Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q1 2023 Earnings Presentation
12 slides from Hudbay Minerals's earnings presentation, May 9, 2023
Slide 1: Q1 2023 Results Presentation
Q1 2023 RESULTS PRESENTATION May 9, 2023
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. Ofte
Slide 3: Q1 2023 Consolidated Results
Q1 2023 CONSOLIDATED RESULTS ON TRACK TO ACHIEVE CONSOLIDATED 2023 PRODUCTION & CASH COST GUIDANCE Consolidated copper production of 22.6k tonnes KEY RESULTS SUMMARY in Q1; lower due to planned copper grades in Q1 2023 Q4 2022 Q1 2022 Peru Production1 Copper kt 22.6 29.3 24.7 Consolidated gold produ
Slide 4: Peru Operations Review
PERU OPERATIONS REVIEW STEADY AND CONSISTENT COPPER PRODUCTION SUMMARY OF PERU OPERATING STATISTICS Q1 2023 Q4 2022 Q1 2022 Successfully navigated complex Peru environment to ensure steady operations at Constancia ore mined (million tonnes)1 3.4 5.6 6.9 Pampacancha ore mined (million tonnes)1 0.9 3.
Slide 5: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW GROWING GOLD PRODUCTION SUMMARY OF MANITOBA OPERATING STATISTICS Q1 2023 Q4 2022 Q1 20223 Gold, zinc and silver production increased in Q1 with higher grades and throughput, while Ore mined (kt) 373.6 369.5 386.8 Ore milled (kt) 385.7 345.5 397.3 copper decreased Copper gr
Slide 6: On-Strategy Combination with Copper Mountain to Create a Premier Americas-Focused Copper Producer
ON-STRATEGY COMBINATION WITH COPPER MOUNTAIN TO CREATE A PREMIER AMERICAS-FOCUSED COPPER PRODUCER Commodity Efficiencies Diversification Deleveraging 29 Capital Scale Cu Allocation Copper Enhanced Core exposure to core competencies Accelerates Balanced commodity extract value and deleveraging weight
Slide 7: Hudbay Expects $30 Million of Annual Operating Efficiencies and Synergies
HUDBAY EXPECTS $30 MILLION OF ANNUAL OPERATING EFFICIENCIES AND SYNERGIES Key Similarities Between Copper Hudbay Can Apply its Constancia Operating Mountain Mine and Constancia Framework to Unlock Efficiencies2 Large-Scale, Open Pit Operations Crusher Excavators Leading maintenance & operating Small
Slide 8: Priority Pipeline Opportunities
PRIORITY PIPELINE OPPORTUNITIES Operation Brownfield Greenfield 1 Enhancements 2 Expansion 3 Development Copper Mountain Recovery Maria Reyna & Copper Mountain Copper World Mason Project Steady State Programs Caballito Expansion Complex High-quality Large, open pit copper project copper project Incr
Slide 9: Key 2023 Exploration Initiatives – Constancia Satellites & Lalor Deep
KEY 2023 EXPLORATION INITIATIVES – CONSTANCIA SATELLITES & LALOR DEEP CABALLITO & MARIA REYNA LALOR DEEP TARGETS Caballito – Skarn and Porphyry 5 drill rigs tested the down-dip gold and copper extensions of the CABALLITO Mineralization Lalor deposit; assays are pending Located ~5km from Constancia P
Slide 10: Leading Climate Change Initiatives
LEADING CLIMATE CHANGE INITIATIVES COMMITTED TO FURTHER IMPROVE OUR LOW-CARBON FOOTPRINT ↓50% Net Zero Scope 3 New Projects lower absolute Scope 1 and Scope 2 total emissions by 2050 emissions reporting to be introduced and acquisitions will be assessed against emissions from existing operations by
Slide 11: Hudbay Copper Growth Pipeline
HUDBAY COPPER GROWTH PIPELINE LEADING FREE CASH FLOW GROWTH AND SIGNIFICANT COPPER RESOURCE OPTIONALITY Low-cost profile expected to generate significant near-term cash flow growth with a high-quality organic pipeline SIGNIFICANT COPPER PRODUCTION GROWTH IN COPPER RESOURCES PER SHARE2 2023E Producti
Slide 12: For more information contact: Candace Brûlé
For more information contact: Candace Brûlé Vice President, Investor Relations 416.814.4387 | candace.brule@hudbay.com