Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q3 2021 Earnings Presentation
13 slides from Hudbay Minerals's earnings presentation, Nov 4, 2021
Slide 1: Q3 2021 Results Presentation
Q3 2021 RESULTS PRESENTATION November 4, 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: Q3 2021 Consolidated Results
Q3 2021 CONSOLIDATED RESULTS PAMPACANCHA AT STEADY-STATE AND NEW BRITANNIA RAMP-UP DURING THE QUARTER Copper production relatively unchanged KEY RESULTS SUMMARY Q3 2021 Q2 2021 Q3 2020 from Q2 due to higher production in Production1 Manitoba offsetting lower production in Copper kt 23.2 23.5 25.4 Pe
Slide 4: Peru Operations Review
PERU OPERATIONS REVIEW FIRST FULL QUARTER OF PRODUCTION AT PAMPACANCHA SUMMARY OF PERU OPERATING STATISTICS Copper production 5% lower than Q2 due to planned semi-annual mill maintenance Q3 2021 Q2 2021 Q3 2020 shutdown Constancia ore mined (million tonnes)1 6.2 8.0 8.5 Pampacancha ore mined (millio
Slide 5: Pampacancha in Full Production
PAMPACANCHA IN FULL PRODUCTION ACHIEVING TARGETED MINING RATES IN THE PAMPACANCHA PIT Significantly higher gold grades from Pampacancha and record gold recoveries in Q3 Mined 2.1 million tonnes from Pampacancha in Q3, a 109% increase from Q2 On track to achieving increased gold grades in 2021 and hi
Slide 6: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW GOLD PRODUCTION COMMENCED AT THE NEW BRITANNIA MILL SUMMARY OF MANITOBA OPERATING STATISTICS Production of copper, gold and silver increased Q3 2021 Q2 2021 Q3 2020 during Q3, production of zinc decreased Ore mined (kt) 649 612 622 Consistently producing and separating the
Slide 7: New Britannia Fully Commissioned
NEW BRITANNIA FULLY COMMISSIONED FIRST GOLD POUR ACHIEVED & COPPER FLOTATION FACILITY IN OPERATION PERU MANITOBA PIPELINE 7
Slide 8: Flin Flon Reclamation & Tailings Reprocessing
FLIN FLON RECLAMATION & TAILINGS REPROCESSING OPPORTUNITY TO REPROCESS TAILINGS IN FLIN FLON Comprehensive update to Flin Flon closure plans resulted in increased environment provisions in Q3 Provision increased primarily due to long-term water treatment costs, the addition of 22 years to the post-
Slide 9: Advancing Copper World
ADVANCING COPPER WORLD THREE NEW DEPOSITS & EXPANDED PRIVATE LAND PACKAGE Increased private land to total ~4,500 acres to support an operation entirely on private land Found three new deposits (Bolsa, South Limb and North Limb) for a total of seven deposits at Copper World Potential for both copper
Slide 10: Exploration Initiatives
EXPLORATION INITIATIVES SEVERAL OTHER EXPLORATION PROGRAMS UNDERWAY PERU – CONSTANCIA NORTE SNOW LAKE – LALOR NORTH TARGET Ongoing evaluation of underground potential at Constancia Identified promising target immediately north of Lalor; to be Norte supports plans for additional drilling activities i
Slide 11: Growing Production and EBITDA Outlook
GROWING PRODUCTION AND EBITDA OUTLOOK ENTERING A PERIOD OF SIGNIFICANT PRODUCTION AND EBITDA GROWTH Completed period of investment and now at an inflection point in terms of significant copper and gold production growth, leading to over 200% growth in EBITDA Cu1 +46% Au1 +154% (kt) (koz) EBITDA2 ($M
Slide 12: Near-Term Catalysts
NEAR-TERM CATALYSTS NUMEROUS ORGANIC GROWTH OPPORTUNITIES EXIST Advance 3rd phase of Snow Lake gold strategy with updated mine plan ✓ Q1 2021 MANITOBA New Britannia gold plant ramp-up and first production ✓ Q3 2021 New Britannia copper flotation circuit ramp-up and first production ✓ Q4 2021 Prepara
Slide 13: For more information contact
For more information contact: Candace Brûlé Director, Investor Relations 416.814.4387 | candace.brule@hudbay.com