Slide 1: Q1 2026 Results Presentation
TSX & NYSE / HBM Q1 2026 Results Presentation May 1, 2026
Slide 2: Cautionary Information
Cautionary Information 2 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. Of
Slide 3: Another Quarter of Record Results and Industry-Leading Margins
Another Quarter of Record Results and Industry-Leading Margins 3 STRONG OPERATING PERFORMANCE FROM DIVERSIFIED ASSET BASE DRIVES RECORD REVENUE AND EBITDA1 KEY RESULTS SUMMARY $422M $0.40 28kt ($1.80)/lb Q1 2026 Q4 2025 Q1 2025 Q1 2026 Q1 2026 Q1 2026 Cu Q1 2026 Adj. EBITDA1 Adj. EPS 1,2 Production
Slide 4: Continued Free Cash Flow Generation and Financial Discipline
Continued Free Cash Flow Generation and Financial Discipline 4 WELL-POSITIONED TO FUND GROWTH INITIATIVES WITH ENHANCED BALANCE SHEET AND DIVERSIFIED CASH FLOWS $398M $1B $6M 0.0x Significant free cash flow generation in Peru and Manitoba and optimization efforts underway in British Columbia to achi
Slide 5: Peru Operations Review
Peru Operations Review 5 STABLE COPPER PRODUCTION AND COST PERFORMANCE DRIVEN BY RECORD MILL THROUGHPUT IN Q1 SUMMARY OF PERU OPERATING RESULTS 20.6kt 8.8koz $0.70/lb Q1 2026 Q4 2025 Q1 2025 Q1 2026 Q1 2026 Q1 2026 Constancia ore mined1 mt 10.7 5.6 8.6 Cu Production Au Production Cash Cost5,7 Pampac
Slide 6: Manitoba Operations Review
Manitoba Operations Review 6 CONTINUED PRIORITIZATION OF GOLD ORE WITH ENHANCED MILL RECOVERIES AND THROUGHPUT IN Q1 SUMMARY OF SNOW LAKE OPERATING RESULTS 47.7koz 2.5kt $408 Q1 2026 Q4 2025 Q1 2025 Q1 2026 Q1 2026 Q1 2026 Ore mined1 kt 350.0 353.8 384.2 Au Production Cu Production Gold Cash Cost5 C
Slide 7: British Columbia Operations Review
British Columbia Operations Review 7 CONTINUING TO EXECUTE MULTI-YEAR OPTIMIZATION PLAN WITH HIGHER MILL THROUGHPUT EXPECTED IN H2 SUMMARY OF COPPER MOUNTAIN OPERATING RESULTS5 4.8kt 5.2koz $2.41/lb Q1 2026 Q4 2025 Q1 2025 Q1 2026 Q1 2026 Q1 2026 Ore mined1 mt 2.9 2.4 2.6 Cu Production Au Production
Slide 8: 3-Year Production Outlook
3-Year Production Outlook 8 COPPER PRODUCTION GROWTH WITH STABLE COMPLEMENTARY GOLD EXPOSURE Consolidated copper production growth of 24% over next three years supported by B.C. mill throughput ramp up in H2 2026 and higher grades in 2027 following completion of accelerated stripping program, and fr
Slide 9: Key Objectives for 2026
Key Objectives for 2026 9 CONTINUED OPERATIONAL EXCELLENCE AND PRUDENT CAPITAL ALLOCATION TO DELIVER HIGH-RETURN GROWTH 1H 2026 2H 2026 Continue deleveraging and financial discipline Copper World sanctioning decision Progress New Ingerbelle permitting activities at Copper Mountain Deliver on
Slide 10: Diversified Portfolio of Long-Life Assets in Tier Jurisdictions
Diversified Portfolio of Long-Life Assets in Tier 1 Jurisdictions 10 OPERATING MINE DEVELOPMENT PROJECT Cu Au Ag Cu Mo Ag Au NEAR TERM DEVELOPMENT OPERATING MINE PROJECT (2026 SANCTION) +20 year mine life +20 year mine life Open Pit Open Pit COPPER MOUNTAIN ~45kt annual Cu production COPPE
Slide 11: Industry-Leading Copper Exposure with Significant Long-term Growth
Industry-Leading Copper Exposure with Significant Long-term Growth 11 OUTSIZED GROWTH IN CONSOLIDATED COPPER PRODUCTION SUPPORTED BY STABLE GOLD PRODUCTION ANNUAL CONSOLIDATED COPPER PRODUCTION (KT)1 PRO FORMA LONG-TERM PRODUCTION1,2 +500 5% 139 13% 31 +620kt 103 CuEq ~250 92 +24% 81% QUARTERLY EARN
Slide 12: Questions
QUARTERLY EARNINGS / Q1 2026 QUESTIONS TSX & NYSE: HBM 12