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.

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Hudbay Minerals Inc

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Post by llihevad1on Jan 02, 2022 5:04pm

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Post# 34277725

Molybdenum up 111% from last year

December 2021
Molybdenum Spot Price is at a current level of $41,931.92, up from $41,836.39 last month and up from 19868.90 one year ago. This is a change of 0.23% from last month and 111.0% from one year ago.

Hudbay produces about 1,500 tons per year produced
1500*(41,931-19,869)=$33.1M

Market is only about 200,000 tons per year

Quote from Feb 2020:
“One market we always look to as a guide to underlying physical conditions is molybdenum. This is a commodity where the financial market has no real ability to influence price,” BMO research stated on February 7, 2020.

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