eStIMateD ore reServeS & reSourCeS ( as of December 31, 2012 ) Silver Gold  Lead  Zinc  Silver  Gold  Lead  Zinc Proven & ProBaBle reServeS Tons (oz/ton) (oz/ton) (%) (%) (oz) (oz) (tons) (tons) Proven Ore Reserves  Lucky Friday, USA  2,206,600  12.1  —  7.4  2.7  26,778,900  —  163,350  58,560 Greens Creek, USA 12,000 9.3 0.10 2.7 7.8 112,500 1,100 330 930 Subtotal Proven 2,218,600 26,891,400 1,100 163,680 59,490 Probable Reserves Lucky Friday, USA  1,931,700  14.8  —  8.7  3.2  28,676,000  —  167,390  62,300 Greens Creek, USA  7,845,600  12.0  0.09  3.4  9.0  94,481,200  718,400  267,410  702,300 Subtotal Probable 9,777,300 123,157,200 718,400 434,800 764,600 Total Proven & Probable  11,995,900  150,048,600  719,500  598,480  824,090 MIneralIzeD MaterIal Lucky Friday, USA  (1) 19,028,600 5.7 — 3.8 2.3 108,704,400 — 731,460 440,470 Greens Creek, USA  (2) 448,600 5.9 0.12 3.2 7.0 2,650,500 53,500 14,300 31,580 San Sebastian, Mexico  (3) 1,297,300 3.4 0.06 1.1 1.5 4,371,000 73,900 14,640 19,080 San Juan Silver, USA  (4) 515,500 14.8 — 2.1 1.1 7,619,600 — 10,760 5,820 Star Complex, USA  (5) 1,061,200 3.0 — 6.4 7.5 3,235,200 — 68,340 80,100 Total Mineralized Material 22,351,200 126,580,700 127,400 839,500 577,050 other reSourCeS  Lucky Friday, USA  (6) 6,921,900 9.1 — 5.6 2.3 62,651,500 — 384,930 158,240 Greens Creek, USA  (7) 3,784,500 11.4 0.10 2.4 6.2 42,977,300 379,200 92,130 233,110 San Sebastian, Mexico  (8) 5,695,900 4.2 0.03 0.5 0.6 23,897,400 159,700 25,880 36,040 San Juan Silver, USA  (9) 3,078,200 10.7 0.01 1.3 1.1 33,096,400 35,600 40,990 34,980 Star Complex, USA  (10) 2,972,300 3.2 — 5.9 5.5 9,377,900 — 174,080 163,480 Monte Cristo, USA  (11) 913,300 0.3 0.14 — — 271,000 131,300 — — Total Other Resources 23,366,100 172,271,500 705,800 718,010 625,850 (1) Mineralized Material from Gold Hunter and Lucky Friday vein systems diluted and factored for expected mining recovery.  (2) Mineralized Material only in Gallagher ore body, factored for dilution and mining recovery.  (3) Mineralized Material diluted to minimum mining width of 2.0 meters for Hugh Zone, 1.5 meters for Andrea Vein.  (4) Mineralized Material diluted to minimum mining width of 6.0 feet for Bulldog.  (5) Mineralized Material diluted to minimum mining width of 4.3 feet.  (6) Other Resources from Gold Hunter and Lucky Friday vein systems diluted and factored for expected mining recovery.  (7) Other Resources in East Ore, Gallagher, NWW, 200S ore bodies, factored for dilution and mining recovery.  (8) Other Resources diluted to minimum mining width of 2.0 meters for Hugh Zone, 1.5 meters for Andrea & Middle veins.  (9) Other Resources diluted to minimum mining width of 6.0 feet for Bulldog.  (10) Other Resources diluted to minimum mining width of 4.3 feet.  (11) Other Resources diluted to minimum mining width of 5.0 feet.  Cautionary Note Statements to Investors — The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral  deposits that a company can economically and legally extract or produce. We use certain terms on this annual report, such as “resource,” “other resources,” and “mineralized materials”  that the SEC guidelines strictly prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K included with this report. Forward-Looking Statements — Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, prospects and opportunities  including reserves, resources, and mineralization, costs, and prices or sales performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”,  “will”, “should”, “expects”, “intends”, “projects”, “believes”, “estimates”, “targets”, “anticipates” and similar expressions are used to identify these forward-looking statements. Forward-looking statements involve a number of  risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of  metals production and costs, environmental and litigation risks, operating risks, project development risks, political and regulatory risks, labor issues, ability to raise financing and exploration risks and results. Refer to the  company’s Form 10-K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements  other than as may be required by law. 16 [HL]