Hudbay Minerals (HBM) Company Report

Hudbay Minerals Inc. reported revenue of $346.8 million and net income of $222.4 million for the third quarter of 2025, with basic and diluted earnings per share of $0.56.
The company achieved consolidated copper production of 24,205 tonnes and gold production of 53,581 ounces in Q3 2025, despite temporary operational interruptions from wildfire evacuations in Manitoba and social unrest in Peru.
Hudbay reaffirmed its full-year 2025 consolidated production guidance for copper and gold to be near the low end of the ranges and improved its full-year 2025 consolidated cash cost guidance to $0.15 to $0.35 per pound copper.
The company continued to reduce debt, repurchasing an additional $13.2 million of senior unsecured notes in Q3 2025, contributing to $328.1 million in total debt repayments and gold prepayment liability reductions since the beginning of 2024.

Nov 13, 2025, 5:17 PM

Hudbay Reports Q3 2025 Results, Updates Guidance, and Secures Copper World JV Partner

HBM

Earnings

Guidance Update

New Projects/Investments

Hudbay reported Q3 2025 consolidated copper production of 24,000 tons and gold production of 54,000 ounces, with Adjusted EBITDA of $143 million and adjusted net earnings of $0.03 per share.
The company significantly improved its full-year consolidated cash cost guidance to $0.15-$0.35 per pound of copper and consolidated sustaining cash cost guidance to $1.85-$2.25 per pound of copper, while also reducing total capital expenditures by $35 million.
Hudbay secured Mitsubishi as a 30% joint venture partner for the Copper World project, which will provide $600 million and reduce Hudbay's estimated share of remaining capital to approximately $200 million. The Copper World sanction decision is expected in 2026 with first production in 2029.
The company reduced total debt and gold prepay liabilities by approximately $330 million since the beginning of 2024, ending Q3 2025 with $1.04 billion in total liquidity and a net debt-to-EBITDA ratio of 0.5 times.

Nov 12, 2025, 4:00 PM

Hudbay Resumes Operations at Constancia Mine in Peru

HBM

Guidance Update

Hudbay Minerals Inc. has resumed operations at its Constancia mine in Peru following a temporary shutdown that began on September 22nd due to local protests and illegal blockades.
The mill at Constancia is now operating at full production levels.
Despite the disruption, Hudbay continues to expect to meet its 2025 production and cost guidance ranges.
A 20,000 dry metric tonne copper concentrate shipment was deferred from late September to early October, impacting third-quarter sales volumes, but was subsequently sold early in the fourth quarter.

Oct 7, 2025, 5:26 PM

Hudbay Resumes Operations at Constancia Mine in Peru

HBM

Guidance Update

Hudbay Minerals Inc. has resumed operations at its Constancia mine in Peru following a temporary shutdown caused by local protests and illegal blockades.
Operations were suspended on September 22nd as a precautionary measure, and the mill is now operating at full production levels.
The company continues to expect to meet its 2025 production and cost guidance ranges.
A 20,000 dry metric tonne copper concentrate shipment was deferred from late September to early October, impacting third-quarter sales volumes, but was subsequently sold early in the fourth quarter.

Oct 7, 2025, 11:00 AM

Hudbay Minerals Comments on Peru Social Unrest and Constancia Mine Operations

HBM

Guidance Update

Hudbay Minerals Inc.'s Constancia mine in Peru has been impacted by local protests and illegal blockades, leading to the temporary shutdown of its mill as a safety precaution.
The company has temporarily demobilized its non-essential workforce and plans to use the mill downtime for preventative maintenance.
Despite these temporary disruptions, Hudbay does not expect them to impact its ability to meet its 2025 production and cost guidance range.

Sep 24, 2025, 1:25 AM

Hudbay Minerals Temporarily Shuts Down Peru Constancia Mine Amid Protests

HBM

Guidance Update

Legal Proceedings

Hudbay Minerals has temporarily shut down its Constancia mine mill in southern Peru due to escalating local protests and illegal blockades amid nationwide social unrest.
Despite the operational halt, Hudbay remains confident that its 2025 production and cost guidance will not be impacted, as the company is using the downtime for preventative and scheduled mill maintenance.
Following the announcement, shares of Hudbay Minerals fell 5.7% on the Toronto Stock Exchange, valuing the company at $7.38 billion.
The unrest reflects broader tensions in Peru's southern mining corridor, though BMO Capital Markets noted that Hudbay has historically experienced lower disruption risk compared to peers in the region since 2011.

Sep 23, 2025, 11:38 PM

Hudbay Resumes Snow Lake Operations

HBM

Guidance Update

Hudbay Minerals Inc. has resumed operations in Snow Lake, Manitoba, following the lifting of a mandatory evacuation order on August 22, 2025.
The company confirmed no structural damage to its surface infrastructure and facilities in Snow Lake due to the wildfires.
Milling activities at the New Britannia mill resumed on August 26, 2025, and the full mining workforce at Lalor returned on August 27, 2025.
Hudbay expects the entire Snow Lake operation to reach full production levels by early September and anticipates achieving its 2025 annual guidance metrics in Manitoba despite the wildfire impacts.