Hudbay Minerals Inc
TSX:HBM

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Hudbay Minerals Inc
TSX:HBM
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Price: 12.42 CAD -1.66% Market Closed
Market Cap: 4.9B CAD

Hudbay Minerals Inc
Investor Relations

Hudbay Minerals Inc., a mid-tier mining company, has carved a significant presence in the global mining landscape through its strategic operations and focus on extracting essential minerals. Established in the early 20th century, Hudbay has consistently evolved, leveraging its expertise to explore and develop mineral deposits primarily in the Americas. The company’s primary operations are centered in Canada, Peru, and more recently, the United States, where it focuses on the exploration, production, and sale of base metals such as copper, zinc, and precious metals like gold and silver. These minerals are critical in various industries, from electronics to construction, offering Hudbay a diversified portfolio and a steady stream of revenue. The company’s Manitoba site in Canada and the Constancia mine in Peru have been pivotal in its growth, providing substantial output, while recent operations like the development in Arizona aim to bolster future prospects.

Hudbay's business model revolves around optimizing mineral extraction processes and expanding its production capabilities through both development and acquisition. By investing heavily in advanced technologies and sustainable mining practices, the company seeks not only to enhance operational efficiency but also to minimize environmental impact—a growing concern in the industry. Hudbay effectively navigates the dynamic commodities market by employing prudent hedging strategies to manage price volatility, thereby maintaining financial stability. Revenue is generated predominantly through the sale of extracted minerals to industrial clients and metal traders globally, a model that relies on consistent production levels and quality. Strategic foresight in project management and a keen eye on emerging opportunities have allowed Hudbay Minerals to remain a resilient player in the mining sector amidst ever-changing market conditions.

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HBM
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Earnings Calls

2024 Q3
Nov 13, 2024
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Hudbay Minerals Achieves Record Gold Production and Reduces Costs
2024 Q3
Nov 13, 2024

In Q3 2024, Hudbay Minerals demonstrated robust performance, achieving record gold output of 89,000 ounces, reflecting a 52% rise from Q2. Their consolidated cash costs improved significantly to $0.18 per pound of copper, down from $1.14 in the previous quarter. The company reaffirmed its production targets for 2024, predicting copper production at the lower range and gold at the upper range of guidance. Notably, they reduced cash cost guidance for 2024 to $0.65-$0.85 per pound, and for sustaining costs to $1.75-$2.20 per pound. The company maintained strong cash flow, generating $86 million in free cash, contributing to a gross debt reduction of nearly $300 million over the past year.

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Management

Mr. Peter Gerald Jan Kukielski Bsc, Msc
President, CEO & Director
No Bio Available
Mr. Chi-Yen Lei
Chief Financial Officer
No Bio Available
Mr. Andre Taylor Lauzon
Chief Operating Officer
No Bio Available
Mr. Patrick James Donnelly
Senior Vice President of Legal & Organizational Effectiveness
No Bio Available
Mr. Javier Del Rio
Senior VP of US Business Unit
No Bio Available
Mr. Olivier Tavchandjian P.Geo.
Senior Vice President of Exploration & Technical Services
No Bio Available
Ms. Candace Brule
Vice President of Investor Relations
No Bio Available
Mr. Mark Gupta
Vice President of Corporate Development
No Bio Available
Mr. Jon Alexander Douglas
VP & Treasurer
No Bio Available
Mr. Mark Haber
Executive Director of Legal & Corporate Secretary
No Bio Available

Contacts

Address
ONTARIO
TORONTO
Suite 800 - 25 York Street
Contacts