Canadian Mining Journal


HudBay Minerals Inc


  • News

    BASE METALS: Hudbay tallies year end losses

    February 20, 2014 by Canadian Mining Journal Editor

    TORONTO – Hudbay Minerals has finished 2013 with a loss of $109.3 million, or $0.59 per share. The previous year, the company experienced a loss of $23.5 million or $0.12 per share. Revenue totaled $516.8 million in 2013, compared to…

  • News

    TAKEOVER: Hudbay sets sights on Augusta’s Rosemont project

    February 10, 2014 by Canadian Mining Journal Editor

    TORONTO – Hudbay Minerals has announced its intention to acquire all of the issued and outstanding common shares it does not already own of Vancouver’s Augusta Resource Corp., a deal that values the smaller company at $540 million….

  • News

    BASE METALS: Hudbay offers 2014 forecast, spending

    January 8, 2014 by Canadian Mining Journal Editor

    TORONTO – Hudbay Minerals is making plans for capital expenditures of $904 million in growth initiatives next year, plus $20.4 million on exploration. The announcement comes as both the Reed copper and Lalor gold-zinc mines are expected…

  • News

    FUNDING: Hudbay bulks up for three growth projects

    December 4, 2013 by Canadian Mining Journal Editor

    TORONTO – Hudbay Minerals is bulking up its treasury by issues US$100 million of its 9.5% senior unsecured notes due Oct. 1, 2020. These notes are in addition to the US$650 million raised by issuing similar unsecured notes in September…

  • News

    Prophecy Platinum reports half-mile of continuous mineralization

    November 26, 2013 by Canadian Mining Journal Editor

    Picture seven football fields in a row of continuous mineralization and that’s the width of platinum group metal mineralization intercepted in a single drill hole at Prophecy Platinum’s (TSXV: NKL; US-OTC: PNIKF) Wellgreen PGM-nickel-copper…

  • News

    Silver Wheaton buys half of Constancia’s gold output

    November 6, 2013 by Canadian Mining Journal Editor

    Silver Wheaton (TSX: SLW; NYSE: SLW) has inked a second offtake agreement on Hudbay Mineral’s (TSX: HBM; NYSE: HBM) Constancia polymetallic project in southern Peru: this time for its gold output.

  • News

    Silver Wheaton’s model thrives in tough times

    October 7, 2013 by Canadian Mining Journal Editor

    After inventing the precious metal stream back in 2004 Silver Wheaton (TSX: SLW; NYSE: SLW) has noticed the landscape getting more crowded.

  • News

    COPPER: Production begins at Reed mine

    October 1, 2013 by Canadian Mining Journal Editor

    MANITOBA – With the receipt of the environmental licence, Hudbay Minerals (70%) of Toronto has begun initial concentrate production from the Reed copper 1,300- t/d underground mine near Snow Lake. VMS Ventures of Vancouver holds 30% of…

  • News

    COPPER: Ore pad, refuge station readied at Reed project

    August 21, 2013 by Canadian Mining Journal Editor

    MANITOBA – Word comes from 30% joint venture partner VMS Ventures of Vancouver that work is progressing at the Reed copper project near Flin Flon. During July construction of the surface ore pad and excavation of the 60-metre level refuge…

  • News

    129 metres of 1.29% copper for Panoro at Cotabambas

    July 16, 2013 by Canadian Mining Journal Editor

    VANCOUVER – A long copper-gold intercept suggests the Ccalla deposit has more mineralization to offer for Panoro Minerals (TSXV: PML) as the company gets set to update the resource estimate at its Cotabambas project in Peru.

  • News

    PRECIOUS METALS: Hudbay pockets $125M from Silver Wheaton

    June 26, 2013 by Canadian Mining Journal Editor

    TORONTO – Hudbay Minerals has received a deposit payment of US$125 million from Silver Wheaton Corp. The money is part of a previously announced US$750 million precious metals stream transaction.

  • News

    COPPER: Production from Reed expected by year end

    May 27, 2013 by Canadian Mining Journal Editor

    MANITOBA – Development work is coming along nicely at the Reed copper project 50 km southwest of Snow Lake. Owners Hudbay Minerals (70% and operator) and VMS Ventures (30%) are anticipating the start of production before the end of 2013.