HudBay Minerals Inc. today announced that the company has entered into a gold forward sale and prepay arrangement with a syndicate of its existing lenders whereby the company will receive an upfront payment of US$115 million in exchange for delivering a total of 79,954 gold ounces in 2022 and 2023 based on gold forward curve prices averaging approximately US$1,682 per ounce. The upfront payment is not subject to any [...]
HudBay Minerals Inc. senior management will host a conference call on Friday, May 15, 2020 at 9 a.m. ET to discuss the company’s first quarter 2020 results. First Quarter 2020 Results Conference Call and Webcast Date: Friday, May 15, 2020 Time: 9 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 2020 results on Thursday, May 14, 2020 [...]
41%i increase in Lalor’s life-of-mine gold production from the previous mine plan, including an increase in average annual gold production to over 150,000 ounces during the first eight years of New Britannia production at the lowest quartile all-in sustaining cost globallyii 35% increase in total Snow Lake gold reserves to 2.2 million ounces, supporting an 18-year mine life for the Snow Lake operations Successful [...]
HudBay Minerals Inc. today provided an update on the status of its operations and business preparedness plans in light of the COVID-19 coronavirus pandemic. The company has been closely monitoring the status of the virus outbreak and the rapidly changing environment at all of its operations. Company-wide business preparedness plans were activated earlier this month as part of the company’s crisis management [...]
HudBay Minerals Inc. and Waterton Global Resource Management, Inc. , today announced they have agreed to amend certain of the standstill provisions of the settlement agreement dated May 3, 2019 that resulted in the nomination of new directors independent of Waterton and, at the time, the Company. The parties have agreed to increase the number of Company shares that may be acquired by Waterton from 15.0% to up to 19.99 [...]
Achieved 2019 production and unit cost guidance in Peru and Manitoba; strong performance at the Lalor and 777 mines resulted in zinc production exceeding the top end of the guidance range Constancia achieved record mill throughput and copper recoveries in 2019 Lalor and 777 increased mine output by 22% and 15%, respectively, year-over-year Cash generated from operating activities was $98.7 million in the fourth quarter of [...]
HudBay Minerals Inc. today announced the community of Chilloroya has formally approved a surface rights agreement with Hudbay for the Pampacancha satellite deposit located near the Constancia mine in Peru. With the completion of this agreement, the company expects to be mining ore from the deposit in late 2020. “We are very pleased to have reached a Pampacancha agreement with the community,” said Peter [...]
HudBay Minerals Inc. senior management will host a conference call on Friday, February 21, 2020 at 9 a.m. ET to discuss the company’s fourth quarter 2019 results and production and cost guidance for 2020. Fourth Quarter 2019 Results Conference Call and Webcast Date: Friday, February 21, 2020 Time: 9 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 [...]
HudBay Minerals Inc. today announced the appointment of Peter Kukielski as the company’s President and Chief Executive Officer. Mr. Kukielski had been serving as Interim President and Chief Executive Officer since July 2019. “We are very pleased to appoint Peter as Hudbay’s President and Chief Executive Officer,” said Stephen A. Lang, Hudbay’s Board Chair. “The Board completed a [...]
Delivered a solid operating quarter, which included record quarterly ore throughput at the Constancia mill, and increased ore mined at 777 and Lalor by 9% and 23%, respectively, compared to the same period in 2018. Strong quarterly cost performance in both Peru and Manitoba, with Peru achieving its lowest unit costs in the last eight quarters and Manitoba unit costs stabilizing at a lower level following the ramp up of [...]
HudBay Minerals Inc. senior management will host a conference call on Tuesday, November 12, 2019 at 10 a.m. ET to discuss the company’s third quarter 2019 results. Third Quarter 2019 Results Conference Call and Webcast Date: Tuesday, November 12, 2019 Time: 10 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 third quarter 2019 results on [...]
HudBay Minerals Inc. today announced the appointment of Stephen A. Lang as Chair of the company’s Board of Directors. Mr. Lang has over 40 years of experience in the mining industry, including engineering, development and production at gold, copper, coal and platinum group metals operations. He was Chief Executive Officer of Centerra Gold Inc. from 2008 to 2012 and served as Centerra’s Board Chair from 2012 to [...]
