HudBay Minerals shares soared 5.00% intraday on Wednesday, driven by the company’s second‑quarter earnings release that exceeded analyst expectations and highlighted the tailwind of elevated metal prices.

The Canadian miner reported adjusted earnings per share of $0.28, surpassing the FactSet consensus estimate of $0.26. Revenue climbed 14% to $631.3 million, roughly in line with forecasts, as higher realized copper and gold prices more than offset rising input costs and a slight dip in copper production. The company also noted the completion of its $1.48 billion acquisition of Arizona Sonoran, which paves the way for significant copper‑production growth, targeting more than 250 000 tons per year by 2030.

The combination of a bottom‑line beat, a robust revenue performance, and a clear growth roadmap through the Arizona Sonoran deal bolstered investor sentiment and sent the stock sharply higher during the session.