Hudbay Minerals Inc · TSX:HBM

Hudbay Minerals — Q4 2014 Earnings Presentation

13 slides from Hudbay Minerals's earnings presentation, Feb 20, 2015

  1. Slide 1: Fourth Quarter 2014 Results

    FOURTH QUARTER 2014 RESULTS Management Presentation February 20, 2015

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

Hudbay Minerals — Q4 2014 Earnings Presentation on 6ix