Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q3 2020 Earnings Presentation
14 slides from Hudbay Minerals's earnings presentation, Nov 4, 2020
Slide 1: Q3 2020 Results Conference Call Presentation
Q 3 2 0 2 0 R E S U LT S C O N F E R E N C E C A L L P R E S E N TAT I O N November 4, 2020
Slide 2: Cautionary Information
CAUTIONARY INFORMATION This presentation contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward- looking information. Oft
Slide 3: Q3 2020 Consolidated Results
Q3 2020 CONSOLIDATED RESULTS ON TRACK TO ACHIEVE FULL YEAR 2020 PRODUCTION AND COST GUIDANCE Q3 2020 Results • Delivered solid operating quarter with KEY RESULTS SUMMARY steady performance from both Manitoba & Q3 2020 Q2 2020 Q1 2020 Peru Production1 Executing on • Copper production increased over t
Slide 4: Q3 2020 Peru Operations Review
Q3 2020 PERU OPERATIONS REVIEW FULL RESUMPTION OF OPERATIONS PERU SUMMARY OF OPERATING STATISTICS Q3 2020 Results • Operating safely and efficiently under strict Q3 2020 Q2 2020 Ore mined (million tonnes)1 8.5 2.8 COVID-19 measures Ore milled (million tonnes) 7.5 4.4 • Successful ramp-up of mining a
Slide 5: Q3 2020 Manitoba Operations Review
Q3 2020 MANITOBA OPERATIONS REVIEW FURTHER IMPROVED MARGINS MANITOBA SUMMARY OF OPERATING STATISTICS Q3 2020 Q2 2020 Q3 2020 Results • Continued solid operating performance, Ore mined (kt) 622 689 largely unaffected by COVID-19 Ore milled (kt) 658 660 • Strong production at Lalor and 777 during Q3 C
Slide 6: New Britannia Gold Mill Refurbishment
NEW BRITANNIA GOLD MILL REFURBISHMENT ON BUDGET AND AHEAD OF SCHEDULE; GOLD PLANT COMMISSIONING IN MID-2021 • Fully-funded refurbishment ahead of schedule, within budget and 64% complete Q3 2020 Results • Engineering 99% complete, project procurement 98% complete, construction 45% complete • GoldLAK
Slide 7: Snow Lake Gold Execution of Milestones
SNOW LAKE GOLD EXECUTION OF MILESTONES Stall mill Cu & Au recovery improvement study results New Britannia mill FURTHER UPSIDE OPPORTUNITIES expansion study results Potential to further increase Q3 2020 Results Ongoing Lalor 1901 winter annual production and in-mine drilling 1901 prefeasibility stud
Slide 8: Constancia Regional Exploration
CONSTANCIA REGIONAL EXPLORATION CONSTANCIA NORTH DRILLING CONTINUES TO INTERSECT CU PORPHYRY & SKARN Q3 2020 Results • Test a possible extension of Cu porphyry and DRILL INITERSECTIONS Estimated high-grade skarn mineralization within 300m of Hole ID1 From To Intercept True Cu3 Mo3 Au3,4 Ag3 Minerali
Slide 9: Leveraging Hudbay's Key Competitive Advantages
LEVERAGING HUDBAY’S KEY COMPETITIVE ADVANTAGES VALUE CREATION THROUGH LEADING ORGANIC GROWTH PIPELINE Q3 2020 Results CONSTANCIA - Low Cost and Long Life Longer Term ✓ Ongoing Optimization Regional Maria Reyna & Caballito Exploration ✓ Executing on Pampacancha Mill Expansion ✓ Pursuing Quehuincha an
Slide 10: Appendix
PENDIX HEM TMX Bnyse —
Slide 11: Additional Information
ADDITIONAL INFORMATION SUPPLEMENTAL INFORMATION FOR THE CONSTANCIA NORTH DRILL RESULTS Q3 2020 Results Hole ID From (m) To (m) Azimuth at Dip at Core Easting Northing Elevation Easting Northing Elevation Intercept Intercept Size CO-19-306 200,773 8,400,165 3,924 200,763 8,400,163 3,885 261 -76 HQ CO
Slide 12: Constancia Regional Potential
CONSTANCIA REGIONAL POTENTIAL • Since 2012, executed over 90 social MINERAL PROPERTIES WITHIN TRUCKING DISTANCE OF agreements with local governments and CONSTANCIA PROCESSING FACILITY Q3 2020 Results communities, maintaining our social license to operate 0 5,000 10,000 • Pampacancha surface rights a
Slide 13: Additional Information: Qualified Person
ADDITIONAL INFORMATION QUALIFIED PERSON Q3 2020 Results The technical and scientific information in this presentation related to the Constancia mine and Rosemont project has been approved by Cashel Meagher, P. Geo, Hudbay’s Senior Vice President and Chief Operating Officer. The technical and scienti
Slide 14: For More Information Contact:
For More Information Contact: Candace Brûlé, Director, Investor Relations 416.814.4387 | candace.brule@hudbay.com