Block Model Items Definition

Long-Term Planning

_name PCV6 Model

_file10 pamp10.dat
_file15 pamp15.pln

Source Item
cons15.pln TOPO
cons15.pln CULOM
cons15.pln MOLOP
cons15.pln AULOM
cons15.pln AGCOK
cons15.pln ZNOK
cons15.pln PBOK
cons15.pln FEOK
cons15.pln CUCN
cons15.pln CUSS
cons15.pln CAOK
cons15.pln S
cons15.pln AS
cons15.pln CLASS
cons15.pln CUIND
cons15.pln ZNIND
cons15.pln SGOK
cons15.pln
cons15.pln
cons15.pln
MATT0
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln LITHO
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln ALT
cons15.pln
cons15.pln
cons15.pln
 ALT

cons15.pln
cons15.pln
cons15.pln
cons15.pln
WAST5
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln ENVLP
cons15.pln
cons15.pln
cons15.pln PTOPO
cons15.pln SLOPE
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
WCOD
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln RCUC
cons15.pln RMOM
cons15.pln RAUC
cons15.pln RAGC
cons15.pln RZNC
cons15.pln RPBC
cons15.pln GCUC
cons15.pln GMOM
cons15.pln GAUC
cons15.pln GAGC
cons15.pln GZNC
cons15.pln GPBC
cons15.pln NSRL
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln

MATHL
cons15.pln
cons15.pln
MATHL
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
cons15.pln
el Items Definition

Description
Starting Topography, in %
Copper in %, based on LT interpolation
Moly in %, based on LT interpolation
Gold in g/t, based on LT interpolation
Silver in g/t, based on Ordinary Krigging interpolation
Zinc in %, based on Ordinary Krigging interpolation
Lead in %, based on Ordinary Krigging interpolation
Fe in %, based on Ordinary Krigging interpolation
Cianuro soluble en cobre en %
Acido soluble en cobre en %
Calcio en %
Azufre en %
Arsenico en PPM
1: Medido, 2: Indicado, 3: Inferido
1: Cu<0.1%, 2: Cu>0.1%
1: Zn<0.1%, 2: Zn>0.1%
block density in t/m3, based on Ordinary Krigging interpolation
6: SUPEGENE
7: MIXED
8: HYPOGENE
9: SKARN
10: HIGH ZINC (ZN <0.5 %)
11: SUPER HIGH ZINC (ZN >0.5 %)
1. MMP + MP1 + MP2 + DIO
2. SEDIMENTARIO (calizas)
3. SKARN
6. QMP
10. Suelo
1. Argilico
2. Fílico
3. Potásico
4. Propilítico
5. Silicificación
6. Cloritizacion
8. Skarn
9. Fresco
10. Suelo
1: NAG1
2: NAG2
3:PAG-Ma
4:PAG-H
11:PAG-Mc
12:PAG-Mb
1. Hypogen + Skarn (only Skarn for Pampacancha)
2. Supergene + Mixed (only Waste for Pampacancha)
3. Waste
4. Skarn North Constancia
5. Leach + Oxides
% of block below the initial topography taken for the schedule of the mineplan
sectors of slope2020
1. ores
2. orem
3. oreh
4. oreskr
5. hizinc
6. shzinc
25. Nag1
26. Nag2
27. Pag-MA
28. Pag-MB
29. Pag-MC
30. Pag-MH
calculated recovery of Cu in Cu concentrate
calculated recovery of Mo in Mo concentrate
calculated recovery of Au in Cu concentrate
calculated recovery of Ag in Cu concentrate
calculated recovery of Zn in Cu concentrate
calculated recovery of Pb in Cu concentrate
calculated grade of Cu in Cu concentrate
calculated grade of Mo in Mo concentrate
calculated grade of Au in Cu concentrate
calculated grade of Ag in Cu concentrate
calculated grade of Zn in Cu concentrate
calculated grade of Pb in Cu concentrate
block value by NSR for Reserves
0. waste_cs
1. tmf1
2. tmf2
3. tmf3
4. tmf4
5. -
6. ores
7. orem
8. oreh
9. oreskr
10. hizinc
11. SuperHizinc
12. -
13. -
20. waste_pc
25. -
26. oreskp_sp
27. oreskp_mx
28. oreskp_hy
29. -
30. oreskp_hz
31. oreskp_shz
Block Model Items Definition
Long-Term Planning

_name Pampacancha V6 Model

_file_mod pcv6.mod
_file_par pcv6.par

Source Item
pcv6.mod cu
pcv6.mod mo
pcv6.mod ag
pcv6.mod au
pcv6.mod pb
pcv6.mod zn
pcv6.mod fe
pcv6.mod cuss
pcv6.mod curc
pcv6.mod morc
pcv6.mod agrc
pcv6.mod aurc
pcv6.mod pbrc
pcv6.mod znrc
pcv6.mod clas
pcv6.mod
pcv6.mod
pcv6.mod
pcv6.mod matt
pcv6.mod
pcv6.mod
pcv6.mod
pcv6.mod nsr2
pcv6.mod gcuc
pcv6.mod gmom
pcv6.mod gagc
pcv6.mod gauc
pcv6.mod gpbc
pcv6.mod gznc
pcv6.mod Density
pcv6.mod PTOPO
pcv6.mod SLOPE
el Items Definition

ampacancha V6 Model

Description
Copper in %, based on LT interpolation
Moly in %
Silver in g/t
Gold in g/t
Lead in %, based on Ordinary Krigging interpolation
Zinc in %, based on Ordinary Krigging interpolation
Fe in %, based on Ordinary Krigging interpolation
Acido soluble en cobre en %
calculated recovery of Cu in Cu concentrate
calculated recovery of Mo in Mo concentrate
calculated recovery of Ag in Cu concentrate
calculated recovery of Au in Cu concentrate
calculated recovery of Pb in Cu concentrate
calculated recovery of Zn in Cu concentrate
1: Medido, 2: Indicado, 3: Inferido
1. ores
2. orem
3. oreh
4. oreskr
5. hizinc
6. shzinc
25. WASTE
block value for Reserves
calculated grade of Cu in Cu concentrate
calculated grade of Mo in Mo concentrate
calculated grade of Ag in Cu concentrate
calculated grade of Au in Cu concentrate
calculated grade of Pb in Cu concentrate
calculated grade of Zn in Cu concentrate
block density in t/m3
% of block below the initial topography taken for the schedule of the mineplan
sectors of slope2020
Geotechnical
Long-Term Planning Model

_model PCV6
_item Slope
_input G&H recommendation Nov-2022

Sector Lift Height BFA° IRA° BERM (m) OSA°

North 15 65 46 7.5 42
Est 15 65 44 8.5 40
South 15 65 46 7.5 43
West 15 70 49 7.5 42

Images omitted. Sometimes, files get corrupted when adding it.

Sector Notes
1 Single bench
2 Single bench
3 Single bench
4 Single bench
Metallurgical
Long-Term Planning Model

_model
_item
_input
_P80
_Pounds/Tonnes
_Grams/Ounces

CU RECOVERIES & GRADE CONCENTRATES BY ORE TYPE

Cu Recovery
All Otypes CS
All Otypes PC

Cu Concentrate grade
Hypogene
Supergene & Mixed
Skarn & HiZinc & Pampa

Contraints
Hypogene
Supergene & Mixed
Skarn & HiZinc

METAL RECOVERIES

Mo Recovery
Hypogene
Supergene
Skarn
Skarn Pampa
Mixed & HiZn

Ag Recovery
All Otypes CS
All Otypes PC

Au Recovery
All Otypes CS
All Otypes PC

Zn Concentrate
 All Otypes

Pb Concentrate
All Otypes

Ag Concentrate
All Otypes

Au Concentrate
All Otypes

Zn Recovery
All Otypes

Pb Recovery
All Otypes
anning Model

2022Q1
RCUC, RMOM, RAUC, RAGC, RZNC, RPBC, GCUC, GMOM, GAUC, GAGC, GZNC, GPBC
formulation by Nov2020
=155
2204.62262
31.1034768260831

& GRADE CONCENTRATES BY ORE TYPE

= 88.73% - 0.02%*P80 + 13.19*Cu% - 30.87*(Zn%+Pb%) - 36.00*(CuSS%/Cu%)

= 85%

= 22.84% + 9.40*Cu% - 17.48*Zn% - 0.30*Fe%

= 24.35% + 5.05*Cu% - 8.45*Zn% - 0.42*Fe%
= 23.06% + 4.60*Cu% - 5.64*Zn% - 0.17*Fe%

= 0.28 ≤ Cu% ≤ 0.88 / 0.003 ≤ CuSS% ≤ 0.09 / 0.02 ≤ Zn% ≤ 0.14 / 2.17 ≤ Fe% ≤ 7.39
= 0.33 ≤ Cu% ≤ 1.08 / 0.035 ≤ CuSS% ≤ 0.20 / 0.01 ≤ Zn% ≤ 0.14 / 2.06 ≤ Fe% ≤ 7.14
= 0.36 ≤ Cu% ≤ 1.12 / 0.020 ≤ CuSS% ≤ 0.006 / 0.04 ≤ Zn% ≤ 0.42 / 2.92 ≤ Fe% ≤ 12.34

= [1.65*CuRec% + 43.32*(Mo%/Zn%) - 96.93%]*0.66

= [1.65*CuRec% + 43.32*(Mo%/Zn%) - 96.93%]*0.66
= [1.65*CuRec% + 43.32*(Mo%/Zn%) - 96.93%]*0.40
= [1.65*CuRec% + 43.32*(Mo%/Zn%) - 96.93%]*0.20
=0

= 1.30*CuRec% - 5.30*(Zn%+Fe%)/Ag(g/t) - 37.52%

= 70%

= 0.54*CuRec% + 99.94*Au(g/t) + 69.55*Pb% - 46.21*Zn% - 3.01

= 70%
= 21.92*(Zn%/Cu%) - 0.88

= 10.6*(Pb%/Cu%) + 0.187

= Ag ozs*31.1034/Cu Conc tonnes

= Au ozs*31.1034/Cu Conc tonnes

= Cu%*CuRec%*Zn%Conc / Cu%Conc.*Zn%

= Cu%*CuRec%*Pb%Conc / Cu%Conc.*Pb%
Topography
Starting topography taken for the Pit Optimization and Mine Plan

_msr 3D_251122 (0.1).msr

_type Survey
_date 11/25/2022

Pampacancha

Images omitted. Sometimes, files get corrupted when adding it.

Mill Feed Limit Definition
Long-Term Planning

_model 2022Q1

Processing target
All periods 2,100,000

Mining limit
tonne/month (target) 3,283,032
P2 3,005,277
P3 3,304,741
P4 3,562,820
P5 3,360,311
P6 2,924,153
P7 2,895,830
P8 3,006,976
P9 2,598,297
P10 3,320,171
P11 2,791,996
P12 2,787,473
P13 3,776,977
P14 4,093,486
P15 4,120,367
P16 3,531,747
P17 4,228,699
P18 3,618,582
P19 3,773,244
P20 3,989,917
P21 3,555,746
P22 2,769,037
P23 2,714,496
P24 2,734,575
Costs
Long-Term Planning

Parameter Units P22Nov

Base Mining Cost

Constancia
Ore $/tmined 1.35
Waste $/tmined 1.30
Base Elevation 4,185
Pampacancha
Ore $/tmined 1.85
Waste $/tmined 1.55
Base Elevation 4,305
Variable Cost by Bench
Up $/tmined 0.004
Down $/tmined 0.010
G&A Cost
Ore $/tmill 1.44
Process Cost
Hypogene $/tmill 4.96
Supergene $/tmill 4.96
Mixed $/tmill 4.96
Skarn $/tmill 4.96
HiZinc $/tmill 4.96

Parameter Units CP20Dic

Cut-off
NSR $/tmill 6.40 based on updated metallurgical formulation
Cu % 0.10
tallurgical formulation
NSR Inputs
Long-Term Planning

Parameter Units P22Nov

Revenue

Metal Price
Copper $/lb 3.4
Molybdenum $/lb 11.0
Silver $/oz 18.0
Gold $/oz 1,500.0

Payable Contained Metal

Copper % 0.965
Molybdenum % 0.98
Silver % 0.9
Gold % 0.91

Copper concentrate grade

Copper % by Formulation Nov2020
Silver g/t by Formulation Nov2020
Gold g/t by Formulation Nov2020
Zinc % by Formulation Nov2020
Lead % by Formulation Nov2020

Moly concentrate grade

Molybdenum % 0.50

Deductions
Copper deduction Per unit of pay Cu 1
Moly deduction %Mo in Moly conc 0
Silver deduction Ag g/dmt Cu conc 0
Gold deduction Au g/dmt Cu conc 0
Moly deduction %Mo in Moly conc 1
Silver deduction Ag g/dmt Cu conc 0
Gold deduction Au g/dmt Cu conc 0

Concentrate Moisture Cont

Copper concentrate % 0.08
Moly concentrate % 0.15

Selling Cost
 Marketing cost $/t conc 0
Transport Cu conc $/wmt conc 51.23
Transport Mo conc $/wmt conc 204.16
Port charges conc $/wmt conc 26
Insurance $/wmt conc 5
Shipping Cu conc $/wmt conc 25
Shipping Mo conc $/wmt conc 0

Smelting Charges
Smelting charges - Cu conc (dry) $/dmt Cu conc 76.73
Roasting charges - Mo conc (dry) $/dmt Mo conc 1,653.00

Refining charges
Cu $/lb Cu 0.0767
Mo $/lb Mo 1.2
Ag $/oz Ag 0.45
Au $/oz Au 4.5

Royalties % of NSR 0.004

Recovery

Constancia
Hypogene Cu% by Formulation Nov2020
Mo% by Formulation Nov2020
Au (g/t) by Formulation Nov2020
Ag (g/t) by Formulation Nov2020
Zn% by Formulation Nov2020
Pb% by Formulation Nov2020

Mixed Cu% by Formulation Nov2020

Mo% by Formulation Nov2020
Au (g/t) by Formulation Nov2020
Ag (g/t) by Formulation Nov2020
Zn% by Formulation Nov2020
Pb% by Formulation Nov2020

Supergene Cu% by Formulation Nov2020

Mo% by Formulation Nov2020
Au (g/t) by Formulation Nov2020
Ag (g/t) by Formulation Nov2020
Zn% by Formulation Nov2020
Pb% by Formulation Nov2020

Skarn Cu% by Formulation Nov2020

Mo% by Formulation Nov2020
 Au (g/t) by Formulation Nov2020
Ag (g/t) by Formulation Nov2020
Zn% by Formulation Nov2020
Pb% by Formulation Nov2020

HiZinc Cu% by Formulation Nov2020

Mo% by Formulation Nov2020
Au (g/t) by Formulation Nov2020
Ag (g/t) by Formulation Nov2020
Zn% by Formulation Nov2020
Pb% by Formulation Nov2020

Pampacancha
Skarn Cu% by Formulation Nov2020
Mo% by Formulation Nov2020
Au (g/t) by Formulation Nov2020
Ag (g/t) by Formulation Nov2020
Zn% by Formulation Nov2020
Pb% by Formulation Nov2020
NSR2 Calculation for Reserves 2022
Long-Term Planning

INPUTS

Metrics Values 6 7 8
MATT0 oreh Mill Process - Recoveries by Otype
Tonnes 15,567 Recovery ores orem oreh
Cu % 0.391 Cu % 90.50 90.50 90.50
Ag g/t 2.300 Ag 72.00 72.00 72.00
Au g/t 0.029 Au 48.27 48.27 48.27
Mo % 0.012 Mo % 50.00 0.00 50.00
Pb % 0.006 Pb % 40.00 40.00 40.00
Zn % 0.020 Zn % 17.60 17.60 17.60
Fe % 1.951
CuSS % 0.004
Mill Process - Concentrate Grades by Otype
Block Model CS LT22v1 CC Grades ores orem oreh
Level 49 Cu % 25.333 25.333 25.574
Row 70 Ag 119.72 119.72 119.72
Column 87 Au 1.01 1.01 1.01
Mo % 50.00 0.00 50.00
Payable Cont. of Cu 0.965 Pb % 0.185 0.185 0.185
Payable Cont. of Ag 0.9 Zn % 0.258 0.258 0.258
Payable Cont. of Au 0.91
Payable Cont. of Mo 0.98
Payable Contained Metal
Cu deduction 1 Deductions
Ag deduction 0 Cu Factored by 96.5% and Deduction of 1 unit (22.0462 lbs
Au deduction 0 Ag Factored by 90%
Mo deduction 0 Au Factored by 91%
Mo Factored by 98%
Moisture Cu 0.08
Moisture Mo 0.15

Selling Cost
Concentrate Selling Costs UC $/lb Formula (wmt)
Cu Road Transport, $/wmt 51.23 0.10 dmt = (1+Cu Moisture)*road transport (wmt)
Cu Port Charges, $/wmt 26.00 0.05 (1+Cu Moisture)*port charges
Cu Shipping Cost, $/wmt 25.00 0.05 (1+Cu Moisture)*shipping cost
Cu Insurance, $/wmt 5.00 0.01 (1+Cu Moisture)*insurance
Mo Road Transport, $/dmt 204.16 0.19 road transport
Mo Port Charges, $/wmt 26.00 0.03 (1+Mo Moisture)*port charges
Mo Shipping Cost, $/wmt 0.00 0.00 (1+Mo Moisture)*shipping cost
Mo Insurance, $/wmt 0.00 0.00 (1+Mo Moisture)*insurance
 Treatment Cost
Concentrate Treatment Costs UC $/lb Formula
Cu Smelting, $/dmt 76.73 0.14 Smelting
Mo Roasting, $/dmt 1653 1.50 Mo lbs*Roasting

Refining Cost
Concentrate Refining Costs UC $/lb Payable Metal in Concentrate
Cu, $/lb 0.0767 0.0767 Cu, $/tmf 169.09 Cu % 0.26
Ag, $/oz 0.45 0.45 Ag, $/gr 0.01 Ag g/t 119.72
Au, $/oz 4.5 4.5 Au, $/gr 0.14 Au g/t 1.01
Mo, $/lb 1.2 1.2 Mo, $/tmf 2,645.55 Mo % 0.50

Metal Prices UP Revenue

Cu, $/lb 3.4 Formula
Ag, $/oz 20 Metal Price * (Payable Contained Metal per Dry Tonne)Cu
Au, $/oz 1500 Metal Price * (Payable Contained Metal per Dry Tonne)Mo
Mo, $/lb 11

NSR
Royalties Formula
Royalty, % of NSR 0.004 Total Revenue - (Selling + Treatment + Refining)Cost

NSR after Royalty

Formula
[ Total Revenue - (Selling + Treatment + Refining)Cost ] * (1-roya)
 Pounds/Tonnes 2,204.623
Grams/Ounces 31.1035

OUTPUTS

9 pc 10 & 11
Recovered Metal
oreskr oreskp hizinc Rec, % Metal Q
90.50 90.50 90.50 0.9050 Cu lbs 121,410
72.00 72.00 72.00 0.7200 Ag ozs 829
48.27 48.27 48.27 0.4827 Au ozs 7
31.57 15.78 0.00 0.5000 Mo lbs 2,133
40.00 40.00 40.00 0.4000 Pb lbs 879
17.60 17.60 17.60 0.1760 Zn lbs 1,226

Concentrate
oreskr oreskp hizinc Grade, % Metal Grades Dry tonnes
24.412 24.412 24.412 0.2557 Cu % 0.256 215.3
119.72 119.72 119.72 119.7150 Ag g/t 119.7 215.3
1.01 1.01 1.01 1.0119 Au g/t 1.0 215.3
50.00 50.00 0.00 0.5000 Mo % 0.500 2
0.185 0.185 0.185 0.0019 Pb% 0.002
0.258 0.258 0.258 0.0026 Zn% 0.003

Contained Metal per Dry Tonne of Concentrate

Metal Total Payable
d Deduction of 1 unit (22.0462 lbs) tmcu Cu lbs 563.82 541.77
tmag Ag ozs 3.85 3.46
tmau Au ozs 0.03 0.03
tmmo Mo lbs 1,102.31 1,080.27

Total Selling Costs (S)

$/dmt S $/dmt $
55.33 Cu Con 115.81 24,938
28.08 Au - -
27.00 Ag - -
5.40 Mo Con 234.06 453
204.16
29.90
0.00 Total Treatment Costs (T)
0.00 T $/dmt $
 Cu Con 76.73 16,523
Au - -
$/dmt Ag - -
76.73 Mo Con 1,653.00 3,199
1,653.00

Total Refining Costs (R)

$/dmt R $/dmt $
Cu, $/dmt 43.24 43.24 Cu 43.24 9,312
Ag, $/dmt 1.73 1.73 Ag 1.73 373
Au, $/dmt 0.15 0.15 Au 0.15 32
Mo, $/dmt 1,322.77 1,322.77 Mo 1,322.77 2,560

Total Costs (S+T+R)

(S+T+R)Cost $
Metal per Dry Tonne)Cu Cu 50,772
Metal per Dry Tonne)Mo Ag 373
STR_cu Au 32
STR_ag Mo 6,211
STR_au TOTAL 57,388
STR_mo
ent + Refining)Cost
Total Revenue
Revenue $/dmt $
Cu 1,842.02 396,652
ment + Refining)Cost ] * (1-roya) Ag 69.28 14,919
Au 44.41 9,562
Mo 11,882.92 22,993
TOTAL 444,126

NSR2 = (Revenue-Costs)*(1-roya)
NSR2 $
Cu 344,496
Ag 14,487
Au 9,493
Mo 16,715
NSR2 385,191
OUTPUTS

Wet tonnes
232.6
232.6
232.6
2

ne of Concentrate
% Payable
0.961
0.900
0.910
0.980

$/t $/lb / $/oz

1.602 0.205
- -
- -
0.029 0.212

$/t $/lb / $/oz

 1.061 0.136
- -
- -
0.205 1.500

$/t $/lb / $/oz

0.598 0.077
0.024 0.450
0.002 4.500
0.164 1.200

$/t $/lb / $/oz

3.262 0.418
0.024 0.450
0.002 4.500
0.399 2.912
3.687

$/t $/lb / $/oz

25.480 3.267
0.958 18.000
0.614 1,365.000
1.477 10.780
28.530

$/t $/lb / $/oz

22.130 2.837
0.931 17.480
0.610 1,355.058
1.074 7.837
24.744
MCAF Formulation
Long-Term Planning

Incremental cost in Constancia

Incremental Mining cost of Total mining

IZ IZ
Nv hauling cost waste cost of waste
MineSight Whittle
$/t $/t $/t
1 4,590 67 0.1080 1.3000 1.4080
2 4,575 66 0.1040 1.3000 1.4040
3 4,560 65 0.1000 1.3000 1.4000
4 4,545 64 0.0960 1.3000 1.3960
5 4,530 63 0.0920 1.3000 1.3920
6 4,515 62 0.0880 1.3000 1.3880
7 4,500 61 0.0840 1.3000 1.3840
8 4,485 60 0.0800 1.3000 1.3800
9 4,470 59 0.0760 1.3000 1.3760
10 4,455 58 0.0720 1.3000 1.3720
11 4,440 57 0.0680 1.3000 1.3680
12 4,425 56 0.0640 1.3000 1.3640
13 4,410 55 0.0600 1.3000 1.3600
14 4,395 54 0.0560 1.3000 1.3560
15 4,380 53 0.0520 1.3000 1.3520
16 4,365 52 0.0480 1.3000 1.3480
17 4,350 51 0.0440 1.3000 1.3440
18 4,335 50 0.0400 1.3000 1.3400
19 4,320 49 0.0360 1.3000 1.3360
20 4,305 48 0.0320 1.3000 1.3320
21 4,290 47 0.0280 1.3000 1.3280
22 4,275 46 0.0240 1.3000 1.3240
23 4,260 45 0.0200 1.3000 1.3200
24 4,245 44 0.0160 1.3000 1.3160
25 4,230 43 0.0120 1.3000 1.3120
26 4,215 42 0.0080 1.3000 1.3080
27 4,200 41 0.0040 1.3000 1.3040
28 4,185 40 0.0000 1.3000 1.3000
29 4,170 39 0.0080 1.3000 1.3080
30 4,155 38 0.0160 1.3000 1.3160
31 4,140 37 0.0240 1.3000 1.3240
32 4,125 36 0.0320 1.3000 1.3320
33 4,110 35 0.0400 1.3000 1.3400
34 4,095 34 0.0480 1.3000 1.3480
35 4,080 33 0.0560 1.3000 1.3560
36 4,065 32 0.0640 1.3000 1.3640
37 4,050 31 0.0720 1.3000 1.3720
38 4,035 30 0.0800 1.3000 1.3800
39 4,020 29 0.0880 1.3000 1.3880
40 4,005 28 0.0960 1.3000 1.3960
41 3,990 27 0.1040 1.3000 1.4040
42 3,975 26 0.1120 1.3000 1.4120
43 3,960 25 0.1200 1.3000 1.4200
44 3,945 24 0.1280 1.3000 1.4280
45 3,930 23 0.1360 1.3000 1.4360
46 3,915 22 0.1440 1.3000 1.4440
47 3,900 21 0.1520 1.3000 1.4520
48 3,885 20 0.1600 1.3000 1.4600
49 3,870 19 0.1680 1.3000 1.4680
50 3,855 18 0.1760 1.3000 1.4760
51 3,840 17 0.1840 1.3000 1.4840
52 3,825 16 0.1920 1.3000 1.4920
53 3,810 15 0.2000 1.3000 1.5000
54 3,795 14 0.2080 1.3000 1.5080
55 3,780 13 0.2160 1.3000 1.5160
56 3,765 12 0.2240 1.3000 1.5240
57 3,750 11 0.2320 1.3000 1.5320
58 3,735 10 0.2400 1.3000 1.5400
59 3,720 9 0.2480 1.3000 1.5480
60 3,705 8 0.2560 1.3000 1.5560
61 3,690 7 0.2640 1.3000 1.5640
62 3,675 6 0.2720 1.3000 1.5720
63 3,660 5 0.2800 1.3000 1.5800
64 3,645 4 0.2880 1.3000 1.5880
65 3,630 3 0.2960 1.3000 1.5960
66 3,615 2 0.3040 1.3000 1.6040
67 3,600 1 0.3120 1.3000 1.6120
 Incremental cost in Pampacancha

Incremental
IZ IZ
Factor Nv hauling cost
MineSight Whittle
$/t
1.0831 1 4,485 60 0.0480
1.0800 2 4,470 59 0.0440
1.0769 3 4,455 58 0.0400
1.0738 4 4,440 57 0.0360
1.0708 5 4,425 56 0.0320
1.0677 6 4,410 55 0.0280
1.0646 7 4,395 54 0.0240
1.0615 8 4,380 53 0.0200
1.0585 9 4,365 52 0.0160
1.0554 10 4,350 51 0.0120
1.0523 11 4,335 50 0.0080
1.0492 12 4,320 49 0.0040
1.0462 13 4,305 48 0.0000
1.0431 14 4,290 47 0.0080
1.0400 15 4,275 46 0.0160
1.0369 16 4,260 45 0.0240
1.0338 17 4,245 44 0.0320
1.0308 18 4,230 43 0.0400
1.0277 19 4,215 42 0.0480
1.0246 20 4,200 41 0.0560
1.0215 21 4,185 40 0.0640
1.0185 22 4,170 39 0.0720
1.0154 23 4,155 38 0.0800
1.0123 24 4,140 37 0.0880
1.0092 25 4,125 36 0.0960
1.0062 26 4,110 35 0.1040
1.0031 27 4,095 34 0.1120
1.0000 28 4,080 33 0.1200
1.0062 29 4,065 32 0.1280
1.0123 30 4,050 31 0.1360
1.0185 31 4,035 30 0.1440
1.0246 32 4,020 29 0.1520
1.0308 33 4,005 28 0.1600
1.0369 34 3,990 27 0.1680
1.0431 35 3,975 26 0.1760
1.0492 36 3,960 25 0.1840
1.0554 37 3,945 24 0.1920
1.0615 38 3,930 23 0.2000
1.0677 39 3,915 22 0.2080
1.0738 40 3,900 21 0.2160
1.0800 41 3,885 20 0.2240
1.0862 42 3,870 19 0.2320
1.0923 43 3,855 18 0.2400
1.0985 44 3,840 17 0.2480
1.1046 45 3,825 16 0.2560
1.1108 46 3,810 15 0.2640
1.1169 47 3,795 14 0.2720
1.1231 48 3,780 13 0.2800
1.1292 49 3,765 12 0.2880
1.1354 50 3,750 11 0.2960
1.1415 51 3,735 10 0.3040
1.1477 52 3,720 9 0.3120
1.1538 53 3,705 8 0.3200
1.1600 54 3,690 7 0.3280
1.1662 55 3,675 6 0.3360
1.1723 56 3,660 5 0.3440
1.1785 57 3,645 4 0.3520
1.1846 58 3,630 3 0.3600
1.1908 59 3,615 2 0.3680
1.1969 60 3,600 1 0.3760
1.2031
1.2092
1.2154
1.2215
1.2277
1.2338
1.2400
Mining cost of Total mining
waste cost of waste Factor
$/t $/t
1.5500 1.5980 1.0310
1.5500 1.5940 1.0284
1.5500 1.5900 1.0258
1.5500 1.5860 1.0232
1.5500 1.5820 1.0206
1.5500 1.5780 1.0181
1.5500 1.5740 1.0155
1.5500 1.5700 1.0129
1.5500 1.5660 1.0103
1.5500 1.5620 1.0077
1.5500 1.5580 1.0052
1.5500 1.5540 1.0026
1.5500 1.5500 1.0000
1.5500 1.5580 1.0052
1.5500 1.5660 1.0103
1.5500 1.5740 1.0155
1.5500 1.5820 1.0206
1.5500 1.5900 1.0258
1.5500 1.5980 1.0310
1.5500 1.6060 1.0361
1.5500 1.6140 1.0413
1.5500 1.6220 1.0465
1.5500 1.6300 1.0516
1.5500 1.6380 1.0568
1.5500 1.6460 1.0619
1.5500 1.6540 1.0671
1.5500 1.6620 1.0723
1.5500 1.6700 1.0774
1.5500 1.6780 1.0826
1.5500 1.6860 1.0877
1.5500 1.6940 1.0929
1.5500 1.7020 1.0981
1.5500 1.7100 1.1032
1.5500 1.7180 1.1084
1.5500 1.7260 1.1135
1.5500 1.7340 1.1187
1.5500 1.7420 1.1239
1.5500 1.7500 1.1290
1.5500 1.7580 1.1342
1.5500 1.7660 1.1394
1.5500 1.7740 1.1445
1.5500 1.7820 1.1497
1.5500 1.7900 1.1548
1.5500 1.7980 1.1600
1.5500 1.8060 1.1652
1.5500 1.8140 1.1703
1.5500 1.8220 1.1755
1.5500 1.8300 1.1806
1.5500 1.8380 1.1858
1.5500 1.8460 1.1910
1.5500 1.8540 1.1961
1.5500 1.8620 1.2013
1.5500 1.8700 1.2065
1.5500 1.8780 1.2116
1.5500 1.8860 1.2168
1.5500 1.8940 1.2219
1.5500 1.9020 1.2271
1.5500 1.9100 1.2323
1.5500 1.9180 1.2374
1.5500 1.9260 1.2426
Pit Optimization
Long-Term Planning

_name PCV6
_file10 pamp10.dat
_file15 pamp15.pln
_mcp pcv6.mcp
_mod pcv6.mod

Final Pit RF NPV_best NPV_specified NPV_worst Ore

2 0.22 489,035,960 485,396,063 485,396,063 10,855,794
6 0.30 831,638,529 819,213,590 783,415,781 25,265,887
32 0.84 929,466,246 908,336,836 828,307,647 35,108,335
41 0.98 933,332,106 907,771,252 683,379,911 41,671,642

xlPasteAsValues
Revenue
factor Open pit Open pit
for cashflow cashflow tonne
Final final best worst input
pit pit $ disc $ disc best
Final Pit RF NPV_best NPV_specified NPV_worst Ore
1 0.20 442,875,985 442,875,985 442,875,985 9,328,309
2 0.22 489,035,960 485,396,063 485,396,063 10,855,794
3 0.24 675,709,251 671,905,614 656,998,077 18,764,394
4 0.26 757,702,440 749,888,625 723,957,586 21,946,002
5 0.28 796,581,611 786,847,831 756,821,559 23,657,803
6 0.30 831,638,529 819,213,590 783,415,781 25,265,887
7 0.32 839,818,932 827,357,765 790,149,999 25,661,992
8 0.34 851,388,356 838,895,250 799,567,858 26,301,616
9 0.36 864,867,732 852,141,789 810,566,304 27,150,734
10 0.38 868,657,243 855,869,697 813,660,593 27,459,456
11 0.40 870,409,436 857,597,320 815,175,948 27,610,599
12 0.42 875,956,550 863,014,280 818,827,575 28,081,181
13 0.44 882,729,102 869,657,983 823,975,038 28,740,009
14 0.46 893,018,368 879,289,523 828,096,253 29,538,845
15 0.48 899,551,381 885,488,515 832,162,270 30,166,714
16 0.50 901,515,264 887,313,372 833,385,781 30,375,008
17 0.52 908,886,719 894,150,033 837,463,956 31,257,396
18 0.54 911,459,240 896,458,557 838,981,330 31,515,078
19 0.58 913,339,946 898,114,532 840,190,821 31,759,072
20 0.60 915,409,830 900,030,407 841,688,197 32,112,124
21 0.62 916,083,808 900,638,221 842,013,630 32,234,279
22 0.64 917,978,558 902,109,644 842,292,479 32,517,477
23 0.66 919,439,420 903,323,583 842,517,358 32,791,719
24 0.68 919,693,326 903,554,347 842,652,956 32,860,468
25 0.72 922,693,454 905,587,599 840,088,497 33,401,536
26 0.73 922,732,263 905,622,682 840,082,226 33,417,446
27 0.76 925,689,292 907,242,866 837,706,806 33,910,185
28 0.77 925,811,747 907,335,711 837,777,931 33,961,625
29 0.78 926,208,479 907,677,365 838,039,258 34,120,534
30 0.80 926,740,459 907,934,071 837,214,278 34,267,633
31 0.82 928,069,180 908,339,066 835,241,889 34,621,377
32 0.84 929,466,246 908,336,836 828,307,647 35,108,335
33 0.86 930,630,295 909,462,805 825,774,410 35,730,901
34 0.88 930,645,831 909,478,196 825,788,907 35,747,353
35 0.89 930,779,185 909,611,961 824,319,002 35,827,349
36 0.90 934,215,749 912,670,311 774,701,748 37,730,959
37 0.92 934,277,017 912,696,478 774,022,241 37,787,170
38 0.94 934,299,331 912,716,394 774,043,203 37,837,541
39 0.95 934,352,125 912,697,932 773,102,191 37,945,797
40 0.97 934,379,422 912,685,389 772,600,779 38,044,690
41 0.98 933,332,106 907,771,252 683,379,911 41,671,642
42 0.99 933,333,241 907,768,025 683,372,063 41,688,023
43 1.00 933,333,917 907,644,199 682,070,711 41,746,572
44 1.10 932,894,198 906,107,747 669,746,934 42,358,514
45 1.20 931,660,125 903,404,515 653,489,749 42,895,632
46 1.30 931,073,552 902,412,599 648,803,596 43,138,961
47 1.40 929,430,608 899,553,309 634,652,080 43,539,973
48 1.60 928,852,733 898,593,982 630,955,759 43,701,751
49 1.70 926,173,709 894,390,559 613,845,373 44,020,002
50 1.80 926,044,455 894,208,186 613,244,349 44,036,780
51 1.90 925,768,983 893,807,626 611,590,857 44,054,910
52 2.00 920,355,818 885,738,353 580,918,389 44,628,637
Cu% Ore Waste Cu% Waste
0.898 15,579,473 0.085
0.709 33,300,222 0.058
0.617 59,761,269 0.049
0.574 117,104,433 0.040

Grade
Grade in place
input Waste 25
CU best CU
best tonne best
Cu% Ore Waste Cu% Waste
0.935 13,763,225 0.090
0.898 15,579,473 0.085
0.751 21,901,498 0.072
0.732 27,955,770 0.063
0.719 30,276,778 0.060
0.709 33,300,222 0.058
0.707 34,003,228 0.058
0.702 35,137,584 0.057
0.694 36,331,413 0.056
0.690 36,544,903 0.056
0.688 36,591,407 0.056
0.683 37,286,240 0.056
0.675 37,738,110 0.056
0.669 40,430,603 0.055
0.663 41,621,143 0.054
0.661 41,949,960 0.054
0.651 43,309,855 0.054
0.649 44,123,862 0.054
0.646 44,609,364 0.053
0.642 45,087,020 0.053
0.641 45,261,304 0.053
0.638 46,284,635 0.053
0.635 46,911,728 0.052
0.634 46,959,300 0.052
0.630 49,521,155 0.052
0.629 49,521,155 0.052
0.627 53,224,097 0.050
0.626 53,272,354 0.050
0.624 53,535,067 0.050
0.623 54,314,599 0.049
0.621 56,702,870 0.048
0.617 59,761,269 0.049
0.610 61,724,457 0.048
0.610 61,724,457 0.048
0.609 62,225,651 0.048
0.601 83,660,809 0.042
0.600 83,903,331 0.042
0.600 83,903,331 0.042
0.599 84,352,845 0.042
0.598 84,514,784 0.042
0.574 117,104,433 0.040
0.574 117,120,583 0.040
0.574 117,680,157 0.040
0.569 122,160,418 0.040
0.566 127,978,792 0.039
0.564 129,837,605 0.039
0.562 134,366,615 0.039
0.560 135,601,360 0.039
0.558 141,385,819 0.038
0.558 141,615,036 0.038
0.558 142,173,333 0.038
0.554 151,901,162 0.038
 Discounted Cash Flow

250,000,000
500,000,000
750,000,000
1,000,000,000

0
0.20

0.22

P1S1
0.24

0.26

0.28

0.30

P1S2
0.32

0.34

0.36

0.38

0.40

0.42

0.44

0.46

0.48

0.50

0.52

Ore
0.54

0.58

0.60

0.62

0.64

0.66

Waste
0.68

0.72

0.73

0.76

0.77

Pit by Revenue Factor

0.78

0.80

NPV_best
0.82

0.84
P2
Pit by Pit Graph - Official Model V6 (Pampacancha)

0.86

0.88

0.89

0.90

0.92
NPV_specified
0.94

0.95

0.97

0.98
P3

0.99

1.00

1.10
NPV_worst

1.20

1.30

1.40

1.60

1.70

1.80

1.90

2.00
0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000

Tonnage