Canada's Hudbay Minerals Q1 revenue, adjusted EPS beat estimates

Hudbay Minerals

01/05/2026 11:11

Overview

Canada copper and gold miner's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company reaffirmed 2026 production and cost guidance

Outlook

Hudbay reaffirms 2026 copper production guidance of 110,000-138,000 tonnes and gold at 217,000-272,000 oz

Company maintains 2026 consolidated cash cost guidance of $(0.30)-$(0.10)/lb copper and sustaining cash cost of $1.70-$2.10/lb

Result Drivers

HIGHER METAL PRICES - Co said higher realized copper and gold prices expanded margins and drove record adjusted EBITDA and net earnings

STEADY OPERATIONS - Consistent operating performance and diversified asset portfolio supported strong results despite lower ore grades after Pampacancha depletion

Company press release: ID:nGNX8L8jFg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$757.30 mln
$698.09 mln (6 Analysts)
Q1 Adjusted EPS
Beat
$0.40
$0.36 (13 Analysts)
Q1 EPS
$0.48
Q1 Net Earnings attributable
$190.40 mln
Q1 Adjusted EBITDA
$421.90 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)