Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q2 2023 Earnings Presentation
15 slides from Hudbay Minerals's earnings presentation, Aug 9, 2023
Slide 1: Q2 2023 Results Presentation
COPPER VALUES SUSTAINABILITY OUR PEOPLE CONNECTS US CONNECT US CONNECTS US CONNECT US Q2 2023 RESULTS PRESENTATION August 9, 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: Q2 2023: Period of Transition and Expansion
Q2 2023: PERIOD OF TRANSITION AND EXPANSION EXECUTING INITIATIVES TO DELIVER STRONG PRODUCTION AND FREE CASH FLOW GROWTH IN H2 2023 COPPER MOUNTAIN INTEGRATION Adding a third long-life operating asset PERU PATH TO HIGHER GRADES Completion of acquisition on Achieving higher grades to MANITOBA GROWTH
Slide 4: Q2 2023 Consolidated Results
Q2 2023 CONSOLIDATED RESULTS ON TRACK TO ACHIEVE CONSOLIDATED 2023 PRODUCTION & CASH COST GUIDANCE Consolidated copper production of 21.7k tonnes KEY RESULTS SUMMARY in Q2; lower due to planned mill maintenance Q2 20235 Q1 2023 Q2 2022 and high stripping activities in Peru Production1 Copper kt 21.7
Slide 5: Peru Operations Review
PERU OPERATIONS REVIEW ENABLING HIGHER COPPER PRODUCTION IN H2 2023 SUMMARY OF PERU OPERATING STATISTICS Q2 2023 Q1 2023 Q2 2022 Q2 copper production lower than Q1 due to mill maintenance program and slightly lower Constancia ore mined (million tonnes)1 3.6 3.4 7.0 Pampacancha ore mined (million ton
Slide 6: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW HIGHER ORE PRODUCTION LEVELS FROM THE LALOR MINE SUMMARY OF SNOW LAKE OPERATING STATISTICS Q2 gold production slightly lower than Q1 due to Q2 2023 Q1 2023 Q2 2022 lower recoveries, partially offset by higher grades Ore mined (kt) 413.3 373.6 412.7 Combined Ore milled (kt)
Slide 7: Copper Mountain Integration
COPPER MOUNTAIN INTEGRATION Phase I – Stabilization Operational Integration - Alignment of Standards (KPIs, Reconciliation) - Update Resource Modeling - Supplement Minesite Team with Hudbay Personnel Realize Current Potential - Implementation of best practices with associated training - Complete mil
Slide 8: New Lalor Mineralized Zones
NEW LALOR MINERALIZED ZONES NEW ZONE DISCOVERY NEAR LALOR LALOR DOWN PLUNGE DRILLING Lalor Northwest – New zone 4 drill rigs tested down plunge Au and Cu extensions of Lalor discovery All holes intersected the alternation zone known to host the Lalor One drill rig tested mineralization over 2km , in
Slide 9: Snow Lake – Cook Lake Acquisition
SNOW LAKE – COOK LAKE ACQUISITION POTENTIAL FOR ANOTHER SNOW LAKE ANCHOR DEPOSIT Cook Lake Properties Completed acquisition from Glencore in June 2023 Located within 30km of the Stall and New Britannia facilities Potential for new deposits on the same favourable mineralized horizon as many known dep
Slide 10: Snow Lake Land Consolidation
SNOW LAKE LAND CONSOLIDATION ROCKCLIFF ACQUISITION 250% Increase in Snow Lake Land Package Consolidating highly prospective land in Snow Lake region, pending completion of Rockcliff acquisition Consolidates Talbot deposit ownership Adds adjacent land to Hudbay’s Pen II zinc deposit Expected to close
Slide 11: Copper World Permitting & PFS Well-Advanced
COPPER WORLD PERMITTING & PFS WELL-ADVANCED Prudent approach to greenfield project development Prefeasibility study expected in Q3 2023 Two outstanding state permits expected by early 2024 Plan to initiate a minority joint venture partner process after receipt of permits Peach North Limb West THREE
Slide 12: Creating Value With Purpose
OUR PURPOSE CREATING VALUE WITH PURPOSE We transform lives: We invest in our employees, their families and local communities through long-term employment, local procurement and economic development to improve their quality of life and ensure the communities benefit from our presence. We operate resp
Slide 13: Diversified Portfolio in Tier 1 Jurisdictions
DIVERSIFIED PORTFOLIO 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 Operati
Slide 14: Hudbay Copper Growth Pipeline
HUDBAY COPPER GROWTH PIPELINE Meaningful production growth expected to generate significant near-term free cash flow to unlock leading organic copper growth pipeline SIGNIFICANT COPPER PRODUCTION GROWTH IN COPPER RESOURCES PER SHARE2 2023E Production (kt Cu) 1 Manitoba Peru Arizona Nevada Other 285
Slide 15: For more information contact
For more information contact: Candace Brûlé Vice President, Investor Relations 416.814.4387 | investor.relations@hudbay.com