Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Investor Presentation (September 2021)
21 slides from Hudbay Minerals's investor presentation, Sep 28, 2021
Slide 1: Copper World Virtual Presentation
COPPER WORLD VIRTUAL PRESENTATION September 28, 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: Agenda
AGENDA CASHEL MEAGHER OLIVIER TAVCHANDJIAN SVP & COO VP EXPL. & GEOLOGY Hudbay Overview / Exploration Brief – Cashel Meagher Brief overview of Hudbay’s assets and exploration opportunities Copper World Project – Cashel Meagher & Olivier Tavchandjian Detailed review of Copper World location on privat
Slide 4: Hudbay
H' DBAY
Slide 5: Diversified Mid-Tier Copper Producer
REVENUE BY METAL 2021E1 2022E1 DIVERSIFIED MID-TIER 2% 9% 2% COPPER PRODUCER 17% Cu Au 4% 5% $1.6B Ag $1.8B 60% Copper represents 55% Zn 25% approximately 60% of Hudbay’s 21% Mo revenues Existing operations offer significant near-term growth in ANNUAL COPPER PRODUCTION2 copper production 000 tonnes
Slide 6: Overview of Hudbay Copper World Project
Peru Constancia Exploration Properties 100% ownership Maria Reyna Open pit copper/molybdenum mine and concentrator Caballito Kusiorcco Pampacancha Llaguen 100% ownership Open pit copper/gold mine Saskatchewan Canada Exploration Manitoba Lalor Lalor Exploration Properties 777 100% ownership 1901 Expl
Slide 7: Hudbay Copper Growth
HUDBAY COPPER GROWTH INCREASED COPPER RESOURCES & ATTRACTIVE COPPER PRODUCTION GROWTH Increased copper-equivalent resources per share by more than 2.5x over the past 10 years and copper production per share is expected to increase by 36% by 2023 COPPER RESOURCES PER SHARE1 COPPER PRODUCTION PER SHAR
Slide 8: Significantly Adding Value Through Exploration
SIGNIFICANTLY ADDING VALUE THROUGH EXPLORATION CONSANCIA COPPER PRODUCTION PROFILE1 Contained Copper in Concentrate (kt) Production - Norsemont 2011 Technical Report Production - Actuals and 2021 Technical Report Caballito, Kusiorcco +112% growth in reserves & Maria Reyna 135 133 128 122 122 117 114
Slide 9: Hudbay
H' DBAY
Slide 10: Arizona Business Unit
ARIZONA BUSINESS UNIT Miami Pinto Valley Phoenix Resolution ARIZONA, US Ray Morenci Florence Safford MINE TOWN RAIL ROAD Silver Bell Phoenix Tucson Tucson Gunnison Mission ROSEMONT & COPPER WORLD Sierrita COPPER WORLD ROSEMONT United States Economic Risk Business Political Risk Commercial Risk Finan
Slide 11: Rosemont Project Copper Production
19 YEARS CU-MO-AG $1.9B ROSEMONT PROJECT MINE LIFE PORPHYRY DEPOSIT CAPEX $769M / 15.5% 127kt $1.14/lb NPV / IRR FIRST 10-YEARS CU FIRST 10-YEARS CU PRODUCTION1 CASH COST1 COPPER PRODUCTION PROFILE Copper Production (kt in con) 180 $4.00 147 148 Copper Production Copper C1 Cash Costs 134 133 137 128
Slide 12: Copper World Project
COPPER WORLD PROJECT SIGNIFICANT NEW DISCOVERY ADJACENT TO ROSEMONT Located on private patented mining claims in a historical mining district; 2020 & 2021 exploration work identified 7 deposits as a potential viable open pit operation separate or additive to Rosemont Potential for economic copper su
Slide 13: Copper World Project: Expanded Private Land Package
COPPER WORLD PROJECT EXPANDED PRIVATE LAND PACKAGE TO SUPPORT AN OPERATION ENTIRELY ON PRIVATE LAND Increased private land to the west, which together with patented mining claims, now totals ~4,500 acres to support an operation entirely on private land Review suggests the potential for both copper s
Slide 14: Copper World Project: Mineralization Closer to Surface
COPPER WORLD PROJECT MINERALIZATION CLOSER TO SURFACE THAN ROSEMONT & FURTHER EXPLORATION POTENTIAL EXISTS Mineralization occurs at depths much shallower than Rosemont, indicating possibility of lower strip ratios at Copper World Potential for continuity between Bolsa and Rosemont Three new holes on
Slide 15: Recent Global Copper Discoveries
RECENT GLOBAL COPPER DISCOVERIES IN A TIME WHERE EVERYONE IS LOOKING FOR COPPER, COPPER WORLD IS ONE OF THE TOP COPPER DISCOVERIES IN THE PAST DECADE Tatogga Discovery Copper World Warintza Marimaca Cascabel Saddle North Arizona, USA Morona Santiago, Ecuador BC, Canada Antofagasta, Chile Imbabura, E
Slide 16: 3D Visualization of Copper World
3D VISUALIZATION OF COPPER WORLD Please refer to accompanying VRIFY 3D presentation for Copper World OVERVIEW OF HUDBAY COPPER WORLD PROJECT 16
Slide 17: Slide 17
Slide 18: World-Class Management Team
WORLD-CLASS PETER KUKIELSKI PRESIDENT & CEO MANAGEMENT TEAM More than 30 years of sector experience in base metals, PROVEN MINING INDUSTRY EXPERIENCE precious metals and bulk materials across the globe CASHEL MEAGHER STEVE DOUGLAS EUGENE LEI SVP & COO SVP & CFO SVP CORP. DEV. & STRATEGY Extensive ba
Slide 19: Rosemont Reserves & Resources
ROSEMONT RESERVES & RESOURCES (AS AT JANUARY 1, 2021) PROPERTY CATEGORY TONNES Cu (%) Mo (%) Ag (g/t) Proven 426,100,000 0.48 0.012 4.96 Rosemont Reserves Probable 111,000,000 0.31 0.010 3.09 TOTAL ROSEMONT PROVEN AND PROBABLE 537,100,000 0.45 0.012 4.58 Measured 161,300,000 0.38 0.009 2.72 Rosemont
Slide 20: Additional Reserves & Resources Information
ADDITIONAL RESERVES & RESOURCES INFORMATION The reserve and resource estimates included in this presentation were prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum Standar
Slide 21: For more information contact
For more information contact: Candace Brûlé Director, Investor Relations 416.814.4387 | candace.brule@hudbay.com
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