Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q4 2014 Earnings Presentation
13 slides from Hudbay Minerals's earnings presentation, Feb 20, 2015
Slide 1: Fourth Quarter 2014 Results
FOURTH QUARTER 2014 RESULTS Management Presentation February 20, 2015
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: Cautionary Information (continued)
Cautionary Information (continued) The technical and scientific information in this presentation related to the Constancia project has been approved by Cashel Meagher, P. Geo, Hudbay's Vice- President, South America Business Unit. The technical and scientific information related to all other sites a
Slide 5: Achievements and Challenges
Achievements and Challenges ACHIEVED GROWTH OBJECTIVES IN 2014 Copper production and operating cost guidance achieved 777 2014 zinc and precious metal production below guidance Production Commercial production achieved ahead of Reed guidance and under budget Achieved commercial production on
Slide 6: Near-Term Production Growth
Near-Term Production Growth1 OPPORTUNITY FOR A RE-RATE IS SIGNIFICANT AS WE DELIVER GROWTH 320% Increase in Cu 145% Increase in 50% Increase in Zn Production Au-Eq. Production2 Production (kt) (koz) (kt) 200 250 150 200 150 100 150 100 100 50 50 50 - 3 - - 3 3 2014A 2015G 2016E 2014A 2015G 2016E 201
Slide 7: Strong Financial Capacity
Strong Financial Capacity > Commitments received to increase corporate revolving credit facility to US$250 million > More than sufficient to meet $425 million 2015 capital budget; exclusive of operating cash flow Pro-Forma Liquidity 1 (In C$ millions) Cash and cash equivalents 207 Corporate revolvin
Slide 8: Constancia Update
Constancia Update COMMERCIAL PRODUCTION ON TRACK FOR Q2 2015; FULL CAPACITY IN H2 2015 > Copper concentrate production began as expected in Q4 2014 > Commissioning is ongoing and copper concentrate produced to date has met specifications; first concentrate shipment expected in late Q1 2015 Constanci
Slide 9: Constancia Photos
Constancia Photos Constancia primary crusher and crushed ore Crushed ore travelling on stockpile conveyors Constancia flotation cells Constancia mill Q4 2014 RESULTS l 9
Slide 10: Lalor Update
Lalor Update DRILLING OF CU-AU ZONE COMMENCED IN Q4 2014 Lalor Cross-Section with Exploration Platform 0m Underground drill program Production underway Shaft > Test down plunge potential of gold and copper-gold 500m zones > Determine optimal location Exploration to advance exploration Platform ramp
Slide 11: Rosemont Update
Rosemont Update 80%-OWNED1 COPPER PROJECT IN ARIZONA, USA Hudbay acquired control of the Rosemont project in July 2014 > Completed 43 hole confirmatory drill program with approx. 30,000 metres drilled > Metallurgical test program has begun; basic engineering review is underway > Project permitting e
Slide 12: 2015 Goals
2015 Goals HARVESTING RETURNS FROM NOW COMPLETED CAPITAL INVESTMENT Complete commissioning at Constancia and ramp-up toward commercial production in Q2 2015 Optimize production and cost performance at Manitoba operations Continue exploration program including drilling from Lalor underground ex
Slide 13: For more information contact
Night view of Constancia crusher For more information contact: Jacqueline Allison Director, Investor Relations Tel: 416.814.4387 Email: jacqueline.allison@hudbayminerals.com HBM