Hudbay's Eugene Lei wins Globe and Mail's Report on Business 2025 Best Executive Award

Core Insights - Hudbay Minerals Inc. has announced that Eugene Lei, the Chief Financial Officer, has won the Globe and Mail's Report on Business 2025 Best Executives Award, recognizing his exceptional leadership and impact on the organization [1][2] Financial Performance - Since Eugene Lei's appointment as CFO in late 2022, he has transformed the company's balance sheet, leading to record financial performance and enhanced investor confidence [2] - In 2024, Hudbay achieved record annual free cash flow exceeding US$350 million and record annual adjusted EBITDA of US$823 million [3] - The company reduced its net debt by US$512 million in 2024, marking a 50% reduction from 2023, attributed to cash flow generation, significant debt repayments, and a successful global equity offering [3] Strategic Initiatives - Eugene implemented the "3-P" prerequisites plan focusing on free cash flow generation and setting meaningful three-year financial targets, which have been achieved ahead of schedule [3] - The company is now well-positioned to reinvest in its high-quality growth pipeline, which includes several copper growth projects [3] Company Overview - Hudbay is a copper-focused critical minerals company with operations in Canada, Peru, and the United States, and a strong pipeline of copper growth projects [5][6] - The company's operating portfolio includes the Constancia mine in Peru, Snow Lake operations in Canada, and the Copper Mountain mine in Canada, with copper as the primary metal produced [6] Mission and Values - Hudbay's purpose statement emphasizes its commitment to people, communities, and sustainability, aiming to create sustainable value and strong returns through efficient operations and community relations [7]