Hudbay Minerals (HBM) Misses Q2 EPS by 3c, Miss on Revenues

Hudbay Minerals (NYSE: HBM) reported Q2 EPS of $0.11, $0.03 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $324.9 million versus the consensus estimate of $343.87 million.

Summary:

• Operating cash flow2, net of by-product credits, of $0.85 per pound of copper, a 3% decrease from the first quarter 2017
• Consolidated all-in sustaining cash cost2 of $950 million and total liquidity of $497 million, including $153 million in cash, an improvement from March 31, 2017 levels of net debt of $1,035 million and total liquidity of $433 million
• Rosemont project received the Final Record of Decision from the U.S. Forest Service
• Allocated additional funds to exploration budget to focus on high-priority drilling targets
• On track to meet production, operating cost and capital cost guidance for 2017

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

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