Hudbay announces preliminary 2025 production results and that it achieved consolidated copper and gold guidance

Hudbay reported preliminary 2025 production of about 118,188 tonnes of copper and 267,934 ounces of gold and said it met its consolidated copper and gold production guidance for the year despite wildfire evacuations and other interruptions.

Hudbay Minerals released preliminary production results for the fourth quarter and full year ended December 31, 2025. The company reported it achieved its consolidated copper and gold production guidance for 2025 despite mandatory wildfire evacuations and other temporary operational interruptions. Fourth quarter output included approximately 33,069 tonnes of copper and 84,298 ounces of gold. The company also reported pro‑forma year‑end cash and cash equivalents of about $992 million after closing the Copper World joint venture. Key figures: - Full year 2025 consolidated production of approximately 118,188 tonnes of copper and 267,934 ounces of gold. - Fourth quarter 2025 consolidated production of approximately 33,069 tonnes of copper, 84,298 ounces of gold, 1,002,985 ounces of silver, 5,703 tonnes of zinc and 325 tonnes of molybdenum. - Peru operations (Constancia and Pampacancha) produced about 85,155 tonnes of copper and 74,480 ounces of gold in 2025; Hudbay accelerated mining of the Pampacancha satellite deposit and fully depleted it in December. - Manitoba operations produced about 173,453 ounces of gold, 9,249 tonnes of copper, 17,646 tonnes of zinc and 800,198 ounces of silver in 2025, with interruptions that included an eight‑day power outage and months of wildfire evacuation‑related production deferrals. - British Columbia operations produced about 23,784 tonnes of copper, 20,001 ounces of gold and 252,811 ounces of silver in 2025; copper was below the guidance range due in part to reduced throughput at the primary SAG mill, and Hudbay expects mill throughput to ramp to the targeted 50,000 tonnes per day in mid‑2026. - Pro‑forma cash and cash equivalents at December 31, 2025 were approximately $992 million and undrawn availability under revolving credit facilities was $425 million, giving total pro‑forma liquidity of over $1.4 billion. Summary: Hudbay's preliminary results show the company met its consolidated copper and gold guidance for 2025 while managing several operational interruptions during the year. The company plans to issue final fourth quarter and full year 2025 results and 2026 production and cost guidance before market open on February 20, 2026 and will host a conference call that day. Mill ramp‑up timing at Copper Mountain is reported to continue into mid‑2026.