Overview

* Hudbay Q2 revenue of $536.4 mln beats analyst expectations, per LSEG data

* Adjusted EPS of $0.19 exceeds estimates, driven by strong cost control

* Co announces $600 mln Copper World JV with Mitsubishi, enhancing financial strength

Outlook

* Hudbay reaffirms 2025 copper production guidance of 117,000-149,000 tonnes

* Company improves 2025 cash cost guidance to $0.65-$0.85 per pound

* Hudbay advances Copper World project towards 2026 sanction decision

* Company highlights strategic partnership with Mitsubishi reducing funding needs

Result Drivers

* COST CONTROL - Strong cost control across operations contributed to industry-leading margins, driving financial performance

* COPPER AND GOLD EXPOSURE - Diversified exposure to copper and gold across operations supported revenue growth

* JOINT VENTURE - Copper World JV with Mitsubishi reduced funding requirements and enhanced financial strength

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $536.40 $531.60

Revenue mln mln (6

Analysts

)

Q2 Beat $0.19 $0.11

Adjusted (12

EPS Analysts

)

Q2 EPS $0.3

Q2 $245.20

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialty mining & metals peer group is "buy"

* Wall Street's median 12-month price target for Hudbay Minerals Inc ( HBM ) is C$17.00, about 20.2% above its August 12 closing price of C$13.57

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)