Copper Mountain is located approximately 20 kilometres south of Princeton, British Columbia. Credit: Hudbay Hudbay Minerals (TSX, NYSE: HBM) has secured permission from the British Columbia government to proceed with a three-phased expansion of its Copper Mountain mine that would extend the operation into 2040.In a statement issued on Feb. 20, Hudbay said it has secured amended environmental permits issued by the BC Major Mines Office for the New Ingerbelle expansion project at Copper Mountain, one of the l ...

Group 1 - Hudbay Minerals (HBM) was previously trading at $17.15, indicating a deep value territory, but is now perceived as a growth at a reasonable price story [1] - The investment strategy focuses on identifying high-upside opportunities in overlooked sectors, particularly small-caps, energy, commodities, and special situations [1] - The analysis incorporates fundamental momentum indicators such as EPS, ROE, and revenue, along with price-volume confirmation and macroeconomic filters [1] Group 2 - The analyst has been managing personal capital since 2020 and has been advising under MiFID II after obtaining a license [1] - The educational background includes a bachelor's degree in Business Administration and Economics, with a master's thesis focused on the impact of financial results announcements on stock returns and trading volumes of micro-cap gold mining companies [1]

INVESTOR PRESENTATION FEBRUARY 2026 Cautionary Information This presentation contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "guidance", "scheduled", "estimates", "forecasts", "s ...

Financial Data and Key Metrics Changes - Hudbay achieved record annual revenues exceeding $2 billion, record adjusted EBITDA over $1 billion, and record free cash flow generation of more than $380 million in 2025 [5][6] - Fourth quarter revenues reached $733 million with adjusted EBITDA of $386 million, reflecting strong gross margins due to higher metal prices and business interruption insurance proceeds [7][8] - Net earnings for the fourth quarter were $128 million, or 32 cents per share, with adjusted earnings of 22 cents per share after accounting for insurance proceeds [8][10] Business Line Data and Key Metrics Changes - Copper production guidance was met for the eleventh consecutive year, with 33,000 tons produced in the fourth quarter, while gold production guidance was achieved for the fifth consecutive year with 84,000 ounces produced [5][31] - In Peru, operations produced 25,000 tons of copper and 33,000 ounces of gold in the fourth quarter, with significant increases in production compared to the third quarter [12][13] - Manitoba operations produced 47,000 ounces of gold, 3,000 tons of copper, and 6,000 tons of zinc in the fourth quarter, despite challenges from wildfires and power outages [17][19] Market Data and Key Metrics Changes - The company reported a significant increase in cash flow before changes in non-cash working capital to $337 million in the fourth quarter, reflecting higher sales volumes and metal prices [9] - Total liquidity at the end of the quarter was $994 million, including $569 million in cash and cash equivalents, with a net debt to EBITDA ratio improving to 0.4 times [10][11] Company Strategy and Development Direction - Hudbay secured a joint venture with Mitsubishi for the Copper World project, enhancing financial strength and reducing future equity contributions [6][28] - The company plans to sanction the Copper World project in 2026 and invest in high-return brownfield and greenfield opportunities to drive production growth [30][45] - A new quarterly dividend of $0.01 per share was introduced, marking a 100% increase over the previous semi-annual dividend [28][29] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the diversified operating platform, achieving production guidance despite challenges such as wildfires and social unrest [5][6] - The outlook for 2026 includes a projected 5% increase in consolidated copper production and a 9% decrease in gold production due to the depletion of Pampacancha [31][32] - The company expects to maintain strong financial discipline and continue reducing total debt while exploring capital redeployment opportunities [30][34] Other Important Information - The company is advancing the installation of pebble crushers in Peru to enhance mill throughput starting in the second half of 2026 [16] - Hudbay's operations in British Columbia are focused on ramping up mining activities and implementing standardized practices to improve efficiency [19][20] Q&A Session Summary Question: Capital allocation framework in volatile markets - Management emphasized the importance of the new capital allocation framework to balance growth opportunities and returns, especially in the current volatile market [51][52] Question: SAG rehabilitation work in British Columbia - Management provided details on the planned replacement of the SAG mill feed head, indicating a project period of several weeks with expected stabilization of operations [55][56] Question: Production guidance and technical report for Manitoba - Management clarified that the updated three-year production guidance would not include new drilling and that a technical report for Manitoba is not yet determined [62][63]

Financial Data and Key Metrics Changes - Hudbay achieved record annual revenues exceeding $2 billion, record Adjusted EBITDA over $1 billion, and record free cash flow generation of more than $380 million in 2025 [5][6] - Fourth quarter revenues reached $733 million, with Adjusted EBITDA of $386 million, and net earnings of $128 million, or 32 cents per share [7][8] - Consolidated cash costs were -63 cents per pound, with sustaining cash costs at 94 cents per pound, showing significant improvement compared to the previous quarter [8][10] Business Line Data and Key Metrics Changes - Copper production for the fourth quarter was 33,000 tons, while gold production was 84,000 ounces, despite operational challenges [7][12] - In Peru, copper production increased by 38% and gold production by 25% compared to the third quarter, driven by high-grade Pampacancha ore [12][13] - Manitoba operations produced 47,000 ounces of gold and 3,000 tons of copper in the fourth quarter, with a focus on stabilizing production post-wildfires [17][19] Market Data and Key Metrics Changes - Revenue from gold represented 41% of total revenues in the fourth quarter, indicating a growing contribution from gold sales [9] - The company reported total liquidity of $994 million, including $569 million in cash and cash equivalents, and a net debt to EBITDA ratio improved to 0.4 times [10][11] Company Strategy and Development Direction - Hudbay secured a joint venture with Mitsubishi for the Copper World project, enhancing financial strength and reducing future equity contributions [6][25] - The company plans to sanction the Copper World project in 2026 and invest in high-return brownfield and greenfield opportunities [29][30] - A new quarterly dividend of $0.01 per share was introduced, marking a 100% increase over the previous semi-annual dividend [28] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the diversified operating platform, achieving production guidance despite challenges like wildfires and social unrest [5][6] - The outlook for 2026 includes a 5% increase in consolidated copper production and a 9% decrease in gold production due to the depletion of Pampacancha [31][32] - The company expects to maintain historically low cash costs and strong margins, benefiting from higher gold production as a by-product [34][35] Other Important Information - The company is advancing the installation of pebble crushers in Peru to enhance mill throughput starting in the second half of 2026 [16] - Hudbay's exploration strategy includes a significant focus on the Snow Lake region, with plans for extensive drilling and resource estimation [40][41] Q&A Session Summary Question: Capital allocation framework in volatile markets - Management emphasized the importance of a holistic capital allocation framework to balance growth opportunities and shareholder returns, especially in volatile markets [51][52] Question: SAG rehabilitation work in British Columbia - Management provided details on the planned replacement of the SAG mill feed head, expecting minimal disruption to operations during the process [55][56] Question: Production guidance for Manitoba - Management clarified that the upcoming three-year production guidance will not include new drilling results, but updates will be provided as exploration progresses [62][63] Question: Pre-feasibility study for Mason - Management indicated that a pre-feasibility study for Mason is underway, with completion expected later next year, and no current plans for partnership [71][72]

Hudbay Minerals (NYSE:HBM) Q4 2025 Earnings call February 20, 2026 11:00 AM ET Speaker10Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Hudbay's fourth quarter 2025 results conference call. At this time, all participants are in listen-only mode, and following the presentation, we will conduct a question and answer session. To join the question queue, you may press star, then one on your telephone keypad. You'll hear a tone acknowledging your request. Should you need assistance duri ...

TORONTO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) is pleased to announce that it has received key permit amendments for the New Ingerbelle expansion project at its Copper Mountain mine located in British Columbia, Canada. The Company received the amended Mines Act and Environmental Management Act permits through the coordinated authorizations process managed by the British Columbia Major Mines Office (“MMO”). This milestone enhances the copper and g ...

Q4 2025 Results Presentation February 20, 2026 Cautionary Information This presentation contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "guidance", "scheduled", "estimates", "for ...

HudBay Minerals (HBM) reported $732.9 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 25.3%. EPS of $0.22 for the same period compares to $0.18 a year ago.The reported revenue represents a surprise of -4.05% over the Zacks Consensus Estimate of $763.81 million. With the consensus EPS estimate being $0.40, the EPS surprise was -44.4%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

分组1 - HudBay Minerals reported quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.40 per share, representing an earnings surprise of -44.40% [1] - The company posted revenues of $732.9 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 4.05%, compared to year-ago revenues of $584.9 million [2] - The stock has increased approximately 24.6% since the beginning of the year, outperforming the S&P 500's gain of 0.2% [3] 分组2 - The earnings outlook for HudBay Minerals is mixed, with the current consensus EPS estimate for the coming quarter at $0.39 on revenues of $688.78 million, and $1.57 on revenues of $2.79 billion for the current fiscal year [7] - The Zacks Industry Rank for Mining - Miscellaneous is currently in the top 21% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]