Hudbay Reports Q4 Profit Drop, Misses Estimates

Hudbay Minerals Inc. reported a decline in fourth-quarter net income, with earnings per share at $0.18, down from $0.20 a year earlier, while revenues also fell to $584.9 million from $602.2 million. Despite missing analysts' expectations, the company achieved record gold production, which exceeded guidance, while copper output was at the lower end of expectations. The company anticipates stable consolidated copper production for 2025 at 133,000 tonnes, with a significant boost expected from the fully permitted Copper World project in Arizona, projected to increase copper production by over 50%. President and CEO Peter Kukielski highlighted substantial improvements in cash flow and a reduction in net debt, positioning the company favorably for future investments. Overall, while Hudbay's immediate financial results showed mixed performance, its long-term growth strategy remains robust, focusing on high-return projects and operational efficiency. Investors are keen to see how the company's earnings outlook evolves in the coming quarters.