Canada's Hudbay Minerals Q1 revenue, adjusted EPS beat estimates
Overview
Canada copper and gold miner's Q1 revenue rose, beating analyst expectations
Adjusted EPS for Q1 beat analyst expectations
Company reaffirmed 2026 production and cost guidance
Outlook
Hudbay reaffirms 2026 copper production guidance of 110,000-138,000 tonnes and gold at 217,000-272,000 oz
Company maintains 2026 consolidated cash cost guidance of $(0.30)-$(0.10)/lb copper and sustaining cash cost of $1.70-$2.10/lb
Result Drivers
HIGHER METAL PRICES - Co said higher realized copper and gold prices expanded margins and drove record adjusted EBITDA and net earnings
STEADY OPERATIONS - Consistent operating performance and diversified asset portfolio supported strong results despite lower ore grades after Pampacancha depletion
Company press release: ID:nGNX8L8jFg
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $757.30 mln | $698.09 mln (6 Analysts) |
Q1 Adjusted EPS | Beat | $0.40 | $0.36 (13 Analysts) |
Q1 EPS |
| $0.48 |
|
Q1 Net Earnings attributable |
| $190.40 mln |
|
Q1 Adjusted EBITDA |
| $421.90 mln |
|
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