Key Performance Data


Economic

Key Performance Data - Economic
  2013   2012   20111   20101
Direct economic value generated and
distributed (in $ millions) (EC1)
Profit/(loss) before tax2 $(56.0)   $48.43   $209.0   $108.7
Revenues2, 4 $516.8   $702.6   $904.7   $778.8
Operating Costs2, 4
Canada (408.8)   (493.7)3   (543.2)   (432.4)
US (2.6)   (10.3)   (18.2)   (7.3)
Peru (10.2)   (13.1)   (9.5)   n/ap
Chile (2.8)   (7.0)   n/ap   n/ap
Colombia (3.9)   (4.5)   n/ap   n/ap
Total $(428.3)   $(528.6)3   $(574.1)   $(451.0)
Employee Wages and Benefits
Canada 165.65   190.53   188.4   186.4
US 1.1   1.9   2.2   n/av
Peru 16.2   11.9   6.6   n/ap
Chile 1.2   1.8   n/ap   n/ap
Colombia 1.2   1.3   n/ap   n/ap
Total $185.3   $207.43   $199.4   $189.9
Payments to Government
Taxes paid6, 7, 8
Canada 5.8   59.3        
US 0.0   0.7        
Peru 1.6   0.0        
Chile 0.0   0.0        
Colombia 0.0   0.2        
Total $7.49   $60.2   $90.0   $82.9
Municipal taxes and grants
Canada 7.8   7.5        
US 0.7   0.0        
Peru 0.0   0.0        
Chile 0.0   0.0        
Colombia 0.0   0.0        
Total $8.5   $7.5        
Penalties and interest paid
Canada 0.0   0.0        
US 0.0   0.0        
Peru 0.0   0.0        
Chile 0.0   0.0        
Colombia 0.0   0.0        
Total $0.0   $0.0        
Payments to Providers of Capital
Dividends paid $18.9   $34.4   $34.4   $14.9
Interest payments made to providers of loans $58.5   $0.0    
Financing fees paid
Canada 2.9   6.0    
Peru 0.0   4.6    
Total $2.9   $10.6    
Other interest paid
Canada 0.0   0.1    
Peru 0.0   0.0    
Total $0.0   $0.1    
Capital expenditures – cash flow basis $905.0   $510.5   $254.5   $117.6
Cash and cash equivalents $631.4   $1,337.1   $899.1   $901.7
Community investment (in $000s)10
Canada 317.8   431.6   478.0   620.4
US 49.9   55.7   0.0   7.0
Peru11 4,204.9   756.0   427.0   n/ap
Chile 0.0   0.0        
Colombia 0.0   22.4        
Subtotal – community investment $4,572.6   $1,265.7   $1,167.0   $1,290.6
Charitable donations (in $000s)10
Canada 352.3   627.3        
US 0.0   5.0        
Peru 0.0   0.0        
Chile 0.0   0.0        
Colombia 0.0   1.1        
Total charitable donations $352.312   $633.4   $536.0  
Total community investments and donations $4,924.9   $1,899.1   $1,703.0   $1,291.0
Payments – local communities for land use
(in $000s)13
Peru11 11,324.3   24,313.3   73.0  
Total land use payments $11,324.3   $24,313.3   $73.0  
Resettlement investment
(in $000s)
Peru11 16,429.9   8,262.4   n/ap   n/ap
Total resettlement investment $16,429.9   $8,262.4   n/ap   n/ap
Mine production (contained metal in concentrate)14
Copper (000 tonnes) 29.9   39.6   54.3   52.4
Zinc (000 tonnes) 86.5   80.9   75.8   77.3
Gold (000 troy ounces) 79.2   86.6   94.6   87.2
Silver (000 troy ounces) 772.5   824.0   875.8   843.4
Metal production
Zinc metal (000 tonnes) 96.3   100.73   107.7   100.0
Copper (000 tonnes) 0   0   0   19.8
Gold (000 troy ounces) 0   0   0   35.6
Silver (000 troy ounces) 0   0   0   372.3
  1. 1

    Totals for 2010 and 2011 include all sites reported in those years. Details may not be shown for sites disposed of prior to 2012.

  2. 2

    In fiscal 2011, Hudbay adopted the International Financial Reporting Standards (IFRS) with a transition date of January 1, 2010. The data shown in this report for 2010 and subsequent years is therefore in conformity with IFRS.

  3. 3

    Restatement: Operating costs and profit/loss before tax for fiscal 2012 reflect the adjustments required by the revised IAS 19, Employee Benefits.

  4. 4

    Revenues and operating costs may differ from those in our financial statements due to GRI definitions. For example: Revenues include gross financial income as well as product sales; operating costs exclude depreciation and impairment, include exploration costs net of tax credits. Profit before tax is as presented in Hudbay’s financial statements.

  5. 5

    Decrease is mainly the result of a large pension adjustment in 2012, and reduced profit in 2013.

  6. 6

    Profit-based taxes including income and mining taxes are reported on an annual cash taxes paid basis starting in 2012, which conforms with the amounts reported in Hudbay’s financial statements. Consumption-based taxes are reported on the net payments to governments considering both tax credits generated from consumption taxes paid along with consumption tax collected on sales. No consumption taxes are reported if no payments are expected on a net basis, and no payments are disclosed if the amounts paid are recoverable in the future.

  7. 7

    Taxes were not detailed by country for 2010 and 2011.

  8. 8

    For 2010 and 2011, municipal taxes, penalties and interest paid are included in the total line for “Taxes paid”.

  9. 9

    In addition to this amount, payroll taxes paid as a result of Hudbay’s capacity as an employer including employee taxes withheld were approximately $55.3M, and other payments to governments associated with Hudbay mining operations such as fees paid to government agencies and payments for infrastructure improvements were approximately $3.1M.

  10. 10

    For 2010, charitable donations are included in the community investment lines. Donations were not detailed by country in 2011.

  11. 11

    The amount shown for Peru community investments in 2014 may include amounts related to land use agreements and/or resettlement. We are working to clarify this allocation in our next report.

  12. 12

    Political contributions included in donation total: We made total political contributions of $7,500 as a Consolidated Group all related to Canada. (SO6)

  13. 13

    These figures do not include land use payments to government.

  14. 14

    Includes 100% of Reed mine production.

  15. Note:

    Blank spaces exist for a number of reasons, primarily related to changes in operations and/or changes to reporting guidance.

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