HudBay Minerals Inc. highlights its proven track record, successful execution and strong corporate governance following Waterton Global Resource Management’s news release naming its nominees for election to the company’s Board of Directors at its next annual shareholders’ meeting. Table 1: Constancia is the lowest cost open pit copper mine in South America 1 Proven Growth Strategy and World-Class Asset [...]
Mason Resources and HudBay Minerals announce the completion of the previously announced plan of arrangement under Part 9, Division 5 of the Business Corporations Act whereby Hudbay has acquired all of the issued and outstanding common shares of Mason it did not already own for C$0.40 per Common Share. "We are pleased to complete the acquisition of Mason and add the Ann Mason project to our pipeline," said Alan Hair [...]
HudBay Minerals Inc. today announced that Waterton Global Resource Management, Inc., on behalf of certain funds managed by it has withdrawn its special meeting requisition for the purpose of considering an advisory resolution. Accordingly, the company will cancel the shareholder meeting it had previously set for February 28, 2019. As the company noted in its November 13, 2018 press release, the Board welcomes constructive [...]
HudBay Minerals Inc. today announced that it has set February 28, 2019 for a Special Meeting of the company’s shareholders for the purpose of considering an advisory resolution with respect to certain potential transactions. The vote on the advisory resolution was requisitioned by Waterton Global Resource Management, Inc., on behalf of certain funds managed by it. Shareholders will receive information about the [...]
HudBay Minerals Inc. today released its third quarter 2018 financial results. All amounts are in U.S. dollars, unless otherwise noted. Summary: Earnings per share of $0.09 and cash from operating activities of $113.8 million in the third quarter of 2018. Achieved record mill throughput and copper recoveries at Constancia. Trade-off studies have been completed and Hudbay believes the refurbishment of the New Britannia mill [...]
Mason Resources Corp. and HudBay Minerals Inc. are pleased to announce that they have entered into an arrangement agreement pursuant to which Hudbay will acquire the remaining 86% of the issued and outstanding common shares of Mason that it does not already own. All currency is stated in Canadian dollars, unless otherwise indicated. Under the Arrangement, Mason shareholders will receive $0.40 in cash for each Mason common [...]
HudBay Minerals Inc. today announced that Waterton Global Resource Management, Inc., on behalf of certain funds managed by it , has requisitioned a special meeting of the company’s shareholders for the purposes of considering an advisory resolution with respect to certain potential transactions. The company’s board of directors will review the requisition and respond in due course. The Board welcomes [...]
Waterton calls on Hudbay Board to immediately terminate any discussions or plans to execute the Mantos Transaction and any other material acquisitions in the near future. Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Offshore Master, LP , each of which are managed by Waterton Global Resource Management, Inc. ), owning 12,514,886 or approximately 4.8% of the issued and outstanding shares of [...]
HudBay Minerals Inc. Hudbay today commented on a media report speculating on a potential business acquisition by the company. While the company’s policy is to avoid comment on speculation and rumours, Hudbay emphasizes that it has had a consistent strategy of optimizing the value of its current operations and evaluating growth opportunities that are complementary to its current business and that it continues to [...]
HudBay Minerals Inc. senior management will host a conference call on Thursday, November 1, 2018 at 10 a.m. ET to discuss the company’s third quarter 2018 results. Third Quarter 2018 Results Conference Call and Webcast Date: Thursday, November 1, 2018 Time: 10 a.m. ET Webcast: www.hudbay.com Dial in: 416-849-1847 or 1-866-530-1554 Hudbay plans to issue a news release containing the third quarter 2018 results on [...]
TORONTO, July 31, 2018 -- HudBay Minerals Inc. today released its second quarter 2018 financial results. All amounts are in U.S. dollars, unless otherwise noted. Summary: Net profit and earnings per share in the second quarter of 2018 were $25 million and $0.09, respectively, compared to a net profit and earnings per share of $19 million and $0.08, respectively, in the second quarter of 2017 Operating cash flow1 of $132 [...]
TORONTO, July 17, 2018 -- HudBay Minerals Inc. announced today that it is hosting a site visit by analysts and investors to its Constancia mine in Peru on July 17-18, 2018. A copy of the site visit presentation, which contains operational and other updates, is available on Hudbay’s website at www.hudbay.com. Hudbay also today released its second quarter 2018 production results for its Peru operations. All amounts [...]