The following table sets forth certain summary consolidated financial information for the three and nine months ended September 30, 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 Septemer 30: |
| | | | | | |
| (000's) | Guarantor - Issuer | Guarantor - Credit Supporters | Non Guarantor - Others | Consolidating adjustments1 | Consolidated Hudbay total |
| | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 |
| Total revenue | - | - | 132,804 | 156,901 | 178,620 | 131,662 | - | (18,755) | 311,424 | 269,808 |
| Profit (loss) continuing operations - attributable to owners | 5,353 | 12,135 | 46,476 | 15,274 | 8,254 | (8,605) | (26,512) | (30,637) | 33,571 | (11,833) |
| Profit (loss) - attributable to owners | 5,353 | 12,135 | 46,476 | 15,274 | 8,254 | (8,605) | (26,512) | (30,637) | 33,571 | (11,833) |
| For the nine months ending September 30 2016: |
| | | | | | |
| (000's) | Guarantor - Issuer | Guarantor - Credit Supporters | Non Guarantor - Others | Consolidating adjustments1 | Consolidated Hudbay total |
| | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 |
| Total revenue | - | - | 372,534 | 446,884 | 439,490 | 166,488 | - | (63,962) | 812,024 | 549,410 |
| Profit (loss) continuing operations - attributable to owners | (11,332) | (23,419) | 23,589 | (17,651) | 19,085 | (31,386) | (19,262) | (3,504) | 12,080 | (75,960) |
| Profit (loss) - attributable to owners | (11,332) | (23,419) | 23,589 | (17,651) | 19,085 | (31,386) | (19,262) | (3,504) | 12,080 | (75,960) |
| As at September 30, 2016 and December 31, 2015: |
| | | | | | |
| (000's) | Guarantor - Issuer | Guarantor - Credit Supporters | Non Guarantor - Others | Consolidating adjustments1 | Consolidated Hudbay total |
| | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 |
| Current assets | 87,242 | 60,041 | 129,301 | 116,856 | 240,741 | 256,915 | - | 1,366 | 457,284 | 435,178 |
| Non-current assets | 2,874,158 | 2,908,574 | 983,715 | 945,412 | 4,223,652 | 4,240,551 | (4,054,004) | (4,050,130) | 4,027,521 | 4,044,407 |
| Current liabilities | 59,809 | 34,143 | 124,963 | 128,433 | 134,301 | 213,626 | - | 1,363 | 319,073 | 377,565 |
| Non-current liabilities | 1,053,676 | 1,085,780 | 788,790 | 744,346 | 1,331,283 | 1,388,675 | (805,487) | (904,071) | 2,368,262 | 2,314,730 |
1This 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.
