Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q3 2013 Earnings Presentation
14 slides from Hudbay Minerals's earnings presentation, Nov 11, 2013
Slide 1: Q3 2013 Presentation
Q3 2013 Presentation November 11, 2013 HBM
Slide 2: Forward-looking Information
Forward-looking 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, othe
Slide 3: Note to U.S. Investors
Note to U.S. Investors Information concerning Hudbay’s mineral properties has been prepared in accordance with the requirements of Canadian securities laws, which differ in material respects from the requirements of the Securities and Exchange Commission (“SEC”) Industry Guide 7. Under SEC Industry
Slide 4: Growth Project Highlights
Growth Project Highlights Lalor > Sinking of main production shaft substantially complete > Constructed station development at 955 metre level and reached shaft bottom access on 985 metre level Reed > Received Environment Act Licence > Commenced initial production > Initial ore batch milled in Septe
Slide 5: Financial Results
Financial Results Three Months Ended Sept. 30 Nine Months Ended Sept. 30 ($000s except per share amounts) 2013 2012 2013 2012 Revenue 130,179 144,659 380,720 521,555 Profit (loss) before tax 9,650 6,254 (22,310) 23,873 Profit (loss) for the period 2,985 (5,354) (47,794) (31,606) Operating cash flow1
Slide 6: Production Profile
Production Profile Three Months Ended Nine Months Ended Guidance Manitoba contained metal in concentrate Sept. 30, 2013 Sept. 30, 2013 2013 Copper tonnes 7,972 22,596 33–38,000 Zinc tonnes 24,816 66,617 85–100,000 Precious Metals1 troy oz. 26,631 70,784 85–105,000 Unit Operating Costs 777 $/tonne 35
Slide 7: Lalor
Lalor MANITOBA > $371 million of overall $441 million1 capital Lalor costs invested to Oct. 31, 2013; entered into additional $40 million in commitments Winnipeg > Increase in Snow Lake concentrator production capacity expected to be completed by mid- 2014, in conjunction with commissioning of produ
Slide 8: Lalor
Lalor Production shaft commissioning expected in the second half of 2014 Surface 0m Production shaft Vent raise 500m 750m 2014 Exploration platform 1000m 1500m Base Metal Resource Gold & Copper-Gold Resource Looking 0m 250m High Grade Intercepts N70oW Completed infrastructure and development Q3 2013
Slide 9: Reed
Reed MANITOBA > $59 million invested and entered into Reed additional $7 million in commitments to Oct. 31, 2013 Winnipeg > Received Environment Act Licence and began initial production > Project remains on track to reach full production of approximately 1,300 tonnes per day in H1 2014 > Over 570 da
Slide 10: Constancia Project
Constancia Project PERU > US$872 million incurred and entered into additional US$336 million in Lima commitments to Oct. 31, Constancia 2013 > Results from completion of revised definitive capital cost estimate indicate total costs Tailings thickener (left) installed ball mills (right) Constancia pl
Slide 11: Constancia Construction Progress
Constancia Construction Progress Waste rock facility containment pond and grout curtain preparation Constancia bog dam East tailings dam of tailings management facility Setting the ball mill shells Q3 2013 l 11
Slide 12: Constancia Construction Progress
Constancia Construction Progress Primary crusher and retaining wall Mine fleet assembly Hitachi shovels on site Main Constancia sediment pond Q3 2013 l 12
Slide 13: Balance Sheet
Balance Sheet Pro-forma as at September 30, 2013 (in millions)1 Sources Uses (through 2014) Cash and cash equivalents $792.5 Lalor $73 Remaining stream agreement payments $260 Reed $16 Canadian income taxes and Peruvian value-added taxes2 $100 Constancia $900 Credit facility and committed Caterpilla
Slide 14: Q3 2013 Presentation
Q3 2013 Presentation November 11, 2013 HBM