noted above, the blast hole assay data
suggests approximately 18-20% more
ore tonnes mined to date versus the reserve block model used in the DFS and
PFS. This is likely due to
undersampling of historic core and a number of other factors and was identified
as an opportunity in the DFS. The
trend observed to date will continue to be monitored and has not been
incorporated in the PFS; Sherwood views this as an unquantified upside
opportunity.
7.
Increased
reserves. Given the ability to increase mill
throughput for minimal capital, the single biggest opportunity to increase value
of the Minto Project is to add reserves.
The 2006 Area 2 discovery was incorporated into the PFS, but the
exploration successes of 2007 at Area 118, the southeast corner of Area 2 and
Ridgetop offer near term potential for resource additions which were not included in the PFS. Resource
estimates are in process for these
areas, and additional drilling in planned in 2008 to more fully evaluate the
potential of these and to drill test other
areas.
8.
Improved copper recoveries in the southern pit
area. In the DFS, copper recovery for a
limited amount of tonnage in the southern area of the Minto pit was assumed to
be 75% in the DFS based on historic test work. Based on bench scale test work
conducted during 2007 the recovery for this material has been increased to 85%
in the PFS. Further metallurgical
test work conducted in 2007 on all other ore in the pit, aside from this one
area, yielded recoveries in the 93-94% range, as used in the
PFS.
9.
Gravity gold
recovery. In addition to a base recovery of
approximately 74% assumed in the DFS, coarse visible gold has been observed in
core during 2006-2007 drilling and a field trial of a gravity gold recovery
circuit is planned for mid- to late 2008.
This opportunity has not been incorporated in the PFS.
10.
Waste dump
relocation. The PFS identified possible alternative
locations for the waste rock dumps, which could reduce waste haulage costs. In order to determine the viability of
these alternatives, geotechnical drilling is required, which will commence
before the end of February. These
geotechnical holes will be extended into bedrock to test buried geophysical
targets that could represent additional mineralization not previously
evaluated.
Kutcho
Project
Now that Sherwood has acquired 91.7% ownership of Western
Keltic Mines, owner of the high grade Kutcho copper-zinc-gold-silver deposit in
northwestern British
Columbia, Sherwood has begun its process of reassessing the development options for
the deposit. Sherwood?s objective
will be to take a more Minto-like approach to the development of Kutcho, potentially by
focusing on the rapid development of a smaller scale, lower capital cost operation that is focused on high grade production up front. In order to achieve this objective,
Sherwood intends to:
1.
Update the current resource
estimate;
2.
Re-design the open pit to optimize grade and tonnage
production;
3.
Re-scope the project scale to optimize profitability, while reducing
capital;
4.
Initiate an in fill drill program to better define near surface mineralization
and higher grade trends, and re-optimize the open
pit;
5.
Conduct a metallurgical program focused on optimizing process design and recoveries to feasibility
standards and explore opportunities to increase
recoveries;
6.
Continue the permitting process with the relevant
authorities;
7.
Engage local stakeholders, including First Nations, through community
consultations.
More definitive information on the scope and timing of
these activities will be provided as they are
developed.
Sherwood
Sherwood?s successful consolidation of the ownership of
the Minto Project provides a unique
investment opportunity ? participation in a high-grade, open pit copper-gold
mine located in Canada with tremendous exploration
potential on the property. Aggressive exploration, in parallel
with successful mine development and operations, provides Sherwood the opportunity to grow from within
through resource and reserve additions in pursuit of further production expansions. Sherwood plans to continue this "growth
from within" strategy, along with further operational optimizations and the
pursuit of merger & acquisition opportunities, in its relentless pursuit of
value. In parallel, Sherwood aims
to repeat its success with the Minto project at the Kutcho
project.
Quality
Assurance
The technical information in this
news release has been prepared in
accordance with Canadian regulatory requirements set out in National Instrument
43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO for Sherwood Copper Corporation. The
exploration activities at the Minto project site are carried out under the supervision of
Brad Mercer, P. Geol., Exploration
Manager with Sherwood. The
operational information relating to the Minto Mine in this release have been
carried out under the supervision of Ian Berzins, P.Eng., General Manager of the
Minto Mine and Kevin Weston P.Eng.,
Chief Operating Officer for Sherwood Copper.
Additional
Information
Additional information on Sherwood and its Minto Project can be obtained
on Sherwood?s website at http://www.sherwoodcopper.com.
On behalf of the board of
directors
SHERWOOD COPPER
CORPORATION
?Stephen P. Quin?
Stephen P. Quin
President &
CEO
For further information
please contact Stephen Quin,
President of Sherwood Copper Corp.
or Brad Kopp or Kristy
Reynolds at (604) 687-7545 or (888) 338-2200
**
INTERNET ADDRESS: www.sherwoodcopper.com **
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
This document may contain "forward-looking statements"
within the meaning of Canadian securities legislation and the United States
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are made as of the date of this document and the Company does not
intend, and does not assume any obligation, to update these forward-looking
statements.
Forward-looking statements relate to future events or
future performance and reflect management's expectations or beliefs regarding
future events and include, but are not limited to, statements with respect to
the estimation of mineral reserves and resources, the realization of mineral
reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining
operations, environmental risks, unanticipated reclamation expenses, title
disputes or claims and limitations on insurance coverage. In certain cases,
forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved" or the negative of these terms or comparable
terminology. By their very nature forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by the forward-looking statements.
Such factors include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue to be refined;
future prices of resources; possible
variations in ore reserves, grade or recovery rates; accidents, labour disputes
and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; as well as those factors
detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com. Although the
Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Sherwood Copper
Corporation
Summary of Forward
Sale Contracts
(as of February 20, 2008) to Accompany Press Release Dated February 25,
2008
COPPER |
|
|
|
GOLD |
|
|
SILVER |
|
|
Weighted Average |
|
|
|
Weighted Average |
|
Weighted Average |
|
Year |
Tonnes |
Lbs |
Price (US$/t) |
Price (US$/oz) |
Year |
OZS |
Price (US$/oz) |
Year |
OZS |
Price
(US$/oz) |
2008 Q1 |
1,233 |
2,718,300 |
6,500.40 |
2.95 |
2008 Q1 |
2,291 |
653.42 |
2008 Q1 |
31,733 |
11.90 |
2008 Q2 |
4,261 |
9,393,897 |
6,401.23 |
2.90 |
2008 Q2 |
4,358 |
652.83 |
2008 Q2 |
61,514 |
11.87 |
2008 Q3 |
3,357 |
7,400,918 |
6,322.63 |
2.87 |
2008 Q3 |
2,220 |
653.98 |
2008 Q3 |
34,881 |
11.86 |
2008 Q4 |
2,575 |
5,676,903 |
5,957.85 |
2.70 |
2008 Q4 |
3,257 |
653.48 |
2008 Q4 |
34,664 |
11.90 |
Total 2008 |
11,426 |
25,190,018 |
6,288.92 |
2.85 |
Total 2008 |
12,126 |
653.33 |
Total 2008 |
162,792 |
11.88 |
|
|
|
|
|
|
|
|
|
|
|
2009 Q1 |
3,624 |
7,989,552 |
5,768.53 |
2.62 |
2009 Q1 |
3,959 |
653.45 |
2009 Q1 |
40,636 |
11.90 |
2009 Q2 |
4,184 |
9,224,141 |
5,572.36 |
2.53 |
2009 Q2 |
3,883 |
653.46 |
2009 Q2 |
42,017 |
11.90 |
2009 Q3 |
3,700 |
8,157,104 |
5,381.96 |
2.44 |
2009 Q3 |
3,291 |
653.42 |
2009 Q3 |
36,963 |
11.90 |
2009 Q4 |
3,381 |
7,453,829 |
5,184.07 |
2.35 |
2009 Q4 |
3,291 |
653.42 |
2009 Q4 |
36,963 |
11.90 |
Total 2009 |
14,889 |
32,824,626 |
5,484.62 |
2.49 |
Total 2009 |
14,424 |
653.44 |
Total 2009 |
156,579 |
11.90 |
|
|
|
|
|
|
|
|
|
|
|
2010 Q1 |
3,381 |
7,453,829 |
5,036.62 |
2.28 |
2010 Q1 |
3,291 |
653.42 |
2010 Q1 |
36,963 |
11.90 |
2010 Q2 |
3,381 |
7,453,829 |
4,895.54 |
2.22 |
2010 Q2 |
3,414 |
653.44 |
2010 Q2 |
34,693 |
11.90 |
2010 Q3 |
3,015 |
6,646,937 |
4,757.50 |
2.16 |
2010 Q3 |
3,660 |
653.49 |
2010 Q3 |
30,153 |
11.90 |
2010 Q4 |
2,832 |
6,243,491 |
4,620.02 |
2.10 |
2010 Q4 |
3,660 |
653.49 |
2010 Q4 |
30,153 |
11.90 |
Total 2010 |
12,609 |
27,798,087 |
4,838.48 |
2.19 |
Total 2010 |
14,025 |
653.46 |
Total 2010 |
131,962 |
11.90 |
|
|
|
|
|
|
|
|
|
|
|
2011 Q1 |
2,832 |
6,243,491 |
4,541.62 |
2.06 |
2011 Q1 |
3,660 |
653.49 |
2011 Q1 |
30,153 |
11.90 |
2011 Q2 |
3,352 |
7,389,895 |
5,405.54 |
2.45 |
2011 Q2 |
3,620 |
727.58 |
2011 Q2 |
40,005 |
13.83 |
2011 Q3 |
3,612 |
7,963,097 |
5,704.59 |
2.59 |
2011 Q3 |
3,600 |
765.25 |
2011 Q3 |
44,931 |
14.47 |
2011 Q4 |
1,204 |
2,654,366 |
5,655.37 |
2.57 |
2011 Q4 |
2,640 |
727.69 |
2011 Q4 |
36,327 |
13.26 |
Total 2011 |
11,000 |
24,250,849 |
5,308.66 |
2.41 |
Total 2011 |
13,520 |
717.58 |
Total 2011 |
151,416 |
13.50 |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
49,924 |
110,063,580 |
5,466.74 |
2.48 |
TOTAL |
54,095 |
669.45 |
TOTAL |
602,749 |
12.30 |