Sector: Basic Materials | Industry: Specialty Mining & Metals |
Company Contact | |
Address: | Suite 800 - 25 York Street TORONTO ON M5J 2V5 |
Tel: | N/A |
Website: | https://www.hudbayminerals.com |
IR: | See website |
Key People | ||
Peter Kukielski President, Chief Executive Officer, Director | Robert Carter Vice President - Manitoba Business Unit | Eugene Lei Senior Vice President, Chief Financial Officer |
Andre Lauzon Chief Operating Officer, Senior Vice President | Javier Del Rio Senior Vice President, South and USA | Patrick Donnelly Senior Vice President - Legal and Organizational Effectiveness |
Olivier Tavchandjian Senior Vice President - Exploration and Technical Services | Peter Adamek Vice President - Finance | Jon A. Douglas Vice President, Treasurer | Candace Brule Vice President, Investor Relations |
Business Overview |
Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits. |
Financial Overview |
For the fiscal year ended 31 December 2023, Hudbay Minerals Inc revenues increased 16% to $1.69B. Net income decreased 6% to $66.4M. Revenues reflect Peru segment increase of 26% to $1.04B, Japan segment increase from $66K to $165.4M, Hong Kong (Country) segment increase from $62.6M to $176.7M, Copper Production-Constancia increase of 12% to 100K metric tons. Net income was offset by Manitoba segment income decrease of 58% to $81.2M. |
Employees: | 2,241 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $4,859M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,288M as of Dec 31, 2023 |
EBITDA (TTM): | $957.84M as of Dec 31, 2023 |
Net annual income (TTM): | $89.85M as of Dec 31, 2023 |
Free cash flow (TTM): | $258.97M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,541M as of Dec 31, 2023 |
Shares outstanding: | 350,729,018 as of Feb 21, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |