Figure 7 Value Optimization: Interaction between Resource Volume, Production Rate and Key Restrictions ECONOMIC AND OPERATIONAL ADVANTAGES Perspective of Conventional Value Drivers The following figure illustrates Antamina's main conventional value drivers from a financial perspective. In the current scenario, the amount of mineral resource that can be utilized directly depends on the capital that the company decides to invest (Capex), both in new investments (Growth Capex) and in maintaining existing operations (Sustaining Capex). This generates a necessary balance to determine the optimal scenario that maximizes the value of the existing asset. 109
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