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Hudbay Minerals Inc. - HBM STOCK NEWS

Welcome to our dedicated news page for Hudbay Minerals (Ticker: HBM), a resource for investors and traders seeking the latest updates and insights on Hudbay Minerals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hudbay Minerals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hudbay Minerals's position in the market.

News
Hudbay Provides Annual Reserve and Resource Update and Production Outlook
Rhea-AI Summary
Hudbay Minerals Inc. releases its annual mineral reserve and resource update, projecting a 16% increase in copper production over the next three years. The company's strong operating portfolio includes gold production and recent acquisitions positioning it as a major copper and gold producer in Canada. The PR highlights mine life extensions, exploration activities, and production guidance, showcasing a promising outlook for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
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News
Hudbay and Marubeni Sign Flin Flon Option Agreement to Advance Exploration Partnership
Rhea-AI Summary
Hudbay Minerals Inc. announces an option agreement with Marubeni Corporation to explore projects in Flin Flon, Manitoba, aiming to unlock potential value in the region. Marubeni will fund C$12 million in exploration expenditures over five years, with the potential to form a joint venture with Hudbay.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.89%
Tags
partnership
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News
Hudbay Delivers Record Fourth Quarter and Full Year 2023 Results and Provides Annual Guidance
Rhea-AI Summary
Hudbay Minerals Inc. reported record revenue in Q4 and full year 2023, achieving strong copper and gold production. Operating cash flow increased by 35% in Q4, exceeding expectations. Cash costs improved, but net earnings were impacted by non-cash losses. The company focused on financial discipline, debt reduction, and growth initiatives. 2024 outlook includes increased copper production but slightly lower gold production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.28%
Tags
earnings
News
Hudbay to Host Conference Call for Fourth Quarter 2023 Results
Rhea-AI Summary
Hudbay Minerals Inc. will host a conference call on February 23, 2024, to discuss its fourth quarter 2023 results. The company plans to issue a news release before the market open on the same day. The call will be available via webcast and archived on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
conferences earnings
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News
Hudbay Releases Copper Mountain Technical Report and Advances Mine Stabilization Plans
Rhea-AI Summary
Hudbay Minerals Inc. (HBM) announces completion of National Instrument 43-101 technical report for 75%-owned Copper Mountain mine. The mine plan reflects average annual copper production of 46,500 tonnes over the first five years with cash costs of $1.89 per pound, increasing to 45,000 tonnes over the first 10 years with cash costs of $1.72 per pound. The plan also includes mineral reserve estimates of 367 million tonnes at a copper grade of 0.25% and gold grade of 0.12 grams per tonne, supporting a 21-year mine life.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
none
-
News
Hudbay Further Enhances Financial Flexibility with Redemption of Remaining Copper Mountain Bonds
Rhea-AI Summary
Hudbay Minerals Inc. (HBM) Announces Redemption of Copper Mountain Bonds Worth $54.7 Million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
none
News
Hudbay Announces Third Quarter 2023 Results
Rhea-AI Summary
Hudbay Minerals Inc. (HBM) achieved record quarterly revenue of $480.5 million in Q3 2023, with strong copper and gold production. Operating cash flow before change in non-cash working capital increased to $182.0 million. Earnings per share were $0.13, and adjusted earnings per share were $0.07. Net debt reduced to $1,132 million, and total liquidity increased to $539.6 million. Consolidated copper production increased by 93% from the previous quarter, and consolidated gold production increased by 107%. Cash cost per pound of copper produced decreased to $1.10, and sustaining cash cost decreased to $1.89. Adjusted EBITDA was $190.7 million, a 135% increase from the second quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
Tags
earnings
-
News
Hudbay to Host Conference Call for Third Quarter 2023 Results
Rhea-AI Summary
Hudbay Minerals to host conference call to discuss third quarter 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
conferences earnings
-
News
Hudbay Completes Rockcliff Acquisition; Further Consolidates Snow Lake Operations and Adds to Prospective Land Package
Rhea-AI Summary
Hudbay Minerals completes acquisition of Rockcliff Metals, making Rockcliff a wholly-owned subsidiary. Former Rockcliff shareholders receive 0.006776 of a Hudbay common share for each Rockcliff share previously held.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.93%
Tags
acquisition
News
Hudbay De-risks Copper World Phase I with Enhanced Pre-Feasibility Study
Rhea-AI Summary
Hudbay Minerals Inc. announced the results of the enhanced pre-feasibility study for Phase I of its Copper World project in Arizona. The project has an after-tax net present value of $1.1 billion and generates a 19% internal rate of return at a copper price of $3.75 per pound. Average annual copper production over the first ten years is approximately 92,000 tonnes. The initial capital cost estimate is approximately $1.3 billion. The project's total GHG emissions are expected to be 14% lower compared to an operation that only produces copper concentrate. The project is expected to create an estimated 400 direct and 3,000 indirect jobs and pay more than $850 million in U.S. federal and state taxes. Copper World has proven and probable mineral reserves of 385 million tonnes at 0.54% copper. The project has the potential for further expansion in Phase II. The PFS significantly enhances the economics and de-risks the project through higher levels of engineering, a simplified project design, lower upfront capex, and a longer mine life.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
clinical trial
Stock HBM logo
Hudbay Minerals Inc.

NYSE:HBM

HBM Rankings

#1613 Ranked by Market Cap
#1075 Ranked by Stock Gains
#2063 Ranked by Dividends

HBM Stock Data

2.69B
308.00M
0.07%
65.73%
2.2%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto

About HBM

hudbay minerals inc. (tsx, nyse: hbm) is a canadian integrated mining company with assets in north and south america principally focused on the discovery, production and marketing of base and precious metals. the company’s objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength. a member of the s&p/tsx composite index and the s&p/tsx global mining index, hudbay is committed to high standards of corporate governance and sustainability.