Standard smelter/refinery terms for Cu conc, Zn conc, and Au dore. Compare your terms against industry ranges.
| Term | Your Value | Industry Range | Unit | Note |
|---|---|---|---|---|
| Cu Content | 25 | 22-28 | % | Typical smelter-grade Cu conc |
| Cu Payable | 96.5 | 95-97 | % | Fraction of Cu content paid for |
| Au Payable | 95 | 90-97 | % | After deduction (1-2 g/t typical) |
| Au Deduction | 1.0 | 0.5-2.0 | g/t | Unpaid Au in conc |
| Ag Payable | 90 | 85-95 | % | After deduction (typically 20-40 g/t) |
| Ag Deduction | 30 | 20-50 | g/t | Unpaid Ag in conc |
| Treatment Charge | 80 | 60-110 | $/dmt | Annual benchmark TC. Spot can be higher. |
| Cu Refining Charge | 0.08 | 0.06-0.10 | $/lb | Per lb of payable Cu |
| Au Refining Charge | 5.00 | 4-8 | $/oz | Per oz of payable Au |
| Ag Refining Charge | 0.50 | 0.30-0.75 | $/oz | Per oz of payable Ag |
| Ocean Freight | 45 | 30-60 | $/wmt | Depends on origin-smelter route |
| Land Transport | 12 | 5-25 | $/wmt | Mine to port distance dependent |
| Moisture | 8 | 6-10 | % | Affects wmt/dmt ratio |
| Insurance | 0.25 | 0.15-0.35 | % CIF | Of CIF value |
| Surveillance | 5000 | 3000-8000 | $/shipment | Independent weighing/sampling |
| Transit Loss | 0.5 | 0.3-0.8 | % | Allowance for handling losses |
| Penalties - As | 0 | 0-5 | $/dmt | If As content exceeds limit (typically 0.2%) |
| Penalties - Bi | 0 | 0-3 | $/dmt | If Bi exceeds limit |
| Penalties - Hg | 0 | 0-10 | $/dmt | If Hg exceeds 5-10 ppm |
| Price Participation | 0 | 0-5 | % | Smelter share of Cu price above threshold |