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 > What is holding Hudbay SP?

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Comment by houbahopon Mar 04, 2022 12:28pm

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Post# 34483695

RE:RE:What is holding Hudbay SP?

The answer might be related to Flin Flon closure expected costs included in the last two quarters statements:

21'Q3:
- Impairment: $147m
- Restructuring: $7m

21'Q4:
- Impairment: $46m
- Reassestment of tax impact related to impairment : $37m (to be corrected in 3rd Q statements)

Shareholders were served with a total of $237m of impairment related charges in the last two quarters. Also the lack of meaningful earnings (before above charges) despite copper around $4.50usd/lb

Hurdles (lack of visibility) before of unlocking Rosemont and Copper World projects.

The political agenda in Peru?

It's all a matter of risk/reward.

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