Latest news with #HudbayMinerals
CTV News
3 days ago
- Business
- CTV News
Hudbay Minerals staff evacuate Flin Flon, Man., due to wildfires
A wildfire in the Flin Flon, Man. area is shown in a government handout photo on Tuesday, May 27, 2025. THE CANADIAN PRESS/HO - Manitoba Government *MANDATORY CREDIT* TORONTO — Hudbay Minerals Inc. says its non-essential staff in the Flin Flon, Man., area are evacuating because of wildfires in the region. The company says it hasn't been actively mining at its Flin Flon site since 2022, but it still runs care and maintenance work and also has services there to support its Snow Lake operation. Saskatchewan and Manitoba have declared provincewide states of emergency to deal with the wildfires that, in Manitoba, has forced 17,000 residents to evacuate including 6,000 in and around the northwest city of Flin Flon. Hudbay says the evacuation order because of wildfires will likely affect production at Snow Lake because a large portion of its staff live in Flin Flon, which sits about 200 kilometres west, but it still expects to reach its guidance for the year. The company says it has also paused exploration activities in the Flin Flon and Snow Lake areas. Hudbay says some emergency staff have been directed to help in the firefighting efforts, and it is securing additional accommodations in Snow Lake for employees and their family that had to leave. This report by The Canadian Press was first published May 30, 2025. Companies in this story: (TSX:HBM) The Canadian Press
National Post
3 days ago
- Business
- National Post
Manitoba wildfires: Hudbay Minerals staff evacuate Flin Flon due to fires
Hudbay Minerals Inc. says its non-essential staff in the Flin Flon, Man., area are evacuating because of wildfires in the region. Article content The company says it hasn't been actively mining at its Flin Flon site since 2022, but it still runs care and maintenance work and also has services there to support its Snow Lake operation. Article content Article content Saskatchewan and Manitoba have declared province-wide states of emergency to deal with the wildfires that, in Manitoba, has forced 17,000 residents to evacuate including 6,000 in and around the northwest city of Flin Flon. Article content Hudbay says the evacuation order because of wildfires will likely affect production at Snow Lake because a large portion of its staff live in Flin Flon, which sits about 200 kilometres west, but it still expects to reach its guidance for the year. Article content Article content The company says it has also paused exploration activities in the Flin Flon and Snow Lake areas. Article content Hudbay says some emergency staff have been directed to help in the firefighting efforts, and it is securing additional accommodations in Snow Lake for employees and their family that had to leave. Article content Article content
Yahoo
19-05-2025
- Business
- Yahoo
Hudbay Minerals' (TSE:HBM) Solid Profits Have Weak Fundamentals
Unsurprisingly, Hudbay Minerals Inc.'s (TSE:HBM) stock price was strong on the back of its healthy earnings report. We did some analysis and think that investors are missing some details hidden beneath the profit numbers. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. Hudbay Minerals expanded the number of shares on issue by 13% over the last year. Therefore, each share now receives a smaller portion of profit. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. Check out Hudbay Minerals' historical EPS growth by clicking on this link. Hudbay Minerals was losing money three years ago. On the bright side, in the last twelve months it grew profit by 86%. But EPS was less impressive, up only 60% in that time. And so, you can see quite clearly that dilution is influencing shareholder earnings. Changes in the share price do tend to reflect changes in earnings per share, in the long run. So Hudbay Minerals shareholders will want to see that EPS figure continue to increase. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Hudbay Minerals shareholders should keep in mind how many new shares it is issuing, because, dilution clearly has the power to severely impact shareholder returns. Because of this, we think that it may be that Hudbay Minerals' statutory profits are better than its underlying earnings power. The good news is that, its earnings per share increased by 60% in the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Obviously, we love to consider the historical data to inform our opinion of a company. But it can be really valuable to consider what other analysts are forecasting. Luckily, you can check out what analysts are forecasting by clicking here. Today we've zoomed in on a single data point to better understand the nature of Hudbay Minerals' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Hudbay Minerals Inc (HBM) Q1 2025 Earnings Call Highlights: Strong Cash Flow and Record Low ...
Consolidated Copper Production: 31,000 tonnes. Consolidated Gold Production: 74,000 ounces. Consolidated Cash Costs: Negative $0.45 per pound. Sustaining Cash Costs: $0.72 per pound. Adjusted EBITDA: $287 million, a 12% increase from the previous quarter. Adjusted Net Earnings Per Share: $0.24. Cash and Cash Equivalents: $583 million. Net Debt: $526 million. Free Cash Flow Generation: Over $350 million in the last 12 months. Revenue from Gold: 38% of total revenues in Q1 2025. Peru Copper Production: 20,000 tonnes. Peru Gold Production: 8,000 ounces. Peru Cash Costs: $1.11 per pound. Manitoba Gold Production: 60,000 ounces. Manitoba Gold Cash Costs: $376 per ounce. British Columbia Copper Production: 7,000 tonnes. British Columbia Gold Production: 5,600 ounces. British Columbia Cash Costs: $2.44 per pound. Warning! GuruFocus has detected 2 Warning Sign with HBM. List of 52-Week Lows List of 3-Year Lows List of 5-Year Lows Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hudbay Minerals Inc (NYSE:HBM) reported strong performance in Q1 2025, with substantial free cash flow generation and industry-leading margins. The company achieved better-than-expected gold production and in-line copper production, demonstrating effective cost control and operational efficiency. Hudbay Minerals Inc (NYSE:HBM) reported record low consolidated cash costs of negative $0.45 per pound and sustaining cash costs of $0.72 per pound. The acquisition of Mitsubishi Materials' 25% minority interest in Copper Mountain increased Hudbay's exposure to a high-quality copper asset in a Tier 1 jurisdiction. Hudbay Minerals Inc (NYSE:HBM) has a fortified balance sheet with $583 million in cash and cash equivalents, maintaining a leverage ratio of 0.6 times. The depletion of the Pampacancha deposit in Peru is expected by the end of 2025, which may impact future production levels. The permitting process for the Maria Reyna and Caballito properties in Peru is ongoing, with no definitive timeline for completion. Hudbay Minerals Inc (NYSE:HBM) faces challenges in advancing Phase II of the Copper World project due to regulatory complexities. The company is still in the process of securing joint venture partnerships for the Copper World project, which could delay its development. Hudbay Minerals Inc (NYSE:HBM) has not provided specific guidance on the use of its share buyback program, indicating it may not be a priority in the near term. Q: The throughput at Constancia has been impressive, close to 90,000 tonnes a day. Is this sustainable moving forward, or will ore hardness affect it? A: Peter Kukielski, CEO, stated that they are confident in maintaining current performance levels. Andre Lauzon, COO, added that they have been using pebble rejection since mid-December to manage harder feeds, achieving over 100,000 tonnes per day on some days. This strategy is expected to continue, with further enhancements planned for 2026. Q: Regarding the changes to Peru's regulations allowing throughput flexibility, what is the baseline for this measurement? A: Andre Lauzon, COO, mentioned that the baseline is approximately 24 million tonnes per year, but he would confirm the exact number offline. Q: Can you explain the cost performance improvements in Manitoba, particularly at the Stall mill? A: Peter Kukielski, CEO, highlighted the Manitoba team's discipline in reducing mine dilution and maximizing ore recovery. These improvements, combined with identifying additional high-grade gold resources, have resulted in a positive reconciliation of extracted gold compared to reserve models. Q: What is the status of the joint venture process for Copper World, and has interest from gold mining partners increased with the gold price? A: Peter Kukielski, CEO, noted that the JV process is progressing well with significant interest due to the asset's quality and scarcity of permitted copper projects in the US. Interest from gold parties has been strong but not disproportionately so. Q: Regarding Copper World's Phase II, how do recent executive actions from President Trump affect permitting, and what would it take to get Phase II on the FAST-41 track? A: Peter Kukielski, CEO, stated that the permitting backdrop in the US is positive, but the focus is currently on Phase I. The FAST-41 initiative creates a constructive sentiment but is not directly applicable to Copper World at this stage. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-04-2025
- Business
- Yahoo
Hudbay Minerals initiated with a Buy at Desjardins
Desjardins analyst Bryce Adams initiated coverage of Hudbay Minerals (HBM) with a Buy rating and C$16 price target The firm, which is initiating coverage of several Canadian-listed copper companies, has a positive long-term outlook for copper pricing as it views the metal as a key input for global decarbonization efforts, data center demand and EV use. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on HBM: Disclaimer & DisclosureReport an Issue Hudbay Minerals price target raised to C$17 from C$16 at Raymond James Hudbay Minerals files early warning report for American Copper Development Hudbay Minerals price target lowered to C$13.50 from C$14 at Scotiabank Hudbay Minerals' Strategic Consolidation and Growth Prospects Justify Buy Rating Hudbay Minerals Consolidates Full Ownership of Copper Mountain Mine
