Production Guidance
1 Metal reported in concentrate and doré is prior to refining losses or deductions associated with smelter terms.
3-Year Production Outlook
1 Metal reported in concentrate and doré is prior to smelting and refining losses or deductions associated with smelter terms.
Capital Expenditure Guidance
1 Excludes capitalized costs not considered to be sustaining or growth capital expenditures.
2 2023 capital expenditure guidance excludes right-of-use lease additions.
3 Includes capitalized stripping costs.
4 2023 capital expenditures are converted into U.S. dollars using an exchange rate of 1.35 Canadian dollars.
5 2022 guidance reflects revised Arizona spending guidance issued on June 8, 2022, which includes $5 million in additional growth expenditures and $15 million in additional capitalized exploration related to Copper World.
Exploration Guidance
1 2023 exploration guidance excludes $5 million of non-cash amortization of community agreements for exploration properties.
2 2022 guidance reflects an additional $15 million in capitalized exploration at Copper World announced on June 8, 2022.
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 Reporting Measures” section of this news release.
2 Peru cash cost per pound of copper and consolidated copper 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, 2022 for the streamed ounces in Peru and the following commodity prices: $1,800 per ounce gold, $21.00 per ounce silver, $25.00 per pound molybdenum, $1.40 per pound zinc and an exchange rate of 1.35 C$/US$.
3 Manitoba gold cash cost per ounce of gold contained in concentrate and doré assumes by-product credits are calculated using the following commodity prices: $1.40 per pound zinc, $21.00 per ounce silver, $3.75 per pound copper and an exchange rate of 1.35 C$/US$.