Carmen de Andacollo

Carmen de Andacollo is a copper and gold mine located in central Chile.

About Carmen de Andacollo

Carmen de Andacollo is located in the Coquimbo Region of central Chile at an elevation of 1,000 metres, approximately 350 kilometres north of Santiago, near the southern limit of the Atacama Desert.

Teck owns a 90% interest in the mine. Empresa Nacional de Minería holds the remaining 10%.

Carmen de Andacollo is an open pit mine, producing copper in concentrates from the hypogene portion of the orebody. Copper cathode production from the supergene portion of the orebody is currently approaching completion. The majority of mine personnel live in the town of Andacollo, immediately adjacent to the mine, or in the nearby cities of Coquimbo and La Serena.

Carmen de Andacollo’s production in 2022 is expected to be in the range of 45,000 to 50,000 tonnes of copper. Annual copper in concentrate production is expected to be between 50,000 and 60,000 tonnes for 2023 to 2025. The current life of mine for Carmen de Andacollo is expected to continue until 2036.

Carmen de Andacollo Operating Results

($ in millions)

2021

2020

2019

Revenue

$493

$442

$394

Gross profit (loss)

$153

$95

$23

Gross profit (loss) before depreciation and amortization1

$209

$170

$89

Production (thousand tonnes)2

45

58

54

Sales (thousand tonnes)2

45

59

55

Notes:
1 This is a non-GAAP financial measure or ratio. See "Use of Non-GAAP Financial Measures and Ratios" section of the Management's Discussion and Analysis for further information. 
2 We include 100% of production and sales from our Carmen de Andacollo mine in our production and sales volumes, even though we do not own 100% of this operation, because we fully consolidate this result in our financial statements.

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