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Hudbay Minerals Inc. - $HBM STOCK NEWS

Welcome to our dedicated page for Hudbay Minerals news (Ticker: $HBM), a resource for investors and traders seeking the latest updates and insights on Hudbay Minerals stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hudbay Minerals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hudbay Minerals's position in the market.

News
Hudbay De-risks Copper World Phase I with Enhanced Pre-Feasibility Study
Rhea-AI Summary
Hudbay Minerals Inc. announced the results of the enhanced pre-feasibility study for Phase I of its Copper World project in Arizona. The project has an after-tax net present value of $1.1 billion and generates a 19% internal rate of return at a copper price of $3.75 per pound. Average annual copper production over the first ten years is approximately 92,000 tonnes. The initial capital cost estimate is approximately $1.3 billion. The project's total GHG emissions are expected to be 14% lower compared to an operation that only produces copper concentrate. The project is expected to create an estimated 400 direct and 3,000 indirect jobs and pay more than $850 million in U.S. federal and state taxes. Copper World has proven and probable mineral reserves of 385 million tonnes at 0.54% copper. The project has the potential for further expansion in Phase II. The PFS significantly enhances the economics and de-risks the project through higher levels of engineering, a simplified project design, lower upfront capex, and a longer mine life.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
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clinical trial
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News
Hudbay Announces Second Quarter 2023 Results
Rhea-AI Summary
Hudbay Minerals Inc. released its Q2 2023 financial results, reaffirming full year guidance for production and costs. The company completed the acquisition of Copper Mountain Mining Corporation, creating a 150,000-tonnes-per-year copper producer. Q2 consolidated production was 21,715 tonnes of copper and 48,996 ounces of gold. Cash cost per pound of copper produced was $1.60, and sustaining cash cost was $2.73. The company expects stronger production and improved costs in the second half of 2023.
Rhea-AI Impact
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End-of-Day
-1.43%
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earnings
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News
Hudbay Announces Potential for Mine Life Extension in Snow Lake with the Discovery of New Mineralized Zones Near Lalor and Significant Regional Land Consolidation
Rhea-AI Summary
Hudbay Minerals Inc. announces positive results from its winter drill program near Lalor mine in Snow Lake, Manitoba. The company also consolidates land in the Snow Lake region through strategic transactions, increasing its holdings by more than 250%. The drilling results and land acquisitions provide potential for mine life extension and value creation.
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0.52%
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News
Hudbay to Host Conference Call for Second Quarter 2023 Results
Rhea-AI Summary
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End-of-Day
-1.66%
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conferences earnings
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News
Hudbay and Marubeni Establish Framework for Flin Flon Exploration Partnership
Rhea-AI Summary
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-3.6%
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partnership
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Hudbay Completes Acquisition of Copper Mountain to Create a Premier Americas-Focused Copper Producer
Rhea-AI Summary
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-3.67%
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acquisition
News
Hudbay to Acquire Rockcliff to Consolidate the Snow Lake Camp
Rhea-AI Summary
Hudbay Minerals Inc. will acquire 100% of the issued and outstanding common shares of Rockcliff Metals Corp. in a definitive agreement. Rockcliff shareholders will receive 0.006776 of a Hudbay common share for each Rockcliff common share held. The enterprise value to Hudbay, net of Rockcliff’s cash, is approximately US$13 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
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acquisition
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News
The Supreme Court of British Columbia has approved Hudbay’s Plan of Arrangement with Copper Mountain
Rhea-AI Summary
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0.39%
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Hudbay Plan of Arrangement with Copper Mountain Overwhelmingly Supported by Shareholders at Special Meetings
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2.45%
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Hudbay Announces Release of its 20th Annual Sustainability Report and Launches Company Purpose Statement
Rhea-AI Summary
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-0.85%
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Stock HBM logo
Hudbay Minerals Inc.

NYSE:HBM

HBM Rankings

#1550 Ranked by Market Cap
#1075 Ranked by Stock Gains
#2075 Ranked by Dividends

HBM Stock Data

3.08B
308.00M
0.07%
65.73%
2.2%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto

About HBM

hudbay minerals inc. (tsx, nyse: hbm) is a canadian integrated mining company with assets in north and south america principally focused on the discovery, production and marketing of base and precious metals. the company’s objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength. a member of the s&p/tsx composite index and the s&p/tsx global mining index, hudbay is committed to high standards of corporate governance and sustainability.