TORONTO (AP) _ HudBay Minerals Inc. (HBM) on Tuesday reported a loss of $60.1 million in its first quarter.

The Toronto-based company said it had a loss of 23 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The mining company posted revenue of $313.6 million in the period, which also missed Street forecasts. Fourteen analysts surveyed by Zacks expected $350.2 million.

HudBay Minerals shares have risen 32% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.26, nearly quadrupling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBM at https://www.zacks.com/ap/HBM

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News