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Annual Report 2015 47
FY2015 Production
A total of 485,302t of ore was mined during FY2015 from the Bentley underground mine.
A total of 488,466t of ore at an average grade of 10.55% Zn, 1.75% Cu and 156g/t Ag (FY2014: 441,867t @ 10.65% Zn, 1.97% Cu
and 145g/t Ag) was milled. Metal production in concentrate was 45,000t of contained zinc metal (FY2014: 41,162), 7,380t of
contained copper metal (FY2014: 7,692t) and 1,876,381oz of contained silver metal (FY2014: 1,657,461oz). Production of both zinc
and copper was in line with improved FY2015 guidance released in February 2015. The payable cash costs plus royalties was
$0.43/Ib payable zinc, net of by-product (FY2014: $0.31/Ib).
Figure 16: Quarterly mine production and cash cost performance at Jaguar in last eight quarters
Zinc (t)
Contained Metal (t)
Cash Costs ($/lb Zn)
Copper (t)
Zinc Guidance
Cash Costs ($/lb Zn)
Cost Guidance
Copper Guidance
Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
-
$0.90
$0.80
$0.70
$0.60
$0.50
$0.40
$0.30
$0.20
$0.10
Figure 17: Quarterly tonnes mined versus Reserve depletion at Jaguar in last eight quarters
Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15
Ore tonnes
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
Mined
Reserve Depletion