Hudbay Minerals (HBM) Misses Q4 EPS, Revs

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Go back to Hudbay Minerals (HBM) Misses Q4 EPS, Revs

Hudbay Announces Fourth Quarter and Full Year 2019 Results and Provides Annual Guidance

February 20, 2020 5:35 PM EST

Achieved 2019 production and unit cost guidance in Peru and Manitoba; strong performance at the Lalor and 777 mines resulted in zinc production exceeding the top end of the guidance rangeConstancia achieved record mill throughput and copper recoveries in 2019Lalor and 777 increased mine output by 22% and 15%, respectively, year-over-yearCash generated from operating activities was $98.7 million in the fourth quarter of 2019, an increase from the third quarter of 2019Cash and cash equivalents of $396.1 million as at December 31, 2019 was relatively unchanged during the quarter and positions the company well for executing future growth initiatives2020... More