0817 ET - Hudbay Minerals 2025 production guidance came in a little weak after a slight beat on 4Q adjusted EPS. TD Cowen's Craig Hutchison notes in a report that the 2025 copper production target range of 117,000-149,000 tons, with a midpoint of 133,000 tons, is below TD Cowen's estimate of 153,000 tons. Cash costs guidance of $0.80-$1.00 a pound is also higher than the $0.46 a pound Hutchison expected. "This compares to its previous 2025 guidance of 132,000-172,000 tons provided with its March 2024 three-year outlook and consensus of 149,000 tons. Guidance was lowered at both Constancia and Copper Mountain," Hutchison says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 08:17 ET (13:17 GMT)
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