Hudbay Minerals Stock Price, News & Analysis

Hudbay (TSX, NYSE: HBM) announced preliminary Q4 and full-year 2025 production results and said it achieved 2025 consolidated copper and gold production guidance. Q4 2025 consolidated production was ~33,069 t copper and 84,298 oz gold; full-year 2025 production was ~118,188 t copper and 267,934 oz gold. Pro-forma year-end cash and cash equivalents were ~$992M after the Copper World JV. Company will release audited results and 2026 guidance on Feb 20, 2026.

Hudbay (TSX, NYSE: HBM) closed a $600 million strategic investment from Mitsubishi Corporation for a 30% joint venture interest in Copper World LLC, owner of the fully permitted Copper World project in Arizona.

Mitsubishi contributed approximately $420 million at closing and will contribute an additional $180 million within 18 months, plus its pro‑rata share of future equity required for construction. Hudbay said the transaction boosts project IRR to ~90% (PFS basis), increases Hudbay’s consolidated copper production by >50%, reduces Hudbay’s estimated remaining capital share to ~$200 million, and supports a Copper World sanction decision expected in 2026.

Hudbay (TSX, NYSE: HBM) reported Q3 2025 results showing operational resilience amid Manitoba wildfire evacuations and Peru interruptions. Revenue was $346.8M with adjusted EBITDA of $142.6M. Q3 production: 24,205 tonnes copper and 53,581 oz gold. Consolidated cash cost was $0.42/lb and sustaining cash cost $2.09/lb. Full-year 2025 guidance reaffirmed near the low end; cash-cost guidance improved to $0.15–$0.35/lb. Announced a $600M JV with Mitsubishi for 30% of Copper World, triggering a $322.3M impairment reversal and reducing Hudbay's remaining equity share to ~<$200M>. Net debt was $435.9M and net-debt/EBITDA ~0.5x.

Hudbay (TSX, NYSE: HBM) will host a conference call and webcast to discuss its third quarter 2025 results on Wednesday, November 12, 2025 at 11:00 a.m. ET. The company will issue a news release with Q3 2025 results before market open on November 12, 2025 and post it on its website. Investors can join the live webcast at www.hudbay.com or dial 1-833-752-3516 or 647-846-8185. An archived audio webcast will be available on Hudbay's website after the call.

Hudbay (TSX, NYSE: HBM) resumed operations at its Constancia mine in Peru on Oct 7, 2025 after a temporary suspension that began on Sept 22 due to local protests and illegal blockades. The mill is back at full production, preventative maintenance was completed during downtime, and workforce levels are expected to normalize over coming days. A 20,000 dry metric tonne copper concentrate shipment deferred from late Sept was sold in early Q4 and total concentrate inventories have normalized. Hudbay continues to expect to meet its 2025 production and cost guidance.

Hudbay Minerals (NYSE:HBM) reported significant disruptions at its Constancia mine in Peru due to escalating social unrest and illegal blockades. The company has temporarily shut down the mill operations and demobilized non-essential workforce as a safety precaution. During the downtime, Hudbay plans to conduct preventative mill maintenance.

Despite these challenges, the company maintains its 2025 production and cost guidance. Hudbay emphasizes its strong relationships with local communities since Constancia's operations began in 2014 and remains committed to working with authorities to resolve the situation promptly.

Hudbay Minerals (TSX, NYSE: HBM) has announced the appointment of Laura Tyler to its Board of Directors. Tyler brings over 30 years of mining industry experience, including a notable 20-year career at BHP where she served as Chief Technical Officer.

Tyler's extensive background includes her recent role as CEO and Managing Director of Adriatic Metals PLC, and previous positions at Newcrest Mining, Western Mining Corporation, and Mount Isa Mines. She holds degrees in Mining Engineering from Camborne School of Mines and Geology from the University of Wales.

Hudbay Minerals (NYSE:HBM) has successfully resumed operations at its Snow Lake facility following the lifting of a mandatory wildfire evacuation order on August 22, 2025. The company confirmed no structural damage to its surface infrastructure and facilities, with the New Britannia mill resuming operations on August 26 and the full mining workforce returning to the Lalor mine on August 27.

The Snow Lake operation is expected to reach full production levels by early September, with the company maintaining confidence in achieving its 2025 annual guidance metrics for Manitoba operations despite the wildfire disruption. The restart plan prioritizes employee safety and asset integrity, with comprehensive infrastructure safety reviews completed, including shaft inspection and underground electrical infrastructure restoration.

Hudbay Minerals (NYSE: HBM) has secured a strategic partnership with Mitsubishi Corporation, which will acquire a 30% interest in the Copper World project for $600 million. The investment comprises $420 million at closing and $180 million within 18 months.

The fully-permitted Arizona project is expected to produce 85,000 tonnes of copper annually over a 20-year mine life. The project will create over 1,000 construction jobs and 400 direct operational jobs with up to 3,000 indirect jobs. The partnership includes an enhanced precious metals stream agreement with Wheaton, offering up to $70 million in contingent payments for future mill expansion.

The transaction increases Hudbay's levered project IRR to approximately 90% and reduces its estimated capital contributions to $200 million. Project sanctioning is targeted for 2026.