The earnings call highlighted strong financial performance, strategic joint ventures, and effective cost management. Despite challenges from wildfires and protests, the company showed resilience and maintained its production guidance. The sentiment is largely positive, with significant achievements outweighing the noted challenges.

Company Guidance

During Hudbay Minerals Inc.'s second quarter 2025 results conference call, the company reported strong financial performance, highlighted by significant free cash flow generation and industry-leading cost margins. Hudbay achieved consolidated copper production of 30,000 tonnes and gold production of 56,000 ounces. Despite challenges such as wildfires affecting Manitoba operations, the company maintained steady production levels, with cash costs reported as negative $0.02 per pound and sustaining cash costs at $1.65 per pound. The firm also announced a strategic joint venture with Mitsubishi Corporation for its Copper World project in Arizona, securing a $600 million investment to reduce funding requirements and strengthen its financial position. The joint venture is expected to improve Hudbay's project IRR significantly. Additionally, Hudbay reaffirmed its full-year consolidated production guidance for all metals, while improving its cost guidance range for 2025 to $0.65 to $0.85 per pound from the original $0.80 to $1 per pound. Adjusted EBITDA reached $245 million for the quarter, contributing to a record $996 million in trailing 12-month adjusted EBITDA as of June 30. Net earnings were reported at $0.30 per share, with adjusted net earnings of $0.19 per share. The company ended the quarter with $626 million in cash and cash equivalents, reducing its net debt to $434 million, achieving a leverage ratio of 0.4x, the lowest in over a decade.

Strong Financial Performance and Cash Flow

Significant free cash flow generation driven by industry-leading cost margins and diversified exposure to copper and gold. The company achieved adjusted EBITDA of $245 million and a record annual trailing 12-month adjusted EBITDA of $996 million.

Joint Venture with Mitsubishi Corporation

A minority joint venture agreement with Mitsubishi Corporation at the Copper World project in Arizona. Mitsubishi will acquire a 30% equity interest for $600 million, significantly reducing Hudbay's funding requirements and enhancing project IRR.

Operational Resilience and Cost Management

Remarkable resilience against wildfires in Manitoba and strong cost performance with consolidated cash costs of negative $0.02 per pound. Full-year cost guidance has been improved to $0.65 to $0.85 per pound.

Copper and Gold Production Stability

Consolidated copper production was 30,000 tonnes, and gold production was 56,000 ounces. The company reaffirmed its full-year production guidance for all metals.

Debt Reduction and Strong Balance Sheet

Repurchased and retired $50 million of senior unsecured notes, reducing net debt to $434 million, and improving leverage ratio to 0.4x.

Hudbay Minerals (HBM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HBM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.19 / -	0.13	―	―	―
Aug 13, 2025	2025 (Q2)	0.10 / 0.19	0	―
May 12, 2025	2025 (Q1)	0.11 / 0.24	0.16	50.00% (+0.08)
Feb 19, 2025	2024 (Q4)	0.20 / 0.18	0.2	-10.00% (-0.02)
Nov 13, 2024	2024 (Q3)	0.04 / 0.13	0.07	85.71% (+0.06)
Aug 13, 2024	2024 (Q2)	0.07 / 0.00	-0.07	―
May 14, 2024	2024 (Q1)	0.01 / 0.16	0	―
Feb 23, 2024	2023 (Q4)	0.14 / 0.20	0.01	1900.00% (+0.19)
Nov 08, 2023	2023 (Q3)	0.11 / 0.07	-0.05	240.00% (+0.12)
Aug 08, 2023	2023 (Q2)	0.09 / -0.07	0.12	-158.33% (-0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HBM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	$9.85	$11.33	+15.03%
May 12, 2025	$7.71	$8.33	+8.04%
Feb 19, 2025	$8.95	$7.73	-13.63%
Nov 13, 2024	$8.56	$8.62	+0.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Hudbay Minerals Inc (HBM) report earnings?

Hudbay Minerals Inc (HBM) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).

What is Hudbay Minerals Inc (HBM) earnings time?

Hudbay Minerals Inc (HBM) earnings time is at Nov 05, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HBM EPS forecast?

HBM EPS forecast for the fiscal quarter 2025 (Q3) is 0.19.

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