Hudbay Minerals rises on Q1 profit, revenue beat

U.S.-listed shares of Canadian miner Hudbay Minerals HBM.TO, HBM.N jump 8% to $8.33 premarket

Company beats Q1 profit and revenue estimates, as increased gold and copper prices helped offset lower production

HBM posts Q1 adjusted profit of 24 cents/shr vs estimate of 11 cents/shr - data compiled by LSEG

Company reports Q1 revenue of $594.9 million vs estimate of $573.9 million

Shares also rise on the back of higher copper prices after the U.S. and China agreed to slash reciprocal tariffs that eased global recession fears

As of last close, HBM shares down 4.8% YTD