Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Stifel GMP VMS Deposits Conference 2021
16 slides from Hudbay Minerals's conference presentation, Apr 8, 2021
Slide 1: Stifel GMP VMS Deposits Event Presentation
STIFEL GMP VMS DEPOSITS E V E N T P R E S E N TAT I O N C a s h e l M e a g h e r, S V P & C O O April 8, 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. Ofte
Slide 3: Diversified Mid-Tier Copper Producer
DIVERSIFIED MID-TIER COPPER PRODUCER TSX, NYSE, BVL Symbol HBM Market Capitalization1 C$2.6 billion About Hudbay Shares Outstanding2 261 million Available Liquidity 3 $724 million Debt Outstanding4 $1.2 billion 20205 20216 Manitoba MANITOBA Business Unit 2% 2% 777 REVENUE BY 15% 23% Lalor METAL 6% W
Slide 4: Manitoba Operations
MANITOBA OPERATIONS LALOR DELIVERED ON 2020 GUIDANCE • The Lalor mine and Stall mill both achieved record quarterly and annual production in 2020 as 777 employees and equipment were redeployed to Lalor during the 777 shaft repair period About Hudbay • Early mining of Lalor gold zones underway in pre
Slide 5: Our Land Position in Manitoba Constitutes a Unique Advantage for Hudbay
OUR LAND POSITION IN MANITOBA CONSTITUTES A UNIQUE ADVANTAGE FOR HUDBAY About Hudbay Manitoba Business Unit Snow Lake VMS Camp Ground Remains Fertile • 90 years of mining and exploration (> 5,000 km of drilling, ~ $1B in today’s costs) • Multiple sets of regional scale data sets: Geophysics, Geochem
Slide 6: Snow Lake Gold Strategy
SNOW LAKE GOLD STRATEGY PHASE 1: Repositioning PHASE 2: Optimization PHASE 3: Historical Work About Hudbay Lalor as a Gold Mine & Execution Expansion Potential ü 2008 & 2009 – Au zone and ü 2018 – Completion of tradeoff ü 2020 – Optimized mine plan with ü Implementing optimized Cu-Au zone identified
Slide 7: Snow Lake Gold Comparison to LaRonde Complex Depth
SNOW LAKE GOLD COMPARISON TO LARONDE COMPLEX DEPTH LARONDE COMPLEX CROSS SECTION About Hudbay -0m Snow Lake Gold Camp has significant potential to grow based on other older VMS camps statistics Manitoba Lalor has only had 10 years of Business Unit post-production exploration - 1,000 m Deepest resour
Slide 8: VMS Deposits Transitioning to Gold from Base Metals
VMS DEPOSITS TRANSITIONING TO GOLD FROM BASE METALS LARONDE COMPLEX TRANSITIONED TO A PRIMARY GOLD MINE IN THE LATE 2000’S LARONDE COMPLEX REVENUE BY COMMODITY OVER TIME Gold (%) Base Metal (%) About Hudbay 63% 52% 37% 35% 38% 29% 24% 19% 16% 9% 7% 9% 9% 8% LaRonde Transitions to a VMS Gold Deposit
Slide 9: Types of Gold Mineralization in Association to VMS Deposits
3 TYPES OF GOLD MINERALIZATION IN ASSOCIATION TO VOCANOGENIC MASSIVE SULFIDE (VMS) DEPOSITS About Hudbay Conformable Mafic lava flow gold zone, Sea e.g. Lens 21 floor Felsic lava flow Manitoba Business Unit Felsic dome Snow Lake VMS Camp Remobilization of sulfide minerals, e.g. Lens 10 Massive sulfi
Slide 10: Simplified Model of Lalor Mineralization
SIMPLIFIED MODEL OF LALOR MINERALIZATION 10 lens About Hudbay (base metal) 20 lens (base metal) Manitoba 21 lens Non-Conformable Business Unit (conformable gold zone) stockwork gold zone 25 lens Snow Lake VMS (conformable gold zone) 40 lens Camp (base metal) 30 lens (base metal) 27 lens Ground Remai
Slide 11: Lalor Mine Life Extension
LALOR MINE LIFE EXTENSION 11-YEAR MINE PLAN BASED ON PROVEN AND PROBABLE RESERVES ONLY • Inferred resources estimated using stringent methodology that constrains the resource About Hudbay within a stope optimization envelope • Expected to lead to a higher resource to reserve conversion factor, provi
Slide 12: Snow Lake Processing Logistics
SNOW LAKE PROCESSING LOGISTICS LALOR MINE 2021 11 years 2031 Source Ore About Hudbay 1901 DEPOSIT 2026 6 years 2031 SATELLITE GOLD DEPOSITS 2030 8 years 2037 (WIM, 3 ZONE) Manitoba Business Unit Processing STALL BASE METAL MILL Location 2021 11 years 2031 (WITH GOLD BY-PRODUCT) NEW BRITANNIA GOLD MI
Slide 13: Future Snow Lake Upside Opportunities
FUTURE SNOW LAKE UPSIDE OPPORTUNITIES LALOR IN-MINE GOLD & BASE METAL EXPLORATION About Hudbay • Recent drilling continue to support resource to reserve conversion and to extend known lenses. The visual examples presented below include: • Potential extension of lens 32 (base metal) and potential con
Slide 14: Future Snow Lake Upside Opportunities
FUTURE SNOW LAKE UPSIDE OPPORTUNITIES 1901 AU AND CU-AU EXPLORATION POTENTIAL • 2020 resource update was successful in defining a new gold-rich inferred resource estimate About Hudbay with a significant increase in gold resources: 122koz in M&I and 137koz in inferred, compared to 58koz previously SN
Slide 15: Future Snow Lake Upside Opportunities
FUTURE SNOW LAKE UPSIDE OPPORTUNITIES OTHER BASE METAL OPPORTUNITIES • Indicated and inferred mineral resource estimates at Watts, Pen II and Talbot provide additional opportunities About Hudbay to extend the operating life of the Stall mill beyond 2031 and to continue to operate Stall at higher thr
Slide 16: For More Information Contact
For More Information Contact: Candace Brûlé Director, Investor Relations 416.814.4387 | candace.brule@hudbay.com
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