Hudbay Announces Preliminary 2025 Production Results and Achieves 2025 Consolidated Copper and Gold Production Guidance

Core Viewpoint - Hudbay Minerals Inc. achieved its full year production guidance for copper and gold in 2025, demonstrating operational resilience despite temporary interruptions [3][9]. Production Results - Fourth quarter 2025 consolidated production included approximately 33,069 tonnes of copper, 84,298 ounces of gold, 1,002,985 ounces of silver, 5,703 tonnes of zinc, and 325 tonnes of molybdenum [4][10]. - For the full year 2025, Hudbay produced approximately 118,188 tonnes of copper and 267,934 ounces of gold, alongside 17,646 tonnes of zinc, 3,468,143 ounces of silver, and 1,282 tonnes of molybdenum [12][16]. Regional Performance - Peru operations had a strong fourth quarter, producing approximately 25,038 tonnes of copper and 32,865 ounces of gold, exceeding the top end of the 2025 gold production guidance [5][13]. - Manitoba operations produced approximately 47,423 ounces of gold in the fourth quarter, slightly below expectations due to unplanned downtime, but achieved record throughput at the New Britannia mill in December [6][14]. - British Columbia operations produced approximately 4,705 tonnes of copper and 4,010 ounces of gold in the fourth quarter, with production impacted by maintenance issues [7][15]. Financial Position - As of December 31, 2025, Hudbay had approximately $992 million in cash and cash equivalents following the closing of the Copper World joint venture transaction, with total pro-forma liquidity exceeding $1.4 billion [18][31].