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Hudbay reports $14.9 million loss in June quarter

Hudbay Minerals reported a net loss of US$14.9 million, or $0.05 per share, in the June quarter of 2023. Earnings for the same quarter the year before were $32.1 million.

Isabeau van Halm
Hudbay's recently acquired Copper Mountain mine in British Columbia, Canada.

Hudbay's recently acquired Copper Mountain mine in British Columbia, Canada.

"After adjusting for $6.8 million of transaction costs incurred during the quarter associated with the acquisition of Copper Mountain and a non-cash gain of $4.7 million related to a quarterly revaluation...

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