The Company began construction of a gold mill at Yanacocha during 2006, which was approximately 38% complete by year-end, 2006.  The project is expected to cost between $250 and $270 million, with full production anticipated by mid-2008.  Upon completion, the gold mill is expected to enhance the processing efficiency of more complex ores, expand future reserves, improve financial returns and extend the operating life at Yanacocha.