Management's Discussion and Analysis of Results of Operations and Financial Condition For the three and six months ended June 30, 2024 August 12, 2024 TABLE OF CONTENTS Pag e INTRODUCTION This Management's Discussion and Analysis ("MD&A") dated August 12, 2024 is intended to supplement Hudbay Minerals Inc.'s unaudited condensed consolidated interim financial statements and related notes for the three and six months ended June 30, 2024 and 2023 (the "consolidated interim financial statements"). The consolida ...