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 forecasts similar output levels in 2011

Toronto-based HudBay Minerals expects production of zinc, copper and precious metals will be similar in 2011 compared with this year, the firm said on Monday. Lower output from the ageing Trout Lake mine will be offset by a full year of...

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 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...

HudBay in 'advanced' talks on copper conc sales

Toronto-based HudBay Minerals expects to make an announcement soon on a contract to sell copper concentrate produced at its Manitoba operations for smelting and refining, interim CEO Warren Holmes said on Thursday. HudBay has historically...

HudBay's latest Lalor results 'better than expected'

Canada's HudBay Minerals has received more encouraging results from its Lalor mineral deposit in the Flin Flon greenstone belt, the company revealed on Monday. HudBay has said it plans to fast-track and prioritise plans to develop the Lalor...

HudBay budgets C$207,9m capex in 2010

Toronto-based HudBay Minerals has forecast capital spending of $207,9-million this year, including sustaining capital at its operations and funding for the development of its new Lalor project, the firm said on Wednesday. HudBay said it produced...

HudBay sees mid-2010 decision on Guatemala nickel project

Canadian base-metals miner HudBay Minerals expects to make a final decision on whether to proceed with the Fenix nickel project, in Guatemala, around the middle of next year, CEO Peter Jones said on Wednesday. The company is trying to come up...

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...