AT A GLANCE: Hudbay’s 2020 copper output drops 30%; earnings down by 14%

A summary of Canadian base metals miner Hudbay Minerals’ results for the fourth quarter and full year of 2020.

Summary: 

The company’s adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) for 2020 decreased by 14.4% to $306.7 million from 2019’s full year figure of $358.5 million.  This was despite adjusted Ebitda in the fourth quarter growing by 30% year on year to $106.9 million from $82.2 million.  Fourth-quarter earnings benefited from higher realized prices for base metals which was partially offset by lower sales volumes of copper, the company...

Published

Ana de Liz

February 19, 2021

12:04 GMT

London