HudBay Minerals Inc
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COPPER: Year end revenue up for Hudbay Minerals
TORONTO – Hudbay Minerals has posted its 2014 year end numbers, recording revenue of $559.96 million, compared to $516.80 million in 2013. Positive results for 2014 profit ($71.87 million) and operating cash flow ($15.35 million) added to…
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COPPER-ZINC-GOLD-SILVER: Hudbay tallies year end output, offers 2015 guidance
TORONTO – Hudbay Minerals’ 2014 production numbers benefited slightly from the start up of the Constancia project in Peru. Although the new mine contributed only 571 tonnes of copper in concentrate before year end, the company recorded…
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Long-awaited Arizona project moves closer to reality thanks to Hudbay Minerals
What you see is what you get” isn’t always true.
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SETTLEMENT: Callinan, Hudbay reach agreement
VANCOUVER – Callinan Royalties Corp. says it has reached an comprehensive agreement with Hudbay Minerals of Toronto. The deal ends litigation and creates a new relationship between the companies.
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MERGER: Hudbay to pick up remaining Augusta shares
TORONTO – It’s been a long courtship, but Hudbay Minerals has finally reached the point where it can take up the remaining 4% of Augusta Resource Corp. shares. The original offer was made in February 2014, but Augusta fought the takeover…
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Top 40: Not Much has Changed
This is the time of year we at CMJ pause to examine how Canada’s mining companies performed during the previous year. We start by poring through year-end 2013 results from twice as many companies as will make the list in an effort not to…
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RESULTS: Roundup for the second quarter
This is the season for corporations to announce their second quarter results, both financial and operational. As expected, the news releases are arriving at the inbox in large numbers. Yesterday we offered results from Sherritt and North…
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The Reed copper project in Manitoba goes from construction to production in just two years
The Reed copper project, located in northern Manitoba midway between Flin Flon and Snow Lake, is within the Grass River Provincial Park and adjacent to provincial Highway 39. In fact, the mine is within a home-run ball from the highway on one…
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Augusta Resource comments on permitting at Rosemont
Hudbay Minerals (TSX: HBM; NYSE: HBM) is extending its hostile takeover offer for Augusta Resource Corp. (TSX: AZC) to May 16 from May 5 and says it’s digesting news released late last week of permitting delays at Augusta’s Rosemont…
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COMMENT: Hudbay, Augusta remain at odds over merger
TORONTO – There is another merger on the horizon, one that has stirred up a fair amount of animosity but none of the headlines of the failed Barrick-Newmont talks. This one is the hostile takeover of Augusta Resource Corp. by Hudbay…
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Rough and tumble M&A: Watch for more hostile bids, distressed M&A this year
The days of mining companies being offered fat premiums by potential buyers are but a distant dream to shareholders.
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MERGER: Augusta board says “no” to Hudbay offer
TORONTO – The board of Augusta Resource Corp. unanimously recommends that its shareholders reject the unsolicited takeover offer from Hudbay Minerals. Earlier this month, Hudbay offered to acquire all the issued and outstanding common…