This quarterly report represents an earnings surprise of 433.33%. A quarter ago, it was expected that this mining company would post earnings of $0.11 per share when it actually produced earnings of $0.20, delivering a surprise of 81.82%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. HudBay Minerals (HBM) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a ye ...

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") ((TSX, NYSE:HBM) today released its first quarter 2024 financial results. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine. "We delivered another consecutive quarter of strong operational and financial performance with steady free cash flow generation and further debt reduction," said ...

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") ((TSX, NYSE:HBM) senior management will host a conference call on Tuesday, May 14, 2024 at 11:00 a.m. ET to discuss the company's first quarter 2024 results. First Quarter 2024 Results Conference Call and Webcast Date:Tuesday, May 14, 2024Time:11:00 a.m. ETWebcast:www.hudbay.comDial in:1-416-764-8650 or 1-888-664-6383Additional Dial-in Hudbay plans to issue a news release containing the first quarter 2024 results be ...

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) senior management will host a conference call on Tuesday, May 14, 2024 at 11:00 a.m. ET to discuss the company’s first quarter 2024 results. First Quarter 2024 Results Conference Call and Webcast Date:Tuesday, May 14, 2024Time:11:00 a.m. ETWebcast:www.hudbay.comDial in:1-416-764-8650 or 1-888-664-6383Additional Dial-in Hudbay plans to issue a news release containing the first quarter 2024 results be ...

Management's Discussion and Analysis of Results of Operations and Financial Condition February 22, 2024 TABLE OF CONTENTS | I | n | t | r | o | du | c | t | i | o | n | 1 | O | u | r | B | u | s | i | n | e | s | s | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Hudbay Minerals Inc. (NYSE:HBM) Q4 2023 Earnings Call Transcript February 23, 2024 11:00 AM ET Company Participants Candace Brule - VP, IR Peter Kukielski - President and CEO Eugene Lei - CFO Andre Lauzon - COO Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital Lawson Winder - Bank of America Jackie Przybylowski - BMO Capital Markets Stefan Ioannou - Cormark Securities Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Hudbay Minerals' Four ...

Q4 2023 RESULTS PRESENTATION FEBRUARY 23, 2024 This presentation contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "guidance", "scheduled", "estimates", "forecasts", "strategy", "t ...

Financial Data and Key Metrics Changes - In Q3 2023, the company nearly doubled its copper equivalent production compared to Q2, with copper accounting for 65% of consolidated revenues and approximately 42,000 tons produced, a 93% increase from the previous quarter [3][30] - Consolidated cash costs for the quarter were $1.10 per pound, a significant improvement from the second quarter, driven by strong copper and gold production [19][31] - The company generated over $110 million in free cash flow during the quarter, primarily due to higher copper sales volumes [31][46] - Net debt was reduced to $1.13 billion, reflecting a $58 million decline, which improved the net debt to EBITDA ratio [47] Business Line Data and Key Metrics Changes - Peru operations produced 29,000 tons of copper and 41,000 ounces of gold in Q3, with cash costs at a record low of $0.83 per pound, a 61% improvement from Q2 [66][64] - Manitoba operations produced 56,000 ounces of gold, 3.6 thousand tons of copper, 10,000 tons of zinc, and 265,000 ounces of silver, with gold cash costs decreasing to $670 per ounce, a 39% reduction from the previous quarter [34][71] - The Copper Mountain Mine produced 9.3 thousand tons of copper, 4.6 thousand ounces of gold, and 101 thousand ounces of silver, with cash costs at $2.67 per pound [72][74] Market Data and Key Metrics Changes - The company expects to achieve full-year production guidance for all metals, with gold production trending towards the lower end of guidance and copper and zinc production towards the upper end [35][29] - The company anticipates strong production in Q4, benefiting from higher grades and recoveries, particularly in Peru [22][30] Company Strategy and Development Direction - The company is focused on advancing its deleveraging efforts while maintaining disciplined capital spending, with total capital expenditures expected to be approximately $30 million lower than previous guidance [18][48] - The company is exploring potential partnerships and optimizing operations at Copper Mountain, with a focus on stabilizing and improving throughput [76][90] - The company has entered into agreements to consolidate land holdings in Snow Lake, aiming to find new deposits to extend the life of operations beyond 2038 [54][110] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position for continued cash flow generation and emphasized the importance of delivering on operational efficiencies and capital allocation [81][78] - The company highlighted the strong long-term fundamentals for copper, driven by global decarbonization initiatives, positioning itself to benefit from this outlook [110] Other Important Information - The company completed the Rockcliff acquisition, expanding land holdings in Snow Lake and consolidating ownership of the Talbot Copper Gold Deposit [17][109] - The pre-feasibility study for Phase 1 at Copper World indicates a simplified project design with an anticipated initial capital expenditure of $1.3 billion and significant annual EBITDA contributions [49][51] Q&A Session Summary Question: What is the current status of the Copper World JV process? - Management indicated that the process will kick off once permits are secured, which will significantly de-risk the project and enhance value for potential partners [4][100] Question: How much of the capital expenditure reduction is due to deferrals versus efficiencies? - Management stated that the capital savings are a combination of both deferrals and efficiencies, with $30 million in savings across various operations [93][94] Question: What are the plans for future optimizations in Snow Lake? - Management highlighted the potential for exploration and optimization in Snow Lake, focusing on increasing throughput and recovery rates at the New Britannia mill [120][121]

CAUTIONARY INFORMATION 2 | --- | --- | --- | --- | --- | |-------|-------|------------------------------------------------------------------|--------------------------------------------------------------------|-------| | | | | | | | | | PERU DELIVERING HIGHER GRADES | COPPER MOUNTAIN INTEGRATION | | | | | Pampacancha high copper and gold grades drive strong production | Adding a third operating asset | | | | | Delivered on anticipated higher | Focus on mining fleet ramp up and improving mill reliability | | ...

Technical report in Q4 2023 Achieving higher grades to deliver strong H2 production U U On track to achieve full year production and cost guidance Brownfield expansion and greenfield exploration Lalor new discovered mineralized zones Cook Lake properties U Flin Flon exploration partnership with Marubeni PERU MANITOBA OUTLOOK 4 1.Contained metal in concentrate and doré. 2.Cash cost, sustaining cash cost and all-in sustaining cash cost per pound of copper produced, net of by-product credits. All-in sustaining ...