RE:HBM Q4 report Adjusted net earningsi and adjusted net earnings per sharei in the fourth quarter of 2022 were $2.6 million and $0.01 per share, respectively, after adjusting for the non-cash revaluation loss of the environmental reclamation provision and the revaluation loss related to the gold prepayment liability, among other items. This compares to adjusted net lossi and adjusted net loss per sharei of $12.4 million, and $0.05 in the third quarter of 2022. Fourth quarter adjusted EBITDAi was $124.7 million, an increase of 26% from $99.3 million in the third quarter of 2022.
As at December 31, 2022, the company’s liquidity includes $225.7 million in cash as well as undrawn availability of $354.3 million under its revolving credit facilities. Hudbay expects that its current liquidity combined with cash flow from operations, will be sufficient to meet the company’s liquidity needs for the foreseeable future.