43-101 2008 Technical Report On The La Fortuna Project, Durango ...

Table 16. Sensitivity Analysis
Sensitivity of Net Present Values (US$ millions) to changes in Gold Price, and
Operating and Capital Costs - Discounted at 0%, 5%, 7.5% and 10%
Gold Price Operating Cost Capital Cost
Change $/oz 0.0% 5.0% 7.5% 10.0% $/t ore 0.0% 5.0% 7.5% 10.0% $millions 0.0% 5.0% 7.5% 10.0%
-30% $438 28.8 20.5 17.5 15.1 $2.51 131.4 97.9 85.5 75.3 $3.19 96.2 71.4 62.3 54.7
-25% $469 39.8 28.8 24.8 21.5 $2.69 125.3 93.3 81.5 71.7 $3.41 96.0 71.2 62.1 54.5
-20% $500 50.9 37.2 32.1 28.0 $2.87 119.3 88.7 77.5 68.1 $3.64 95.8 71.1 62.0 54.4
-15% $531 61.9 45.5 39.4 34.4 $3.05 113.2 84.2 73.4 64.5 $3.87 95.6 70.9 61.8 54.2
-10% $563 73.0 53.8 46.7 40.9 $3.23 107.2 79.6 69.4 60.9 $4.10 95.5 70.7 61.6 54.1
-5% $594 84.0 62.1 54.0 47.3 $3.41 101.1 75.0 65.3 57.4 $4.32 95.3 70.6 61.5 53.9
- $625 95.1 70.4 61.3 53.8 $3.58 95.1 70.4 61.3 53.8 $4.55 95.1 70.4 61.3 53.8
+5% $656 106.1 78.7 68.6 60.2 $3.76 89.0 65.8 57.3 50.2 $4.78 94.9 70.2 61.1 53.6
+10% $688 117.2 87.0 75.9 66.7 $3.94 83.0 61.2 53.2 46.6 $5.01 94.7 70.1 61.0 53.5
+15% $719 128.2 95.3 83.2 73.1 $4.12 76.9 56.7 49.2 43.0 $5.23 94.5 69.9 60.8 53.3
+20% $750 139.3 103.7 90.5 79.6 $4.30 70.9 52.1 45.2 39.5 $5.46 94.3 69.7 60.6 53.1
+25% $781 150.3 112.0 97.8 86.0 $4.48 64.8 47.5 41.1 35.9 $5.69 94.1 69.5 60.5 53.0
+30% $813 161.4 120.3 105.1 92.5 $4.66 58.8 42.9 37.1 32.3 $5.92 93.9 69.3 60.3 52.8
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