

| Quadra Mining Ltd. |
| Financial Results |
YTD Q3 2007 |
2006 |
2005 |
2004¹ |
| Revenues from concentrate sales |
412,181 |
393,257 |
228,235 |
11,932 |
| Operating income |
202,115 |
154,208 |
56,216 |
(221) |
| Net earnings (loss) |
128,422 |
14,433 |
(13,423) |
(2,375) |
| Cash Flow |
| Cash Flow from operation before working capital |
146,812 |
18,116 |
31,473 |
56 |
| Net capital expenditures and investments |
(112,949) |
(62,160) |
(46,103) |
(81,203) |
| Financial Position |
| Total Assets |
758,900 |
335,966 |
250,642 |
140,817 |
| Total Liabilities |
267,943 |
170,850 |
157,890 |
37,698 |
| Shareholders' Equity |
488,229 |
165,116 |
92,752 |
103,119 |
| Weighted average number of shares outstanding - basic |
46,543 |
36,608 |
27,315 |
20,867 |
| Per share |
| Cash flow from operations per share - basic |
$ 3.15 |
$ 0.49 |
$ 1.15 |
$ 0.00 |
| Basic earnings (loss) per share |
$ 2.76 |
$ 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
- result of 2005 hedging program at an average copper price of $1.70
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