So it is a substantial asset for us. It is a very low cost for the combination of Yumpag and Uchucchacua mine. Regarding El Brocal mine, we are now at a production rate in the [indiscernible] mine in the rate of 12 – sorry, 10.5 – almost close to 11,000 tons per day is on fixed. So next year, in 2024, we will – our target is to stabilize the production in the rate of 11,000 tons per day in 2024 and keep developing the mine in order to increase the throughput in 2025 to around 12,000 tons per day. So the target is to reach 12,000 tons per day by middle of 2025. That is the target for the throughput point of view. Regarding copper production, because the [indiscernible] mine is purely copper player, we will be – our bottom part, of course, is going to be a historic evolution in the rate of 50,000 tons of fine copper.
But we are looking for opportunity to go over that, increasing not only the throughput, but also the recovery opportunity that we have basically on the cost side. As you see, we are reducing the cost – the producing cost from the [indiscernible] mine, and that is our main target. And the main target is not [indiscernible] to increase production [indiscernible] decrease the cash cost of the [indiscernible] mine.
Leandro Garcia: If I may add, there is no need to any CapEx to the plan. We have plant capacity enough to treat the 12,000 tons per day. All the efforts are in the mine site to extract the 12,000 tons per day from the mine.
Cesar Perez-Novoa: Okay. And just to be very clear, my connection is not very stable. But if I heard you correctly, you will be hitting a stable production of around throughput rates of 11,000 in 2024. In the middle of 2025, you will be hitting 12,000 tons per day and your minimum copper production would be in the range or at minimum 50,000 tons, right?
Juan Carlos Salazar: That is correct.
Operator: Our next question comes from [Omar Avellaneda from Prima AFP] (Ph).
Unidentified Analyst: I have a couple of questions regarding Cerro Verde. Do you expect to receive dividends during this last quarter of the year? Do you have any information regarding the tax dispute between Freeport and the Peruvian government related to these royalties?
Leandro Garcia: Thank you, Omar, for your question. I will answer the first regarding the dividend. We know and it is known by everybody that Cerro Verde has an excellent performance. There is some room from dividends, but the decision has not been taken until yet. So we expect, of course, some dividends, but there is no 100% confirmation. With respect of the trial in CIE, we expect news for May next year some confirmation or some communication from the CIE of the results of this trial.
Unidentified Analyst: Okay. And if I may, an additional question. Do you have any news regarding this consulta player process in Yumpag?
Leandro Garcia: Yes. Well, we are working very close with the Minister of Mines. But maybe here with us is Alejandro Hermoza that can give us more color to your – for the answer.
Alejandro Hermoza: Yes, this process is currently under evaluation from the social Office of the Ministry of Mines. They’re evaluating all the processes that we have had in the past in that operation, and we should have some results from them or some instruction from them in the following weeks.
Operator: Our next question comes from [Joshlin Jensen from Bluecore] (Ph).
Unidentified Analyst: Okay. I want to ask about CapEx. If you can provide us more color regarding the CapEx expected for 2024 for the growth projects and also for total and how much CapEx do you expect for Perapice and when do you expect to start building this project and how do you expect to fund that CapEx? We have seen that, in this quarter, you have reduced leverage. But do you expect to take more debt or which are the available credit lines that you already have?
Leandro Garcia: Thank you. Thank you very much for your questions. It is a relevant issue. Well, the CapEx for 2024 will be mainly – all the efforts will be for San Gabriel. For the sustaining CapEx, normally, when Buenaventura has a budget of $80 million, [indiscernible] will be around 20 – between 20 and 30, but maybe Daniel can help us with more exact figures that we are managing as today.
