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Hudbay Minerals Inc T.HBM

Alternate Symbol(s):  HBM

Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits.


TSX:HBM - Post by User

Bullboard Posts
Comment by chengjooon Feb 14, 2008 10:46am
321 Views
Post# 14372264

RE: HBM - an investor's company

RE: HBM - an investor's companyCampine. I will not belabor my earlier points since they are based on facts and facts remain indisputable. There is however one point that you made which requires clarification. You opined that the former CEO of HBM did not use the excess cash well, namely paying out dividends and/or acquiring other companies. I recall from your earlier posts that you held a high regard for PJ in the way he elevated HBM to its present financially strong position. Have you changed your mind and now feel that PJ failed to execute as he should have done? If you will recall, during the thick of the harried M & A activities of 2007, PJ ruled out acquisitions by HBM as he publicly said in HBM's NR and also on TV that the companies available were too expensive and it would not be prudent to fling HBM's hard earned money into the M & A euphoria. But PJ did not stop at that as he and the Board followed up with internal organic growth by drilling up their own land (e.g.Lalor Lake and others) while also farming out pieces to other smaller miners (like VMS among others).So it would seem to me rather inconsistent for one to praise the former CEO for a job well done and now in retrospect fashion shoot the man down for not doing things they way you see it. You cannot have it both ways surely!
Bullboard Posts