RBC - Positive IMO, HBM was oversold today. Most analysts are neutral to positive.
Here is RBC's comments:
Impact: Positive Bottom line:
HudBay released its technical reports on Lalor and Rosemont. The results are mixed compared to our forecasts and overall we view the release as positive. Copper, gold and silver production at Lalor base metals zone are higher than we expected, partially offset by lower than expected zinc production. Opex and capex are generally in line. Rosemont production and opex are both better than our forecasts, while project capex is higher than our estimate.