Operational Highlights
| Years ended December 31, | |||||
| 2020 | 2019 | 2018 | 2017 | ||
| Fresh Tailings From El Teniente | |||||
| Tonnes processed | 43,662,625 | 42,309,069 | 43,403,906 | 43,718,322 | |
| Copper grade | 0.13% | 0.11% | 0.12% | 0.12% | |
| Copper recovery | 19.9% | 18.6% | 18.9% | 19.2% | |
| Copper produced (M lb) | 25.60 | 19.27 | 21.3 | 21.8 | |
| Historic Tailings From El Teniente | |||||
| Tonnes processed | 15,488,590 | 20,685,058 | 22,279,089 | 22,658,605 | |
| Copper grade | 0.251% | 0.254% | 0.249% | 0.249% | |
| Copper recovery | 34.2% | 33.6% | 35.7% | 31.6% | |
| Copper produced (M lb) | 29.31 | 38.89 | 43.7 | 39.3 | |
| Toll Processing (1) | |||||
| Copper produced (M lb) | 1.23 | 11.59 | 0 | 1.5 | |
| Total copper produced (M lb) | 56.18 | 69.75 | 65.0 | 62.5 | |
| MVC’s copper price (US$/lb) | 2.94 | 2.73 | 2.92 | 2.83 | |
| Cash cost (US$/lb)2 | 1.76 | 1.82 | 1.56 | 1.64 | |
Notes:
1 In 2019 and 2020, MVC had an agreement to toll process DET smelter slag. In 2017 MVC had a tolling agreement with Compañia Minera Maricunga to process 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.