Budget

Mine Budget 2018

Site: Mine X

2018B $ 2017F $ 2017B $ 2016A $

P & L Row Description
2018B Per ST Source 2017F Per ST 2017B Per ST 2016A Per ST
Quantity Produced (DST)        110,056          98,639          98,639          42,780
Quantity Sold (DST)                 -                 -                 -

GR611 - Sales of Products                 -                 -                 -

GR6121 - Sales of Freight                 -                 -                 -
GR6122 - Sales of Services                 -                 -                 -
GR613 - Hedge impact on Sales                 -                 -                 -
GR-ST-610 - Sales of Production - - - -
GR614 - Sales of Merchandises                 -                 -                 -
GR615 - Sales - Correction                 -                 -                 -
Total Sales in COS - - - -

GR621 - Hedge impact on Purchases                 -                 -                 -

GR622 - Raw Materials - Total - - - -
             Raw Materials - Crude Ore Used                 -                 -                 -
             Raw Materials - Purchased Ore Used                 -                 -                 -
             Raw Materials - Finished Dry Goods Used                 -                 -                 -
             Raw Materials - Freight to Plant                 -                 -                 -
             Raw Materials - Freight to Slurry                 -                 -                 -
             Raw Materials - Other Inventory Change                 -                 -                 -
GR623 - Consumable                 -                 -                 -
GR624 - Mineral Reserves Depletion (307,650)     (2.76) (219,557) (219,993) (168,272) (3.93)
             Mineral Reserves Depletion - Depletion
             Mineral Reserves Depletion - Stripping Amor.
             Mineral Reserves Depletion - Taxes & Royalties      (307,650)     (2.76)      (219,557)     (2.23)      (219,993)     (2.23)      (168,272)     (3.93)
GR625 - Non Group Trading Purchase                 -                 -                 -
GR626 - IG Trading Purchase                 -                 -                 -
GR627 - Freight                 -                 -                 -         -                 -         -
             Freight - To Warehouse                 -                 -                 -
             Freight - Warehouse Expense                 -                 -                 -
             Freight - To Customer (Domestic)                 -                 -                 -
             Freight - To Customer (Export Prepaid)                 -                 -                 -
             Freight - To Customer (Export Delivered)                 -                 -                 -
             Freight - Railcar                 -                 -                 -
             Freight - Other                 -                 -                 -
GR628 - Chemicals Products                 -         -         (15,519)     (0.16)                 -         -       (109,340)      (2.56)
GR629 - Packaging & Conditioning products                 -                 -                 -         -                 -         -
             Packaging & Conditioning - Bags                 -                 -                 -
             Packaging & Conditioning - Pallets                 -                 -                 -
             Packaging & Conditioning - Packaging                 -                 -                 -
             Packaging & Conditioning - Other                 -                 -                 -
GR630 - Electricity         (20,000)     (0.18)         (19,394)     (0.20)         (18,000)     (0.18)         (15,298)      (0.36)
GR631 - Gas           (4,000)     (0.04)           (4,175)     (0.04)           (4,000)     (0.04)           (2,867)      (0.07)
             Gas - Propane           (4,000)     (0.04)           (4,175)     (0.04)           (4,000)     (0.04)           (2,867)     (0.07)
             Gas - Natural Gas                 -                 -                 -        -                 -         -
             Gas - Fuel & Oil                 -                 -                 -        -                 -         -
GR632 - Energy - Others                 -                 -                 -         -                 -         -
GR633 - Energy Hedge                 -                 -                 -
GR634 - Overburden and stripping costs                 -                 -                 -
GR-ST-640 - Other Variable (Detail IF >5%)   (2,999,566)   (16.53)   (1,575,276)   (15.97)   (1,617,058)   (16.39)   (1,000,039)   (23.38)
GR642 - Detail V1 (Variable outside services - Prod. Testing)                 -         -                 -        -                 -
GR643 - Detail V2 (Mining campaign)   (1,844,272)   (16.53)   (1,575,276)   (15.97)   (1,617,058)       (825,157)
GR644 - Detail V3 (Drill&Sample)      (385,479)     (3.50)                 -        -                 -       (174,882)
GR645 - Detail V4 (Waste Dumps Rehab)      (769,815)           (7)                 -                 -
GR-ST-620 - Total Variable Costs (3,023,566)   (27.47) (1,614,364)   (16.37) (1,639,058) (16.62) (1,295,816) (30.29)

GR651 - Staff expenses (incl Temp & Short Term Contracts)       (284,723)     (2.55)       (229,084)     (2.32)       (231,910)     (2.35)       (201,993)      (4.72)
             Staff Expenses - Salary                 -         -                 -        -                 -        -                 -         -
             Staff Expenses - Wages                 -         -                 -        -                 -        -         -
             Staff Expenses - OT                 -         -                 -        -                 -        -         -
             Staff Expenses - Benefits                 -         -                 -        -                 -        -         -
             Staff Expenses - Outside Labor                 -         -                 -        -                 -        -         -
             Staff Expenses - CICO      (284,723)     (2.55)      (229,649)     (2.33)      (231,910)     (2.35)      (201,993)     (4.72)
GR652 - Cleaning, Maintenance & Repair           (3,600)     (0.03)           (3,767)     (0.04)           (3,600)     (0.04)           (2,586)      (0.06)
GR653 - Taxes & Duties           (5,006)     (0.04)           (4,858)     (0.05)           (4,856)     (0.05)           (4,760)      (0.11)
GR654 - Rents & Leases                 -         -                 -        -                 -         -                 -         -
GR655 - Depreciation         -         (56,152)      (1.31)
GR656 - Provisions                 -         -                 -        -                 -       (183,898) -4.30
GR657 - Other external services       (100,136)     (0.90)         (61,536)     (0.62)         (25,261)     (0.26)         (71,341)      (1.67)
             Other External - Insurance & Bonding              (500)     (0.00)              (249)     (0.00)           (8,061)     (0.08)           (5,655)     (0.13)
             Other External - Drilling                 -         -                 -        -                 -        -                 -         -
             Other External - Other         (99,636)     (0.89)         (61,287)     (0.62)         (17,200)     (0.17)         (65,686)     (1.54)
GR-ST-670 - Other Fixed (Detail IF >5%)         (22,538)     (0.20)         (24,942)     (0.25)         (21,400)     (0.22)         (93,156)      (2.18)
GR670 - Inter BU Purchases                 -         -                 -        -                 -        -                 -         -
GR672 - Detail F1 (Other)         (22,400)     (0.20)         (24,942)     (0.25)         (21,400)     (0.22)         (93,156)     (2.18)
GR673 - Detail F2 (Other employee costs)              (138)     (0.00)                 -        -                 -        -         -
GR674 - Detail F3 (Wage Charge-Out, Charge-In)                 -                 -        -                 -        -                 -         -
GR675 - Detail F4  (MOPS Charge-out)                 -                 -        -                 -        -                 -         -
GR-ST-650 - Total Fixed Costs (416,002)     (3.73)    (2.92) (378,723)     (3.84) (341,009) (3.46) (613,886) (14.35)
15%
GR684 - Change in inventories (FG+WIP) variable part          13,817        307,426        376,942      3.82      (396,900)     (9.28)
GR685 - Change in inventories (FG+WIP) fixed part         (13,817)         (85,314)          69,143      0.70         (31,548)     (0.74)
GR-ST-680 - Total Inventory Variation (0) 222,112 446,085 4.52 (428,448) (10.02)

GR682 - Inter BU Sales                 -                 -                 -

GR641 - Intraco Transactions - Variable     2,162,105     1,596,792     1,482,110    15.03   (1,295,816)   (30.29)
GR671 - Intraco Transactions - Fixed        481,429        345,545        271,866       2.76       (613,886)   (14.35)

Intraco Total (3,439,568)    23.69 1,942,337    19.69 1,753,975 17.78 (1,909,702) (44.64)
GR683 - Sales elimination                 -                157                 -         -                 -         -
GR-ST-600 - Cost of Sales        359,260         (48,195)                   (0)     (0.00)   (4,247,852)   (99.30)

GROSS MARGIN 359,260 (48,195) (0) (0.00) (4,247,852) (99.30)

Variable Margin in % 0% 0.00% 0% 0%

Gross Margin in % 0% 0.00% 0% 0%