Hudbay Minerals Achieves 2025 Copper and Gold Production Guidance with Nearly $1 Billion Cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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Source: Globenewswire
- Consistent Achievement: Hudbay achieved approximately 118,188 tonnes of copper and 267,934 ounces of gold in 2025, marking the 11th consecutive year of meeting annual copper production guidance and the 5th year for gold, demonstrating resilience amid challenges like wildfire evacuations.
- Strong Q4 Performance: In Q4 2025, Hudbay produced about 33,069 tonnes of copper and 84,298 ounces of gold, particularly exceeding gold production guidance in Peru's Pampacancha satellite deposit, further solidifying its market position.
- Robust Cash Flow: As of December 31, 2025, Hudbay reported approximately $992 million in cash and cash equivalents, with total liquidity exceeding $1.4 billion when including undrawn credit facilities, providing strong support for future investments and operations.
- Operational Optimization: The company optimized its mine plan in the second half of 2025 by prioritizing Pampacancha mining, maintaining stable production despite unexpected downtimes, and is expected to see higher production levels in 2026 compared to 2025.
Analyst Views on HBM
Wall Street analysts forecast HBM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBM is 20.63 USD with a low forecast of 17.24 USD and a high forecast of 24.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 25.430
Low
17.24
Averages
20.63
High
24.79
Current: 25.430
Low
17.24
Averages
20.63
High
24.79
About HBM
Hudbay Minerals Inc. is a Canada-based copper-focused critical minerals company with three operations and a pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. The Company's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). The Company's growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Copper Mountain Mine, located south of Princeton, British Columbia, is a conventional open pit, truck and shovel operation. The Constancia mine is located in the province of Chumbivilcas in southern Peru. Its primary production is copper, complemented by gold production and by-products, such as zinc, silver, and molybdenum.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
