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Fourth Quarter 2021 Results February 24, 2022
February 24, 2022Global Metals and Mining Conference
2Caution Regarding Forward-Looking Statements
Both these slides andtheaccompanying oralpresentation contain certain forward -looking information andforward -looking statements asdefined inapplicable securities laws (collectively referred toasforward -looking statements) .These statements
relate tofuture events orourfuture performance. Allstatements other than statements ofhistorical factareforward -looking statements .Theuseofanyofthewords “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”,
“potential”, “should”, “believe” andsimilar expressions isintended toidentify forward- looking statements .These statements involve known andunknown risks, uncertainties andother factors thatmay cause actual results orevents todiffer materially
from those anticipated insuch forward -looking statements .These statements speak only asofthedate ofthispresentation.
These forward -looking statements include, butarenotlimited to,statements concerning :forecast production; forecast operating costs, unitcosts, capital costs andother costs ;sales forecasts ;ourstrategies, objectives andgoals ;allguidance,
including, butnotlimited to,guidance relating toproduction, sales andunitcost, capital expenditure andwater treatment ;future prices andprice volatility forcopper, zinc, steelmaking coal, blended bitumen andother products andcommodities that
weproduce andsell, aswell asoil,natural gasandpetroleum products ;thedemand forandsupply ofcopper, zinc, steelmaking coal, blended bitumen andother products andcommodities thatweproduce andsell;expected mine lives andthe
possibility ofextending mine lives through thedevelopment ofnew areas orotherwise ;expected receipt ofregulatory approvals andtheexpected timing thereof ;expected receipt orcompletion ofprefeasibility studies, feasibility studies andother
studies andtheexpected timing thereof, theproduction capacity, planned production levels andfuture production ofouroperations andother development projects, including further Quebrada Blanca expansions orextensions ;ourexpectations
regarding ourQB2project, including expectations regarding timing offirstproduction, capital costs, mine life,mine operation, regulatory approvals and projected expenditures and ourexpectation thatQB2willdouble ourconsolidated copper
production by2023; expectations regarding ourProject Satellite properties, including timing offirstproduction; ourlong-andshort -term sustainability goals, including ourgoal toreduce carbon intensity by33% by2030 andtobecarbon neutral by
2050; upcoming maintenance atourTrail operations ;ourdividend policy andcapital allocation framework, including statements regarding potential returns toshareholders ;expectations related towater treatment capacity atoursteelmaking coal
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