Hudbay Minerals(HBM)
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HBM Stock Gains on Receiving Aquifer Protection Permit for Copper World
ZACKS· 2024-09-03 01:56
Hudbay Minerals (HBM) announced that it has received the Aquifer Protection Permit for its Copper World project from the Arizona Department of Environmental Quality ("ADEQ"). The stock jumped 4% on the news as the issuance of this permit cleared the second-last step before HBM can commence the construction of the Copper World project. The Copper World project in Arizona represents Hudbay Mineral’s next significant copper growth project, with an expected annual copper production capacity of 85,000 tons over ...
Hudbay Receives Aquifer Protection Permit for Copper World
GlobeNewswire News Room· 2024-08-30 06:00
TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) is pleased to announce that it has received an Aquifer Protection Permit for the Copper World project (“Copper World”) from the Arizona Department of Environmental Quality (“ADEQ”). The company proactively engaged with the ADEQ, ensuring a transparent and thorough permitting process by providing comprehensive and detailed information. The issuance of this permit is a key milestone in the advancement ...
Hudbay Minerals(HBM) - 2024 Q2 - Earnings Call Transcript
2024-08-14 04:13
财务数据和关键指标变化 - 第二季度实现了29,000吨的铜产量和59,000盎司的黄金产量,与年度产量预期一致 [10] - 预计全年铜产量将低于中值,而黄金产量将高于中值,主要由于秘鲁较低的品位和降雨影响,以及铜山过渡期的影响 [11][12] - 第二季度综合现金成本为1.14美元/磅铜,公司提高了2024年综合现金成本指引至0.90-1.10美元/磅,较之前的1.05-1.25美元/磅有所改善 [13][14] - 第二季度经营活动产生的现金流为1.39亿美元,与第一季度持平,主要受益于有效的营运资金管理 [15][16] - 调整后EBITDA为1.45亿美元,较第一季度有所下降,但过去12个月达到8.24亿美元,较去年同期大幅增加 [17] - 第二季度调整后每股收益为0美元,扣除维护资本支出和现金租赁及社区付款后,公司本季度产生约3000万美元自由现金流 [18] 各条业务线数据和关键指标变化 秘鲁业务 - 第二季度生产19,000吨铜、11,000盎司黄金、45万盎司白银和400吨钼,符合全年指引 [24][25] - 矿石开采量较上季度增加38%,符合矿山计划,为实现第四季度更高品位做准备 [24] - 康斯坦西亚选厂平均日处理量87,000吨,维持良好运营 [26] - 品位下降导致现金成本上升至1.78美元/磅,但预计全年将在指引范围内 [27] - 正在推进玛丽亚雷纳和卡巴利托项目的勘探和许可工作 [29] 曼尼托巴业务 - 第二季度生产43,000盎司黄金、2,600吨铜、8,000吨锌和21万盎司白银,符合全年指引 [31] - 新不列颠尼亚选厂持续超出预期,日处理量达到2,100吨,为提高黄金产量做好准备 [33][34] - 黄金现金成本为771美元/盎司,预计全年将在指引范围内 [37] 不列颠哥伦比亚业务 - 第二季度生产6,700吨铜、4,500盎司黄金和77,000盎司白银,符合全年指引 [38][39] - 选厂可利用率达94%,铜回收率保持在82.3%的强劲水平 [39] - 现金成本为2.67美元/磅铜,较上季度下降23%,预计将随着优化措施持续下降 [40] - 正在执行加速剥离计划和选厂优化措施,以提高产量和降低成本 [41][42][45][47] 公司战略和发展方向及行业竞争 - 公司正在推进铜世项目的许可工作,预计2024年下半年获得所需州级许可 [50][51] - 铜世项目经济性良好,初步可行性研究显示NPV为11亿美元,税后IRR为19%(假设铜价3.75美元/磅) [49] - 公司将在获得许可后启动正式的合资伙伴寻找过程,已看到潜在合作伙伴的浓厚兴趣 [52] - 公司在曼尼托巴进行了创纪录规模的勘探,发现了新的潜在矿化区,有望扩大矿山寿命 [53][54][55][59][60][61] - 公司正在评估尾矿回收利用的机会,以回收贵金属和关键矿物,并带来环境和社会效益 [64] 管理层对经营环境和未来前景的评论 - 公司稳定的营运基础持续产生自由现金流,为推进增长项目提供支持 [9] - 公司已大幅改善资产负债表,净债务与调整后EBITDA比率降至0.8倍,为推进铜世项目做好准备 [22] - 管理层对铜供需前景持乐观态度,认为铜将受益于全球脱碳趋势带来的需求增长 [66][67] 问答环节重要的提问和回答 问题1 **Orest Wowkodaw 提问** 询问2024年下半年秘鲁业务的预期品位 [68] **Andre Lauzon 回答** 预计第三季度品位将略有提高至0.35-0.4左右,第四季度将大幅提高 [69][70][71] 问题2 **Ralph Profiti 提问** 询问曼尼托巴新不列颠尼亚选厂扩产计划的情况 [75] **Andre Lauzon 回答** 公司正在进行一系列小型资本项目来提高选厂产能,而非大规模扩建,预计到年底可达到41,000吨/日的处理能力 [82][83][84] 问题3 **Dalton Baretto 提问** 询问铜世项目许可进展是否会受到11月选举的影响 [96] **Peter Kukielski 回答** 公司预计年内能够获得所需的州级许可,这个过程不太依赖美国当前的政治环境 [97][98]
Hudbay Minerals(HBM) - 2024 Q2 - Earnings Call Presentation
2024-08-14 01:15
Q2 2024 RESULTS PRESENTATION August 13, 2024 CAUTIONARY INFORMATION This presentation contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "guidance", "scheduled", "estimates", "forec ...
HudBay Minerals (HBM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-13 22:31
For the quarter ended June 2024, HudBay Minerals (HBM) reported revenue of $425.52 million, up 36.3% over the same period last year. EPS came in at $0.00, compared to -$0.07 in the year-ago quarter.The reported revenue represents a surprise of -7.57% over the Zacks Consensus Estimate of $460.38 million. With the consensus EPS estimate being $0.06, the EPS surprise was -100.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...
HudBay Minerals (HBM) Reports Break-Even Earnings for Q2
ZACKS· 2024-08-13 20:21
HudBay Minerals (HBM) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.06. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this mining company would post earnings of $0.03 per share when it actually produced earnings of $0.16, delivering a surprise of 433.33%.Over the last four quarters, the company has surpassed ...
Hudbay Announces Second Quarter 2024 Results; Production Guidance Reaffirmed and Cash Cost Guidance Improved
GlobeNewswire News Room· 2024-08-13 18:00
TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today released its second quarter 2024 financial results. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine. “The continued execution of our operational plans in the second quarter has positioned us well to achieve our 2024 production guidance, and our exposure to gol ...
HudBay Minerals (HBM) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-08-10 07:15
In the latest trading session, HudBay Minerals (HBM) closed at $7.27, marking a +1.54% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.47%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.51%.Shares of the mining company witnessed a loss of 21.92% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.94% and the S&P 500's loss of 4.45%.The investment community will be paying close att ...
Insights Into HudBay Minerals (HBM) Q2: Wall Street Projections for Key Metrics
ZACKS· 2024-08-08 22:15
Analysts on Wall Street project that HudBay Minerals (HBM) will announce quarterly earnings of $0.06 per share in its forthcoming report, representing an increase of 185.7% year over year. Revenues are projected to reach $460.38 million, increasing 47.5% from the same quarter last year.The current level reflects a downward revision of 7.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pro ...
HudBay Minerals (HBM) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-08-06 23:00
HudBay Minerals (HBM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on August 13, 2024, might help the stock move higher if these key numbers are better than ...