Desiviación Rec de Cobre % 0.

7
Var individual $207.92

Año 2008 2009 2010 2011 2012

Periodo 1 2 3 4 5
Mineral a planta kton 21530.0 21978.0 24309.0 22161.0 22364.0
Total Roca Movida kton 86103.3 86061.3 86328.3 85648.3 85501.3

Cobre fino t 195579.90 196288.59 216976.99 184851.99 188904.60

CUT % 1.0 1.0 1.0 1.0 1.0

TPH t/h 2580.0 2640.0 2921.0 2663.0 2678.0
REC1 % 87.8 89.4 89.6 87.8 86.4
REC1 % 86.7 87.8 87.6 85.6 83.9
CON2 % 28.4 28.1 29.5 28.0 28.4

REALISED PRICE
Copper price ¢/lb 229.8 208.9 189.1 170.2 153.1

OPERATING COSTS
Costo Total Mina US$/ts 1.20 1.08 1.06 1.05 1.08
Costo Unitario sulfuros US$/tt 4.2 4.0 3.9 3.7 3.8

TCRC Concentrate ¢/lb 16.8 18.8 19.8 20.9 21.8

RC Anodes / Blister ¢/lb
Metallurgical Deduction
- Concentrate ¢/lb 6.3 5.8 5.2 4.6 4.2
Inland Freight& Port
- Concentrate ¢/lb 1.2 1.3 1.3 1.1 1.2
Ocean Freight & Other
- Concentrate ¢/lb 1.3 1.5 1.5 1.5 1.6
Ingreso US$ 990.8 903.8 904.7 693.5 637.7
Costos US$ 303.3 300.7 318.0 285.8 297.6
Beneficio MMUS$ 687.5 603.1 586.7 407.7 340.1
VPN MMUS$ $3,942.14
Tasa de retorno 10%

1000000
 2013 2014 2015 2016 2017 2018 2019
6 7 8 9 10 11 12
22377.0 23610.0 23668.0 23733.0 24001.0 23704.0 24292.0
85631.3 85028.3 85183.3 85414.3 85240.3 85283.3 85131.3

197574.42 219926.34 225452.51 214794.25 195662.50 180630.17 186370.22

1.1 1.1 1.1 1.1 1.0 0.9 0.9

2732.0 2836.0 2842.0 2844.0 2885.0 2895.0 2919.0
85.0 86.8 87.8 88.3 88.7 88.6 89.4
82.2 83.8 84.5 84.9 85.1 84.8 85.4
27.6 26.6 26.8 27.9 28.0 27.4 28.5

131.7 134.7 137.7 140.8 144.0 147.2 150.6

1.03 1.12 1.00 0.98 0.99 0.96 1.03

3.8 3.7 3.7 3.7 3.7 3.7 3.7

23.4 24.1 24.7 25.5 26.1 26.2 25.6

3.8 4.0 4.1 4.2 4.3 4.2 4.2

1.4 1.5 1.5 1.5 1.5 1.4 1.4

2.1 2.4 2.4 2.5 2.2 1.7 2.0

573.9 653.1 684.6 666.9 621.2 586.4 618.6
306.9 337.9 335.0 330.9 319.4 303.4 313.2
266.9 315.2 349.6 336.0 301.8 283.0 305.4
 2020 2021 2022 2023 2024 2025 2026
13 14 15 16 17 18 19
24342.0 24433.0 24625.0 23663.0 23883.0 23485.0 22777.0
85181.3 84972.3 85164.3 84902.3 85298.3 85326.3 85216.3

197520.04 176657.99 174113.39 177157.50 173354.56 176096.64 147027.93

0.9 0.8 0.8 0.9 0.9 0.9 0.8

2916.0 2937.0 2955.0 2889.0 2863.0 2822.0 2736.0
90.3 89.5 88.2 89.7 90.0 90.7 89.8
86.1 85.2 83.8 85.1 85.3 85.8 84.8
27.6 28.4 30.4 29.2 28.6 27.6 27.6

154.0 157.4 161.0 164.6 168.3 172.1 175.9

1.19 1.24 1.19 1.20 1.16 1.12 1.05

3.7 3.7 3.6 3.7 3.7 3.7 3.8

26.1 27.4 27.8 28.9 30.1 31.0 31.2

4.2 4.4 4.6 4.7 4.8 4.8 4.8

1.4 1.5 1.2 1.0 1.3 1.2 1.0

1.9 1.9 0.8 0.1 0.8 0.4 0.0

670.4 613.1 617.8 642.8 643.1 668.0 570.3
337.1 332.2 323.0 324.7 327.7 328.3 295.5
333.3 280.9 294.8 318.1 315.4 339.7 274.8
 2027 2028 2029 2030 2031 2032 2033
20 21 22 23 24 25 26
22303.0 21863.0 21970.0 22186.0 22112.0 22130.0 21828.0
85194.3 85082.3 84996.3 84784.3 85140.3 85127.3 85068.3

136588.99 130736.56 138421.76 136396.47 130199.61 126421.88 131920.00

0.7 0.7 0.8 0.7 0.7 0.7 0.7

2678.0 2661.0 2639.0 2664.0 2657.0 2652.0 2665.0
89.7 89.4 88.4 89.2 89.6 90.0 89.3
84.6 84.1 83.0 83.6 84.0 84.3 83.5
27.4 27.3 26.6 26.1 26.0 24.1 24.4

179.9 183.9 188.1 192.3 196.6 201.1 205.6

1.04 1.04 1.03 1.07 1.10 1.12 1.13

3.8 3.8 3.8 3.8 3.8 3.8 3.8

31.0 33.4 33.6 34.7 35.6 36.5 37.5

4.8 5.1 5.3 5.4 5.5 5.6 5.8

0.9 1.1 1.0 1.0 1.1 1.1 1.1

0.0 0.1 0.1 0.1 0.1 0.1 0.1

541.7 530.2 574.0 578.3 564.4 560.4 597.9
284.7 287.0 294.0 299.0 299.2 300.5 310.0
257.0 243.2 279.9 279.3 265.3 259.9 288.0
 2034 2035 2036 2037 2038 2039 2040
27 28 29 30 31 32 33
22161.0 21021.0 21363.0 21080.0 19890.6 19890.6 19890.6
84978.3 84686.3 84915.3 84849.3 84676.9 84676.9 84676.9

150153.17 121573.16 120632.27 114808.73 119871.52 119723.83 119578.42

0.8 0.7 0.7 0.7 0.7 0.7 0.7

2663.0 2529.0 2561.0 2533.0 2404.0 2404.0 2404.0
89.0 89.7 88.4 89.4 89.4 89.4 89.4
83.0 83.6 82.2 83.2 83.0 82.9 82.8
24.2 24.6 27.0 25.5 24.6 24.6 24.6

210.2 214.9 219.8 224.7 229.8 235.0 240.2

1.14 1.15 1.23 1.22 0.99 0.99 0.99

3.8 3.9 3.9 3.9 2.4 2.4 2.4

38.9 39.5 39.7 40.4 40.8 40.9 41.3

6.0 6.1 6.1 6.2 6.3 6.4 6.4

1.2 1.2 1.2 1.2 1.2 1.2 1.2

0.1 0.1 0.1 0.1 0.1 0.1 0.1

695.9 576.1 584.5 568.8 607.2 620.1 633.3
334.6 305.4 313.1 307.4 260.5 260.7 261.6
361.2 270.7 271.4 261.4 346.7 359.4 371.7
 2041 2042 2043 2044 2045 2046 2047
34 35 36 37 38 39 40
19890.6 19890.6 21049.6 21049.6 21049.6 21049.6 21049.6
84676.9 84676.9 64117.1 64117.1 64117.1 64117.1 64117.1

119435.21 119294.09 122800.11 122659.52 122520.81 122383.91 122248.76

0.7 0.7 0.7 0.7 0.7 0.7 0.7

2404.0 2404.0 2536.0 2536.0 2536.0 2536.0 2536.0
89.4 89.4 89.9 89.9 89.9 89.9 89.9
82.7 82.6 83.0 82.9 82.8 82.7 82.6
24.6 24.6 24.9 24.9 24.9 24.9 24.9

245.6 251.2 256.8 262.6 268.5 274.6 280.7

0.99 0.99 1.10 1.10 1.10 1.10 1.10

2.4 2.4 2.4 2.4 2.4 2.4 2.4

42.7 44.1 46.2 48.4 47.9 47.9 49.8

6.6 6.8 7.1 7.5 7.4 7.4 7.7

1.3 1.3 1.4 1.4 1.4 1.4 1.5

0.1 0.1 0.1 0.1 0.1 0.1 0.1

646.8 660.6 695.3 710.1 725.3 740.8 756.6
265.7 270.2 269.9 276.8 274.9 274.9 280.8
381.1 390.4 425.4 433.3 450.4 465.9 475.8
 2048 2049 2050 2051 2052 2053 2054
41 42 43 44 45 46 47
20676.0 20676.0 20676.0 20676.0 20676.0 16334.8 16334.8
54471.7 54471.7 54471.7 54471.7 54471.7 36138.0 36138.0

112549.40 112429.47 112310.96 112193.81 112077.99 82301.09 82216.94

0.7 0.7 0.7 0.7 0.7 0.6 0.6

2495.0 2495.0 2495.0 2495.0 2495.0 2510.0 2510.0
91.0 91.0 91.0 91.0 91.0 90.1 90.1
83.6 83.5 83.4 83.4 83.3 82.3 82.2
23.2 23.2 23.2 23.2 23.2 25.7 25.7

287.0 293.5 300.1 306.9 313.8 320.8 328.0

1.09 1.09 1.09 1.09 1.09 1.14 1.14

2.4 2.4 2.4 2.4 2.4 2.4 2.4

52.5 54.5 54.6 56.9 58.7 60.3 61.2

8.1 8.4 8.6 8.8 9.1 9.3 9.4

1.6 1.6 1.6 1.7 1.7 1.8 1.8

0.1 0.1 0.1 0.1 0.1 0.1 0.1

712.2 727.5 743.1 759.0 775.3 582.1 594.6
264.1 270.0 270.3 276.7 281.8 209.7 211.5
448.2 457.5 472.8 482.3 493.5 372.4 383.1
Desiviación Ley de Cobre % 0.01
Var individual $297.44

Año 2008 2009 2010 2011 2012

Periodo 1 2 3 4 5
Mineral a planta kton 21530.0 21978.0 24309.0 22161.0 22364.0
Total Roca Movida kton 86103.3 86061.3 86328.3 85648.3 85501.3

Cobre fino t 195069.04 195358.21 215716.67 183427.45 187595.84

CUT % 1.0 1.0 1.0 1.0 1.0

CUT % 1.0 1.0 1.0 0.9 1.0
TPH t/h 2580.0 2640.0 2921.0 2663.0 2678.0
REC1 % 87.8 89.4 89.6 87.8 86.4
CON2 % 28.4 28.1 29.5 28.0 28.4

REALISED PRICE
Copper price ¢/lb 229.8 208.9 189.1 170.2 153.1

OPERATING COSTS
Costo Total Mina US$/ts 1.20 1.08 1.06 1.05 1.08
Costo Unitario sulfuros US$/tt 4.2 4.0 3.9 3.7 3.8

TCRC Concentrate ¢/lb 16.8 18.8 19.8 20.9 21.8

RC Anodes / Blister ¢/lb
Metallurgical Deduction
- Concentrate ¢/lb 6.3 5.8 5.2 4.6 4.2
Inland Freight& Port
- Concentrate ¢/lb 1.2 1.3 1.3 1.1 1.2
Ocean Freight & Other
- Concentrate ¢/lb 1.3 1.5 1.5 1.5 1.6
Ingreso US$ 988.2 899.5 899.5 688.1 633.3
Costos US$ 303.0 300.1 317.3 284.9 296.8
Beneficio MMUS$ 685.2 599.4 582.2 403.2 336.5
VPN MMUS$ $3,852.61
Tasa de retorno 10%

1000000
 2013 2014 2015 2016 2017 2018 2019
6 7 8 9 10 11 12
22377.0 23610.0 23668.0 23733.0 24001.0 23704.0 24292.0
85631.3 85028.3 85183.3 85414.3 85240.3 85283.3 85131.3

196689.70 219007.93 224477.71 213191.63 192965.55 177324.21 182705.88

1.1 1.1 1.1 1.1 1.0 0.9 0.9

1.0 1.1 1.1 1.0 0.9 0.8 0.8
2732.0 2836.0 2842.0 2844.0 2885.0 2895.0 2919.0
85.0 86.8 87.8 88.3 88.7 88.6 89.4
27.6 26.6 26.8 27.9 28.0 27.4 28.5

131.7 134.7 137.7 140.8 144.0 147.2 150.6

1.03 1.12 1.00 0.98 0.99 0.96 1.03

3.8 3.7 3.7 3.7 3.7 3.7 3.7

23.4 24.1 24.7 25.5 26.1 26.2 25.6

3.8 4.0 4.1 4.2 4.3 4.2 4.2

1.4 1.5 1.5 1.5 1.5 1.4 1.4

2.1 2.4 2.4 2.5 2.2 1.7 2.0

571.3 650.4 681.7 662.0 612.6 575.6 606.5
306.3 337.3 334.3 329.7 317.4 300.9 310.5
265.0 313.1 347.4 332.2 295.2 274.7 295.9
 2020 2021 2022 2023 2024 2025 2026
13 14 15 16 17 18 19
24342.0 24433.0 24625.0 23663.0 23883.0 23485.0 22777.0
85181.3 84972.3 85164.3 84902.3 85298.3 85326.3 85216.3

194016.76 172155.93 169555.43 172800.52 168435.93 171278.91 141075.43

0.9 0.8 0.8 0.9 0.9 0.9 0.8

0.9 0.8 0.8 0.8 0.8 0.8 0.7
2916.0 2937.0 2955.0 2889.0 2863.0 2822.0 2736.0
90.3 89.5 88.2 89.7 90.0 90.7 89.8
27.6 28.4 30.4 29.2 28.6 27.6 27.6

154.0 157.4 161.0 164.6 168.3 172.1 175.9

1.19 1.24 1.19 1.20 1.16 1.12 1.05

3.7 3.7 3.6 3.7 3.7 3.7 3.8

26.1 27.4 27.8 28.9 30.1 31.0 31.2

4.2 4.4 4.6 4.7 4.8 4.8 4.8

1.4 1.5 1.2 1.0 1.3 1.2 1.0

1.9 1.9 0.8 0.1 0.8 0.4 0.0

658.5 597.4 601.7 627.0 624.9 649.7 547.2
334.5 328.7 319.6 321.4 323.7 324.3 290.7
324.0 268.7 282.1 305.6 301.2 325.4 256.5
 2027 2028 2029 2030 2031 2032 2033
20 21 22 23 24 25 26
22303.0 21863.0 21970.0 22186.0 22112.0 22130.0 21828.0
85194.3 85082.3 84996.3 84784.3 85140.3 85127.3 85068.3

130202.45 124230.72 132461.99 129817.95 122995.52 118702.68 124865.23

0.7 0.7 0.8 0.7 0.7 0.7 0.7

0.7 0.6 0.7 0.7 0.6 0.6 0.6
2678.0 2661.0 2639.0 2664.0 2657.0 2652.0 2665.0
89.7 89.4 88.4 89.2 89.6 90.0 89.3
27.4 27.3 26.6 26.1 26.0 24.1 24.4

179.9 183.9 188.1 192.3 196.6 201.1 205.6

1.04 1.04 1.03 1.07 1.10 1.12 1.13

3.8 3.8 3.8 3.8 3.8 3.8 3.8

31.0 33.4 33.6 34.7 35.6 36.5 37.5

4.8 5.1 5.3 5.4 5.5 5.6 5.8

0.9 1.1 1.0 1.0 1.1 1.1 1.1

0.0 0.1 0.1 0.1 0.1 0.1 0.1

516.4 503.8 549.3 550.4 533.2 526.2 565.9
279.5 281.3 288.8 293.0 292.5 293.1 303.0
236.9 222.5 260.5 257.4 240.7 233.0 262.9
 2034 2035 2036 2037 2038 2039 2040
27 28 29 30 31 32 33
22161.0 21021.0 21363.0 21080.0 19890.6 19890.6 19890.6
84978.3 84686.3 84915.3 84849.3 84676.9 84676.9 84676.9

144132.85 114055.56 113031.28 106555.16 112864.11 112604.29 112348.50

0.8 0.7 0.7 0.7 0.7 0.7 0.7

0.7 0.6 0.6 0.6 0.6 0.6 0.6
2663.0 2529.0 2561.0 2533.0 2404.0 2404.0 2404.0
89.0 89.7 88.4 89.4 89.4 89.4 89.4
24.2 24.6 27.0 25.5 24.6 24.6 24.6

210.2 214.9 219.8 224.7 229.8 235.0 240.2

1.14 1.15 1.23 1.22 0.99 0.99 0.99

3.8 3.9 3.9 3.9 2.4 2.4 2.4

38.9 39.5 39.7 40.4 40.8 40.9 41.3

6.0 6.1 6.1 6.2 6.3 6.4 6.4

1.2 1.2 1.2 1.2 1.2 1.2 1.2

0.1 0.1 0.1 0.1 0.1 0.1 0.1

668.0 540.5 547.7 527.9 571.8 583.3 595.0
328.5 297.7 305.2 298.7 253.0 253.1 253.8
339.5 242.8 242.5 229.2 318.7 330.2 341.2
 2041 2042 2043 2044 2045 2046 2047
34 35 36 37 38 39 40
19890.6 19890.6 21049.6 21049.6 21049.6 21049.6 21049.6
84676.9 84676.9 64117.1 64117.1 64117.1 64117.1 64117.1

112096.56 111848.30 114377.67 114120.89 113867.57 113617.55 113370.72

0.7 0.7 0.7 0.7 0.7 0.7 0.7

0.6 0.6 0.6 0.6 0.6 0.6 0.6
2404.0 2404.0 2536.0 2536.0 2536.0 2536.0 2536.0
89.4 89.4 89.9 89.9 89.9 89.9 89.9
24.6 24.6 24.9 24.9 24.9 24.9 24.9

245.6 251.2 256.8 262.6 268.5 274.6 280.7

0.99 0.99 1.10 1.10 1.10 1.10 1.10

2.4 2.4 2.4 2.4 2.4 2.4 2.4

42.7 44.1 46.2 48.4 47.9 47.9 49.8

6.6 6.8 7.1 7.5 7.4 7.4 7.7

1.3 1.3 1.4 1.4 1.4 1.4 1.5

0.1 0.1 0.1 0.1 0.1 0.1 0.1

607.1 619.3 647.6 660.7 674.1 687.7 701.7
257.5 261.6 259.7 266.0 264.0 263.9 269.2
349.5 357.7 387.9 394.7 410.0 423.8 432.4
 2048 2049 2050 2051 2052 2053 2054
41 42 43 44 45 46 47
20676.0 20676.0 20676.0 20676.0 20676.0 16334.8 16334.8
54471.7 54471.7 54471.7 54471.7 54471.7 36138.0 36138.0

102692.53 102453.12 102216.54 101982.69 101751.49 73711.98 73534.97

0.7 0.7 0.7 0.7 0.7 0.6 0.6

0.5 0.5 0.5 0.5 0.5 0.5 0.5
2495.0 2495.0 2495.0 2495.0 2495.0 2510.0 2510.0
91.0 91.0 91.0 91.0 91.0 90.1 90.1
23.2 23.2 23.2 23.2 23.2 25.7 25.7

287.0 293.5 300.1 306.9 313.8 320.8 328.0

1.09 1.09 1.09 1.09 1.09 1.14 1.14

2.4 2.4 2.4 2.4 2.4 2.4 2.4

52.5 54.5 54.6 56.9 58.7 60.3 61.2

8.1 8.4 8.6 8.8 9.1 9.3 9.4

1.6 1.6 1.6 1.7 1.7 1.8 1.8

0.1 0.1 0.1 0.1 0.1 0.1 0.1

649.9 662.9 676.3 689.9 703.8 521.4 531.8
250.6 255.8 255.9 261.5 265.9 196.1 197.6
399.3 407.2 420.4 428.4 437.9 325.2 334.2
Desiviación Precio del Cobre cUS$/lb 0.1
Var individual $19.23

Año 2008 2009 2010 2011 2012

Periodo 1 2 3 4 5
Mineral a planta kton 21530.0 21978.0 24309.0 22161.0 22364.0
Total Roca Movida kton 86103.3 86061.3 86328.3 85648.3 85501.3

Cobre fino t 198170.18 199917.41 221902.42 189812.95 194685.63

CUT % 1.0 1.0 1.0 1.0 1.0

TPH t/h 2580.0 2640.0 2921.0 2663.0 2678.0
REC1 % 87.8 89.4 89.6 87.8 86.4
CON2 % 28.4 28.1 29.5 28.0 28.4

REALISED PRICE
Copper price ¢/lb 229.8 208.9 189.1 170.2 153.1
Copper price ¢/lb 229.6 208.6 188.9 169.8 152.8

OPERATING COSTS
Costo Total Mina US$/ts 1.20 1.08 1.06 1.05 1.08
Costo Unitario sulfuros US$/tt 4.2 4.0 3.9 3.7 3.8

TCRC Concentrate ¢/lb 16.8 18.8 19.8 20.9 21.8

RC Anodes / Blister ¢/lb
Metallurgical Deduction
- Concentrate ¢/lb 6.3 5.8 5.2 4.6 4.2
Inland Freight& Port
- Concentrate ¢/lb 1.2 1.3 1.3 1.1 1.2
Ocean Freight & Other
- Concentrate ¢/lb 1.3 1.5 1.5 1.5 1.6
Ingreso US$ 1003.2 919.5 923.9 710.7 655.6
Costos US$ 304.8 302.9 321.1 288.8 301.3
Beneficio MMUS$ 698.4 616.6 602.8 421.9 354.4
VPN MMUS$ $4,130.83
Tasa de retorno 10%
 2013 2014 2015 2016 2017 2018 2019
6 7 8 9 10 11 12
22377.0 23610.0 23668.0 23733.0 24001.0 23704.0 24292.0
85631.3 85028.3 85183.3 85414.3 85240.3 85283.3 85131.3

204332.51 227900.62 234113.59 223507.35 204009.62 188743.88 195045.27

1.1 1.1 1.1 1.1 1.0 0.9 0.9

2732.0 2836.0 2842.0 2844.0 2885.0 2895.0 2919.0
85.0 86.8 87.8 88.3 88.7 88.6 89.4
27.6 26.6 26.8 27.9 28.0 27.4 28.5

131.7 134.7 137.7 140.8 144.0 147.2 150.6

131.3 134.3 137.3 140.3 143.5 146.7 150.0

1.03 1.12 1.00 0.98 0.99 0.96 1.03

3.8 3.7 3.7 3.7 3.7 3.7 3.7

23.4 24.1 24.7 25.5 26.1 26.2 25.6

3.8 4.0 4.1 4.2 4.3 4.2 4.2

1.4 1.5 1.5 1.5 1.5 1.4 1.4

2.1 2.4 2.4 2.5 2.2 1.7 2.0

591.7 674.6 708.5 691.6 645.4 610.5 645.0
311.5 343.6 341.2 337.4 325.7 309.4 319.5
280.2 331.1 367.3 354.2 319.7 301.1 325.4
 2020 2021 2022 2023 2024 2025 2026
13 14 15 16 17 18 19
24342.0 24433.0 24625.0 23663.0 23883.0 23485.0 22777.0
85181.3 84972.3 85164.3 84902.3 85298.3 85326.3 85216.3

207011.23 185568.25 183354.12 186719.62 182974.77 186093.88 155701.54

0.9 0.8 0.8 0.9 0.9 0.9 0.8

2916.0 2937.0 2955.0 2889.0 2863.0 2822.0 2736.0
90.3 89.5 88.2 89.7 90.0 90.7 89.8
27.6 28.4 30.4 29.2 28.6 27.6 27.6

154.0 157.4 161.0 164.6 168.3 172.1 175.9

153.4 156.8 160.3 163.9 167.6 171.4 175.2

1.19 1.24 1.19 1.20 1.16 1.12 1.05

3.7 3.7 3.6 3.7 3.7 3.7 3.8

26.1 27.4 27.8 28.9 30.1 31.0 31.2

4.2 4.4 4.6 4.7 4.8 4.8 4.8

1.4 1.5 1.2 1.0 1.3 1.2 1.0

1.9 1.9 0.8 0.1 0.8 0.4 0.0

699.9 641.5 648.1 674.8 676.1 703.1 601.5
344.1 339.1 330.0 332.0 335.5 336.5 302.6
355.8 302.4 318.0 342.8 340.6 366.5 298.9
 2027 2028 2029 2030 2031 2032 2033
20 21 22 23 24 25 26
22303.0 21863.0 21970.0 22186.0 22112.0 22130.0 21828.0
85194.3 85082.3 84996.3 84784.3 85140.3 85127.3 85068.3

144879.07 138914.26 147400.70 145374.32 138917.14 135034.26 141170.84

0.7 0.7 0.8 0.7 0.7 0.7 0.7

2678.0 2661.0 2639.0 2664.0 2657.0 2652.0 2665.0
89.7 89.4 88.4 89.2 89.6 90.0 89.3
27.4 27.3 26.6 26.1 26.0 24.1 24.4

179.9 183.9 188.1 192.3 196.6 201.1 205.6

179.2 183.2 187.3 191.5 195.8 200.2 204.8

1.04 1.04 1.03 1.07 1.10 1.12 1.13

3.8 3.8 3.8 3.8 3.8 3.8 3.8

31.0 33.4 33.6 34.7 35.6 36.5 37.5

4.8 5.1 5.3 5.4 5.5 5.6 5.8

0.9 1.1 1.0 1.0 1.1 1.1 1.1

0.0 0.1 0.1 0.1 0.1 0.1 0.1

572.3 561.0 608.7 613.8 599.8 596.1 637.2
291.4 294.1 301.9 307.2 307.3 308.7 319.0
280.9 266.9 306.8 306.7 292.5 287.4 318.2
 2034 2035 2036 2037 2038 2039 2040
27 28 29 30 31 32 33
22161.0 21021.0 21363.0 21080.0 19890.6 19890.6 19890.6
84978.3 84686.3 84915.3 84849.3 84676.9 84676.9 84676.9

160940.24 130409.66 129705.45 123490.62 129101.63 129101.63 129101.63

0.8 0.7 0.7 0.7 0.7 0.7 0.7

2663.0 2529.0 2561.0 2533.0 2404.0 2404.0 2404.0
89.0 89.7 88.4 89.4 89.4 89.4 89.4
24.2 24.6 27.0 25.5 24.6 24.6 24.6

210.2 214.9 219.8 224.7 229.8 235.0 240.2

209.4 214.1 218.9 223.8 228.9 234.0 239.3

1.14 1.15 1.23 1.22 0.99 0.99 0.99

3.8 3.9 3.9 3.9 2.4 2.4 2.4

38.9 39.5 39.7 40.4 40.8 40.9 41.3

6.0 6.1 6.1 6.2 6.3 6.4 6.4

1.2 1.2 1.2 1.2 1.2 1.2 1.2

0.1 0.1 0.1 0.1 0.1 0.1 0.1

742.8 615.5 625.9 609.4 651.4 666.1 681.1
345.6 314.5 322.5 316.6 270.4 270.8 271.9
397.2 300.9 303.4 292.8 381.0 395.3 409.2
 2041 2042 2043 2044 2045 2046 2047
34 35 36 37 38 39 40
19890.6 19890.6 21049.6 21049.6 21049.6 21049.6 21049.6
84676.9 84676.9 64117.1 64117.1 64117.1 64117.1 64117.1

129101.63 129101.63 132992.89 132992.89 132992.89 132992.89 132992.89

0.7 0.7 0.7 0.7 0.7 0.7 0.7

2404.0 2404.0 2536.0 2536.0 2536.0 2536.0 2536.0
89.4 89.4 89.9 89.9 89.9 89.9 89.9
24.6 24.6 24.9 24.9 24.9 24.9 24.9

245.6 251.2 256.8 262.6 268.5 274.6 280.7

244.7 250.2 255.8 261.6 267.5 273.5 279.7

0.99 0.99 1.10 1.10 1.10 1.10 1.10

2.4 2.4 2.4 2.4 2.4 2.4 2.4

42.7 44.1 46.2 48.4 47.9 47.9 49.8

6.6 6.8 7.1 7.5 7.4 7.4 7.7

1.3 1.3 1.4 1.4 1.4 1.4 1.5

0.1 0.1 0.1 0.1 0.1 0.1 0.1

696.4 712.1 750.1 767.0 784.3 802.0 820.1
276.5 281.5 282.2 289.9 288.0 288.2 294.8
419.9 430.6 467.9 477.1 496.3 513.8 525.3
 2048 2049 2050 2051 2052 2053 2054
41 42 43 44 45 46 47
20676.0 20676.0 20676.0 20676.0 20676.0 16334.8 16334.8
54471.7 54471.7 54471.7 54471.7 54471.7 36138.0 36138.0

122443.62 122443.62 122443.62 122443.62 122443.62 90084.77 90084.77

0.7 0.7 0.7 0.7 0.7 0.6 0.6

2495.0 2495.0 2495.0 2495.0 2495.0 2510.0 2510.0
91.0 91.0 91.0 91.0 91.0 90.1 90.1
23.2 23.2 23.2 23.2 23.2 25.7 25.7

287.0 293.5 300.1 306.9 313.8 320.8 328.0

286.0 292.4 299.0 305.8 312.7 319.7 326.9

1.09 1.09 1.09 1.09 1.09 1.14 1.14

2.4 2.4 2.4 2.4 2.4 2.4 2.4

52.5 54.5 54.6 56.9 58.7 60.3 61.2

8.1 8.4 8.6 8.8 9.1 9.3 9.4

1.6 1.6 1.6 1.7 1.7 1.8 1.8

0.1 0.1 0.1 0.1 0.1 0.1 0.1

772.0 789.4 807.2 825.4 844.0 635.0 649.3
277.7 284.2 284.8 291.9 297.7 222.0 224.1
494.4 505.2 522.4 533.5 546.3 413.0 425.2
Año 2008 2009 2010 2011 2012
Periodo 1 2 3 4 5
Mineral a planta kton 21530.0 21978.0 24309.0 22161.0 22364.0
Total Roca Movida kton 86103.3 86061.3 86328.3 85648.3 85501.3

Cobre fino t 198170.18 199917.41 221902.42 189812.95 194685.63

CUT % 1.0 1.0 1.0 1.0 1.0

TPH t/h 2580.0 2640.0 2921.0 2663.0 2678.0
REC1 % 87.8 89.4 89.6 87.8 86.4
CON2 % 28.4 28.1 29.5 28.0 28.4

REALISED PRICE
Copper price ¢/lb 229.8 208.9 189.1 170.2 153.1

OPERATING COSTS
Costo Total Mina US$/ts 1.20 1.08 1.06 1.05 1.08
Costo Unitario sulfuros US$/tt 4.2 4.0 3.9 3.7 3.8

TCRC Concentrate ¢/lb 16.8 18.8 19.8 20.9 21.8

RC Anodes / Blister ¢/lb
Metallurgical Deduction
- Concentrate ¢/lb 6.3 5.8 5.2 4.6 4.2
Inland Freight& Port
- Concentrate ¢/lb 1.2 1.3 1.3 1.1 1.2
Ocean Freight & Other
- Concentrate ¢/lb 1.3 1.5 1.5 1.5 1.6
Ingreso US$ 1003.9 920.5 925.3 712.1 657.2
Costos US$ 304.8 302.9 321.1 288.8 301.3
Beneficio MMUS$ 699.1 617.6 604.2 423.2 355.9
VPN MMUS$ $4,150.06
Tasa de retorno 10%

1000000
 2013 2014 2015 2016 2017 2018 2019
6 7 8 9 10 11 12
22377.0 23610.0 23668.0 23733.0 24001.0 23704.0 24292.0
85631.3 85028.3 85183.3 85414.3 85240.3 85283.3 85131.3

204332.51 227900.62 234113.59 223507.35 204009.62 188743.88 195045.27

1.1 1.1 1.1 1.1 1.0 0.9 0.9

2732.0 2836.0 2842.0 2844.0 2885.0 2895.0 2919.0
85.0 86.8 87.8 88.3 88.7 88.6 89.4
27.6 26.6 26.8 27.9 28.0 27.4 28.5

131.7 134.7 137.7 140.8 144.0 147.2 150.6

1.03 1.12 1.00 0.98 0.99 0.96 1.03

3.8 3.7 3.7 3.7 3.7 3.7 3.7

23.4 24.1 24.7 25.5 26.1 26.2 25.6

3.8 4.0 4.1 4.2 4.3 4.2 4.2

1.4 1.5 1.5 1.5 1.5 1.4 1.4

2.1 2.4 2.4 2.5 2.2 1.7 2.0

593.5 676.8 710.9 694.0 647.7 612.7 647.4
311.5 343.6 341.2 337.4 325.7 309.4 319.5
282.0 333.3 369.7 356.6 322.0 303.3 327.9
 2020 2021 2022 2023 2024 2025 2026
13 14 15 16 17 18 19
24342.0 24433.0 24625.0 23663.0 23883.0 23485.0 22777.0
85181.3 84972.3 85164.3 84902.3 85298.3 85326.3 85216.3

207011.23 185568.25 183354.12 186719.62 182974.77 186093.88 155701.54

0.9 0.8 0.8 0.9 0.9 0.9 0.8

2916.0 2937.0 2955.0 2889.0 2863.0 2822.0 2736.0
90.3 89.5 88.2 89.7 90.0 90.7 89.8
27.6 28.4 30.4 29.2 28.6 27.6 27.6

154.0 157.4 161.0 164.6 168.3 172.1 175.9

1.19 1.24 1.19 1.20 1.16 1.12 1.05

3.7 3.7 3.6 3.7 3.7 3.7 3.8

26.1 27.4 27.8 28.9 30.1 31.0 31.2

4.2 4.4 4.6 4.7 4.8 4.8 4.8

1.4 1.5 1.2 1.0 1.3 1.2 1.0

1.9 1.9 0.8 0.1 0.8 0.4 0.0

702.6 644.0 650.6 677.5 678.8 705.9 603.9
344.1 339.1 330.0 332.0 335.5 336.5 302.6
358.5 304.9 320.6 345.5 343.3 369.4 301.3
 2027 2028 2029 2030 2031 2032 2033
20 21 22 23 24 25 26
22303.0 21863.0 21970.0 22186.0 22112.0 22130.0 21828.0
85194.3 85082.3 84996.3 84784.3 85140.3 85127.3 85068.3

144879.07 138914.26 147400.70 145374.32 138917.14 135034.26 141170.84

0.7 0.7 0.8 0.7 0.7 0.7 0.7

2678.0 2661.0 2639.0 2664.0 2657.0 2652.0 2665.0
89.7 89.4 88.4 89.2 89.6 90.0 89.3
27.4 27.3 26.6 26.1 26.0 24.1 24.4

179.9 183.9 188.1 192.3 196.6 201.1 205.6

1.04 1.04 1.03 1.07 1.10 1.12 1.13

3.8 3.8 3.8 3.8 3.8 3.8 3.8

31.0 33.4 33.6 34.7 35.6 36.5 37.5

4.8 5.1 5.3 5.4 5.5 5.6 5.8

0.9 1.1 1.0 1.0 1.1 1.1 1.1

0.0 0.1 0.1 0.1 0.1 0.1 0.1

574.6 563.3 611.2 616.4 602.2 598.6 639.9
291.4 294.1 301.9 307.2 307.3 308.7 319.0
283.2 269.2 309.3 309.2 294.9 289.9 320.8
 2034 2035 2036 2037 2038 2039 2040
27 28 29 30 31 32 33
22161.0 21021.0 21363.0 21080.0 19890.6 19890.6 19890.6
84978.3 84686.3 84915.3 84849.3 84676.9 84676.9 84676.9

160940.24 130409.66 129705.45 123490.62 129101.63 129101.63 129101.63

0.8 0.7 0.7 0.7 0.7 0.7 0.7

2663.0 2529.0 2561.0 2533.0 2404.0 2404.0 2404.0
89.0 89.7 88.4 89.4 89.4 89.4 89.4
24.2 24.6 27.0 25.5 24.6 24.6 24.6

210.2 214.9 219.8 224.7 229.8 235.0 240.2

1.14 1.15 1.23 1.22 0.99 0.99 0.99

3.8 3.9 3.9 3.9 2.4 2.4 2.4

38.9 39.5 39.7 40.4 40.8 40.9 41.3

6.0 6.1 6.1 6.2 6.3 6.4 6.4

1.2 1.2 1.2 1.2 1.2 1.2 1.2

0.1 0.1 0.1 0.1 0.1 0.1 0.1

745.9 618.0 628.5 611.8 654.0 668.7 683.8
345.6 314.5 322.5 316.6 270.4 270.8 271.9
400.2 303.4 305.9 295.2 383.6 397.9 411.9
 2041 2042 2043 2044 2045 2046 2047
34 35 36 37 38 39 40
19890.6 19890.6 21049.6 21049.6 21049.6 21049.6 21049.6
84676.9 84676.9 64117.1 64117.1 64117.1 64117.1 64117.1

129101.63 129101.63 132992.89 132992.89 132992.89 132992.89 132992.89

0.7 0.7 0.7 0.7 0.7 0.7 0.7

2404.0 2404.0 2536.0 2536.0 2536.0 2536.0 2536.0
89.4 89.4 89.9 89.9 89.9 89.9 89.9
24.6 24.6 24.9 24.9 24.9 24.9 24.9

245.6 251.2 256.8 262.6 268.5 274.6 280.7

0.99 0.99 1.10 1.10 1.10 1.10 1.10

2.4 2.4 2.4 2.4 2.4 2.4 2.4

42.7 44.1 46.2 48.4 47.9 47.9 49.8

6.6 6.8 7.1 7.5 7.4 7.4 7.7

1.3 1.3 1.4 1.4 1.4 1.4 1.5

0.1 0.1 0.1 0.1 0.1 0.1 0.1

699.2 714.9 753.0 769.9 787.3 805.0 823.1
276.5 281.5 282.2 289.9 288.0 288.2 294.8
422.7 433.4 470.8 480.0 499.3 516.8 528.3
 2048 2049 2050 2051 2052 2053 2054
41 42 43 44 45 46 47
20676.0 20676.0 20676.0 20676.0 20676.0 16334.8 16334.8
54471.7 54471.7 54471.7 54471.7 54471.7 36138.0 36138.0

122443.62 122443.62 122443.62 122443.62 122443.62 90084.77 90084.77

0.7 0.7 0.7 0.7 0.7 0.6 0.6

2495.0 2495.0 2495.0 2495.0 2495.0 2510.0 2510.0
91.0 91.0 91.0 91.0 91.0 90.1 90.1
23.2 23.2 23.2 23.2 23.2 25.7 25.7

287.0 293.5 300.1 306.9 313.8 320.8 328.0

1.09 1.09 1.09 1.09 1.09 1.14 1.14

2.4 2.4 2.4 2.4 2.4 2.4 2.4

52.5 54.5 54.6 56.9 58.7 60.3 61.2

8.1 8.4 8.6 8.8 9.1 9.3 9.4

1.6 1.6 1.6 1.7 1.7 1.8 1.8

0.1 0.1 0.1 0.1 0.1 0.1 0.1

774.9 792.3 810.1 828.3 847.0 637.2 651.5
277.7 284.2 284.8 291.9 297.7 222.0 224.1
497.2 508.0 525.3 536.4 549.3 415.2 427.4
 CASO VAN VAR
BASE $4,150.06 -
PRECIO Cu $4,130.83 $19.23
LEY Cu $3,852.61 $297.44
REC $3,942.14 $207.92
TOTAL - $363.42
SEGURO $3,786.64 -