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Hudbay Minerals Inc. (TSX, NYSE: HBM) is a leading Canadian integrated mining company dedicated to the discovery, production, and marketing of base and precious metals. With operations spanning across North and South America, Hudbay is principally focused on copper, which constitutes more than half of its revenue, alongside gold, silver, and zinc.
Hudbay's core operations include major mining sites in Manitoba, Canada; Arizona, United States; and Peru. The company produces copper concentrate that includes not only copper but also valuable by-products such as gold and silver. These concentrates are sold to smelters across Asia, America, and Europe, while zinc metal—another significant revenue source—is sold to industrial customers across North America.
Hudbay is committed to maximizing shareholder value through efficient operations, organic growth, and strategic acquisitions. The company is a member of both the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, reflecting its strong market position and commitment to high standards of corporate governance and sustainability.
Recent achievements include significant advancements in mineral reserve and resource estimates, with updated long-term metal prices underpinning economic viability. Hudbay has also demonstrated strong financial health, maintaining a robust balance sheet and clear financial performance measures. The Copper World project in Arizona stands out as a key milestone, expected to generate substantial local economic benefits and create numerous jobs.
Partnerships and Sustainability: Hudbay has entered into a Project Labor Agreement with several unions to ensure skilled local labor for the Copper World Mine. The company is also focused on sustainability, aiming to reduce greenhouse gas and sulfur emissions by producing 'Made in America' copper cathode, which will lessen the need for overseas processing.
Hudbay’s purpose is encapsulated in its mission statement: "We care about our people, our communities, and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives, and create better futures for communities." This mission is evident in their community-focused projects and stringent environmental standards.
On April 18, 2022, Hudbay Minerals announced a conference call scheduled for May 10, 2022, at 8:30 a.m. ET to discuss its first quarter 2022 results. A news release with detailed results will be available on May 9, 2022. Interested parties can access the call via webcast on the company’s website or by dialing 1-416-915-3239 or 1-800-319-4610. Hudbay, listed as HBM on the TSX and NYSE, is a diversified mining company focused on copper, zinc, and precious metals.
Hudbay Minerals (HBM) announced significant growth in mineral reserves, restoring nearly all mining depletion from 2021. The life of its Constancia and Snow Lake mines has been extended to 2038. Average annual copper production at Constancia is projected to reach 105,000 tonnes, a 35% increase from 2021, while gold production at Snow Lake is expected to exceed 180,000 ounces, a 55% rise. Exploration success at various sites, including Constancia Norte and Snow Lake, added substantial reserves, with a new scoping study revealing an inferred mineral resource of 6.5 million tonnes at 1.2% copper at Constancia Norte.
Hudbay Minerals reported strong fourth quarter and full-year 2021 results, with copper production reaching 99,470 tonnes and gold production hitting 193,783 ounces, representing increases of 4% and 55% respectively. Q4 revenue was a record $425.2 million, driven by higher base metal prices. However, net loss for Q4 was $10.5 million due to impairment charges and lower zinc production. The company forecasts a 17% increase in copper production for 2022 and expects significant growth in gold production as well. The construction of the New Britannia mill is complete and achieving operational ramp-up.
Hudbay Minerals Inc. (TSX, NYSE: HBM) will host a conference call on February 24, 2022, at 8:30 a.m. ET to discuss its fourth quarter 2021 results and 2022 production and cost guidance. The results will be released on February 23, 2022, and an archived audio webcast will be available on the company's website. Hudbay is a diversified mining company focused on copper and zinc production across various locations, including Canada and Peru. The company aims to operate responsibly and sustainably while benefiting local communities.
Hudbay Minerals has announced an initial mineral resource estimate for its Copper World project, located near the Rosemont copper project in Arizona. The estimate includes 272 million tonnes of indicated resources at 0.36% copper and 142 million tonnes of inferred resources. Notably, there are high-grade deposits near the surface, including 96 million tonnes at 0.57% copper. The company is advancing a preliminary economic assessment expected in the first half of 2022. The project aims to support U.S. efforts in reducing greenhouse gas emissions while creating local jobs.
Hudbay Minerals has appointed Andre Lauzon as the new Senior Vice President and Chief Operating Officer, effective January 4, 2022. Lauzon will replace Cashel Meagher, who is departing the company. With over 25 years of mining experience, Lauzon has been instrumental in key projects in Manitoba and Arizona. The company also promoted Candace Brûlé to Vice President of Investor Relations, continuing her leadership in investor and media communications. Hudbay focuses on copper, zinc, and silver production while pursuing growth through existing properties and potential acquisitions.
Hudbay Minerals reported Q3 2021 financial results, generating $359.0 million in revenue and $119.3 million in adjusted EBITDA. Copper production reached 23,245 tonnes, while gold production surged 35% to a record 53,872 ounces. Cash costs per pound of copper improved by 26% to $0.62. Despite an overall net loss of $170.4 million, adjusted net earnings per share were $0.15. The company remains on track with its production guidance and has increased liquidity to $450 million following credit facility amendments.
Hudbay Minerals (HBM) will host a conference call on November 4, 2021, at 8:30 a.m. ET to discuss its third quarter 2021 results. The company plans to release these results on November 3, 2021, accessible via its website. Interested parties can join the call by dialing 1-416-915-3239 or 1-800-319-4610. A webcast of the call will also be available online. Hudbay is a diversified mining company engaged in the production of copper concentrate, zinc metal, and operates several mines in Canada and Peru.
Hudbay Minerals Inc. (TSX, NYSE: HBM) has announced the ratification of new three-and-a-half year collective agreements by the United Steelworkers (USW) Local 7106 and Local 9338. This follows the approval of similar agreements by other unions at Hudbay's Manitoba operations in July 2021, completing the collective bargaining process for all six unions. Hudbay operates multiple mines and is focused on developing long-life, low-cost mining projects across the Americas.
Hudbay Minerals has announced promising exploration results from its Copper World project in Arizona, identifying three new deposits, bringing the total to seven. Significant copper mineralization was discovered, with drill hole #191 intersecting 404 feet of 1.50% copper from surface. The drill program, conducted between January and June 2021, is expected to increase the inferred resource estimate, with a preliminary economic assessment planned for 2022. The total drilling has expanded to over 200,000 feet, bolstered by an increased budget of $34 million.
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