Investor Presentaiton
Constancia Mine Plan Summary
HUDBAY
MINE PLAN SUMMARY - NOVEMBER 21, 2016 TECHNICAL REPORT
2017E
2018E
2019E
2020E
2021E
5-Yr Avg.
Yr 6-19 Avg.1 LOM Avg.1
Ore mined
million tonnes
34.6
34.1
27.7
32.2
31.8
32.1
30.1
30.5
Waste mined
million tonnes
38.4
39.1
33.8
36.9
37.0
37.0
33.1
34.0
Strip ratio
waste:ore
1.1
1.1
1.2
1.1
1.2
1.2
1.1
1.1
Ore milled
million tonnes
30.9
31.0
30.9
31.0
30.9
30.9
30.6
30.7
Copper grade milled
% Cu
0.41%
0.39%
0.44%
0.40%
0.42%
0.41%
0.26%
0.30%
Copper recovery
% Cu
85.0%
86.0%
86.6%
87.0%
87.1%
86.3%
89.9%
88.6%
Copper production²
000 tonnes
107
104
118
107
113
110
71
81
Molybdenum
000 tonnes
0.3
1.7
1.9
2.1
1.8
1.6
1.5
1.5
production2
Gold production²
000 oz
23
40
94
81
102
68
22
34
Silver production²
000 oz
2,848
2,523
2,577
2,667
3,232
2,770
1,853
2,090
On-site costs³
$/t milled
$7.84
$7.53
$7.74
$7.55
$7.80
$7.69
$7.27
$7.39
Cash cost4
$/lb Cu
$1.30
$1.09
$0.81
$0.86
$0.83
$0.97
$1.45
$1.28
Sustaining cash cost
$/lb Cu
$1.83
$1.34
$1.01
$1.15
$1.08
$1.27
$1.80
$1.62
CAPITAL COSTS:
Sustaining capex
$ million
$103
$34
$42
$51
$48
$55
$36
$41
Capitalized stripping
$ million
$18
$17
$5
$15
$13
$14
$17
$16
Total sustaining capex
$ million
$121
$51
$47
$66
$61
$69
$53
$57
Pampacancha capex
$ million
$11
$29
$13
$1
$1
$11
Source: The Constancia Mine, National Instrument 43-101 Technical Report as filed on SEDAR by Hudbay on November 21, 2016.
1. Year 6-19 average calculated from 2022-2035; life-of-mine ("LOM") average calculated from 2017-2035.
2. Production refers to contained metal in concentrate.
3. On-site costs include mining, milling and G&A costs, and include the impact of capitalized stripping.
4. Cash cost and sustaining cash cost are reported net of by-product credits, are calculated at reserve prices ($3.00/lb Cu, $11.00/lb Mo, $18.00/oz Ag, $1,260/oz Au) and include the impact of the precious metals
stream and capitalized stripping. Cash cost includes on-site and off-site costs, and sustaining cash cost includes the addition of royalties and sustaining capital, but excludes Pampacancha project capital.
26View entire presentation