Hudbay Minerals beats top-line and bottom-line estimates;reaffirms FY production guidance

* Hudbay Minerals press release [https://seekingalpha.com/pr/20199014-hudbay-delivers-strong-second-quarter-2025-results] (NYSE:HBM [https://seekingalpha.com/symbol/HBM]): Q2 Non-GAAP EPS of $0.19 beats by $0.09.
* Revenue of $536.4M (+26.1% Y/Y) beats by $7.69M.
* Adjusted EBITDAi of $245.2 million in the second quarter of 2025.
* Steady production continued into the second quarter with consolidated copper production of 29,956 tonnes and consolidated gold production of 56,271 ounces.
* Industry-leading cost performance continued in the second quarter with consolidated cash costi and sustaining cash costi per pound of copper produced, net of by-product credits, of $(0.02) and $1.65, respectively.
* REAFFIRMED FULL YEAR 2025 CONSOLIDATED PRODUCTION GUIDANCE of 117,000 to 149,000 tonnes of copper and 247,500 to 308,000 ounces of gold.
* Improved full year 2025 consolidated cash costi guidance to $0.65 to $0.85 per pound from $0.80 to $1.00 per pound, as year-to-date results are trending well below the low end of the cost ranges due to increased exposure to gold by-product credits and continued strong cost control across all operations.
* Peru operations produced 21,710 tonnes of copper and 7,366 ounces of gold in the second quarter, in line with quarterly cadence expectations, despite lower average mill throughput of approximately 83,100 tonnes per day due to a planned semi-annual mill maintenance shutdown in the second quarter. Peru cash costi per pound of copper produced, net of by-product credits, was $1.45 in the second quarter, in line with the annual guidance range.
* Manitoba operations produced 43,235 ounces of gold in the second quarter, slightly lower than quarterly cadence expectations.

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* Historical earnings data for Hudbay Minerals Inc. [https://seekingalpha.com/symbol/HBM:CA/earnings]
* Dividend scorecard for Hudbay Minerals Inc. [https://seekingalpha.com/symbol/HBM:CA/dividends/scorecard]