Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q1 2017 Earnings Presentation
9 slides from Hudbay Minerals's earnings presentation, May 4, 2017
Slide 1: Q1 2017 Presentation
Q1 2017 PRESENTATION May 4, 2017
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: Q1 2017 Highlights
Q1 2017 Highlights 2017 PRODUCTION AND COST GUIDANCE REITERATED • Generated positive free cash flow and repaid $60 million on revolving credit facilities • Financial results impacted by one-time mill maintenance costs and delays, and timing of late-quarter sales whereby revenue will be recognized up
Slide 5: Q1 2017 Consolidated Results
Q1 2017 Consolidated Results • Consolidated cash cost of $0.88/lb Cu Key Results Summary • Consolidated sustaining cash cost of $1.46/lb Cu Q1 2017 Q4 2016 Production1 • Net loss of $2.3 million, or $0.01 per share Copper kt 34.7 43.8 • Higher gross profit in Q1 enabled us to continue to Zinc kt 30.
Slide 6: Peru Operations Review
Peru Operations Review • Mill throughput affected by scheduled and Peru Summary Operating Statistics unscheduled maintenance Q1 2017 Q4 2016 Ore mined (million tonnes) 7.2 6.2 • Copper recoveries decreased as a result of Ore milled (million tonnes) 6.3 7.2 mixed ore types Copper grade milled 0.54% 0
Slide 7: Manitoba Operations Review
Manitoba Operations Review Manitoba Summary Operating Statistics • Ore milled was lower due to maintenance at Q1 2017 Q4 2016 both mills Ore mined (kt) 688 675 • Increased zinc production as a result of Ore milled (kt) 637 723 higher grades at 777 and Lalor and higher Copper grade milled 1.32% 1.52%
Slide 8: 2017 Objectives
2017 Objectives Continue to focus on operating results to generate free cash flow and further reduce debt Advance high-return in-house opportunities • Lalor zinc / base metal throughput • Pampacancha • Lalor gold Advance permitting activities at Rosemont Continue to evaluate exploration and acquisit
Slide 9: Q1 2017 Presentation
Q1 2017 PRESENTATION May 4, 2017