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. reports developments as a copper-focused critical minerals miner with producing operations in Peru and Canada and copper growth projects in the United States and Peru. Its operating portfolio includes the Constancia mine in Cusco, the Snow Lake operations in Manitoba and the Copper Mountain mine in British Columbia; copper is its primary metal, with gold production and by-product zinc, silver and molybdenum.
Recurring Hudbay news covers operating and financial results, production and cost guidance, mineral reserve and resource updates, mine-life and permitting matters, project development at Copper World, Mason and Llaguen, and balance-sheet actions such as senior note repayment and credit-facility use.
Hudbay Minerals reported its Q2 2020 results, revealing a net loss of $51.9 million or $0.20 per share, despite strong production in Manitoba. The pandemic impacted Peruvian operations, leading to a temporary shutdown, but operations resumed in mid-May. Adjusted EBITDA stood at $49.1 million. Cash and equivalents rose to $391.1 million, aided by a $115 million gold prepay. The company affirmed it is on track to meet Manitoba production guidance and revised Peru guidance to 65,000-75,000 tonnes copper and 25,000-35,000 ounces precious metals.