Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q1 2016 Earnings Presentation
11 slides from Hudbay Minerals's earnings presentation, Apr 29, 2016
Slide 1: Q1 2016 Presentation
Q1 2016 PRESENTATION | APRIL 29, 2016 HBM
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 mine has been approved by Cashel Meagher, P. Geo, Hudbay’s Senior Vice President and Chief Operating Officer. The technical and scientific information related to all other sites
Slide 5: Q1 2016 Summary
Q1 2016 Summary Over 150% growth in copper production volume, and nearly doubled revenues to $253.6 million from Q1 2015 Consolidated cash cost of $1.15/lb, down from $1.44/lb last year Consolidated all-in sustaining cash cost of $1.80/lb, down from $2.67/lb last year Operating cash flow increased t
Slide 6: Liquidity Position
Liquidity Position Liquidity expected to increase at current metals prices with free cash flow from operations, savings from cost reduction initiatives and Peruvian IGV sales tax refunds Total Liquidity as at March 31, 2016 $ million Cash and cash equivalents $85.7 Availability under Canada Facility
Slide 7: Peru Operations Review
Peru Operations Review Peru Summary Operating Statistics Ore milled was lower due to lower mill Q1 2016 Q4 2015 capacity during trunnion replacement Ore mined (million tonnes) 6.8 8.2 Ore milled (million tonnes) 6.2 7.4 Trunnion replacement completed ahead of Copper grade milled 0.57% 0.63% schedule
Slide 8: Manitoba Operations Review
Manitoba Operations Review Manitoba Summary Operating Statistics Q1 2016 Q1 2015 Ore mined (kt) 731 652 Ore mined grew by 12% because of Ore milled (kt) 686 639 increased production at Lalor and 777, compared to Q1 2015 Copper grade milled 1.57% 1.89% Zinc grade milled 3.91% 4.10% Cash cost, net of
Slide 9: 2016 Objectives
2016 Objectives Strengthen liquidity position by identifying cost savings and deferring debt repayments Arrange more flexible financial covenants on credit facilities Achieve capital and operating cost efficiencies to maximize free cash flow Deliver low-cost production growth in copper, zinc and
Slide 10: Uniquely Positioned
Uniquely Positioned Downside protection with low-cost assets in low-risk jurisdictions Strong leverage to eventual copper price recovery Best-in-class growth potential Lalor gold Pampacancha Rosemont Q1 2016 PRESENTATION | 10
Slide 11: Q1 2016 Presentation
Q1 2016 PRESENTATION | APRIL 29, 2016 HBM