copper price, page-15

2017 highlights (100-per-cent basis)

• Mine production for the year was 88.3 million pounds of copper equivalent, made up of 75.8 million pounds of copper, 23,600 ounces of gold and 277,000 ounces of silver.
• Revenue for the year was $304-million from the sale of 73.9 million pounds of copper, 23,800 ounces of gold and 264,800 ounces of silver, net of pricing adjustments.
• Cash flows from operations before changes in working capital items for the year were $102.8-million.
• Gross profit for the year was $59.1-million.
• EBITDA (earnings before interest, taxes, depreciation and amortization) was $122.5-million for the year.
• Adjusted EBITDA was $91.0-million for the year.
• Site cash costs for the year were $1.38 (U.S.) per pound of copper produced net of precious metal credits.
• Total cash costs for the year were $1.81 (U.S.) per pound of copper sold net of precious metal credits.
• Realized prices on metal sales in the quarter were $3.12 (U.S.) per pound of copper, $1,279 (U.S.) per ounce of gold and $16.77 (U.S.) per ounce of silver.
• Paid back $50-million in principal and interest on project loans.
• Cash on hand at the end of the year increased to $45-million.

So, as I´m always willing to learn, would you explain to me, how with 3$ per pound just to reach break even they could reach the numbers in 2017 as posted in their full year report.

thanks in advance, Michael