Operations

Operational Highlights

  Years ended December 31,
  2023 2022 2021  2020
Fresh Tailings From El Teniente
Tonnes processed 42,993,193 49,154,490 48,018,661 43,662,625
Copper grade 0.172% 0.161% 0.15% 0.13%
Copper recovery 22.0% 21.7% 20.7% 19.9%
Copper produced (M lb) 35.83 37.73 32.28 25.60
         
Historic Tailings From El Teniente
Tonnes processed 12,341,596 14,464,319 18,073,067 15,488,590
Copper grade 0.248% 0.253% 0.238% 0.251%
Copper recovery 32.3% 32.7% 32.8% 34.2%
Copper produced (M lb) 21.81 26.27 31.09 29.31
         
Toll Processing (1)
Copper produced (M lb) - - - 1.23
         
Total copper produced (M lb) 57.64 64.00 63.38 56.18
MVC’s copper price (US$/lb) 3.86 4.01 4.25 2.94
Cash cost (US$/lb)2 2.17 1.98 1.75 1.76
  1. In 2020, MVC had an agreement to toll process DET smelter slag.
  2. Cash cost is a performance measure equal to the aggregate of smelting and refining charges, tolling costs net of inventory adjustments and administration costs, net of by-product credits.