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 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 announces restart of Manitoba mine, concentrator

TSX-listed Hudbay Minerals will restart its Chisel North mine and concentrator in Snow Lake, Manitoba, effective immediately, at a capital cost of about C$7-million, the company announced on Friday. The operations will ramp up to full...

HudBay surges on production plans for new Lalor deposit

Shares in Toronto-based HudBay Minerals leapt on Thursday after the company announced it will spend C$85-million to build a production ramp linking the Chisel North mine, in Manitoba, to the new Lalor deposit. The ramp will allow near-term...

HudBay pursues output at Lalor as 'highest priority', finds new copper/gold zone

Canada's HudBay Minerals has had some significant copper and gold drill hole intersections at its Lalor deposit, in Manitoba, and believes it has found a new copper/gold-rich zone of mineralisation, the firm announced on Tuesday. The Lalor...

Hudbay will close Flin Flon copper smelter by July 2010

Canadian base-metals miner HudBay Minerals expects to close its copper smelter in Flin Flon, Manitoba, before July 1, 2010, and its copper refinery in White Pine, Michigan, shortly thereafter, the firm announced on Thursday. The company expects...