Hudbay Announces Collective Agreements with Unions in Manitoba
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.
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Rhea-AI Summary
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.
Positive
- Completion of collective bargaining process with all six unions in Manitoba, promoting labor stability.
- Securing new three-and-a-half year agreements provides a stable operational environment.
Negative
- None.
Details
News Market Reaction – HBM
The recorded move for HBM in the trading session of this news was +4.41%.
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TORONTO, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that new three-and-a-half year collective agreements have been ratified by the members of United Steelworkers (“USW”) Local 7106 and USW Local 9338. Members of the other four unions at Hudbay’s Manitoba operations ratified their respective three-and-a-half year collective agreements in July, as announced with the company’s second quarter results on August 9, 2021. This completes the collective bargaining process with all six of the company’s unions in Manitoba.
About Hudbay
Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.
For further information, please contact:
Candace Brûlé
Director, Investor Relations
(416) 814-4387
candace.brule@hudbay.com
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