HBM - Hudbay Minerals Inc. (HBM) Q1 2024 Earnings Call Transcript

2024-05-14 15:27:09 ET

Hudbay Minerals Inc. (HBM)

Q1 2024 Earnings Conference Call

May 14, 2024 11:00 AM ET

Company Participants

Candace Brule - Vice President Investor Relations

Peter Kukielski - President & Chief Executive Officer

Eugene Lei - Chief Financial Officer

Andre Lauzon - Chief Operating Officer

Conference Call Participants

Jackie Przybylowski - BMO

Orest Wowkodaw - Scotiabank

Ralph Profiti - Eight Capital

Greg Barnes - TD Securities

Dalton Baretto - Canaccord

Presentation

Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Hudbay Minerals First Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being broadcast live on the webcast and is being recorded today May 14, at 11:00 AM Eastern Time. I will now turn the conference over to Ms. Candace Brule, Vice President Investor Relations. Thank you. Please go ahead.

Candace Brule

Thank you, operator. Good morning and welcome to Hudbay's 2024 first quarter results conference call. Hudbay's financial results were issued this morning and are available on our website at www.hudbay.com. A corresponding PowerPoint presentation is available on the Investor Events section of our website and we encourage you to refer to it during this call.

Our presenter today is Peter Kukielski, Hudbay's, President and Chief Executive Officer. Accompanying Peter for the Q&A portion of the call will be Eugene Lei, our Chief Financial Officer; and Andre Lauzon, our Chief Operating Officer.

Please note that comments made on today's call may contain forward-looking information and this information by its nature is subject to risks and uncertainties and as such actual results may differ materially from the views expressed today. For further information on these risks and uncertainties, please consult the Company's relevant filings on SEDAR+ and EDGAR. These documents are also available on our website. As a reminder, all amounts discussed on today's call are in US dollars, unless otherwise noted.

And now I'll pass the call over to Peter Kukielski.

Peter Kukielski

Thank you, Candace. Good morning, everyone and thanks very much for joining us. In the first quarter, we delivered another consecutive quarter of strong operational and financial performance, steady free cash flow generation and continued debt reduction. This was largely a result of our unique copper and gold production diversification that provides meaningful exposure to higher copper and gold prices and attractive free cash flow generation. I'll go into more detail on our first quarter operating and financial achievements throughout today's presentation, along with providing an update on many of the exciting growth initiatives underway to further enhance our copper and gold exposure....

For further details see: