Investor Presentaiton
South America Q4 2016 Results
• Plant performance remains the primary
focus
• Total copper recovery was 81.6% in Q4,
affected by oxidized mineralization, offset
by higher than reserve grades
• Combined unit operating costs were $7.98
per tonne in Q4
• Continued low cost performance
Q4 cash costs of $1.11/lb and sustaining
cash cost of $1.54/lb
Full year cash costs of $1.09/lb and
sustaining cash cost of $1.51/lb
1.
Precious metals production includes gold and silver production on a gold-equivalent basis. Silver is converted
to gold at a 70:1 ratio.
2. Reflects combined mine, mill and G&A costs per tonne of ore milled. Unit costs reflect the deduction of
expected capitalized stripping costs.
3.
Cash cost and sustaining cash cost per pound of copper produced, net of by-product credits.
HUDBAY
PERU SUMMARY OPERATING STATISTICS
Ore mined (million tonnes)
Full Year
Q4 2016
2016
6.2
26.5
Ore milled (million tonnes)
7.2
27.0
Copper grade milled
0.58%
0.60%
Gold grade milled (g/t)
0.05
0.06
Silver grade milled (g/t)
4.65
4.90
Copper recovery
81.6%
82.4%
Gold recovery
43.9%
48.4%
Silver recovery
67.1%
64.9%
Copper contained in conc. (kt)
34.0
133.4
Precious metals contained in
conc. (koz)1
15.4
65.7
Combined unit operating
$7.98
$8.09
costs ($/tonne)²
Cash cost ($/lb)³
$1.11
$1.09
Sustaining cash cost ($/lb)³
$1.54
$1.51
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