06:35 AM EST, 11/12/2025 (MT Newswires) -- Hudbay Minerals ( HBM ) on Wednesday reported that its third-quarter adjusted net earnings fell year over year, as production was affected by operational interruptions in Manitoba and Peru.

Adjusted net earnings came in at US$10.1 million, or $0.03 per share, down from $50.8 million, or $0.13 per share. The result missed the $0.07 per share non-GAAP earnings per share consensus estimate for the third quarter, as compiled by FactSet.

Revenue also declined to $346.8 million from $485.8 million. Though the majority of revenues continue to come from copper production, revenue from gold production made up over 38% of the total in the third quarter.

Adjusted EBITDA was $142.6 million, a decrease from $206.0 million.

The company produced 24,205 tonnes of copper, declining from 31,354 tonnes. Gold production amounted to 53,581 ounces, down from 89,073 ounces. Hudbay noted the suspension of Manitoba operations for the majority of the quarter due to wildfire evacuations and temporary operational interruptions in Peru.

The company expects full-year consolidated copper and gold production to be near the low end of the guidance ranges for the full year 2025. Hudbay reaffirmed 2025 guidance for copper and gold despite temporary operational interruptions and production deferrals.