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Operational Highlights

  Years ended December 31,
  2018 2017 2016 2015
Fresh Tailings From El Teniente
Tonnes processed 43,403,906 43,718,322 42,031,933 44,472,506
Copper grade 0.12% 0.12% 0.12% 0.12%
Copper recovery 18.9% 19.2% 19.6% 21.0%
Copper produced (M lb) 21.3 21.8 21.1 23.8
         
Historic Tailings From El Teniente
Tonnes processed 22,279,089 22,658,605 20,639,169 11,629,680
Copper grade 0.249% 0.249% 0.232% 0.224%
Copper recovery 35.7% 31.6% 31.1% 18.8%
Copper produced (M lb) 43.7 39.3 32.8 10.8
         
Toll Processing From Maricunga (1)
Copper produced (M lb) 0 1.5 3.0 2.8
         
Total copper produced (M lb) 62.0 62.5 56.8 37.3
MVC’s copper price (US$/lb) 2.92 2.83 2.25 2.47
Cash cost (US$/lb)2 1.56 1.64 1.73 2.18

Notes:
1MVC had a tolling agreement with Compania Minera Maricunga for the processing of copper concentrates that expired in 2017.
2 Cash cost is a non-GAAP measure equal to the aggregate of smelting and refining charges, tolling costs net of inventory adjustments and administration costs, net of by-product credits.

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