Hudbay Minerals Inc
F:OCKA

Watchlist Manager
Hudbay Minerals Inc Logo
Hudbay Minerals Inc
F:OCKA
Watchlist
Price: 20.95 EUR 2.1%
Market Cap: €8.2B

Hudbay Minerals Inc
Investor Relations

Hudbay Minerals is a mining company that explores for, develops, and operates mines that produce copper, gold, zinc, and silver. It earns most of its money by selling these metals to industrial buyers and smelters, who use them in wiring, construction, manufacturing, and other heavy industries. In simple terms, Hudbay sits in the middle of the raw-material supply chain: it pulls ore from the ground, processes it into concentrate or metal products, and sells those outputs to the market. The company’s business depends on a small number of large mining assets, plus the technical work needed to keep those mines running. That includes drilling, mine planning, crushing and processing ore, and moving product to customers or ports. Because mining is capital-heavy and long-lived, Hudbay spends heavily on equipment, mine development, and environmental and safety obligations before it can earn cash from a project. What makes Hudbay’s model different is that it is tied to both precious metals and industrial metals. Gold can help support returns when copper or zinc prices are weak, while copper gives the business exposure to long-term demand from power grids, electrification, and construction. For investors, Hudbay is best understood as a hard-asset producer whose results are driven by metal prices, mine performance, and the cost of extracting ore from each site.

Show more
Loading...
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 1, 2026
AI Summary
Q1 2026

Record quarter: Hudbay said Q1 2026 delivered record revenue, record adjusted EBITDA, and record adjusted earnings, helped by stronger metal prices, steady operations, and tight cost control.

Cash flow: The company generated $102 million of free cash flow after sustaining capital and ended the quarter with over $1 billion in cash and cash equivalents and $1.4 billion of total liquidity.

Costs: Consolidated cash costs hit a record low of negative $1.80 per pound of copper, with byproduct gold credits helping offset cost pressures.

Guidance: Management said all operations remain on track to meet 2026 production and cost guidance, despite higher fuel prices and some labor issues in Manitoba.

Growth pipeline: Hudbay highlighted progress at Copper World, the planned acquisition of Arizona Sonoran and Cactus, and New Ingerbelle, framing them as key drivers of long-term copper growth.

Capital allocation: Management said it is prioritizing Copper World, debt reduction, brownfield growth, and only then shareholder returns; it did not commit to a set buyback amount in 2026.

Key Financials
Revenue
$757 million
Adjusted EBITDA
$422 million
Adjusted earnings
$159 million
Adjusted earnings per share
$0.40 per share
Cash generated from operating activities
$211 million
Free cash flow
$102 million
Trailing 12-month free cash flow
approximately $400 million
Cash and cash equivalents
over $1 billion
Total liquidity
$1.4 billion
Net debt
nearly $0
Consolidated copper production
28,000 tonnes
Consolidated gold production
62,000 ounces
Consolidated cash costs
negative $1.80 per pound of copper
Sustaining cash costs
$0
Gold revenue mix
39% of gross revenues
Peru copper production
21,000 tonnes
Peru gold production
9,000 ounces
Peru silver production
530,000 ounces
Peru molybdenum production
380 tonnes
Peru mill throughput
approximately 90,700 tonnes per day
Peru throughput capacity
31.1 million tonnes
Peru cash costs
$0.70 per pound of copper
Manitoba gold production
48,000 ounces
Manitoba copper production
250,000 tonnes
Manitoba zinc production
5,000 tonnes
Manitoba silver production
213,000 ounces
Manitoba gold cash cost
$408 per ounce
Copper Mountain copper production
4,800 tonnes
Copper Mountain gold production
5,200 ounces
Copper Mountain silver production
43,000 ounces
Copper Mountain cash cost
$2.41 per pound of copper
3-year copper production outlook
147,000 tonnes per year
3-year gold production outlook
243,000 ounces per year
Copper World DFS completion
above 85% complete
Mason project spend
approximately $20 million
Earnings Call Recording
Other Earnings Calls

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
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett