Good morning, ladies and gentlemen. Welcome to the Silvercorp Metals Fiscal 2013 Year-End Earnings Conference Call. I would now like to turn the meeting over to Mr. Jonathan Hackshaw. Please go ahead, sir.

Thank you, operator, and good morning, everyone. Welcome to our Fourth Quarter and Fiscal Year-End of 2013 Conference Call. Joining me today on the call are Dr. Rui Feng, Silvercorp's Chairman and Chief Executive Officer; and Maria Tang, Silvercorp's Chief Financial Officer. We will begin the call with a review of our financial operating and development highlights for the quarter in fiscal 2013. We will then open the call up for questions. Presentation slides are available as part of the webcast or on Silvercorp's website. To advance the slides, please click on the forward arrow. Before we begin, I'd like to draw your attention to the first slide and remind you that during today's call, forward-looking statements will be made relating to future production, development and exploration, capital expenditure, business expansion plans and other items. Such forward-looking statements are subject to risks and uncertainties, many of which are detailed in our 2012 Annual Information Form filed on SEDAR. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events can differ materially. Turning to Slide 2. During the quarter, the company recorded net income of $6.4 million or $0.04 per share compared to $9.7 million or $0.06 per share in the fourth quarter of fiscal 2012. Moving on to Slide 3. In fiscal 2013, the company recorded adjusted net income attributable to equity holders of $36.9 million or $0.22 per share compared to net income of $73.8 million or $0.43 per share in fiscal 2012. This decrease was due to a combination of the lower silver price, a decrease in silver production, a decrease in base metal production and a higher overall cost of production. Turning to Slide 4 and our fourth quarter operational highlights, the company produced in total 0.94…

[Operator Instructions] The first question is from Brad Humphrey with Raymond James.

Just really quickly, on the GCC, started coal mining and processing in March, can you give us any sense of how that's going, idea of how recoveries are coming? Any other issues with the commissioning?

Okay. Yes, we started test-running the mill and so there are a lot of problems with the mill, so we just fixed those problems right now. And in terms of recovery, we have achieved a recently good recovery for lead and zinc, but now our silver recovery is stable because we have used the recycled water. So which -- if we use the freshwater, the recovery is pretty good, but when we use the recycled water, we run into instability right after the recovery. So within early this year, we have to sign a new metallurgic study test with [indiscernible] metallurgical lab in China, it's based in Beijing. So we shipped them 2 tonnes of material back in March, so they are working on that and hopefully, it should be resolved -- we should see a stable recovery soon. And also, we do some test mining and thermal mining in the development order that we're producing those things because the other ores come from development ores so the grade is [indiscernible] and pile is not -- the grade varies. So that's also add a little bit of challenge for the recovery test -- for the test of new mill, right? So that's what is the kind of situation.

[Operator Instructions] There are no further questions registered at this time. I'd now like to turn the meeting back over to Mr. Hackshaw.

Thank you, operator. And to wrap up, I'd like to thank you again for joining us for today's conference call. And we look forward to reporting to you again when we release our results for the first quarter of fiscal 2014. Thank you and have a good day.

Thank you. The conference call has now ended. Please disconnect your lines at this time. Thank you for your participation.