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HudBay Minerals Inc.

Hudbay Minerals Inc.

Hudbay is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Chumbivilcas (Peru), and copper projects in Arizona and Nevada (United States). The Company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. The Company is governed by the Canada Business Corporations Act and its shares are listed under the symbol “HBM” on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima.

For over 90 years, Hudbay has worked toward the goal of translating responsible mining into positively impacting people’s lives, local communities and broader regional economies. Our experience in building strong relationships and making a valuable contribution wherever we do business guides us as we expand our presence in the Americas.

When Hudbay started in 1927, our operations were based in Manitoba and our primary market was North America. Today, our company is international and our market is global.

This report provides internally assessed TSM performance results for both of our current operating business units.  The Manitoba Business Unit (MBU) is located in Flin Flon and Snow Lake, Manitoba. Our South American Business Unit (SABU) operation is located in the Chumbivilcas province of Peru.

In 2019, the MBU improved its performance against one protocol, but slipped on another.   The biodiversity protocol performance improved, while the aboriginal and community outreach performance fell back to A level for one indicator.  The MBU successfully maintained its rating across all tailings management, safety and health, energy use and greenhouse gas emissions and crisis management planning indicators.  Action was taken to address the requirements contained within the new water stewardship protocol.

At the Constancia operation in Peru, level AAA performance was maintained for the community outreach, biodiversity management, tailings management and health and safety management protocols.  The energy use target was not attained and thus impacted the performance for one indicator within this protocol, although improvements were attained for the other indicators.  Improvements were also made to enable a “yes” across all required components of crisis management planning. Action was taken to address the requirements contained within the new water stewardship protocol.

Both business units have continued work to ensure alignment with the updated tailings management guide, protocol and table of conformance.

For 2020, Hudbay is anticipating that its TSM performance results will at least be maintained across both operating Business Units.  Both locations are also working towards at least an A level performance against the new water stewardship protocol.

Several case studies highlighting Hudbay activity related to the TSM protocol subjects can be found in the annual sustainability reports which are available on its website.

For more information, please visit: www.hudbayminerals.com

2019 TSM Results

HudBay Minerals Inc.

Crisis Management and Communications Planning Assessment
Facility Crisis management and communications preparednessReviewTraining
HudBay Minerals Inc. – Corporate
Constancia (SABU)
Manitoba Business Unit
Results as of: Dec 09, 2020
Aboriginal and Community Outreach Assessment
Community of Interest (COI) identificationEffective COI engagement and dialogueCOI response mechanismReporting
Constancia (SABU)
Manitoba Business Unit

AAA

AA

A

B

C

Results as of: Dec 09, 2020
Safety and Health Assessment
Commitments and accountabilityPlanning and implementationTraining, behaviour and cultureMonitoring and reportingPerformance
Constancia (SABU)
Manitoba Business Unit

AAA

AA

A

B

C

Results as of: Dec 09, 2020
Tailings Management Assessment
Tailings management policy and commitmentTailings management systemAssigned accountability and responsibilityAnnual tailings management reviewOperation, maintenance and surveillance (OMS) manual
Constancia (SABU)
Manitoba Business Unit

AAA

AA

A

B

C

Results as of: Dec 09, 2020
Biodiversity Conservation Management Assessment
Commitment, accountability and communicationsConservation planning and implementationReporting
Constancia (SABU)
Manitoba Business Unit

AAA

AA

A

B

C

Results as of: Dec 09, 2020
Energy and GHG Emissions Management Assessment
Energy use and greenhouse gas emissions managementEnergy use and greenhouse gas emissions reporting systemsEnergy and greenhouse gas emissions performance targets
Constancia (SABU)
Manitoba Business Unit

AAA

AA

A

B

C

Results as of: Dec 09, 2020
Energy Use & Greenhouse Gas (GHG) Emissions Data
Facility Total Direct Emissions (Tonnes CO2e)Total Indirect Emissions (Tonnes CO2e)Total EmissionsTotal Energy Use (GJ)
Constancia (SABU)1097793987165084954102000
Manitoba Business Unit531873381565684225000
Results as of: Dec 09, 2020
International Initiatives
Industry Sustainability Initiatives
ICMM Sustainable Development Framework
WGC Conflict Free Gold Standard
ISO 14001 - EMS Standard
Management System Standards
OHSAS 18001
UN Global Compact
International Voluntary Initiatives
Extractive Industries Transparency Initiative
Voluntary Principles on Security and Human Rights
OECD Guidelines for Multinational Enterprises
AA 1000
Reporting, Disclosure and Transparency Standards
Global Reporting Initiative
Carbon Disclosure Project
Water Disclosure Project
Carbon Pricing Leadership Coalition
IFC Social and Environmental Performance Standards
Financing Standards
Dow Jones Sustainability Index
Listed on Socially Responsible Investing Indices
Jantzi Social Index
Responsible Jewellery
Industry Sustainability Initiatives
International Cyanide Code
Kimberley Process
Results as of: Jun 26, 2019

Letters of Assurance

HudBay Minerals Inc. | 2018 | TSM Letter of Assurance

HudBay Minerals Inc. | 2015 | TSM Letter of Assurance

HudBay Minerals Inc. | 2012 | TSM Letter of Assurance

HudBay Minerals Inc. | 2009 | TSM Letter of Assurance

HudBay Minerals Inc. | 2006 | TSM Letter of Assurance



Other TSM Results

TSM Results 2019

TSM Results 2018 (Externally Verified)

TSM Results 2017

TSM Results 2016

TSM Results 2015 (Externally Verified)

TSM Results 2014

TSM Results 2013

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