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Hudbay Minerals rises on Q1 profit, revenue beat

ReutersMay 12, 2025 2:55 PM

** Shares of Canadian miner Hudbay Minerals HBM.TO jump 9.7% to C$11.74

** 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

** Including session's moves, HBM shares up 0.7% YTD

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