QPIT

Caso FASE MINERAL(Kton) DESMONTE(Kton) TOTAL(Kton) Au (Gr/t)

FASE 1 39,464 15,637 55,101 3.63
FASE 2 75,066 47,137 122,203 1.60
CASO BASE
FASE 3 55,220 55,914 111,134 0.97
FASE 4 83,348 91,660 175,008 0.57
TOTAL 253,098 210,349 463,447 1.44
FASE 1 39,466 15,691 55,157 3.63
FASE 2 75,507 47,358 122,866 1.60
CASO UA_1
FASE 3 61,826 60,443 122,269 0.96
FASE 4 78,697 87,908 166,605 0.54
TOTAL 255,496 211,401 466,896 1.43

- 2,398 - 1,052 - 3,450

-0.95% -0.50% -0.74%

QPIT
Caso FASE MINERAL(Kton) DESMONTE(Kton) TOTAL(Kton) Au (Gr/t)
FASE 1 10,744 1,155 11,900 4.87
FASE 2 28,783 8,637 37,420 2.97
CASO UA_2 FASE 3 82,953 55,047 137,999 1.63
FASE 4 54,517 57,260 111,777 0.93
Fase 5 83,348 91,660 175,008 0.57
TOTAL 260,345 213,759 474,103 1.42

- 7,247 - 3,410 - 10,657

-2.86% -1.62% -2.30%
Ag (Gr/t) CU % Aueqv (Gr/t) Fino in -situ
36.74 0.01 4.24 167,265.98
8.19 0.01 1.73 130,126.63
6.44 0.02 1.08 59,532.35
8.51 0.01 0.71 59,093.54
12.37 0.014 1.644 416,018.49
36.74 0.01 4.24 167,271.20
8.22 0.01 1.74 131,223.93
5.98 0.02 1.06 65,535.40
8.92 0.01 0.69 54,552.68
12.30 0.014 1.638 418,583.21

Ag (Gr/t) CU % Aueqv (Gr/t) Fino in -situ

71.90 0.01 6.06 65,147.93
20.67 0.01 3.31 95,406.64
9.69 0.01 1.79 148,551.55
6.14 0.02 1.03 56,207.47
8.51 0.01 0.71 59,093.54
12.35 0.010 1.630 424,407.13
Año Movimiento Mina(Ton) Alimentación Planta(Ton) Ley Au Equiv.(gr/ton)
2016 20,054,824 5,000,000 0.64
2017 31,967,175 16,900,000 1.43
2018 31,167,173 16,900,000 2.62
2019 30,867,173 16,900,000 3.48
2020 31,753,933 16,900,000 3.73
2021 31,906,639 16,900,000 3.52
2022 31,867,174 16,900,000 2.16
2023 31,525,234 16,900,000 1.19
2024 31,122,207 16,900,000 0.46
2025 30,767,173 16,900,000 0.79
2026 31,567,174 16,900,000 0.99
2027 31,930,472 16,900,000 1.45
2028 30,069,328 16,900,000 0.71
2029 31,167,173 16,900,000 0.66
2030 26,267,166 15,380,248 0.81
2031 9,271,258 6,660,135 0.82
Total 463,271,275 246,740,383 1.67

Año Mineral Ex Pit Desde Stock Estéril

2016 5,000,000 0 15,054,824
2017 16,900,000 0 15,067,175
2018 16,900,000 0 14,267,173
2019 16,900,000 0 13,967,173
2020 16,900,000 0 14,853,933
2021 16,900,000 0 15,006,639
2022 16,900,000 0 14,967,174
2023 16,900,000 0 14,625,234
2024 16,900,000 230 14,222,207
2025 16,900,000 0 13,867,173
2026 16,900,000 0 14,667,174
2027 16,900,000 0 15,030,472
2028 16,900,000 314 13,169,328
2029 16,900,000 0 14,267,173
2030 15,380,248 200 10,886,918.10
2031 6,660,135 118 2,611,123
Total 246,740,383 861,161 216,530,892
Stock baja ley(KTon) Stock Alta ley(KTon) Remanejo(KTon) Onzas de Oro Equivalente
414 96 0 82,831
0 65 0 623,394
0 6 0 1,136,883
0 6 0 1,514,288
0 16 0 1,619,706
0 13 0 1,529,263
0 26 0 937,953
0 2 0 517,219
0 3 230 201,634
0 95 0 343,239
0 70 0 429,536
0 39 0 629,418
0 7 314 309,782
0 4 0 286,709
0 0 200.00 319,672
0 0 118 140,338
414 0 861 10,621,864
448

Plan de Producción Caso Base

35,000,000

30,000,000

25,000,000

20,000,000
Tonelaje

15,000,000

10,000,000

5,000,000

0
2016 2017 2018 2019 2020 2021 2022 2023 2024 202

Periodo(Años)
10,000,000

5,000,000

0
2016 2017 2018 2019 2020 2021 2022 2023 2024 202

Periodo(Años)

Mi nera l Ex Pi t Des de Stock Estéri l

 Estéril
15,054,824
15,067,175
14,267,173
13,967,173
14,853,933
15,006,639
14,967,174
14,625,234
14,222,207
13,867,173
14,667,174
15,030,472
13,169,328
14,267,173
10,886,918
2,611,123
216,530,892

Producción Caso Base

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Periodo(Años)
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Periodo(Años)

x Pi t Des de Stock Estéri l

Año Mineral (Ton) Estéril(Ton) Remanejo (Ton) N° Camiones 777F
2016 5,000 15,055 - 14
2017 16,900 15,067 - 35
35,00
2018 16,900 14,267 - 31
2019 16,900 13,967 - 36 30,00
2020 16,900 14,854 - 37
25,00
2021 16,900 15,007 - 37
2022 16,900 14,967 - 34 20,00

KTon
2023 16,900 14,625 - 34
15,00
2024 16,900 14,222 230 32
2025 16,900 13,867 - 33 10,00
2026 16,900 14,667 - 32
5,00
2027 16,900 15,030 - 36
2028 16,900 13,169 314 37 -
2029 16,900 14,267 - 34
2030 15,380 10,887 200 41
2031 6,660 2,611 118 15
246,740,383 216,530,892 861,161

1000
Año Mineral (Ton) Estéril(Ton) Remanejo (Ton) N° Camiones 777F
2016 5 15 - 14
2017 17 15 - 35
2018 17 14 - 31
2019 17 14 - 36
2020 17 15 - 37
2021 17 15 - 37
2022 17 15 - 34
2023 17 15 - 34
2024 17 14 0 32
2025 17 14 - 33
2026 17 15 - 32
2027 17 15 - 36
2028 17 13 0 37
2029 17 14 - 34
2030 15 11 0 41
2031 7 3 0 15
 Número de camiones 777F por periodo Caso Base
35,000 50
45
30,000
41 40
36 37 37 36 37
25,000 35 35
34 34 33 34
32 32

N° de Camiones
31 30
20,000
25
KTon

15,000
20

10,000 14 15 15
10
5,000
5
- 0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
 50
45
41 40
35
N° de Camiones

30
25
20
15 15
10
5
0
2030 2031
Año Movimiento Mina(Ton) Alimentación Planta(Ton) Ley Au Equiv.(gr/ton)
2016 20,054,824 5,000,000 8.22
2017 32,000,024 16,900,000 4.47
2018 31,992,942 16,900,000 2.61
2019 31,913,329 16,900,000 1.24
2020 32,087,696 16,900,000 1.37
2021 32,000,024 16,900,000 2.05
2022 32,000,024 16,900,000 2.32
2023 32,000,025 16,900,000 1.55
2024 32,062,183 16,900,000 1.49
2025 32,000,025 16,900,000 1.06
2026 32,000,025 16,900,000 1.16
2027 32,000,025 16,900,000 0.54
2028 32,035,847 16,900,000 0.72
2029 31,892,337 16,900,000 0.66
2030 28,533,246 14,825,233 0.87
2031 10,918,419 6,058,914 1.11
Total 475,490,995 245,584,147 1.70

Año Mineral Ex Pit Desde Stock Estéril

2016 5,000,000 0 15,054,824
2017 16,900,000 0 15,100,024
2018 16,900,000 0 15,092,942
2019 16,900,000 0 15,013,329
2020 16,900,000 0 15,187,696
2021 16,900,000 0 15,100,024
2022 16,900,000 0 15,100,024
2023 16,900,000 0 15,100,025
2024 16,900,000 0 15,162,183
2025 16,900,000 0 15,100,025
2026 16,900,000 0 15,100,025
2027 16,900,000 0 15,100,025
2028 16,900,000 0 15,135,847
2029 16,900,000 692 14,992,337
2030 14,825,233 733.23 13,708,013
2031 6,058,914 0 4,859,505
Total 245,584,147 1,426 222,511,900
Stock baja ley(KTon) Stock Alta ley(KTon) Remanejo(KTon) Onzas de Oro Equivalente
692 0 0 1,321,235
0 40 0 2,428,220
0 26 0 1,415,964
0 63 0 674,294
0 31 0 741,669
0 36 0 1,113,319
0 31 0 1,259,480
0 20 0 840,559
0 5 0 807,958
0 8 0 577,578
0 23 0 628,653
0 22 0 293,408
0 373 0 391,210
0 49 692 360,239
0 0 733.23 413,725
0 0 0 216,811
692 727 1,426 13,484,323

Plan de Producción Caso UA 1

35,000,000
30,000,000
25,000,000
20,000,000
Tonelaje

15,000,000
10,000,000
5,000,000
0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20
Periodo(Años)

Mi nera l Ex Pi t Des de Stock Estéri l

 Estéril
15,054,824
15,100,024
15,092,942
15,013,329
15,187,696
15,100,024
15,100,024
15,100,025
15,162,183
15,100,025
15,100,025
15,100,025
15,135,847
14,992,337
13,708,013
4,859,505
229,906,848

ón Caso UA 1

2023 2024 2025 2026 2027 2028 2029 2030 2031

o(Años)

de Stock Estéri l
Año Mineral (Ton) Estéril(Ton) Remanejo (Ton) N° Camiones 777F
2016 5,000 15,055 - 15
2017 16,900 14,967 - 39
35,0
2018 16,900 15,067 - 34
2019 16,900 15,067 - 40 30,0
2020 16,900 14,804 - 39
25,0
2021 16,900 15,048 - 37
2022 16,900 14,667 - 38 20,0

Toneladas
2023 16,900 14,153 300 38
15,0
2024 16,900 15,155 - 36
2025 16,900 14,567 - 35 10,0
2026 16,900 14,467 411 36
5,0
2027 16,900 14,267 100 38
2028 16,900 15,056 - 38
2029 16,900 14,967 100 34
2030 14,873 10,994 927 45
2031 4,538 4,308 - 18
246,740,383 216,530,892 861,161

15.4007494768 39.14095675

1000
Año Mineral (Ton) Estéril(Ton) Remanejo (Ton) N° Camiones 777F
2016 5 15 - 15
2017 17 15 - 39
2018 17 15 - 34
2019 17 15 - 40
2020 17 15 - 39
2021 17 15 - 37
2022 17 15 - 38
2023 17 14 0 38
2024 17 15 - 36
2025 17 15 - 35
2026 17 14 0 36
2027 17 14 0 38
2028 17 15 - 38
2029 17 15 0 34
2030 15 11 1 45
2031 5 4 - 18
246,740 216,531 861
 Número de camiones 777F por periodo Caso UA 1
35,000 50
45 45
30,000
39 40 39 40
37 38 38 38 38
25,000 36 35 36
34 34 35

N° de Camiones
30
20,000
Toneladas

25
15,000
20
18
10,000 15 15
10
5,000
5
- 0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

33.84960235 39.92386483 38.91308928 36.79404831 37.6360916 38.02061381 36.41345069 35.29676325

 50
45 45
40
35
N° de Camiones

30
25
20
18
15
10
5
0
030 2031

36.34469933 37.50296799 37.89051259 34.01213359 45.0554447 18.34435127

Año Movimiento Mina(Ton) Alimentación Planta(Ton) Ley Au Equiv.(gr/ton)
2016 0 0 0.00
2017 0 0 0.00
2018 0 0 0.00
2019 0 0 0.00
2020 0 0 0.00
2021 0 0 0.00
2022 0 0 0.00
2023 0 0 0.00
2024 0 0 0.00
2025 0 0 0.00
2026 0 0 0.00
2027 0 0 0.00
2028 0 0 0.00
2029 0 0 0.00
2030 0 0 0.00
2031 0 0 0.00
Total 0 0 0.00

Año Mineral Ex Pit Desde Stock Estéril

2016 0 0 0
2017 0 0 0
2018 0 0 0
2019 0 0 0
2020 0 0 0
2021 0 0 0
2022 0 0 0
2023 0 0 0
2024 0 0 0
2025 0 0 0
2026 0 0 0
2027 0 0 0
2028 0 0 0
2029 0 0 0
2030 0 0.00 0
2031 0 0 0
Total 0 - 223,148,070
Stock baja ley(KTon) Stock Alta ley(KTon) Remanejo(KTon) Onzas de Oro Equivalente
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0.00 0
0 0 0 0
0 0 0 0

Plan de Producción Caso UA 2

1
1
1
1
1
Tonelaje

1
0
0
0
0
0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2
Periodo (Años)

Mi neral Ex Pi t Des de Stock Estéri l

 Estéril
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

A2

025 2026 2027 2028 2029 2030 2031

téri l
Año Mineral (Ton) Estéril(Ton) Remanejo (Ton) N° Camiones 777F
2016 5,000 15,055 - 13
2017 16,900 14,967 - 29
35,0
2018 16,900 15,067 - 29
2019 16,900 14,973 - 36 30,0
2020 16,900 15,145 - 39
25,0
2021 16,900 15,067 - 39
2022 16,900 14,867 - 42 20,0

KTon
2023 16,900 14,450 - 44
15,0
2024 16,900 13,751 221 39
2025 16,900 13,967 - 36 10,0
2026 16,900 14,667 - 36
5,0
2027 16,900 14,067 388 32
2028 16,900 14,481 - 31
2029 16,900 14,267 138 30
2030 16,900 14,267 - 42
2031 10,297 4,403 446 21
246,740,383 216,530,892 861,161

13.2337607033 29.34288706
1000
Año Mineral (Ton) Estéril(Ton) Remanejo (Ton) N° Camiones 777F
2016 5 15 - 13
2017 17 15 - 29
2018 17 15 - 29
2019 17 15 - 36
2020 17 15 - 39
2021 17 15 - 39
2022 17 15 - 42
2023 17 14 - 44
2024 17 14 0 39
2025 17 14 - 36
2026 17 15 - 36
2027 17 14 0 32
2028 17 14 - 31
2029 17 14 0 30
2030 17 14 - 42
2031 10 4 0 21
 Número de camiones 777F por periodo Caso UA 2
35,000 50
45
30,000 42 44
42
39 39 39 40
25,000 36 36 36 35
32

N° de Camiones
31 30 30
20,000 29 29
25
KTon

15,000 21 20

10,000 15
13
10
5,000
5
- 0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

29.12966827 36.29559076 39.26798258 38.7000425 42.3381055 43.50802638 39.10019633 35.72211846

 50
45
2
40
35
N° de Camiones

30
25
21 20
15
10
5
0
30 2031

35.52112515 32.23380443 31.28424264 30.12053746 41.73591589 21.20569698

 Movimiento Sin Remanejo
Año Caso Base Caso Proyecto
2016 20,054,824 20,054,824
2017 31,967,175 32,000,024
2018 31,167,173 31,992,942 Movimiento Mina Base vs 1
2019 30,867,173 31,913,329
35,000,000
2020 31,753,933 32,087,696
30,000,000
2021 31,906,639 32,000,024
25,000,000
2022 31,867,174 32,000,024

Toneladas
20,000,000
2023 31,525,234 32,000,025
15,000,000
2024 31,122,207 32,062,183
10,000,000
2025 30,767,173 32,000,025
5,000,000
2026 31,567,174 32,000,025
0
2027 31,930,472 32,000,025 2016 2017 2018 2019 2020 2021 2022 2023 2024 20
2028 30,069,328 32,035,847 Periodo(Años)
2029 31,167,173 31,892,337
2030 26,267,166 28,533,246 Caso Base Caso Pro
2031 9,271,258 10,918,419
Total 463,271,275 475,490,995

Ingresar en el 1, mi caso.

20054823.6 31867174.4 31967174.5 31873396.4 32044728.4 31967174.5

### ### ### ### ### ###

### ### ### ### ### ###

Movimiento Mina Base vs 1 vs 2

8 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo(Años)

Caso Base Caso Proyecto

31850292.5 31967174.5 30360123.2 30777172.8 30081584.6 31017173.1 31202425.8 31667174.1

### ### ### ### ### ### ### ###

### ### ### ### ### ### ### ###

31767174.2 14895598.1

### ###

### ###
 Alimentación a Planta
Año Caso Base Caso Proyecto
2016 5,000,000 5,000,000
2017 16,900,000 16,900,000
2018 16,900,000 16,900,000 Alimentación Ba
2019 16,900,000 16,900,000
18,000,000
2020 16,900,000 16,900,000 16,000,000
2021 16,900,000 16,900,000 14,000,000
2022 16,900,000 16,900,000 12,000,000

Toneladas
10,000,000
2023 16,900,000 16,900,000 8,000,000
2024 16,900,000 16,900,000 6,000,000
4,000,000
2025 16,900,000 16,900,000
2,000,000
2026 16,900,000 16,900,000 0
2027 16,900,000 16,900,000 2016 2017 2018 2019 2020 2021 20
2028 16,900,000 16,900,000 Perio
2029 16,900,000 16,900,000
2030 15,380,248 14,825,233 Caso Base
2031 6,660,135 6,058,914
Total 246,740,383 245,584,147

5000000 16900000 16900000 16900000 16900000 16900000 16900000 16900542.6

5,000,000.00 ### ### ### ### ### ### ###

 Alimentación Base vs _1 vs _2

17 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo (Años)

Caso Base Caso Proyecto

16900000 16900000 16901631.5 16900000 16900000 16902119.6 14873133.3 4537600.8

### ### ### ### ### ### ### ###

 Ley Oro Equivalente
Año Caso Base Caso Proyecto Le
2016 0.64 8.22 9.00
2017 1.43 4.47
8.00
2018 2.62 2.61
2019 3.48 1.24 7.00
2020 3.73 1.37 6.00
2021 3.52 2.05

Ley (gr/ton)
5.00
2022 2.16 2.32
2023 1.19 1.55 4.00
2024 0.46 1.49 3.00
2025 0.79 1.06
2.00
2026 0.99 1.16
2027 1.45 0.54 1.00
2028 0.71 0.72 0.00
2016 2017 2018 2019 2020 202
2029 0.66 0.66
2030 0.81 0.87
2031 0.82 1.11
Total 1.67 1.70 Las leyes tienen q ser mayor en los primeros años, mayor q el
Solo tenemos que hacerlo para la ley de oro equivalente

Ley Oro
Año Base Ua 1 Ua_2
2016 0.40 0.40 6.24
2017 1.24 1.86 4.21
2018 2.33 4.62 2.15
7.00
2019 3.08 2.97 1.03
2020 3.23 2.21 1.65 6.00
2021 3.18 2.39 3.14
5.00
2022 2.02 1.28 2.04
Ley (gr/Ton)

2023 1.08 0.98 0.56 4.00

2024 0.37 0.72 0.47
3.00
2025 0.68 0.96 0.99
2026 0.84 0.91 0.63 2.00
2027 1.25 0.37 0.65
1.00
2028 0.55 0.63 0.74
2029 0.53 0.54 0.51 0.00
2016 2017 2018 2019 202
2030 0.69 0.77 0.60
2031 0.69 0.87 0.84
Total 1.47 1.49 1.46

Ley de la Plata
Año Base Ua 1 Ua_2
100.0
90.0
80.0
70.0
)
 100.0
2016 14.6 14.6 86.4
90.0
2017 11.8 15.8 42.4
2018 17.3 40.8 13.6 80.0
2019 24.1 31.3 9.6 70.0

Ley(gr/ton)
2020 29.6 9.8 10.4 60.0
2021 20.5 7.4 10.3 50.0
2022 8.1 5.5 9.6 40.0
2023 6.9 6.3 3.7 30.0
2024 5.6 5.0 4.2 20.0
2025 6.6 8.8 7.6 10.0
2026 8.8 10.9 8.1 0.0
2016 2017 2018 2019 2
2027 11.9 9.4 9.6
2028 9.9 9.9 11.2
2029 7.9 8.0 7.7
2030 6.8 7.2 7.3
2031 7.8 9.3 8.0
Total 12.5 12.6 12.5
 Ley de Oro Equivalente

16 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Total

r en los primeros años, mayor q el caso base.

para la ley de oro equivalente

Ley de Oro
7.00

6.00

5.00

4.00

3.00

2.00

1.00

0.00
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Ley de la Plata
100.0
90.0
80.0
70.0
 Ley de la Plata
100.0
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
 Mina a stock Baja ley
Año Caso BaseCaso Proyecto
2016 414 692
2017 0 0 Stock_Baja
2018 0 0 800
2019 0 0
2020 0 0 700
2021 0 0 600
2022 0 0

Tonelaje (Kton)
2023 0 0 500
2024 0 0 400
2025 0 0
2026 0 0 300
2027 0 0 200
2028 0 0
2029 0 0 100
2030 0 0 0
2031 0 0 2016 2017 2018 2019 2020 2021

Total 414 641

Mina a stock Alta ley

Año Caso BaseCaso Proyecto
2016 96
2017 65 40
2018 6 26 Stock Alta
2019 6 63
400
2020 16 31
2021 13 36 350
2022 26 31
300
2023 2 20
Tonelaje(Kton)

2024 3 5 250
2025 95 8 200
2026 70 23
150
2027 39 22
2028 7 373 100
2029 4 49 50
2030 0
2031 0 0
2016 2017 2018 2019 2020 2021 20
2032 0 0
Total 448 727
 1000
Mina a stock Baja ley
Año Base Ua Ua_2
2016 0 0 0
2017 0 0 0
2018 0 0 0
2019 0 0 0
2020 0 0 0
2021 0 0 0
2022 0 0 0
2023 0 0 0
2024 0 0 0
2025 0 0 0
2026 0 0 0
2027 0 0 0
2028 0 0 0
2029 0 0 0
2030 0 0 0
2031 0 0 0
Total 0 0 0
 Stock_Baja ley Base vs UA_1 vs UA_2

8 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Stock Alta ley Base vs 1 vs 2

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Remanejo(Toneladas)
Año Caso BaseCaso Proyecto Re
2016 0 800000
2017 0
700000
2018 0
2019 0 600000

2020 0 500000
2021 0

Tonelaje
400000
2022 0
2023 0 300000
2024 229,756
200000
2025 0
2026 0 100000
2027 0 0
2028 313,868 2016 2017 2018 2019 2020 2021
2029 0 692,313
2030 200,000 733,228
2031 117,537
Total 861,161 1,425,541

1000

Remanejo(Kton)
Año Base Ua_1 Ua_2
2016 0 0 0
Compar
2017 0 0 0
2018 0 0 0 800
2019 0 0 0 700
2020 0 0 0
600
2021 0 0 0
Tonelaje (Kton)

2022 0 0 0 500
2023 0 0 0 400
2024 230 0 0 300
2025 0 0 0
2026 0 0 0 200
2027 0 0 0 100
2028 314 0 0 0
2029 0 692 0 2016 2017 2018 2019 2020

2030 200 733 0

2031 118 0 0
Total 861 1,426 0
 Remanejo Base vs 1 vs 2

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

Comparación Remanejos de los planes

016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
2030 2031
 Análisis Horas Camión 777F
Periodo Horas Caso Base Horas Caso 1 Horas Caso 2
2016 85,907 92,935 79,859
2017 207,855 233,349 174,935 Comparac
2018 184,086 199,367 171,567 300,000
2019 210,921 232,298 211,187
2020 210,023 223,671 225,711 250,000
2021 210,123 208,697 219,744 200,000

Horas Camión
2022 191,801 210,878 237,474
2023 186,264 210,435 241,058 150,000
2024 177,213 198,859 213,986 100,000
2025 180,195 190,316 193,102
50,000
2026 172,382 193,784 189,656
2027 190,777 197,432 169,985 -
2028 194,462 196,926 162,941 2016 2017 2018
2029 173,774 174,674 154,939
2030 206,932 228,462 212,025
2031 76,525 91,742 106,389 Horas
Total 2,859,241 3,083,826 2,964,557
 Comparación Horas del Camión 777F entre los planes
300,000

250,000

200,000
Horas Camión

150,000

100,000

50,000

-
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo(Años)

Horas Caso Base Horas Caso 1 Horas Caso 2

 Gramos de Metal Producido %Recup Au %Recup Ag
Año Caso Base Caso Proyecto Ua_2 80 60
2016 2,576,320 41,095,000 -
2017 19,389,708 75,526,100 - Gramo
2018 35,361,019 44,041,400 -
80,000,000
2019 47,099,624 20,972,900 -
70,000,000
2020 50,378,494 23,068,500 -
60,000,000
2021 47,565,388 34,628,100 -
2022 29,173,591 39,174,200 - 50,000,000

Gramos
2023 16,087,313 26,144,300 - 40,000,000
2024 6,271,522 25,130,300 - 30,000,000
2025 10,675,933 17,964,700 - 20,000,000
2026 13,360,058 19,553,300 - 10,000,000
2027 19,577,095 9,126,000 - -
2028 9,635,298 12,168,000 - 2016 2017 2018 2019 2

2029 8,917,657 11,204,700 -

2030 9,942,900 12,868,302 -
2031 4,364,999 6,743,571 -
Total 330,376,920 419,409,374 -

Oz de Oro Equivalente
Año Base 1 2
2016 82,831 1,321,235 - Comparai
2017 623,394 2,428,220 - 3,000,000
2018 1,136,883 1,415,964 - 2,500,000
2019 1,514,288 674,294 - 2,000,000
2020 1,619,706 741,669 -
Onzas

1,500,000
2021 1,529,263 1,113,319 -
1,000,000
2022 937,953 1,259,480 -
500,000
2023 517,219 840,559 -
-
2024 201,634 807,958 - 2016 2017 2018 2019
2025 343,239 577,578 -
2026 429,536 628,653 -
2027 629,418 293,408 -
2028 309,782 391,210 -
2029 286,709 360,239 -
2030 319,672 413,725 -
2031 140,338 216,811 -
Total 10,621,864 13,484,323 -

Oz de Oro Producido
Año Base Ua_1 Ua_2

2,500,000
Onzas

2,000,000
 2016 51,698 51,693 -
2017 538,131 807,671 - 2,500,000

Onzas
2018 1,011,496 2,006,413 -
2,000,000
2019 1,339,678 1,290,133 -
2020 1,405,314 959,943 - 1,500,000
2021 1,380,972 1,039,893 -
1,000,000
2022 878,919 557,648 -
2023 467,279 426,780 - 500,000
2024 161,266 311,447 -
-
2025 295,581 415,783 - 2016 2017 2018 2019 20
2026 365,564 395,305 -
2027 543,348 160,118 -
2028 238,638 273,725 -
2029 229,510 235,317 -
2030 274,539 292,151 -
2031 118,028 135,790 -
Total 9,297,343 9,382,886 -

Millones de Oz de Plata Producido

Año Base Ua_1 Ua_2
Comparación e
2016 1.41 1.41 - 14.00
12.00
2017 3.85 5.15 -

Millones de Onzas
10.00
2018 5.64 13.32 - 8.00
2019 7.87 10.19 - 6.00
2020 9.66 3.19 - 4.00
2021 6.68 2.40 - 2.00
2022 2.65 1.79 - -
2016 2017 2018 2019 2020
2023 2.24 2.04 -
2024 1.82 1.62 -
2025 2.15 2.86 -
2026 2.88 3.55 - Base
2027 3.87 3.07 -
2028 3.21 3.23 -
2029 2.57 2.61 -
2030 2.03 2.07 -
2031 1.00 1.09 -
Total 59.53 59.68 -

1000000
 Facto de conversión Unidad
31.10 gr/oz troy

Gramos de Metal Base vs UA_1 vs UA_2

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Año

Cas o Ba se Ca so Proyecto

Comparaión de Oz de Oro Equivalente Producidas

0
0
0
0
0
0

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo(Años)

Base 1 2

Oz de Oro Producido
 Oz de Oro Producido

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo(Años)

Bas e Ua_1 Ua _2

Comparación en Millones de Oz de Plata Producida

16 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo(Años)

Base Ua_1 Ua_2

0 2031

029 2030 2031

Año Caso Base Caso 1
Oz oro Equiv. Oz de oro Oz Plata(Millones) Oz oro Equiv. Oz de oro
2016 82,831 51,698 1.41 1,321,235 51,693
2017 623,394 538,131 3.85 2,428,220 807,671
2018 1,136,883 1,011,496 5.64 1,415,964 2,006,413
2019 1,514,288 1,339,678 7.87 674,294 1,290,133
2020 1,619,706 1,405,314 9.66 741,669 959,943
2021 1,529,263 1,380,972 6.68 1,113,319 1,039,893
2022 937,953 878,919 2.65 1,259,480 557,648
2023 517,219 467,279 2.24 840,559 426,780
2024 201,634 161,266 1.82 807,958 311,447
2025 343,239 295,581 2.15 577,578 415,783
2026 429,536 365,564 2.88 628,653 395,305
2027 629,418 543,348 3.87 293,408 160,118
2028 309,782 238,638 3.21 391,210 273,725
2029 286,709 229,510 2.57 360,239 235,317
2030 319,672 274,539 2.03 413,725 292,151
2031 140,338 118,028 1.00 216,811 135,790
Total 10,621,864 9,297,343 59.53 13,484,323 9,382,886
Caso 1 Caso 2
Oz Plata(Millones) Oz oro Equiv. Oz de oro Oz Plata(Millones)
1.41 - - -
5.15 - - -
13.32 - - -
10.19 - - -
3.19 - - -
2.40 - - -
1.79 - - -
2.04 - - -
1.62 - - -
2.86 - - -
3.55 - - -
3.07 - - -
3.23 - - -
2.61 - - -
2.07 - - -
1.09 - - -
59.68 - - -
Items 0 2027 2028
Ingresos Operacionales(U$) $ 755,301,794 371738406.1205
(-)Costo de Venta $ 188,825 92934.60153012
(-)Costos(OPEX)
Costo Mina $ 108,839,670 109157663.3261
Costo Re manejo(Rehandle) $0 94160.4
Costo Proceso $ 30,927,000 30927000
(-) Depreciación Lineal Inversión 10 años $0 0
Utilidad antes de imptos $ 615,346,298 231466647.7928
(-)Impuestos ( 24%) $ 147,683,112 55551995.47028
Utilidad después de imptos $ 467,663,187 175914652.3225
(+)Depreciación Lineal Inversión 10 años $0 0
(-)Inversión(CAPEX)
$ 2,000,000,000.00
Adquisición Y Cambio de Camiones 777 $ 346,500,000
Inversión Rampas Temporales $ 20,000,000
Flujo de caja -$ 2,366,500,000 $ 467,663,187 $ 175,914,652
Payback -$ 2,366,500,000 $ 5,758,601,282 $ 5,934,515,934
VAN(15%) $ 1,581,861,152
TIR 28%
 2029 2030 2031
$ 344,051,153 $ 383,605,941 $ 168,405,560
$ 86,013 $ 95,901 $ 42,101

$ 100,638,804 $ 112,031,563 $ 41,111,482

$0 $ 60,000 $ 35,261
$ 30,927,000 $ 28,145,854 $ 12,188,047
$0 $0 $0
$ 212,399,336 $ 243,272,622 $ 115,028,669
$ 50,975,841 $ 58,385,429 $ 27,606,881
$ 161,423,496 $ 184,887,193 $ 87,421,788
$0 $0 $0

$ 161,423,496 $ 184,887,193 $ 87,421,788

$ 6,095,939,430 $ 6,280,826,623 $ 6,368,248,411
Items 0 2027 2028
Ingresos Operacionales(U$) $ 273,930,629 414698507.0481
(-)Costo de Venta $ 68,483 103674.626762
(-)Costos(OPEX)
Costo Mina $ 111,284,764 111625196.9142
Costo Re manejo(Rehandle) $ 29,988 0
Costo Proceso $ 30,927,000 30927000
(-) Depreciación Lineal Inversión 10 años $0 0
Utilidad antes de imptos $ 131,620,394 272042635.5071
(-)Impuestos ( 24%) $ 31,588,895 65290232.5217
Utilidad después de imptos $ 100,031,500 206752402.9854
(+)Depreciación Lineal Inversión 10 años $0 0
(-)Inversión(CAPEX)
$ 2,000,000,000.00
Adquisición Y Cambio de Camiones 777 $ 382,500,000
Inversión inicial para caminos y otros $ 10,000,000
Flujo de caja -$ 2,392,500,000 $ 100,031,500 $ 206,752,403
Payback -$ 2,392,500,000 $ 5,657,879,656 $ 5,864,632,059
VAN(15%) $ 1,880,382,330
TIR 32%
 2029 2030 2031
$ 351,927,519 $ 407,172,603 $ 143,775,725
$ 87,982 $ 101,793 $ 35,944

$ 101,547,451 $ 121,432,460 $ 47,653,048

$ 30,000 $ 278,037 $0
$ 30,927,000 $ 27,217,834 $ 8,303,809
$0 $0 $0
$ 219,335,086 $ 258,142,479 $ 87,782,923
$ 52,640,421 $ 61,954,195 $ 21,067,902
$ 166,694,665 $ 196,188,284 $ 66,715,022
$0 $0 $0

$ 166,694,665 $ 196,188,284 $ 66,715,022

$ 6,031,326,725 $ 6,227,515,009 $ 6,294,230,030
Items 0 2016 2017
Ingresos Operacionales(U$) $ 1,185,586,179 $ 2,563,579,864
(-)Costo de Venta $ 296,397 $ 640,895
(-)Costos(OPEX)
Costo Mina $ 50,375,914 $ 101,665,281
Costo Re manejo(Rehandle) $0 $0
Costo Proceso $ 9,150,000 $ 30,927,000
(-) Depreciación Lineal Inversión 10 años $ 240,100,000 $ 240,100,000
Utilidad antes de imptos $ 885,663,868 $ 2,190,246,688
(-)Impuestos ( 24%) $ 212,559,328 $ 525,659,205
Utilidad después de imptos $ 673,104,540 $ 1,664,587,483
(+)Depreciación Lineal Inversión 10 años $ 240,100,000 $ 240,100,000
(-)Inversión(CAPEX)
$ 2,000,000,000.00
Adquisición Y Cambio de Camiones 777 $ 351,000,000
Inversión inicial para caminos y otros $ 50,000,000
Flujo de caja -$ 2,401,000,000 $ 913,204,540 $ 1,904,687,483
Payback -$ 2,401,000,000 -$ 1,487,795,460 $ 416,892,023
VAN(15%) $ 2,242,962,020
TIR 42% (Recordar TIR se calcula con VAN = 0)

costo de venta: costo de venta * fino

costo mina: costo mina * movimiento total (e+m) 3
costo de proceso: costo de planta
Deprecciacion: dada
 2018 2019 2020 2021 2022 2023
$ 1,241,362,266 $ 622,410,282 $ 950,839,106 1727485330.902 $ 1,145,249,733 $ 324,433,263
$ 310,341 $ 155,603 $ 237,710 431871.3327255 $ 286,312 $ 81,108

$ 100,221,708 $ 117,982,857 $ 124,642,299 $ 121,901,116 $ 129,735,591 $ 131,048,150

$0 $0 $0 $0 $0 $0
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000
$ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000
$ 869,803,217 $ 233,244,823 $ 554,932,097 1334125343.465 $ 744,200,829 -$ 77,722,995
$ 208,752,772 $ 55,978,757 $ 133,183,703 320190082.4315 $ 178,608,199 -$ 18,653,519
$ 661,050,445 $ 177,266,065 $ 421,748,394 1013935261.033 $ 565,592,630 -$ 59,069,476
$ 240,100,000 $ 240,100,000 $ 240,100,000 240100000 $ 240,100,000 $ 240,100,000

$ 901,150,445 $ 417,366,065 $ 661,848,394 1254035261.033 $ 805,692,630 $ 181,030,524

$ 1,318,042,468 $ 1,735,408,533 $ 2,397,256,927 3651292187.642 $ 4,456,984,818 $ 4,638,015,342

e calcula con VAN = 0)

movimiento total (e+m) 32m aprox.

 2024 2025 2026 2027 2028 2029
$ 281,201,923 $ 582,809,373 $ 398,904,045 $ 420,811,819 481944939.9231 $ 334,218,736
$ 70,300 $ 145,702 $ 99,726 $ 105,203 120486.2349808 $ 83,555

$ 118,362,429 $ 109,120,309 $ 108,073,692 $ 98,789,562 95917672.55556 $ 92,162,732

$ 66,192 $0 $0 $ 116,394 0 $ 41,511
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 30927000 $ 30,927,000
$ 240,100,000 $ 240,100,000 $ 240,100,000 $0 0 $0
-$ 108,323,998 $ 202,516,362 $ 19,703,628 $ 290,873,660 354979781.1326 $ 211,003,938
-$ 25,997,760 $ 48,603,927 $ 4,728,871 $ 69,809,678 85195147.47182 $ 50,640,945
-$ 82,326,239 $ 153,912,435 $ 14,974,757 $ 221,063,982 269784633.6608 $ 160,362,993
$ 240,100,000 $ 240,100,000 $ 240,100,000 $0 0 $0

$ 157,773,761 $ 394,012,435 $ 255,074,757 $ 221,063,982 $ 269,784,634 $ 160,362,993

$ 4,795,789,103 $ 5,189,801,538 $ 5,444,876,295 $ 5,665,940,277 $ 5,935,724,910 $ 6,096,087,903
 2030 2031
$ 379,061,862 $ 309,296,687
$ 94,765 $ 77,324

$ 117,851,468 $ 58,459,372
$0 $ 133,806
$ 30,927,000 $ 18,844,293
$0 $0
$ 230,188,628 $ 231,781,892
$ 55,245,271 $ 55,627,654
$ 174,943,358 $ 176,154,238
$0 $0

$ 174,943,358 $ 176,154,238
$ 6,271,031,261 $ 6,447,185,499
 Flujo Descontado
Año Base Ua_1 Ua_2
2016 85,010,260 83,229,549 913,204,540
2017 513,105,252 777,444,996 1,904,687,483 Ch
2018 989,857,552 2,047,157,128 901,150,445 2,500,000,000
2019 1,324,951,139 1,319,659,979 417,366,065
2020 1,420,890,351 879,941,856 661,848,394 2,000,000,000
2021 1,338,308,884 941,810,358 1,254,035,261
2022 805,456,623 489,293,170 805,692,630 1,500,000,000

2023 423,924,531 375,305,448 181,030,524

1,000,000,000
2024 139,446,666 265,225,003 157,773,761
2025 267,784,875 388,559,486 394,012,435
500,000,000
2026 348,701,962 382,721,184 255,074,757
2027 467,663,187 100,031,500 221,063,982 -
2028 175,914,652 206,752,403 269,784,634 2016 2017 2018 2019 2020 2021
2029 161,423,496 166,694,665 160,362,993 Bas e
2030 184,887,193 196,188,284 174,943,358
2031 87,421,788 66,715,022 176,154,238
Total

Flujo Descontado
Año Base 1 _2
2016 85 83 913 Flu
2017 513 777 1,905
2,500
2018 990 2,047 901
Flujos en US$ Millones

2019 1,325 1,320 417 2,000

2020 1,421 880 662 1,500
2021 1,338 942 1,254
2022 805 489 806 1,000
2023 424 375 181 500
2024 139 265 158
-
2025 268 389 394 2016 2017 2018 2019 2020
2026 349 383 255
2027 468 100 221
2028 176 207 270
2029 161 167 160
2030 185 196 175
2031 87 67 176
Total

1000000
Flujo Descontado
Año Base Ua_1 Ua_2
2016 85 83 912
2017 513 777 1,903
2018 989 2,047 900
2019 1,324 1,319 416
2020 1,420 880 661
2021 1,338 1,145 1,253
2022 805 430 814
2023 423 217 170
2024 139 263 227
2025 267 562 636
2026 348 259 124
2027 468 78 108
2028 176 176 176
2029 161 162 165
2030 185 168 173
2031 87 89 181
 85010260.2 513105252
Chart Title
83229548.5 777444996

913204540 1904687483

6 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Bas e Ua_1 Ua_2

Flujos descontados
0

-
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo(Años)

Base 1 _2
989857552 1324951139 1420890351 1338308884 805456623 423924531 139446666 267784875

2047157128 1319659979 879941856 941810358 489293170 375305448 265225003 388559486

901150445 417366065 661848394 1254035261 805692630 181030524 157773761 394012435

348701962 467663187 175914652 161423496 184887193 87421788.3

382721184 100031500 206752403 166694665 196188284 66715021.6

255074757 221063982 269784634 160362993 174943358 176154238

 Variable Units Phase Totals
1 Ore_to_Crusher Ton All 246,750,752.00
2 Rehandle Ton All 861,160.70
3 Waste Ton All 216,520,523.40
4 Ley_Au gr/ton All 1.4653
5 Ley_Ag gr/ton All 12.50773
6 Ley_Aueqv gr/ton All 1.67367
7 Total Material Movido Ton All 464,132,436.10
8 Total Material sin rehandle Ton All 463,271,275.40
9 Mina-Crusher Ton All 245,889,591.40
10 Mina-Stock_lg Ton All 413,593.80
11 Mina-Stock_hg Ton All 447,566.80
12 Ton_Fase Ton 1 55,050,234.10
2 122,125,285.00
3 111,071,472.90
4 175,024,283.40
 2016 2017 2018 2019 2020 2021 2022
5,000,000.00 16,900,000.00 16,900,000.00 ### ### ### ###
0 0 0 0 0 0 0
14,545,579.90 15,001,815.70 14,261,647.40 ### ### ### ###
0.40201 1.23757 2.32716 3.0816 3.23277 3.17668 2.02229
14.58471 11.801 17.30219 24.14535 29.63209 20.49844 8.13648
0.64408 1.43415 2.61546 3.4837 3.72622 3.51815 2.15781
20,054,823.60 31,967,174.50 31,167,173.30 ### ### ### ###
20,054,823.60 31,967,174.50 31,167,173.30 ### ### ### ###
5,000,000.00 16,900,000.00 16,900,000.00 ### ### ### ###
413,593.80 0.00 0.00 0.00 0.00 0.00 0.00
95,649.90 65,358.80 5,525.90 6,019.30 15,817.70 13,416.10 26,030.50
8,122,203.60 15,967,151.30 8,000,011.60 ### ### ### 0.00
11,932,620.00 16,000,023.20 23,167,161.70 ### ### ### ###
0 0 0 0 ### ### ###
0 0 0 0 0 0 0
 2023 2024 2025 2026 2027 2028 2029 2030
### ### ### ### ### ### ### ###
0 229,756.00 0 0 0 313,868.00 0 200,000.00
### ### ### ### ### ### ### ###
1.07522 0.37072 0.67976 0.84103 1.25024 0.54851 0.52817 0.69402
6.8807 5.58529 6.59175 8.82754 11.86812 9.85247 7.88171 6.84047
1.18989 0.46387 0.78964 0.98817 1.44801 0.71267 0.65959 0.80809
### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,937.70 2,632.50 95,046.70 69,972.30 39,256.30 6,503.20 4,399.80 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
### 0 0 0 0 0 0 0
### ### ### ### ### 0 0 0
0 ### ### ### ### ### ### ###
 2031 2032 2033
### 0 0
117,536.70 0 0
### 0 0
0.68943 0 0
7.79329 0 0
0.81924 0 0
### 0 0
### 0 0
### 0 0
0.00 0 0
0.00 0 0
0.00 0 0
0 0 0
0 0 0
### 0 0
 Variable Units Phase Totals
1 Ore_to_Crusher Ton All 244,115,027.80
2 Rehandle Ton All 1,837,756.60
3 Waste Ton All 222,606,239.40
4 Ley_Au gr/ton All 1.49
5 Ley_Ag gr/ton All 12.59664
6 Ley_Aueqv gr/ton All 1.69528
7 Total Material Movido Ton All 468,559,023.70
8 Total Material sin rehandle Ton All 466,721,267.10
9 Mina-Crusher Ton All 242,277,271.20
10 Mina-Stock_lg Ton All 640,965.80
11 Mina-Stock_hg Ton All 1,196,790.80
12 Ton_Fase Ton 1.00 55,105,733.40
2.00 122,787,993.00
3.00 122,198,325.20
4 166,629,215.60
 2016 2017 2018 2019 2020 2021 2022 2023
5,000,000.00 16,900,000.00 16,900,000.00 ### ### ### ### ###
0.00 0.00 0.00 0.00 0.00 0.00 0.00 300,000.40
14,547,401.40 14,927,890.70 14,813,263.70 ### ### ### ### ###
0.40 1.86 4.62 2.97 2.21 2.39 1.28 0.98
14.58766 15.80885 40.84705 31.25584 9.78069 7.36607 5.49753 6.25793
0.64407 2.12141 5.29592 3.48874 2.37145 2.51497 1.37455 1.08602
20,054,823.60 31,867,174.40 31,967,174.50 ### ### ### ### ###
20,054,823.60 31,867,174.40 31,967,174.50 ### ### ### ### ###
5,000,000.00 16,900,000.00 16,900,000.00 ### ### ### ### ###
413,396.10 0.00 227,569.70 0.00 0.00 0.00 0.00 0.00
94,026.10 39,283.70 26,341.00 9,091.00 6,979.90 352,048.30 37,185.30 80,161.60
8,122,203.60 19,900,028.90 15,000,021.80 ### 902,467.10 80,996.10 0.00 0.00
11,932,620.00 11,967,145.50 16,967,152.80 ### ### ### ### ###
0.00 0.00 0.00 ### 100,274.10 ### ### ###
0 0 0 0.00 0.00 0.00 0.00 ###
 2024 2025 2026 2027 2028 2029 2030 2031
### ### ### ### ### ### ### ###
0.00 0.00 411,006.10 99,959.80 0.00 100,000.10 926,790.10 0.00
### ### ### ### ### ### ### ###
0.72 0.96 0.91 0.37 0.63 0.54 0.77 0.87
4.9801 8.7594 10.87869 9.40574 9.92284 7.99768 7.24713 9.31052
0.79949 1.1025 1.09086 0.52516 0.79503 0.67469 0.88698 1.02659
### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
81,601.90 43,668.70 86,006.90 54,978.00 280,748.40 4,670.10 0 0
0.00 0.00 0.00 0.00 0.00 0.00 0 0
0.00 0.00 0 0 0 0 0 0
### ### ### 200,000.30 ### 0.00 0.00 0
### ### ### ### ### ### ### ###
2032 2033
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
 Variable Units
1 Ore_to_Crusher Ton
2 Rehandle Ton
3 Waste Ton
4 Ley_Au gr/ton
5 Ley_Ag gr/ton
6 Ley_Aueqv gr/ton
7 Total Material Movido Ton
8 Total Material sin rehandle Ton
9 Mina-Crusher Ton
10 Mina-Stock_lg Ton
11 Mina-Stock_hg Ton
12 Ton_Fase Ton
Phase Totals 2,016.00 2,017.00 2,018.00 2,019.00 2,020.00
All 251,917,968.00 5,000,000.00 ### ### ### ###
All 1,193,009.70 0 0 0 0 0
All 223,442,396.70 ### ### ### ### ###
All 1.46 6.24 4.21 2.15 1.03 1.65
All 12.46 86.37 42.37 13.64 9.59 10.40
All 1.67 7.68 4.91 2.38 1.19 1.82
All 476,553,374.40 ### ### ### ### ###
All 475,360,364.60 ### ### ### ### ###
All 250,724,958.20 5,000,000.00 ### ### ### ###
All 508,871.90 0.00 147,518.10 361,353.80 0.00 0.00
All 684,137.90 59,814.30 34,612.10 16,167.10 33,398.70 5,813.20
1.00 11,905,263.30 4,111,238.80 3,700,005.40 3,000,004.40 1,094,014.80 0.00
2.00 37,415,002.80 1,002,741.20 ### ### 6,212,217.90 0.00
3.00 138,003,093.00 ### ### ### ### ###
4 111,717,814.40 0 0 0 1,500,002.20 501,370.60
5 176,319,191.00 0 0 0 0 0
 2,021.00 2,022.00 2,023.00 2,024.00 2,025.00 2,026.00 2,027.00 2,028.00
### ### ### ### ### ### ### ###
0 0 0 220,640.10 0 0 387,980.20 0
### ### ### ### ### ### ### ###
3.14 2.04 0.56 0.47 0.99 0.63 0.65 0.74
10.33 9.58 3.70 4.23 7.57 8.05 9.55 11.19
3.31 2.20 0.62 0.54 1.12 0.76 0.81 0.92
### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
0.00 0.00 0.00 0.00 0 0 0 0
6,164.90 77,357.00 22,746.80 27,289.00 80,657.80 74,096.50 61,498.90 41,699.20
0.00 0.00 0.00 0.00 0.00 0 0 0
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
### ### 683,119.10 0.00 0.00 0.00 0.00 0.00
6,800,009.90 ### ### ### ### 4,200,006.10 3,000,004.30 8,050,068.40
0 0 4,200,006.10 6,918,914.10 9,500,013.80 ### ### ###
 2,029.00 2,030.00 2031 2032 2033
### ### ### 0 0
138,368.90 0 446,020.60 0 0
### ### 4,849,258.80 0 0
0.51 0.60419 0.83995 0 0
7.73 7.35 7.99622 0 0
0.64 0.73 0.97316 0 0
### ### ### 0 0
### ### ### 0 0
### ### 9,851,407.50 0 0
0 0 0 0 0
78,844.10 63,978.40 0 0 0
0 0 0 0 0
0.00 0.00 0 0 0
0.00 0.00 0 0 0
0 0 0 0 0
### ### ### 0 0
Items 0 2016
Ingresos Operacionales(US$) $ 99,396,723
(-)Costo de Venta $ 24,849
(-)Costos(OPEX)
Costo Mina $ 53,097,848
Costo Re manejo(Rehandle) $0
Costo Proceso $ 9,150,000
(-) Depreciación Lineal Inversión 10 años $ 236,650,000
Utilidad antes de imptos -$ 199,525,973
(-)Impuestos ( 24%) -$ 47,886,234
Utilidad después de imptos -$ 151,639,740
(+)Depreciación Lineal Inversión 10 años $ 236,650,000
(-)Inversión(CAPEX)
$ 2,000,000,000.00
Adquisición Y Cambio de Camiones 777F $ 346,500,000
Inversión Rampas Temporales $ 20,000,000
Flujo de caja -$ 2,366,500,000 $ 85,010,260
Payback -$ 2,366,500,000 -$ 2,281,489,740
VPN(15%) $ 1,581,861,152
TIR 28% (Recordar TIR se calcula con VAN

$ 317,392,093

$ 678,404,500
 2017 2018 2019 2020 2021
$ 748,072,229 $ 1,364,259,660 $ 1,817,145,503 $ 1,943,647,247 $ 1,835,115,093
$ 187,018 $ 341,065 $ 454,286 $ 485,912 $ 458,779

$ 116,551,300 $ 105,279,026 $ 117,139,033 $ 117,373,348 $ 117,528,151

$0 $0 $0 $0 $0
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000
$ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000
$ 363,756,911 $ 991,062,569 $ 1,431,975,183 $ 1,558,210,988 $ 1,449,551,163
$ 87,301,659 $ 237,855,016 $ 343,674,044 $ 373,970,637 $ 347,892,279
$ 276,455,252 $ 753,207,552 $ 1,088,301,139 $ 1,184,240,351 $ 1,101,658,884
$ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000

$ 513,105,252 $ 989,857,552 $ 1,324,951,139 $ 1,420,890,351 $ 1,338,308,884

-$ 1,768,384,488 -$ 778,526,935 $ 546,424,204 $ 1,967,314,554 $ 3,305,623,439

(Recordar TIR se calcula con VAN = 0)

 2022 2023 2024 2025 2026 2027
$ 1,125,543,169 $ 620,662,876 $ 241,960,928 $ 411,887,009 $ 515,442,969 $ 755,301,794
$ 281,386 $ 155,166 $ 60,490 $ 102,972 $ 128,861 $ 188,825

$ 109,255,016 $ 106,516,855 $ 102,153,635 $ 103,240,098 $ 100,300,316 $ 108,839,670

$0 $0 $ 68,927 $0 $0 $0
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000
$ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000 $0
$ 748,429,767 $ 246,413,856 -$ 127,899,124 $ 40,966,940 $ 147,436,793 $ 615,346,298
$ 179,623,144 $ 59,139,325 -$ 30,695,790 $ 9,832,066 $ 35,384,830 $ 147,683,112
$ 568,806,623 $ 187,274,531 -$ 97,203,334 $ 31,134,875 $ 112,051,962 $ 467,663,187
$ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000 $ 236,650,000 $0

$ 805,456,623 $ 423,924,531 $ 139,446,666 $ 267,784,875 $ 348,701,962 $ 467,663,187

$ 4,111,080,062 $ 4,535,004,592 $ 4,674,451,258 $ 4,942,236,133 $ 5,290,938,095 $ 5,758,601,282
 2028 2029 2030 2031
$ 371,738,406 $ 344,051,153 $ 383,605,941 $ 168,405,560
$ 92,935 $ 86,013 $ 95,901 $ 42,101

$ 109,157,663 $ 100,638,804 $ 112,031,563 $ 41,111,482

$ 94,160 $0 $ 60,000 $ 35,261
$ 30,927,000 $ 30,927,000 $ 28,145,854 $ 12,188,047
$0 $0 $0 $0
$ 231,466,648 $ 212,399,336 $ 243,272,622 $ 115,028,669
$ 55,551,995 $ 50,975,841 $ 58,385,429 $ 27,606,881
$ 175,914,652 $ 161,423,496 $ 184,887,193 $ 87,421,788
$0 $0 $0 $0

$ 175,914,652 $ 161,423,496 $ 184,887,193 $ 87,421,788

$ 5,934,515,934 $ 6,095,939,430 $ 6,280,826,623 $ 6,368,248,411
Items 0 2016
Ingresos Operacionales(US$) $ 99,395,180
(-)Costo de Venta $ 24,849
(-)Costos(OPEX)
Costo Mina $ 56,260,399
Costo Re manejo(Rehandle) $0
Costo Proceso $ 9,150,000
(-) Depreciación Lineal Inversión 10 años $ 239,250,000
Utilidad antes de imptos -$ 205,290,068
(-)Impuestos ( 24%) -$ 49,269,616
Utilidad después de imptos -$ 156,020,451
(+)Depreciación Lineal Inversión 10 años $ 239,250,000
(-)Inversión(CAPEX)
$ 2,000,000,000.00
Adquisición Y Cambio de Camiones 777F $ 382,500,000
Inversión Rampas Temporales $ 10,000,000
Flujo de caja -$ 2,392,500,000 $ 83,229,549
Payback -$ 2,392,500,000 -$ 2,309,270,451
VPN(15%) $ 1,899,253,244
TIR 33% (Recordar TIR se calcula con VAN = 0)
 2017 2018 2019 2020 2021 2022
$ 1,106,556,432 $ 2,762,424,207 $ 1,819,774,436 $ 1,236,980,711 $ 1,578,387,283 $ 639,581,804
$ 276,639 $ 690,606 $ 454,944 $ 309,245 $ 394,597 $ 159,895

$ 127,951,482 $ 112,731,432 $ 127,550,414 $ 123,478,866 $ 116,268,218 $ 117,613,334

$0 $0 $0 $0 $0 $0
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000
$ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000
$ 708,151,311 $ 2,378,825,169 $ 1,421,592,078 $ 843,015,600 $ 1,191,547,468 $ 251,631,575
$ 169,956,315 $ 570,918,040 $ 341,182,099 $ 202,323,744 $ 285,971,392 $ 60,391,578
$ 538,194,996 $ 1,807,907,128 $ 1,080,409,979 $ 640,691,856 $ 905,576,076 $ 191,239,997
$ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000

$ 777,444,996 $ 2,047,157,128 $ 1,319,659,979 $ 879,941,856 $ 1,144,826,076 $ 430,489,997

-$ 1,531,825,455 $ 515,331,673 $ 1,834,991,652 $ 2,714,933,508 $ 3,859,759,584 $ 4,290,249,581

(Recordar TIR se calcula con VAN = 0)

 2023 2024 2025 2026 2027 2028
$ 357,863,483 $ 414,171,677 $ 804,547,339 $ 405,794,562 $ 245,450,523 $ 373,647,512
$ 89,466 $ 103,543 $ 201,137 $ 101,449 $ 61,363 $ 93,412

$ 117,071,423 $ 112,566,012 $ 108,658,440 $ 109,696,607 $ 111,284,764 $ 110,901,938

$ 61,981 $0 $0 $ 118,930 $ 44,976 $0
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000
$ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000 $0 $0
-$ 29,536,387 $ 31,325,123 $ 425,510,763 $ 25,700,576 $ 103,132,420 $ 231,725,162
-$ 7,088,733 $ 7,518,029 $ 102,122,583 $ 6,168,138 $ 24,751,781 $ 55,614,039
-$ 22,447,654 $ 23,807,093 $ 323,388,180 $ 19,532,437 $ 78,380,640 $ 176,111,123
$ 239,250,000 $ 239,250,000 $ 239,250,000 $ 239,250,000 $0 $0

$ 216,802,346 $ 263,057,093 $ 562,638,180 $ 258,782,437 $ 78,380,640 $ 176,111,123

$ 4,507,051,926 $ 4,770,109,020 $ 5,332,747,199 $ 5,591,529,637 $ 5,669,910,276 $ 5,846,021,400
 2029 2030 2031
$ 345,365,620 $ 369,580,495 $ 175,301,312
$ 86,341 $ 92,395 $ 43,825

$ 101,259,451 $ 122,080,461 $ 48,387,548

$ 20,221 $ 60,000 $ 16,474
$ 30,927,000 $ 25,988,591 $ 9,713,552
$0 $0 $0
$ 213,072,606 $ 221,359,048 $ 117,139,914
$ 51,137,426 $ 53,126,171 $ 28,113,579
$ 161,935,181 $ 168,232,876 $ 89,026,334
$0 $0 $0

$ 161,935,181 $ 168,232,876 $ 89,026,334

$ 6,007,956,580 $ 6,176,189,457 $ 6,265,215,791
Items 0 2016 2017 2018
Ingresos Operacionales(US$) $ 1,185,586,179 $ 2,563,579,864 $ 1,241,362,266
(-)Costo de Venta $ 296,397 $ 640,895 $ 310,341
(-)Costos(OPEX)
Costo Mina $ 50,375,914 $ 101,665,281 $ 100,221,708
Costo Re manejo(Rehandle) $0 $0 $0
Costo Proceso $ 9,150,000 $ 30,927,000 $ 30,927,000
(-) Depreciación Lineal Inversión 10 $ 240,100,000 $ 240,100,000 $ 240,100,000
Utilidad antes de imptos $ 885,663,868 $ 2,190,246,688 $ 869,803,217
(-)Impuestos ( 24%) $ 212,559,328 $ 525,659,205 $ 208,752,772
Utilidad después de imptos $ 673,104,540 $ 1,664,587,483 $ 661,050,445
(+)Depreciación Lineal Inversión 10 a $ 240,100,000 $ 240,100,000 $ 240,100,000
(-)Inversión(CAPEX)
$ 2,000,000,000.00
Adquisición Y Ca $ 351,000,000
Inversión Rampa $ 50,000,000
Flujo de caja -$ 2,401,000,000 $ 913,204,540 $ 1,904,687,483 $ 901,150,445
Payback -$ 2,401,000,000 -$ 1,487,795,460 $ 416,892,023 $ 1,318,042,468
VPN(15%) $ 2,260,265,652
TIR 42% (Recordar TIR se calcula con VAN = 0)
 2019 2020 2021 2022 2023 2024
$ 622,410,282 $ 950,839,106 $ 1,727,485,331 $ 1,158,337,020 $ 312,180,559 $ 373,522,325
$ 155,603 $ 237,710 $ 431,871 $ 289,584 $ 78,045 $ 93,381

$ 117,982,857 $ 124,642,299 $ 121,901,116 $ 129,795,437 $ 131,492,306 $ 118,153,057

$0 $0 $0 $0 $0 $ 66,192
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000
$ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000
$ 233,244,823 $ 554,932,097 $ 1,334,125,343 $ 757,224,999 -$ 90,416,792 -$ 15,817,305
$ 55,978,757 $ 133,183,703 $ 320,190,082 $ 181,734,000 -$ 21,700,030 -$ 3,796,153
$ 177,266,065 $ 421,748,394 $ 1,013,935,261 $ 575,490,999 -$ 68,716,762 -$ 12,021,152
$ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000 $ 240,100,000

$ 417,366,065 $ 661,848,394 $ 1,254,035,261 $ 815,590,999 $ 171,383,238 $ 228,078,848

$ 1,735,408,533 $ 2,397,256,927 $ 3,651,292,188 $ 4,466,883,187 $ 4,638,266,425 $ 4,866,345,273
 2025 2026 2027 2028 2029 2030
$ 902,516,817 $ 226,479,434 $ 272,334,491 $ 358,338,151 $ 340,942,336 $ 377,481,373
$ 225,629 $ 56,620 $ 68,084 $ 89,585 $ 85,236 $ 94,370

$ 109,055,509 $ 107,004,067 $ 98,825,562 $ 95,789,116 $ 92,522,733 $ 118,283,469

$0 $0 $ 101,892 $0 $ 18,725 $0
$ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000 $ 30,927,000
$ 240,100,000 $ 240,100,000 $0 $0 $0 $0
$ 522,208,679 -$ 151,608,253 $ 142,411,954 $ 231,532,450 $ 217,388,642 $ 228,176,534
$ 125,330,083 -$ 36,385,981 $ 34,178,869 $ 55,567,788 $ 52,173,274 $ 54,762,368
$ 396,878,596 -$ 115,222,272 $ 108,233,085 $ 175,964,662 $ 165,215,368 $ 173,414,166
$ 240,100,000 $ 240,100,000 $0 $0 $0 $0

$ 636,978,596 $ 124,877,728 $ 108,233,085 $ 175,964,662 $ 165,215,368 $ 173,414,166

$ 5,503,323,869 $ 5,628,201,597 $ 5,736,434,682 $ 5,912,399,344 $ 6,077,614,712 $ 6,251,028,877
 2031
$ 316,359,759
$ 79,090

$ 58,599,722
$ 101,105
$ 19,420,499
$0
$ 238,159,342
$ 57,158,242
$ 181,001,100
$0

$ 181,001,100
$ 6,432,029,978
 Flujo Descontado
Año Base 1 2
2016 85,010,260 83,229,549 913,204,540
2017 513,105,252 777,444,996 1,904,687,483
2018 989,857,552 2,047,157,128 901,150,445 2,500,000,000
2019 1,324,951,139 1,319,659,979 417,366,065
2020 1,420,890,351 879,941,856 661,848,394 2,000,000,000
2021 1,338,308,884 1,144,826,076 1,254,035,261
2022 805,456,623 430,489,997 815,590,999 1,500,000,000

2023 423,924,531 216,802,346 171,383,238

1,000,000,000
2024 139,446,666 263,057,093 228,078,848
2025 267,784,875 562,638,180 636,978,596
500,000,000
2026 348,701,962 258,782,437 124,877,728
2027 467,663,187 78,380,640 108,233,085 -
2028 175,914,652 176,111,123 175,964,662 2016 2017 2018 2019 2020 20
2029 161,423,496 161,935,181 165,215,368
2030 184,887,193 168,232,876 173,414,166
2031 87,421,788 89,026,334 181,001,100
Total

Flujo Descontado
Año Base 1 2
2016 85 83 913
2017 513 777 1,905
2,500
2018 990 2,047 901
2019 1,325 1,320 417 2,000
2020 1,421 880 662
Flujos (MUSD)

1,500
2021 1,338 1,145 1,254
2022 805 430 816 1,000
2023 424 217 171
500
2024 139 263 228
2025 268 563 637 -
2016 2017 2018 2019 202
2026 349 259 125
2027 468 78 108
2028 176 176 176
2029 161 162 165
2030 185 168 173
2031 87 89 181
Total
85010260.18
1000000
Flujo Descontado 83229548.52
Año Base 1 2
2016 85 83 912 913204540
2017 513 777 1,903
2018 989 2,047 900
2019 1,324 1,319 416
2020 1,420 880 661
2021 1,338 1,145 1,253
2022 805 430 814
2023 423 217 170
2024 139 263 227
2025 267 562 636
2026 348 259 124
2027 468 78 108
2028 176 176 176
2029 161 162 165
2030 185 168 173
2031 87 89 181
 Chart Title

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Bas e 1 2

Flujos descontados

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Periodo(Años)

Bas e 1 2

513105252 989857552 1324951139 1420890351 1338308884 805456623 423924531 139446666

777444996 2047157128 1319659979 879941856 1144826076 430489997 216802346 263057093

1904687483 901150445 417366065 661848394 1254035261 815590999 171383238 228078848
267784875 348701962 467663187 175914652 161423496 184887193 87421788.31

562638180 258782437 78380639.56 176111123 161935181 168232876 89026334.38

636978596 124877728 108233085 175964662 165215368 173414166 181001100