Slide 1: Q2 2016 Presentation
Q2 2016 PRESENTATION | JULY 28, 2016 HBM
Slide 2: Cautionary Information
Cautionary Information This presentation contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking information") within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other tha
Slide 3: Cautionary Information (continued)
Cautionary Information (continued) The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward- looking information may include, but are not limited to, risks generally associated with the mining industry
Slide 4: Q2 2016 Summary
Q2 2016 Summary ON TRACK TO MEET 2016 PRODUCTION AND COST GUIDANCE Increased production across all metals Key Financial and Operational Results from Q1 2016 Q2 2016 Q1 2016 Change Reduced costs at all operations, Production1 resulting in 28% lower cash costs Copper kt 45.9 38.9 +18% and 21% lower al
Slide 5: Enhanced Liquidity Position
Enhanced Liquidity Position Secured an additional $30 million in new commitments on revolving credit facilities, bringing total to $530 million Growing cash position, increased liquidity and net debt reduced in Q2 2016 Expected to be cash flow positive throughout the year based on current spot price
Slide 6: Peru Operations Review
Peru Operations Review Milled tonnage slightly higher than Q1 2016 Peru Summary Operating Statistics Q2 2016 Q1 2016 Constancia plant performance optimization Ore mined (million tonnes) 6.5 6.8 remains primary focus Ore milled (million tonnes) 6.7 6.2 Improved copper recovery to 82.7% in Q2 Copper g
Slide 7: Manitoba Operations Review
Manitoba Operations Review Ore mined was consistent with Q1 but ore Manitoba Summary Operating Statistics milled grew by 5% primarily due to Q2 2016 Q1 2016 increased production at Lalor in Q2 Ore mined (kt) 730 731 Ore milled (kt) 723 686 Copper and zinc milled grades increased, Copper grade milled
Slide 8: 2016 Objectives
2016 Objectives Strengthen liquidity position by identifying cost savings and deferring debt repayments Arrange more flexible financial covenants on credit facilities Achieve capital and operating cost efficiencies to maximize free cash flow Deliver low-cost production growth in copper, zinc and
Slide 9: Uniquely Positioned
Uniquely Positioned Downside protection with low-cost assets in low-risk jurisdictions Strong leverage to eventual copper price recovery with meaningful zinc exposure Best-in-class growth potential Lalor gold Pampacancha Rosemont Well-positioned for a volatile metal price environment Q2 2016 P
Slide 10: Q2 2016 Presentation
Q2 2016 PRESENTATION | JULY 28, 2016 HBM