

| Quadra Mining Ltd. |
| Financial Results |
2008 |
2007 |
2006 |
2005 |
2004¹ |
| Revenues from concentrate sales |
487,501 |
493,848 |
393,257 |
228,235 |
11,932 |
| Operating income |
161,275 |
218,649 |
154,208 |
56,216 |
(221) |
| Net earnings (loss) |
38,609 |
134,545 |
14,433 |
(13,423) |
(2,375) |
| Cash Flow |
| Cash Flow from operation before working capital |
166,431 |
162,525 |
18,116 |
31,473 |
56 |
| Net capital expenditures and investments |
(343,589) |
(158,464) |
(62,160) |
(46,103) |
(79,568) |
| Financial Position |
| Total Assets |
851,967 |
765,622 |
335,966 |
250,642 |
140,817 |
| Total Liabilities |
120,435 |
279,870 |
170,850 |
157,890 |
37,698 |
| Shareholders' Equity |
731,532 |
483,041 |
165,116 |
92,752 |
103,119 |
| Weighted average number of shares outstanding - basic (000's) |
62,931 |
48,690 |
36,608 |
27,315 |
20,867 |
| Per share |
| Cash flow from operations per share - basic |
$ 2.64 |
$ 3.34 |
$ 0.49 |
$ 1.15 |
$ 0.00 |
| Basic earnings (loss) per share |
$ 0.61 |
$ 2.80 |
$ 0.39 |
$ (0.49) |
$ (0.11) |
- 2004 financial information has not been restated for the impact of a change in accounting policy for deferred stripping costs
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