1 Contents Contents Contents Chairman’s Review . . . . . . . . . 2 Managing Director and CEO’s Report . . 3 Ten Year Summary . . . . . . . . . 6 Finance Report . . . . . . . . . . 8 Company Activities . . . . . . . . . 11 Operations Report   . . . . . . . . . 12 Projects Report  . . . . . . . . . . 26 Exploration Report   . . . . . . . . . 30 Ore Reserves and Mineral Resources 32 Corporate Governance Statement . . . 34 Senior Management  . . . . . . . . 39 Directors’ Report  . . . . . . . . . 42 Remuneration Report . . . . . . . . . .  49 Auditor’s Independence Declaration . . 62 Financial Statements . . . . . . . . 63 Statement of Comprehensive Income . . . . .  64 Statement of Financial Position . . . . . . .  65 Statement of Changes in Equity . . . . . . .  66 Statement of Cash Flows . . . . . . . . . .  67 Notes to the Financial Statements . . . 68 Directors’ Declaration   . . . . . . . . 111 Independent Auditor’s Report  . . . . 112 Shareholder Information . . . . . . 114 Corporate Information . . . . . . . 116 CHILE