Hudbay Minerals Inc. (NYSE:HBM) Q3 2024 Results Conference Call November 13, 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

Orest Wowkodaw - Scotiabank
Ralph Profiti - Eight Capital
John Tumazos - John Tumazos Very Independent Research
Dalton Baretto - Canaccord Genuity
Craig Hutchison - TD Cowen
Pierre Vaillancourt - Haywood Securities

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Hudbay Minerals Inc. Third Quarter 2024 Results Conference Call. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] I would like to remind everyone that this conference call is being recorded today, November 13, 2024, at 11 a.m. Eastern Time.

I would now like to turn the conference over to Candace Brule, Vice President, Investor Relations. Please go ahead.

Candace Brule

Thank you, operator. Good morning, and welcome to Hudbay's 2024 third 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 U.S. dollars unless otherwise noted.

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

Peter Kukielski

Thank you, Candace. Good morning, everyone, and thank you for joining us for today's call. In the third quarter, we delivered another quarter of strong operational and financial performance with steady free cash flow generation and continued debt reduction. This was largely a result of our unique copper and gold production diversification with strong operating cost control that provides attractive free cash flow generation, expanding margins, and strong leverage to higher metal prices.