Hudbay Minerals Reports Record Q3 2026 Revenue and Strong Copper Production
Hudbay Minerals (HBM) reported record quarterly revenue of $766 million for Q3 2026, driven by robust operating performance in copper and gold. The company achieved an adjusted EBITDA of $413 million and free cash flow of $202 million, supported by increased production volumes and strong metal prices that offset rising input costs. Operational highlights include record mill throughput at the Constancia mine in Peru and significant gold recoveries in Manitoba. Looking ahead, Hudbay has provided an optimistic 2027 outlook with a projected 25% increase in consolidated copper production. The company also detailed its funding plan for the Copper World project, which requires $2 billion for initial construction following a partnership decision with Mitsubishi.