Today, Hudbay released our Q4 and full-year 2024 results.?Hudbay delivered record financial performance and a transformed balance sheet in 2024, driven by the achievement of consolidated production guidance for all metals, with gold production significantly exceeding the top end of the guidance range and the outperformance of our twice-improved consolidated cash cost guidance.
We achieved significant milestones, with consolidated copper production of 138,000 tonnes, gold production of 332,000 ounces, and consolidated silver production of 4 million ounces.?Our Manitoba operations exceeded expectations, producing 214,000 ounces of gold. Our Peru operations had?full-year copper production?within the 2024 guidance range, while gold production exceeded the top end of guidance. At our British Columbia operations, we continue to advance optimization efforts, including the?accelerated stripping program?and mill improvement projects.?Additionally, with key permits for Copper World secured in Arizona, Hudbay has commenced a minority joint venture partner?process and definitive feasibility study activities.
Looking ahead, Hudbay's leading copper development and exploration pipeline, along with its low-cost, stable operating platform in tier-1 jurisdictions, offers investors meaningful copper exposure, complementary gold exposure and continued strong near-term free cash flow generation. This, together with our resilient balance sheet, provides significant upside potential for additional value creation as we prudently advance our many high-return copper growth opportunities.
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Read the full release:?https://lnkd.in/eqNu6VkW