EX-99.3 4 exhibit99-3.htm EXHIBIT 99.3 HudBay Minerals Inc.: Exhibit 99.3 - Filed by newsfilecorp.com

The following table sets forth certain summary consolidated financial information for the three months ended March 31, 2016 and 2015 in respect of HudBay Minerals Inc. (“Hudbay”) and its subsidiaries, certain of which are guarantors in respect of Hudbay’s $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 March 31:       
(000's)   Guarantor - Issuer     Guarantor - Credit Supporters     Non Guarantor - Others     Consolidating adjustments 1     Consolidated Hudbay total  
    2016     2015     2016     2015     2016     2015     2016     2015     2016     2015  
Total revenue   -     -     178,973     173,375     142,173     -     (67,521 )   (44,662 )   253,625     128,713  
Profit (loss) continuing operations - attributable to owners   (9,514 )   (23,871 )   (17,637 )   (3,746 )   8,179     (6,728 )   3,184     14,508     (15,788 )   (19,837 )
Profit (loss) - attributable to owners   (9,514 )   (23,871 )   (17,637 )   (3,746 )   8,179     (6,728 )   3,184     14,508     (15,788 )   (19,837 )

As at March 31, 2016 and December 31, 2015:
(000's)   Guarantor - Issuer     Guarantor - Credit Supporters     Non Guarantor - Others     Consolidating adjustments 1     Consolidated Hudbay total  
    2016     2015     2016     2015     2016     2015     2016     2015     2016     2015  
Current assets   73,196     60,041     131,635     116,856     258,699     256,915     172     1,366     463,702     435,178  
Non-current assets   2,970,624     2,908,574     1,006,723     945,412     4,289,839     4,240,551     (4,164,152 )   (4,050,130 )   4,103,034     4,044,407  
Current liabilities   73,203     34,143     132,414     128,433     140,590     213,626     172     1,363     346,379     377,565  
Non-current liabilities   1,127,823     1,085,780     839,577     744,346     1,430,276     1,388,675     (948,149 )   (904,071 )   2,449,527     2,314,730  

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.