{
 "as_of": "2026-11-06",
 "cmr": "ca-cm-kg/TSX/HBM",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Hudbay Minerals Inc. (TSX: HBM) — research page\n\nAs of 2026-11-06 · ca-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Hudbay Minerals Inc., listed on the TSX under ticker HBM. Its LEI is 549300XKYRPJ5NQCYC63. The ISIN is not on the record (no ISIN found on issuer pages). The security type is Corporate, the sector is Mining, and the jurisdiction is Canada (federal) (CA). The segment is not on the record. The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 15 filings in the window 2025-11-06 to 2026-11-06, across 11 filing days. Of these, 14 are newswire releases and 1 is a financial statement. The median gap between filing days is 21.5 days. The latest filing is dated 2026-11-06, a newswire release, and is 0 days before the record date. The TSX median cadence gap is 16 days, with a median of 0.0 filings and a median latency of 3.0 days. The Mining sector median cadence gap is 17.0 days, with a median of 10.0 filings and a median latency of 15.0 days.\n\n## Auditor\n\nThe auditor is not on the record (none found), and its location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds no listing, delisting, name change, domicile change or segment move lines. The halt flag is listed, not halted.\n\n## Orderability\n\nUnder rule version acm-68000/ca/kyp-know-your-product-ni-31-103/r1, as of 2026-11-04, the client category Paragraph (o) of the definition has signal ACM-200 and is determinable. The client category Paragraph (q) of the definition has signal ACM-200 and is determinable.\n\n## Coverage\n\nThe record holds 24 research houses named on the issuer's investor-relations page: Barclays, BMO Capital Markets, BTG Pactual, CIBC World Markets, Citi Research Group, Cormark Securities, Desjardins, Global Mining Research, Goldman Sachs, Haywood Securities, Jefferies, John Tumazos Very Independent Research, National Bank Financial, Paradigm Capital, Raymond James, RBC Capital Markets, Safra Securities, Scotiabank, Stifel, TD Securities, UBS, Veritas Investment Research, Canaccord Genuity, and Very Independent Research.\n\n## Open research\n\nThe record holds no openly published research notes; none were found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed, and no issuer years are sealed on the record. The market's earliest sealed date is not on the record. The live record began on 2026-09-10. Years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.tsx.com/json/company-directory/search/tsx/^* (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/549300XKYRPJ5NQCYC63 (identity.jurisdiction)\n- https://www.tsx.com/en/resource/571 (identity.sector)\n- https://mcp.ca-cm-kg.ai/events/TSX/HBM (the disclosure lines)\n- https://iiroc.mediaroom.com/index.php?s=2429&l=100 (the halt flag)\n- https://mcp.ca-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://hudbayminerals.com/investors/analyst-coverage/default.aspx (coverage)\n- https://mcp.ca-cm-kg.ai/record/TSX/HBM (the record)\n",
 "market": "CA",
 "node": "ca-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-10",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the CA store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "market": "CA",
    "reason": "none found",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "CA",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CA",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "ca-cm-kg/TSX/HBM",
  "coverage": {
   "count": 24,
   "houses": [
    {
     "analyst": "Richard Garchitorena",
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Matthew Murphy",
     "house": "BMO Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Leonardo Correa",
     "house": "BTG Pactual",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Anita Soni",
     "house": "CIBC World Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Alex Hacking",
     "house": "Citi Research Group",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Stefan Ioannou",
     "house": "Cormark Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Bryce Adams",
     "house": "Desjardins",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "David Radclyffe",
     "house": "Global Mining Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Marcio Farid",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Pierre Vaillancourt",
     "house": "Haywood Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Fahad Tariq",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "John Tumazos",
     "house": "John Tumazos Very Independent Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Shane Nagle",
     "house": "National Bank Financial",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Jeff Woolley",
     "house": "Paradigm Capital",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Judith Elliott",
     "house": "Raymond James",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Sam Crittenden",
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Ricardo Monegaglia",
     "house": "Safra Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Orest Wowkodaw",
     "house": "Scotiabank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Ralph Profiti",
     "house": "Stifel",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Craig Hutchison",
     "house": "TD Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "George Eadie",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Martin Pradier",
     "house": "Veritas Investment Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "Dalton Baretto",
     "house": "Canaccord Genuity",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    },
    {
     "analyst": "John Tumazos",
     "house": "Very Independent Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx",
     "result": "read: 24 of 47 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2270,
     "median_cadence_gap_days": 16,
     "median_filings": 0,
     "median_latency_days": 3,
     "name": "TSX"
    },
    "sector": {
     "issuers": 1414,
     "median_cadence_gap_days": 17,
     "median_filings": 10,
     "median_latency_days": 15,
     "name": "Mining"
    }
   },
   "by_type": {
    "financial_statement": 1,
    "newswire_release": 14
   },
   "cadence_median_gap_days": 21.5,
   "filing_days": 11,
   "filings": 15,
   "latency_days": 0,
   "latest": [
    {
     "category": null,
     "date": "2026-11-06",
     "source": "https://www.globenewswire.com/news-release/2026/11/06/3397760/0/en/hudbay-files-technical-report-for-its-snow-lake-operations-in-manitoba.html",
     "title": "Hudbay Files Technical Report for its Snow Lake Operations",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-21",
     "source": "https://www.globenewswire.com/news-release/2026/10/21/3385092/0/en/hudbay-and-mitsubishi-approve-copper-world-project-construction-advancing-next-major-u-s-copper-mine-towards-first-production-in-2029.html",
     "title": "Hudbay and Mitsubishi Approve Copper World Project",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-21",
     "source": "https://www.globenewswire.com/fr/NewsRoom/AttachmentNg/ea16a6d3-a37c-4495-9e3f-2b0cb0251a52",
     "title": "Hudbay's First Capital Contribution Deferred to 2028",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-21",
     "source": "https://www.globenewswire.com/NewsRoom/AttachmentNg/ea16a6d3-a37c-4495-9e3f-2b0cb0251a52",
     "title": "Hudbay's First Capital Contribution Deferred to 2028",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-15",
     "source": "https://www.globenewswire.com/news-release/2026/10/15/3382054/0/en/index.html",
     "title": "Hudbay to Host Conference Call for Third Quarter 2026 Results",
     "type": "financial_statement"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/HBM",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "TSX"
   },
   "isin": {
    "market": "CA",
    "reason": "no ISIN found on issuer pages",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/549300XKYRPJ5NQCYC63",
    "state": "confirmed",
    "value": "Canada (federal) (CA)"
   },
   "lei": {
    "read_by": "GLEIF name-exact",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/549300XKYRPJ5NQCYC63",
    "state": "sourced",
    "value": "549300XKYRPJ5NQCYC63"
   },
   "name": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "Hudbay Minerals Inc."
   },
   "sector": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Mining"
   },
   "security_type": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CA",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "HBM"
   },
   "website": {
    "market": "CA",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": [],
   "listing": [],
   "name_change": [],
   "segment_move": []
  },
  "market": "CA",
  "node": "ca-cm-kg",
  "numbers_hash": "sha256:33d0825bbc0c9e8e1b6133d419acde4cac34ca582a9c8d32969a677ad73ff728",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Paragraph (o) of the definition",
    "Paragraph (q) of the definition"
   ],
   "outcomes": {
    "Paragraph (o) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Paragraph (q) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ca-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ca-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ca/kyp-know-your-product-ni-31-103/r1",
   "section": "ca.aio.v11"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ca-cm-kg.ai/record/TSX/HBM",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:33d0825bbc0c9e8e1b6133d419acde4cac34ca582a9c8d32969a677ad73ff728",
 "path": "/ca/TSX/HBM",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Hudbay Minerals Inc., listed on the TSX under ticker HBM. Its LEI is 549300XKYRPJ5NQCYC63. The ISIN is not on the record (no ISIN found on issuer pages). The security type is Corporate, the sector is Mining, and the jurisdiction is Canada (federal) (CA). The segment is not on the record. The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 15 filings in the window 2025-11-06 to 2026-11-06, across 11 filing days. Of these, 14 are newswire releases and 1 is a financial statement. The median gap between filing days is 21.5 days. The latest filing is dated 2026-11-06, a newswire release, and is 0 days before the record date. The TSX median cadence gap is 16 days, with a median of 0.0 filings and a median latency of 3.0 days. The Mining sector median cadence gap is 17.0 days, with a median of 10.0 filings and a median latency of 15.0 days.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record (none found), and its location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds no listing, delisting, name change, domicile change or segment move lines. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under rule version acm-68000/ca/kyp-know-your-product-ni-31-103/r1, as of 2026-11-04, the client category Paragraph (o) of the definition has signal ACM-200 and is determinable. The client category Paragraph (q) of the definition has signal ACM-200 and is determinable.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The record holds 24 research houses named on the issuer's investor-relations page: Barclays, BMO Capital Markets, BTG Pactual, CIBC World Markets, Citi Research Group, Cormark Securities, Desjardins, Global Mining Research, Goldman Sachs, Haywood Securities, Jefferies, John Tumazos Very Independent Research, National Bank Financial, Paradigm Capital, Raymond James, RBC Capital Markets, Safra Securities, Scotiabank, Stifel, TD Securities, UBS, Veritas Investment Research, Canaccord Genuity, and Very Independent Research.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds no openly published research notes; none were found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed, and no issuer years are sealed on the record. The market's earliest sealed date is not on the record. The live record began on 2026-09-10. Years 2021, 2022, 2023, 2024, 2025 and 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.tsx.com/json/company-directory/search/tsx/^*"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/549300XKYRPJ5NQCYC63"
  },
  {
   "for": "identity.sector",
   "source": "https://www.tsx.com/en/resource/571"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/HBM"
  },
  {
   "for": "the halt flag",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ca-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://hudbayminerals.com/investors/analyst-coverage/default.aspx"
  },
  {
   "for": "the record",
   "source": "https://mcp.ca-cm-kg.ai/record/TSX/HBM"
  }
 ],
 "title": "Hudbay Minerals Inc. (HBM) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}