Hudbay Minerals Inc T.HBM

Alternate Symbol(s): HBM

Metals & Mining Industrial Metals & Minerals

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

Hudbay Minerals Inc

Bullboard Posts

Comment by Ogre2on Dec 08, 2009 11:43am

589 Views

Post# 16564655

RE: CAA--LAWSUIT

Chump change, looking to maximize their net smelter return, which is their right. Amounted to $2.7M last quarter.
There has been no indication that CAA has a winning case, or that HBM has done anything wrong, just that they have access to the books at this time to ensure their royalty from 777, going forward. Even if there is any wrongdoing, damages would be small in the scheme of things with respect to a company of Hudbay's size. Let's say there was a settlement for 10 or 20 million, what percentage is that of $900M in savings (est at end of quarter).
Cheers,
Ogre

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario