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AUTOR:
DISTANCI
RUTAS DESDE: HASTA: VIA A TIEMPO
Segund 3 horas 30
a Lima La Oroya Carretera Central 175 km minutos
Carretera Valle Rio
La Oroya Chupaca Mantaro 105 km 1 hora 30 minutos
Chupaca Chupaca Vía Asfaltada 4 km 10 minutos
Desvío km
Chupaca 210 Carretera a Cañete 59 km 1 hora 30 minutos
Desvío km
210 Zinc Mine Vía de Tierra 10 km 40 minutos
Total 353 km 7 horas 20 min
MN
TM ZN% % Ag (g/tm.)
Indicado 981,622.3 7.0 15.0 1.7
1,073,270.
Medido 8 7.8 13.7 2.3
2,054,893.
Med+Ind 1 7.4 14.4 2.0
TM ZN%
TM ZN%
Reservas
minerales (1) 1,386,196 6.67
Reservas
minerales (2) 908, 400 3.27
Total 2, 294, 596 5.32
Sulfuros Zn-Mn Per. 2012 Per. 2013 Per. 2014 Per. 2015 Per. 2016 Per. 2017 Per. 2018 Per. 2019 Total % Aporte
Costo de Tratamiento Mineral ($/tm.) 2,901.6 3,868.8 7,195.3 7,195.3 7,195.3 7,234.8 7,085.5 3,534.8 46,211.3 49.5%
Costo de Minado ($/TM) 2,832.0 3,776.0 5,248.6 5,248.6 5,248.6 5,077.5 0.0 0.0 27,431.3 29.4%
Costo de Geo,Mant,Seg,MMAA,RRCC ($/TM) 1,086.3 1,448.4 1,913.9 1,913.9 1,913.9 1,883.9 1,543.0 769.8 12,473.0 13.4%
Costo G&A ($/TM) 527.5 703.3 729.6 729.6 729.6 705.8 755.8 377.0 5,258.2 5.6%
Costo de Venta ($/TM) 113.4 151.2 222.8 222.8 222.8 220.5 218.9 109.2 1,481.7 1.6%
Costo de Minado Desmonte ($/TM) 0.0 0.0 44.4 44.4 44.4 48.8 177.7 88.6 448.3 0.5%
Costo Produccion (US$) 7,460.8 9,947.7 15,354.6 15,354.6 15,354.6 15,171.2 9,780.8 4,879.5 93,303.7 100%
Cash Cost por TM 55.27 55.27 42.65 42.65 42.65 42.14 27.17 27.17 40.66
CAPEX Inv. Anteriores Per. 2010 Per. 2011 Per. 2012 Per. 2013 Per. 2014 Per. 2015 Per. 2016 Per. 2017 Per. 2018 Per. 2019 Per. 2020 TOTAL
Inversion Anual (US$M) 3600 1,848 12,839 2,161 5,031 2,151 0 4,688 0 0 0 0 28,719
Inversion Acumulada 3600 1,848 14,687 16,848 21,879 24,031 24,031 28,719 28,719 28,719 28,719 28,719
Periodo 1 2 3 4 5 6 7 8 9 10
Period Per. 2010 Per. 2011 Per. 2012 Per. 2013 Per. 2014 Per. 2015 Per. 2016 Per. 2017 Per. 2018 Per. 2019 Per. 2020 Total (kUS$)
Production Value (k-US$) 0.0 0.0 10921.0 17621.1 30588.5 29160.6 26910.0 21508.0 10591.8 5284.1 0.0 152585.0
Production Costs (k-US$) 0.0 0.0 7460.8 9947.7 15354.6 15354.6 15354.6 15171.2 9780.8 4879.5 0.0 93303.7
Royalties Mine (1 US$/tm.) (k-US$) 0.0 0.0 135.0 180.0 270.0 270.0 270.0 261.2 0.0 0.0 0.0 1386.2
Royalties Tailings (18k US$/year) 0.0 18.0 18.0 18.0 18.0 18.0 18.0 18.0 18.0 18.0 0.0 162.0
Depreciation & Amortization (k-US$) 0.0 2567.7 3720.0 4726.2 5156.4 5156.4 3526.4 2374.1 1367.9 937.6 937.6 30470.4
Profit Before Tax (k-US$) 0.0 -2585.7 -412.8 2749.2 9789.5 8361.5 7741.1 3683.4 -574.9 -551.1 -937.6 27262.6
Taxable Income (k-US$) 0.0 -2585.7 -2998.5 -249.4 9540.1 8361.5 7741.1 3683.4 -574.9 -551.1 -937.6 21429.0
Labour Participation (8%) 0.0 0.0 0.0 0.0 763.2 668.9 619.3 294.7 -46.0 -44.1 -75.0 2181.0
Income Tax (30%) 0.0 0.0 0.0 0.0 2633.1 2307.8 2136.5 1016.6 -158.7 -152.1 -258.8 7524.5
Net Income (k-US$) 0.0 -2585.7 -412.8 2749.2 6393.2 5384.8 4985.3 2372.1 -370.2 -354.9 -603.8 17557.1
Investments (k-US$) -1848.4 -12838.6 -2161.2 -5031.2 -2151.1 0.0 -4688.2 0.0 0.0 0.0 0.0 -26870.4
VAT(k-US$) -351.2 -2311.0 233.8 475.6 2354.9 2274.0 0.0 0.0 0.0 0.0 0.0 3027.4
Depreciation & Amortization (k-US$) 0.0 2567.7 3720.0 4726.2 5156.4 5156.4 3526.4 2374.1 1367.9 937.6 937.6 30470.4
Net Cash Flow (k-US$) -2199.6 -15167.6 1379.8 2919.7 11753.4 12815.3 3823.4 4746.3 997.7 582.8 333.8 24184.5
Precio del Zn
1.2 1.1 1 0.95 0.9 0.85 0.8 0.75 0.7
US$/lb
US$/tm 12,981.6 2,645.5 2,425.1 2204.62 2,094.4 1,984.2 1,873.9 1,763.7 1,653.5 1,543.2
6.67 24,971.8 18,977.8 12,981.6 9,959.3 6,879.6 3,250.4 -630.0 -4,510.5 -8,389.9
6.62 24,471.1 18,514.3 12,555.4 9,546.5 6,479.7 2,787.1 -1,069.3 -4,925.7 -8,781.1
6.42 22,481.9 16,673.2 10,845.6 7,900.5 4,707.5 946.7 -2,814.2 -6,575.1 -10,335.0
6.22 20,492.7 14,832.0 9,130.6 6,235.6 2,771.5 -893.8 -4,559.1 -8,224.5 -11,888.9
6.02 18,503.5 12,990.9 7,398.2 4,318.4 835.6 -2,734.3 -6,304.1 -9,873.9 -13,442.8
5.82 16,514.3 11,129.1 5,647.4 2,289.2 -1,100.4 -4,574.7 -8,049.0 -11,523.3 -14,996.7
Ley de Zn %
5.62 14,525.0 9,264.1 3,542.8 260.0 -3,036.4 -6,415.2 -9,794.0 -13,172.7 -16,550.6
5.42 12,525.5 7,373.7 1,420.8 -1,769.2 -4,972.4 -8,255.7 -11,538.9 -14,822.1 -18,104.5
5.22 10,510.5 5,458.9 -701.2 -3,798.4 -6,908.4 -10,096.1 -13,283.8 -16,471.5 -19,658.4
5.02 8,479.2 3,186.1 -2,823.2 -5,827.6 -8,844.4 -11,936.6 -15,028.8 -18,121.0 -21,212.3
4.82 6,424.7 878.5 -4,945.2 -7,856.8 -10,780.4 -13,777.1 -16,773.7 -19,770.4 -22,766.3
4.62 4,206.8 -1,429.2 -7,067.2 -9,886.0 -12,716.4 -15,617.5 -18,518.6 -21,419.8 -24,320.2
4.42 1,713.6 -3,736.8 -9,189.2 -11,915.1 -14,652.4 -17,458.0 -20,263.6 -23,069.2 -25,874.1
4.22 -779.6 -6,044.5 -11,311.2 -13,944.3 -16,588.4 -19,298.4 -22,008.5 -24,718.6 -27,428.0
4.02 -3,272.9 -8,352.1 -13,433.2 -15,973.5 -18,524.4 -21,138.9 -23,753.5 -26,368.0 -28,981.9
3.82 -5,766.1 -10,659.8 -15,555.2 -18,002.7 -20,460.4 -22,979.4 -25,498.4 -28,017.4 -30,535.8
B. Sensibilidad Precio vs Recuperación metalúrgica:
Para este caso, los escenarios de ganancias que podría darnos este
proyecto minero son más favorables. Ya que al tener un alza de
hasta 20% en el precio del metal, esto nos va a permitir trabajar con
recuperaciones de hasta 70%, teniendo un blending operativo más
flexible. Así mismo al caer en un 15% el precio todavía nos permitiría
trabajar con hasta 72% de recuperación. Pero se recomienda tomar
los valores que estén por encima de VPN calculado igual a 12,981k$
para caso de inversión.
Precio del Zn
1.2 1.1 1 0.95 0.9 0.85 0.8 0.75 0.7
US$/lb
US$/tm 12,981.6 2,645.5 2,425.1 2204.62 2,094.4 1,984.2 1,873.9 1,763.7 1,653.5 1,543.2
0.90 25,351.6 19,329.3 13,304.8 10,273.2 7,183.3 3,589.8 -308.2 -4,206.3 -8,103.3
0.89 25,130.8 19,124.9 13,116.9 10,090.7 7,006.7 3,392.5 -495.3 -4,383.1 -8,269.9
0.88 24,971.8 18,977.8 12,981.6 9,959.3 6,879.6 3,250.4 -630.0 -4,510.5 -8,389.9
0.87 24,689.2 18,716.2 12,741.0 9,725.7 6,653.5 2,997.8 -869.5 -4,736.8 -8,603.2
0.86 24,468.4 18,511.9 12,553.1 9,543.2 6,476.9 2,800.5 -1,056.6 -4,913.7 -8,769.8
Recuperación Metalurgica de Zn
0.85 24,247.7 18,307.5 12,365.2 9,360.7 6,300.3 2,603.2 -1,243.7 -5,090.5 -8,936.4
0.84 24,026.9 18,103.2 12,175.4 9,178.2 6,123.7 2,405.8 -1,430.8 -5,267.4 -9,103.0
0.83 23,806.1 17,898.8 11,984.5 8,995.7 5,947.1 2,208.5 -1,617.9 -5,444.2 -9,269.6
0.82 23,585.3 17,694.4 11,793.7 8,813.2 5,770.5 2,011.1 -1,805.0 -5,621.1 -9,436.2
0.81 23,364.5 17,490.1 11,602.8 8,630.7 5,593.9 1,813.8 -1,992.1 -5,797.9 -9,602.8
0.80 23,143.7 17,285.7 11,412.0 8,448.2 5,412.1 1,616.5 -2,179.2 -5,974.8 -9,769.5
0.79 22,922.9 17,081.4 11,221.1 8,265.7 5,204.5 1,419.1 -2,366.3 -6,151.7 -9,936.1
0.78 22,702.1 16,877.0 11,030.3 8,081.7 4,996.9 1,221.8 -2,553.4 -6,328.5 -10,102.7
0.77 22,481.3 16,672.7 10,839.4 7,896.6 4,789.4 1,024.5 -2,740.4 -6,505.4 -10,269.3
0.76 22,260.5 16,468.3 10,648.6 7,711.5 4,581.8 827.1 -2,927.5 -6,682.2 -10,435.9
0.75 22,039.7 16,263.9 10,457.7 7,526.4 4,374.2 629.8 -3,114.6 -6,859.1 -10,602.5
0.74 21818.96 16059.59 10266.88 7341.29 4166.624 432.4458 -3301.73 -7035.91 -10769.1
0.73 21598.17 15855.24 10076.03 7156.19 3959.045 235.109 -3488.83 -7212.76 -10935.7
0.72 21377.38 15650.88 9885.177 6971.089 3751.466 37.77219 -3675.92 -7389.61 -11102.4
0.71 21156.59 15446.52 9694.327 6785.989 3543.886 -159.565 -3863.02 -7566.47 -11269
0.70 20935.8 15242.17 9503.477 6600.889 3336.307 -356.901 -4050.11 -7743.32 -11435.6