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Record gold output, but Hudbay posts loss in Q1

Record gold output, but Hudbay posts loss in Q1 Operations at Constancia copper mine. ( Hudbay Minerals (TSX: HBM; NYSE: HBM) released its first quarter results today with record gold production of 35,500 oz. during that time. Consolidated copper production was 24,553 tonnes at a ‘sustaining cash cost’ of $2.16 per lb. Despite strong metal prices, revenue fell to $313.6 million for the period, compared to $322,3 million for the last quarter of 2020, and $245.1 million in the year earlier quarter. The company recorded a net loss of $60.1 million or $0.23 per share. Sign Up for the Copper Digest Sign Up Nonetheless, president and CEO Peter Kukielski remained upbeat saying, “Our operations remain on track to achieve full year production and unit cost guidance following a strong quarter of production at the Manitoba business unit and lower first quarter production in Peru as a result of planned mill maintenance. We are very pleased to have commenced production at Pampacancha

HudBay Minerals Inc (HBM) Q1 2021 Earnings Call Transcript

Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Hudbay Minerals Inc. First Quarter 2021 Results Conference Call. [Operator Instructions] I would like to remind everyone that this conference call is being recorded today, May 12, 2021, at 8:30 A.M. Eastern Time. I would now like to turn the conference over to Candace Brule, Director, Investor Relations. Please go ahead. Candace Brule Director, Investor Relations Thank you, operator. Good morning and welcome to Hudbay s 2021 first quarter results conference call. Hudbay s financial results were issued yesterday and are available on our website at www.hudbay.com. A corresponding PowerPoint presentation is available and we encourage you to refer to it during this call.

Hudbay Announces First Quarter 2021 Results

Hudbay Announces First Quarter 2021 Results Hudbay Minerals Inc. today released its first quarter 2021 financial results. All amounts are in U.S. dollars, unless otherwise noted. First Quarter Operating and Financial Results Consolidated copper production in the first quarter was 24,553 tonnes at cash cost and sustaining cash cost 1 per pound of copper produced, net of by-product credits, of $1.04 and $2.16, respectively. Consolidated gold production in the … Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today released its first quarter 2021 financial results. All amounts are in U.S. dollars, unless otherwise noted. First Quarter Operating and Financial Results Consolidated copper production in the first quarter was 24,553 tonnes at cash cost and sustaining cash cost

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