Nevada Copper Corp NEVDQ

Hudbay Minerals CEO says

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"TORONTO/SYDNEY, July 24 - A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to raising funds from new investors to ride out the current downtrend, several company executives told Reuters.
  
Copper is set to play a crucial role in the transition to a greener economy and cashed-up bigger miners are seeking assets with longer mine life and high-quality grade ore to meet the growing demand for the red metal.
 
Depressed prices for the red metal due to global economic growth concerns, however, are forcing some small-to-mid sized companies to cut back exploration budgets and other expenses. But that may not be sufficient for them to survive and the current scenario may pave the way for more M&A in the sector, company executives and analysts say.
 
 
Chinese research firm Antaike has predicted that global copper prices are set to fall to $7,000 per tonne or $3.18 per pound in the second half of this year due to lack of solid demand growth in the world's second biggest economy.
 
"There are high cost companies that would go out of business if the copper prices fall below $3.50," Hudbay Minerals CEO Peter Kukielski told Reuters earlier this month.
 
The lower copper price presents M&A opportunities for Hudbay, Kukielski said, but it will also get "squeezed" if the price of copper falls below $3.50.
 
With lack of large mines up for grabs, he is expecting that large miners will be looking to expand their production by acquiring smaller mines. Hudbay is also open to entertaining M&A offers at a right price."
 
Hudbay Minerals CEO says company open to acquisition offers at right price | Reuters
 
 
 
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