Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q4 2017 Earnings Presentation
11 slides from Hudbay Minerals's earnings presentation, Feb 22, 2018
Slide 1: Q4 2017 Presentation
Q4 2017 PRESENTATION February 22, 2018
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: Cautionary Information
Cautionary Information 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, such as eco
Slide 4: 2017 Year in Review
2017 Year in Review • Consolidated metals production met or exceeded 2017 guidance ranges • Copper production exceeded 2017 guidance • Zinc and precious metals production were within 2017 guidance ranges • 2017 production results achieved with strong safety performance, including zero lost time acci
Slide 5: 2017 Year in Review
2017 Year in Review CONTINUED DEBT REDUCTION AND STRONG CASH FLOW GENERATION • Operating cash flow1 increased 41% from Q4 2016 • Reduced debt balances and improved total liquidity • Reduced net debt position by $462 million during full year 2017 • Total available liquidity of $778 million, including
Slide 6: 2017 Year in Review
2017 Year in Review • Advanced permitting activities at Rosemont, receiving the Final Record of Decision from the U.S. Forest Service in June 2017 • Remaining key federal permit outstanding is the Section 404 Water Permit from the U.S. Army Corps of Engineers • Maintained pipeline of growth opportun
Slide 7: Q4 2017 Consolidated Results
Q4 2017 Consolidated Results • Increased Cu-eq. production quarter-over- Key Results Summary quarter Q4 2017 Q3 2017 Production2 • Consolidated cash cost of $0.77/lb Cu Copper kt 43.2 40.4 Zinc kt 33.1 36.6 • Consolidated all-in sustaining cash cost of $1.49/lb Cu Precious metals3 koz 46.9 42.0 Copp
Slide 8: Peru Operations Review
Peru Operations Review • Copper production increased quarter-over- Peru Summary Operating Statistics quarter because of improved copper head Q4 2017 Q3 2017 grade and copper recoveries Ore mined (million tonnes) 7.2 8.2 • Updated mine plan and reserves by April Ore milled (million tonnes) 7.7 7.8 20
Slide 9: Manitoba Operations Review
Manitoba Operations Review • Production of precious metals was higher Manitoba Summary Operating Statistics than Q3 2017 as a result of increased Q4 2017 Q3 2017 production at Lalor Ore mined (kt) 639 695 Ore milled (kt) 670 671 • Production of all metals in Manitoba for full Copper grade milled 1.5
Slide 10: 2018 Objectives
2018 Objectives Continue to focus on generating free cash flow and increasing net asset value Advance in-house brownfield growth opportunities • Complete Lalor paste plant and ramp up base metal ore throughput from Lalor to 4,500 tonnes per day • Pampacancha • Lalor gold Advance permitting and techn
Slide 11: Q4 2017 Presentation
Q4 2017 PRESENTATION February 22, 2018