Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q3 2015 Earnings Presentation
11 slides from Hudbay Minerals's earnings presentation, Nov 6, 2015
Slide 1: Q3 2015 Presentation
Q3 2015 Presentation November 6, 2015 HBM Q3 2015 Presentation
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 an
Slide 5: Growth of Low-Cost Production on Track
Growth of Low-Cost Production on Track Production of all metals increased significantly (Cu 389%, Au 45%, Ag 329% and Zn 7%) Cash costs $0.90/lb, reflecting commercial production at both Constancia and the Lalor shaft Constancia pit Operating cash flow increased 559% y/y on significant increase in s
Slide 6: Improved Financial Results
Improved Financial Results Cash costs benefitting from economies of scale and improved efficiencies 2015 production and cost guidance maintained $000s except cash cost amounts Q3 2015 Q3 2014 Revenue 269,808 170,233 Operating cash flow1,2 79,916 12,124 Cash cost per pound2,3 0.90 0.41 3-Mth Ended Se
Slide 7: Strong Financial Capacity
Strong Financial Capacity Corporate revolving credit facility increased from $300 million to $400 million in August Sales of excess metals inventory is expected to generate approximately $60 million of additional cash flows Operations are free cash flow positive at current metal prices Liquidity 1 (
Slide 8: Constancia Update
Constancia Update Focus on optimization of mine costs and plant performance Copper recoveries plateaued at 80% due to oxide content Combined unit operating costs $7.77/tonne, Flotation cells below guidance range Commissioning of molybdenum flotation circuit expected in Q4 Significant increase in tru
Slide 9: Manitoba Operations Review
Manitoba Operations Review Ore processed was stable y/y; Cu, Zn and Au grades increased due to normal mine sequencing Improvement expected in Q4 metals production and unit operating costs as 777 benefits from mine fleet renewal Loading ore for transportation from Reed to Flin Flon All seven unions h
Slide 10: 2015 Goals
2015 Goals HARVESTING RETURNS Continue to generate free cash flow Optimize production and cost performance at all operations Continue exploration program at Lalor copper-gold zone; Lalor expansion plan expected in 2016 Advance permitting and technical work at Rosemont Q3 2015 Presentation 10
Slide 11: Q3 2015 Presentation
Q3 2015 Presentation November 6, 2015 For more information contact: Jacqueline Allison Director, Investor Relations Tel: 416.814.4387 Email: jacqueline.allison@hudbayminerals.com HBM Q3 2015 Presentation