Q4 2018 Conference Call

Q4 2018 webcast link




  • On a consolidated basis, copper production exceeded the mid-point of 2018 guidance by 14% and production of zinc and precious metals were within 2018 guidance ranges; copper production at Constancia exceeded the top end of 2018 guidance and Manitoba copper production was at the top end of the guidance range
  • Constancia achieved record mill throughput, record copper recoveries and record molybdenum production in 2018
  • Cash generated from operating activities was $137.3 million in the fourth quarter of 2018 and $479.6 million in the full year 2018
  • Net debt decreased to $465.5 million as at December 31, 2018, including cash and cash equivalents of $515.5 million
  • Updated reserve and resource estimate at Lalor including a 65% increase in gold reserves1
  • New Lalor mine plan more than doubles annual gold production from current levels once the New Britannia mill is operating with average annual gold production of approximately 140,000 ounces over the first five years at a sustaining cash cost, net of by-product credits, of $450 per ounce, positioning Lalor as one of the lowest cost gold mines in Canada1

1 Please refer to Hudbay’s February 19, 2019 news release titled “Hudbay Announces Increased Lalor Mineral Reserves and Resources and Updated Mine Plan that Confirms Substantial Increase in Gold Production” for further information.

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