2019 2020 2021 2022 2023

LEY Au gr/t 0.72688 0.60071 0.68250 0.70373 0.64018

Precio Au 1441.13 1322.45 1154.38 1179.45 1285.65
Costo $/t 3.23 2.52 2.66 2.71 3.22
RM 0.692 0.683 0.693 0.686 0.691
TONELADAS 73373068 71946492 73725902 72206705 72020932

INVERSION 5000000000
VENTAS 2471128954 1837568144 1867515178 1926881364 1905792637
COSTOS 236726524 181380290 196460180 195897531 231864774
UTILIDAD -5000000000 2234402430 1656187854 1671054998 1730983833 1673927863

TIR 35%
NPV S/6,726,310,734.35
 2024 2025 2026 2027 2028 2029 2030

0.66925 0.69685 0.57521 0.61974 0.54893 0.68904 0.65977

1271.66 1269.87 1200.93 1190.83 1203.28 1259.94 1193.79
2.64 3.09 2.45 3.26 3.11 3.26 3.79
0.678 0.678 0.700 0.688 0.692 0.676 0.695
70413483 73981676 71603547 72982508 70542070 71862718 72312882

1926685086 2104805430 1590268513 1731697065 1498047234 2005819540 1831178456

185840787 228819170 175637051 237674045 219179261 234077365 273877152
1740844299 1875986260 1414631462 1494023020 1278867973 1771742175 1557301304
 Costo $/t Au gr/t precio Au Oz/t lognormal
a 3 -0.4357 1275 mx 0.650038 a -0.4357
b 0.3 0.09975 100 sx 0.065003 b 0.09975
2019 2020 2021 2022 2023 2024 2026
x 0.727 0.601 0.683 0.704 0.640 0.669 0.697 0.575
y -0.319 -0.510 -0.382 -0.351 -0.446 -0.402 -0.361 -0.553
Suma 7.170017 5.258639 6.538470 6.845460 5.896684 6.341931 6.746946 4.823861
1 0.576814 0.840235 0.922135 0.966393 0.871830 0.034408 0.978454 0.854611
2 0.464620 0.066889 0.812795 0.904722 0.005034 0.720565 0.003699 0.858246
3 0.683828 0.013224 0.274637 0.525692 0.625804 0.843367 0.532953 0.266245
4 0.624802 0.540478 0.376192 0.761620 0.382749 0.595312 0.444304 0.122240
5 0.677117 0.155453 0.761332 0.389881 0.552130 0.821498 0.979389 0.137183
6 0.471350 0.856468 0.571798 0.707237 0.984027 0.761964 0.345446 0.332888
7 0.375806 0.620437 0.357354 0.890720 0.197298 0.237844 0.190318 0.361587
8 0.432920 0.724794 0.378449 0.744122 0.217952 0.965989 0.445755 0.376564
9 0.749258 0.337762 0.326006 0.099297 0.629309 0.064290 0.134024 0.937264
10 0.848166 0.042563 0.917533 0.046421 0.783727 0.176392 0.920036 0.018871
11 0.906799 0.912124 0.811964 0.301504 0.357591 0.304865 0.801818 0.459745
K=12 0.358537 0.148212 0.028274 0.507851 0.289233 0.815439 0.970750 0.098416
 2027 2028 2029 2030
0.620 0.549 0.689 0.660
-0.478 -0.600 -0.372 -0.416
5.571453 4.355117 6.634064 6.198884
0.264750 0.975730 0.285511 0.534394
0.140693 0.652688 0.387371 0.536051
0.227406 0.404945 0.080824 0.855451
0.824330 0.147761 0.976090 0.680884
0.076914 0.144424 0.557502 0.273125
0.581254 0.036081 0.488497 0.465573
0.148870 0.791151 0.606281 0.645098
0.964366 0.033629 0.897929 0.181686
0.468846 0.279924 0.963258 0.171290
0.949601 0.205557 0.408693 0.957554
0.334209 0.219157 0.375586 0.214514
0.590215 0.464069 0.606523 0.683264
 Costo $/t Au gr/t precio Au Oz/t normal
a 3 -0.4357 1275
b 0.3 0.09975 100
2019 2020 2021 2022 2023 2024 2025 2026
x 1441.128 1322.453 1154.375 1179.455 1285.650 1271.663 1269.870 1200.929
x 1441.128 1322.453 1154.375 1179.455 1285.650 1271.663 1269.870 1200.929
Suma 7.661280 6.474528 4.793753 5.044549 6.106496 5.966633 5.948704 5.259288
1 0.573272 0.812441 0.194882 0.105987 0.889566 0.795038 0.769280 0.641997
2 0.307862 0.327107 0.014172 0.539257 0.278146 0.736939 0.943771 0.812772
3 0.317589 0.833357 0.592614 0.554879 0.020729 0.539204 0.176541 0.778376
4 0.758819 0.229478 0.821268 0.248659 0.715446 0.057169 0.343349 0.341869
5 0.911751 0.629537 0.419787 0.079844 0.818709 0.010718 0.154020 0.309402
6 0.798925 0.745605 0.744553 0.109552 0.202465 0.803639 0.720004 0.190910
7 0.849184 0.892707 0.616906 0.998954 0.846429 0.055636 0.331113 0.458566
8 0.955441 0.569653 0.296921 0.383044 0.991697 0.489505 0.396775 0.510448
9 0.972904 0.839609 0.265627 0.888757 0.352202 0.957390 0.127158 0.133334
10 0.048450 0.160056 0.089171 0.492158 0.489363 0.286615 0.731216 0.813143
11 0.935251 0.287369 0.658165 0.378621 0.006636 0.614747 0.762786 0.021511
12 0.231832 0.147611 0.079686 0.264838 0.495107 0.620033 0.492691 0.246960
 2027 2028 2029 2030
1190.826 1203.275 1259.940 1193.793
1190.826 1203.275 1259.940 1193.793
5.158255 5.282754 5.849403 5.187933
0.016693 0.289158 0.174406 0.927950
0.310733 0.653281 0.591939 0.223313
0.055552 0.388245 0.891835 0.690633
0.797621 0.554681 0.625647 0.623064
0.597092 0.561248 0.427395 0.657341
0.449870 0.066974 0.808908 0.229123
0.626417 0.954155 0.160925 0.598980
0.262510 0.225951 0.676530 0.009004
0.231559 0.514065 0.526531 0.465027
0.769612 0.326221 0.005442 0.299454
0.206211 0.049480 0.028641 0.178839
0.834386 0.699297 0.931204 0.285205
 Costo $/t Au gr/t precio Au Oz/t normal
a 3 -0.4357 1275
b 0.3 0.09975 100
2019 2020 2021 2022 2023 2024 2025 2026
x 3.226 2.521 2.665 2.713 3.219 2.639 3.093 2.453
x 3.226 2.521 2.665 2.713 3.219 2.639 3.093 2.453
Suma 6.754469 4.403481 4.882459 5.043368 6.731360 4.797595 6.309723 4.176366
1 0.152798 0.299523 0.292261 0.692127 0.874697 0.449437 0.953475 0.370303
2 0.575567 0.019823 0.542564 0.241167 0.506543 0.346852 0.503269 0.253614
3 0.834378 0.091133 0.006285 0.760494 0.595554 0.058562 0.628686 0.005590
4 0.051834 0.343570 0.010692 0.029291 0.631484 0.583882 0.129366 0.877597
5 0.673801 0.443511 0.486726 0.690023 0.242696 0.130892 0.460544 0.387926
6 0.621041 0.008892 0.223371 0.538040 0.345997 0.504659 0.095396 0.034131
7 0.953017 0.148079 0.321399 0.839937 0.039690 0.626267 0.813590 0.375651
8 0.873545 0.985565 0.884782 0.178870 0.752691 0.824053 0.880886 0.450015
9 0.186341 0.006544 0.202139 0.031492 0.837863 0.758423 0.106501 0.440182
10 0.327876 0.624116 0.588347 0.297238 0.463146 0.399050 0.933048 0.222455
11 0.696222 0.439940 0.422352 0.323453 0.658006 0.009012 0.555775 0.262859
12 0.808049 0.992785 0.901540 0.421236 0.782994 0.106506 0.249188 0.496043
 2027 2028 2029 2030
3.257 3.107 3.257 3.787
3.257 3.107 3.257 3.787
6.855297 6.356905 6.857617 8.624636
0.650336 0.948195 0.526846 0.971778
0.597752 0.873389 0.426601 0.686985
0.080010 0.896728 0.972647 0.137185
0.818649 0.715349 0.527880 0.894205
0.950651 0.315765 0.110959 0.178625
0.565273 0.183820 0.733535 0.912014
0.141234 0.592915 0.893467 0.776059
0.711082 0.083182 0.321660 0.750898
0.423383 0.689842 0.959322 0.953476
0.959753 0.159240 0.399239 0.409143
0.909308 0.772032 0.122405 0.974885
0.047868 0.126448 0.863056 0.979384
TIR NPV
32.11% 6505651084 NPV
30.20% 6088951587 7,600,000,000
33.24% 7181060374
7,400,000,000 f(x) = − 316705551646.952 x² + 234101914366
33.93% 7244959243 R² = 0.943965966112457
34.89% 7304432461 7,200,000,000

38.17% 7418605492 7,000,000,000

6,800,000,000

6,600,000,000

6,400,000,000

6,200,000,000

6,000,000,000
30.00% 31.00% 32.00% 33.00% 34.00% 35.00% 36.0
 NPV

316705551646.952 x² + 234101914366.082 x − 35786262011.4022

43965966112457

32.00% 33.00% 34.00% 35.00% 36.00% 37.00% 38.00% 39.00%