guidance
Production and Outlook1
| Copper (tonnes) |
Zinc (tonnes) |
Gold (oz.) |
Silver (oz.) |
|
| 2006 | ||||
| Metal from HBMS concentrates | 56,698 | 113,637 | 95,980 | 962,743 |
| Metal from purchased concentrates | 31,527 | 4,329 | 1,972 | 382,184 |
| Metal in Balmat concentrate, for sale2 | - | (9,037)3 | - | - |
| Metal in Balmat equivilant concentrate purchased by HBMS2,3 | - | (3,750) | - | - |
| Total Production | 88,225 | 123,253 | 97,952 | 1,344,927 |
| Total Production - Guidance (000's) | 45 - 554 | 120 - 140 | 85 - 100 | 1,000 - 1,300 |
| 2007 | ||||
| Total Production - Guidance (000's) | 80 - 90 | 130 - 150 | 85 - 95 | 1,000 - 1,300 |
1 Hudson Bay Mining & Smelting Co., Limited (HBMS) mines in Manitoba. Metal from HBMS concentrates and purchased concentrates include copper, gold and silver returned to the copper smelter for re-processing as part of the normal production process. Metal reported in concentrate in this news release is prior to refining losses or deductions associated with smelter terms.
2 Includes 3,750 tonnes from metal in Balmat equivalent purchased concentrates, purchased from Xstrata. Through an arrangement to decrease costs, HudBay sells all concentrates from its Balmat zinc mine to Xstrata, and elects annually to purchase up to 50% of Balmat equivalent concentrates from Xstrata.
3 Metal in concentrate produced in 2006 prior to commercial production.
4 Copper guidance in 2006 is HBMS production only and excludes purchased concentrates.
2007 Exploration Spending Breakdown*
($ millions)
| Flin Flon Greenstone Belt | ||
| Electromagnetic targets | 8.5 | |
| Known deposits | 4.5 | |
| Operating mines | 4.0 | |
| Geophysics | 3.0 | |
| Structural | 3.0 | |
| Administration/miscellaneous | 3.0 | |
| 26.0 | ||
| Other Locations | ||
| Balmat | 4.0 | |
| Unallocated | 7.0 | |
| 11.0 | ||
| Total planned 2007 spend | 37.0 | |
* All values are preliminary estimates. Actual results may vary and will depend on several factors including the interpretation of results.
2005 Earnings Sensitivities
Forward-looking information
This website page contains "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to estimated metals production, exploration spending and earnings sensitivities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of HudBay Minerals Inc. (HudBay) to be materially different from those expressed or implied by such forward-looking information, including risks associated with the mining industry such as economic factors, government regulation and approvals, environmental risks, success of exploration activities, future commodity prices, capital expenditures, possible variations in ore reserves, grade, or recovery rates, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, access to capital as well as those factors discussed in the section entitled "Risk Factors" in HudBay's Annual Information Form for the year ended December 31, 2005, available on www.sedar.com. Although HudBay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. HudBay does not undertake to update any forward-looking information, except in accordance with applicable securities laws.