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Hudbay Minerals (HBM) Misses Q4 EPS, Revs

February 20, 2020 5:45 PM

Hudbay Minerals (NYSE: HBM) reported Q4 EPS of ($0.01), which may not compare to the analyst estimate of $0.18. Revenue for the quarter came in at $324.5 million versus the consensus estimate of $364.97 million.

“We delivered solid operating results in the fourth quarter as a result of our focus on maintaining steady mine performance while continuing to implement various process improvement initiatives across the business,” said Peter Kukielski, President and Chief Executive Officer. “We are on-track to deliver our next phase of growth, including mining the high-grade Pampacancha satellite deposit in Peru in 2020 and completing the refurbishment of the New Britannia gold mill in Manitoba by 2022. Both projects are low capital intensity, high return brownfield projects with short paybacks on our invested capital. We are proud of our ESG and operating achievements in 2019, as well as our successful track record of achieving annual copper production guidance for the past five years. We look forward to delivering significant near-term copper and gold production growth as we execute on our strategic plan.”

For earnings history and earnings-related data on Hudbay Minerals (HBM) click here.

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