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Pulacayo Project Feasibility Study - Apogee Silver

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<strong>Pulacayo</strong> 1 000 t/d Phase I <strong>Feasibility</strong> <strong>Study</strong> - NI 43-101 Technical Report<br />

090644-3-0000-20-IFI-100<br />

Table 22.3: Concentrate produced and the Cost per Equivalent <strong>Silver</strong> Ounce Over the Mine Life<br />

<strong>Project</strong> Year Units 1 2 3 4 5 6 7 8 9 10 11 12 13<br />

Lead Concentrate tonnes<br />

0 2,064 5,761 8,147 8,236 8,523 9,975 5,808 4,296 3,860 3,501 4,284 2,569<br />

Zinc Concentrate tonnes<br />

0 2,479 9,629 12,977 10,545 10,637 11,887 8,203 8,057 8,844 9,202 9,088 3,355<br />

<strong>Silver</strong> in Concentrate Oz’000<br />

0 416 1,552 2,368 2,583 2,463 2,429 1,671 1,425 1,337 1,278 1,284 723<br />

<strong>Silver</strong> Base Metal Credits 1 oz equiv .'000<br />

0 167 574 786 691 704 802 518 463 481 483 504 218<br />

<strong>Silver</strong> produced with Base<br />

Metal Credits 1 oz equiv .'000<br />

0 583 2,125 3,154 3,274 3,167 3,231 2,189 1,888 1,818 1,761 1,788 941<br />

Cost per Equivalent <strong>Silver</strong><br />

Ounce<br />

US$/oz<br />

19.24 7.85 6.20 6.36 7.02 6.38 8.99 10.30 10.55 10.51 8.87 8.73<br />

Notes:<br />

1) The application of "silver equivalent ounces", (Oz AgEq.) means the US dollar value of lead & zinc metals divided by the price of silver and<br />

added to the pure silver ounces in any applicable category. Economic calculations used the following factors: lead equivalent ounces is Lead<br />

AgEq. = (Lead Tonnes x 2204lbs/t x $0.86/lb) / $28/oz and for zinc equivalent ounces is Zinc AgEq.= (Zinc Tonnes x 2204lbs/t x $1.00/lb) /<br />

$28/oz<br />

TWP Sudamérica S.A. Av. Encalada 1257 Of. 801, Santiago de Surco Lima 33, Perú (51-1) 4377473<br />

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