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Operational Highlights

  Years ended December 31,
  2016 2015 2014 2013
Fresh Tailings From El Teniente
Tonnes processed 42,031,933 44,472,506 44,951,132 44,484,008
Copper grade 0.12% 0.12% 0.11% 0.13%
Copper recovery 19.60% 21.00% 21.40% 20.00%
Copper produced (M lb) 21.09 23.79 24.17 25.89
         
Historic Tailings From El Teniente
Tonnes processed 20,639,169 11,629,680 12,928,382 11,256,926
Copper grade 0.232% 0.224% 0.227% 0.270%
Copper recovery 31.1% 18.8% 22.8% 27.3%
Copper produced (M lb) 32.75 10.78 14.74 18.3
         
Toll Processing From Maricunga (1)
Copper produced (M lb) 2.99 2.77 2.13 1.48
         
Total copper produced (M lb) 56.83 37.34 41.04 45.67
Copper selling price (US$/lb) 2.25 2.47 3.14 3.32
Cash cost (US$/lb)2 1.73 2.18 2.08 2.08

Notes:
1 MVC has a tolling agreement with Compania Mineral Maricunga for the processing of copper concentrates.
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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