earnings

The Company is pleased to advise shareholders of the following financial results, year
to date
􀁹 Consolidated net profit of:
􀂃 A$ 3.91 million for the five months to 31 May 2006
􀂃 A$0.5 – 1.0 million expected for the 12 months to 30 June 2006
􀁹 Earnings Before Interest and Tax (EBIT) for the Chile operations of:
􀂃 A$5.49 million for the five months to 31 May 2006
􀂃 A$4.04 million for the 11 months to 31 May 2006
SMC Gold Limited today provided an earnings forecast reflecting the improved
operating and financial performance of the company’s copper-gold operation in Chile.
Highlights of the company’s performance so far in 2006 include:
• Total unaudited EBIT for the first five months of 2006, of A$5.49 million
• Total ore milled at Punitaqui of 118,344 tonnes @ 1.64% copper
• Total ore sold externally of 11,475 tonnes which contributed A$0.609 million to
the above operating margin
2
This performance has been achieved based on sales through the 5 month period at an
average copper selling price of US$2.65 per pound and marking of open contracts at
US$3.64 per pound. The price of copper reached a record level of almost US$4 per
pound during the period but has settled back to around US$3 per pound recently.