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Operational Highlights

  Years ended December 31,
  2022 2021  2020 2019
Fresh Tailings From El Teniente
Tonnes processed 49,154,490 48,018,661 43,662,625 42,309,069
Copper grade 0.161% 0.15% 0.13% 0.11%
Copper recovery 21.7% 20.7% 19.9% 18.6%
Copper produced (M lb) 37.73 32.28 25.60 19.27
         
Historic Tailings From El Teniente
Tonnes processed 14,464,319 18,073,067 15,488,590 20,685,058
Copper grade 0.253% 0.238% 0.251% 0.254%
Copper recovery 32.7% 32.8% 34.2% 33.6%
Copper produced (M lb) 26.27 31.09 29.31 38.89
       
Toll Processing (1)
Copper produced (M lb) - - 1.23 11.59
       
Total copper produced (M lb) 64.00 63.38 56.18 69.75
MVC’s copper price (US$/lb) 4.01 4.25 2.94 2.73
Cash cost (US$/lb)2 1.98 1.75 1.76 1.82

Notes:
1 In 2019 and 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.

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