Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q2 2013 Earnings Presentation
15 slides from Hudbay Minerals's earnings presentation, Aug 1, 2013
Slide 1: Q2 2013 Presentation
Q2 2013 Presentation August 1, 2013
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 SEC Industry Guide 7. Under Securities and Exchange Commission (the “SEC”) Industry
Slide 4: Q2 2013 Summary
Q2 2013 Summary > Steady production from 777 and good start at Lalor; on track to achieve operating targets for the 7th consecutive year > Lalor and Reed mines nearing completion on time and on budget > Constancia achieves detailed engineering and construction milestones of 90% and 40%, respectively
Slide 5: Project Highlights
Project Highlights Lalor > Completed 910 metre level and 955 load out facility as underground development progresses well > Main production shaft at 882 metres or 90% complete as mine remains on time and on budget Reed > Underground ramp progressing well > Project remains on time and on budget Const
Slide 6: Financial Results
Financial Results Three Months Ended June 30 Six Months Ended June 30 ($000s except per share amounts) 2013 2012 2013 2012 Revenue 130,659 189,858 250,540 376,896 (Loss) profit before tax (39,883) 650 (31,960) 17,619 Loss for the period (52,686) (29,606) (50,779) (26,252) Operating cash flow1 (10,65
Slide 7: Steady Production
Steady Production Three Months Ended Six Months Ended Guidance Manitoba contained metal in concentrate June 30, 2013 June 30, 2013 2013 Copper tonnes 6,981 14,624 33–38,000 Zinc tonnes 23,591 41,801 85–100,000 Precious Metals1 troy oz. 22,790 44,424 85–105,000 Unit Operating Costs 777 $/tonne 41.03
Slide 8: Lalor
Lalor > $365 million of the overall $794 million capital costs invested to June 30, 2013; entered into additional $63 million in commitments > $9 million investment at Snow Lake concentrator expected to double production capacity to 2,700 tonnes per day and enable deferral of new Lalor concentrator
Slide 9: Lalor
Lalor Production shaft sinking expected to be completed in late 2013 Surface 0m Production shaft Vent raise 500m 882m / shaft depth1 750m 2014 Exploration platform 1000m 1500m Base Metal Resource Gold & Copper-Gold Resource Looking 0m 250m High Grade Intercepts N70oW 1 As at July 30, 2013 INVESTOR P
Slide 10: Reed Copper Project
Reed Copper Project MANITOBA > $47 million invested and entered Reed into additional $10 million in commitments to June 30, 2013 Winnipeg > Underground ramp advanced ~819 metres as of June 30, 2013 > Nearly 500 days without lost time accident > Project remains on time and on budget Ownership 70% Pro
Slide 11: Constancia
Constancia > US$658 million incurred and entered into additional US$455 million in PERU commitments to June 30, 2013 > Construction is 40% complete and Lima detailed engineering is 90% complete Constancia > Preliminary results from re-estimation of project capital costs of ~15%, of which one half wo
Slide 12: Constancia Construction Progress
Constancia Construction Progress Ball mill shells on site Reclaim tunnels Tailings Management Facility foundations Road widening – Constancia to Corporaque Q2 2013 l 12
Slide 13: Constancia Construction Progress
Constancia Construction Progress Primary crusher Main crusher sediment pond Tailings thickener tunnel North and south mill foundations Q2 2013 l 13
Slide 14: Balance Sheet
Balance Sheet As at June 30, 2013 (millions)3 Cash and cash equivalents $1,077 Remaining stream agreement $125 payment Canadian income taxes and $100 Peruvian value-added taxes1 Credit facility and committed $150 Caterpillar Financial financing2 Total Available Liquidity: $1.5 billion Shares Outstan
Slide 15: Q2 2013 Presentation
Q2 2013 Presentation August 1, 2013