| Highlights |
|
|
|
Sales Volume* |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Copper
|
(tons.) |
798,050 |
632,873 |
603,530 |
505,540
|
(16)
|
|
Zinc
|
(tons.) |
133,420 |
127,496 |
114,200 |
100,318 |
(12)
|
|
Silver
|
(ounce) |
20,601,905 |
19,792,863 |
18,130,220 |
14,999,735
|
(17)
|
|
Gold
|
(ounce) |
52,084 |
55,749
|
48,290 |
47,229
|
(2)
|
|
Molybdenum
|
(tons.) |
14,585 |
11,753 |
16,304 |
16,510
|
1
|
|
|
|
Average Price
(dollars.) |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Copper
|
(COMEX) |
(pound)
|
1.68 |
3.09 |
3.22 |
3.13
|
(3)
|
|
Zinc
|
(LME) |
(pound) |
0.63 |
1.49 |
1.47 |
0.85
|
(42)
|
|
Silver
|
(COMEX) |
(ounce) |
7.32 |
11.54 |
13.39 |
14.97
|
12
|
|
Gold
|
(LF) |
(ounce) |
445.05 |
604.04 |
697.35 |
870.95
|
25
|
|
Molybdenum
(MW DEALER OXIDE)
(pound)
|
31.05 |
24.38 |
29.91 |
28.42 |
(5)
|
|
Lead
|
0.44
|
0.59
|
1.17
|
0.95
|
(19)
|
|
|
|
Railroad Division Statistics |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Tons Transported
(thousands
of tons)
|
41,994 |
47,777 |
47,571 |
48,217
|
1
|
|
Net
ton-kilometers
(millons
of tons)
|
35,359 |
39,087 |
40,458 |
40,186
|
(1)
|
|
Cars Loaded (thousands
of units)
|
639.6 |
734.5 |
719.5 |
730.2
|
1
|
|
|
|
Balance Sheet
(millons of dollars) |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Current Assets
|
2,335 |
3,687 |
4,271 |
3,104
|
(27)
|
|
Fixed Assets
|
4,132 |
4,518 |
4,734 |
4,809
|
2
|
|
Total Assets
|
7,477 |
8,916 |
9,745 |
8,687
|
(11)
|
|
Bank Debt
|
1,618 |
2,067 |
2,067 |
1,688
|
(18)
|
|
Total Liabilities
|
3,090 |
3,603 |
3,632 |
3,081
|
(15)
|
|
Equity Capital
|
3,206 |
3,967 |
4,660 |
4,361
|
(6)
|
|
|
|
Earnings
(millons of
Dollars)
|
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Total Sales
|
5,189 |
6,359 |
7,078 |
5,946
|
(16)
|
|
Cost of Sale
|
2,422 |
2,593 |
2,791 |
2,911
|
4
|
|
Operation Profit plus
Depreciation (EBITDA)
|
2,612 |
3,628 |
4,078 |
2,854
|
(30)
|
|
Net Profit
|
1,063 |
1,530 |
1,631 |
1,071
|
(34)
|
|
|
|
Cash Flow
(millons of
Dollars)
|
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
From Operations
|
1,863 |
2,158 |
2,683 |
2,082
|
(22)
|
|
Applied to Financing
Activities
|
(999) |
(499) |
(1,472) |
(2,197)
|
49
|
|
Total Cash flow
|
864 |
1,659 |
1,211 |
(115)
|
(109)
|
|
Allocated to investments
|
(563) |
(968) |
(513) |
(785)
|
53
|
|
Cash flow after
investments
|
301 |
691 |
698 |
(900)
|
(229)
|
|
|
|
Stock Information**
|
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Total Shares in
Circulation
(thousands)
|
2,594,699 |
2,576,863 |
2,571,449 |
7,610,000
|
196
|
|
EBITDA per Share
|
0.34 |
0.47 |
0.52 |
0.37
|
(29) |
|
Cash flow per share
|
0.23 |
0.31 |
0.36 |
0.24 |
(33) |
|
Earnings per Share
|
0.14 |
0.20 |
0.21 |
0.14 |
(33) |
|
Book Value
|
0.42 |
0.52 |
0.61 |
0.57 |
(7) |
|
|
|
Financial Ratios |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Operating Margin
|
43% |
52% |
52% |
41% |
(21) |
|
Operating Margin plus
Depreciation
|
50% |
57% |
58% |
48% |
(17) |
|
Current assets to
current liabilities
(times)
|
2.3 |
2.9 |
3.1 |
3.0 |
(3) |
|
Total Liabilities to Total
Assets
|
41% |
40% |
37% |
35% |
(5) |
|
Debt / Capital + Debt
|
34% |
34% |
31% |
28% |
(10) |
|
EBITDA / Interests
(times)
|
13.92 |
22.74 |
23.23 |
17.35 |
(25) |
|
|
|
|
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Employees
|
19,143
|
18,931
|
19,061
|
18,928
|
(1)
|
|
|
|
Anual Inflation |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Mexico
|
3% |
4% |
4% |
7% |
75 |
|
United States
|
3% |
3% |
4%
|
0%
|
(100) |
|
Peru
|
1%
|
1% |
4% |
7% |
75 |
|
|
|
Exchange Rate at
the End of Each Year |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Mexico
|
(pesos
/ dollar)
|
10.71 |
10.88 |
10.87 |
13.54 |
25 |
|
Peru
|
(soles
/ dollar)
|
3.43 |
3.20 |
3.00 |
3.14 |
5 |
|
|
|
Average Exchange Rate |
2005 |
2006 |
2007 |
2008 |
VR%
08/07
|
|
|
Mexico
|
(pesos /
dollar)
|
10.90 |
10.90 |
10.93 |
11.14 |
2 |
|
Peru
|
(soles /
dollar)
|
3.30 |
3.28 |
3.13 |
2.93 |
(6) |
|
|
Expressed according to US GAP
* Throughout this report, all tons are metric and all ounces
are troy.
** Referring a 7,681,266,151 shares.
|
|
