Jun 06 Financials draft 5 Post Audit Comm Meeting 080806 CLEAN

Anvil Mining Limited Anvil Mining Limited Consolidated Financial Statements Three months (Second Quarter) ended June 30, 2006 (Unaudited) (Expressed in thousands, of United States dollars except per share amounts and as otherwise stated) Anvil Mining Limited (Expressed in thousands, of U.S dollars, except per share amounts and as otherwise stated) Consolidated Balance Sheets (unaudited) June 30 December 31Notes 2006 2005$ $ ASSETS Current assets Cash and cash equivalents 33,8847,945 Restricted cash 3 211 204 Accounts receivable 4 32,718 7,915 Inventories 5 11,654 7,353 Investments 6 99,415- Prepaid expenses and deposits 1,007 826 178,889 24,243 Deferred financing fees 7 45 1,584 d mining costs 8 1,499 4,078 Exploration and evaluation expenditure 9 29,89927,57810 35,122 30,057 Property, plant and equipment 245,454 87,540 LIABILITIES Current liabilities Accounts payable and accrued liabilities 7,6177,958Current income taxes 834 75 Other liabilities 769 490 Current portion of long term debt 11 - 5,500 Purchase consideration payable 12 2,289 4,526 11,509 18,549Long term debt 11 - 5,146 Purchase consideration payable 12 - 2,085 6,413 6,413 Future income tax liability Asset retirement obligations 789 778 18,71132,971 Non controlling interest 13 5,967 1,722 Shareholders’ equity Equity accounts 14 179,489 42,310 Retained earnings 41,287 ...