EX-99.3 4 a15-16389_1ex99d3.htm EX-99.3

Exhibit 99.3

 

 

The following table sets forth certain summary consolidated financial information for the six months ended June 30, 2015 and 2014 in respect of HudBay Minerals Inc. (“Hudbay”) and its subsidiaries, certain of which are guarantors in respect of Hudbay’s US$920,000,000 aggregate principal amount of 9.5% senior unsecured notes (the “Notes”) due October 1, 2020.  The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis, by Hudbay’s existing and future subsidiaries, other than unrestricted subsidiaries and certain excluded subsidiaries that include subsidiaries that own the Constancia and Rosemont projects; the Notes are guaranteed by: Hudson Bay Mining and Smelting Co., Limited, Hudson Bay Exploration and Development Company Limited and HudBay Marketing & Sales Inc.

 

This disclosure is being provided pursuant to Part 13.4 of National Instrument 51-102.  Additional continuous disclosure relating to Hudbay can be found on the System  for  Electronic  Document  Analysis  and  Retrieval (“SEDAR”) at www.sedar.com and on the Electronic Data Gathering, Analysis, and Retrieval system (“EDGAR”) at www.sec.gov.

 

 

 

For the three months ending June 30:

 

 

 

Guarantor - Issuer

 

Guarantor - Credit Supporters

 

Non Guarantor - Others

 

Consolidating adjustments 1

 

Consolidated Hudbay total

 

(000’s)

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

Total revenue

 

 

 

143,374

 

162,861

 

43,068

 

 

(663

)

(23,532

)

185,779

 

139,329

 

Profit (loss) continuing operations - attributable to owners

 

(2,751

)

7,138

 

(47,540

)

(6,320

)

(18,365

)

(15,094

)

13,438

 

14,528

 

(55,218

)

252

 

Profit (loss) - attributable to owners

 

(2,751

)

7,138

 

(47,540

)

(6,320

)

(18,365

)

(15,094

)

13,438

 

14,528

 

(55,218

)

252

 

 

 

 

For the six months ending June 30:

 

 

 

Guarantor - Issuer

 

Guarantor - Credit Supporters

 

Non Guarantor - Others

 

Consolidating adjustments 1

 

Consolidated Hudbay total

 

(000’s)

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

Total revenue

 

 

 

360,010

 

269,640

 

43,068

 

 

(56,647

)

(23,532

)

346,431

 

246,108

 

Profit (loss) continuing operations - attributable to owners

 

(31,484

)

(5,882

)

(52,219

)

(8,119

)

(26,617

)

(29,439

)

31,399

 

16,563

 

(78,921

)

(26,877

)

Profit (loss) - attributable to owners

 

(31,484

)

(5,882

)

(52,219

)

(8,119

)

(26,617

)

(29,439

)

31,399

 

16,563

 

(78,921

)

(26,877

)

 

 

 

As at June 30, 2015 and December 31, 2014:

 

 

 

Guarantor - Issuer

 

Guarantor - Credit Supporters

 

Non Guarantor - Others

 

Consolidating adjustments 1

 

Consolidated Hudbay total

 

(000’s) 

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

2015

 

2014

 

Current assets

 

73,907

 

88,103

 

240,448

 

240,941

 

305,912

 

199,400

 

 

6,372

 

620,267

 

534,816

 

Non-current assets

 

3,471,411

 

3,265,276

 

1,395,823

 

1,335,585

 

7,466,258

 

6,568,215

 

(6,762,249

)

(6,076,384

)

5,571,243

 

5,092,692

 

Current liabilities

 

47,808

 

43,575

 

175,155

 

181,025

 

255,479

 

201,637

 

 

7,455

 

478,442

 

433,692

 

Non-current liabilities

 

1,301,220

 

1,092,096

 

1,271,427

 

1,177,109

 

1,913,281

 

1,667,451

 

(1,341,476

)

(1,189,560

)

3,144,452

 

2,747,096

 

 


1 This column includes all necessary amounts to eliminate all intercompany balances between the Guarantor credit supporters and the non-guarantor others, and other adjustments to arrive at the information for Hudbay on a consolidated basis.