La Verde

Leverage via Development-Stage JV in Mexico

Development Stage Project with Excellent Infrastructure

Mill feed 587 Mt at 0.37% Cu, 0.03 g/t Au and 2.3 g/t Ag
Mining rate (average LOM) 105 Mtpa
Total material moved 2,054 Mt
Mining method Rope shovels and haul trucks
Mine life 19 years
Processing method Crush, grind, flotation, concentrate roasting
Processing rate 30 Mtpa
Concentrate produced (LOM) 7.2 Mt @ 26.7% Cu
Processing recoveries Cu 90%, Au 78%, Ag 79%
Pre-production capital US$1.2 B
Payback 3 years
Indicative NPV at 8% (pre-tax) US$617 M (US$1.15 B using US$3/lb Cu)
Internal Rate of Return 21.2% (28.6% using US$3/lb Cu)
Cumulative net cash flow (LOM, pre-tax, undiscounted) US$1.6 B