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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
Post by longtoothon Jan 11, 2009 2:44pm
795 Views
Post# 15697337

This is the perfect time for HudBay

This is the perfect time for HudBayto outline and develop the new gold resource they discovered at Lalor Lake. They can mine the gold while the price is high and then use the development (which will have mostly been paid for) to mine the zinc when the prices come back. There is already a 1,500 tonne per day gold mill right in Snow Lake that is in good shape and a lot of skilled gold miners. Based on the recently published widths and grades of the gold and silver this could be one of the "elephant-sized" gold deposits.

It could also be a good way for the Executive and Directors to demonstrate their commitment to developing high quality local resouces and a good opportunity to differentiate into gold mining - which they could possibly spin off to another company like Cameco did with Sentera.

jmho
Bullboard Posts