Hudbay Minerals Inc
HBM
ISIN null / Valor 2027766
Hudbay Minerals Inc
UMushroom community rating:
About company
Hudbay Minerals Inc is a copper-focused mining company with operations in Canada, Peru, and the United States. The company's primary metal production is copper, with additional gold production. Hudbay has a growth pipeline that includes projects in Arizona, Nevada, and Peru, as well as expansion and exploration opportunities near its existing operations. The company's long-term growth strategy aims to drive sustainable value for shareholders and the communities in which it operates, focusing on building low-cost mines in mining-friendly jurisdictions. Hudbay is committed to responsible mining and sustainable development, fostering trust-based relationships with community and government partners to operate mines without social conflict. The company places a strong emphasis on attracting and retaining top-tier talent to sustain its competitive advantages in exploration, mine building, and ESG initiatives.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (05.10.2025):
Hudbay Minerals Inc. reported record-breaking financial results for the third quarter of 2023, demonstrating significant growth in revenue, production, and cash flow. The company achieved robust copper and gold production levels, benefitted from enhanced operational efficiencies, and made substantial progress in reducing debt, all while maintaining strong guidance for the full year.
Record Quarterly Revenue
Hudbay Minerals Inc. achieved a record quarterly revenue of $480.5 million in Q3 2023, driven by strong consolidated copper production of 41,964 tonnes and consolidated gold production of 101,417 ounces.
Increased Operating Cash Flow
The company delivered a significant increase in operating cash flow before changes in non-cash working capital, totaling $182.0 million in the third quarter compared to $55.9 million in the second quarter.
Improved Cash Costs
Consolidated cash cost per pound of copper produced improved by 31% to $1.10, and sustaining cash costs decreased to $1.89 in Q3 2023, reflecting enhanced operational efficiencies and higher production grades.
Strong Production Performance
Consolidated copper production saw a 93% increase to 41,964 tonnes, while gold production rose by 107% to 101,417 ounces. Increased production was driven by higher grades in Peru and Manitoba and the first full quarter of production from the Copper Mountain mine.
First Full Quarter of Copper Mountain Operations
The integration of Copper Mountain contributed 9,303 tonnes of copper production at a cash cost of $2.67 per pound, marking the first full quarter of operations and ongoing stabilization efforts.
Net Earnings and Earnings Per Share
Hudbay reported net earnings of $45.5 million and earnings per share of $0.13 for Q3 2023. Adjusted earnings per share were $0.07 after accounting for non-cash items.
Increased Liquidity and Reduced Debt
Cash and cash equivalents increased by $65.5 million to $245.2 million, while net debt was reduced to $1,132 million. Adjusted EBITDA reached $190.7 million, the highest in five years, enhancing the company's financial stability.
Reaffirmed Full-Year Guidance
Hudbay reaffirmed its full-year 2023 production, cash cost, and sustaining cash cost guidance for its Peru and Manitoba operations, updating consolidated guidance to include Copper Mountain’s contributions.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6486 M
Market cap (USD)
2,446,038
Daily traded volume (Shares)
11.66 / 11.39
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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