ELIPE S.A.

- ECUADOR
SUMARY COST OF ZARUMA PROJECT FROM JANUARY TO AUGUST 2010

EXPLOSIVOS
BARS, BITS, HOSE
EXPENSES CIVIL JOBS AND OFFICE
MAITENACE EQUIPMENT
ELECTRIC MATERIAL
SUPPLIES FOR MINES (CABLE,FILTERS,Tubes, Vigas)
FUEL OIL
FOOD
ELECTRICITY, WATER,
PETTY CASH
TICKETS GEOLOGISTS AND MANAGERS
RENTAL WAREHOUSE AND HOUSES
RENTAL EQUIPMENT AND MACHINARY
RENTAL CARS
CONTRACTORS
SALARIES WORKERS
*
SALARIES ENGINERS
*
SOCIAL SECURITY WORKERS
*

INCREASE
* No including in the original budget of Zaruma

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

150,752.00
18,550.73
21,565.41
115,052.48
21,384.37
109,120.56
39,470.47
9,979.27
21,170.00
20,000.00
10,000.00
5,146.71
59,896.17
12,597.00
33,153.20
108,178.43
11,392.81
25,707.82

130,928.00
39,885.73
29,386.79
146,954.85
17,185.28
64,925.14
40,210.47
11,529.94
21,270.80
20,000.00
10,000.00
6,430.63
55,367.47
11,816.00
57,996.96
108,178.43
11,392.81
25,707.82

144,956.00
4,538.02
14,425.56
172,140.94
14,552.31
32,531.86
61,060.18
11,087.21
21,618.00
20,000.00
10,000.00
6,470.29
66,827.91
13,975.00
51,775.36
113,178.43
11,392.81
26,782.82

144,956.00
29,032.14
18,401.89
145,332.66
12,434.26
97,728.28
54,074.11
13,633.42
21,170.00
20,000.00
8,000.00
7,318.55
81,582.66
14,950.00
44,199.01
113,178.43
11,505.00
26,806.94

186,921.00
30,287.59

793,117.43

809,167.12

797,312.70

864,303.35

953,413.52 1,000,969.54 1,106,990.87 1,270,402.20

2%

0.50%

9%

212,415.21
56,291.97
35,688.53
54,284.71
14,557.83
23,992.65
20,000.00
8,000.00
7,021.82
86,994.15
15,135.00
50,332.69
113,178.43
11,505.00
26,806.94

20%

182,731.00
19,864.37
23,844.38
171,019.53
15,142.67
53,694.21
113,066.61
16,233.68
21,170.00
20,000.00
8,000.00
7,021.82
104,318.02
13,050.00
62,815.09
126,727.31
12,365.00
29,905.85

26%

JULY
144,485.00
27,225.53
48,991.64
134,991.66
59,774.99
185,423.39
65,530.06
19,050.76
25,070.00
20,000.00
8,000.00
4,942.21
106,667.04
11,730.00
62,815.09
137,670.80
12,365.00
32,257.70

38%

AUGUST
177,520.50
14,552.42
38,943.36
155,936.76
49,240.48
245,784.53
93,292.04
21,576.43
21,800.00
20,000.00
10,000.00
8,561.68
133,401.20
10,325.00
87,174.30
137,670.80
12,365.00
32,257.70

60%

ELIPE S.A. - ECUADOR

COMPARATION COST OF ZARUMA PROJECT JANUARY - AUGUST 2010
JANUARY

EXPLOSIVES
BARS, BITS, HOSE
EXPENSES CIVIL JOBS AND OFFICE
MAITENANCE EQUIPMENT
ELECTRIC MATERIAL
SUPPLIES FOR MINES(CABLE,FILTERS,Tubes, Vigas)
FUEL OIL
FOOD
ELECTRICITY, WATER,
PETTY CASH
TICKETS GEOLOGISTS AND MANAGERS
RENTAL WAREHOUSE AND HOUSES
RENTAL EQUIPMENT AND MACHINARY
RENTAL CARS
CONTRACTORS
SALARIES WORKERS
SALARIES ENGINERS
SOCIAL SECURITY WORKERS

AUGUST

CHANGE
$

INCREASE
PERCETAGE
%

150,752.00
18,550.73
21,565.41
115,052.48
21,384.37
109,120.56
39,470.47
9,979.27
21,170.00
20,000.00
10,000.00
5,146.71
59,896.17
12,597.00
33,153.20
108,178.43
11,392.81
25,707.82

177,520.50
14,552.42
38,943.36
155,936.76
49,240.48
245,784.53
93,292.04
21,576.43
21,800.00
20,000.00
10,000.00
8,561.68
133,401.20
10,325.00
87,174.30
137,670.80
12,365.00
32,257.70

26,768.50
-3,998.31
17,377.95
40,884.28
27,856.11
136,663.97
53,821.57
11,597.16
630.00
0.00
0.00
3,414.97
73,505.03
-2,272.00
54,021.10
29,492.37
972.19
6,549.88

18
-22
81
36
130
125
136
116
3
0
0
66
123
-18
163
27
9
25

793,117.43

1,270,402.20

477,284.77

60

ELIPE S.A.
SUMARY COST FROM JANUARY TO AUGUST 2010
JANUARY

EXPLOSIVOS
BARS, BITS, HOSE
EXPENSES CIVIL JOBS AND OFFICE
MAITENACE EQUIPMENT
ELECTRIC MATERIAL
OTHERS SUPPLIES (CABLE,FILTERS,Tubes, Vigas)
FUEL OIL
FOOD
ELECTRICITY, WATER,
PETTY CASH
TICKETS GEOLOGISTS AND MANAGERS
RENTAL WAREHOUSE AND HOUSES
RENTAL EQUIPMENT AND MACHINARY
RENTAL CARS
CONTRACTORS
SALARIES WORKERS
SALARIES ENGINERS
SOCIAL SECURITY WORKERS

JULY

150,752.00 144,485.00
18,550.73
27,225.53
21,565.41
48,991.64
115,052.48 134,991.66
21,384.37
59,774.99
109,120.56 185,423.39
39,470.47
65,530.06
9,979.27
19,050.76
21,170.00
25,070.00
20,000.00
20,000.00
10,000.00
8,000.00
5,146.71
4,942.21
59,896.17 106,667.04
12,597.00 uma
33,153.20
62,815.09
108,178.43 137,670.80
11,392.81
12,365.00
25,707.82
32,257.70
793,117.43 1,095,260.87

CHANGE
$
-6,267.00

INCREASE
PERCETAGE
%