Q2 2025 Hudbay Minerals Inc Earnings Call Transcript

Aug 13, 2025 / 03:00 PM GMT

Release Date Price: €8.41 (+0.69%)

Transcript

Key Points

Positve

Hudbay Minerals Inc (HBM) reported significant free cash flow generation for the eighth consecutive quarter, driven by strong copper and gold production and cost control.
The company announced a minority joint venture agreement with Mitsubishi Corporation for the Copper World project, enhancing financial strength and reducing funding requirements.
Hudbay Minerals Inc (HBM) achieved industry-leading cost performance with consolidated cash costs of 2 cents per pound and sustaining cash costs of $1.65 per pound.
The company successfully repurchased and retired $50 million of senior unsecured notes, further reducing total debt and improving the leverage ratio to 0.4 times.
Hudbay Minerals Inc (HBM) reaffirmed its full-year consolidated production guidance for all metals and improved its cost guidance range for 2025.

Negative

Consolidated gold production was lower than the first quarter due to wildfire impacts in Manitoba.
Protests in Peru temporarily impacted the transportation of supplies and concentrate, affecting mine sequencing.
The Manitoba operations faced disruptions from mandatory wildfire evacuation orders, resulting in lower production in June.
The Copper Mountain operations in British Columbia experienced lower copper and silver production due to lower head grades from stockpiled ore.
There is potential for modest increases in initial capital expenditures for the Copper World project due to an inflationary cost environment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HBM.TO - Hudbay Minerals Inc
Q2 2025 Hudbay Minerals Inc Earnings Call
Aug 13, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen.

Thank you for standing by.

Welcome to the Hut Bay Minerals in 2nd quarter 2025 results conference call.

At this time, all participants are in listen-only mode.

Following the presentation, we will conduct the question and answer session.

To join the question queue, you may press start the one on your telephone keypad.

Should you need assistance during a conference call, you may signal an operator by pressing start than 0.

I would like to remind everyone that this conference call is being recorded today, August 13, 2025 at 11:00 a.m. Eastern time.

I would now like to turn the conference over to Candace Berulle, Vice President,

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