CSR Performance Data 2016 Targets

HEALTH AND SAFETY

Improve on our current three-year average lost time accident severity of 8.3
Improve on our three-year total recordable injury frequency average of 3.2
Implement a Visible Felt Leadership program for management – to achieve regular safety-focused workplace visits and constructive employee interactions by all levels of operations management (to CEO level)
Sustain our focus on learning from severe and high-potential incidents by ensuring uniform application of incident criteria, investigation process and corrective action follow-up at all business units

Implement a program to achieve company-wide exposure to human rights introductory video being developed with MAC and the Canadian government and connect to Hudbay policies and standards
Complete gap analysis for recently approved Community Giving and Investment Standard and Local Procurement and Employment Standard at each operating location and identify business unit defined action plans
Achieve Canadian Council for Aboriginal Business PAR (Progressive Aboriginal Relations) Bronze level or higher at our Manitoba Business Unit

Anti-bribery and anti-corruption refresher training for board members
Adopt Shareholder Engagement Policy encouraging shareholders to communicate directly with the Board of Directors
Achievement of ISO 14001 and OHSAS 18001 management system certification for the Constancia operation

Through efficiency improvements, combined with cost containment efforts, achieve 2016 capital expenditure and operating cost reductions of more than $100 million, compared to 2016 guidance, while maintaining or improving on production guidance
Enhance Hudbay’s liquidity position in the current commodity price environment by consolidating the lender groups and restructure Hudbay’s two secured credit facilities (2016 objective achieved in Q1)
Build on the 2015 technical and permitting work at the Rosemont project to complete the Definitive Feasibility Study and continue progress on the outstanding permits