Hudbay Minerals Inc. is pleased to announce the signing of an option agreement with Marubeni Corporation , pursuant to which Hudbay has granted Marubeni's wholly-owned Canadian subsidiary an option to acquire a 20% interest in three projects located within trucking distance of Hudbay's processing facilities in Flin Flon, Manitoba, as shown in Figure 1 and further described below. In order to exercise the Option, amongst [...]
Hudbay Minerals Inc. today released its fourth quarter and full year 2023 financial results, and announced 2024 annual production and cost guidance. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine. Delivering Record Fourth Quarter and Full Year Operating and Financial Results Achieved [...]
Hudbay Minerals Inc. senior management will host a conference call on Friday, February 23, 2024 at 11:00 a.m. ET to discuss the company's fourth quarter 2023 results. Fourth Quarter 2023 Results Conference Call and Webcast Date: Friday, February 23, 2024 Time: 11:00 a.m. ET Webcast: www.hudbay.com Dial in: 1-416-764-8650 or 1-888-664-6383 RapidConnect Hudbay plans to issue a news release containing the fourth quarter 2023 [...]
Hudbay Minerals Inc. today announced that its wholly owned subsidiary, Copper Mountain Mining ULC , has exercised the redemption option on its senior secured 8% notes . Copper Mountain will redeem the remaining $54.7 million principal amount outstanding of Copper Mountain Bonds on or about November 30, 2023 at a call price equal to 104% of the principal amount being redeemed, plus accrued and unpaid interest to the date [...]
Hudbay Minerals Inc. today released its third quarter 2023 financial results. All amounts are in U.S. dollars, unless otherwise noted. Delivering Record Third Quarter Operating and Financial Results Achieved record quarterly revenue of $480.5 million with strong consolidated copper production of 41,964 tonnes and record quarterly consolidated gold production of 101,417 ounces as higher grades from the Pampacancha deposit [...]
Hudbay Minerals Inc. senior management will host a conference call on Thursday, November 9, 2023 at 9:00 a.m. ET to discuss the company's third quarter 2023 results. Third Quarter 2023 Results Conference Call and Webcast Date: Thursday, November 9, 2023 Time: 9:00 a.m. ET Webcast: www.hudbay.com Dial in: 1-646-307-1591 or 1-800-599-5188 International Access Numbers Hudbay plans to issue a news release containing the third [...]
Hudbay Minerals Inc. is pleased to announce that it has completed its acquisition of Rockcliff Metals Corp. . Hudbay acquired all of the issued and outstanding common shares of Rockcliff that it did not already own pursuant to a court-approved plan of arrangement, effective as of today's date . As a result of closing the Transaction, Rockcliff is now a wholly-owned subsidiary of Hudbay and, in accordance with the terms of [...]
Phase I, which is a standalone operation requiring only state and local permits for an extended 20-year mine life, has an after-tax net present value of $1.1 billion and generates a 19% internal rate of return at a copper price of $3.75 per pound. Average annual copper production over the first ten years of approximately 92,000 tonnes at cash costs and sustaining cash costs of $1.53 and $1.95 per pound of copperi [...]
Hudbay Minerals Inc. today released its second quarter 2023 financial results. All amounts are in U.S. dollars, unless otherwise noted. Positioned for Strong Production Growth and Free Cash Flow Generation in the Second Half of 2023 Reaffirmed full year 2023 consolidated production, cash cost and sustaining cash cost guidance for Hudbay's Peru and Manitoba operations. On June 20, 2023, Hudbay completed the acquisition of [...]
Hudbay Minerals Inc. releases positive results from the company's 2023 winter drill program near its Lalor mine in Snow Lake, Manitoba, and announces the significant consolidation of land in the Snow Lake region through several strategic transactions. The agreements with multiple land holders will increase Hudbay's holdings in the Snow Lake region by more than 250% to a total of 2,690 square-kilometres. The drilling [...]
Hudbay Minerals Inc. senior management will host a conference call on Wednesday, August 9, 2023 at 8:30 a.m. ET to discuss the company's second quarter 2023 results. Second Quarter 2023 Results Conference Call and Webcast Date: Wednesday, August 9, 2023 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 second quarter 2023 results on [...]
Hudbay Minerals Inc. announces the signing of a memorandum of understanding with Marubeni Corporation that establishes the framework for a multi-year exploration partnership focused on the discovery of new deposits within trucking distance of Hudbay's existing processing facilities in Flin Flon, Manitoba. "Signing this MOU is the beginning of what we hope will be a long-term relationship between Hudbay and Marubeni to [...]