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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: IRR 10.13% and a payback period of 6.5 years

Operating Costs

LOM site unit operating cash costs, net of capitalized pre-stripping and other predevelopment costs, are$13.33per tonne-milled, as summarized in the table below:

LOM Operating Costs
Area LOM CDN $/tonne milled
Mining 6.56
Processing 4.87
Tailings Facility 0.22
Depot Services 0.52
Surface Services 0.34
General & Administration 0.82
Total 13.33

Open pit mining cash costs average$6.56per tonne of ore mined, including waste and ore mining costs. The in situ life of mine average strip ratio (waste to ore) is estimated to be 2:1.

LOM copper production total and cash costs per produced pound including mine site operating costs, smelter and refining charges and concentrate transport cost average$2.09/lb and$1.15/lb, respectively.

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Dec 21, 2012 03:40PM
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