MINERA YANAQUIHUA S.A.

C
U.E.A. ALPACAY

Ao
NIVEL DE PRODUCCIN: 100 TPD
Precio del Oro (US$/ oz)

10

700

700

700

700

700

700

700

700

700

Mineral tratado x Da (t)

400

400

400

400

400

400

400

400

400

700
400

Mineral tratado x Ao (t)

132,000

132,000

132,000

132,000

132,000

132,000

132,000

132,000

132,000

132,000

Ley de Cabeza (Au oz/ t)

Ley de Cabeza (grms/ t)

0.3
9.33

0.3
9.33

0.3
9.33

0.3
9.33

0.3
9.33

0.3
9.33

0.3
9.33

0.3
9.33

0.3
9.33

0.3
9.33

Recuperacin metalrgica (%)

85%

85%

85%

85%

85%

85%

85%

85%

85%

85%

(1) VALOR DE MINERAL (US$/t)

179

179

179

179

179

179

179

179

179

179

(2) COSTOS DE PRODUCCIN (US$/t)

100

100

100

100

100

100

100

100

100

100

COSTO DE PRODUCCIN (US$/onza)

Inversiones (incluido IGV) US$
Desarrollo de Nuevas Reservas
Equipamiento Mina
Ampliacin Planta
Relavera
Ampliacin Campamentos
Carreteras
Exploracin
Cierre de Mina
TOTAL INVERSIONES (US$)

392
3,000,000
500,000
250,000
150,000
20,000
80,000
0
0
4,000,000

DEPRECIACIN y AMORTIZACIN
Saldo Inicial Activo fijo e intangibles
Inversin Adicional
Depreciacin (10%)
Saldo Final

3,000,000
4,000,000
-700,000
6,300,000

6,300,000
0
-700,000
5,600,000

5,600,000
0
-700,000
4,900,000

4,900,000
0
-700,000
4,200,000

4,200,000
0
-700,000
3,500,000

3,500,000
0
-700,000
2,800,000

2,800,000
0
-700,000
2,100,000

2,100,000
0
-700,000
1,400,000

1,400,000
0
-700,000
700,000

700,000
0
-700,000
0

MINERA YANAQUIHUA S.A.C.

U.E.A. ALPACAY

FLUJO DE CAJA PROYECTADO EN US$

AO

10

TOTAL INGRESOS

23,562,000

23,562,000 23,562,000 23,562,000 23,562,000 23,562,000 23,562,000 23,562,000 23,562,000

23,562,000

Costo de Mineral
Gastos Administrativos
Gastos Ventas
Regalas Cedimin
Impuestos y participaciones
TOTAL EGRESOS

13,200,000
120,000
589,050
0
3,402,121
17,311,171

13,200,000 13,200,000 13,200,000 13,200,000 13,200,000 13,200,000 13,200,000 13,200,000

120,000
120,000
120,000
120,000
120,000
120,000
120,000
120,000
589,050
589,050
589,050
589,050
589,050
589,050
589,050
589,050
0
0
0
0
0
0
0
0
3,402,121 3,402,121 3,402,121 3,402,121 3,402,121 3,402,121 3,402,121 3,402,121
17,311,171 17,311,171 17,311,171 17,311,171 17,311,171 17,311,171 17,311,171 17,311,171

13,200,000
120,000
589,050
0
3,402,121
17,311,171

FLUJO OPERATIVO

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

Inversiones
TOTAL INVERSIONES

4,000,000
4,000,000

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

FLUJO ECONMICO

2,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

6,250,829

AO
VENTAS
COSTO DE VENTAS
REGALAS CEDIMIN

1
23,562,000
13,200,000
0

2
3
4
5
6
7
8
9
23,562,000 23,562,000 23,562,000 23,562,000 23,562,000 23,562,000 23,562,000 23,562,000
13,200,000 13,200,000 13,200,000 13,200,000 13,200,000 13,200,000 13,200,000 13,200,000
0
0
0
0
0
0
0
0

10
23,562,000
13,200,000
0

ESTADO DE GANANCIAS Y PERDIDAS PROYECTADO EN US$

DEPRECIACION
UTILIDAD BRUTA

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

700,000
9,662,000

GASTOS ADMINISTRATIVOS
GASTOS VENTAS
GASTOS FINANCIEROS
UTILIDAD OPERATIVA

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

120,000
589,050
0
8,952,950

UTILIDAD IMPONIBLE

8,952,950

8,952,950

8,952,950

8,952,950

8,952,950

8,952,950

8,952,950

8,952,950

8,952,950

8,952,950

PARTICIPACIONES 8%
IMPUESTO A LA RENTA 30%

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

716,236
2,685,885

UTILIDAD NETA
UTILIDAD ACUMULADA

5,550,829
5,550,829

5,550,829 5,550,829 5,550,829 5,550,829 5,550,829 5,550,829 5,550,829 5,550,829

11,101,658 16,652,487 22,203,316 27,754,145 33,304,974 38,855,803 44,406,632 49,957,461

5,550,829
55,508,290

Desarrollo de Nuevas
Reservas, exploraciones y otros.

VALOR EMPRESA

FCD @ 8% EBITDA x 5
41,943,571 48,264,750

DEUDA - CEDIMIN

-1,450,000

VALOR PATRIMONIAL

40,493,571 46,814,750

-1,450,000