Hudbay Minerals Inc. (T:HBM*CA)

Business Focus: Copper Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
Company Contact
Address: Suite 800 - 25 York Street
Tel: N/A
IR: See website
Key People
Peter Kukielski
President, Chief Executive Officer, Director
John Ritter
Vice President, British Columbia Business Unit
Eugene Lei
Chief Financial Officer
Andre Lauzon
Chief Operating Officer
Javier Del Rio
Senior Vice President, South America and USA
Patrick Donnelly
Senior Vice President - Legal and Organizational Effectiveness
Olivier Tavchandjian
Senior Vice President - Exploration and Technical Services
Peter Adamek
Vice President - Finance
Robert Carter
Vice President - Manitoba Business Unit
Mark Gupta
Vice President - Corporate Development
Business Overview
Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits.
Financial Overview
For the three months ended 31 March 2024, Hudbay Minerals Inc revenues increased 78% to $525M. Net income increased from $5.5M to $22.4M. Revenues reflect Peru segment increase of 54% to $287.9M, Manitoba segment increase of 56% to $169.2M, Canada (Country) segment increase from $108.4M to $237.1M, Peru segment increase of 54% to $287.9M, Stripping Ratio-Peru increase of 6% to 1.95%.
Employees: 2,241 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $6,281M as of Mar 31, 2024
Annual revenue (TTM): $2,631M as of Mar 31, 2024
EBITDA (TTM): $1,122M as of Mar 31, 2024
Net annual income (TTM): $114.12M as of Mar 31, 2024
Free cash flow (TTM): $358.50M as of Mar 31, 2024
Net Debt Last Fiscal Year: $1,510M as of Mar 31, 2024
Shares outstanding: 393,422,529 as of May 24, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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