Hudbay Minerals Inc logo

HBM - Hudbay Minerals Inc News Story

C$5.68 -0.6  -9.0%

Last Trade - 21/09/20

Sector
Basic Materials
Size
Mid Cap
Market Cap £956.0m
Enterprise Value £1.47bn
Revenue £828.3m
Position in Universe 201st / 2687

BUZZ-Hudbay Minerals: Rises on smaller-than-expected loss

Wed 12th August, 2020 3:57pm
** U.S.-listed shares of Canadian miner  HBM.TO   HBM.N 
rise 11.4% to $2.82 - highest since Jan. 14
    ** Co posts smaller-than-feared loss in Q2 on higher
production in Manitoba, Canada and lower costs at Constancia
mine in Peru
    ** Q2 adj. loss of $0.15/share vs. estimates of $0.20/share
- Refinitiv IBES data
    ** Q2 copper production in Manitoba rose 6% from a year
earlier, gold and silver rose 25%; all-in sustaining cost per
pound of copper produced improved slightly to $2.26 from $2.30
 urn:newsml:reuters.com:*:nGNX2X65MN
    ** HBM also reissues Peru production forecast after
withdrawing it due to closure of Constancia mine as govt.
declared emergency to slow COVID-19 spread
    ** Sees 2020 Peru production of 65,000 tonnes to 75,000
tonnes of copper and 25,000 ounces to 35,000 ounces of precious
metals
    ** YTD, HBM shares are down 8%

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))
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