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.


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...


Ana de Liz

February 19, 2021

12:04 GMT