49
MANAGEMENT’S DISCUSSION AND ANALYSIS
DRIVING GROWTH FROM WITHIN
Caylloma Mine Cash Cost
Expressed in $‘000’s
YTD
YTD
Q4 2014
Q4 2014
Q4 2013
Q4 2013
Cost of sales
1
13,110
51,131
12,924
53,672
Add / (Subtract):
Change in concentrate inventory
(131)
105
100
(577)
Depletion and depreciation in
concentrate inventory
28
(21)
(19)
77
Government royalties and mining taxes
(227)
(901)
(218)
(749)
Workers participation
(63)
(735)
(272)
(997)
Depletion and depreciation
(1,994)
(7,482)
(2,007)
(9,594)
Cash cost (A)
10,723
42,097
10,508
41,832
Total processed ore (tonnes) (B)
117,060
464,823
116,127
458,560
Cash cost per tonne of processed ore
($/t) (A/B)
91.60
90.57
90.49
91.22
Cash cost (A)
10,723
42,097
10,508
41,832
Add / (Subtract):
By-product credits from gold, lead, and zinc
(7,565)
(30,954)
(7,164)
(30,330)
Refining charges
828
3,551
928
3,787
Cash cost applicable per payable ounce (C)
3,986
14,694
4,272
15,289
Payable ounces of silver production (D)
517,728
2,092,413
515,334
1,998,858
Cash cost per ounce of payable silver
($/oz) (C/D)
7.70
7.02
8.29
7.65
Mining cost per tonne
44.16
43.58
40.10
39.38
Milling cost per tonne
15.41
15.32
15.31
15.02
Indirect cost per tonne
22.61
22.67
24.95
23.55
Community relations cost per tonne
0.94
0.65
2.00
4.56
Distribution cost per tonne
8.48
8.35
8.13
8.71
Total production cost per tonne
91.60
90.57
90.49
91.22
1
Includes depletion, depreciation, distribution, community relations, government royalties and mining taxes, and workers participation
