Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q1 2022 Earnings Presentation
11 slides from Hudbay Minerals's earnings presentation, May 10, 2022
Slide 1: Q1 2022 Results Presentation
Q1 2022 RESULTS PRESENTATION May 10, 2022
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: Q1 2022 Consolidated Results
Q1 2022 CONSOLIDATED RESULTS REAFFIRMED FULL YEAR 2022 PRODUCTION AND COST GUIDANCE KEY RESULTS SUMMARY Consolidated copper production of Q1 2022 Q4 2021 Q1 2021 24.7k tonnes in Q1, in line with Production1 expected quarterly cadence this year Copper kt 24.7 28.2 24.6 Gold koz 54.0 64.2 35.5 Consoli
Slide 4: Peru Operations Review
PERU OPERATIONS REVIEW Q1 PRODUCTION IN LINE WITH QUARTERLY CADENCE; ON TRACK TO MINE HIGHER GRADES THIS YEAR SUMMARY OF PERU OPERATING STATISTICS Constancia produced 19.2k tonnes of copper, Q1 2022 Q4 2021 Q1 2021 10.8k ounces of gold, 505k ounces of silver and 207 tonnes of molybdenum in Q1 Consta
Slide 5: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW STRONG PERFORMANCE AT NEW BRITANNIA; Q1 SALES VOLUMES TEMPORARILY ELEVATED SUMMARY OF MANITOBA OPERATING STATISTICS Copper production increased 4% during Q1; Q1 2022 Q4 2021 Q1 2021 gold, zinc and silver decreased by 7%, 4% and 13%, respectively Ore mined (kt) 645 689 697
Slide 6: Reserve & Resource Growth
RESERVE & RESOURCE GROWTH CONSTANCIA’S RESERVE GROWTH LARGELY OFFSET 2021 MINING DEPLETION Constancia’s reserves increased due to mine planning gains and economic re-evaluations; expected mine life has been extended one year to 2038 Constancia’s inferred resources increased due to the inclusion of C
Slide 7: Reserve & Resource Growth: Snow Lake Reserves Growth Over Time
RESERVE & RESOURCE GROWTH SNOW LAKE RESERVES GROWTH OVER TIME +350% INCREASE IN IDENTIFIED RESERVES / PRODUCED GOLD FROM INITIAL RESERVE ESTIMATE Cumulative Production Reserves 9% increase from 7% increase from 32% increase from resource conversion resource conversion inclusion of satellite Inferred
Slide 8: Advancing Several Growth Initiatives
ADVANCING SEVERAL GROWTH INITIATIVES COPPER WORLD PEA NEARING COMPLETION; SEVERAL OTHER EXPLORATION PROGRAMS UNDERWAY ARIZONA – COPPER WORLD OTHER EXPLORATION DRILL PAD AT LLAGUEN IN PERU Copper World is adjacent to Rosemont with 7km of Llaguen - drilled a total of 9,250 metres in 21 holes; Phase II
Slide 9: Near-Term Catalysts
NEAR-TERM CATALYSTS NUMEROUS ORGANIC GROWTH OPPORTUNITIES EXIST New Britannia gold mill construction, ramp-up and first production achieved ✓ 2021 MANITOBA Updated Snow Lake mineral reserves and resources incorporating recent drilling at 1901 and Lalor ✓ Q1 2022 Advance 3rd phase of Snow Lake gold s
Slide 10: Hudbay Copper Growth Pipeline
HUDBAY COPPER GROWTH PIPELINE LEADING FREE CASH FLOW GROWTH AND SIGNIFICANT COPPER RESOURCE OPTIONALITY Meaningful near-term free cash flow growth with high quality organic pipeline offering significant long-term growth LEADING NEAR-TERM FREE CASH FLOW YIELDS SIGNIFICANT GROWTH IN COPPER RESOURCES P
Slide 11: For more information contact
For more information contact: Candace Brûlé Vice President, Investor Relations 416.814.4387 | candace.brule@hudbay.com