Chairman's Address
BRISBANE, AUSTRALIA -- (Marketwire) -- 05/17/11 -- By any measure the 2010 financial year was outstanding for Intrepid Mines Limited (TSX: IAU)(ASX: IAU) and its shareholders. The year concluded with an attributable metal inventory of 8.3 million ounces of gold, 64 million ounces of silver and 3.7 billion pounds of copper. Treasury funds on the balance sheet totalled US$181 million and there was no debt, and no commodity or foreign exchange contracts. Our business was positioned in rapidly price appreciating metal commodities, which in parallel with exploration success, delivered a top tier share price appreciation and a US$1 billion market capitalisation.
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