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AFE Motivation THK175 - Version Final
AFE Motivation THK175 - Version Final
Please, carefully read all these instructions before you start filling out this document.
1. Make sure you are using the most updated document. Please see NGM SharePoint: htt
2. Start filling out the AFE Motivation tab and continue following the numeral sequence
3. Blue tabs don't need to be populated. In the "SAP Input" tab you will find all data requ
4. If you prefer using a separe document to calculate your financial evaluation, please m
5. After filling out this document, please forward to your finance team to validate the fin
7. If you have doubts, please reach out to Mariana Lima or Pam Zaga.
AFE Checklist
Please make sure all activities / documents are completed before you submit your AFE for
Documents:
1. AFE Motivation
2. AFE Presentation
3. Drilling Checklist
4. Project Management Plan (PMP)
5. Financial evaluation
6. Sensitivities
Version Control
Version
Author Date
Number
01 - -
02 - -
Emma Kawczynski/
03 7/22/2022
Mariana Lima
04 Mariana Lima 7/27/2022
05 Mariana Lima 7/29/2022
06 Mariana Lima 8/17/2022
07 Lucia Igarashi 10/10/2022
07 Lucia Igarashi 10/1/2023
efore you start filling out this document.
n the "SAP Input" tab you will find all data required to submit your AFE into SAP.
o calculate your financial evaluation, please make sure you attach it as your supporting documents in SAP.
orward to your finance team to validate the financial calculations before the Site SLT meeting review.
All AFEs
Check NGM SharePoint for exceptions
All drilling AFEs
All Construction / Innovative Projects
All projects with financial benefits
All construction projects greater than $10M
Version Control
Changes
Previous versions.
Reviewed version
Add communication list, corrected some formatting, review department and adding Goldrush as site
Correction - Approval year - SAP Input
Reviews - Signoff, cost center, monthly reviews
Sign Off, plan values calculation in local currency
Plan version added to SAP input, Added approval year, added RD companies
AFE.
Tasks:
1.
2.
3.
4.
Finance sign off - NPV and IRR calculations
Update current capital forecast with total amount and cashflow
Update operating forecast considering your benefits and if you have GHG emissions variations.
Examples: variations in diesel consuption, maintenance cost reductions
Review project with Permitting, Community Relations, Environmental, Safety and Health and Powe
areas.
AFE Motivation
1. General Information:
2. Financial Information:
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Up to 2022
2023 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 227,837
2024 $ - $ - $ 221,700 $ - $ - $ - $ - $ - $ - $ - $ -
2025 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
2026 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
2027 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Fill in through the WBS Structure cashflow, do not change directly.
4. Project Overview:
Background - Why is it required? Description - What is the Project/AFE Scope? Benefits - What is expected onc
The flow of pulp with expansion will increase from 2,886.7 m3/h actual avg to 5711.4 m3/h, Increase 2.5m of the actual feed well, a new launder box and pipeine of overflow discharge * Increase the capacity of the thic
It represents a limitation of tonnage in the plant with the expansion. To avoid this restriction, flows.
will require to increase the capacity of the POX Thickener in order to have availability to See tab Scope Description * Increase the overflow discharge
receive the concentrate of flotation circuit. * Avoid POX thickener to become
5. Alternatives Considered:
6. Asset management:
(if your AFE includes equipment purchase, please populate tab "Asset Management" tab)
Replacement Purchases
Equipment Asset number Serial number Equipment Quantity
0 0 0 Feed well 1
0 0 0 Overflow Box 1
0 0 0 HPU 1
9. Current AFE Key Milestones: 10. Current Project Key Cost Components:
1805311420
Future Total
Total years
$ 0.0K $ 0.0K $ 0.0K
$ 227.8K $ 221.7K $ 449.5K
$ 0.0K $ 0.0K $ 0.0K
$227.8K $221.7K $449.5K
100% 100% 100%
Dec Total
$ -
$ - $ 227,837
$ - $ 221,700
$ - $ -
$ - $ -
$ - $ -
cture cashflow, do not change directly.
NA
Purchases
Quantity Model
1 1412
1 N/A
1 N/A
$ 363,537
$ 46,000
$ 40,000
$ -
$ -
$ 449,537
Date Responsible
19-May-23 Carlos Marquez/ Elvira Santiago
22-Sep-23 Supply Chain
1-Nov-23 Anneury Rosario
6-Feb-23 Yanillys Adames/Supply Chain
Expense Cost
Supply of feed System upgrade [Capital/Expense] $ 363,537.00
Date Responsible
Available
Yes
[Yes/No]
[Yes/No]
[Yes/No]
[Yes/No]
Disposals
Equipment Asset number
s Purchases
Serial number Equipment Type Quantity
Feed well 1
Overflow Box 1
HPU 1
Purchases Special configuration? (e.g.:
automation package…)
Model Prefered OEM Size
1412 10m Bigger
N/A Addind a new one
N/A Replace
Instructions:
1. Use this model or the one you created for your project to calculate your finan
2. Keep your logic and calculations clear, so everyone can validade your data
3. Add in the assumptions list, all the data you used to base your evaluation. Ad
4. Validate your numbers with your department and finance team.
5. Make sure your impacts on revenue and costs are reflected in the operating f
6. If using this format, copy and paste the area surrounded by the dotted lines i
7. If you are using a different format, make sure you add your calculations in a c
Simplified Valuation:
KPIs
NPV @ 0%
NPV @ 5%
NPV @ 10%
NPV @ 15%
IRR
Payback Years
Description Up to 2022
Capital Expenditures -
[Initial Capital] (-) -
[Expansion Capital] (-) -
[Sustaining Capital] (-) -
[Capital Savings] (+) -
Impact on revenue -
[Gold Production] -
[Credit] -
-
-
Impact on costs -
[Cost Savings] (+) -
[Additional costs] (-) -
-
-
Taxes -
Net cash flow -
1
Cumulative cash flow -
calculate your financial KPI's
idade your data
your evaluation. Add the source and the date you colected this information.
Cost of Carb
is the tax risk (or mitigation) associated with the emissions change.
of GHG Change
e - Explain why
Annual CO2e Change (tonnes) -
Cost of Carbon $ -
Cash Cost
Gold Price US $
Revenue (Oz)
Considerations:
Without the modifications we just can run 1 flotation 1. The Loss and Revenue are calculted based on 1 Train
Au Average in Cruher Feed on 2.2 gpt
Aligning the shudowt with reline or one AC maintenance
Data Assumptions
Based on Latest Forecast (2023 0+12)
PuebloViejo
SITE SUMMARY
TOTAL PROCESSING
Elemet Price
Reverse engineering $ 5,000.00
Installation $ 12,000.00
Overflow Box $ 8,000.00
Pipline 42" $ 12,000.00
TNK feed connection $ 9,000.00
Total $ 46,000.00
Fcst0_12_2023 Fcst0_12_2023 Fcst0_12_2023 Fcst0_12_2023 Fcst0_12_2023 Fcst0_12_2023
2028 2029 2030 2031 2032 2033
Task ID
Level WBS Code Structure
L2 L3 L4 L5
1 C1805.0001.1
1 2 C1805.0001.1.01
2 2 C1805.0001.1.02
3 2 C1805.0001.1.03
Cashflow Check
**Accounting Assignment
ü
Feed System Upgrade and Overflow Box fabrication ü
Feed System Upgrade fabrication and installation ü
Mandatory field
Editable cells
2023
Request Cost Center Project Type OS Category
Jan Feb Mar Apr
0 0 0 0
0 0 0 0 0 0 227,837 0 227,837
0
227,837 227,837
0
Cashflow
2024
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
0 0 221,700 0 0 0 0 0 0 0
221,700
2025 2026 2027
Total
Nov Dec Year Total Year Total Year Total Year Total
0 0 221,700 0 0 0 449,537
0 0 0 0 0
0 0 0 0 227,837
221,700 0 0 0 221,700
Creating an AF
Initial Step
General Data
All persons on this list will get notifications on the status of this AFE.
Control Data
Organizational U
Sup/Staged to:
OS Code: C1805.OS.0289
Project Type: 1000500001
OneStream Category: 2000000000
Prev. Approv. Req: 0
Tot Expct Proj Cost: 449,537
Budgeted:
If your AFE is a supplemental or staged, type here the WBS code of your
previous approved AFE. Example: C1532.0001.1
Variants - Plan Va
Variants - Plan Ve
Initial Step
General Data
Organizational Units
User Fields
0-12
Time to Consequence Urgent
months A 10 7 4 2 1
Soon 1 - 4 years B 13 11 8 5 3
Future 4 years+ C 15 14 12 9 6
SEVERITY RATING 1 2 3 4 5
Cost / Opportunity $10,000 - $100,000 $100,000 - $1,000,000 $1,000,000 - $10,000,000 $10,000,000 - 100,000,000 $100,000,000 +
YBPH
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Equity type Tax Jurisdiction Region Usage Application Procedure Logical System
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Lock indicator PrCtr Formula Planning Template Segment Dummy function in length 1
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Name Long Text Profit center short text for
matchcode