Slide 1: Constancia Site Visit Presentation
CONSTANCIA SITE VISIT PRESENTATION September 28, 2023
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: Introduction
INTRODUCTION 3
Slide 4: Hudbay Corporate Participants
HUDBAY CORPORATE PARTICIPANTS Peter Kukielski Eugene Lei Andre Lauzon President & CEO CFO COO Olivier Tavchandjian Mark Gupta Senior Vice Candace Brûlé Vice President, Vice President, President, Corporate Exploration & Investor Relations Development Technical Services Javier Toro Sara Pearson Vice P
Slide 5: Hudbay Peru Participants
HUDBAY PERU PARTICIPANTS Javier Del Río Senior Vice Luis President, South Santivañez America and USA General Manager Javier Escudero Director, Marcial Medina Augusto Montjoy Business Manager, Manager, Mining & Development and Process Plant & HCW Sustainability Projects Engels Trejo John Cederberg Ju
Slide 6: Wheaton Site Tour Participants
WHEATON SITE TOUR PARTICIPANTS Randy Smallwood Gary Brown Patrick Drouin President & CEO Senior Vice President Senior Vice President Finance & CFO Sustainability & Investor Relations Wes Carson Emma Murray Vice President, Director, Investor Mining Operations Relations 6
Slide 7: Hudbay – Diversified Mid-Tier Copper Producer
HUDBAY – DIVERSIFIED MID-TIER COPPER PRODUCER ANNUAL COPPER PRODUCTION & CASH COSTS1,2 REVENUE AND RESOURCES BY METAL Copper Mountain* Revenue3 Resources4 4% 1% 6% Consolidated Copper Cash 4% Production (000 tonnes) $0.83 $0.86 15% Consolidated Copper $0.74 $0.60 8% Costs (US$/lb) 2% Cu Au 17.8 Mt $
Slide 8: Strong Operating Platform in Tier 1 Jurisdictions
STRONG OPERATING PLATFORM IN TIER 1 JURISDICTIONS COPPER MOUNTAIN MASON Operating Mine Development Project +25 year mine life +25 year mine life Open pit Open pit 42kt annual Cu production 112kt annual Cu production British Columbia, Canada Cu Au Ag Nevada, USA Cu Mo Au Ag SNOW LAKE COPPER WORLD Ope
Slide 9: Hudbay Attractive Copper Positioning
HUDBAY ATTRACTIVE COPPER POSITIONING SIGNIFICANT COPPER PRODUCTION AT FIRST QUARTILE CASH COSTS MEANINGFUL COPPER PRODUCTION LEADING LOW-COST PROFILE 2023E COPPER PRODUCTION1 2023E COPPER AISC2 287 165 131 59 46 34 23 LUN CS HBM TKO ERO NEXA 29M Well-positioned versus peers with meaningful copper pr
Slide 10: Hudbay Leading Copper Exposure
HUDBAY LEADING COPPER EXPOSURE MEANINGFUL PRODUCTION GROWTH EXPECTED TO GENERATE SIGNIFICANT NEAR-TERM FREE CASH FLOW TO UNLOCK LEADING ORGANIC COPPER GROWTH PIPELINE HIGHEST COPPER NAV SENSITIVITY VERSUS PEERS1 SIGNIFICANT GROWTH IN COPPER RESOURCES PER SHARE2 (NAV SENSITIVITY TO 10% CHANGE IN COPP
Slide 11: Wheaton Precious Metals
WHEATON PRECIOUS METALS A MODEL DESIGNED TO BENEFIT ALL STAKEHOLDERS Our Vision To be the world’s premier precious metals investment vehicle. Our Mandate To deliver value through streaming to all our stakeholders: . To our Shareholders, To our Partners, To our Neighbours, by delivering low risk, hig
Slide 12: Wheaton's Streaming Advantage
WHEATON’S STREAMING ADVANTAGE THE SUSTAINABLE OPTION FOR PRECIOUS METAL INVESTING EXPLORATION & HIGH QUALITY ASSETS EXPANSION UPSIDE Ninety-three percent of Wheaton’s current High-margin assets receive the benefit from production comes from high-margin mines mine exploration and expansion activities
Slide 13: The Wheaton Advantage: Elevating the Streaming Model
WHEATON PRECIOUS METALS THE WHEATON ADVANTAGE: ELEVATING THE STREAMING MODEL High-Quality, Long-Life Significant Organic Growth Estimated organic 93% Of production from assets in the lowest half of the 30 Of mine life based on P&P reserves 40% growth over next five years from key assets including co
Slide 14: High Quality Asset Base
HIGH QUALITY ASSET BASE DIVERSIFIED PORTFOLIO OF HIGH-QUALITY ASSETS Operating Mines (19) Development Projects (13) Partners: Goose Vale Kutcho Zinkgruvan Glencore Voisey’s Bay Newmont Blackwater Sudbury Barrick Marathon Coleman Lundin Stillwater Copper Cliff Aljustrel B2Gold East Boulder Creighton
Slide 15: Precious Metals Streaming
PRECIOUS METALS STREAMING THE BENEFITS TO THE PARTNER MINING COMPANY Stream Debt Equity Non-dilutive form of funding ü ü Initial value creation for both parties ü Improves project IRR ü Crystalize future production of mining partner ü Contractual relationship means support & flexibility ü Endorses t
Slide 16: Constancia Stream Highlights
CONSTANCIA STREAM HIGHLIGHTS Operator / Partner Hudbay Minerals Location Peru Stream Gold & Silver ü Date of Contract Aug 8, 2012 ü Term of Stream1 Life of Mine ü Stream Parameters1 50% of gold production 100% of silver production ü ü Wheaton technical team Constancia site visit – June 2022 Upfront
Slide 17: Constancia Attributable Production & Sales
CONSTANCIA ATTRIBUTABLE PRODUCTION & SALES ü Constancia has contributed over 400,000 GEOs and $375 million in cash flows to Wheaton’s account since the stream was consummated, withüover a decade of mine life remaining Wheaton Precious Metals 17
Slide 18: Wheaton's Community Investment Contributions
WHEATON’S COMMUNITY INVESTMENT CONTRIBUTIONS § Wheaton was the first streaming company to implement a formal community investment program • To date, Wheaton has contributed ~$40 million to hundreds of community programs and non-profit organizations around ü the world ü § In total, Wheaton has contri
Slide 19: Constancia Overview
CONSTANCIA OVERVIEW 19 19
Slide 20: Constancia Location
CONSTANCIA LOCATION Cusco CUSCO Las Bambas CONSTANCIA Yauri PERU Tintaya Antapaccay MINE Lima TOWN AREQUIPA Imata RAIL ROAD CONSTANCIA Arequipa Cerro Verde MOQUEGUA & Matarani 0 TACNA 100km 20
Slide 21: Constancia Development Timeline
CONSTANCIA DEVELOPMENT TIMELINE HUDBAY ACHIEVED COMMERCIAL PRODUCTION AT CONSTANCIA ONLY 4 YEARS AFTER ACQUIRING THE GREENFIELD PROJECT Aug 2012 updated Mar 2011 technical report Hudbay acquires Hudbay’s board Aug 2013 Constancia through approves Updated capital Aug 2014 Norsemont acquisition constr
Slide 22: Industry-Leading Capital Cost Control
INDUSTRY-LEADING CAPITAL COST CONTROL OPEN PIT COPER MINES IN THE AMERICAS (US$B) Capex Increase $0.2 $0.4 $0.6 $0.2 $1.8 $1.3 $1.3 $1.3 $0.9 $2.2 ($B) 110% 105% Capital increase % relative to sanction 59% 59% 44% 46% 41% 42% 28% 10% Constancia Mt. Milligan Antucoya Red Chris Las Sierra Toromocho Mi
Slide 23: Attractive Capital Intensity
ATTRACTIVE CAPITAL INTENSITY CONSTANCIA’S CAPITAL INTENSITY WAS WELL-POSITIONED COMPARED TO OPEN PIT PROJECTS AND RECENT MINE BUILDS IN THE AMERICAS Capital Intensity ($/tonne Cu)1,2 Country Rating AAA AAA AA+ CCC- A+ A+ BBB BBB+ CCC- BBB+ CCC- BBB- A+ AAA Source: Company public filings. Note: Zafra
Slide 24: Constancia's Best In-Class Mine Development
CONSTANCIA’S BEST IN-CLASS MINE DEVELOPMENT Best in-class development vis-à-vis other comparable projects as a result of disciplined capital cost management and commissioning Timeline from feasibility to first production and subsequent ramp-up was the fastest amongst peers TIMING FROM FIRST PRODUCTI
Slide 25: Constancia Mine
CONSTANCIA MINE LONG LIFE, LOW-COST COPPER MINE IN PERU 16 YEARS Cu-Mo 86k tpd MINE LIFE PORPHYRY DEPOSIT TOTAL MILL CAPACITY 110kt 87koz $1.18/lb 3-YEAR AVG. 3-YEAR AVG. 2023E. CU PRODUCTION1 AU PRODUCTION1 CASH COSTS CONSTANCIA COPPER PRODUCTION PROFILE2 $1.75 140 $1.54 $1.58 120 120 $1.50 Cash Co
Slide 26: Constancia Mine Plan
CONSTANCIA MINE PLAN 16-YEAR MINE PLAN BASED ON PROVEN AND PROBABLE RESERVES ONLY Updated mine plan for Constancia operations reflects higher copper and gold production from 2022 to 2025 as the higher grades from the Pampacancha deposit enter the mine plan 2021A 2022A 2023 2024 2025 2026 2027 2028 2
Slide 27: Successfully Adding Value Through Exploration
SUCCESFULLY ADDING VALUE THROUGH EXPLORATION CONSTANCIA TECHNICAL REPORT PRODUCTION PROFILE (KT CU)1 +60% growth in reserves Production - Norsemont 2011 Technical Report Production - Actuals, Guidance and 2021 Technical Report (Hudbay) 135 133 Constancia Norte Open Pit 122 122 120 114 Maria Reyna, 1
Slide 28: Continuous Optimization Initiatives
CONTINUOUS OPTIMIZATION INITIATIVES Daily Ore Throughput (ktpd) Mill Capacity (ktpd) Copper Recovery (%) Steady 100 performance 100% Government during Peru 90 imposed Covid social unrest 90% Operation stoppage 80 ramp-up 80% 70 70% Mill Throughput (ktpd) Copper Recovery (%) 60 60% 50 50% 40 40% 30 3
Slide 29: Leading Operating Cost Performance
LEADING OPERATING COST PERFORMANCE CONSTANCIA IS ONE OF THE LOWEST COST COPPER MINES IN SOUTH AMERICA 2022 Mine Site Cost (US$/tonne milled) $39.9 Continuous operational improvements at Constancia have driven costs down, while increasing efficiencies and productivity $23.2 $19.7 $20.2 $20.5 $18.6 $1
Slide 30: 50 Largest Global Copper Mines
– 100 200 300 400 500 600 700 Escondida Grasberg Collahuasi Buenavista Cerro Verde Morenci Antamina Norilsk El Teniente Cobre Panama Los Pelambres Quellaveco 50 LARGEST GLOBAL COPPER MINES Kamoa-Kakula Tenke Fungurume Spence Los Bronces Note: Constancia based on next 3-year average guidance. Sentine
Slide 31: General Site Overview
GENERAL SITE OVERVIEW Constancia Pit Mill Location Waste Rock Facility Pampacancha Pit Tailings Management Facility 31
Slide 32: Pampacancha – Development Case Study
PAMPACANCHA – DEVELOPMENT CASE STUDY Approach to engagement and extraction has led to positive community relationships vis-à-vis other neighbors Apr. 2021 Jan. 2021 Feb. 2020 Norsemont announces discovery of Aug. 2012 Pampacancha target Apr. 2012 Completion of Hudbay announces Consulta Previa, final
Slide 33: Environmental and TSM Performance
ENVIRONMENTAL AND TSM PERFORMANCE TSM Energy Use and GHG Emissions Protocol: AA, AAA, A. TSM Aboriginal & Community Outreach Protocol: AAA TSM Tailings Management Protocol: AA TSM Biodiversity Conservation Management Protocol: AAA TSM Health and Safety Management Protocol: AAA TSM Water Stewardship
Slide 34: Environmental Initiatives and Projects
ENVIRONMENTAL INITIATIVES AND PROJECTS Dust Control: Sprinkler irrigation system in Haul Roads (5.2km). Installation of meteorological and air monitoring equipment with real-time measurements for dust control and early warnings (3 stations). Use of WWTP sludge for the enrichment of organic soil. To
Slide 35: Health & Safety
HEALTH & SAFETY SAFETY INDICATORS VS. PEERS: JANUARY 2015 TO JULY 2023 Source: Ministry of Mining (ESTAMIN) Note: The green line is the average number of employees and blue bars represent the maximum amount of hours without an LTI. 35
Slide 36: Safety Performance and Programs
SAFETY PERFORMANCE AND PROGRAMS Safety: Management of safety performance indicators from top to bottom by area managers focusing on the implementation and compliance of the safety management plans for Hudbay and contractors. Focus on lead indicators such us on the job risk assessments, field inspect
Slide 37: Mining
MINING 37
Slide 38: Constancia Mine Planning
CONSTANCIA MINE PLANNING Constancia is a traditional open pit operation using conventional truck CONSTANCIA PHASE DESIGN – SECTION VIEW and shovel mining Ultimate pit design will measure approximately 1.6km east to west, 1.7km north to south and have a maximum depth of ~705m Pampacancha ultimate pit
Slide 39: Total Material Movement (Mt)
TOTAL MATERIAL MOVEMENT (MT) 74 74 Government imposed 73 74 Covid stoppage 56 2018 2019 2020 2021 2022 39
Slide 40: Mine - Continuous Improvement Initiatives
MINE - CONTINUOUS IMPROVEMENT INITIATIVES DUST SUPPRESSION SPRINKLER SYSTEM (HAUL ROADS) TRUCK BAYS & WALKWAYS Benefits Two additional shift change truck Better control of dust emissions bays Water consumption optimization. Reduces relief time between truck Cost effective in comparison to using driv
Slide 41: Control Room
1 2 3 CONTROL ROOM Mining operations dispatchers and plant process controllers working in the same area and coordinating in real time the compliance of the daily plans. Real time monitoring of concentrate trucks heading from the mine to port. Monitoring of security cameras and radars. Fatigue monito
Slide 42: Reserve & Resource Modelling
RESERVE & RESOURCE MODELLING Constancia is a Cu-Mo porphyry deposit with small bodies of Cu-Au CROSS-SECTION OF CONSTANCIA DOMAINS skarn located at the contact between porphyry intrusion and the sediments Domain 4 Domain 2 The resource model separates 4 domains for grade interpolation (hypogene, sup
Slide 43: Peru Mineral Reserves (as at January 1, 2023)
PERU MINERAL RESERVES (AS AT JANUARY 1, 2023) CATEGORY TONNES Cu (%) Mo (g/t) Au (g/t) Ag (g/t) CONSTANCIA Proven 411,200,000 0.28 79 0.041 2.85 Probable 46,500,000 0.23 79 0.038 2.84 TOTAL PROVEN AND PROBABLE 457,700,000 0.28 79 0.040 2.85 PAMPACANCHA Proven 34,100,000 0.59 153 0.320 4.98 Probable
Slide 44: Peru Mineral Resources (as at January 1, 2023)
PERU MINERAL RESOURCES (AS AT JANUARY 1, 2023) CATEGORY TONNES Cu (%) Mo (g/t) Au (g/t) Ag (g/t) CONSTANCIA Measured 118,400,000 0.20 62 0.033 1.86 Indicated 140,700,000 0.23 73 0.040 2.20 Inferred – Open Pit 56,700,000 0.27 82 0.044 1.86 Inferred – Underground 6,500,000 1.20 69 0.137 8.62 PAMPACANC
Slide 45: Constancia Norte Open Pit and Underground
CONSTANCIA NORTE OPEN PIT AND UNDERGROUND HIGH-GRADE OPEN PIT EXTENTION ADDED TO RESERVES WITH ADDITIONAL UNDERGROUND POTENTIAL CONSTANCIA NORTE OPEN PIT CONSTANCIA NORTE OPEN PIT In 2021, copper porphyry and high- grade skarn mineralization extended the Constancia reserve pit by ~300m Added higher
Slide 46: Constancia In-Mine Exploration
CONSTANCIA IN-MINE EXPLORATION EVALUATING POTENTIAL ADDITIONAL MINING PHASE Completing a limited drill program and technical evaluations at the Constancia deposit to confirm the economic viability of adding an additional mining phase to the current mine plan First phase of drill program was successf
Slide 47: Processing
PROCESSING 47
Slide 48: Processing Overview
PROCESSING OVERVIEW Constancia Ore Pampacancha Haulage Primary Ore Crusher TMF Tails Cu Flotation Grinding Circuit Crushed Ore Cu-Mo Stockpile Mill Conc. Mo Flotation Circuit Mo Concentrate Cu Concentrate Dewatering Dewatering Molybdenum Copper Concentrate Concentrate 48
Slide 49: History of Exceeding Nameplate Capacity
HISTORY OF EXCEEDING NAMEPLATE CAPACITY CONSTANCIA MILL PERFORMANCE VS. NAMEPLATE (%) The Constancia Mill has averaged+2% nameplate capacity even with ramp-up and COVID-19 shutdown in 2020, routinely exceeding design throughput of 76,000 tpd 13% 13% Government imposed Covid stoppage Operation Ramp-u
Slide 50: Maintenance Benchmarking
MAINTENANCE BENCHMARKING CONSTANCIA OPERATION STANDS OUT AMONG LARGE SCALE SOUTH AMERICAN MINES MEAN TIME BETWEEN FAILURES (“MTBF”) VS. OPERATIVE MODEL INDEX (“IMO”) – CONSTANCIA VS. MINES IN CHILE & PERU 80.0 70.0 60.0 50.0 Constancia 40 – 50 % MTBF 40.0 30.0 < 40% > 50 % 20.0 10.0 -- 35.0% 40.0% 4
Slide 51: Productivity Benchmarking
PRODUCTIVITY BENCHMARKING PROCESS PLANT SHOWCASES LEADING PRODUCTIVITY METRICS ASSET PRODUCTIVITY Crushing Grinding Constancia: 95% Q1: 95% Q1: 93% Constancia: 81% Mean: 78% Mean: 86% LABOR PRODUCTIVITY Constancia: 114.3 Results exceed peer Q1: 71.1 averages, ranking in the 1st quartile in both asse
Slide 52: Recovery Improvement Projects
RECOVERY IMPROVEMENT PROJECTS COPPER MOLYBDENUM Project scope was to increase global Cu recovery +2% by Project scope is to increase Mo selective recovery by: increasing rougher mass Modifying the circuit and eliminating the use of CO2 (completed in Project completed in Q2 2023 on budget. Benefit se
Slide 53: Pebble Rejection
PEBBLE REJECTION POTENTIAL TO IMPROVE PRODUCTION POST-PAMPACANCHA In 2022, identified the opportunity to reject pebbles before entering the mill Could allow for higher throughput levels (+2.4%) after the completion of mining activities at Pampacancha Pebble rejection trials were completed in the sum
Slide 54: Concentrate Transport Logistics
CONCENTRATE TRANSPORT LOGISTICS MOST OF THE ROUTE TO THE PORT OF MATARANI IS SHARED WITH OTHER LARGE COPPER MINES Concentrate produced at Constancia is trucked ~475km to the Port of Matarani in Peru Road blockades can occur along this route and cause temporary interruptions in the transportation of
Slide 55: Effective Concentrate Inventory Management
EFFECTIVE CONCENTRATE INVENTORY MANAGEMENT SUCCESSFUL MITIGATION EFFORTS DURING PERU BLOCKADES IN EARLY 2023 TO ENSURE STEADY AND CONSISTENT OPERATIONS 55
Slide 56: Tailings Management
TAILINGS MANAGEMENT 56
Slide 57: Tailings Management Facility (TMF)
TAILINGS MANAGEMENT FACILITY (TMF) Engineer of Record (EOR) and Independent Tailings Review Board (IPRB) oversight AA TSM rating Designed to store up to 450 Mt of tailings Construction began in 2012 and is projected to end in 2036 Downstream and centerline construction Currently storing 211 Mt of ta
Slide 58: TMF Instrumentation & Monitoring
TMF INSTRUMENTATION & MONITORING 4(*) Inclinometers 2 Parshall Flumes Existing Instrumentation Inclinometers 1(**) Acelerograph Instrumentation Summary Piezometers Oxygen Sensors 178 Parshall Flume Vibrating Wire Piezometers (VWP) Prism Accelerograph 12(***) OSP Monitoring Base Settlement plates 38
Slide 59: Tailings Dam Raise
TAILINGS DAM RAISE Section AA´ Stage 04 (4143.8) ends in 2025 2028 Nv. 4160.0 (Stage 05) 2027 Nv. 4143.8 (Stage 04) 2026 does 2026 2025 2024 St not require ag 2023 St e0 ag 5 construction e0 4 2026 of the Core, Filter/Drain 2028 & Transition A’ 2025 2024 2027 A 59
Slide 60: Regional Exploration
REGIONAL EXPLORATION 60
Slide 61: Constancia Regional Potential
CONSTANCIA REGIONAL POTENTIAL SEVERAL MINERAL PROPERTIES WITHIN TRUCKING DISTANCE OF CONSTANCIA’S INFRASTRUCTURE Hudbay owns an extensive land 0 5,000 10,000 Meters package near Constancia that has the potential to increase production Maria Reyna Target and expand mine life Kusiorcco Target In 2018,
Slide 62: Nearby Exploration Targets
NEARBY EXPLORATION TARGETS MARIA REYNA AND CABALLITO OFFER LARGE-SCALE POTENTIAL CONSTANCIA SATELLITE EXPLORATION TARGETS Maria Reyna Caballito Constancia & Constancia Pampacancha Leviatan 3.3Mt Cu DELINEATED TO-DATE Pampacancha 1.0Mt Cu MINED TO-DATE PERU Paquitas Tintaya Lima Constancia Antapaccay
Slide 63: Expansion Through Exploration
EXPANSION THROUGH EXPLORATION EARLY FIELD WORKS ON HIGH GRADE SATELLITES NORTH OF CONSTANCIA Hudbay controls a large, contiguous block of mineral rights within trucking distance of Constancia, including Maria Reyna and Caballito Community surface rights exploration agreement completed in August 2022
Slide 64: Caballito Property – Skarn & Porphyry
CABALLITO PROPERTY – SKARN & PORPHYRY MITSUI MINED HIGH GRADE COPPER SULFIDES (CHALCOPYRITE AND BORNITE) Mitsui mined high-grade copper at Caballito until the early 1990s Cu Oxides Cu Sulfides Hand samples collected in the old Mitsui pit confirm mineralization was sulfide rich with chalcopyrite and
Slide 65: Maria Reyna Property – Skarn & Breccias
MARIA REYNA PROPERTY – SKARN & BRECCIAS HIGHEST GRADE ZONES WITH OXIDE AND SULFIDE MINERALIZATION HOSTED IN MAGNETITE SKARNS AND HYDROTHERMAL BRECCIA Artisanal mining activity focused on high grade magnetite skarn bodies and hydrothermal breccia Artisanal production average mining grade of 2 - 6% Cu
Slide 66: 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 independently verified this historical data or the quality assurance and quality control program that was applied during the execution o
Slide 67: Llaguen Project
LLAGUEN PROJECT COPPER PIPELINE PROJECT IN A FAVOURABLE LOCATION OVERVIEW MINERAL RESOURCE ESTIMATE AS AT NOVEMBER 1, 2022 Category Metric Tonnes Cu (%) Mo (g/t) Au (g/t) Ag (g/t) CuEq (%) Indicated Global (>= 0.14% Cu) 271,000,000 0.33 218 0.033 2.04 0.42 Including Indicated High-grade 113,000,000
Slide 68: Workforce, Diversity & Inclusion
WORKFORCE, DIVERSITY & INCLUSION 68
Slide 69: Human Resources Priorities
HUMAN RESOURCES PRIORITIES ATTRACT AND RETAIN ENGAGED, COMMITTED TALENT TO EXCEED HUDBAY’S RESULTS & OBJECTIVES TEAM BUILDING WITH HUDBAY PERU’S LEADERS AND UNION REPRESENTATIVES TURNOVER 28 54 55 28 2022 47 2021 2020 2019 2.63% 2018 5.77% 6.02% 3.03% HC – 959 HC – 936 HC – 923 Up to July 5.24% HC –
Slide 70: Engagement Survey Results
ENGAGEMENT SURVEY RESULTS POSITIVE WORK ENVIRONMENT Diversity, Equity & Inclusion 70
Slide 71: Local Workforce Development
LOCAL WORKFORCE DEVELOPMENT NUMBER OF LOCAL COMMUNITY OPERATORS IN THE WORKFORCE External Operators Community Operators Participation Percentage 180 169 46% 50% 158 161 Participation Percentage (%) 156 142 40% 39% 144 150 40% Number of Workers 129 124 33% 120 36% 103 30% 90 80 86 78 17% 16% 20% 60 3
Slide 72: Our Voices – Hudbay Peru Diversity, Equity and Inclusion Program
OUR VOICES – HUDBAY PERU DIVERSITY, EQUITY AND INCLUSION PROGRAM Hatun Warmi Program (Great women project) Hudbay Scholarships 72
Slide 73: Hatun Warmi Program
HATUN WARMI PROGRAM A social impact program whose translation means "Great Woman". Hudbay Peru trains women from the communities within the area of influence on the operation of heavy machinery The goal is to empower rural women, reducing the gender gap in the region and improving their job opportun
Slide 74: Hatun Warmi Program – Story of Flora Chayña
HATUN WARMI PROGRAM – STORY OF FLORA CHAYÑA 74
Slide 75: Hudbay Scholarship Program and Youth Support
HUDBAY SCHOLARSHIP PROGRAM and YOUTH SUPPORT Hudbay Scholarship Program grants comprehensive university scholarships to low-income youth from rural communities located within the Cusco Region The program seeks to address the following Sustainable Development Goals (SDGs): (1) End of poverty (4) Qual
Slide 76: Government Status and Diversity & Inclusion Program
GOVERNMENT STATUS AND DIVERSITY & INCLUSION PROGRAM GOVERNMENT & COMMUNITY RELATIONS 76
Slide 77: Government and Community Institutions
GOVERNMENT AND COMMUNITY INSTITUTIONS WORK WITH ALL LEVELS OF GOVERNMENT TO ENSURE STABLE OPERATIONS We work with all levels of government and communities Election Focus is on developing effective relationships to ensure Level Applicable Area Next Election Frequency stable operations and maximize th
Slide 78: Actions to Reduce the Impact of Socio-Political Changes
ACTIONS TO REDUCE THE IMPACT OF SOCIO-POLITICAL CHANGES Considering the nature of Peru and Latin America’s political, social and economic landscape, the actions taken by Hudbay (driven by the importance of effective engagement with local stakeholders) have allowed us to continuously operate We keep
Slide 79: Community Trucking Companies
COMMUNITY TRUCKING COMPANIES LOCAL COMMUNITY BUSINESS SET-UP IN PART BY HUDBAY In 2021, Hudbay invited the communities of Chilloroya and Uchucarcco to participate in tender for transport of concentrate from Constancia to the Port of Matarani Over the course of 18 months, Hudbay assisted in raising t
Slide 80: Area of Work
AREA OF WORK Districts: LEGEND Velille, Province 2023: CHUMBIVILCAS & ESPINAR Chamaca, Paruro Livitaca. District Acomayo Province: Chumbivilcas Near Mine: Mine (8 districts +1 Chilloroya, Uchucarcco, Huaylla Huaylla, locality) Urazana, Merques, Apurimac Casablanca, Canas Collana Alta, Hatun Collana,
Slide 81: Dialogue Spaces in the Territory
DIALOGUE SPACES IN THE TERRITORY ~1,200 meetings Inclusion of New Communities (APS): held in 2022 (one Agreements with strategic near mine on one, groups, communities that will be involved in future processes assemblies and dialogue tables) § Huancane § Quehuincha § Parcopampa § Collana Livitaca § H
Slide 82: Social and Development Projects 2022-23
SOCIAL AND DEVELOPMENT PROJECTS 2022-23 ECONOMIC EDUCATION, TRAINING DEVELOPMENT & CONNECTIVITY 13 Projects 96 Projects 8 Districts 8 Districts ENVIRONMENT HEALTH 12 Projects 16 Projects 5 Districts 8 Districts 82
Slide 83: Climate Change – Reforestation Project
CLIMATE CHANGE – REFORESTATION PROJECT 83
Slide 84: Fundraise 2021/2022 - Public and Private Sources
FUNDRAISE 2021/2022 - PUBLIC AND PRIVATE SOURCES 84
Slide 85: Questions?
QUESTIONS? 85
Slide 86: Endnotes
ENDNOTES 1. This presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and fina
Slide 87: Endnotes
ENDNOTES (con.) Wheaton's interpretation of, compliance with or application of, tax laws and regulations or accounting policies and rules being found to be incorrect, or the tax impact to the Company’s business operations being materially different than currently contemplated, any challenge or reass
Slide 88: Endnotes
ENDNOTES 1. (con.) There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effe
Slide 89: Additional Reserves & Resources Information
ADDITIONAL RESERVES & RESOURCES INFORMATION 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 Standar