Hudbay Minerals Inc T.HBM

Alternate Symbol(s): HBM

Metals & Mining Industrial Metals & Minerals

Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly 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). Its growth pipeline includes the Copper World project in Arizona, 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 Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits.

TSX:HBM - Post by User

Hudbay Minerals Inc

Bullboard Posts

Post by pinon May 07, 2006 6:35pm

452 Views

Post# 10808188

Q1 Earnings Estimates

Below are my HBM 1Q 2006 earnings estimates... anybody care to add to the analysis? Based on production and sale of: 28k tonnes Zn @ $1.00 US/lb. 21k tonnes Cu @ $2.20 US/lb. 25k ounces Au @ $550 US/oz. 352k ounces Ag @ $9.50 US/oz. (using a $1.15 US/CAD conversion) Revenues: $208 million CAD Earnings: $55 million CAD EPS Basic: $0.65 CAD (using ~85 million shares) EPS Diluted: $0.44 CAD (using ~125 million shares) I'm not sure how to account for the Considar accounting change, the White Pine Copper Refinery acquisition, and the Balmat start-up costs... but the net effect of these should be relatively small(?). Comments? Cheers, Pin.