Investor Presentaiton
Leverage to Commodities
Highly leveraged to copper, with additional sensitivity to zinc prices
• Moderate exposure to changes in C$/US$ exchange rates
SENSITIVITY ANALYSIS¹
HUDBAY
2017 Base
Change of 10%
Represented by:
Impact on
Operating Cash Flow²
METAL PRICES:
Copper Price
$2.50/lb
+/- $0.25/lb
+/- $73 million
Zinc Price
$1.20/lb
+/- $0.12/lb
+/- $30 million
Gold Price³
$1,200/oz
+/- $120/oz
+/- $10 million
EXCHANGE RATES:
C$/US$
1.30
2.
1. Assumes operational performance is consistent with annual guidance for 2017.
Operating cash flow before changes in non-cash working capital.
3.
Gold price sensitivity also includes the impact of a +/- 10% change in the silver price (2017 assumption is $18/oz Ag).
+/- 0.13
+/- $30 million
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