| Long-Term Price Case | $4/lb. Cu, $1,700/oz. Au, $24/oz. Ag |
| Project | Los Azules |
| Ownership | 100% |
| Estimated Indicated Resources | 11,256,700,000 CuEq lbs. |
| Average Annual Production | 276.9M lbs. |
| Recovery | 91% |
| Payable Product | 10,243,597,000 CuEq lbs. Cu (4.6 Mt CuEq) |
| LoM | 37 Years |
| True All-in Costs (TAIC) | $2.92/lb. |
| Gross Revenue | $40,974,388,000 |
| Treatment Charge | ($394,945,445) |
| Refining Charge | ($870,705,745) |
| Royalty | ($1,229,231,640) |
| Net Revenue | $38,479,505,170 |
| Total Operating Costs | ($15,160,523,560) |
| EBITDA | $23,318,981,610 |
| Income Taxes | ($8,161,643,564) |
| Total Capital Costs | ($4,072,000,000) |
| Net Income | $11,085,338,046 |
| Net Profit Margin | 27% |
| Absolute Cost Structure (ACS) | 73% |
| MTQ Score (Higher is Better) | 0.4 |
| Estimated Average Net Annual Cash Flow Contribution at the Long-term Price Cases | $299,052,000 |
Los Azules is a good Project at $4/lb. Cu and higher, with manageable True All-in Costs of $2.92/lb.
