Hudbay Minerals (HBM) Tops Q3 EPS by 9c; updates guidance

Hudbay Minerals (NYSE: HBM) reported Q3 EPS of $0.13, $0.09 better than the analyst estimate of $0.04. Revenue for the quarter came in at $485.8 million versus the consensus estimate of $454.47 million.

"Hudbay is again improving its full year 2024 consolidated cash cost guidance range to $0.65 to $0.85 per pound copper from the previously announced range of $0.90 to $1.10 per pound and the original guidance range of $1.05 to $1.25 per pound. The company is also improving its 2024 annual consolidated sustaining cash cost guidance range to $1.75 to $2.20 per pound copper from the original guidance range of $2.00 to $2.45 per pound. This is a result of increased exposure to gold by-product credits and continued strong cost control at all operations. The company has reaffirmed all other 2024 guidance metrics."

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