re: Ann: Twin Hills Operations and Production... The hedged...

re: Ann: Twin Hills Operations and Production... The hedged price for the delivery of 700,000 ounces in 2012 is $A33.77.

Silver closed at US$35.41 on Comex.

At an exchange rate of 1.0692 that is just $A33.12.

So delivering into the hedge is not an issue at this point in time.

And AYN do have about 400,000oz of recoverable silver now stockpiled on Leach Pads 2 and 3. (22nd. February production update.)