COMARSA Quicay ET

Tentadora Sacalla Seductora ETNorte ETCentro ETSur

Mina $/ton.roca 0.933 0.753 0.888 0.676 1.280 1.391 1.398
Planta 0.700 0.700 0.700 1.087 1.180 1.180 1.180
Dif.Transporte 0.150 0.070 0.180 0.004 -0.090 -0.090 -0.090
G&A 1.000 1.000 1.000 0.703 2.635 2.635 2.635
Proceso $/ton.Mineral 1.850 1.770 1.880 1.794 3.725 3.725 3.725
Selling $/gr.Au 0.410 0.410 0.410 0.569 0.226 0.226 0.226

COMARSA QUICAY ET
Produccion Min/mes 1,454,912 249,560 55,676
Produccion Des/mes 2,795,994 728,963 86,737
WOR 1.92 2.92 1.56
 COMARSA QUICAY RT
Tentadora Sacalla Seductora TOTAL PM
Mineral 7,211,826 2,132,954 5,525,120 15,001,047 1,497,363 2,400,000
Desmonte 9,870,544 10,509,170 14,550,542 35,150,446 4,373,777 2,880,000
Roca 17,082,369 12,642,123 20,075,662 49,800,155 5,871,140 5,280,000
Ley gr Au/ton 0.422256402 0.509964056 0.347048039 0.689 0.71
Recuperacion % 65.00% 65.00% 65.00% 65.00% 70.00% 70.00%
Au Recuperado gr. 1,979,406 707,024 1,246,363 3,932,793 722,027 1,192,800

Ricardo Torres RT
Pico Machay PM
 COMARSA
Tentadora Sacalla Seductora Total
MINA
Perforacion 4,107,971 1,748,911 3,782,848 9,639,730
Voladura 3,103,710 1,514,832 3,306,948 7,925,490
Remosion,Acumulacion y Perfilado 197,326 175,973 187,616 560,915
Carguio 2,425,871 2,549,386 2,906,440 7,881,697
Transporte Mineral 2,776,152 1,222,990 2,900,435 6,899,577
TransporteDesmonte 2,340,252 3,485,289 2,777,816 8,603,357
Dif.Transporte a Proceso
Accesos,Vias y Serv.Auxiliares 1,454,859 1,170,614 1,602,575 4,228,048
Empuje Botaderos 578,317 619,148 556,795 1,754,260
Administracion y Supervision 276,223
TOTAL 16,984,458 12,487,143 18,021,473 47,493,074

PLANTA COMARSA
Aglomeracion 331,565
Lixiviacion 4,781,898
Adsorcion 1,351,725
Desorcion
Fundicion 9,190
Reactivacion 154,825
Administracion y Supervision 2,221,787

TOTAL 8,850,990 0 0

GASTOS GENERALES
Geologia 1,839,772
Mina
Planta
Ingenieria Planeamiento, topografia 937,727
Mantenimiento 1,804,290
Seyma 855,125
Superintendencia y Administracion 3,903,109
Laboratorio e Investigaciones Metalurgicas 1,509,551

TOTAL 10,849,574 0 0

TOTAL OPERACIONES 67,193,638

OTROS GASTOS
Gastos de Venta 652,488
Regalias 560,000
Gastos Administrativos Lima 4,097,425
Gastos Financieros 233,620
Depreciacion Activo 1,197,893

TOTAL
Construccion Pads 8,215,760
Preminado y Proyectos (Exploraciones etc) 2,078,250

TOTAL

TOTAL 84,229,074 0 0 0
QUICAY RT
PM
4,530,634
336,018 2,735,282
677,962
125,501
564,119
464,067
1,337,410

120,487
119,286

3,744,849 7,265,916

1,146,327
380,946
469,631
80,943
161,011
6,353
14,838

1,113,722 1,146,327

164,554 387,725
117,217
130,035
159,777 262,838
464,861
194,534 458,016
372,863 1,487,274
30,933 296,538

1,169,914 3,357,252

6,028,485 ###

146,118 82,899
110,937 221,512
595,121
39,593
600,000

257,055 1,539,125
776,489 1,350,000
487,352

1,263,841 1,350,000

7,549,382 ###
 COMARSA RT

Tentadora Sacalla PM
$/ton roca $/ton mineral $/gr Au $/ton roca$/ton mineral $/gr Au $/ton roca$/ton mineral $/gr Au
MINA
Perforacion 0.2405 0.2896
Voladura 0.1817 0.2716
Remosion,Acumulacion y Perfilado 0.0116 0.0320
Carguio 0.1420 0.1365
Transporte Mineral 0.3849 0.3716
TransporteDesmonte 0.2371 0.1161
Dif.Transporte a Proceso 0.1478 0.2556
Accesos,Vias y Serv.Auxiliares 0.0852 0.0837
Empuje Botaderos 0.0339 0.0129

TOTAL 0.9318 0.1478 0.9424 0.2556

PLANTA
Aglomeracion 0.0221 0.0673
Lixiviacion 0.3188 0.3679
Adsorcion 0.3437 0.5883
Desorcion 0.0000
Fundicion 0.0023 0.0016
Reactivacion 0.0394 0.0043
Construccion Pads de Lixiviacion

TOTAL 0.3409 0.3854 0.4352 0.5942

GASTOS GENERALES
Geologia 0.1226 0.1643
Mina 0.0000 0.1240
Planta
Ingenieria Planeamiento, topografia 0.0625 0.0326
Mantenimiento 0.1203 0.1636
Seyma 0.0570 0.2075
Superintendencia y Administracion 0.2602 0.2043
Laboratorio e Investigaciones Metalurgicas 0.1006 0.4302
0.1609
TOTAL 0.7233 1.3634

TOTAL OPERACIONES 1.0641 1.7986

OTROS GASTOS
Gastos de Venta 0.1659 0.0695
Regalias 0.0420
Gastos Administrativos Lima 0.2731 0.2480
Gastos Financieros
Depreciacion Activo

Construccion Pads 0.5477 0.5625

Preminado y Proyectos (Exploraciones etc)

TOTAL 0.0000 0.8208 0.1659 0.0420 0.8105 0.0695

GRAN TOTAL 0.9318 2.0328 0.5513 0.9424 2.8647 0.6637

 DESDE WHITTLE

TENTADORA

Planta 1.04
G&A 1.00
Ventas 0.14
WOR 1.37
Mina 2.21
Gastos Financieros Ya en G&A
Amortizacion y Depreciacion 0.08

Precio $/oz 700

Cotizacion $/gr 22.51
Recuperacion % 70%

Cut-off Metalurgico 0.138

Cut-off de Equilibrio 0.278
Cut-off Empresarial 0.283
 CALCULO TRADICIONAL

CUT OFF TENTADORA

ENERO-LA FECHA / 2000 : PROMEDIO MENSUAL U.S. $/TM U.S. $/TM

GASTOS DE VENTAS 0.04
SERVICIOS GENERALES 1.00
PLANTA (1) 1.29 2.33

MINA (2) 2.43 4.76

GASTOS FINANCIEROS AMORTIZACION Y DEPRECIACION 0.20

TOTAL (3) 4.96

700
COTIZACION US $ / GR. 22.51
RECUPERACION 0.65

GR / TM
CUT OFF METALURGICO (OPERATIVO) (1) 0.159
CUT OFF DE DISEÑO DEL TAJO (EQUILIBRIO) (2) 0.325
CUT OFF EMPRESARIAL (3) 0.339
LO TRADICIONAL

CUT OFF PICO MACHAY

ENERO-LA FECHA / 2000 : PROMEDIO MENSUAL U.S. $/TM U.S. $/TM

GASTOS DE VENTAS 0.03
SERVICIOS GENERALES 1.65
PLANTA (1) 0.48 2.16

MINA (2) 3.12 5.28

GASTOS FINANCIEROS AMORTIZACION Y DEPRECIACION 0.27

TOTAL (3) 5.55

700
COTIZACION US $ / GR. 22.51
RECUPERACION 0.65

GR / TM
CUT OFF METALURGICO (OPERATIVO) (1) 0.15
CUT OFF DE DISEÑO DEL TAJO (EQUILIBRIO) (2) 0.36
CUT OFF EMPRESARIAL (3) 0.38
 HOJA DE CALCULO DE REVENUE FACTOR - PARA U

Unidad Precio Base Precio Inicial Precio Final

$/gr 35.36579 3.215072 67.516517
Us$/oz 1100 100 2100

n°pit revenue factor precio n°pit

1 0.091 100.00 36
2 0.182 200.00 37
3 0.273 300.00 38
4 0.364 400.00 39
5 0.455 500.00 40
6 0.545 600.00 41
7 0.636 700.00 42
8 0.727 800.00 43
9 0.818 900.00 44
10 0.909 1000.00 45
11 1.000 1100.00 46
12 1.091 1200.00 47
13 1.182 1300.00 48
14 1.273 1400.00 49
15 1.364 1500.00 50
16 1.455 1600.00 51
17 1.545 1700.00 52
18 1.636 1800.00 53
19 1.727 1900.00 54
20 1.818 2000.00 55
21 1.909 2100.00 56
22 0.000 0.00 57
23 0.000 0.00 58
24 0.000 0.00 59
25 0.000 0.00 60
26 0.000 0.00 61
27 0.000 0.00 62
28 0.000 0.00 63
29 0.000 0.00 64
30 0.000 0.00 65
31 0.000 0.00 66
32 0.000 0.00 67
33 0.000 0.00 68
34 0.000 0.00 69
35 0.000 0.00 70
REVENUE FACTOR - PARA USAR EN WHITLLE

N° Pasos No PIT START STEP END

20 21 0.09090909 0.09090909 1.90909091

revenue factor precio n°pit revenue factor precio

0.000 0.00 71 0.000 0.00
0.000 0.00 72 0.000 0.00
0.000 0.00 73 0.000 0.00
0.000 0.00 74 0.000 0.00
0.000 0.00 75 0.000 0.00
0.000 0.00 76 0.000 0.00
0.000 0.00 77 0.000 0.00
0.000 0.00 78 0.000 0.00
0.000 0.00 79 0.000 0.00
0.000 0.00 80 0.000 0.00
0.000 0.00 81 0.000 0.00
0.000 0.00 82 0.000 0.00
0.000 0.00 83 0.000 0.00
0.000 0.00 84 0.000 0.00
0.000 0.00 85 0.000 0.00
0.000 0.00 86 0.000 0.00
0.000 0.00 87 0.000 0.00
0.000 0.00 88 0.000 0.00
0.000 0.00 89 0.000 0.00
0.000 0.00 90 0.000 0.00
0.000 0.00 91 0.000 0.00
0.000 0.00 92 0.000 0.00
0.000 0.00 93 0.000 0.00
0.000 0.00 94 0.000 0.00
0.000 0.00 95 0.000 0.00
0.000 0.00 96 0.000 0.00
0.000 0.00 97 0.000 0.00
0.000 0.00 98 0.000 0.00
0.000 0.00 99 0.000 0.00
0.000 0.00 100 0.000 0.00
0.000 0.00
0.000 0.00
0.000 0.00
0.000 0.00
0.000 0.00
 HOJA DE CALCULO DE REVENUE FACTOR - PARA U

Unidad Precio Base Precio Inicial Precio Final

$/gr 41.79594 25.720578 57.871301
Us$/oz 1300 800 1800

n°pit revenue factor precio n°pit

1 0.615 800.00 36
2 0.635 825.00 37
3 0.654 850.00 38
4 0.673 875.00 39
5 0.692 900.00 40
6 0.712 925.00 41
7 0.731 950.00 42
8 0.750 975.00 43
9 0.769 1000.00 44
10 0.788 1025.00 45
11 0.808 1050.00 46
12 0.827 1075.00 47
13 0.846 1100.00 48
14 0.865 1125.00 49
15 0.885 1150.00 50
16 0.904 1175.00 51
17 0.923 1200.00 52
18 0.942 1225.00 53
19 0.962 1250.00 54
20 0.981 1275.00 55
21 1.000 1300.00 56
22 1.019 1325.00 57
23 1.038 1350.00 58
24 1.058 1375.00 59
25 1.077 1400.00 60
26 1.096 1425.00 61
27 1.115 1450.00 62
28 1.135 1475.00 63
29 1.154 1500.00 64
30 1.173 1525.00 65
31 1.192 1550.00 66
32 1.212 1575.00 67
33 1.231 1600.00 68
34 1.250 1625.00 69
35 1.269 1650.00 70
E REVENUE FACTOR - PARA USAR EN WHITLLE

N° Pasos No PIT START STEP END

40 41 0.61538462 0.01923077 1.38461538

revenue factor precio n°pit revenue factor precio

1.288 1675.00 71 0.000 0.00
1.308 1700.00 72 0.000 0.00
1.327 1725.00 73 0.000 0.00
1.346 1750.00 74 0.000 0.00
1.365 1775.00 75 0.000 0.00
1.385 1800.00 76 0.000 0.00
0.000 0.00 77 0.000 0.00
0.000 0.00 78 0.000 0.00
0.000 0.00 79 0.000 0.00
0.000 0.00 80 0.000 0.00
0.000 0.00 81 0.000 0.00
0.000 0.00 82 0.000 0.00
0.000 0.00 83 0.000 0.00
0.000 0.00 84 0.000 0.00
0.000 0.00 85 0.000 0.00
0.000 0.00 86 0.000 0.00
0.000 0.00 87 0.000 0.00
0.000 0.00 88 0.000 0.00
0.000 0.00 89 0.000 0.00
0.000 0.00 90 0.000 0.00
0.000 0.00 91 0.000 0.00
0.000 0.00 92 0.000 0.00
0.000 0.00 93 0.000 0.00
0.000 0.00 94 0.000 0.00
0.000 0.00 95 0.000 0.00
0.000 0.00 96 0.000 0.00
0.000 0.00 97 0.000 0.00
0.000 0.00 98 0.000 0.00
0.000 0.00 99 0.000 0.00
0.000 0.00 100 0.000 0.00
0.000 0.00
0.000 0.00
0.000 0.00
0.000 0.00
0.000 0.00