HudBay Q1 profit dips 47% on impairments, tax charges

Canadian base-metals producer HudBay Minerals generated an $8-million profit for the three months to March 31, 47% lower than the number for the same period in 2011, as one-time, noncash charges ate into earnings, the company said late on...

Implats, Northern Shield formalise QC platinum JV

Canadian junior Northern Shield on Friday said it firmed up a joint venture agreement with world number-two platinum producer Impala Platinum over the TSX-V-listed company’s Idefix property in northern Quebec. The partners had in January inked...

Constancia to cost around $1.5bn to build, says HudBay

Hudbay Minerals, the Canadian base-metals miner, on Modnay hiked the capital cost estimated of its giant Constancia project in Peru by about 50% to $1.5-billion, citing both scope changes and inflation as reasons. A February 2011 feasibility...

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...

Guatemalan lawsuits to continue against HudBay, says lawyer

Lawyers representing alleged human rights abuses victims of Canadian Mining firm HudBay Minerals in Guatemala will continue their efforts to sue the company, despite the TSX-listed firm’s announcement late last week that it would sell the Fenix...

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 exercises Augusta warrants, boosting stake

Toronto-based HudBay Minerals has increased its holding in Augusta Resource Corp to about 14,3%, after exercising 5,45-million of the smaller company's warrants. HudBay exercised the warrants, which it bought in an August 2010 private placement,...

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...

Guatemalan widow's lawsuit against HudBay could be precedent setting

The trial of a Guatemalan woman who is suing Canadian miner HudBay Minerals for C$12-million in the Ontario Superior Court of Justice for the death of her husband in 2009 is “probably years away”, Angelica Choc’s lawyer said on Thursday....

Cheers all round for new Canadian copper heavyweight

Analysts and investors on Thursday welcomed the announcement that Canadian base-metals miners Inmet Mining and Lundin Mining will merge, creating a new Canadian copper producer worth at least C$9-billion. Both companies have mines in Europe, and...

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...

Augusta files draft EIS for review

Vancouver-based Augusta Resource has delivered a full draft of the environmental impact statement for its Rosemont copper project to the US Forest Service - Coronado National Forest for internal review, the firm said on Tuesday. The draft EIS...