Welcome to our dedicated page for Hudbay Minerals news (Ticker: HBM), a resource for investors and traders seeking the latest updates and insights on Hudbay Minerals stock.
Hudbay Minerals Inc. (NYSE: HBM) provides investors and industry stakeholders with comprehensive access to official corporate news and market-moving developments. This resource consolidates press releases, financial disclosures, and operational updates from the Canadian mining leader specializing in copper, zinc, and precious metals production across North and South America.
Discover timely updates on quarterly earnings, mine expansions, sustainability initiatives, and strategic partnerships. The curated collection enables efficient tracking of Hudbay's operational performance in key jurisdictions including Manitoba, Arizona, and Peru. Content spans permit approvals, production milestones, and corporate governance matters essential for informed analysis.
Key updates include copper concentrate output metrics, zinc metal pricing developments, and exploration program results. Users benefit from direct access to primary source materials while maintaining compliance with financial disclosure standards. Subscribers and casual observers alike can monitor Hudbay's progress in mineral resource development and operational efficiency improvements.
Bookmark this page for streamlined access to Hudbay's evolving corporate narrative. Combine periodic check-ins with SEC filings and TSX disclosures for complete perspective on the company's position within global base metals markets.
Hudbay has successfully completed its acquisition of Mitsubishi Materials Corporation's (MMC) 25% stake in Copper Mountain Mine, securing 100% ownership of the operation. The transaction involves an initial payment of US$4.5 million, with additional deferred and contingent payments to follow.
This strategic move strengthens Hudbay's position as the second-largest copper producer in Canada and reinforces its status as a North American copper champion. The company plans to review its Canadian corporate structure to generate tax synergies through the sharing of tax pools between various Canadian entities.
Despite the ownership change, Hudbay will maintain its relationship with MMC through existing offtake and secondee partnerships at the Copper Mountain mine. This consolidation aligns with Hudbay's strategy of increasing copper production in tier-1 mining jurisdictions.
Hudbay Minerals (TSX, NYSE: HBM) has signed an exploration agreement with the Mosakahiken Cree Nation (MCN) for activities in their territory, including the Talbot deposit near Snow Lake, Manitoba. The agreement aims to create jobs, economic opportunities, and ensure transparency in exploration activities.
The Talbot deposit contains indicated mineral resources of 2.2 million tonnes at 2.3% copper, 1.8% zinc, and 2.1 g/t gold, plus inferred resources of 2.5 million tonnes at 1.1% copper, 1.7% zinc, and 1.9 g/t gold. Its proximity to existing infrastructure could extend Snow Lake operations' mine life, currently lasting until 2037.
The Snow Lake operations are expected to produce 200,000 ounces of gold at cash costs of $750 per ounce in 2025, with an average of 193,000 ounces annually for the next three years. The operation holds 1.7 million ounces of gold in reserves and 1.3 million ounces in inferred resources.
Hudbay Minerals (TSX, NYSE: HBM) announces that Chief Financial Officer Eugene Lei has been awarded the Globe and Mail's Report on Business 2025 Best Executives Award for non-CEO leaders. Since his appointment as CFO in late 2022, Lei has significantly transformed the company's financial position through his '3-P' prerequisites plan.
Under Lei's leadership, Hudbay achieved remarkable financial milestones in 2024, including:
- Record annual free cash flow exceeding US$350 million
- Record annual adjusted EBITDA of US$823 million
- 50% reduction in net debt, decreasing by US$512 million from 2023
The company's enhanced financial performance and strengthened balance sheet position it favorably to advance its growth pipeline, marking the strongest financial position for Hudbay in over a decade.
Hudbay Minerals (TSX, NYSE: HBM) has announced it will host a conference call on Monday, May 12, 2025 at 11:00 a.m. ET to discuss its first quarter 2025 financial results. The company plans to release its Q1 2025 results via news release before the market opens on the same day.
The conference call will be accessible via webcast through www.hudbay.com or by dialing 1-833-752-3516 or 647-846-8185. An archived version of the audio webcast will be made available on the company's website following the call.
Hudbay Minerals and labor unions have announced a commitment to a Project Labor Agreement for the Copper World project in Pima County, Arizona. The agreement involves multiple trade unions and ensures union contractors will have significant opportunities in the construction of one of Southern Arizona's largest economic development projects.
Located 28 miles southeast of Tucson, the project is expected to operate for 20 years and will contribute over $850 million in U.S. taxes, including $420 million in state and local taxes. The mine will create 400 direct jobs and up to 3,000 indirect jobs in Arizona.
The project will include a concentrate leach processing facility starting in the fourth year of operations, producing copper cathode locally and reducing carbon footprint by eliminating overseas shipping and refining. This initiative aims to strengthen the domestic U.S. supply chain with "Arizona Copper Made For America" while supporting critical mineral needs for manufacturing, infrastructure, and national security.
Hudbay Minerals (TSX, NYSE: HBM) has announced the sale of 1,000,000 common shares of American Copper Development at C$0.1607 per share, generating total proceeds of C$160,710.
Prior to the transaction, Hudbay held 1,979,319 shares, representing approximately 10.7% ownership in American Copper. Following the sale, Hudbay's ownership has decreased to 979,319 shares, or approximately 5.3% of American Copper's outstanding common shares.
The company has filed an early warning report in compliance with Canadian securities laws, specifically National Instrument 62-103. The report will be available on American Copper's SEDAR+ profile.
Hudbay Minerals (TSX, NYSE: HBM) has released its annual mineral reserve update and three-year production guidance, highlighting stable operations across three long-life mines in the Americas. The company projects consolidated copper production to average 144,000 tonnes annually over the next three years, with an expected increase to 161,000 tonnes in 2027, marking a 17% growth from 2024.
Key highlights include:
- Constancia's mine life extended to 2041, maintaining stable copper production of 88,000 tonnes annually
- Snow Lake operations optimized until 2037, expecting 193,000 ounces of annual gold production
- Copper Mountain projecting 44,000 tonnes of annual copper production, rising to 60,000 tonnes in 2027
The company reported positive exploration results at Snow Lake, with significant copper-gold mineralization discovered, including intersections of 14.3% copper over 2.5 metres and 8.3 grams per tonne gold over 3.2 metres at the 1901 deposit. Additional drilling at Lalor Northwest revealed promising results with 16.4 grams per tonne gold over 3.7 metres.
Hudbay Minerals (TSX, NYSE: HBM) has announced the acquisition of Mitsubishi Materials 's (MMC) 25% interest in Copper Mountain Mine for US$4.5 million upfront and up to US$39.75 million in deferred payments. The transaction consolidates Hudbay's ownership of the British Columbia-based copper mine.
The Copper Mountain mine contains mineral reserves of 346 million tonnes at 0.25% copper and 0.12 g/t gold, supporting operations until 2043. The mine is expected to produce 60,000 tonnes of copper by 2027, representing a 200% increase from 2024 attributable production levels.
Key transaction terms include:
- US$4.5 million payable at closing
- Seven annual deferred payments of US$3.0 million each
- Up to US$18.75 million in contingent payments tied to New Ingerbelle performance
- Hudbay gains 15% copper concentrate offtake rights for 15 years, increasing to 100% thereafter
Hudbay Minerals reported strong Q4 and record full-year 2024 results, achieving consolidated production and cost guidance. The company delivered record annual revenue of $2,021.2 million and adjusted EBITDA of $822.5 million.
Full-year consolidated production reached 137,943 tonnes of copper, 332,240 ounces of gold, and 3,983,851 ounces of silver, marking increases of 5%, 7%, and 11% respectively compared to 2023. The company significantly outperformed its twice-improved 2024 consolidated cash cost guidance.
Cash and cash equivalents increased by $332.0 million to $581.8 million during 2024, enabling a $512.0 million reduction in net debt. The company's net debt to adjusted EBITDA ratio improved to 0.6x at the end of 2024 from 1.6x at the end of 2023, positioning Hudbay with the lowest leverage among industry peers.
Hudbay Minerals (TSX, NYSE: HBM) has announced it will host a conference call on Wednesday, February 19, 2025 at 11:00 a.m. ET. The call will discuss the company's fourth quarter and full year 2024 results, along with full year 2025 production and cost guidance.
The company plans to release its Q4 and full year 2024 results, as well as 2025 guidance, before the market opens on February 19, 2025. The announcement will be available on Hudbay's website, and an archived audio webcast of the call will be accessible afterward.
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