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The latest announcement is out from Hudbay Minerals ( (TSE:HBM) ).
Hudbay Minerals has updated its mineral reserves and resources and issued new production guidance through 2028, outlining a significant uplift in copper and gold output from its core Americas portfolio. The company expects consolidated copper production to average 147,000 tonnes annually over the next three years, rising to 159,000 tonnes in 2027–2028, while gold production is projected to average 243,000 ounces, supported by optimization projects and new ore sources.
Mine life has been extended at all three major operations, with Constancia now expected to run to 2040, Snow Lake to 2041 and Copper Mountain to 2045, underpinned by higher mill throughput and improved grades. Hudbay is also advancing a large exploration program in Snow Lake and progressing the Copper World project toward a 2026 sanctioning decision, bolstered by a $600 million joint venture with Mitsubishi, positioning the company for higher long-term copper exposure and enhanced growth potential for stakeholders.
The most recent analyst rating on (TSE:HBM) stock is a Hold with a C$30.00 price target. To see the full list of analyst forecasts on Hudbay Minerals stock, see the TSE:HBM Stock Forecast page.
Spark’s Take on HBM Stock
According to Spark, TipRanks’ AI Analyst, HBM is a Neutral.
The score is driven primarily by improved fundamentals (earnings rebound and stronger leverage profile) and a constructive earnings-call outlook with strengthened liquidity, partially offset by weak technical momentum and uneven/volatile free cash flow conversion. Valuation is supportive due to a moderate P/E and very high dividend yield.
To see Spark’s full report on HBM stock, click here.
More about Hudbay Minerals
Hudbay Minerals is a Canadian mining company focused on copper and gold production from three long-life operations in tier-one jurisdictions across the Americas. Its key assets include the Constancia mine in Peru, the Snow Lake operations in Manitoba and the Copper Mountain mine in British Columbia, with additional growth potential from the Copper World project in Arizona and other brownfield and exploration initiatives.
Average Trading Volume: 2,153,141
Technical Sentiment Signal: Buy
Current Market Cap: C$10.34B
For an in-depth examination of HBM stock, go to TipRanks’ Overview page.