Hudbay sees year gold production lower than 2025

Hudbay sees year gold production lower than 2025

Hudbay Minerals Reports 2025 Gold Production Below Prior Year Levels

Hudbay Minerals Inc. (TSX: HBM) has indicated that its 2025 gold production fell short of the previous year's output, according to guidance and press releases from the company. While the miner highlighted operational resilience in third-quarter 2025 results, including cost management and production stability, full-year gold output remains projected to be lower than 2024 levels.

The company's third-quarter 2025 results emphasized efforts to mitigate challenges such as fluctuating commodity prices and operational constraints at key sites, including the 70%-owned Veladero gold-silver mine in Argentina. Despite these measures, annualized gold production for the year is expected to reflect a decline compared to 2024, aligning with earlier guidance outlined by the company. Hudbay's investor guidance page notes that 2025 consolidated copper and gold production, as well as costs, were tracked against predefined targets, though specific figures for year-over-year comparisons were not disclosed in publicly accessible materials.

In its fourth-quarter 2025 results, Hudbay reported record performance for the period but confirmed that full-year gold production did not meet 2024 levels. The company attributed this to planned maintenance, lower-grade ore processing in certain operations, and ongoing challenges in ramping up higher-margin projects according to Q4 results. Investors were directed to the company's quarterly reports for detailed metrics, though the exact magnitude of the year-over-year decline remains unspecified in available sources.

Hudbay's management reiterated commitments to improving operational efficiency and advancing exploration initiatives to offset near-term production declines. The company also emphasized alignment with 2025 cost guidance, underscoring its focus on maintaining financial stability amid sector-wide volatility as stated in Q3 results. Investors seeking updates can subscribe to Hudbay's email alerts for quarterly results and guidance revisions according to company guidance.

This article relies on publicly stated guidance and press release details from Hudbay Minerals Inc. For precise production figures, readers are advised to consult the company's full-year 2025 report, scheduled for release later in 2026.