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THOM © 2015 prohibiteThomso
TET E OCs
MSON REUTERS
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THOMSON REDITED TRATCK.B.TO -
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OVERVIEWCo. reporteshareholders
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REUTERS SANSCRIPT Q2 2015 Te
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R P O R A Teg Waller Ten Lindsay Tn Millos TecKilgour Tec
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LY 23, 201
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g Waller - T
od morning, ore we begins contain forse actual resh that, I'd like
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nd thank yodraw your ag statements
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we achieveance was 6
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D65 million. ve and we p
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reduced ourguidance forAD317 millio
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finally, as p
king at our zreported in eved commee April 1.
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5 / 03:00PM
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ights reserved. Republicen consent of Thomsonted companies.
d record samillion tonne
ng oversuppes. Spot pric
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up 200,000shutdowns bportation costion and amo
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les in the fires.
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to normal serate at Trailained zinc in
p, principallyeille contribut
Q2 2015 Te
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he year. Tha
and indicatioCAD15 persales are prange at 87
CAD6 per ton
compared toWe also sigsts have falp 6% to CAD
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dollar terms.
ch of our coaon tonnes.
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was up 8%y 10,000 tonn
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% to CAD704nes.
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ore reserves.
elated resultsPend Oreilled in our profi
ed zinc salese 28 and weh the norma
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As I 2,00conc LoweQ3 a Over Turnachie As oexpecom Thescontunde As I'havinwhilecomproje With
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mentioned e0 tonnes pe
centrate is ex
er refined leas well as a
rall, gross pr
ning to an upeved as per
of the end of ect to be mmissioning.
se photos ginuing and erway.
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h that, I will tu
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s were CADAntamina re
er these itemking capital, line with ou
h the changroximately C
ing on to sliative pricing od last yeastments are
e chart on threported serter. And, a
5 / 03:00PM
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ights reserved. Republicen consent of Thomsonted companies.
earlier, Pender day of oxpected to b
ead productireduction in
rofit before d
pdate on Forplan.
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give you a off-site mod
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d Oreille’s rere throughp
be achieved
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CK.B.TO - Q
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estart was coput in June.
by the end o
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ide 9. We ar
es were 85%by year end
he scale of ation, site c
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old streams22.
stments for mpared with $0.13 from
e statement
mplified relatnd usually pder refining
Q2 2015 Te
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tent, including by framinReuters logo are registe
ompleted in Annualized
of Q3.
annual KIVCace condition
zation was 2
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% complete.d. At that p
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2% higher at
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The mill rea capacity of
wn which wa
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ipment and s facility co
like Fort Hilssure on labnagement, wok forward terate.
uarter.
e 10. Our cading Fort Hidebt and CA
ge translationts of around
arlier, our c
prices resuments of CA
and zinc wncome and e
hange in copate of our pes in the C
arnings Call
ached desigf 44,000 ton
as advanced
illion.
cal mileston
complete a18 months
material dnstruction a
lls with capibor and contwith the projeto the comp
ash flow fromills. CapitalizAD42 million
n, and other CAD1.3 bil
current cash
lted in CADAD19 million was down expense.
pper and zinpricing adjus
Canadian an
l
n capacity onnes of zinc
d to Q2 from
nes are being
nd we woulds away from
eliveries areare now we
ital spendingtractors. Andect only 35%
pletion of the
m operationszed strippingn of principle
r changes olion, and this
h balance is
D32 million oin the same$0.04.These
nc prices andstment each
nd US dolla
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JUL
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hange rate suld also cons
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ur $3 billion une 2017. Aacollo whichsaction is noon as of the e
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m the rest of of facilities
e is no credis to mainta
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current cashnding the y
duction volumassuming th
with that, I'll
n Lindsay -
anks, Ron. Aments we'venot take.
5 / 03:00PM
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ights reserved. Republicen consent of Thomsonted companies.
hould be cosider taxes a
credit ratingsthe current e
grade credite is a limit to
on a numbets and haveproject beinwith the July
plemented pe enhanced al for furtheal committed
t the qualitysify our comcontinue to t
dity on slide now have twrevolving facAnd again h generatedot treated asend of day y
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production cour cash po
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ed availableapex remainss. These cundrawn wogger regardinto debt plusconcerns w
n to be off sid
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is of the impyzing the im
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n Lindsay -
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duction levels
5 / 03:00PM
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e believe thaning on the che long term
mmodity priceand the ratine is not mucg, and that's
and that we wand to resto
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n Lindsay -
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