HBM Stock Recent News

Toronto, Ontario--(Newsfile Corp. - January 15, 2025) - Peter Kukielski, President and Chief Executive Officer, Hudbay Minerals, and Eugene Lei, Chief Financial Officer, Hudbay Minerals ("Hudbay" or the "Company") (TSX: HBM), and their team, joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market to celebrate the Company's 20th listing anniversary on Toronto Stock Exchange. Cannot view this video?

Samsung Electronics faced significant challenges in 2024, including poor execution in the HBM market, increased DRAM competition, and political turmoil in Korea. Despite these issues, Samsung's valuation has reached deep value territory, presenting a buying opportunity for a high-quality business with $66 billion in net cash. Management's rare apology and Jensen Huang's support indicate potential for recovery, especially if Samsung secures HBM supply to Nvidia.

Generating a 56% return, Hudbay Minerals' stock price has been outperforming most of its direct competitors year-on-year. HBM has profited from higher metals prices in 2024. It is primarily exposed to copper, gold, molybdenum, and silver, all of which have realized gains between 5% and 35% in the year. The company seems to have become financially disciplined during 2024, marked by a net Debt-to-EBITDA reduction down to 0.9x. Continuing operating excellence can further benefit the stock price.

Approximate $7 billion investment over the next several years to meet AI data center demand Approximate $7 billion investment over the next several years to meet AI data center demand

HBM's fully-owned Copper World project receives an Air Quality Permit from the Arizona Department of Environmental Quality.

TORONTO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) ( TSX, NYSE: HBM) is pleased to announce that it has received an Air Quality Permit for the Copper World project (“Copper World”) from the Arizona Department of Environmental Quality (“ADEQ”). The issuance of this permit is a significant milestone in the advancement of the project as it is the final major permit required for the development and operation of Copper World. Copper World is expected to produce 85,000 tonnes of copper per year over an initial 20-year mine life. All amounts are in U.S. dollars, unless otherwise noted.

TORONTO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) ( TSX, NYSE: HBM) today announced plans for the transition of the Chair of the company's Board of Directors. Stephen A. Lang has stepped down as Chair of the Board due to health reasons. David S. Smith, current independent director, has been appointed Chair of the Board, effective January 1, 2025. Mr. Lang, who was appointed Chair in October 2019, will remain on the Board as an independent director.

TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) senior management will host a conference call on Wednesday, November 13, 2024 at 11:00 a.m. ET to discuss the company's third quarter 2024 results.

Hudbay has leveraged tightness in copper concentrate markets to secure favorable treatment charges on some production. In Q2, HBM struggled with lower grades at its Peru operations, but production is still above last year's numbers. HBM stock trades at a more favorable valuation than most of the major copper miners.

TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that it has reached a final settlement with all plaintiffs in three civil lawsuits brought against the company regarding alleged actions that occurred in Guatemala in 2007 and 2009. This settlement concludes all outstanding legal matters related to Hudbay's former activities in Guatemala. Hudbay was named in the civil suits because of its ownership of the Fenix nickel project, which was acquired in 2008. In one of the lawsuits, brought by 11 female plaintiffs, the allegations against the Guatemalan company that owns the project predate Hudbay's ownership. In 2011, Hudbay divested itself of its holdings in Guatemala and has had no operations there since that time.