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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.

Copper grades are expected to continue to decline towards reserve grades in 2020 and future years.

The current life of mine for Carmen de Andacollo is expected to continue until 2035


Carmen de Andacollo Operating Results

($ in millions)

2019

2018

Revenue

$394

$488

Gross Profit (Loss) Before Depreciation and Amortization(1)(2)

$89

$193

Gross Profit(Loss)

$23

$121

Production (000's tonnes)

54

67

Sales (000's tonnes)

55

64

(1) Non-GAAP Financial Measure. See “Use of Non-GAAP Financial Measures” section for further information.
(2) See “Use of Non-GAAP Financial Measures” section for reconciliation.

Compañía Minera Teck Carmen de Andacollo

Camino a Chepiquilla s/n
Andacollo
Región de Coquimbo, Chile
t: 56.51.431.589
f: 56.51.431.587

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Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal and zinc, as well as investments in energy assets.