Hudbay Minerals reports Q4 profit and record revenue due to strong copper and gold production.

Toronto-based Hudbay Minerals reported a profit and higher revenue for Q4 due to strong production. The company posted a net income of $33.5M and achieved record quarterly and annual revenue of $602.2M and $1,690M, respectively, driven by high copper production and gold output. Hudbay expects copper production to rise in 2024, while gold output is forecast to soften slightly.