Hudbay Minerals Inc. (NYSE:HBM) Q3 2023 Earnings Call Transcript

Dalton Baretto : Great. Thank you, Andre. And then maybe if I can squeeze the last one in for you Peter or Eugene. On the Copper World JV process, where are you in that process right now? And do you anticipate the project design changing at all in the feasibility study once you have a partner in place?

Peter Kukielski: Thanks, Dalton. No, not really. Remember that the pre-feas, it was a good pre-feasibility study based on in many cases, sort of a definitive feasibility level in engineering. So I don’t anticipate changes during the feasibility study process. But at the same time, we would like to afford a partner, the ability to tweak elements of the design if needed or if appropriate or if it creates value. Where we are right now is that we feel that the process is best left to kick off around about the time that we have certainty with respect to the issue of our permits. Because once we have the permits in hand, of course the project becomes very, very significantly de-risked and offers us the opportunity to probably get more value out of a potential partner.

That said, we’re moving towards – we’re sort of doing quite a lot of work with potential partners to get people up to speed. So that when we kick a process off as we get the permits, it becomes a much more efficient process.

Dalton Baretto : That’s great. Thank you, Peter. That’s all for me.

Peter Kukielski : Thanks, Dalton.

Operator: This concludes the question-and-answer session. I would like to turn the conference back over to Candace Brûlé for any closing remarks.

Candace Brûlé: Thank you, operator, and thank you everyone for joining us today. If you have any further questions, please reach out to our investor relations team. Thank you and have a great day.

Operator: Ladies and gentlemen, this concludes the conference call for today. You can now disconnect your lines.