"During 2013, and particularly during the third quarter, we demonstrated our ability to generate cash flow at Platosa despite the significant decrease in silver prices," stated Brendan Cahill, President and Chief Executive Officer. "The biggest impact on our profitability was the significant volatility in the silver price, particularly during the second and fourth quarters. We have now taken steps to reduce the effect of these fluctuations and we are confident that these adjustments will improve cash flow and profitability going forward. Additionally, just as we realized cost reductions throughout the year, we will continue to further reduce costs at the mine site level through 2014."