Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q1 2021 Earnings Presentation
14 slides from Hudbay Minerals's earnings presentation, May 12, 2021
Slide 1: Q1 2021 Results Presentation
Q 1 2 0 2 1 R E S U LT S P R E S E N TAT I O N May 12, 2021
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 2021 Consolidated Results
Q1 2021 CONSOLIDATED RESULTS 2021 PRODUCTION AND COST GUIDANCE REAFFIRMED KEY RESULTS Consolidated • Gold and zinc production increased SUMMARY Results compared to Q4 2020; copper and silver Q1 2021 Q4 2020 Q1 2020 production decreased QoQ Production1 Copper kt 24.6 27.3 24.6 • Record consolidated g
Slide 4: Peru Operations Review
PERU OPERATIONS REVIEW PERU SUMMARY OF OPERATING STATISTICS • Scheduled mill maintenance in Q1 Q1 2021 Q4 2020 Q1 2020 Ore mined (million tonnes)1 Consolidated impacted production and costs 7.7 9.3 7.0 Results Ore milled (million tonnes) 6.4 7.7 6.7 • Cu production of 17.8kt lower QoQ Copper grade m
Slide 5: Pampacancha
PAMPACANCHA FIRST PRODUCTION ACHIEVED Consolidated Results • All land user agreements finalized and blasting began in April 2021 Peru Business • First production achieved at the end of Unit April, consistent with guidance and recent updated mine plans Manitoba Business Unit Robust Copper Pipeline 20
Slide 6: Constancia Updated Mine Plan
CONSTANCIA UPDATED MINE PLAN • Incorporates higher grades from Pampacancha from 2022 to 2025 and the new Constancia North reserves to extend the medium-term production profile Consolidated Results • Average annual copper production increases to 102,000 tonnes over the next 8 years at an average cash
Slide 7: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW MANITOBA SUMMARY OF OPERATING STATISTICS • Production of all metals higher quarter- Q1 2021 Q4 2020 Q1 2020 Consolidated Results over-quarter Ore mined (kt) 697 633 701 Ore milled (kt) 644 598 702 • Strong copper production quarter due to Copper grade milled 1.16% 1.09% 0.
Slide 8: New Britannia Gold Mill Refurbishment
NEW BRITANNIA GOLD MILL REFURBISHMENT REMAINS AHEAD OF SCHEDULE Consolidated • Refurbishment activities continue to track ahead of the original schedule with 82% complete to-date Results • GoldLAKE SNOW plant ramp-up and first gold pour expected in early Q3 2021 Peru Business • Cu flotation facility
Slide 9: Snow Lake Gold Updated Mine Plan
SNOW LAKE GOLD UPDATED MINE PLAN • Incorporates early production of gold at New Britannia in 2021 in addition to several near-to- medium term optimization initiatives: Consolidated Results • Increasing Lalor’s mining rate to 5,300 tpd starting in 2023 after the 777 mine closes • Adding 1901 zinc-ric
Slide 10: Growing Production Outlook
GROWING PRODUCTION OUTLOOK SIGNIFICANT COPPER AND GOLD PRODUCTION GROWTH Consolidated Results Cu +46% Au +154% 318 (kt) (koz) Peru Business 139 Unit 280 130 265 123 Manitoba 102 95 203 Business Unit 125 Robust Copper Pipeline 2021 Catalysts 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 10 Source
Slide 11: Robust Copper Development Pipeline
ROBUST COPPER DEVELOPMENT PIPELINE POTENTIAL TO GROW MEDIUM-TO-LONG-TERM COPPER PRODUCTION PROFILE THROUGH PROJECTS AT VARIOUS STAGES OF DEVELOPMENT AND EXPLORATION ROSEMONT COPPER WORLD MASON Consolidated Results Arizona Arizona Nevada Permitting/Development Exploration Drilling Underway PEA Optimi
Slide 12: Other Exploration Initiatives
OTHER EXPLORATION INITIATIVES EXPLORATION UPSIDE POTENTIAL EXISTS IN BOTH PERU AND SNOW LAKE CONSTANCIA REGIONAL EXPLORATION SNOW LAKE REGIONAL EXPLORATION Consolidated Results Peru Business Unit Manitoba Business Unit • Drilling underway on the Quehuincha North • Preliminary results from 2021 winte
Slide 13: Near-Term Catalysts
NEAR-TERM CATALYSTS NUMEROUS ORGANIC GROWTH OPPORTUNITIES EXIST Advance 3rd phase of Snow Lake gold strategy with updated mine plan Q1 2021 Consolidated MANITOBA Results New Britannia gold plant ramp-up and first production Q3 2021 New Britannia copper flotation circuit ramp-up and first productio
Slide 14: For More Information Contact
For More Information Contact: Candace Brûlé Director, Investor Relations 416.814.4387 | candace.brule@hudbay.com