HudBay Minerals Inc. today announced that production has resumed at its Lalor mine, located in Snow Lake, Manitoba after a fatal incident that occurred on June 19, 2021. Hoisting activities resumed on June 23 and production has since returned to normal levels. About Hudbay Hudbay is a diversified mining company primarily producing copper concentrate and zinc metal. Directly and through its subsidiaries, Hudbay owns three [...]
HudBay Minerals Inc. today announced that a fatality occurred at its Lalor mine, located in Snow Lake, Manitoba. The incident occurred during underground mining operations on the evening of June 19, 2021, when a worker employed by a service provider was fatally injured from a fall while working at height. No other personnel were injured and the scene has been secured. All underground mining operations at the Lalor mine [...]
HudBay Minerals Inc. today announced the release of its integrated annual and sustainability report . The Annual Sustainability Report provides transparency and progress on key accomplishments and initiatives in 2020. Hudbay believes that continuously improving how the company manages the social, environmental and economic risks, impacts and opportunities associated with its activities is critical for the company's [...]
HudBay Minerals Inc. announced that each of the ten individuals nominated for election as a director of Hudbay at the company's Annual and Special Meeting of Shareholders held on May 17, 2021 was elected. The detailed voting results are set out below: Director Number of Votes FOR Number of Votes Withheld Percentage of Votes FOR Carol T. Banducci 193,235,851 925,004 99.52% Igor A. Gonzales 190,799,304 3,361,551 98.27 [...]
HudBay Minerals Inc. today released its first quarter 2021 financial results. All amounts are in U.S. dollars, unless otherwise noted. First Quarter Operating and Financial Results Consolidated copper production in the first quarter was 24,553 tonnes at cash cost and sustaining cash cost1 per pound of copper produced, net of by-product credits, of $1.04 and $2.16, respectively. Consolidated gold production in the first [...]
HudBay Minerals Inc. senior management will host a conference call on Wednesday, May 12, 2021 at 8:30 a.m. ET to discuss the company's first quarter 2021 results. First Quarter 2021 Results Conference Call and Webcast Date: Wednesday, May 12, 2021 Time: 8:30 a.m. ET Webcast: www.hudbay.com Dial in: 1-416-915-3239 or 1-800-319-4610 Hudbay plans to issue a news release containing the first quarter 2021 results on Tuesday [...]
HudBay Minerals Inc. today announced that the final land user agreement for Pampacancha has been completed and Hudbay now has full access to the site to begin pit development activities. "We are very pleased to have completed the final land user agreements at Pampacancha and we remain on track for first production in the second quarter of 2021, in line with guidance," said Peter Kukielski, Hudbay's President and Chief [...]
27-year mine life with average annual copper production of approximately 140,000 tonnes over the first ten years of full production. Mason has the potential to more than double Hudbay's current copper production levels, and if brought into production, Mason is expected to become the third largest copper mine in the United States. After-tax net present value of $519 million and 13.7% internal rate of return at $3.10 per [...]
Global Increase to Copper and Gold Reserves Hudbay's total mineral reserves increase by approximately 170,000 tonnes of contained copper and 360,000 ounces of contained gold compared to the prior year's estimates after adjusting for mining depletion in 2020. New three-year production guidance issued; consolidated copper and gold production are expected to increase by 36% and 125%i, respectively, by 2023 from 2020 levels [...]
Drill hole #035A intersected 500 feet of 0.82% copper starting at surface Drill hole #012 intersected 246 feet of 0.70% copper starting at surface Drill hole #011 intersected 440 feet of 1.38% copper All new intersections are on Hudbay's wholly-owned private land TORONTO, March 29, 2021 -- HudBay Minerals Inc. today announced the intersection of high-grade copper sulphide and oxide mineralization at shallow depth on its [...]
HudBay Minerals Inc. today announced that it has completed its previously announced offering of US$600 million aggregate principal amount of 4.50% senior notes due 2026 . The New Notes will be governed by an indenture, dated as of March 8, 2021, among the company, the subsidiaries of the company party thereto as guarantors and U.S. Bank National Association, as trustee. Hudbay intends to use the net proceeds of the [...]
HudBay Minerals Inc. today announced that it has priced an offering of US$600 million aggregate principal amount of 4.50% senior notes due 2026 . The New Notes will be issued at 100% of their principal amount, providing the company with gross proceeds of US$600 million. The New Notes offering is expected to close on March 8, 2021, subject to customary closing conditions. Hudbay plans to use the net proceeds from the [...]
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