Datos de la Mina :

Procesa 120 ktpd de mineral =

120000

Ritmo de extraccin 3:1 (Esteril/Mineral)

Toneladas removidas=
La ley del mineral =
La ley del concentrado =
Recuperacion =
Razon de concentracion =
Toneladas de Cu x dias =
Total kilos de Cu al ao =
Precio de Cu por ao

360000
1.10%
30%
85%
3740
1122.0
409530000

2016 : 2.2 US$/lb

2017 : 2.1 US$/lb
2018 : 2.0 US$/lb
2019 : 2.4 US$/lb
Precio de largo plazo : 2.5 US$/lb =
Costos de produccion
Costo de Mina: 2.5 US$/tonelada movida
Costo de Planta : 8.0 US$/Tonelada Tratada
Costo TC/RC : 120 y 12

$
$
$

Agua utilizada
Costo agua

Agua total utilizada al ao

Costo total agua utilizada al ao
WACC

4.85
4.63
4.4
5.29
5.51

2.50
8.00
132,000.00
0.7
4.5
30,660,000
137,970
12%

Flujo de caja actual ( se asume que se vende

todo lo que se produce)
Ingresos por ventas

2016
1,986,220,500

Costos
Costo de Mina
Costo de planta
Costo TC/RC
Total costo operacionales

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$
$
$

1,526,188,500
336,374,000
1,189,814,500
226,064,755
963,749,745
1,300,123,745

Margen de Contribucin o EBITDA

Depreciacion
Utilidad antes de Impuesto (UAI) o EBIT
impuestos 19%
Utilidad despues de Impuesto (UDI)
Utilidad Neta

Flujo de caja actual ( se asume que se vende

todo lo que se produce)
Ingresos por ventas

2016
2,184,842,550

Costos
Costo de Mina
Costo de planta
Costo TC/RC
Total costo operacionales

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

Margen de Contribucin o EBITDA

Depreciacion
Utilidad antes de Impuesto (UAI) o EBIT
impuestos 19%
Utilidad despues de Impuesto (UDI)
Utilidad Neta
CAPEX

$
$
$
$
$
$
$

1,724,810,550
336,374,000
1,388,436,550
263,802,945
1,124,633,606
1,461,007,606
(300,000,000)

Flujo de Caja

1,161,007,606

Ingresos por ventas

2016
1,986,220,500

Costos
Costo de Mina
Costo de Planta
Costo TC/RC
Costo Agua
Total costo operacionales

$
$
$
$
$

109,500,000
280,320,000
132,000.00
137,970.00
390,089,970

Margen de Contribucin o EBITDA

Depreciacion
Utilidad antes de Impuesto (UAI) o EBIT
impuestos 19%
Utilidad despues de Impuesto (UDI)
Utilidad Neta
CAPEX Planta tratamiento
CAPEX Plana desalinizadora y de bombeo

$
$
$
$
$
$
$
$

Flujo de caja actual ( se asume que se vende

todo lo que se produce)

1,596,130,530
336,374,000
1,259,756,530
239,353,741
1,020,402,789
1,356,776,789
(3,500,000,000)
(2,500,000,000)

Flujo de Caja

(4,643,223,211)

t/d
t/d
CuT
CuT

t/d
Kg.
US$/Kg.
US$/Kg.
US$/Kg.
US$/Kg.
US$/Kg.
US$/tonelada mov
US$/tonelada Trt.
lts/ton
US$/m^3
lts

SIN PROYECTO
2018
$
1,801,932,000

2019
2,166,413,700

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$
$
$

1,706,381,700
336,374,000
1,370,007,700
260,301,463
1,109,706,237
1,446,080,237

2017
1,896,123,900

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$

$
$
$
$
$
$

1,436,091,900
336,374,000
1,099,717,900
208,946,401
890,771,499
1,227,145,499

$
$
$
$
$

109,500,000
350,400,000
132,000
460,032,000
1,341,900,000
###
1,005,526,000
191,049,940
814,476,060
1,150,850,060

PROYECTO 1
2018
1,982,125,200

2019
2,383,055,070

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$
$
$

1,923,023,070
336,374,000
1,586,649,070
301,463,323
1,285,185,747
1,621,559,747

1,296,806,552 $

1,621,559,747

2017
2,085,736,290

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$
$
$

1,625,704,290 $
336,374,000
1,289,330,290 $
244,972,755 $
1,044,357,535 $
1,380,731,535 $

1,522,093,200
###
1,185,719,200
225,286,648
960,432,552
1,296,806,552

1,380,731,535 $

2017
1,896,123,900

PROYECTO 2
2018
1,801,932,000

$
$
$
$
$

109,500,000
280,320,000
132,000.00
137,970.00
390,089,970

$
$
$
$
$

109,500,000
280,320,000
132,000.00
137,970.00
390,089,970

$
$
$
$
$
$

1,506,033,930 $
336,374,000
1,169,659,930 $
222,235,387 $
947,424,543 $
1,283,798,543 $

1,411,842,030
###
1,075,468,030
204,338,926
871,129,104
1,207,503,104

2019
2,166,413,700

$
$
$
$
$

109,500,000
280,320,000
132,000.00
137,970.00
390,089,970

$
$
$
$
$
$

1,776,323,730
336,374,000
1,439,949,730
273,590,449
1,166,359,281
1,502,733,281

1,283,798,543

1,207,503,104

1,502,733,281

2020
2,256,510,300

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$
$
$

1,796,478,300
336,374,000
1,460,104,300
277,419,817
1,182,684,483
1,519,058,483

2020
2,482,161,330

$
$
$
$

109,500,000
350,400,000
132,000
460,032,000

$
$
$
$
$
$

2,022,129,330
336,374,000
1,685,755,330
320,293,513
1,365,461,817
1,701,835,817

1,701,835,817

2020
2,256,510,300

$
$
$
$
$

109,500,000
280,320,000
132,000.00
137,970.00
390,089,970

$
$
$
$
$
$

1,866,420,330
336,374,000
1,530,046,330
290,708,803
1,239,337,527
1,575,711,527

Dueta inicial
$
6,000,000,000

1,575,711,527

30-Jun-14

Period Ending

30-Jun-13

Assets
Current Assets
Cash And Cash
Equivalents

8,803,000

5,677,000

Net Receivables

7,059,000

6,577,000

Inventory

6,013,000

5,821,000

421,000

878,000

22,296,000

18,953,000

5,531,000

5,673,000

109,250,000

101,184,000

5,439,000

5,496,000

Short Term Investments

Other Current Assets

Total Current Assets
Long Term Investments
Property Plant and Equipment
Goodwill
Intangible Assets
Accumulated Amortization

Other Assets

2,501,000

1,803,000

Deferred Long Term Asset Charges

6,396,000

6,069,000

151,413,000

139,178,000

11,064,000

12,018,000

7,000,000

8,121,000

18,064,000

20,139,000

Long Term Debt

113,000

286,000

Other Liabilities

Total Assets
Liabilities
Current Liabilities
Accounts Payable
Short/Current Long Term
Debt
Other Current Liabilities
Total Current Liabilities

40,521,000

36,859,000

Deferred Long Term Liability Charges

7,333,000

6,603,000

Minority Interest

6,239,000

4,624,000

72,270,000

68,511,000

Misc Stocks Options Warrants

Redeemable Preferred Stock

Preferred Stock

Negative Goodwill
Total Liabilities (pasivos)
Stockholders' Equity

Common Stock
Retained Earnings
Treasury Stock
Capital Surplus

2,255,000

2,255,000

74,548,000

66,982,000

-587,000

-540,000

Other Stockholder Equity

2,927,000

1,970,000

Total Stockholder Equity

79,143,000

70,667,000

Net Tangible Assets

73,704,000

65,171,000

30-Jun-12

4,781,000
7,841,000
6,233,000
1,596,000
20,451,000
1,475,000
95,671,000
5,112,000
2,039,000
4,525,000
129,273,000

14,835,000
7,199,000
22,034,000
509,000
34,030,000
5,615,000
1,215,000
63,403,000

2,255,000
62,236,000
533,000
1,912,000
65,870,000
60,758,000

Period Ending
Net Income

30-Jun-14

30-Jun-13

13,832,000

11,223,000

8,701,000

7,031,000

Adjustments To Net Income

296,000

2,500,000

Changes In Accounts Receivables

-252,000

1,037,000

Changes In Liabilities

506,000

-1,550,000

Operating Activities, Cash Flows Provided By or Used In

Depreciation

Changes In Inventories
Changes In Other Operating Activities
Total Cash Flow From Operating Activities

-54,000

-70,000

-6,069,000

-8,520,000

25,364,000

20,154,000

-17,003,000

-23,594,000

Investing Activities, Cash Flows Provided By or Used In

Capital Expenditures
Investments

768,000

2,118,000

Other Cash flows from Investing Activities

401,000

2,750,000

Total Cash Flows From Investing Activities

-15,834,000

-18,726,000

Dividends Paid

-6,639,000

-7,004,000

Sale Purchase of Stock

1,449,000

Net Borrowings

-1,278,000

Financing Activities, Cash Flows Provided By or Used In

Other Cash Flows from Financing Activities

Total Cash Flows From Financing Activities

Effect Of Exchange Rate Changes
Change In Cash and Cash Equivalents

-6,468,000
23,000
3,062,000

94,000
6,712,000

-198,000
-17,000
1,230,000

30-Jun-12
15,473,000

6,431,000
2,092,000
1,755,000
-1,212,000
16,000
-7,755,000
25,259,000

-21,130,000
-12,633,000
1,278,000

-32,485,000

-6,220,000
39,000
8,220,000

2,039,000
-30,000
(5,187,00

Flujo de caja actual ( se asume que se vende

todo lo que se produce)
Ingresos por ventas
Costos
Costo de Mina
Costo de planta
Costo TC/RC
Total costo operacionales
Margen de Contribucin o EBITDA
Depreciacion
Utilidad antes de Impuesto (UAI) o EBIT
impuestos 19%
Utilidad despues de Impuesto (UDI)
Utilidad Neta

2016
2017
1986220500 1896123900

109500000
350400000
132000
460032000

109500000
350400000
132000
460032000

1526188500 1436091900
336374000 336374000
1189814500 1099717900
226064755 208946401
963749745 890771499
1300123745 1227145499

2018
2019
2020
1801932000 2166413700 2256510300

109500000
350400000
132000
460032000

109500000
350400000
132000
460032000

109500000
350400000
132000
460032000

1341900000
336374000
1005526000
191049940
814476060
1150850060

1706381700
336374000
1370007700
260301463
1109706237
1446080237

1796478300
336374000
1460104300
277419817
1182684483
1519058483