CÁLCULO DE LEY DE CORTE

PLANEAMIENTO MINA
FECHA:
UBICACIÓN:
PLANEAMIENTO MINA

1.- Supuestos de Evaluación (Assumptions):

Caso Base Caso A Caso B

Rec. Au (ROM) 67.0% 63.0% 67.0%

Rec. Au (AGGLO) 80.0% 78.0% 80.0%

Precio y Venta 1,200 1,250 1,300

Costos de Venta 12.5 13 13

Au Payable 99.5% 99.5% 99.5%

2.- Datos Producción y Costos Ejecutados (Historical Cost and Production Data)
Periodo Ene-Jun16
Producción de Material Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Totales 2018
Direct Feed 211,225 337,295 306,679 408,980 432,782 329,021 498,835 465,606 505,322 459,864 688,338 425,919 5,069,866
Ore to Stock 257,538 204,247 38,235 160,912 59,600 128,451 70,376 116,441 125,024 78,775 78,518 91,069 1,409,186
Ore Mined 468,762 541,542 344,914 569,892 492,382 457,472 569,212 582,047 630,346 538,639 766,857 516,987 6,479,052 6,480,000
Waste Mined 338,297 421,675 330,034 560,268 533,071 692,136 535,884 628,911 574,347 605,667 311,791 603,405 6,135,486
Rehandle Ore - - 133,750 - 26,067 130,467 - - - - - - 290,283
Ore to Pad 211,225 337,295 440,429 408,980 458,849 459,488 498,835 465,606 505,322 459,864 688,338 425,919 5,360,149
Total tonnes moved 807,059 963,217 808,697 1,130,160 1,051,520 1,280,075 1,105,096 1,210,958 1,204,693 1,144,306 1,078,648 1,120,393 12,904,821

Total (k$) Cm_ore Cm_waste

OPERACIONES MINA (MINING COST)

PERFORACION 134,252 145,993 102,755 65,109 85,609 80,883 75,826 35,899 31,779 74,612 90,714 54,577 978 0.078 0.078
CAPACITACION - - -
VOLADURA 178,265 258,303 197,350 156,920 309,924 312,498 216,083 178,226 152,880 224,826 236,590 194,513 2,616 0.207 0.207
CARGUIO 112,198 107,038 133,888 123,390 171,913 167,749 169,462 171,931 189,908 150,942 174,921 84,191 1,758 0.271 -
REMANEJO DE RECHAZOS - - -
REMANEJO DE STOCKPILES
TRANSPORTE MINERAL 217,241 203,739 210,094 183,596 243,906 234,387 226,094 200,441 217,323 239,764 283,463 278,026 2,738 0.423 -
TRANSPORTE DESMONTE - - -
SOPORTE A LA OPERACIÓN 120,468 136,751 133,136 120,523 163,498 156,547 72,743 66,520 199,408 72,115 -87,370 75,719 1,230 0.098 0.098
MTTO DE VIAS 73,844 99,253 116,095 81,471 143,894 129,090 126,264 91,747 172,333 108,266 90,874 89,996 1,323 0.105 0.105
OPERAC. BOTADEROS 32,077 31,155 33,020 27,845 48,444 55,079 68,643 68,396 60,327 62,792 36,088 62,350 586 0.046 0.046
OTROS SERV. MINADO 10,657 14,812 19,096 62,654 44,485 9,538 13,505 47,117 15,797 6,988 72,833 89,736 407 0.032 0.032
CONTROL DE ESTABILIDAD (GEOTECNIA) - - -
OTRAS ACTIVIDADES AUXILIARES 11 12,974 17,420 -11,874 8,288 30,856 974 9,309 150 1,746 29,873 42,165 142 0.011 0.011
MOVILIZACION, ACUERDOS Y REINTEGROS 3,832 4 0.000 0.000
STRACON FEE OPEX 146,716 155,602 49,733 111,782 76,900 69,992 122,295 103,321 165,201 -33,240 87,312 88,653 1,144 0.091 0.091
Costos Mina Directos Unit. $/t 1.36 0.67
Costos Mina Directos k$ 8,826 4,101

999999 - ADMINISTRATIVOS 178,301 197,838 303,211 228,188 219,034 263,962 238,457 297,933 253,784 250,846 400,202 308,256 1,391 714.20 676.33
Costos Mina Adm Unit $/t 0.11 0.11
Costos Mina Adm Totales k$ 716 677
Costos Mina Totales Unit $/t 1.47 0.78
Costos Mina Totales k$ 9,541 4,778

OPERACIONES PLANTA (PROCESSING OPERATIVE COST) Cp_ore Cp_adm

PLANTA ADR - -
210004 - ADSORCION 22,508 29,906 30,280 31,333 34,947 65,868 43,946 44,150 37,572 60,770 29,014 57,211 488 0.1 -
COSTO DE CHANCADO
210003 - LIXIVIACION EN PILAS 214,310 242,941 293,566 322,574 307,063 339,078 412,929 310,072 405,818 376,992 392,608 432,050 4,050 0.6 -
210005 - DESORCION Y ELECTRODEPOSICION 9,410 7,576 42,857 27,585 58,418 33,713 89,946 18,694 36,641 45,110 52,716 44,061 467 0.1 -
210006 - FUNDICION 9,384 3,170 6,367 7,466 9,328 7,796 38,450 6,079 10,547 19,981 12,885 9,289 141 0.0 -
210007 - REACTIV.QUIM Y TERM/CARBON 2,536 2,345 3,538 13,363 8,208 9,610 6,906 6,138 23,874 16,035 8,015 6,206 107 0.0 -
210009 - INVESTIGACIONES METALURGICAS 1,347 641 333 26,973 2,852 9,609 43,667 -35,752 42,671 12,024 19,393 26,486 150 0.0 -
0010 - ABASTECIMIENTO DE AGUA PARA PLANTA 33,897 47,170 60,540 -41,582 -40,341 26,609 39,532 -14,082 2,079 29,819 67,379 -199 211 0.0 -
510102 - CONSTRUCCION DE ESTRUCTURAS - - -
999996 - STRACON FEE OPEX 595 5,824 5,728 -3,728 -3,424 2,291 4,738 3,406 5,664 4,588 3,590 3,623 33 0.0 -
999999 - ADMINISTRATIVOS 53,436 61,816 71,381 90,690 67,766 132,422 77,908 79,523 89,587 116,404 172,751 195,117 1,209 0.2 -
INGENIERIA ELECTRICA -
220001 - GENERACION DE ENERGIA 107,145 62,627 166,273 67,051 170,218 135,235 102,928 235,066 169,493 186,201 195,621 178,669 1,777 0.3 -
220003 - MANTTO. DE PLANTA 5,346 13,882 4,963 2,411 9,989 26,395 8,257 20,948 58,135 23,081 7,855 7,703 189 0.0 -
- MANTTO. DE INSTALACIONES DE PRODUCCIÓN 4,194 18,608 10,794 46,378 39,983 39,045 6,283 2,909 27,721 15,985 29,754 18,309 260 0.0 -
999996 - STRACON FEE OPEX 575 591 710 -102 -61 692 8 0 - 16 70 -15 2 0.0 -
999999 - ADMINISTRATIVOS 9,140 11,924 8,101 23,401 34,183 14,848 84,929 12,411 15,974 50,985 95,981 90,318 102 0.0 -
Costos Proceso Unit. $/t 1.4 -
Costos Proceso Total Unit. $/t ore 1.42
Costos Proceso $ 9,184 -

SERVICIOS TECNICOS (TECHNICAL SERVICES) k$ Cst_o16 Cst_o18

PLANEAMIENTO DE MINA Y TOPOGRAFIA 34,843 40,505 23,835 33,203 41,465 64,573 42,395 35,164 80,669 50,593 44,306 78,464 570 0.09 0.09
GEOLOGÍA MINA 160,363 173,153 135,209 123,519 132,535 246,275 157,066 108,165 101,936 126,134 146,631 169,027 1,780 0.27 0.27
MANTENIMIENTO MINA (MTTO. EQUIPOS) 117,627 114,748 174,771 180,371 178,881 189,480 197,275 202,688 118,827 179,199 220,784 184,572 2,059 0.32 0.32
SEGURIDAD MINERA 51,518 52,576 65,975 74,416 126,560 30,774 126,176 96,766 182,197 97,150 54,237 98,411 1,057 0.16 0.16
GESTION AMBIENTAL 143,406 127,063 170,403 126,826 186,305 217,245 231,082 138,129 170,387 187,083 207,337 306,941 2,212 0.15 0.15
Costos Serv Tec Unit. $/t 0.99 0.99
Costos Serv. Tec Total Unit. $/t ore 0.99 0.99
Costos Proceso $ 6,437 6,437

G & A OPERATIVOS (OPERATIVE G&A) ga_op16 ga_op18

3001 - ADMINISTRACIÓN 310,731 248,255 476,055 513,696 412,863 566,240 487,757 662,515 636,499 701,057 991,103 -652,961 5,353.81 0.83 0.83
310001 - ATENCIÓN DE COMEDORES 110,875 84,261 148,482 139,935 142,557 197,047 14,256 380,272 398,064 429,667 579,211 -775,592 1,849 0.29 0.29
310002 - ALOJAMIENTO Y VIVIENDA 90,828 84,499 139,220 121,083 77,087 197,094 62,807 73,155 73,285 80,112 155,106 33,215 1,187 0.18 0.18
999996 - STRACON FEE OPEX 1,772 2,601 47,421 27,521 45,921 44,697 31,425 29,061 24,856 -5,239 -41,010 1,182 210 0.03 0.03
999999 - ADMINISTRATIVOS 107,255 76,894 140,931 225,157 147,298 127,401 379,269 180,027 140,296 196,518 297,796 88,233 2,107 0.33 0.33
3002 - PROTECCIÓN INTERNA 232,868 230,109 247,558 235,320 230,528 254,489 278,059 263,811 206,520 229,210 233,294 231,413 2,873.18 0.44 0.44
350001 - SEGURIDAD CIVIL 203,982 182,470 195,405 190,313 187,985 194,244 195,431 220,315 163,665 181,755 177,698 173,515 2,267 0.35 0.35
999999 - ADMINISTRATIVOS 28,886 47,639 52,153 45,006 42,543 60,246 82,628 43,497 42,855 47,454 55,596 57,898 606 0.09 0.09
3003 - TALENTO HUMANO 50,950 45,036 93,524 90,418 100,697 85,974 118,336 116,555 68,106 104,037 99,646 126,295 1,099.57 0.17 0.17
330002 - CAPACITACION -729 128 10,670 736 5,728 6,907 11,017 6,864 7,957 4,801 5,738 838 61 0.01 0.01
330001 - ADMINISTRACION DE NOMINAS 3,574 1,565 3,443 6,239 3,964 4,148 5,291 3,085 3,735 3,764 5,704 3,749 48 0.01 0.01
330004 - BIENESTAR SOCIAL 6,834 7,044 6,254 14,228 34,364 10,808 10,694 13,315 9,218 12,606 29,542 70,693 226 0.03 0.03
330005 - SERVICIOS MÉDICOS 3,724 4,528 12,639 -920 -26 1,463 689 647 3,137 7,056 6,392 -3,661 36 0.01 0.01
330003 - DESARROLLO HUMANO 9,402 23,778 1,950 1,872 48,217 858 8 16,112 13,969 -29,598 87 0.01 0.01
999996 - STRACON FEE OPEX - - 15,733 7,564 8,345 10,355 5,556 5,190 1,710 1,661 -3,485 - 53 0.01 0.01
999999 - ADMINISTRATIVOS 37,547 31,770 35,384 38,793 46,372 50,421 36,872 86,595 42,342 58,037 41,785 84,275 590 0.09 0.09
3004 - COSTOS Y PRESUPUESTOS 11,060 11,443 13,413 14,176 14,291 14,424 11,711 11,109 14,561 12,832 15,650 13,735 158.41 0.02 0.02
999999 - ADMINISTRATIVOS 11,060 11,443 13,413 14,176 14,291 14,424 11,711 11,109 14,561 12,832 15,650 13,735 158.41 0.02 0.02
3005 - ORGANIZACIÓN Y MÉTODOS 4,840 5,546 6,026 8,591 6,110 6,502 6,969 5,454 6,020 6,131 41,877 924 104.99 0.02 0.02
999999 - ADMINISTRATIVOS 4,840 5,546 6,026 8,591 6,110 6,502 6,969 5,454 6,020 6,131 41,877 924 104.99 0.02 0.02

file:///conversion/tmp/scratch/423109687.xlsx Página 1
CÁLCULO DE LEY DE CORTE
PLANEAMIENTO MINA
FECHA:
UBICACIÓN:
PLANEAMIENTO MINA

3006 - LOGÍSTICA 81,036 142,271 327,494 116,443 158,400 239,027 176,890 161,411 152,198 54,693 305,133 195,737 2,111 0.33 0.33
340001 - APROVISIONAMIENTO 27,538 66,904 137,453 21,955 77,775 89,870 78,898 121,002 117,686 22,516 204,660 17,287 984 0.15 0.15
340002 - GESTIÓN DE ALMACENES 46,941 62,179 44,485 68,470 45,859 115,797 69,493 18,450 17,459 18,622 98,548 149,131 755 0.12 0.12
999999 - ADMINISTRATIVOS 6,557 13,188 145,556 26,018 34,766 33,360 28,499 21,958 17,053 13,555 1,926 29,319 372 0.06 0.06
3007 - CONTRATOS 9,286 7,320 8,048 4,981 7,193 7,307 7,372 6,694 6,871 6,800 7,795 8,245 87.91 0.01 0.01
999999 - ADMINISTRATIVOS 9,286 7,320 8,048 4,981 7,193 7,307 7,372 6,694 6,871 6,800 7,795 8,245 88 0.01 0.01
3008 - SISTEMAS Y COMUNICACIONES 8,833 9,240 17,270 63,777 40,872 32,679 40,757 17,024 17,990 67,407 26,489 25,916 368.25 0.06 0.06
320001 - SOPORTE Y COMUNICACIONES -7,340 97 22 17,292 2,300 3,092 33,198 -700 - 48.0 0.01 0.01
510102 - CONSTRUCCION DE ESTRUCTURAS - - -
999999 - ADMINISTRATIVOS 16,173 9,240 17,270 63,777 40,775 32,656 23,465 14,724 14,898 34,209 27,189 25,916 320.29 0.05 0.05
3009 - FINANZAS Y CONTABILIDAD 5,984 19 3,155 24,037 4,758 30,101 49,661 48,392 24,970 63,502 70,020 82,422 407.02 0.06 0.06
999999 - ADMINISTRATIVOS 5,984 19 3,155 24,037 4,758 30,101 49,661 48,392 24,970 63,502 70,020 82,422 407.02 0.06 0.06
Costos G&A Oper Unit. $/t 1.94 1.94
Costos Serv. Tec Total Unit. $/t ore 1.94 1.94
Costos Proceso k$ 12,564 12,564

G&A NO OPERATIVOS (NO-OPERATIVE G&A) g&a_no_oper

Costos Serv Tec Unit. $/t 0.54 -
Costos Serv. Tec Total Unit. $/t ore 0.54 0.54
Costos Proceso k$ 3,517

3.- Capex Operativos Presupuestados (Sustaining Capex)

AMPLIACIONES DEL BOTADERO DE DESMONTE (WASTE DUMP EXPANSIONS)

4.- Cambios en Opex Operativos (Changes in OPEX Cost)

PLANTA DE AGLOMERACION
Planta 12,000 GE Planta 12,000 SUB Planta 36,000

Labor (oper+mnto) 0.21 0.21 0.1

Cement 1.00 1.00 1.00
Lime 0 0 0
consumables (8%) 0.12 0.12 0.1
Power Credit (0.5 a 0.1) 0 -0.20 -0.2
Drenaje PAD #REF! #REF! #REF!
Leaching&refinery 1.42 1.42 1.42
Processing Cost ($/t ore) #REF! #REF! #REF!

5.- Cálculo de Ley de Corte (Cut-Off Grade Calculation)

Cbase 2018 2019 2020 - LOM
cm_ore 1.47 1.47 1.47 1.47 $/t ore
cm_waste 0.78 0.78 0.78 0.78 $/t waste
cp_ore 1.42 1.42 1.42 1.42 $/t ore
cst_ore 0.99 0.99 0.99 0.99 $/t ore
g&a_oper 1.94 1.94 1.94 1.94 $/t ore
g&a_no_oper 0.54 0.54 0.54 0.54 $/t ore
pl_chanc #REF! #REF! #REF!
abast_agua 0.23 0.20 0.20
Caso Base (1250 $/OZ) - ROM
Denominador 25.45
Cbase 2018 2019 2020 - LOM
Ley de Corte (all-in) 0.25 0.25 0.25
Ley de Corte (Break-Even) #REF! #REF! #REF!
Ley de Corte (Minimum) #REF! #REF! #REF!
Ley de Corte H2O (Minimum) #REF! #REF! #REF!

ANALISIS DE ESCENARIOS 2018 (MATERIAL ROM)

Escenario Precios
#REF! 1,000 1,100 1,200 1,300
55% #REF! #REF! #REF! #REF!
Recuperacion
Escenario

60% #REF! #REF! #REF! #REF!

65% #REF! #REF! #REF! #REF!
70% #REF! #REF! #REF! #REF!
73% #REF! #REF! #REF! #REF!

ANALISIS DE ESCENARIOS 2019 (MATERIAL AGLOM)

Escenario Precios
#REF! 1,000 1,100 1,200 1,300
60% #REF! #REF! #REF! #REF!
Recuperacion
Escenario

65% #REF! #REF! #REF! #REF!

70% #REF! #REF! #REF! #REF!
75% #REF! #REF! #REF! #REF!
80% #REF! #REF! #REF! #REF!

ANALISIS DE ESCENARIOS 2020 (MATERIAL AGLOMERADO)

Escenario Precios
#REF! 1,000 1,100 1,200 1,300
55% #REF! #REF! #REF! #REF!
Recuperacion
Escenario

60% #REF! #REF! #REF! #REF!

65% #REF! #REF! #REF! #REF!
70% #REF! #REF! #REF! #REF!
75% #REF! #REF! #REF! #REF!
80% #REF! #REF! #REF! #REF!
85% #REF! #REF! #REF! #REF!

file:///conversion/tmp/scratch/423109687.xlsx Página 2
1,200

file:///conversion/tmp/scratch/423109687.xlsx Página 3
1,100

file:///conversion/tmp/scratch/423109687.xlsx Página 4
1,000

file:///conversion/tmp/scratch/423109687.xlsx Página 5
1.- Supuestos de Evaluación (Assumptions):
Caso Base

Rec. Au (ROM) 78.6%

Rec. Au (AGGLO) 80.0%
Precio Au 1,272
Precio Ag 15
Costos de Venta 145.0
Au Payable 99.5%

LOM
ORE WASTE
ROM C&A
100001 - PERFORACION 0.20 0.20 0.20
100002 - VOLADURA 0.21 0.21 0.21
100003 - CARGUIO MINERAL 0.14 0.14
100004 - CARGUIO DESMONTE 0.14
100005 - TRANSPORTE MINERAL 0.58 0.34

100006 - TRANSPORTE DESMONTE 0.36

100007 - SOPORTE A LA OPERACIÓN 0.10 0.10 0.10

100008 - MTTO DE VIAS 0.10 0.10 0.10
100009 - OPERAC. BOTADEROS 0.05
100010 - OTROS SERV. MINADO 0.07 0.07 0.07

510014 - GESTION ADMINISTRATIVA 0.11 0.11 0.11

PIT DEWATERING 0.10 0.10 0.10

MANTENIMIENTO MINA (MTTO. EQUIPOS) 0.25 0.25 0.25
PLANEAMIENTO DE MINA Y TOPOGRAFIA 0.09 0.09 0.09

COSTO DIRECTO DE MINA 1.95 1.71 1.78

GEOLOGÍA MINA 0.27 0.27

SEGURIDAD MINERA 0.16 0.16
GESTION AMBIENTAL 0.15 0.15

2.50 2.26

0.00

TOTAL MINING COST 2.50 2.26 1.78

PROCESS COST
CRUSHER COST 0.58
AGLOMERADO COST 0.73
ADMINISTRATIVO COST 0.14
Confirmacion de pilas 0.29
generracion energia (C&a) 0.09
generracion energia (planta adr) 0.21 0.21 0.5
MANTENIMIENTO C&A 0.14
MANTENIMIENTO PLANTA 0.10 0.10
MANTENIMIENTO ADMINISTRATIVO 0.11 0.11
Leaching & Refinery ADR 1.10 1.10
Drainage 0.23 0.23

TOTAL PROCESS COST 2.04 3.42

G&A 1.50 1.50

TOTAL COST 6.04 7.18 1.78

Calculo de Cut of 0.213 0.25

Calculo de Cut of marginal 0.15 0.19

Calculo de Cut of marginal + Rehandle 0.16 0.19

Mineral ROM C&A

Calculo de Cut of g/tn 0.21 0.25
Equipos
Carguio Capacidad
Caterpillar 374 4.5 m3
Caterpillar 390 6 m3

Acarreo Capacidad
Volquete Actros 4143K 8X4
20 m3

Volquetes 8x4 SCANIA

20 m3