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COSTO DE INVERSION SIERRA MIRANDA ( US$ ).

MINERAL ( 100% - 1 1/2" )


ITEMS \ TONELADAS 750 Costo [US$/Ton] 2017
Motobombas ( 2 ) 924.2 1.2
Costo Agua Inicial 5,250.0 7.0

Carpeta Impermeable ( pila,canaletas, piscin 6,225.2 8.3 Carpeta Impermeab

Apersores Pilas 183.2 0.2


Líneas Tuberias 177.0 0.2
Preparación Terreno 12,288.2 16.4
Chancador 15,701.5 20.9
COSTO TOTAL ( US$ ) 40,749.3 54.3

COSTOS DE PRODUCCION SULFATO DE COBRE CALIDAD TECNICA ( US$ / TON )


SULFATO DE COBRE ( TON / MES ) 30.3
Costo [US$/Ton] 2017
INSUMOS \ TONELADAS 750
Acido Sulfúrico 6,000.0 8.0
Agua Industrial ( Rep ) 1,207.5 1.6
Chancador 2,835.2 3.8
Capataz ( 1 ) 1,232.7 1.6
Operadores ( 5 ) 3,466.9 4.6
Costo Operaciones Mina 1,482.0 2.0
Préstamo Inversión capital fijo ( 48 cuotas ) 1,184.3 1.6
Transporte Sulfato de Cobre 6,914.8 9.2
Combustible Motobombas 18.2 0.0
TOTAL EGRESOS ( US$ / MES ) 24,341.4 32.5
COSTO SULFATO DE COBRE ( US$ / TON ) 802.8 1.1

Costos de Produccion de Sulfato de Cobre


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7.0
6.0
5.0
4.0
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Costo [US$/Ton] 2017 Costo [


COSTO DE INVERSION SIERRA MIRANDA ( US$ ). MINERAL ( 100% - 1 1/2" )
ITEMS \ TONELADAS 750 Costo [U$$/Ton] 2005
Motobombas ( 2 ) 1,047.0 1.4
Costo Agua Inicial 4,124.3 5.5

Carpeta Impermeable ( pila,canaletas, piscinas,pozas) 3,085.7 4.1

Apersores Pilas 140.0 0.2


Líneas Tuberias 135.3 0.2
Preparación Terreno 4,252.6 5.7
Chancador 12,000.0 16.0
COSTO TOTAL ( US$ ) 24,784.9 33.0 25.0
20.0
15.0
10.0
COSTOS DE PRODUCCION SULFATO DE COBRE CALIDAD TECNICA ( US$ / TON )
5.0
SULFATO DE COBRE ( TON / MES ) 30.3
Costo [US$/Ton] 2005 0.0
INSUMOS \ TONELADAS 750

[US$ / TON]
Acido Sulfúrico 1,500.0 2.0
Agua Industrial ( Rep ) 948.6 1.3
Chancador 2,577.7 3.4
Capataz ( 1 ) 329.9 0.4
Operadores ( 5 ) 1,374.8 1.8
Costo Operaciones Mina 1,482.0 2.0
Préstamo Inversión capital fijo ( 48 cuotas ) 720.3 1.0
Transporte Sulfato de Cobre 1,111.6 1.5
Combustible Motobombas 12.1 0.0
TOTAL EGRESOS ( US$ / MES ) 8,557.0 11.4
COSTO SULFATO DE COBRE ( US$ / TON ) 282.2 0.4

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osto [US$/Ton] 2017 Costo [US$/Ton] 2005


25.0
Costos De Inversion Sierra Miranda [US$/TON]
20.0
15.0
10.0
5.0
0.0
[US$ / TON]

Costo [US$/Ton] 2017


ITEMS Costo [U$$/Ton] 2005
COSTO DE INVERSION SIERRA MIRANDA ( US$ ). MINERAL ( 100% - 1 1/2" )
ITEMS \ TONELADAS 750
Motobombas ( 3 ) 1,386.3 1.8
Costo Agua Inicial 15,750.0 21.0
Carpeta Impermeable ( pila,canaletas piscinas,pozas)6,003.6 8.0
Piscina precipitado ( concreto ) 53,336.2 71.1
Apersores Pilas 183.2 0.2
Líneas Tuberias 177.0 0.2
Preparación Terreno
Chancador 15701.4778325123 20.93530378
COSTO TOTAL ( US$ ) 183,776.0 245.0
FLUJO DE CAJA DEL PROYECTO PRECIPITADO
ESCENARIO REALISTA

PRECIPITADO DE COBRE OCTUBRE 2005

PARAMETROS
BASE 65% ( US$ / TMS) 3,525.5634
ESCALA: 1% ( US$ / TMS ) 56.8560
F.E Cu Cont (US$ / TON ) 0.0000
COBRANZA F.E. Cu Cont 211.6437
PRECIO COBRE ( US$/ Lb ) 2.9600
DÓLAR 649

ALTERNATIVA Nº1
ALTURA PILA = 1,5 m.
TONELAJE = 300 TON
ITEMS \ PERIODO 0 1 2
INGRESOS 582,387,546 582,387,546
COSTOS OPERACIONALES 170,622,780 170,622,780
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 8,271,500 6,585,780
AMORTIZACION DE DEUDA 12,215,366 13,901,087
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,031,861 3,031,861
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 386,777,163 386,633,211
IMPUESTO A LA RENTA ( 16% ) 61,884,346 61,861,314
UTILIDAD NETA 324,892,817 324,771,897
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,031,861 3,031,861
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 59,938,408
GASTOS PUESTA EN MARCHA ( 10% ) 5,993,841
CAPITAL DE TRABAJO 14,218,565
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -80,150,814 329,393,554 329,416,586

VAN ( 16% ) $ 1,174,606,426


411.0%
TONELAJE = 350 TON
ITEMS \ PERIODO 0 1 2
INGRESOS 679,452,137 679,452,137
COSTOS OPERACIONALES 191,915,112 191,915,112
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 9,224,332 7,344,426
AMORTIZACION DE DEUDA 13,622,510 15,502,416
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,401,584 3,401,584
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 459,819,723 459,675,771
IMPUESTO A LA RENTA ( 16% ) 73,571,156 73,548,123
UTILIDAD NETA 386,248,567 386,127,648
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,401,584 3,401,584
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 66,842,987
GASTOS PUESTA EN MARCHA ( 10% ) 6,684,299
CAPITAL DE TRABAJO 15,992,926
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -89,520,212 391,119,027 391,142,059

VAN ( 16% ) 1,398,989,479


436.91%

TONELAJE = 400 TON


ITEMS \ PERIODO 0 1 2
INGRESOS 776,516,728 776,516,728
COSTOS OPERACIONALES 213,194,217 213,194,217
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 10,159,285 8,088,836
AMORTIZACION DE DEUDA 15,003,249 17,073,698
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,769,198 3,769,198
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 532,921,904 532,777,952
IMPUESTO A LA RENTA ( 16% ) 85,267,505 85,244,472
UTILIDAD NETA 447,654,399 447,533,480
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,769,198 3,769,198
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 73,618,005
GASTOS PUESTA EN MARCHA ( 10% ) 7,361,801
CAPITAL DE TRABAJO 17,766,185
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -98,745,990 452,892,473 452,915,505

VAN ( 16% ) 1,623,661,982


459%

TONELAJE = 450 TON


ITEMS \ PERIODO 0 1 2
INGRESOS 873,581,319 873,581,319
COSTOS OPERACIONALES 234,489,038 234,489,038
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 11,084,633 8,825,600
AMORTIZACION DE DEUDA 16,369,805 18,628,839
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 4,135,964 4,135,964
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 606,033,003 605,889,051
IMPUESTO A LA RENTA ( 16% ) 96,965,281 96,942,248
UTILIDAD NETA 509,067,723 508,946,803
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 4,135,964 4,135,964
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 80,323,428
GASTOS PUESTA EN MARCHA ( 10% ) 8,032,343
CAPITAL DE TRABAJO 19,540,753
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -107,896,524 514,672,563 514,695,595

VAN ( 16% ) 1,848,417,198


477%

TONELAJE = 500 TON


ITEMS \ PERIODO 0 1 2
INGRESOS 970,645,910 970,645,910
COSTOS OPERACIONALES 255,763,420 255,763,420
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 11,999,639 9,554,129
AMORTIZACION DE DEUDA 17,721,088 20,166,598
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 4,501,351 4,501,351
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 679,191,536 679,047,584
IMPUESTO A LA RENTA ( 16% ) 108,670,646 108,647,613
UTILIDAD NETA 570,520,890 570,399,971
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 4,501,351 4,501,351
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 86,953,908
GASTOS PUESTA EN MARCHA ( 10% ) 8,695,391
CAPITAL DE TRABAJO 21,313,618
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -116,962,917 576,491,118 576,514,150

VAN ( 16% ) 2,073,380,614


493%

TONELAJE = 750 TON


ITEMS \ PERIODO 0 1 2
INGRESOS 1,455,968,866 1,455,968,866
COSTOS OPERACIONALES 362,105,431 362,105,431
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 15,815,287 12,566,636
AMORTIZACION DE DEUDA 24,499,632 27,748,284
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 6,315,378 6,315,378
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 1,045,764,262 1,045,620,310
IMPUESTO A LA RENTA ( 25% ) 261,441,065 261,405,077
UTILIDAD NETA 784,323,196 784,215,232
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 6,315,378 6,315,378
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 119,270,642
GASTOS PUESTA EN MARCHA ( 10% ) 11,927,064
CAPITAL DE TRABAJO 30,175,453
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -161,373,159 792,107,450 792,143,438
PAYBACK -161,373,159 630,734,291 1,422,877,729

VAN ( 16% ) 2,845,374,743


TIR 491%

TONELAJE = 1000 TON


ITEMS \ PERIODO 0 1 2
INGRESOS 1,941,291,821 1,941,291,821
COSTOS OPERACIONALES 472,120,531 472,120,531
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 19,972,698 15,870,064
AMORTIZACION DE DEUDA 30,939,923 35,042,556
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 8,160,862 8,160,862
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 1,408,628,932 1,408,484,980
IMPUESTO A LA RENTA ( 16% ) 225,380,629 225,357,597
UTILIDAD NETA 1,183,248,303 1,183,127,383
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 8,160,862 8,160,862
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 150,623,665
GASTOS PUESTA EN MARCHA ( 10% ) 15,062,367
CAPITAL DE TRABAJO 39,343,378
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -205,029,409 1,192,878,041 1,192,901,073

VAN ( 16% ) 4,317,886,941


582%

TONELAJE = 1500 TON


ITEMS \ PERIODO 0 1 2
INGRESOS 2,911,937,731 2,911,937,731
COSTOS OPERACIONALES 684,739,411 684,739,411
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 28,045,492 22,284,609
AMORTIZACION DE DEUDA 43,445,575 49,206,458
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 11,731,810 11,731,810
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 2,142,506,569 2,142,362,617
IMPUESTO A LA RENTA ( 16% ) 342,801,051 342,778,019
UTILIDAD NETA 1,799,705,518 1,799,584,598
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 11,731,810 11,731,810
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 211,504,462
GASTOS PUESTA EN MARCHA ( 10% ) 21,150,446
CAPITAL DE TRABAJO 57,061,618
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -289,716,526 1,812,906,203 1,812,929,236

VAN ( 16% ) 6,578,822,784


626%

TONELAJE = 2000 TON


ITEMS \ PERIODO 0 1 2
INGRESOS 3,882,583,642 3,882,583,642
COSTOS OPERACIONALES 897,310,095 897,310,095
COSTOS MOTOBOMBAS (3)
INTERES PRESTAMO (GASTOS FINANCIEROS) 35,920,721 28,542,170
AMORTIZACION DE DEUDA 55,645,177 63,023,728
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 15,279,806 15,279,806
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 2,876,958,967 2,876,815,015
IMPUESTO A LA RENTA ( 16% ) 460,313,435 460,290,402
UTILIDAD NETA 2,416,645,532 2,416,524,613
DEPRECIACION MOTOBOMBAS (3) 449,850 449,850
DEPRECIACION CHANCADOR 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 15,279,806 15,279,806
VALOR DE DESECHO MOTOBOMBAS 143,952
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 270,895,330
GASTOS PUESTA EN MARCHA ( 10% ) 27,089,533
CAPITAL DE TRABAJO 74,775,841
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -372,760,704 2,433,394,214 2,433,417,247

VAN ( 16% ) $ 8,842,742,394


TIR 653%
CAJA DEL PROYECTO PRECIPITADO DE COBRE
ESCENARIO REALISTA

3 4 5 6 PERIODO
582,387,546 582,387,546 582,387,546 582,387,546 1
170,622,780 170,622,780 170,622,780 170,622,780 2
899,700 899,700 3
4,667,430 2,484,348 4
15,819,437 18,002,519
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
3,031,861 3,031,861 3,031,861 3,031,861
143,952 143,952
4,076,104
385,877,463 386,633,211 406,364,330 403,043,974
61,740,394 61,861,314 65,018,293 64,487,036
324,137,069 324,771,897 341,346,037 338,556,938
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
3,031,861 3,031,861 3,031,861 3,031,861
143,952 143,952
4,076,104

14,218,565
49,881,339
328,637,806 329,416,586 345,846,774 411,377,635
3 4 5 6 PERIODO
679,452,137 679,452,137 679,452,137 679,452,137 1
191,915,112 191,915,112 191,915,112 191,915,112 2
899,700 899,700 3
5,205,092 2,770,531 4
17,641,750 20,076,311
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
3,401,584 3,401,584 3,401,584 3,401,584
143,952 143,952
4,076,104
458,920,023 459,675,771 481,766,865 478,446,510
73,427,204 73,548,123 77,082,698 76,551,442
385,492,819 386,127,648 404,684,167 401,895,068
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
3,401,584 3,401,584 3,401,584 3,401,584
143,952 143,952
4,076,104

15,992,926
59,199,632
390,363,279 391,142,059 409,554,627 486,178,141

3 4 5 6 PERIODO
776,516,728 776,516,728 776,516,728 776,516,728 1
213,194,217 213,194,217 213,194,217 213,194,217 2
899,700 899,700 3
5,732,666 3,051,344 4
19,429,868 22,111,190
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
3,769,198 3,769,198 3,769,198 3,769,198
143,952 143,952
4,076,104
532,022,204 532,777,952 557,184,738 553,864,382
85,123,553 85,244,472 89,149,558 88,618,301
446,898,651 447,533,480 468,035,180 465,246,081
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
3,769,198 3,769,198 3,769,198 3,769,198
143,952 143,952
4,076,104

17,766,185
68,524,004
452,136,725 452,915,505 473,273,254 560,994,399

3 4 5 6 PERIODO
873,581,319 873,581,319 873,581,319 873,581,319 1
234,489,038 234,489,038 234,489,038 234,489,038 2
899,700 899,700 3
6,254,820 3,329,273 4
21,199,618 24,125,166
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
4,135,964 4,135,964 4,135,964 4,135,964
143,952 143,952
4,076,104
605,133,303 605,889,051 632,587,742 629,267,386
96,821,329 96,942,248 101,214,039 100,682,782
508,311,975 508,946,803 531,373,703 528,584,604
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
4,135,964 4,135,964 4,135,964 4,135,964
143,952 143,952
4,076,104

19,540,753
77,848,773
513,916,815 514,695,595 536,978,543 635,799,027

3 4 5 6 PERIODO
970,645,910 970,645,910 970,645,910 970,645,910 1
255,763,420 255,763,420 255,763,420 255,763,420 2
899,700 899,700 3
6,771,139 3,604,095 4
22,949,589 26,116,632
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
4,501,351 4,501,351 4,501,351 4,501,351
143,952 143,952
4,076,104
678,291,836 679,047,584 708,012,564 704,692,208
108,526,694 108,647,613 113,282,010 112,750,753
569,765,142 570,399,971 594,730,553 591,941,455
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
4,501,351 4,501,351 4,501,351 4,501,351
143,952 143,952
4,076,104

21,313,618
87,178,667
575,735,370 576,514,150 600,700,781 710,624,023

3 4 5 6 Grafica de Costos Vs Ingresos


PERIODO
1,455,968,866 1,455,968,866 1,455,968,866
1,600.00 1,455,968,866 1
362,105,431 362,105,431 362,105,431 1,455.97
362,105,431 1,455.97 2 1,455.97 1,455.
899,700 1,400.00
899,700 3
8,887,213 4,719,900 4
1,200.00
31,427,706 35,595,020
449,850 449,850 449,850
1,000.00 449,850
1,019,026 1,019,026 1,019,026 1,019,026 Periodo
6,315,378 6,315,378 800.00
6,315,378 6,315,378 1
143,952 143,952 2
600.00
4,076,104 3
1,044,864,562 1,045,620,310 400.00
1,085,179,481 1,081,859,126 4
261,216,140 261,405,077 271,294,870 270,464,781 5
783,648,421 784,215,232 200.00
813,884,611 811,394,344 6
449,850 449,850 449,850
0.00 449,850
1,019,026 1,019,026 1,019,026 11,019,026 2 3 4
6,315,378 6,315,378 6,315,378 6,315,378
Costos, Intereses y Amortizacion [MUS$] Ingresos [MUS$]
143,952 143,952
4,076,104

30,175,453
119,684,876
791,432,675 792,143,438 821,668,864 973,258,982
2,214,310,404 3,006,453,842 3,828,122,706 4,801,381,688

3 4 5 6 PERIODO
1,941,291,821 1,941,291,821 1,941,291,821 1,941,291,821 1
472,120,531 472,120,531 472,120,531 472,120,531 2
899,700 899,700 3
11,223,421 5,960,633 4
39,689,199 44,951,987
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
8,160,862 8,160,862 8,160,862 8,160,862
143,952 143,952
4,076,104
1,407,729,232 1,408,484,980 1,458,641,853 1,455,321,497
225,236,677 225,357,597 233,382,696 232,851,440
1,182,492,555 1,183,127,383 1,225,259,156 1,222,470,058
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
8,160,862 8,160,862 8,160,862 8,160,862
143,952 143,952
4,076,104

39,343,378
180,170,741
1,192,122,293 1,192,901,073 1,234,888,894 1,455,833,970

3 4 5 6 PERIODO
2,911,937,731 2,911,937,731 2,911,937,731 2,911,937,731 1
684,739,411 684,739,411 684,739,411 684,739,411 2
899,700 899,700 3
15,759,832 8,369,871 4
55,731,234 63,121,196
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
11,731,810 11,731,810 11,731,810 11,731,810
143,952 143,952
4,076,104
2,141,606,869 2,142,362,617 2,213,097,935 2,209,777,579
342,657,099 342,778,019 354,095,670 353,564,413
1,798,949,770 1,799,584,598 1,859,002,265 1,856,213,167
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
11,731,810 11,731,810 11,731,810 11,731,810
143,952 143,952
4,076,104

57,061,618
273,693,542
1,812,150,455 1,812,929,236 1,872,202,951 2,204,389,068

3 4 5 6 PERIODO
3,882,583,642 3,882,583,642 3,882,583,642 3,882,583,642 1
897,310,095 897,310,095 897,310,095 897,310,095 2
899,700 899,700 3
20,185,224 10,720,147 4
71,380,674 80,845,751
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
15,279,806 15,279,806 15,279,806 15,279,806
143,952 143,952
4,076,104
2,876,059,267 2,876,815,015 2,967,625,165 2,964,304,809
460,169,483 460,290,402 474,820,026 474,288,769
2,415,889,784 2,416,524,613 2,492,805,139 2,490,016,040
449,850 449,850 449,850 449,850
1,019,026 1,019,026 1,019,026 1,019,026
15,279,806 15,279,806 15,279,806 15,279,806
143,952 143,952
4,076,104
74,775,841
367,272,630
2,432,638,466 2,433,417,247 2,509,553,821 2,953,033,249
CUADRO AMORTIZACION PRESTAMO (DEUDA)

TASA DE INTERES (%) 13.8


PRESTAMO 59,938,408

SALDO INSOLUTO AMORTIZACION INTERESES CUOTA


47,723,042 12,215,366 8,271,500 20,486,867
33,821,956 13,901,087 6,585,780 20,486,867
18,002,519 15,819,437 4,667,430 20,486,867
0 18,002,519 2,484,348 20,486,867

TASA DE INTERES (%) 13.8


PRESTAMO 66,842,987
SALDO INSOLUTO AMORTIZACION INTERESES CUOTA
53,220,477 13,622,510 9,224,332 22,846,842
37,718,061 15,502,416 7,344,426 22,846,842
20,076,311 17,641,750 5,205,092 22,846,842
0 20,076,311 2,770,531 22,846,842

TASA DE INTERES (%) 13.8


PRESTAMO 73,618,005

SALDO INSOLUTO AMORTIZACION INTERESES CUOTA


58,614,756 15,003,249 10,159,285 25,162,534
41,541,058 17,073,698 8,088,836 25,162,534
22,111,190 19,429,868 5,732,666 25,162,534
0 22,111,190 3,051,344 25,162,534
TASA DE INTERES (%) 13.8
PRESTAMO 80,323,428

SALDO INSOLUTO AMORTIZACION INTERESES CUOTA


63,953,622 16,369,805 11,084,633 27,454,438
45,324,784 18,628,839 8,825,600 27,454,438
24,125,166 21,199,618 6,254,820 27,454,438
0 24,125,166 3,329,273 27,454,438

TASA DE INTERES (%) 13.8


PRESTAMO 86,953,908

SALDO INSOLUTO AMORTIZACION INTERESES CUOTA


69,232,820 17,721,088 11,999,639 29,720,727
49,066,221 20,166,598 9,554,129 29,720,727
26,116,632 22,949,589 6,771,139 29,720,727
0 26,116,632 3,604,095 29,720,727

TASA DE INTERES (%) 13.26


PRESTAMO 119,270,642

rafica de Costos Vs Ingresos


SALDO INSOLUTO [MUS$]INTERESES
AMORTIZACION CUOTA
94,771,009 24,499,632 15,815,287 40,314,919
97 1,455.97
67,022,726 1,455.97
27,748,284 1,455.97
12,566,636 40,314,919 1,455.97
35,595,020 31,427,706 8,887,213 40,314,919
0 35,595,020 4,719,900 40,314,919

Costos, Intereses y Amortizacion Ingresos Impuesto a la renta Periodo


Costos, Intereses y Amortizacion
Ingresos
[MUS$]
[MUS$]
402,420,350 1,455,968,866 261441065.45758 1 402.42 1,455.97
402,420,350 1,455,968,866 261405077.45758 2 402.42 1,455.97
403,320,050 1,455,968,866 261216140.45758 3 403.32 1,455.97
402,420,350 1,455,968,866 261405077.45758 4 402.42 1,455.97
363,005,131 1,455,968,866 271294870.32179 5 363.01 1,455.97
362,105,431 1,455,968,866 270464781.41046 6 362.11 1,455.97

3 4 5 6
es y Amortizacion [MUS$] Ingresos [MUS$] Impuesto a la renta [MUS$]
TASA DE INTERES (%) 13.26
PRESTAMO 150,623,665

SALDO INSOLUTO AMORTIZACION INTERESES CUOTA


119,683,743 30,939,923 19,972,698 50,912,621
84,641,186 35,042,556 15,870,064 50,912,621
44,951,987 39,689,199 11,223,421 50,912,621
0 44,951,987 5,960,633 50,912,621

TASA DE INTERES (%) 13.26


PRESTAMO 211,504,462

SALDO INSOLUTO AMORTIZACION INTERESES CUOTA


168,058,888 43,445,575 28,045,492 71,491,066
118,852,430 49,206,458 22,284,609 71,491,066
63,121,196 55,731,234 15,759,832 71,491,066
0 63,121,196 8,369,871 71,491,066

TASA DE INTERES (%) 13.26


PRESTAMO 270,895,330

SALDO INSOLUTO AMORTIZACION INTERESES CUOTA


215,250,153 55,645,177 35,920,721 91,565,898
152,226,425 63,023,728 28,542,170 91,565,898
80,845,751 71,380,674 20,185,224 91,565,898
0 80,845,751 10,720,147 91,565,898
Impuesto a la renta [MUS$]
261.44
261.41
261.22
261.41
271.29
270.46
FLUJO DE CAJA DEL PROYECTO SULFATO DE COBRE PENT
VENTA A EMPRESAS MINERAS. ESCENARIO REAL

PARAMETROS
PRECIO COBRE ( US$ /Lb. ) 2.96
PORCENTAJE INGRESO (%) 75
DÓLAR 649

ALTERNATIVA Nº1
ALTURA PILA = 1,5 m.
TONELAJE = 300 TON
ITEMS \ PERIODOS 0 1 2 3
INGRESOS 118,351,636 118,351,636 118,351,636
COSTOS OPERACIONALES 108,111,083 108,111,083 108,111,083
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 3,056,294 2,465,177 1,771,206
AMORTIZACION DE DEUDA 3,397,223 3,988,339 4,682,311
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 1,614,862 1,614,862 1,614,862
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 853,249 757,281 253,449
IMPUESTO A LA RENTA ( 25% ) 213,312 189,320 63,362
UTILIDAD NETA 639,937 567,961 190,087
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 1,614,862 1,614,862 1,614,862
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 17,564,905
GASTOS PUESTA EN MARCHA ( 10% ) 1,756,491
CAPITAL DE TRABAJO 9,009,257
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -28,330,653 3,573,725 3,597,717 3,123,875
PayBack -28,330,653 -24,756,928 -21,159,211 -18,035,337

VAN ( 16% ) -$ 6,947,661


TIR 8.6%
TONELAJE = 350 TON
ITEMS \ PERIODOS 0 1 2 3
INGRESOS 138,076,908 138,076,908 138,076,908
COSTOS OPERACIONALES 119,020,544 119,020,544 119,020,544
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 3,241,118 2,614,254 1,878,316
AMORTIZACION DE DEUDA 3,602,664 4,229,528 4,965,466
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 1,767,164 1,767,164 1,767,164
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 9,126,492 9,030,524 8,526,692
IMPUESTO A LA RENTA ( 16% ) 1,460,239 1,444,884 1,364,271
UTILIDAD NETA 7,666,254 7,585,641 7,162,422
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 1,767,164 1,767,164 1,767,164
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 18,627,114
GASTOS PUESTA EN MARCHA ( 10% ) 1,862,711
CAPITAL DE TRABAJO 9,918,379
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -30,408,205 10,752,343 10,767,698 10,248,511
PayBack -30,408,205 -19,655,862 -8,888,164 1,360,347

VAN ( 16% ) $ 18,830,819


33.9%

TONELAJE = 400 TON


ITEMS \ PERIODOS 0 1 2 3
INGRESOS 157,802,181 157,802,181 157,802,181
COSTOS OPERACIONALES 129,920,018 129,920,018 129,920,018
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 3,420,988 2,759,336 1,982,556
AMORTIZACION DE DEUDA 3,802,599 4,464,252 5,241,031
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 1,918,913 1,918,913 1,918,913
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 17,420,736 17,324,768 16,820,936
IMPUESTO A LA RENTA ( 16% ) 4,355,184 4,331,192 4,205,234
UTILIDAD NETA 13,065,552 12,993,576 12,615,702
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 1,918,913 1,918,913 1,918,913
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 19,660,853
GASTOS PUESTA EN MARCHA ( 10% ) 1,966,085
CAPITAL DE TRABAJO 10,826,668
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -32,453,606 16,303,391 16,327,383 15,853,541
PayBack -32,453,606 -16,150,215 177,168 16,030,710

VAN ( 16% ) $ 37,883,652


49.3%

TONELAJE = 450 TON


ITEMS \ PERIODOS 0 1 2 3
INGRESOS 177,527,454 177,527,454 177,527,454
COSTOS OPERACIONALES 140,838,001 140,838,001 140,838,001
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 3,603,451 2,906,509 2,088,299
AMORTIZACION DE DEUDA 4,005,416 4,702,358 5,520,568
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 2,071,117 2,071,117 2,071,117
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 25,690,542 25,594,574 25,090,742
IMPUESTO A LA RENTA ( 16% ) 4,110,487 4,095,132 4,014,519
UTILIDAD NETA 21,580,055 21,499,442 21,076,223
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 2,071,117 2,071,117 2,071,117
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 20,709,489
GASTOS PUESTA EN MARCHA ( 10% ) 2,070,949
CAPITAL DE TRABAJO 11,736,500
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -34,516,938 24,970,099 24,985,453 24,466,267

VAN ( 16% ) $ 69,310,005


72.0%

TONELAJE = 500 TON


ITEMS \ PERIODOS 0 1 2 3
INGRESOS 197,252,726 197,252,726 197,252,726
COSTOS OPERACIONALES 151,737,897 151,737,897 151,737,897
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 3,785,428 3,053,289 2,193,759
AMORTIZACION DE DEUDA 4,207,692 4,939,830 5,799,361
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 2,223,054 2,223,054 2,223,054
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 33,979,730 33,883,762 33,379,930
IMPUESTO A LA RENTA ( 16% ) 5,436,757 5,421,402 5,340,789
UTILIDAD NETA 28,542,973 28,462,360 28,039,141
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 2,223,054 2,223,054 2,223,054
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 21,755,332
GASTOS PUESTA EN MARCHA ( 10% ) 2,175,533
CAPITAL DE TRABAJO 12,644,825
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -36,575,690 32,084,953 32,100,307 31,581,121

VAN ( 16% ) $ 94,568,592


87.6%

TONELAJE = 750 TON


ITEMS \ PERIODOS 0 1 2 3
INGRESOS 295,879,089 295,879,089 295,879,089
COSTOS OPERACIONALES 206,254,585 206,254,585 206,254,585
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 4,601,651 3,711,647 2,666,783
AMORTIZACION DE DEUDA 5,114,965 6,004,969 7,049,833
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 2,974,876 2,974,876 2,974,876
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 75,614,086 75,518,118 75,014,286
IMPUESTO A LA RENTA ( 25% ) 18,903,522 18,879,530 18,753,572
1 56,710,565 56,638,589 56,260,715
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 2,974,876 2,974,876 2,974,876
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 26,446,271
GASTOS PUESTA EN MARCHA ( 10% ) 2,644,627
CAPITAL DE TRABAJO 17,187,882
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -46,278,781 61,004,367 61,028,359 60,554,517
PAYBACK -46,278,781 14,725,587 75,753,946 136,308,463

VAN ( 16% ) $ 195,813,433


TIR 131.8%

TONELAJE = 1000 TON


ITEMS \ PERIODOS 0 1 2 3
INGRESOS 394,505,453 394,505,453 394,505,453
COSTOS OPERACIONALES 264,409,187 264,409,187 264,409,187
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 4,425,277 3,523,411 2,497,089
AMORTIZACION DE DEUDA 6,535,256 7,437,122 8,463,445
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,786,123 3,786,123 3,786,123
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 114,030,683 113,934,715 113,430,883
IMPUESTO A LA RENTA ( 16% ) 18,244,909 18,229,554 18,148,941
UTILIDAD NETA 95,785,774 95,705,160 95,281,942
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 3,786,123 3,786,123 3,786,123
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 32,067,223
GASTOS PUESTA EN MARCHA ( 10% ) 3,206,722
CAPITAL DE TRABAJO 22,034,099
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -57,308,044 100,890,823 100,906,178 100,386,991

VAN ( 16% ) $ 337,698,123


176.1%

TONELAJE = 1500 TON


ITEMS \ PERIODOS 0 1 2 3
INGRESOS 591,758,179 591,758,179 591,758,179
COSTOS OPERACIONALES 373,449,874 373,449,874 373,449,874
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 5,838,174 4,648,362 3,294,356
AMORTIZACION DE DEUDA 8,621,826 9,811,638 11,165,644
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 5,302,708 5,302,708 5,302,708
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 197,226,672 197,130,704 196,626,872
IMPUESTO A LA RENTA ( 16% ) 31,556,267 31,540,913 31,460,299
UTILIDAD NETA 165,670,404 165,589,791 165,166,572
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 5,302,708 5,302,708 5,302,708
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 42,305,610
GASTOS PUESTA EN MARCHA ( 10% ) 4,230,561
CAPITAL DE TRABAJO 31,120,823
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -77,656,994 172,292,038 172,307,393 171,788,206

VAN ( 16% ) $ 591,211,552


221.9%

TONELAJE = 2000 TON


ITEMS \ PERIODOS 0 1 2 3
INGRESOS 789,010,905 789,010,905 789,010,905
COSTOS OPERACIONALES 482,490,567 482,490,567 482,490,567
COSTOS MOTOBOMBAS (2) 599,800
INTERES PRESTAMO (GASTOS FINANCIEROS) 7,251,104 5,773,339 4,091,642
AMORTIZACION DE DEUDA 10,708,443 12,186,209 13,867,905
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 6,819,296 6,819,296 6,819,296
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
UTILIDAD ANTES IMPUESTOS 280,422,568 280,326,600 279,822,768
IMPUESTO A LA RENTA ( 16% ) 44,867,611 44,852,256 44,771,643
UTILIDAD NETA 235,554,957 235,474,344 235,051,125
DEPRECIACION MOTOBOMBAS 299,900 299,900 299,900
DEPRECIACION CHANCADOR 1,019,026 1,019,026 1,019,026
AMORTIZACION ACTIVOS INTANGIBLES (15%) 6,819,296 6,819,296 6,819,296
VALOR DE DESECHO MOTOBOMBAS 95,968
VALOR DE DESECHO CHANCADOR
INVERSION INICIAL 52,544,234
GASTOS PUESTA EN MARCHA ( 10% ) 5,254,423
CAPITAL DE TRABAJO 40,207,547
RECUPERACION DE CAPITAL DE TRABAJO
VALOR DE DESECHO DEL PROYECTO
FLUJO DE CAJA ( $ ) -98,006,205 243,693,179 243,708,534 243,189,347

VAN ( 16% ) $ 844,724,505


248.7%
YECTO SULFATO DE COBRE PENTAHIDRATADO CUADRO AMORTIZACION PRESTAMO (DEUDA)
SAS MINERAS. ESCENARIO REALISTA

TASA DE INTERES (%) 17.4


PRESTAMO 17,564,905

4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION


118,351,636 118,351,636 118,351,636 1 14,167,683 3,397,223
108,111,083 108,111,083 108,111,083 2 10,179,343 3,988,339
599,800 3 5,497,033 4,682,311
956,484 4 0 5,497,033
5,497,033
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
1,614,862 1,614,862 1,614,862
95,968 95,968
4,076,104
757,281 6,706,965 3,134,693
189,320 1,676,741 783,673
567,961 5,030,224 2,351,020
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
1,614,862 1,614,862 1,614,862
95,968 95,968
4,076,104

9,009,257
655,711
3,597,717 7,964,012 19,121,848
-14,437,620 -6,473,608 12,648,240

TASA DE INTERES (%) 17.4


PRESTAMO 18,627,114

4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION


138,076,908 138,076,908 138,076,908 1 15,024,450 3,602,664
119,020,544 119,020,544 119,020,544 2 10,794,922 4,229,528
599,800 3 5,829,457 4,965,466
1,014,325 4 0 5,829,457
5,829,457
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
1,767,164 1,767,164 1,767,164
95,968 95,968
4,076,104
9,030,524 15,370,475 11,798,203
1,444,884 2,459,276 1,887,712
7,585,641 12,911,199 9,910,490
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
1,767,164 1,767,164 1,767,164
95,968 95,968
4,076,104

9,918,379
1,756,006
10,767,698 15,997,288 28,843,036
12,128,045 28,125,334 56,968,370

TASA DE INTERES (%) 17.4


PRESTAMO 19,660,853

4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION


157,802,181 157,802,181 157,802,181 1 15,858,253 3,802,599
129,920,018 129,920,018 129,920,018 2 11,394,002 4,464,252
599,800 3 6,152,971 5,241,031
1,070,617 4 0 6,152,971
6,152,971
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
1,918,913 1,918,913 1,918,913
95,968 95,968
4,076,104
17,324,768 24,044,524 20,472,252
4,331,192 6,011,131 5,118,063
12,993,576 18,033,393 15,354,189
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
1,918,913 1,918,913 1,918,913
95,968 95,968
4,076,104

10,826,668
2,582,488
16,327,383 21,271,232 36,173,256
32,358,093 53,629,325 89,802,581

TASA DE INTERES (%) 17.4


PRESTAMO 20,709,489

4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION


177,527,454 177,527,454 177,527,454 1 16,704,074 4,005,416
140,838,001 140,838,001 140,838,001 2 12,001,716 4,702,358
599,800 3 6,481,147 5,520,568
1,127,720 4 0 6,481,147
6,481,147
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
2,071,117 2,071,117 2,071,117
95,968 95,968
4,076,104
25,594,574 32,699,609 29,127,337
4,095,132 5,231,937 4,660,374
21,499,442 27,467,671 24,466,963
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
2,071,117 2,071,117 2,071,117
95,968 95,968
4,076,104

11,736,500
3,907,950
24,985,453 30,857,715 47,673,528

TASA DE INTERES (%) 17.4


PRESTAMO 21,755,332
4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION
197,252,726 197,252,726 197,252,726 1 17,547,640 4,207,692
151,737,897 151,737,897 151,737,897 2 12,607,810 4,939,830
599,800 3 6,808,449 5,799,361
1,184,670 4 0 6,808,449
6,808,449
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
2,223,054 2,223,054 2,223,054
95,968 95,968
4,076,104
33,883,762 41,373,049 37,800,778
5,421,402 6,619,688 6,048,124
28,462,360 34,753,361 31,752,653
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
2,223,054 2,223,054 2,223,054
95,968 95,968
4,076,104

12,644,825
4,984,861
32,100,307 38,295,341 57,096,390

TASA DE INTERES (%) 17.4


PRESTAMO 26,446,271

4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION


295,879,089 295,879,089 295,879,089 1 21,331,306 5,114,965
206,254,585 206,254,585 206,254,585 2 15,326,338 6,004,969
599,800 3 8,276,504 7,049,833
1,440,112 4 0 8,276,504
8,276,504
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026 Periodo Costos, Intereses y Amortizacion Ingresos
2,974,876 2,974,876 2,974,876 1 215,971,201 295,879,089
95,968 95,968 2 215,971,201 295,879,089
4,076,104 3 216,571,001 295,879,089
75,518,118 84,730,903 81,158,631 4 215,971,201 295,879,089
18,879,530 21,182,726 20,289,658 5 206,854,385 295,879,089
56,638,589 63,548,177 60,868,973 6 206,254,585 295,879,089
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026 18903521.611 Gra
2,974,876 2,974,876 2,974,876
350.00
295.88 295.88 295.8
300.00

250.00

200.00
Gra

95,968 95,968 350.00


4,076,104 295.88 295.88 295.8
300.00

250.00
17,187,882
200.00
9,343,727
61,028,359 67,841,979 95,866,457 150.00
197,336,822 265,178,801 361,045,258
100.00

50.00
TASA DE INTERES (%) 13.8
0.00PRESTAMO 32,067,223
1 2 3

4 5 6 PERIODO SALDO INSOLUTO Costos, Intereses y Amortizacion [MUS


AMORTIZACION
394,505,453 394,505,453 394,505,453 1 25,531,967 6,535,256
264,409,187 264,409,187 264,409,187 2 18,094,845 7,437,122
599,800 3 9,631,400 8,463,445
1,329,133 4 0 9,631,400
9,631,400
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
3,786,123 3,786,123 3,786,123
95,968 95,968
4,076,104
113,934,715 124,391,416 120,819,144
18,229,554 19,902,627 19,331,063
95,705,160 104,488,789 101,488,081
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
3,786,123 3,786,123 3,786,123
95,968 95,968
4,076,104

22,034,099
15,380,520
100,906,178 109,593,839 148,179,821

TASA DE INTERES (%) 13.8


PRESTAMO 42,305,610

4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION


591,758,179 591,758,179 591,758,179 1 33,683,784 8,621,826
373,449,874 373,449,874 373,449,874 2 23,872,146 9,811,638
599,800 3 12,706,503 11,165,644
1,753,497 4 0 12,706,503
12,706,503
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
5,302,708 5,302,708 5,302,708
95,968 95,968
4,076,104
197,130,704 211,086,872 207,514,600
31,540,913 33,773,899 33,202,336
165,589,791 177,312,972 174,312,264
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
5,302,708 5,302,708 5,302,708
95,968 95,968
4,076,104

31,120,823
26,178,889
172,307,393 183,934,606 242,405,681

TASA DE INTERES (%) 13.8


PRESTAMO 52,544,234

4 5 6 PERIODO SALDO INSOLUTO AMORTIZACION


789,010,905 789,010,905 789,010,905 1 41,835,790 10,708,443
482,490,567 482,490,567 482,490,567 2 29,649,582 12,186,209
599,800 3 15,781,676 13,867,905
2,177,871 4 0 15,781,676
15,781,676
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
6,819,296 6,819,296 6,819,296
95,968 95,968
4,076,104
280,326,600 297,782,316 294,210,044
44,852,256 47,645,171 47,073,607
235,474,344 250,137,146 247,136,437
299,900 299,900 299,900
1,019,026 1,019,026 1,019,026
6,819,296 6,819,296 6,819,296
95,968 95,968
4,076,104
40,207,547
36,977,249
243,708,534 258,275,367 336,631,527
N PRESTAMO (DEUDA)

INTERESES CUOTA
3,056,294 6,453,516
2,465,177 6,453,516
1,771,206 6,453,516
956,484 6,453,516
INTERESES CUOTA
3,241,118 6,843,782
2,614,254 6,843,782
1,878,316 6,843,782
1,014,325 6,843,782

INTERESES CUOTA
3,420,988 7,223,588
2,759,336 7,223,588
1,982,556 7,223,588
1,070,617 7,223,588
INTERESES CUOTA
3,603,451 7,608,867
2,906,509 7,608,867
2,088,299 7,608,867
1,127,720 7,608,867
INTERESES CUOTA
3,785,428 7,993,120
3,053,289 7,993,120
2,193,759 7,993,120
1,184,670 7,993,120

INTERESES CUOTA
4,601,651 9,716,616
3,711,647 9,716,616
2,666,783 9,716,616
1,440,112 9,716,616

Impuesto a la renta Periodo Costos, Intereses y Amortizacion [MUS$]


Ingresos [MUS$]
18903521.61115 1 215.97 295.88
18879529.61115 2 215.97 295.88
18753571.61115 3 216.57 295.88
18879529.61115 4 215.97 295.88
21182725.63878 5 206.85 295.88
20289657.72745 6 206.25 295.88

Grafica
18879529.61115 de Costos
18753572 Vs Ingresos [MUS$]
18879529.6111548 21182725.6387814 20289657.73

295.88 295.88 295.88 295.88 295.88


Grafica de Costos Vs Ingresos [MUS$]

295.88 295.88 295.88 295.88 295.88

2 3 4 5 6
Intereses y Amortizacion [MUS$]
INTERESES Ingresos [MUS$]
CUOTA Impuesto a la renta [MUS$]
4,425,277 10,960,533
3,523,411 10,960,533
2,497,089 10,960,533
1,329,133 10,960,533

INTERESES CUOTA
5,838,174 14,460,000
4,648,362 14,460,000
3,294,356 14,460,000
1,753,497 14,460,000

INTERESES CUOTA
7,251,104 17,959,548
5,773,339 17,959,548
4,091,642 17,959,548
2,177,871 17,959,548
Impuesto a la renta [MUS$]
18.90
18.88
18.75
18.88
21.18
20.29
Periodo 0 1 2 3
PAYBACK 2017 -161,373,159 630,734,291 1,422,877,729 2,214,310,404
PAYBACK 2005 -80,642,088 931,728,669 1,944,121,360 2,955,772,404
FLUJO DE CAJA ( $ ) 2017 -161,373,159 792,107,450 792,143,438 791,432,675
FLUJO DE CAJA ( $ ) 2005 -80,642,088 1,012,370,757 1,012,392,691 1,011,651,045

FLUJO DE CAJA ( $ ) -80642087.7 1012370756.6 1012392690.7 1011651044.6

Comparación Payback 2
Periodos
7,000,000,000

6,000,000,000

5,000,000,000

4,000,000,000

3,000,000,000

2,000,000,000

1,000,000,000
0 1 2 3 4 5
0

-1,000,000,000
4 5 6
3,006,453,842 3,828,122,706 4,801,381,688
3,968,165,095 4,996,571,059 6,194,250,726
792,143,438 821,668,864 973,258,982
1,012,392,691 1,028,405,964 1,197,679,666

1012392690.7 1028405964.4 1197679666.5

Comparación Payback 2005 - 2017


Periodos
1,400,000,000

1,200,000,000

1,000,000,000
FLUJO DE CAJA ( $ ) 2017
800,000,000 FLUJO DE CAJA ( $ ) 2005
PAYBACK 2017
Axis Title

600,000,000 PAYBACK 2005

400,000,000

200,000,000

0
3 4 5 6
-200,000,000

-400,000,000
Periodos 0 1 2 3 4
PAYBACK 2017 -46,278,781 14,725,587 Comparación
75,753,946 136,308,463 PayBack Sulfato de
197,336,822
PAYBACK 2005 -20,762,270 31,572,501 83,921,895 135,776,857 188,126,251
Periodos
FLUJO DE CAJA ( $ ) 2017 -46,278,781 61,004,367 61,028,359 60,554,517 61,028,359
400,000,000
FLUJO DE CAJA ( $ ) 2005 -20,762,270 52,334,771 52,349,393 51,854,963 52,349,393
350,000,000

300,000,000

250,000,000

200,000,000

150,000,000

100,000,000

50,000,000 0 1 2 3 4

-50,000,000

-100,000,000
5 6
ación PayBack Sulfato
265,178,801 de Cu 2005 - 2017
361,045,258
244,154,239 314,931,882
Periodos
67,841,979 95,866,457
120,000,000
56,027,988 70,777,643
100,000,000

80,000,000

60,000,000

Axis Title
40,000,000

20,000,000

0
2 3 4 5 6
-20,000,000

-40,000,000

-60,000,000
TONELADAS PRODUCCIÓN DE SULFATO DE COBRE PENTAHIDRATADO
MES CALIDAD TECNICA.

 ton. 
  R.O.M. 3” 1 ½”
 mes 
300 10,8 11,3 12,1
350 12,6 13,2 14,2
400 14,4 15,1 16,2
450 16,2 17,0 18,2
500 18,0 18,9 20,2
750 27,0 28,3 30,3
1 35,9 37,7 40,4
1.5 53,9 56,6 60,6
2 71,9 75,5 80,9
Producción 2005 2017
Sulfato de Cobre
Cemento de Cobre

750 30.322265625 40.095

Producción Pila 750 Toneladas


Año Sulfato de Cobre Cemento de Cobre
2005 30.32 40.10
2017

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