HudBay today released its first quarter 2012 financial results. The company reported a profit of $8.0 million, or $0.05 per share, in the first quarter of 2012, compared to a profit of $15.1 million, or $0.11 per share in the first quarter of 2011. Operating cash flow before change in non-cash working capital was $42.2 million, or $0.25 per share(i), in the first quarter of 2012 compared to $41.9 million, or $0.27 per [...]
TORONTO, ONTARIO -- (Marketwire) -- 04/17/12 -- HudBay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM)(NYSE: HBM) senior management will host a conference call on Thursday, May 10, 2012 at 10 a.m. ET to discuss the company's first quarter 2012 results and provide an update on development activities.
-- Increases in Hudbay's copper equivalent proven and probable reserves, measured and indicated resources and inferred resources over the past year, of 5%, 31% and 9%, respectively
-- Initial mineral resource estimate at Pampacancha includes 51.2 million tonnes of measured and indicated mineral [...]
HudBay Minerals today announced that it has acquired 3,900,000 units (“Units“) of Panoro Minerals Ltd. at a purchase price of C$0.60 per Unit for total consideration of C$2,340,000. Each Unit consists of one common share of Panoro (a “Common Share“) and one-half of one Common Share purchase warrant (a “Warrant“). Each whole Warrant will entitle Hudbay to acquire one Common Share at an exercise price of C$0.85 per Common [...]
2011 production and operating cost targets achieved with strong fourth quarter operating results. Fourth quarter operating cash flow before changes in non-cash working capital(i) increased 42% to $52.2 million compared with the same period last year.
TORONTO, ONTARIO -- (Marketwire) -- 02/24/12 -- HudBay Minerals Inc. ('Hudbay') (TSX: HBM)(NYSE: HBM) today announced it is uniting all of its operations under the Hudbay brand to better position itself for continued growth and expansion. At a special event and webcast for the company's nearly 1,500 employees across the Americas, Hudbay President and CEO David Garofalo explained the rationale for consolidating the brand
TORONTO, ONTARIO -- (Marketwire) -- 02/16/12 -- HudBay Minerals Inc. ('HudBay', the 'company') (TSX: HBM)(NYSE: HBM) announced today that David Garofalo, President and Chief Executive Officer, will be speaking on Tuesday, February 28, 2012 at 9:30 a.m. ET at the BMO Capital Markets 2012 Global Metals & Mining Conference held in Hollywood, Florida at The Westin Diplomat.
TORONTO, ONTARIO -- (Marketwire) -- 02/10/12 -- HudBay Minerals Inc. ('HudBay', the 'company') (TSX: HBM)(NYSE: HBM) senior management will host a conference call on Thursday, March 8, 2012 at 10 a.m. ET to discuss the company's fourth quarter 2011 results and provide an update on development activities.
TORONTO, ONTARIO -- (Marketwire) -- 01/12/12 -- HudBay Minerals Inc. ('HudBay', the 'company') (TSX: HBM)(NYSE: HBM) announced today that management will be presenting at the following investor conferences:
-- CIBC 15th Annual Whistler Institutional Investor Conference, held in Whistler, British Columbia, at The Fairmont Chateau Whistler. David Bryson, Senior Vice President and Chief Financial Officer, will
-- Capital investment budget of approximately $391 million, including $296 million in growth initiatives. -- Investment in exploration of approximately $54 million, which includes $31 million in grassroots efforts in the Flin Flon Greenstone Belt, $13 million in South America and $10 million on other North American exploration initiatives. -- Reed copper project receives Board approval to proceed to full construction with first production expected by late 2013. Annual copper production in concentrate from the Reed mine expected to average 17,000 tonnes over the five year mine life.
TORONTO, ONTARIO -- (Marketwire) -- 11/28/11 -- HudBay Minerals Inc. ('HudBay', the 'company') (TSX: HBM)(NYSE: HBM) announced today that management will be presenting at the following investor conferences:
-- Scotia Capital Mining Conference 2011, held in Toronto, Ontario at Le Royal Meridien King Edward Hotel. David Garofalo, President and Chief Executive Officer, will be speaking on Wednesday, November 30
-- Strong third quarter production and cost results as full year mine performance still on target -- Operating cash flow before changes in non-cash working capital(i) grew to $58.3 million in the third quarter of 2011 from $25.6 million in the same period last year -- Lalor development proceeding well with the ventilation shaft now sunk to the 190 metre level and the planned 3,200 metre access ramp currently advanced to 2,900 metres -- Applications submitted for key development permits for the Reed copper deposit -- Exploration drilling at Constancia's high-grade Pampacancha deposit continues to demonstrate the continuity of the deposit. A resource estimate on Pamapcancha is expected by Q1 2012. Front end engineering and design well advanced with long lead orders commencing