Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — BMO 29th Global Metals & Mining Conference 2020
63 slides from Hudbay Minerals's conference presentation, February 2020
Slide 1: Investor Presentation
I N V E S T O R P R E S E N TAT I O N February 2020
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. Oft
Slide 3: Diversified Mid-Tier Copper Producer
DIVERSIFIED MID-TIER COPPER PRODUCER About Hudbay TSX, NYSE, BVL Symbol HBM Long Life & Mining Friendly Jurisdictions Market Capitalization1 C$1.1 billion Low Cost & Shares Outstanding 261 million Operational Excellence MANITOBA 777 Available Liquidity2 $0.82 billion Lalor Free Cash Flow & 1901 Depo
Slide 4: The Hudbay Advantage
THE HUDBAY ADVANTAGE About Hudbay Long Life & Mining Friendly Long life assets located in mining friendly jurisdictions Jurisdictions Low Cost & Operational Proven track record of operational excellence and low cost mines Excellence Free Cash Flow & Prudent Capital Focused on free cash flow generati
Slide 5: Long Life Assets Located in Mining Friendly Regions
LONG LIFE ASSETS LOCATED IN MINING FRIENDLY REGIONS 1 2 3 About Hudbay Past Production Reserve Life M&I Resource Life Inferred Resource Life 4 Long Life & Rosemont 19 11 1 Mining Friendly Jurisdictions Constancia 4 17 6 1 5 Low Cost & Lalor 7 10 2 9 Operational Excellence 777 15 3.5 0.5 Free Cash Fl
Slide 6: Proven Track Record of Operational Excellence & Low Cost Mines
PROVEN TRACK RECORD OF OPERATIONAL EXCELLENCE & LOW COST MINES About Hudbay • Proven track record of achieving or exceeding copper production guidance every year Long Life & for the past 5 years Mining Friendly Jurisdictions • Hudbay is well-positioned on the cash cost curve Low Cost & Operational •
Slide 7: Leading Operating Cost Performance
LEADING OPERATING COST PERFORMANCE CONSTANCIA ONE OF THE LOWEST COST COPPER MINES IN SOUTH AMERICA About Hudbay • Continuous operational improvements at Constancia have driven costs down, while Long Life & Mining Friendly increasing efficiencies and productivity Jurisdictions Low Cost & LOWEST COST
Slide 8: Focused on Free Cash Flow Generation & Prudent Capital Allocation
FOCUSED ON FREE CASH FLOW GENERATION & PRUDENT CAPITAL ALLOCATION About Hudbay • Generated significant EBITDA and positive free cash flow during the volatile copper price environment over the last several years due to un-hedged production and stable low-cost profile Long Life & Mining Friendly • Pru
Slide 9: World-Class Management Team with Proven Mining Industry Experience
WORLD-CLASS MANAGEMENT TEAM WITH PROVEN MINING INDUSTRY EXPERIENCE About Hudbay DISPROPORTIONATELY TALENTED MANAGEMENT TEAM FOR HUDBAY’S SIZE Long Life & Mining Friendly Jurisdictions PETER KUKIELSKI CASHEL MEAGHER DAVID BRYSON PRESIDENT & CEO SVP & COO SVP & CFO • More than 30 years of sector • Ext
Slide 10: Proven Mining Industry Experience
PROVEN MINING INDUSTRY EXPERIENCE BEST IN CLASS MINE DEVELOPMENT & ADDING VALUE THROUGH EXPLORATION About Hudbay • Constancia’s development and mine ramp- CONSTANCIA (2009-2019)2 Long Life & Maria Reyna, Mining Friendly up was best in class Caballito & Kusiorcco Jurisdictions Production Reserves • H
Slide 11: Strong Environmental, Social & Governance Performance
STRONG ENVIRONMENTAL, SOCIAL & GOVERNANCE (“ESG”) PERFORMANCE About Hudbay INDUSTRY LEADER IN RESPONSIBLE MINING ENVIRONMENT SOCIAL IMPACT HEALTH & SAFETY GOVERNANCE Long Life & Mining Friendly Jurisdictions ü Declining energy and GHG ü Positive impact on ü Constancia has the best ü Board refreshed
Slide 12: Copper-Focused with Diversified Organic Growth Pipeline
COPPER-FOCUSED WITH DIVERSIFIED ORGANIC GROWTH PIPELINE About Hudbay HUDBAY’S REVENUE BREAKDOWN BY TYPE1 • Hudbay’s primary source of revenue is from copper 2% • Hudbay offers diversification from its growing gold Long Life & Mining Friendly exposure 18% Jurisdictions Cu • Strong fundamentals for co
Slide 13: Strategic Vision & Execution of Strategy
STRATEGIC VISION & EXECUTION OF STRATEGY VALUE CREATION About Hudbay • Re-affirmed key elements of strategic vision with Successful Long Life & a focus on copper in mining friendly jurisdictions Exploration Mining Friendly Jurisdictions • Greater focus on capital allocation and risk- adjusted return
Slide 14: Leading Organic Growth Pipeline
LEADING ORGANIC GROWTH PIPELINE HUDBAY HAS BUILT A DIVERSIFIED PORTFOLIO FOCUSED ON COPPER & GOLD GROWTH About Hudbay • Through robust exploration and disciplined M&A, Hudbay has built a diversified portfolio of operating mines Long Life & and an extensive development pipeline Mining Friendly • Hudb
Slide 15: Appendix
APPENDIX
Slide 16: Numerous Organic Growth Opportunities Exist
NUMEROUS ORGANIC GROWTH OPPORTUNITIES EXIST About Hudbay Upgrading Lalor inferred resources to reserves Q1 2020 Long Life & Inferred resource estimate for Lens 17 at Lalor Q1 2020 Mining Friendly Upgrading WIM and New Britannia resources to reserves Q1 2020 MANITOBA Jurisdictions Initial inferred re
Slide 17: Board of Directors
BOARD OF DIRECTORS About Hudbay STEPHEN A. LANG, CHAIR PETER KUKIELSKI, PRESIDENT & CEO Long Life & • Stephen has over 40 years of experience in the • Peter has more than 30 years of experience within Mining Friendly mining industry, including engineering, development the base & precious metals and
Slide 18: Scarcity of Copper Assets
SCARCITY OF COPPER ASSETS • There are very few undeveloped copper projects of scale in Hudbay’s preferred jurisdictions About Hudbay • Hudbay owns 2 of the top 20 greenfield projects in Rosemont and Mason Long Life & Mining Friendly • Many of the remaining projects have material impediments to devel
Slide 19: Per Share Accretion
PER SHARE ACCRETION • Focused on NAV per share and reserve and resource per share accretion About Hudbay Long Life & Mining Friendly Jurisdictions HUDBAY RESERVE GROWTH PER SHARE1 HUDBAY RESOURCE GROWTH PER SHARE1 Low Cost & Manitoba Peru Arizona Other Manitoba Peru Arizona Nevada Other Operational
Slide 20: South America Business Unit
SOUTH AMERICA BUSINESS UNIT MINE About Hudbay TOWN Cusco RAILROAD CUSCO Long Life & ROAD Mining Friendly Jurisdictions Las Bambas Low Cost & Operational Excellence CONSTANCIA PERU Free Cash Flow & Yauri Prudent Capital Tintaya Allocation Antapaccay Experienced Management Lima Team Strong ESG AREQUIP
Slide 21: Constancia Mine
CONSTANCIA MINE LOW-COST, LONG-LIFE COPPER MINE IN PERU About Hudbay • Began production at end of 2014 Location Chumbivilcas, Peru Long Life & Mining Friendly • Developed and maintain meaningful partnerships with Ownership 100% Jurisdictions the local communities Type of deposit Porphyry copper- mol
Slide 22: Constancia Optimization
CONSTANCIA OPTIMIZATION SEEING RESULTS FROM CONTINUOUS OPTIMIZATION INITIATIVES About Hudbay • Increasing throughput and quarterly trend in copper recoveries Long Life & Mining Friendly • Continued integration of an automated, advance process control system Jurisdictions • Flotation improvements – o
Slide 23: Constancia Regional Potential
CONSTANCIA REGIONAL POTENTIAL About Hudbay • Since 2012, executed over 90 social MINERAL PROPERTIES WITHIN TRUCKING DISTANCE OF agreements with local governments CONSTANCIA PROCESSING FACILITY Long Life & and communities, maintaining our Mining Friendly social license to operate 0 5,000 10,000 Juris
Slide 24: Constancia Mine Plan Summary
CONSTANCIA MINE PLAN SUMMARY MINE PLAN SUMMARY About Hudbay Technical report projections shown here assume mining at Pampacancha begins in Q4 2019, whereas mining is not expected to begin until 2020 2019E 2020E 2021E 2022E 2023-2036E LOM Avg.1 Long Life & Ore mined million tonnes 37.7 34.0 27.6 28.6
Slide 25: Maria Reyna Historical Drill Results
MARIA REYNA HISTORICAL DRILL RESULTS A summary of the historical drill results from Maria Reyna is contained in the table below, however a qualified person has not About Hudbay independently verified this historical data or the quality assurance and quality control program that was applied during th
Slide 26: Manitoba Business Unit
MANITOBA BUSINESS UNIT About Hudbay New Britannia Gold Mill 1,500 tpd capacity Long Life & Mining Friendly Snow Lake Jurisdictions Low Cost & Stall Base Metal Mill 3,800 tpd capacity Operational LALOR MINE ~4,500 tpd Excellence Free Cash Flow & Prudent Capital LALOR 777 Allocation 0 5km Experienced
Slide 27: Manitoba Flow Chart - 2019
MANITOBA FLOW CHART - 2019 TWO MINES FEEDING TWO OPERATING MILLS AND ZINC PLANT About Hudbay ORE CONCENTRATE/METAL Long Life & Mining Friendly ~4,000 tpd Jurisdictions d Flin Flon Mill p Low Cost & ~3,000 tpd 00t Copper Operational ,0 Concentrate Excellence ~3 (6,000 tpd capacity) ked 777 Mine ruc F
Slide 28: Manitoba Flow Chart - 2023
MANITOBA FLOW CHART - 2023 ONE MINE FEEDING TWO OPERATING MILLS About Hudbay ORE CONCENTRATE/METAL Long Life & Mining Friendly Care & Maintenance Jurisdictions Flin Flon Mill Low Cost & Copper Operational Reserve Exhausted Concentrate Excellence (6,000 tpd capacity) 777 Mine Free Cash Flow & Zinc Pr
Slide 29: Lalor Mine
LALOR MINE PRODUCING LOW-COST GOLD-ZINC MINE WITH SIGNIFICANT UPSIDE POTENTIAL About Hudbay • Strong ramp-up of ore production; expanded 4,500tpd mine plan Long Life & Mining Friendly • New mine plan more than doubles annual gold production with Jurisdictions the refurbishment of New Britannia gold
Slide 30: Lalor In-House Discovery & Development
LALOR IN-HOUSE DISCOVERY & DEVELOPMENT 2007 2009 2012-2014 2015 About Hudbay DISCOVERY DEVELOPMENT INITIAL PRODUCTION NEW BRITANNIA MILL Long Life & • Initial discovery hole drilled • Construction commenced on • Phase 1 completed in 2012; • Acquired the nearby New Mining Friendly Phase 1 ramp access
Slide 31: Lalor Becomes a Meaningful Low-Cost Gold Mine
LALOR BECOMES A MEANINGFUL LOW-COST GOLD MINE • Lalor is well positioned with expected future production of 140,000 oz Au p.a. at sustaining cash About Hudbay costs of $450/oz starting in 2022 GOLD PRODUCTION1 (K OZ) 697 Long Life & 621 Mining Friendly 376 344 342 276 259 249 240 227 205 180 171 163
Slide 32: Snow Lake Reserves and Resources
SNOW LAKE RESERVES AND RESOURCES About Hudbay • Over 4 million tonnes of indicated and 13 million tonnes of inferred material within trucking distance of Stall and New Britannia could provide additional mill feed Long Life & Mining Friendly Jurisdictions RESERVES AND RESOURCES IN THE SNOW LAKE CAMP
Slide 33: Snow Lake Mine Life Extension - Lalor
SNOW LAKE MINE LIFE EXTENSION - LALOR HIGH RESOURCE-TO-RESERVE CONVERSION POTENTIAL About Hudbay • Proven and probable reserves mine plan provides 10-year mine life Long Life & Mining Friendly • Inferred resources estimation methodology expected to lead to higher resource to Jurisdictions reserve co
Slide 34: Snow Lake Leveraging Existing Infrastructure
SNOW LAKE LEVERAGING EXISTING INFRASTRUCTURE About Hudbay • Future spare capacity at both the Stall and New Britannia mills creates opportunity to process tonnes from nearby satellites and in-mine exploration Long Life & Mining Friendly LALOR BASE METAL ORE1 (TONNES PER DAY) Jurisdictions 5,000 Exce
Slide 35: Snow Lake Regional Potential
SNOW LAKE REGIONAL POTENTIAL HUDBAY HAS A LARGE PROSPECTIVE LAND PACKAGE IN THE SNOW LAKE BELT About Hudbay WITH SIGNIFICANT GOLD EXPLORATION POTENTIAL Long Life & PROVEN & PROBABLE RESERVES Mining Friendly Contained Gold Contained Gold Eq1 Jurisdictions (koz) (koz) Lalor- Base Metal Zone 1020 2533
Slide 36: Lalor Mine Plan Summary
LALOR MINE PLAN SUMMARY MINE PLAN SUMMARY About Hudbay 2019E 2020E 2021E 2022E 2023E 2024E 2025E 2026E LOM Total1 BASE METAL ORE Long Life & Ore mined 000 tonnes 1,589 1,481 1,559 1,135 1,251 1,144 894 612 10,844 Mining Friendly Jurisdictions Ore mined tpd 4,353 4,057 4,271 3,110 3,428 3,134 2,449 1
Slide 37: Lalor Mine Plan Summary (Cont'd)
LALOR MINE PLAN SUMMARY (CONT’D) PRODUCTION AND CAPEX SUMMARY About Hudbay 2019E 2020E 2021E 2022E 2023E 2024E 2025E 2026E LOM Total1 Long Life & PRODUCTION2 Mining Friendly Zinc 000 tonnes 79 88 89 63 70 64 32 18 552 Jurisdictions Copper 000 tonnes 8 8 9 10 10 15 11 4 83 Low Cost & Gold 000 ounces
Slide 38: Lalor Mine Plan Summary (Cont'd)
LALOR MINE PLAN SUMMARY (CONT’D) CASH COSTS SUMMARY About Hudbay 2019E 2020E 2021E 2022E 2023E 2024E 2025E 2026E LOM Avg.1 Long Life & ZINC BASIS Mining Friendly Cash Costs US$/lb $0.61 $0.73 $0.55 ($0.05) $0.03 ($0.18) ($1.21) ($0.87) $0.09 Jurisdictions Sustaining Cash Costs US$/lb $1.04 $1.14 $0.
Slide 39: Lalor In-Mine Exploration
LALOR IN-MINE EXPLORATION LENS 17 CU-AU RICH LENS NOT IN CURRENT RESOURCE ESTIMATES About Hudbay • Lens 17 is Cu-Au rich analog to Lens 27 identified based on 7 surface holes. 2019 drilling: Long Life & Mining Friendly • Phase 1 to confirm upper portion in Q2 2019 Jurisdictions • Phase 2: Potential
Slide 40: Snow Lake Regional Potential - 1901 Deposit
SNOW LAKE REGIONAL POTENTIAL - 1901 DEPOSIT POTENTIAL FOR INCREMENTAL PRODUCTION IN SNOW LAKE About Hudbay • Located near existing infrastructure and is 100% Long Life & Mining Friendly owned by Hudbay Jurisdictions • Initial resource estimate 6 months from discovery Low Cost & in February 2019 Oper
Slide 41: Snow Lake Regional Potential - 1901 Deposit
SNOW LAKE REGIONAL POTENTIAL - 1901 DEPOSIT SIGNIFICANT GOLD MINERALIZATION NOT YET IN RESOURCE ESTIMATE About Hudbay Long Life & • Drilling in the 1901 deposit has also Mining Friendly Jurisdictions identified several high-grade gold and copper-gold zones Low Cost & Operational Excellence • Drillin
Slide 42: 777 Mine
777 MINE STEADY, LOW-COST PRODUCTION About Hudbay • Maximizing cash flow to end of mine life Long Life & Mining Friendly • Plan to keep processing assets on care and maintenance Jurisdictions after mine closure to maintain regional optionality Low Cost & Location Flin Flon, Manitoba Operational Exce
Slide 43: Manitoba Optimization
MANITOBA OPTIMIZATION BENEFITS OF IMPROVEMENT INITIATIVES About Hudbay • Continued high tonnage out of 777 due to implementation of management systems Long Life & Mining Friendly Jurisdictions • Combined unit costs stabilizing at a lower level following the ramp-up of Lalor in H1 2019 Low Cost & Ope
Slide 44: Manitoba Regional Mines and Discoveries
MANITOBA REGIONAL MINES AND DISCOVERIES About Hudbay • Hudbay has a long history of delivering additional tonnage beyond the initial reserves in the Flin Flon and Snow Lake VMS camps Long Life & Mining Friendly Jurisdictions RESERVES IN THE FLIN FLON AND SNOW LAKE CAMP (MILLION TONNES) Flin Flon 62.
Slide 45: Arizona Business Unit
ARIZONA BUSINESS UNIT About Hudbay Long Life & Mining Friendly Miami Jurisdictions Pinto Valley Phoenix Resolution Low Cost & Operational ARIZONA, US Ray Morenci Excellence Florence Safford Free Cash Flow & Prudent Capital Allocation Experienced Management Team Silver Bell Strong ESG Phoenix Tucson
Slide 46: Rosemont Project
ROSEMONT PROJECT HIGH-QUALITY PROJECT WITH WELL-ESTABLISHED INFRASTRUCTURE About Hudbay • 19-year mine life generating 15.5% after-tax unlevered project IRR at Location Tucson, Arizona $3.00/lb Cu Long Life & Copper-molybdenum Mining Friendly • Years 1-10 avg. annual production of 127,000 metric ton
Slide 47: Rosemont Positioning
ROSEMONT POSITIONING ROSEMONT ECONOMICS1 About Hudbay • Strong project returns at $3.00/lb Cu and After-Tax NPV8% (US$M) Unlevered IRR (%) significant leverage to the copper price Long Life & $1,448 Mining Friendly Jurisdictions • Further upside to base case returns due to $1,115 21.2% ongoing proje
Slide 48: Rosemont Project History
ROSEMONT PROJECT HISTORY 2007 & 2008 2009 2010 2011 2012 2013 About Hudbay Mine Plan of Operations filed Arizona State Mine Inspector, Mine Safety and Health EPA Hazardous Waste ADEQ Aquifer Protection ADEQ Class II Air Permit Long Life & with U.S. Forest Service (July Arizona Mined Land Administrat
Slide 49: Mason Project
MASON PROJECT MASON – NEVADA, USA About Hudbay • Hudbay acquired the Mason property in December 2018 Long Life & Mining Friendly • Mason is located approximately 85km southeast of Elko Jurisdictions Reno, Nevada in the prolific Yerington Copper District Reno • Close to the former producing Yerington
Slide 50: Rosemont Mine Plan Summary
ROSEMONT MINE PLAN SUMMARY MINE PLAN SUMMARY About Hudbay Units Year 1- 10 Avg. Year 11- 19 Avg. LOM Avg. / Total Total material moved1 million tons 132 47 1,747 Long Life & Mining Friendly Strip ratio waste:ore 2.5 1.0 2.0 Jurisdictions Ore milled million tons 32 30 592 Copper grade milled2 % Cu 0.
Slide 51: 2020 Guidance
2020 GUIDANCE PRODUCTION AND UNIT COST About Hudbay CONTAINED METAL IN CONCENTRATE1 2020 GUIDANCE 2019 ACTUAL 2019 GUIDANCE Long Life & Mining Friendly MANITOBA Jurisdictions Copper tonnes 18,000 – 22,000 23,354 22,000 – 25,000 Low Cost & Zinc tonnes 105,000 – 125,000 119,106 100,000 – 115,000 Opera
Slide 52: 3-Year Production Outlook
3-YEAR PRODUCTION OUTLOOK GROWING COPPER AND GOLD PRODUCTION About Hudbay Long Life & Mining Friendly CONTAINED METAL IN CONCENTRATE1 2020 GUIDANCE 2021 GUIDANCE 2022 GUIDANCE Jurisdictions MANITOBA2 Low Cost & Copper tonnes 18,000 – 22,000 19,000 – 23,000 13,000 – 15,000 Operational Zinc tonnes 105
Slide 53: 2020 Guidance
2020 GUIDANCE CAPITAL EXPENDITURES1 About Hudbay $ MILLIONS 2020 GUIDANCE 2019 ACTUAL 2019 GUIDANCE SUSTAINING CAPITAL Long Life & Manitoba2 100 126.3 100 Mining Friendly Jurisdictions Peru3 100 84.9 95 TOTAL SUSTAINING CAPITAL 200 211.2 195 Low Cost & GROWTH CAPITAL Operational Excellence Manitoba
Slide 54: Peru Mineral Reserves
PERU MINERAL RESERVES AS AT JANUARY 1, 2019 About Hudbay Long Life & Mining Friendly CATEGORY TONNES Cu (%) Mo (g/t) Ag (g/t) Au (g/t) Jurisdictions CONSTANCIA Low Cost & Operational Proven 421,800,000 0.30 94 2.87 0.035 Excellence Probable 72,000,000 0.23 72 3.06 0.035 Free Cash Flow & Prudent Capi
Slide 55: Peru Mineral Resources
PERU MINERAL RESOURCES AS AT JANUARY 1, 2019 About Hudbay Long Life & CATEGORY TONNES Cu (%) Mo (g/t) Ag (g/t) Au (g/t) Mining Friendly Jurisdictions CONSTANCIA Low Cost & Operational Measured 169,400,000 0.18 50 2.19 0.028 Excellence Indicated 180,500,000 0.20 56 2.16 0.034 Free Cash Flow & Prudent
Slide 56: Snow Lake Reserves & Resources
SNOW LAKE RESERVES & RESOURCES AS AT JANUARY 1, 20191 About Hudbay Long Life & Mining Friendly PROPERTY CATEGORY TONNES Cu (%) Zn (%) Au (g/t) Ag (g/t) Jurisdictions Proven 5,137,000 0.76 7.13 2.37 26.31 Base Metal Zone Low Cost & Probable 5,552,000 0.44 4.19 3.52 27.39 Operational Proven 58,000 0.8
Slide 57: Flin Flon Reserves & Resources
FLIN FLON RESERVES & RESOURCES AS AT JANUARY 1, 2019 About Hudbay Long Life & PROPERTY CATEGORY TONNES Cu (%) Zn (%) Au (g/t) Ag (g/t) Mining Friendly Jurisdictions Proven 2,169,000 1.80 4.44 1.77 26.45 777 Reserves Low Cost & Probable 1,384,000 0.97 3.75 2.03 21.65 Operational Excellence Total 777
Slide 58: Rosemont Reserves & Resources
ROSEMONT RESERVES & RESOURCES AS AT JANUARY 1, 2019 About Hudbay Long Life & MINERAL RESERVES1 Mining Friendly Jurisdictions CATEGORY TONNES Cu (%) Mo (%) Ag (g/t) Proven 426,100,000 0.48 0.012 4.96 Low Cost & Operational Probable 111,000,000 0.31 0.010 3.09 Excellence Total 2P Reserves 537,100,000
Slide 59: Mason Reserves & Resources
MASON RESERVES & RESOURCES AS AT MARCH 3, 2017 About Hudbay Long Life & PROJECT RESOURCE ESTIMATES Mining Friendly Jurisdictions CATEGORY TONNES Cu (%) Au (g/t) Ag (g/t) Mo (%) Low Cost & Measured & Indicated 1,400,000,000 0.32 0.03 0.65 0.006 Operational Excellence Inferred 623,000,000 0.29 0.03 0.
Slide 60: Additional Information
ADDITIONAL INFORMATION About Hudbay 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 Standards Long
Slide 61: Additional Information – Lens 17
ADDITIONAL INFORMATION – LENS 17 DRILL RESULTS About Hudbay Hole ID From (m) To (m) Intercept (m) Depth (m) Estimated true width (m)1 Cu (%)2 Au (g/t)2 Long Life & 189W01 1197.0 1205.0 8.0 1154 7.1 0.1 9.3 Mining Friendly 193W01 1041.2 1046.5 5.4 1028 4.1 1.1 2.8 Jurisdictions 267W01 1120.8 1127.2 6
Slide 62: Additional Information – Zone 1901
ADDITIONAL INFORMATION – ZONE 1901 SUPPLEMENTAL INFORMATION TO THE ZONE 1901 DRILL RESULTS About Hudbay From (m) To (m) Azimuth at Dip at Long Life & Hole ID Easting Northing Elevation Easting Northing Elevation Intercept Intercept Mining Friendly CH1916 427067 6078909 -270 427068 6078909 -278 087 -
Slide 63: For More Information Contact
For More Information Contact: Candace Brûlé, Director, Investor Relations 416.814.4387 | candace.brule@hudbay.com
Hudbay Minerals — BMO 29th Global Metals & Mining Conference 2020 on 6ix