AS THE WORLD’S LARGEST PRIMARY SILVER PRODUCER, FRESNILLO STRIVES TO CREATE MAXIMUM VALUE FOR ALL STAKEHOLDERS

Consolidated Cash Flow Statement

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(in thousands of US dollars)

For the six months ended 30 June 2011 2010
Net cash from operating activities 589,443 305,597
Cash flows from investing activities
Purchase of property, plant and equipment (201,198)  -131,082
Purchase of available-for-sale instruments 0 0
Proceeds from the sale of property, plant an equipment and other assets 2,574  234
Loans granted to related parties 0 0
Proceeds from repayment of loans granted to related parties 4,067  0
Sliverstream 56,319  21,672
Interest received 3,856  1,022
Financing provided to contractors -10,719 -3,392
Other proceeds / (expenses) 3,941  2113
Net cash (used in) generated from investing activities (141,160)  (109,433)
Cash flows from financing activities
Loans granted by related parties 0 0
Repayment of loans granted by related parties 0 0
Capital contribution 836  1,385
Dividends paid (289,978)  (116,209)
Shares issued and paid pursuant to the global Offer   0
Distribution to equity shareholders of the Group   0
Transaction cost associated with issue of the share   0
Interest paid (20)  (50)
Net cash used in financing activities (289,162)  (114,874)
Net (decrease) / increase in cash and cash equivalents during the year 159,121  81,290
Net foreign exchange difference (790) -3,673
Cash and cash equivalents at 1 January 559,537  312,192
Cash and cash equivalents at 30 June 717,868  389,809

 

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