Micron (NASDAQ: MU ) is positioning itself for the next growth cycle as management focuses assets on higher-yield chips, particularly in transitioning from HBM3E 8-high to HBM3E 12-high as part of the next generation Nvidia GB300 GPU. As part of its partnership withMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, ...

In the latest market close, HudBay Minerals (HBM) reached $8.29, with a +1.72% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 1.77%. On the other hand, the Dow registered a gain of 1.42%, and the technology-centric Nasdaq increased by 2.28%.Heading into today, shares of the mining company had gained 14.79% over the past month, outpacing the Basic Materials sector's loss of 0.29% and the S&P 500's loss of 5.73% in that time.Market participants will be closely following th ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Micron Technology, Inc. (NASDAQ: MU ) reported its second quarter results on the 20 th of March. The stock price has reacted negatively to the results. The stock price is now down 9.2% since my buy rating issued in February .Dhierin runs the invest ...

Oliver Rodzianko is an accomplished investment analyst grounded in timeless value principles, specializing in the technology sector with expertise in AI, semiconductors, software, and renewable energy. He focuses on companies with resilient management and lasting competitive advantages, often taking long-term positions in those with strong leadership and wide economic moats. Recognized as a trusted authority in financial analysis, Rodzianko’s articles are regularly featured as “Must Reads” on Seeking Alpha, ...

Shares of Micron ( MU ) increased 4% after the memory maker reported better-than-expected earnings for the second fiscal quarter due to strong demand for the company’s AI products, especially HBM3E memory. Strength in DRAM product pricing supported Micron's Q2Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, NVDA, AMD, TSM, AVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compen ...

Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures related to the author's position and affiliations [1][2]. Group 1 - No stock, option, or similar derivative positions are held by the author in any mentioned companies, nor are there plans to initiate such positions in the next 72 hours [1]. - The article expresses the author's personal opinions and is not influenced by compensation from any company [1]. - Seeking Alpha clarifies that past performance does not guarantee future results and that no investment recommendations are provided [2].

Core Insights - Micron's stock peaked at approximately $150 in June 2024 and has since experienced a decline of about 40% in value [1] - Following previous quarterly results, Micron's stock price saw a significant drop of 17% due to the guidance provided [1] Company Analysis - Micron operates within the semiconductor industry, which is characterized by rapid technological advancements and market fluctuations [1] - The company's performance is closely tied to market trends in consumer electronics and other tech sectors [1] Market Trends - The semiconductor market is influenced by various factors, including consumer demand and the evolving landscape of cryptocurrency [1] - Understanding these trends is crucial for identifying potential investment opportunities and risks within the tech industry [1]

Management's Discussion and Analysis of Results of Operations and Financial Condition For the year ended December 31, 2024 February 18, 2025 TA BL E O F CONTENTS | I | n | t | r | o | du | c | t | i | o | n | 1 | O | u | r | B | u | s | i | n | e | s | s | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Financial Data and Key Metrics Changes - Hudbay Minerals achieved record revenues exceeding $2 billion and record free cash flow generation of over $350 million in 2024, demonstrating strong financial performance [6][10] - Adjusted EBITDA for the fourth quarter was $257 million, a 25% increase from the prior quarter, leading to a full-year adjusted EBITDA of $823 million, up from $648 million in 2023 [14] - The company reduced net debt by over $500 million in 2024, resulting in a net debt to adjusted EBITDA ratio of 0.6 times, down from 1.6 times at the end of 2023 [18] Business Line Data and Key Metrics Changes - Peru operations produced 34,000 tons of copper and 38,000 ounces of gold in Q4 2024, with full-year production of 99,000 tons of copper and 98,000 ounces of gold, exceeding guidance [20][21] - Manitoba operations achieved record annual gold production of 214,000 ounces in 2024, with cash costs of $607 per ounce, significantly below guidance [24][28] - British Columbia operations produced 6,000 tons of copper and 4,600 ounces of gold in Q4 2024, with full-year production below guidance due to lower grades [30][31] Market Data and Key Metrics Changes - The portion of revenues from gold increased to 35% in 2024, up from 29% in 2023, highlighting the diversification of revenue sources [13] - Cash costs in Peru were $1.18 per pound for copper in 2024, outperforming the low end of the annual cost guidance range [22] - Manitoba's sustaining cash costs averaged $868 per ounce in 2024, making it the lowest-cost gold mine in Canada [29] Company Strategy and Development Direction - The company is focused on advancing the Copper World project in Arizona, which has received key permits and is expected to significantly increase copper production [11][52] - Hudbay plans to continue optimizing mill throughput in British Columbia and Peru, with a focus on maintaining strong cost control and operational efficiencies [9][38] - The company aims to replicate the success of the New Britannia refurbishment project across its operations, emphasizing disciplined capital allocation [45][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving stable production and costs in 2025, despite a reduction in guidance primarily due to challenges at Pampacancha [66][68] - The company anticipates strong demand for copper in the long term, driven by supply constraints and robust market fundamentals [61] - Management highlighted the importance of maintaining a resilient balance sheet to support growth initiatives and capitalize on market opportunities [10][61] Other Important Information - The company completed a successful equity offering in May 2024, contributing to cash and cash equivalents of $582 million by year-end [16] - Hudbay is executing the largest exploration program in its history in Snow Lake, aiming to extend mine life and discover new deposits [54] - The company is committed to producing made-in-America copper cathode at the Copper World project, enhancing its strategic positioning [126] Q&A Session Summary Question: Can you provide more color on your 2025 production guidance in Peru? - Management noted that the reduction is primarily due to more mining dilution than expected in Pampacancha, with conservative resource-to-reserve conversion factors applied [66][67] Question: What kind of interest are you seeing for the Copper World minority interest process? - Management indicated strong interest from various types of investors, including traditional partners and strategic investors, expecting a competitive process [82][83] Question: How much exposure does the Manitoba business have to the Canadian dollar? - The company conservatively budgeted for a CAD/USD exchange rate of $1.35, with a significant impact on cash flow and EBITDA from exchange rate fluctuations [100] Question: What is the timeline for potential production from the Caballito and Maria Reina deposits? - Management indicated that production from these deposits is unlikely before the early 2030s, but they are working on plans to mitigate lower-grade future years [94][97] Question: Can you elaborate on the dilution in ore losses? - Management clarified that the issue appears to be more geostatistical rather than operational, with ongoing updates to models to improve accuracy [108][109]

FEBRUARY 19, 2025 Q4 2024 RESULTS PRESENTATION 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 ...