| HudBay Minerals reports 2Q loss | |
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TORONTO (AP) _ HudBay Minerals Inc. (HBM) on Wednesday reported a second-quarter loss of $44.9 million, after reporting a profit in the same period a year earlier.
The Toronto-based company said it had a loss of 20 cents per share. Losses, adjusted for non-recurring costs, were 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The mining company posted revenue of $151.1 million in the period.
HudBay Minerals shares have fallen 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.55, a fall of 39 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBM at http://www.zacks.com/ap/HBM
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Keywords: HudBay Minerals, Earnings Report
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HudBay Minerals Inc.
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PRODUCER |
CODE : HBM.TO |
ISIN : CA4436281022 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
HudBay is a copper producing company based in Canada. HudBay produces copper, gold, silver and zinc in Canada, and holds various exploration projects in Argentina, in Canada and in Peru. Its main assets in production are 777 MINE, TROUT LAKE MINE and CHISEL NORTH in Canada and its main exploration properties are FENIX and WHITE PINE in Guatemala, BRAMPTON, REED LAKE, BUR, BALMAT, TOM, JASON, LALOR, WATTS RIVER, BACK FORTY, WINDSOR and NOME CASSIAR in Canada, CONSTANCIA in Peru and CORCOVADO PROPERTY in Argentina. HudBay is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 3.0 billions as of today (US$ 2.2 billions, € 2.0 billions). Its stock quote reached its lowest recent point on March 13, 2020 at CA$ 1.66, and its highest recent level on October 10, 2024 at CA$ 12.70. HudBay has 237 270 000 shares outstanding. |