StocksMediumUpdated•Originally published 12 November 2026•Updated 12 November 2026•
1 min read
Hudbay Minerals Lowers Copper Cost Guidance as Production Jumps 25%
Key Facts
1Hudbay Minerals reported Non-GAAP EPS of $0.34, matching analyst estimates.
2The company's revenue reached $765.9M, beating expectations by $33.71M.
Hudbay Minerals lowered its annual copper cash cost guidance to between negative 55 cents and negative 35 cents per pound. This revision followed a 25% surge in copper production to 30,152 tonnes, while the company reported third-quarter 2026 revenue of $765.9 million, exceeding analyst estimates by $33.71 million.
HBM closed at $21.94 on November 11, 2026, with the session's trading range between $21.85 and $22.61. Seeking Alpha reported that the company's adjusted earnings per share reached $0.34, matching market expectations for the fiscal period ending September 2026.