Production Guidance
1 Metal reported in concentrate and doré is prior to refining losses or deductions associated
with smelter terms.
1 Metal reported in concentrate and doré is prior to smelting and refining losses or deductions associated with smelter terms.
2 Manitoba production guidance assumes the 777 mine is depleted at the end of the second quarter of 2022, resulting in lower copper and zinc production after its closure.
Capital Expenditure Guidance
Note: Excludes capitalized costs not considered to be sustaining or growth capital expenditures.
1 Sustaining capital guidance excludes right-of-use lease additions and additions as a result
of equipment financing arrangements.
2 Includes capitalized stripping costs.
3 Partially funded by approximately $3 million in Canadian Development Expense flow-through
financing proceeds.
4 Capital expenditures are converted into U.S. dollars using an exchange rate of 1.35
C$/US$.
5 Capital expenditure guidance reflects revised guidance issued with third quarter results,
including lower anticipated capital spend in Manitoba and Peru, and new British Columbia guidance.
Exploration Guidance
1 2023 exploration guidance excludes $5 million of non-cash amortization of community
agreements for exploration properties.
2 Partially funded by approximately $11 million in Canadian Exploration Expense flow-through
financing proceeds.
Cash Cost Guidance
1 Cash cost and sustaining cash cost per pound of copper produced, net of by-product credits,
and cash cost per ounce of gold produced, net of by-product credits, are non-IFRS financial performance
measures with no standardized definition under IFRS. For further information, please see the “Non-IFRS
Financial Performance Measures” section of this news release.
2 Peru and British Columbia cash cost per pound of copper contained in concentrate assumes
by-product credits are calculated using the gold and silver deferred revenue drawdown rates in effect on
December 31, 2023 for the streamed ounces in Peru and the following commodity prices: $1,900 per ounce gold,
$23.00 per ounce silver, $18.00 per pound molybdenum, $1.15 per pound zinc and an exchange rate of 1.35
C$/US$.
3 Manitoba cash cost per ounce of gold produced, net of by-product credits, contained in
concentrate and doré assumes by-product credits are calculated using the following commodity prices: $1.15
per pound zinc, $23.00 per ounce silver, $3.75 per pound copper and an exchange rate of 1.35 C$/US$.