Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
Dans la même rubrique

HudBay Minerals Inc.

Publié le 03 août 2017

Hudbay Announces Second Quarter 2017 Results

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Cash | Change | Copper | Dollars | Exploration | Mine | Mines | Precious Metals | Record | Zinc |

Hudbay

NEWS RELEASE

Hudbay Announces Second Quarter 2017 Results

TORONTO, ON -- (Marketwired) -- 08/03/17 --

Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM) (NYSE: HBM) today released its second quarter 2017 financial results. All amounts are in U.S. dollars, unless otherwise noted.

Summary:

  • Operating cash flow1 of $124 million, a 54% increase from the first quarter 2017
  • Consolidated copper production of 40,842 tonnes, an 18% increase from the first quarter 2017
  • Consolidated zinc production of 34,896 tonnes, a 14% increase from the first quarter 2017
  • Consolidated cash cost2, net of by-product credits, of $0.85 per pound of copper, a 3% decrease from the first quarter 2017
  • Consolidated all-in sustaining cash cost2, net of by-product credits, of $1.49 per pound of copper, a 2% increase from the first quarter 2017
  • Continued progress on reducing debt balances with $67 million repaid during the quarter and amended revolving credit facilities to extend the maturities and reduce the interest rates
  • Net debt 2 of $950 million and total liquidity of $497 million, including $153 million in cash, an improvement from March 31, 2017 levels of net debt of $1,035 million and total liquidity of $433 million
  • Rosemont project received the Final Record of Decision from the U.S. Forest Service
  • Allocated additional funds to exploration budget to focus on high-priority drilling targets
  • On track to meet production, operating cost and capital cost guidance for 2017

Net profit and earnings per share in the second quarter of 2017 were $25.6 million and $0.11, respectively, compared to a net loss and loss per share of $5.7 million and $0.02, respectively, in the second quarter of 2016.

In the second quarter of 2017, operating cash flow before change in non-cash working capital increased to $124.1 million from $80.6 million in the first quarter of 2017 and $69.5 million in the second quarter of 2016. The increase in operating cash flow is the result of growth in sales volumes of most metals and higher realized copper and zinc prices.

"We continued to generate positive free cash flow, which enabled us to expand our exploration budget to focus on building our long-term growth pipeline," said Alan Hair, president and chief executive officer. "For the balance of the year, we remain committed to deliver on our operating targets, further reduce debt and advance the in-house brownfield opportunities at Lalor and Pampacancha, and we are on-track to achieve these objectives."

1 Operating cash flow before change in non-cash working capital.
2 Cash cost and all-in sustaining cash cost per pound, net of by-product credits, and net debt are not recognized under IFRS. For a detailed description of each of these non-IFRS financial performance measures used in this news release, please see the discussion under "Non-IFRS Financial Performance Measures" beginning on page 6 of this news release.

Net profit and earnings per share in the second quarter of 2017 were affected by, among other things, the following items:

�  Pre-tax gain �  After-tax gain �  Per share
�  (loss) �  (loss) �  gain (loss)
�  ($ millions) �  ($ millions) �  ($/share)
Foreign exchange loss (5.7) �  (5.3) �  (0.02)
Mark-to-market adjustments of various items 6.8 �  6.1 �  0.03
Non-cash deferred tax adjustments - �  1.7 �  0.01

Compared to the same quarter of 2016, production of zinc in concentrate increased as a result of higher zinc grades in Manitoba, while copper production declined due to lower copper grades in Peru.

In the second quarter of 2017, consolidated cash cost per pound of copper produced, net of by-product credits, was $0.85, a marginal increase compared to $0.83 in the same period of last year. Incorporating sustaining capital, capitalized exploration, royalties and corporate selling and administrative expenses, consolidated all-in sustaining cash cost per pound of copper produced, net of by-product credits, in the second quarter of 2017 was $1.49, up from $1.42 in the second quarter of 2016. The increase in all-in sustaining cash cost was driven by higher planned sustaining capital expenditures in Peru and lower copper production compared to the second quarter of 2016.

Cash and cash equivalents increased by $20.1 million in the second quarter to $152.7 million compared to March 31, 2017. This increase was partly a result of cash generated from operating activities of $131.9 million, and a net release of restricted cash of $16.9 million. These inflows were partly offset by $53.5 million of capital investments primarily at Hudbay's Peru and Manitoba operations and debt repayments of $67.1 million.

Net debt declined by $85.7 million from March 31, 2017 to $949.8 million at June 30, 2017, as approximately $63 million in drawings under Hudbay's revolving credit facilities were repaid. At June 30, 2017, total liquidity, including cash and available credit facilities, was $496.8 million, up from $432.9 million at March 31, 2017.

�  �  �  � 
Financial Condition ($000s) Jun. 30, 2017 Mar. 31, 2017 Dec. 31, 2016
Cash and cash equivalents 152,672 132,583 146,864
Total long-term debt 1,102,426 1,168,052 1,232,164
Net debt1 949,754 1,035,469 1,085,300
Working capital 86,112 86,959 121,539
Total assets 4,359,827 4,357,812 4,456,556
Equity 1,794,305 1,762,817 1,763,212

1 Net debt is a non-IFRS financial performance measure with no standardized definition under IFRS. For further information, please see page 6 of this news release.

� 
Financial Performance Three months ended Six months ended
($000s except per share and cash cost amounts) Jun. 30 Jun. 30
�  2017 2016 2017 2016
Revenue 324,898 246,975 578,055 500,600
Cost of sales 246,919 198,684 450,926 424,386
Profit (loss) before tax 41,813 6,557 54,507 (10,331)
Profit (loss) 25,586 (5,703) 23,281 (21,491)
Basic and diluted earnings (loss) per share 0.11 (0.02) 0.10 (0.09)
Operating cash flow before change in non-cash working capital 124,118 69,489 204,718 141,375
�  �  � 
Production and Cost Performance Three months ended Three months ended
�  �  �  Jun. 30, 2017 Jun. 30, 2016
�  �  �  Peru Manitoba Total Peru Manitoba Total
Contained metal in concentrate produced 1 �  �  �  �  � 
�  Copper �  tonnes 29,798 11,044 40,842 34,699 11,193 45,892
�  Gold �  oz 3,802 22,862 26,664 8,625 21,080 29,705
�  Silver �  oz 546,295 264,051 810,346 778,448 218,063 996,511
�  Zinc �  tonnes - 34,896 34,896 - 26,456 26,456
Payable metal in concentrate sold �  �  �  �  �  � 
�  Copper �  tonnes 28,482 10,767 39,249 26,562 10,272 36,834
�  Gold �  oz 3,445 22,006 25,451 4,157 22,598 26,755
�  Silver �  oz 558,617 232,090 790,707 482,332 233,541 715,873
�  Zinc2 �  tonnes - 29,424 29,424 - 23,728 23,728
�  �  �  �  �  �  �  �  � 
Cash cost3 �  $/lb 1.24 (0.18) 0.85 0.97 0.37 0.83
Sustaining cash cost3 �  $/lb 1.82 0.38 �  1.39 1.10 � 
All-in sustaining cash cost3 �  $/lb �  �  1.49 �  �  1.42
�  �  �  Six months ended Six months ended
�  �  �  Jun. 30, 2017 Jun. 30, 2016
�  �  �  Peru Manitoba Total Peru Manitoba Total
Contained metal in concentrate produced 1 �  �  �  �  � 
�  Copper �  tonnes 57,009 18,564 75,573 63,842 20,929 84,771
�  Gold �  oz 7,737 39,650 47,387 14,376 42,573 56,949
�  Silver �  oz 1,085,830 462,411 1,548,241 1,287,442 431,985 1,719,427
�  Zinc �  tonnes - 65,466 65,466 - 49,832 49,832
Payable metal in concentrate sold �  �  �  �  �  � 
�  Copper �  tonnes 47,047 18,617 65,664 57,835 20,918 78,753
�  Gold �  oz 4,919 46,001 50,920 11,537 32,935 44,472
�  Silver �  oz 941,880 525,392 1,467,272 1,148,415 341,767 1,490,182
�  Zinc2 �  tonnes - 56,256 56,256 - 49,148 49,148
�  �  �  �  �  �  �  �  � 
Cash cost3 �  $/lb 1.27 (0.37) 0.86 1.05 0.73 0.97
Sustaining cash cost3 �  $/lb 1.72 0.34 �  1.44 1.67 � 
All-in sustaining cash cost3 �  $/lb �  �  1.48 �  �  1.59

1 Metal reported in concentrate is prior to deductions associated with smelter contract terms.
2 Includes refined zinc metal sold and payable zinc in concentrate sold.
3 Cash cost, sustaining cash cost and all-in sustaining cash cost per pound of copper produced, net of by-product credits, are non-IFRS financial performance measures with no standardized definition under IFRS. For further information, please see page 6 of this news release.

Peru Operations Review

During the second quarter of 2017, the Peru operations produced 29,798 tonnes of copper, which was 10% higher than production in the first quarter 2017 as a result of improved mill throughput, but lower than production in the same quarter of 2016 due to expected grade decline as per the mine plan.

Ore mined at Constancia during the second quarter of 2017 increased by 12% compared to the same period in 2016 as the company continues to increase stockpiles to improve its ability to blend ore at the processing plant. As expected, milled copper grades in the second quarter were approximately 15% lower than the same period in 2016 as Constancia entered lower grade phases of the mine plan. Despite harder material, mill throughput improved 3% due to plant optimization initiatives during the second quarter of 2017.

Recoveries of copper, gold and silver were lower in the second quarter of 2017, compared to the same period in 2016, due to normal ore variability. Improvements in process recoveries continue to be implemented and evaluated along with consistent positive grade reconciliations.

Combined mine, mill and G&A unit operating costs in the second quarter of 2017 were 14% higher than the same period in 2016 as a result of increased unplanned plant maintenance, costs of operating the molybdenum plant at higher than planned rates, higher community spending, road maintenance costs and other administrative costs. Combined unit operating costs are expected to decline in the second half of 2017 with full year results expected to fall within the guidance range.

Cash cost per pound of copper produced, net of by-product credits, for the three months ended June 30, 2017 was $1.24, an increase of 28% from the same period in 2016 mainly as a result of decreased copper grades, together with increased plant maintenance and other costs as described above.

Sustaining cash cost per pound of copper produced, net of by-product credits, for the three months ended June 30, 2017 was $1.82, an increase of 31% from the same period in 2016 as a result of the factors noted above, as well as expected higher sustaining capital in heavy civil works during the dry season and mobile equipment overhauls.

Hudbay expects to meet production and cost guidance in Peru for the year.

Manitoba Operations Review

During the second quarter of 2017, the Manitoba operations produced 34,896 tonnes of zinc, 11,044 tonnes of copper and 26,634 ounces of gold-equivalent precious metals. Production of zinc and precious metals was higher than the same quarter in 2016 by 32% and 10%, respectively, as a result of higher grades at 777 and Lalor as well as higher production at Lalor. Production of copper during the quarter was consistent with the same period in 2016. Due to increased Lalor mine throughput and higher zinc grades at 777, zinc concentrate production is exceeding the processing capacity of the Flin Flon zinc plant. As a result, sales of excess zinc concentrate inventory began in the second quarter of 2017 and will continue as long as concentrate production exceeds zinc plant processing capacity.

Ore mined at Hudbay's Manitoba operations during the second quarter of 2017 increased by 2% compared to the same period in 2016, primarily as a result of increased production at the company's Lalor and Reed mines, partially offset by decreased production at the 777 mine. Overall zinc, gold and silver grades were 38%, 10%, and 20% higher, respectively, while copper grades were 5% lower in the second quarter of 2017 compared to the same period of 2016. Grade variances were due to planned stope sequencing, including the resequencing of the 777 mine plan to prioritize higher grade zinc stopes in 2017.

Ore processed in Flin Flon in the second quarter of 2017 was consistent with ore processed during the same period in 2016. Copper, gold and silver recoveries in the second quarter of 2017 were consistent with the same period in 2016, while zinc recovery was 10% higher due to higher zinc head grades. Unit operating costs at the Flin Flon concentrator were 6% higher in the second quarter of 2017 compared to the same period in 2016 as a result of higher maintenance expenditures. Ore processed and recoveries at the Stall concentrator in the second quarter of 2017 were consistent with the same period in 2016. Unit operating costs at the Stall concentrator were 26% higher in the second quarter of 2017 compared to the same period in 2016 as a result of higher maintenance expenditures and additional costs related to the use of higher-cost temporary crushing facilities in April. The mill resumed use of its permanent crushing circuit by the end of April 2017.

The strong ramp up of ore production from the Lalor mine in the first half of 2017 has resulted in the accumulation of an ore stockpile as Lalor's production has exceeded the Stall concentrator's current milling capacity. Hudbay has started to truck some of the stockpiled ore to the Flin Flon mill for processing in the second half of 2017.

Manitoba combined mine, mill and G&A unit operating costs in the second quarter were 25% higher than in the same period in 2016. This was partly due to higher mining unit costs at Lalor, consistent with the revised mine plan, reflecting increased cement rock filling costs as well as substantial operating and capital development work that was undertaken to support the company's plan to grow Lalor's production rates to 4,500 tonnes per day. Milling unit costs were higher for the reasons outlined above. In addition, the stockpiling of Lalor ore described above increased combined mine/mill unit costs as that metric is expressed as total costs during the period (irrespective of inventory changes), divided by the tonnes of ore milled. This factor should reverse as stockpiles reduce, although costs in the second half will be affected by higher Reed mine unit costs as the capitalization of development costs will cease, and additional costs will be incurred to truck Lalor ore to the Flin Flon mill. Processing the additional Lalor production in Flin Flon is expected to drive economies of scale and additional revenues through a faster ramp up. Combined unit costs are expected to be within the guidance range for 2017.

Cash cost, net of by-product credits, in the second quarter of 2017 was negative $0.18 per pound of copper produced compared to $0.37 in the second quarter of 2016. The decrease is primarily a result of significantly increased zinc by-product credits, partially offset by higher expected costs at the 777 and Reed mines during this part of their mine life.

Sustaining cash cost, net of by-product credits, in the second quarter of 2017 decreased to $0.38 per pound of copper produced compared to $1.10 in the second quarter of 2016 as a result of the same factors described above and lower capitalized underground mine development.

Hudbay expects to meet production and cost guidance in Manitoba for the year.

Final Record of Decision for Rosemont

On June 7, 2017, the U.S. Forest Service ("USFS") issued the Final Record of Decision ("FROD") related to the Rosemont Project. Receiving the FROD concludes a thorough process involving 17 co-operating agencies at various levels of government, 16 hearings, over 1,000 studies, and 245 days of public comment resulting in more than 36,000 comments. Since receiving the FROD, the company has commenced the administrative process working with the USFS to complete the Mine Plan of Operations ("MPO"), and the draft MPO was submitted to the USFS in late June. The other key federal permit outstanding is the Section 404 Water Permit from the U.S. Army Corps of Engineers.

Credit Facility Extension & Amendments

On July 14, 2017, Hudbay entered into amendments to its senior credit facilities to secure both facilities with substantially all of the company's assets other than assets related to the Rosemont project, amend the financial covenants, extend the maturity dates to July 14, 2021 from March 31, 2019 and reduce the interest rate to LIBOR plus 3.00% from LIBOR plus 4.50%, based on financial results for the twelve months ended June 30, 2017. The revised covenants include maintaining gross total debt to EBITDA of less than 4.00 times in 2017, senior secured debt to EBITDA of less than 2.00 times, and interest coverage of more than 3.00 times. The two facilities have substantially similar terms and conditions and continue to provide revolving credit to a maximum amount of up to $550 million.

Exploration Update

Given the strong free cash flow generation of the business year-to-date, additional funds have been allocated to exploration in 2017 with a focus on high-priority drilling targets. The company has been active in identifying and acquiring grassroots exploration properties in Peru, Chile and British Columbia during the recent downturn in metals prices. The increase in exploration expenditures is expected to fund drilling on the grassroots exploration properties, as well as testing targets in Manitoba and drilling down plunge at Lalor.

The revised exploration guidance for 2017 is shown below:

2017 Exploration Guidance �  � 
(in $ millions) Revised Original
Manitoba 6 4
Peru 5 2
Generative and Other 12 4
Total Exploration Expenditures 23 10
Capitalized Spending1 (2) (2)
Total 1 21 8

1 Assumes $2 million of Manitoba expenditures will be capitalized.

Dividend Declared

A semi-annual dividend of C$0.01 per share was declared on August 3, 2017. The dividend will be paid on September 29, 2017 to shareholders of record as of September 8, 2017.

Non-IFRS Financial Performance Measures

Net debt is shown in this news release because it is a performance measure used by the company to assess its financial position. Cash cost, sustaining and all-in sustaining cash cost per pound of copper produced are shown because the company believes they help investors and management assess the performance of its operations, including the margin generated by the operations and the company. These measures do not have a meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS and are not necessarily indicative of operating profit or cash flow from operations as determined under IFRS. Other companies may calculate these measures differently. For further details on these measures, including reconciliations to the most comparable IFRS measures, please refer to page 31 of Hudbay's management's discussion and analysis for the three and six months ended June 30, 2017 available on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

Website Links

Hudbay:

www.hudbay.com

Management's Discussion and Analysis:

http://www.hudbayminerals.com/files/doc_financials/2017/Q2/2MDA17.pdf

Financial Statements:

http://www.hudbayminerals.com/files/doc_financials/2017/Q2/2FS17.pdf

Conference Call and Webcast

Date: Friday, August 4, 2017
� 
Time: 10 a.m. ET
� 
Webcast: www.hudbay.com
� 
Dial in: 416-849-1847 or 1-866-530-1554

Qualified Person

The technical and scientific information in this news release related to the Constancia mine and Rosemont project has been approved by Cashel Meagher, P. Geo, Hudbay's Senior Vice President and Chief Operating Officer. The technical and scientific information related to the Manitoba sites and projects contained in this news release has been approved by Robert Carter, P. Eng, Hudbay's Lalor Mine Manager. Messrs. Meagher and Carter are qualified persons pursuant to NI 43-101. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as data verification procedures and a general discussion of the extent to which the estimates of scientific and technical information may be affected by any known environmental, permitting, legal title, taxation, sociopolitical, marketing or other relevant factors, please see the Technical Reports for the company's material properties as filed by Hudbay on SEDAR at www.sedar.com.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this news release, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "guidance", "scheduled", "estimates", "forecasts", "strategy", "target", "intends", "objective", "goal", "understands", "anticipates" and "believes" (and variations of these or similar words) and statements that certain actions, events or results "may", "could", "would", "should", "might" "occur" or "be achieved" or "will be taken" (and variations of these or similar expressions). All of the forward-looking information in this news release is qualified by this cautionary note.

Forward-looking information includes, but is not limited to, production, cost and capital and exploration expenditure guidance, anticipated production at Hudbay's mines and processing facilities, the anticipated timing, cost and benefits of developing the Rosemont project, Pampacancha deposit and Lalor growth projects, anticipated exploration plans, anticipated mine plans, anticipated metals prices and the anticipated sensitivity of the company's financial performance to metals prices, events that may affect its operations and development projects, the permitting, development and financing of the Rosemont project, the potential to increase throughput at the Stall mill and to refurbish the New Britannia mill and utilize it to process ore from the Lalor mine, anticipated cash flows from operations and related liquidity requirements, the anticipated effect of external factors on revenue, such as commodity prices, estimation of mineral reserves and resources, mine life projections, reclamation costs, economic outlook, government regulation of mining operations, and business and acquisition strategies. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the company at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information.

The material factors or assumptions that Hudbay identified and were applied by the company in drawing conclusions or making forecasts or projections set out in the forward-looking information include, but are not limited to:

  • the success of mining, processing, exploration and development activities;
  • the scheduled maintenance and availability of the processing facilities;
  • the sustainability and success of Hudbay's cost reduction initiatives;
  • the accuracy of geological, mining and metallurgical estimates;
  • anticipated metals prices and the costs of production;
  • the supply and demand for metals the company produces;
  • the supply and availability of all forms of energy and fuels at reasonable prices;
  • no significant unanticipated operational or technical difficulties;
  • the execution of Hudbay's business and growth strategies, including the success of its strategic investments and initiatives;
  • the availability of additional financing, if needed;
  • the ability to complete project targets on time and on budget and other events that may affect the company's ability to develop its projects;
  • the timing and receipt of various regulatory, governmental and joint venture partner approvals;
  • the availability of personnel for the exploration, development and operational projects and ongoing employee relations;
  • the ability to secure required land rights to develop the Pampacancha deposit;
  • maintaining good relations with the communities in which the company operates, including the communities surrounding the Constancia mine and Rosemont project and First Nations communities surrounding the Lalor and Reed mines;
  • no significant unanticipated challenges with stakeholders at the company's various projects;
  • no significant unanticipated events or changes relating to regulatory, environmental, health and safety matters;
  • no contests over title to the company's properties, including as a result of rights or claimed rights of aboriginal peoples;
  • the timing and possible outcome of pending litigation and no significant unanticipated litigation;
  • certain tax matters, including, but not limited to current tax laws and regulations and the refund of certain value added taxes from the Canadian and Peruvian governments; and
  • no significant and continuing adverse changes in general economic conditions or conditions in the financial markets (including commodity prices and foreign exchange rates).

The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated with the mining industry, such as economic factors (including future commodity prices, currency fluctuations, energy prices and general cost escalation), uncertainties related to the development and operation of the company's projects (including risks associated with the permitting, development and economics of the Rosemont project and related legal challenges), risks related to the maturing nature of the 777 and Reed mines and their impact on the related Flin Flon metallurgical complex, dependence on key personnel and employee and union relations, risks related to the schedule for mining the Pampacancha deposit (including the timing and cost of acquiring the required surface rights), risks related to the cost, schedule and economics of the capital projects intended to increase processing capacity for Lalor ore, risks related to political or social unrest or change, risks in respect of aboriginal and community relations, rights and title claims, operational risks and hazards, including unanticipated environmental, industrial and geological events and developments and the inability to insure against all risks, failure of plant, equipment, processes, transportation and other infrastructure to operate as anticipated, compliance with government and environmental regulations, including permitting requirements and anti-bribery legislation, depletion of the company's reserves, volatile financial markets that may affect the company's ability to obtain additional financing on acceptable terms, the failure to obtain required approvals or clearances from government authorities on a timely basis, uncertainties related to the geology, continuity, grade and estimates of mineral reserves and resources, and the potential for variations in grade and recovery rates, uncertain costs of reclamation activities, the company's ability to comply with its pension and other post-retirement obligations, the company's ability to abide by the covenants in its debt instruments and other material contracts, tax refunds, hedging transactions, as well as the risks discussed under the heading "Risk Factors" in Hudbay's most recent Annual Information Form.

Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, you should not place undue reliance on forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.

Note to United States Investors

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which may differ materially from the requirements of United States securities laws applicable to U.S. issuers.

About Hudbay

Hudbay (TSX: HBM)(NYSE: HBM) is an integrated mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. With assets in North and South America, the company is focused on the discovery, production and marketing of base and precious metals. Directly and through its subsidiaries, Hudbay owns four polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and a copper project in Arizona (United States). The company's growth strategy is focused on the exploration and development of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay's vision is to become a 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 and growing long-life deposits in mining-friendly jurisdictions. 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. Hudbay also has warrants listed under the symbol "HBM.WT" on the Toronto Stock Exchange and "HBM/WS" on the New York Stock Exchange.

For further information, please contact:

Candace Brûlé
Director, Investor Relations
(416) 814-4387
candace.brule@hudbay.com

Source: Hudbay Minerals Inc.





Click Here for a complete listing of HudBay press releases.



To unsubscribe from this list please visit the email alert section of the HudBay site.


Date Sent: 8/3/2017 5:00:53 PM Powered by Q4 Inc.
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

HudBay Minerals Inc.

PRODUCTEUR
CODE : HBM.TO
ISIN : CA4436281022
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

HudBay est une société de production minière de cuivre et de molybdène basée au Canada.

HudBay est productrice de cuivre, de molybdène, d'argent, d'or et de zinc au Canada, et détient divers projets d'exploration au Canada, au Perou et en Argentine.

Ses principaux projets en production sont 777 MINE, TROUT LAKE MINE et CHISEL NORTH au Canada et ses principaux projets en exploration sont FENIX et WHITE PINE au Guatemala, BRAMPTON, REED LAKE, BUR, BALMAT, TOM, JASON, LALOR, WATTS RIVER, BACK FORTY, WINDSOR et NOME CASSIAR au Canada, CONSTANCIA au Perou et CORCOVADO PROPERTY en Argentine.

HudBay est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,6 milliards CA$ (1,9 milliards US$, 1,8 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 13 mars 2020 à 1,66 CA$, et son plus haut niveau récent le 25 avril 2024 à 11,10 CA$.

HudBay possède 237 270 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de HudBay Minerals Inc.
22/05/2019Hudbay said to prepare sale of Arizona copper mine stake
14/03/2019Hudbay buys out Rosemont partner for $75m
19/02/2019Waterton steps up efforts to oust Hudbay Minerals' CEO, boar...
17/01/2019Hudbay Minerals investor Waterton seeks to replace CEO, boar...
19/12/2018Hudbay completes acquisition of Mason Resources
18/10/2018Hudbay investor is said to seek changes to miner's board
06/11/2014HudBay's offer for Augusta finally given the nod
Financements de HudBay Minerals Inc.
04/11/2009Exercises Warrants of Polar Star Mining
27/02/2009Lenders Refuse to Renew $80 Million Credit Facility Due to S...
27/06/2008and Skye Announce Closing of $95 Million Private Placement
Attributions d'options de HudBay Minerals Inc.
28/08/2012Announces Semi-Annual Dividend
Nominations de HudBay Minerals Inc.
13/05/2013Announces Election of Directors
12/11/2009Announces CEO Planned Retirement andAppoints Executive Vice-...
10/03/2009Announces Resignation of CEO and Appointment of Interim CEO
01/05/2008Announces Appointment of H. Maura Lendon as Vice President
09/04/2008 Announces Appointment of Two New Directors
22/11/2007 Appoints Director of Tax
26/10/2007 Appoints Director Corporate Relations
08/06/2007Appointing Vice President, Mining
Rapports Financiers de HudBay Minerals Inc.
31/07/2013Releases Second Quarter 2013 Results
01/05/2013Releases First Quarter 2013 Results Summary
01/11/2012Releases Third Quarter 2012 Results
15/08/2012Releases Second Quarter 2012 Results
10/05/2012Releases First Quarter 2012 Results
08/03/2012Releases Fourth Quarter 2011 Results
17/05/2011Releases First Quarter 2011 Results
14/03/2011Releases Fourth Quarter and Year-End 2010 Results
04/08/2010Releases Second Quarter 2010 Results; Announces Production D...
04/05/2010Releases First Quarter 2010 Results
04/03/2010Releases Fourth Quarter and Year End 2009 Results
03/11/2009Releases Third Quarter 2009 Results
06/08/2009Releases Second Quarter 2009 Results; Announces Intention to...
05/03/2009Releases Fourth Quarter andYear End 2008 Financial Results
04/11/2008Reports Third Quarter Results
07/05/2008Reports First Quarter 2008 Results
18/03/2008 Reports Fourth Quarter and Annual 2007 Results
10/05/2007Reports Strong First Quarter 2007 Results
Projets de HudBay Minerals Inc.
31/03/2017Hudbay Provides Update on Operations and Growth Projects
05/11/2013(Constancia)Announces Additional US$135 Million Constancia Precious Meta...
27/03/2013Announces Increases in Metals Reserves and Resources and Dec...
08/08/2012(Constancia)Begins Construction of Constancia Copper Mine in Peru and An...
02/04/2012Announces Increases in Metals Reserves and Resources
06/08/2011(Fenix)Announces Sale of Fenix Project
06/07/2011Announces Completion of Compulsory Acquisition of Norsemont ...
15/06/2011(Constancia)Intersects 2=2E4% Copper Equivalent Over 120 Meters at Const...
25/04/2011(Lalor)Announces Funding for Snow Lake Waste Water Treatment Plant
03/04/2011(Constancia)Announces Near Quadrupling of Metals Reserves; US$116 Millio...
23/06/2010(Lalor)Discovers Additional Gold and Copper
22/02/2010(Lalor)Updates Drilling at Lalor Deposit: Copper-Gold Zone Remains ...
17/12/2009(Lalor)Drilling on Copper-Gold Zone at the Lalor Deposit
30/10/2009(Chisel North)Re-Start Chisel North Mine and Snow Lake Concentrator
22/09/2009(Lalor)Major New Copper-Gold Intersections at Lalor
09/01/2009(Chisel North)CORRECTION FROM SOURCE: HudBay to Suspend Operations at Its ...
09/01/2009(Chisel North)to Suspend Operations at Its Chisel North Mine and Snow Lake...
20/11/2008Files Fenix Project Technical Report
03/03/2008(Lalor)Updates Drill Results for Lalor Lake
14/01/2008(Flin-d)43-101 Mineral Resource Estimates for Bur and Watts River De...
02/08/2007 Announces High-Grade Lalor Lake Drill Results
Communiqués de Presse de HudBay Minerals Inc.
28/07/2016HudBay Minerals reports 2Q loss
26/07/2016Coverage Initiated on Industrial Metals and Minerals Stocks ...
05/07/2016Hudbay to Host Conference Call for Second Quarter 2016 Resul...
09/06/2016Hudbay to Attend Upcoming June Investor Conferences
19/05/2016Hudbay Announces Election of Directors
06/05/2016HudBay to Attend Bank of America Merrill Lynch 2016 Global M...
28/04/2016Hudbay Announces First Quarter 2016 Results
06/04/2016Hudbay to Host Conference Call for First Quarter 2016 Result...
01/04/2016VMS Reports Update on Reserves and Resources at Reed Mine
25/02/2016HudBay Minerals reports 4Q loss
01/02/2016Hudbay Updates Early Warning Report for VMS Ventures
22/01/2016Hudbay to Attend Upcoming January Investor Conferences
15/01/2016Hudbay to Attend Upcoming January Investor Conferences
15/01/2016Hudbay Announces 2016 Production Guidance and Capital and Ex...
14/01/2016The Zacks Analyst Blog Highlights: Compañia de Minas Buenave...
13/01/2016Hudbay Announces 2016 Production Guidance and Capital and Ex...
17/12/2015HudBay Minerals (HBM) Jumps: Stock Moves 7.6% Higher
05/11/2015HudBay Minerals reports 3Q loss
05/11/2015Hudbay Releases Third Quarter 2015 Results
05/11/2015Star Mountain Resources, Inc. Closes Acquisition of Balmat Z...
04/11/2015VMS Ventures Announces Drill Program Update on Exploration T...
09/10/2015Hudbay to Host Conference Call for Third Quarter 2015 Result...
21/09/2015VMS Ventures Provides Update on Reed Mine
03/09/2015Hudbay to Attend Bank of America Merrill Lynch 21st Annual C...
31/07/2015Edited Transcript of HBM.TO earnings conference call or pres...
29/07/2015HudBay Minerals reports 2Q loss
29/07/2015Hudbay Releases Second Quarter 2015 Results
14/07/2015Hudbay to Host Conference Call for Second Quarter 2015 Resul...
15/04/2015VMS Provides Reed Mine Operations Update
07/04/2015Hudbay to Host Conference Call for First Quarter 2015 Result...
07/04/2015to Host Conference Call for First Quarter 2015 Results
01/04/2015VMS Reports Update on Reserves and Resources at Reed Mine
19/03/2015Hudbay to Attend Barclays Select Series: Metals & Materials ...
19/03/2015to Attend Barclays Select Series: Metals & Materials Cross A...
13/03/2015Hudbay Expands Corporate Revolving Credit Facility to US$300...
13/03/2015Hudbay Expands Corporate Revolving Credit Facility to US$300...
13/03/2015Expands Corporate Revolving Credit Facility to US$300 millio...
25/02/2015VMS Provides Reed Mine Operations Update
19/02/2015Hudbay Releases Fourth Quarter 2014 Results
11/02/2015Hudbay to Attend BMO Capital Markets 24th Global Metals & Mi...
11/02/2015Hudbay to Attend BMO Capital Markets 24th Global Metals & Mi...
11/02/2015to Attend BMO Capital Markets 24th Global Metals & Mining Co...
27/01/2015Hudbay to Attend Upcoming January Investor Conferences
27/01/2015Hudbay to Host Conference Call for Fourth Quarter 2014 Resul...
27/01/2015Hudbay to Host Conference Call for Fourth Quarter 2014 Resul...
22/01/2015Hudbay Announces 2015 Production Guidance and Capital and Ex...
21/01/2015Hudbay to Attend Upcoming January Investor Conferences
16/01/2015Canada Stocks to Watch: Bombardier, Iamgold, HudBay and more
15/01/2015Hudbay Announces 2015 Production Guidance and Capital and Ex...
14/01/2015Canada Stocks to Watch: Suncor, Magna, Shaw, Cogeco and more
18/12/2014VMS Provides Reed Mine Update
03/12/2014VMS Provides Reed Mine Update
26/11/2014Hudbay to Attend Upcoming December Investor Conferences
30/10/2013to Host Conference Call for Third Quarter 2013 Results
15/10/2013to Attend Canaccord Genuity Global Resources Conference
12/09/2013to Attend Upcoming September Investor Conferences
02/07/2013to Host Conference Call for Second Quarter 2013 Results
26/06/2013Receives US$125 Million Deposit Payment from Silver Wheaton
10/06/2013Announces Offering of US$150,000,000 Senior Unsecured Notes
10/06/2013Announces Offering of US$150,000,000 Senior Unsecured Notes
28/05/2013to Attend Upcoming June Investor Conferences
14/05/2013to Attend 2013 Bank of America Merr =?ISO-8859-1?Q?ill=20Lyn...
15/04/2013to Host Conference Call for First Quarter 2013 Results
12/03/2013to Attend Upcoming March Investor Conferences
19/02/2013to Present at the BMO Capital Markets 22nd Global Metals & M...
24/01/2013to Host Conference Call for Fourth Quarter 2012 Results
17/01/2013to Present at Upcoming January Investor Conferences
17/01/2013to Present at Upcoming January Investor Conferences
09/01/2013Announces 2013 Production Guidance and Capital and Explorati...
12/11/2012to Present at GMP Latin American Mining Conference
12/10/2012to Host Conference Call for Third Quarter 2012 Results
28/09/2012Announces Closing of Precious Metals Stream Transaction
13/09/2012Completes Offering for US$500,000,000 Senior Unsecured Notes
06/09/2012Announces Offering of US$400,000,000 Senior Unsecured Notes
09/07/2012to Host Conference Call for Second Quarter 2012 Results
19/05/2012Discontinues Planned Offering of US$4 =?ISO-8859-1?Q?00,000,...
14/05/2012Announces Offering of US$400,000,000 Senior Unsecured Notes
17/04/2012to Host Conference Call for First Quarter 2012 Results
08/03/2012Makes Investment in Panoro Minerals
24/02/2012Aligns All Operations Under Hudbay Brand to Support Growth a...
16/02/2012to Present at the BMO Capital Markets 2012 Global Metals & M...
10/02/2012to Host Conference Call for Fourth Quarter 2011 Results
10/02/2012to Host Conference Call for Fourth Quarter 2011 Results
02/02/2012Makes Investment in Northern Shield
12/01/2012to Present at Upcoming January Investor Conferences
19/12/2011Announces 2012 Production Guidance and Capital and Explorati...
28/11/2011to Present at Upcoming Investor Conferences
06/10/2011to Host Conference Call for Third Quarter 2011 Results
16/09/2011to Present at the Credit Suisse Global Steel and Mining Conf...
09/09/2011(Fenix)Announces Completion of Sale of Fenix Project and Key Manage...
01/09/2011to Present at the Bank of America Merrill Lynch 17th Annual ...
04/08/2011to Present at Jefferies 2011 Global Industrial and A&D Confe...
18/07/2011to Host Conference Call for Second Quarter 2011 Results
05/07/2011(Lalor)Announces Results of Lalor O =?ISO-8859-1?Q?ptimization=20St...
30/06/2011Makes Investment in MacDonald Mines
20/06/2011to Present at RBC Capital Markets' 2011 Global Mining & Mate...
04/05/2011Announces Commencement of Compulsory Acquisition of Remainin...
21/04/2011Makes Investment in CuOro Resources
17/03/2011Announces Expiry of Offer and Additional Take-Up of Norsemon...
14/03/2011to Exercise Compulsory Acquisition Rights After Expiry of Of...
02/03/2011Announces Take-up of Over 90% of Norsemont Mining Inc=2E's S...
16/02/2011Makes Investment in Aquila Resources
14/02/2011Makes Investment in VMS Ventures
27/01/2011Hudbay Minerals Makes Investment in Copper Reef Mining Corpo...
25/01/2011Hudbay and Norsemont Mining Announce Mailing of Offer and Ta...
10/01/2011Announces Agreement to Acquire Norsemont Mining
24/08/2010Makes Investment in Augusta Resource Corporation
28/07/2010to Help Establish Northern Manitoba Mining Academy
06/07/2010Joint Venture With VMS Ventures
01/04/2010New Resource and Significant Increase in Nickel Grade at Fen...
04/03/2010Enters Into Letter of Intent With VMS Ventures
03/02/20102009 Production and 2010 Outlook
08/01/2010Provides Update on Polar Star Holdings
22/12/2009Announces Option Agreement with Halo Resources Ltd.
08/10/2009$85 Million Production Ramp to Lalor Deposit
29/09/2009Files Normal Course Issuer Bid
29/09/2009Provides Update on CGN
06/08/2009Announces Subscription, Option and Joint Venture Agreement w...
22/06/2009CEO Unveils Strategic Plan at AGM
19/06/2009Expects to Close Flin Flon Copper Smelter by July 2010
27/02/2009Urges Shareholders to Vote Against SRM Nominee Slate
24/02/2009 Agree to Terminate Arrangement Agreement
16/02/2009Sets Record Date for March 25, 2009 Shareholders' Meeting
04/02/2009Announces That Unions Ratify Collective Agreements
27/01/2009Reaches Tentative Collective Agreements With Unions
26/01/2009Announces Superior Court Hearing Adjourned
23/01/2009OSC Sets Aside TSX Decision
13/01/2009to Defend Application Vigorously
09/01/2009Discovers New Gold Zone at Lalor
08/01/2009Notified of Request for OSC Hearing and Review
30/12/2008Schedules Meeting of Shareholders for March 31, 2009
23/12/2008Announces Lundin Mining's Receipt of Interim Order
19/12/2008Receives Meeting Requisition From Shareholder
11/12/2008Reports Progress in Lundin Acquisition
09/12/2008Responds to the Concerns of Certain Shareholders
02/12/2008Media Advisory: HudBay Launches Special WebSite Section With...
26/11/2008Recommends Shareholders Take no Action in Response to Jaguar...
21/11/2008and Lundin Announce Friendly Business Combination
26/08/2008Completes Business Combination With Skye Resources; Announce...
22/08/2008Announces Closure of Balmat Zinc Mine
21/08/2008Announces $1 Million 80th Anniversary Fund to Support Commun...
19/08/2008Skye Resources Securityholders Approve Business Combination ...
23/06/2008and Skye Resources AnnounceProposed Business Combination
02/06/2008Reports on U.S. Mine Fatality
15/02/2008 Announces 2007 Production and 2008 Outlook
12/02/2008Announces Updated Mineral Reserves and Resources
25/01/2008Announces Allen J. Palmiere as New President and CEO
21/01/2008 Celebrates 80 Years of Mining Success
14/12/2007 Share Buy Back Program Approved-Normal Course Issuer Bid
12/12/2007Announces Share Buy Back Program-Normal Course Issuer Bid
11/12/2007 Plans $42.8 Million for 2008 Exploration
05/11/2007Announces Exploration Drilling in South West Ontario
24/10/2007Announces Significant New Zinc Discovery at Lalor Lake
16/10/2007First Half 2007 Exploration Update
23/08/2007Confirms No Investments in Asset-Backed Commercial Paper
01/06/2007President & CEO Peter R. Jones to Appear on BNN TV
24/05/2007to Hold Annual & Special Meeting of Shareholders
02/05/2007Renews Shareholder Rights Plan
03/03/2007Second half exploration update
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (HBM.TO)NYSE (HBM)
11,10+4.72%8,12+4.91%
TORONTO
CA$ 11,10
25/04 17:00 0,500
4,72%
Cours préc. Ouverture
10,60 10,69
Bas haut
10,66 11,20
Année b/h Var. YTD
6,89 -  11,10 52,89%
52 sem. b/h var. 52 sem.
5,62 -  11,10 63,72%
Volume var. 1 mois
2 381 573 20,92%
24hGold TrendPower© : 27
Produit Copper - Gold - Silver - Zinc
Développe
Recherche Copper - Gold - Lead - Molybdenum - Nickel - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 23/06/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
202463,96%
2023-1,02%8,095,61
2022-24,42%9,9810,00
20211,57%9,9510,05
202065,92%9,541,66
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,70 AU$-0,65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
11,94 US$+9,34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-1,49%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,69 CA$+13,03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
15,60 CA$+1,83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+2,63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,87 CA$+5,65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,61 US$+0,98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :