Economic jitters haven't frozen mining credit - HudBay's Garofalo

As markets continued to sway on Wednesday, base metals producer HudBay Minerals CEO David Garofalo assured investors that there had been no credit freeze for mining companies with good projects. His company may raise $400-million to $500-million...

HudBay to build new concentrator at Lalor, extends mine life

HudBay Minerals now plans to build a new C$264-million concentrator and paste backfill plant at its Lalor project, in Manitoba, rather than refurbishing an existing facility at the nearby Snow Lake operation. Because of the size of the Lalor...

HudBay eyes export-credit groups for project debt tied to offtake

Canadian base-metals miner HudBay Minerals has received interest from export-credit agencies regarding long-term debt funding for its Constancia project in Peru and will aim to have agreements in place by year-end, CEO David Garofalo said in an...

HudBay looking for partners on Guatemala nickel project

HudBay Minerals has begun looking for partners to participate in developing its Fenix nickel project in Guatemala and expects to have some news towards the end of this year, CEO David Garofalo said on Thursday. The company completed an updated...

HudBay profit boosted by metals prices

Toronto-based HudBay Minerals earned $24,5-million in the fourth quarter of 2010, compared with $7,2-million a year earlier, after higher metals prices more than offset the effects of lower sales volumes and a stronger Canadian dollar, the company...

HudBay sets sights on Peruvian copper

Toronto-based HudBay Minerals has agreed to buy Norsemont Mining for a combination of cash and shares, the companies said on Monday. HudBay will pay 0,2617 of a share and $0,001 in cash, or C$4,50 in cash, for each Norsemont share, subject to a...

HudBay could see 2012 output from Reed Lake project

Canada's HudBay Minerals expects production could begin in 2012 from the Reed Lake project in Manitoba, CEO David Garofalo said on Thursday. HudBay owns 70% of the project, located on the Flin Flon Greenstone belt, and junior VMS Ventures holds...

HudBay lays out project plans, acquisition strategy

Canadian base-metals miner HudBay Minerals plans to aggressively develop its own growth projects, but will be conservative when it comes to making acquisitions, the firm's new chief executive said on Thursday. HudBay has approved the start of...

HudBay gives Lalor green light, approves dividend

Canadian miner HudBay Minerals has approved the start of full construction for its Lalor project, in Manitoba, with first production expected by the second quarter of 2012, and announced a semi-annual shareholder dividend. HudBay earned...

Hudbay discovers more gold and copper at Lalor deposit

The development of base-metals-miner Hudbay Minerals’ Lalor deposit, in the Chisel basin of Manitoba’s Flin Flon Greenstone Belt, was continuing on an “expedited” basis, with shaft collaring and sinking expected to start later this year,...

HudBay wants to buy copper, zinc assets in the Americas

Toronto-based HudBay Minerals is in the market for base-metal acquisitions, and mainly ones located in North America, acting CEO Warren Holmes said on Wednesday. However, the firm, which ended the first quarter with C$910-million in cash, will...

HudBay Minerals swings to Q1 profit

Canadian base-metals miner Hudbay Minerals earned C$23,6-million in the first quarter, compared with a C$4-million loss in the same period of 2009, helped by stronger metals prices in the first three months of this year. Revenue for the quarter...