We develop objectives every year that support our corporate strategy and drive results. These are also our key performance indicators. We’ve established the following objectives to help drive our strategy and performance in 2007. Refer to our most recent quarterly report for an update on our performance in relation to these objectives.
| Corporate objective |
|
Our objective for 2008 |
Growth |
|
Grow through the acquisition of production, development of a property or successful exploration |
|
-
Complete the construction at Las Cruces and successfully begin production
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Advance construction at Cerattepe so production can begin in 2009
-
Make a decision about the development of Petaquilla
- Continue to evaluate our next growth opportunity
|
Maximize the value of our existing assets |
|
Meet production targets and continuously improve productivity
|
|
Meet the following production targets:
- Copper 104,000 tonnes
- Zinc 79,000 tonnes
- Gold 285,000 ounces
Meet the following productivity targets (tonnes of ore milled per day):
| |
Çayeli |
3,000 |
|
Pyhäsalmi |
3,750 |
|
Troilus |
18,100 |
|
Ok Tedi (100%) |
69,000 |
|
|
|
|
| Control costs through continuous improvement programs and cost monitoring |
|
Meet the following cost targets:
Cost per tonne of ore milled (C $)
| Çayeli |
$ 71 |
| Pyhäsalmi |
$ 36 |
| Troilus |
$ 12 |
| Ok Tedi |
$ 18 |
| Las Cruces |
$ 172 |
| Cash cost per pound of copper (US $) |
$ 0.51 |
| Cash cost per ounce of gold (US $) |
$ 243 |
|
|
|
|
Continue to make our operations safe places to work
|
| Improve the safety and health performance of our operations and construction projects |
|
-
Implement higher safety and health standards (high consequence protocols) at all of our operations
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Improve operational performance by implementing safety, environmental and community affairs standards
-
Commit to open and transparent reporting by improving our external sustainability/corporate social responsibility reporting and ultimately moving to a G3 Global Reporting Initiative framework
-
Expand our participation in global community organizations
|
 2007 annual report
|