Hudbay Minerals, Inc. (NYSE:HBM) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET

Company Participants

Candace Brule - VP, IR

Peter Kukielski - President, CEO & Director

Steven Douglas - SVP & CFO

André Lauzon - SVP & COO

Conference Call Participants

Jackie Przybylowski - BMO Capital Markets

Ralph Profiti - Eight Capital

Orest Wowkodaw - Scotiabank

Lawson Winder - Bank of America Securities

Greg Barnes - TD Securities

Karl Blunden - Goldman Sachs

Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Hudbay Minerals Inc. Second Quarter 2022 Results Conference Call. [Operator Instructions] I would like to remind everyone that this conference call is being recorded today, August 09, 2022, at 8:30 A.M. Eastern Time.

I would now turn the conference over to Candace Brule, Vice President, Investor Relations. Please go ahead.

Candace Brule

Thank you, operator. Good morning, and welcome to Hudbay's 2022 second quarter results conference call. Hudbay's financial results were issued yesterday and are available on our website at www.hudbay.com. A corresponding PowerPoint presentation is available, and we encourage you to refer to it during this call. Our presenter today is Peter Kukielski, Hudbay's President and Chief Executive Officer; Accompanying Peter for the Q&A portion of the call will be Steve Douglas, our Senior Vice President and Chief Financial Officer; André Lauzon, our Senior Vice President and Chief Operating Officer; and Eugene Lee, our Senior Vice President, Corporate Development and Strategy.

Please note that comments made on today's call may contain forward-looking information, and this information, by its nature, is subject to risks and uncertainties, and as such, actual results may differ materially from the views expressed today. For further information on these risks and uncertainties, please consult the company's relevant filings on SEDAR and EDGAR. These documents are also available on our website. As a reminder, all amounts discussed on today's call are in U.S. dollars unless otherwise noted.

And now I'll pass the call over to Peter Kukielski. Peter?

Peter Kukielski

Thank you, Candace. Good morning, everyone, and thanks for joining us. Over the quarter, we’ve seen a volatile commodity markets and continued inflationary pressures that have affected industries across the globe. At Hudbay, we continue to focus on operating efficiencies and effective risk management systems in order to mitigate these forces.

As you’ve seen in today’s presentation, we had a strong operating quarter with unit operating costs within guidance expectations and our consolidated cash costs benefit from our commodity diversification with higher gold byproduct credits. As a result, we have reaffirmed our 2022 production and cost guidance.