Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q4 2020 Earnings Presentation
12 slides from Hudbay Minerals's earnings presentation, Feb 19, 2021
Slide 1: Q4 2020 Results Presentation
Q 4 2 0 2 0 R E S U LT S P R E S E N TAT I O N February 19, 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. Oft
Slide 3: 2020 Year in Review
2020 YEAR IN REVIEW ACHIEVED FULL YEAR PRODUCTION AND UNIT COST GUIDANCE IN BOTH PERU AND MANITOBA WHILE ADVANCING SEVERAL OF OUR GROWTH INITIATIVES 2020 Results MANITOBA PERU OTHER ✓ Announced phase two of Snow ✓ Signed community agreement ✓ Safely and efficiently Lake Gold strategy for Pampacancha
Slide 4: 2020 Consolidated Results
2020 CONSOLIDATED RESULTS CONTINUING TO DELIVER STRONG OPERATING AND FINANCIAL RESULTS KEY RESULTS 2020 Results • Copper, gold and silver production increased SUMMARY compared to Q3; zinc production impacted by Q4 2020 Q3 2020 2020 2019 777 shaft repairs Production1 Copper kt 27.3 25.4 95.3 137.2 •
Slide 5: Peru Operations Review
PERU OPERATIONS REVIEW EXCELLENT OPERATING EFFICIENCIES PERU SUMMARY OF OPERATING STATISTICS 2020 Results • Constancia delivered strong performance Q4 2020 Q3 2020 2020 2019 Ore mined (million tonnes)1 9.3 8.5 27.5 33.3 while operating in a challenging environment in Peru Ore milled (million tonnes)
Slide 6: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW PERSEVERED DESPITE 777 SKIP HOIST MANITOBA SUMMARY OF OPERATING STATISTICS INCIDENT Q4 2020 Q3 2020 2020 2019 2020 Results Ore mined (kt) 633 622 2,646 2,647 • Copper and gold production increased Ore milled (kt) 598 658 2,618 2,652 quarter-over-quarter due to 777 Copper g
Slide 7: 2021 Key Objectives
2021 KEY OBJECTIVES • Focus on operational efficiencies, maintain low-costs of production to continue to generate 2020 Results positive cash flow and strong returns on invested capital • Execute development and commence mining activities at the high-grade Pampacancha satellite deposit 2021 Key Objec
Slide 8: 2021 Production Guidance
2021 PRODUCTION GUIDANCE GROWING COPPER AND GOLD PRODUCTION • Copper production forecast to increase Contained metal in 2021 Guidance Year Ended 2020 Guidance2 2020 Results Concentrate1 Dec. 31, 2020 by 7% in 2021 compared to 2020 Peru • Gold production anticipated to increase Copper (tonnes) 72,000
Slide 9: 2021 Cost Guidance
2021 COST GUIDANCE • Total capital expenditures expected to decline in 2021 on lower growth spending in Peru 2020 Results • Higher exploration and unit operating costs expected in 2021 • Introduced consolidated cash cost and sustaining cash costs guidance in 2021 EXPLORATION EXPENDITURES 2021 CAPITA
Slide 10: New Britannia Gold Mill Refurbishment
NEW BRITANNIA GOLD MILL REFURBISHMENT AHEAD OF SCHEDULE; GOLD PLANT COMMISSIONING IN MID-2021 • Refurbishment activities continue to track ahead of the original schedule with 73% complete to-date 2020 Results • Pipeline construction between New Britannia and Stall mills complete • TotalLAKE SNOW pro
Slide 11: Executing on Growth Initiatives
EXECUTING ON GROWTH INITIATIVES SEVERAL OPTIMIZATION, EXPANSION AND EXPLORATION CATALYSTS EXPECTED IN 2021 2020 Results SNOW LAKE EXPANSION POTENTIAL CONSTANCIA REGIONAL EXPLORATION 2021 Key Objectives Annual Guidance • Updated mine plan to be published with • Constancia North expected to add to res
Slide 12: For More Information Contact
For More Information Contact: Candace Brûlé Director, Investor Relations 416.814.4387 | candace.brule@hudbay.com