RE:RE:RE:RE:HAPPY DAYS ARE HERE AGAIN!Tiger
I got the 350k figure from Steve. I did not do the calculation myself.
Looking at your numbers it seems that you are using the 'payable' zinc. I think the TC is based on the amount of concentrate that is treated for the miner. This amount is reported under
Concentrate Produced DMT If you look at Q1 numbers for Santander we had
| Concentrate Produced DMT (dry metric tonne): | | |
| Zinc | 14,037 | |
| Lead | 2,120 | |
the payable portion is lower:
Payable Production:
Zinc lbs (pounds)
Lead lbs (pounds)
Silver Oz |
12,582,145
1,915,294
128,577 |
tiger6301 wrote: Hi frontier,
I believe there is an error in your calculation, here is the guidance:
Santander: 63 - 65 million pound = 28.6k - 29.5k tonnes;
Carobou: 90 - 93 million lb =40.8k - 42.2k tonnes;
Total: 69.4k - 71.7k tonnes
New Mine #1: 100 - 105 m-lb @ 80.08% = 36.3k - 38.1k tonnes;
New Mine #2: 165 - 170 m-lb @90% = 67.4k - 69.4k tonnes.
Aferican mines from Q2 to Q4, 3Q, total 77.8k - 80.6k
TC charge reduction US$100/tonnes;
So Total saving on TC is: (70k+80k) x 100 = 15 millions US$ = 20 millions CAN $
tiger
frontier2014 wrote: That is US dollars
40-50 million in CAD
frontier2014 wrote: Assuming that production is in the order of 350,000 tonnes. The new TCs will save TV around 30-35 million a year.
firecracker74 wrote:
Glencore has established TCs at 172 which is a thirteen year low and there are NO PRICE ESCALATORS. This results in gigantic savings for Trevali. The TCs are retroactive to January 1. First quarter results will show the old TCs, but that will get adjusted in quarter 2 and Trevali will receive a credit for quarter 1. It is now very likely that TV's AISC will come in well below .80 for 2017. I'm not sure if anyone has calculated the savings for 2017 based on all four mines, but it is going to be huge. https://www.metalbulletin.com/Article/3711755/Teck-Glencore-consolidate-zinc-concentrate-benchmark-TCs-at-13-year-low.html