Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q3 2022 Earnings Presentation
14 slides from Hudbay Minerals's earnings presentation, Nov 3, 2022
Slide 1: Q3 2022 Results Presentation
Q3 2022 RESULTS PRESENTATION November 3, 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: Q3 2022 Consolidated Results
Q3 2022 CONSOLIDATED RESULTS ON TRACK TO ACHIEVE CONSOLIDATED 2022 PRODUCTION & CASH COST GUIDANCE Consolidated copper production of 24.5k KEY RESULTS SUMMARY Q3 2022 Q2 2022 Q3 2021 tonnes in Q3; higher copper production in Peru offset by lower production in Production1 Manitoba with planned 777 cl
Slide 4: Peru Operations Review
PERU OPERATIONS REVIEW STRONG QUARTERLY OPERATING PERFORMANCE AND HIGHER GRADES EXPECTED IN Q4 Copper production increased by 7% and copper SUMMARY OF PERU OPERATING STATISTICS cash costs declined by 8% in Q3 Q3 2022 Q2 2022 Q3 2021 Production benefited from higher copper grades Constancia ore mined
Slide 5: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW SNOW LAKE GOLD PRODUCTION INCREASES; PRODUCTION AND CASH COST GUIDANCE MAINTAINED SUMMARY OF MANITOBA OPERATING STATISTICS Manitoba produced, 40.5k ounces of gold, 9.8k tonnes of Q3 2022 Q2 2022 Q3 2021 zinc, 2.2k tonnes of copper and 153k ounces of silver Ore mined (kt) 3
Slide 6: Copper World De-risking Initiatives
COPPER WORLD DE-RISKING INITIATIVES SEVERAL ACTIONS TO DE-RISK THE PROJECT IN 2023 COPPER WORLD VIEW LOOKING WEST Publish Phase I pre-feasibility study in H1 2023 Convert remaining inferred mineral resources to M&I Optimize the layout and sequencing of the processing facilities (concentrate leach) E
Slide 7: Copper World De-risking Initiatives
COPPER WORLD DE-RISKING INITIATIVES EXPECT TO RECEIVE ALL KEY STATE-LEVEL PERMITS BY MID-2023 Submitted initial Received Mined Land approved MLRP Received amended Submitted Air Quality Expected receipt Reclamation Plan from the Arizona MLRP from the Arizona Permit (AQP) to ADEQ of APP and AQP (MLRP)
Slide 8: Exploration Update – Constancia Regional
EXPLORATION UPDATE – CONSTANCIA REGIONAL ADVANCING EXPLORATION ON HIGH GRADE SATELLITES NORTH OF CONSTANCIA CABALLITO – SKARN AND PORPHYRY MINERALIZATON MARIA REYNA – SKARN AND BRECCIA MINERALIZATION Located ~10km from Constancia Located ~5km from Constancia Three types of mineralization – skarn, hy
Slide 9: Exploration Update – Llaguen
EXPLORATION UPDATE – LLAGUEN ADDING A NEW PROJECT TO OUR COPPER GROWTH PIPELINE OVERVIEW OF LLAGUEN PROJECT MINERAL RESOURCE ESTIMATE AS AT NOVEMBER 1, 2022 Category Metric Tonnes Cu (%) Mo (g/t) Au (g/t) Ag (g/t) CuEq (%) Indicated Global (>= 0.14% Cu) 271,000,000 0.33 218 0.033 2.04 0.42 Including
Slide 10: Flin Flon Tailings Drill Program
FLIN FLON TAILINGS DRILL PROGRAM DRILLING INDICATES HIGHER GRADE THAN EXPECTED Identified the opportunity to reprocess Flin Flon tailings More than 100 million tonnes of tailings have been deposited for over 90 years Recently completed confirmatory drilling: Indicates higher zinc, copper and silver
Slide 11: Focused on Positive Cash Flow Generation
FOCUSED ON POSITIVE CASH FLOW GENERATION DISCIPLINED CAPITAL ALLOCATION WITH NEAR-TERM DISCRETIONARY SPEND REDUCTIONS Short-term pullback in copper prices provides more conviction on strong long-term copper supply and demand fundamentals Recent inflationary pressures on input prices in a period of d
Slide 12: Deleveraging & Disciplined Capital Allocation
DELEVERAGING & DISCIPLINED CAPITAL ALLOCATION COMMITTED TO FINANCIAL DISCIPLINE TO GENERATE STRONG RETURNS ON INVESTED CAPITAL Improved net debt position by $71M since investment program was completed in Q1 2022 Repaid 38% of gold prepayment liability during 2022; remaining $80M to be repaid by end
Slide 13: 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 14: For more information contact
For more information contact: Candace Brûlé Vice President, Investor Relations 416.814.4387 | candace.brule@hudbay.com