HudBay Minerals, Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. The company reported quarterly net income of $20.0 million, or $0.13 per share compared with net income of $2.8 million or $0.02 per share in the third quarter of 2008. These results reflected reduced exploration expense, higher gold prices and operating cost savings from the suspension of operations at Balmat, which were more than offset by lower copper prices and volumes. Revenue for the period was $194.608 compared to $247.441 of previous year period. Earnings before tax were 32.811 against 33.898 for the same period last year. EBITDA was $59.065 compared to 88.633 for the comparable period last year. Operating cash flow was $48.214 against $54.484 for the same period a year ago. Cash provided by operating activities (before changes in working capital) in the third quarter of 2009 was $48.2 million, down from $54.5 million in 2008. For the nine months ended September 30, 2009, net earnings were $105.432 million or $0.69 basic earnings per share on revenue of $554.049 million compared to net earnings of $57.534 million or $0.44 basic earnings per share on revenue of $803.113 million for the same period last year. Earnings before tax were $132.236 million against $145.037 million for the same period last year. EBITDA was $103.156 million compared to $245.949 million for the comparable period last year. Operating cash flow was $91.051 million against $195.856 million for the same period a year ago.

HudBay Minerals, Inc., Q3 2009 Earnings Call, Nov-04 2009

HudBay Minerals, Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on October 23, 2009).