Hudbay Minerals

Hudbay Minerals, Inc. operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.

Earnings data Q3 2023

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Hudbay Minerals??? (HBM) acquisition of Rockcliff Metals, which is one of the major landholders in the Snow Lake area, more than triples the former?

Hudbay Minerals (HBM) Completes Rockcliff Metals Acquisition

TORONTO, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay”) (TSX, NYSE: HBM) is pleased to announce that it has completed its acquisition of Rockcliff Metals Corp. (“Rockcliff”). Hudbay acquired all of the issued and outstanding common shares of Rockcliff that it did not already own pursuant to a court-approved plan of arrangement, effective as of today's date (the “Transaction”). As a result of closing the Transaction, Rockcliff is now a wholly-owned subsidiary of Hudbay and, in accordance with the terms of the Transaction, former Rockcliff shareholders have been issued 0.006776 of a Hudbay common share for each Rockcliff share previously held.

Hudbay Completes Rockcliff Acquisition; Further Consolidates Snow Lake Operations and Adds to Prospective Land Package

TORONTO, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) today announced the results of the enhanced pre-feasibility study (“PFS”) for Phase I of its 100%-owned Copper World project in Arizona. All dollar amounts are in US dollars, unless otherwise noted. "Tonnes” refer to metric tonnes and “tons” refer to imperial or U.S. short tons.

Hudbay De-risks Copper World Phase I with Enhanced Pre-Feasibility Study

Hudbay Minerals Inc. (NYSE:HBM ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Candace Brule - Vice President of Investor Relations Peter Kukielski - President, Chief Executive Officer & Director Chi-Yen Lei - Chief Financial Officer Andre Lauzon - Chief Operating Officer Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital Lawson Winder - Bank of America Greg Barnes - TD Securities Bryce Adams - CIBC Alex Terentiew - Stifel Jackie Przybylowski - BMO Capital Markets Operator Good morning ladies and gentlemen. Thank you for standing by.

Hudbay Minerals Inc. (HBM) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for HudBay Minerals (HBM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

HudBay Minerals (HBM) Reports Q2 Earnings: What Key Metrics Have to Say

HudBay Minerals (HBM) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.12 per share a year ago.

HudBay Minerals (HBM) Reports Q2 Loss, Lags Revenue Estimates

TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) --  Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today released its second quarter 2023 financial results. All amounts are in U.S. dollars, unless otherwise noted.

Hudbay Announces Second Quarter 2023 Results

TORONTO, Ontario, July 27, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) releases positive results from the company's 2023 winter drill program near its Lalor mine in Snow Lake, Manitoba, and announces the significant consolidation of land in the Snow Lake region through several strategic transactions. The agreements with multiple land holders will increase Hudbay's holdings in the Snow Lake region by more than 250% to a total of 2,690 square-kilometres. The drilling results and the regional land acquisitions provide the potential for mine life extension at Hudbay's Snow Lake operations beyond 2038.

Hudbay Announces Potential for Mine Life Extension in Snow Lake with the Discovery of New Mineralized Zones Near Lalor and Significant Regional Land Consolidation

Hudbay's Copper Mountain acquisition is a strategic victory with demand set to soar and a massive shortfall expected by 2030. The move also looks brilliant in light of the fact finding new copper deposits is becoming more challenging due to rising costs and regulatory hurdles. That said, Hudbay's valuation still hinges on the timely opening of Copper World in Arizona, where political winds seem favorable, but resistance by some interest groups remains fierce.

Hudbay Minerals: Copper Mountain Merger Injects Timely Cash Flow

TORONTO, July 14, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) senior management will host a conference call on Wednesday, August 9, 2023 at 8:30 a.m. ET to discuss the company's second quarter 2023 results.

Hudbay to Host Conference Call for Second Quarter 2023 Results

HudBay Minerals (HBM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

HudBay Minerals (HBM) Soars 5.9%: Is Further Upside Left in the Stock?

TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) announces the signing of a memorandum of understanding (“MOU”) with Marubeni Corporation (“Marubeni”) that establishes the framework for a multi-year exploration partnership focused on the discovery of new deposits within trucking distance of Hudbay's existing processing facilities in Flin Flon, Manitoba.

Hudbay and Marubeni Establish Framework for Flin Flon Exploration Partnership

TORONTO, June 20, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay”) (TSX, NYSE: HBM) is pleased to announce that it has closed its previously announced court-approved plan of arrangement with Copper Mountain Mining Corporation (“Copper Mountain”), pursuant to which Hudbay has acquired all of the issued and outstanding common shares of Copper Mountain effective as of today's date (the “Transaction”). Copper Mountain is now a wholly-owned subsidiary of Hudbay and, in accordance with the terms of the Transaction, former Copper Mountain shareholders received 0.381 of a Hudbay share for each Copper Mountain share previously held.

Hudbay Completes Acquisition of Copper Mountain to Create a Premier Americas-Focused Copper Producer

(Kitco News) - Hudbay said that this transaction has the potential to further extend mine life at its Snow Lake operations by consolidating its ownership in the Talbot copper-gold deposit and more than tripling its prospective land package in the Snow Lake region.

Hudbay Minerals to acquire Rockcliff Metals, owner of copper-gold deposits in Manitoba

Toronto, Ontario--(Newsfile Corp. - June 19, 2023) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to announce that Rockcliff Metals Corporation (CSE: RCLF) ("Rockcliff") and Hudbay Minerals Inc. (TSX: HBM) (NYSE: HBM) ("Hudbay"), have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which Hudbay will acquire 100% of the issued and outstanding common shares of Rockcliff that it does not already own (the "Arrangement"). Under the Arrangement Rockcliff shareholders will receive 0.006776 of a Hudbay common share for each Rockcliff common share held, representing an attractive premium to Rockcliff's recent trading price.

Olive Announces Expected Material Increase to Its Portfolio Value and Liquidity - Hudbay Minerals to Acquire Rockcliff Metals

TORONTO, June 19, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay”) ( TSX, NYSE: HBM) and Rockcliff Metals Corp. (“Rockcliff”) (CSE: RCLF , OTCQB: RKCLF) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Hudbay will acquire 100% of the issued and outstanding common shares of Rockcliff that it does not already own (the “Arrangement”).

Hudbay to Acquire Rockcliff to Consolidate the Snow Lake Camp

TORONTO , June 15, 2023 /PRNewswire/ - Hudbay Minerals Inc. ("Hudbay") (TSX: HBM) (NYSE: HBM) and Copper Mountain Mining Corporation ("Copper Mountain") (TSX: CMMC) (ASX: C6C) are pleased to announce that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Hudbay will acquire all of the issued and outstanding common shares of Copper Mountain (the "Transaction"). The Transaction remains subject to the satisfaction of certain other customary closing conditions for transactions of this nature.

The Supreme Court of British Columbia has approved Hudbay's Plan of Arrangement with Copper Mountain

TORONTO , June 13, 2023 /PRNewswire/ - Hudbay Minerals Inc. ("Hudbay") (TSX: HBM), (NYSE: HBM) and Copper Mountain Mining Corporation ("Copper Mountain") (TSX: CMMC) (ASX: C6C) are pleased to announce that the shareholders of both Hudbay and Copper Mountain have approved the resolutions required to consummate the previously announced plan of arrangement (the "Transaction"). At their respective special meetings of shareholders on June 13, 2023 (each, a "Meeting"), the resolutions were passed with the following results:   Hudbay At the Meeting, the share issuance resolution required to consummate the Transaction was passed with the following voting results: Number of Votes FOR Number of Votes AGAINST Percentage of Votes FOR 173,883,694 277,212 99.84 % Copper Mountain At the Meeting, Copper Mountain shareholders supported the Transaction with the following voting resultsi: Number of Votes FOR Number of Votes AGAINST Percentage of Votes FOR 96,399,411 6,780,783 93.43 % i In addition, approximately 93.00% of Copper Mountain shareholders voted in favour of the Transaction, excluding the votes required to be excluded by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

Hudbay Plan of Arrangement with Copper Mountain Overwhelmingly Supported by Shareholders at Special Meetings

TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) today announced the release of its Annual Sustainability Report which provides transparency and progress on key accomplishments and initiatives in 2022 along with goals for the upcoming year and longer term. Along with this release, Hudbay has launched its purpose statement describing the value the company creates and the impact it has while contributing to a low-carbon future:

Hudbay Announces Release of its 20th Annual Sustainability Report and Launches Company Purpose Statement

The transaction makes "strategic sense" as it increases scale, diversification and could result in a valuation re-rating Have questions or need help voting? Contact Kingsdale Advisors:  Hudbay Shareholders at 1-855-682-2031 (toll free in North America) Copper Mountain Shareholders / CDI holders at 1-855-682-2031 (toll free in North America) or email contactus@kingsdaleadvisors.com Visit www.HudbayPOA.com or www.CopperMountainPOA.com for more details TORONTO , June 2, 2023 /PRNewswire/ - Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM) (NYSE: HBM) and Copper Mountain Mining Corporation ("Copper Mountain") (TSX: CMMC) (ASX: C6C) are pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), have recommended that shareholders vote FOR  the previously announced transaction whereby Hudbay will acquire all of the issued and outstanding common shares of Copper Mountain pursuant to a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction").

Independent Proxy Advisory Firms, ISS and Glass Lewis, Support Hudbay's Plan of Arrangement with Copper Mountain and Recommend Shareholders Vote "FOR"

TORONTO, June 02, 2023 (GLOBE NEWSWIRE) --  Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) and Copper Mountain Mining Corporation (“Copper Mountain”) (TSX: CMMC) (ASX: C6C) are pleased to announce that Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”), have recommended that shareholders vote FOR the previously announced transaction whereby Hudbay will acquire all of the issued and outstanding common shares of Copper Mountain pursuant to a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Transaction”).

Independent Proxy Advisory Firms, ISS and Glass Lewis, Support Hudbay's Plan of Arrangement with Copper Mountain and Recommend Shareholders Vote “FOR”

TORONTO , May 18, 2023 /PRNewswire/ - Hudbay Minerals Inc. ("Hudbay") (TSX: HBM) (NYSE: HBM) and Copper Mountain Mining Corporation ("Copper Mountain") (TSX: CMMC) (ASX: C6C) are pleased to announce today that they have filed a joint management information circular dated May 15, 2023 and related meeting materials (the "Meeting Materials") in connection with their respective special meetings of shareholders (the "Meetings") scheduled to be held on June 13, 2023. The purpose of the Meetings is to seek approval for certain matters in connection with their previously announced transaction whereby Hudbay will acquire all of the issued and outstanding common shares of Copper Mountain, pursuant to a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction").

Hudbay and Copper Mountain Announce Filing of Joint Management Information Circular in Connection with Proposed Combination and Support from Largest Shareholders

TORONTO, May 10, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) today announced that each of the ten individuals nominated for election as a director of Hudbay at the company's Annual and Special Meeting of Shareholders held on May 10, 2023 was elected.

Hudbay Announces Election of Directors

Hudbay Minerals Inc. (NYSE:HBM ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Candace Brule - VP, IR Peter Kukielski - President and CEO Eugene Lee - SVP and CFO André Lauzon - SVP and COO Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital Farooq Hamed - Raymond James Operator Good morning, ladies and gentlemen. Thank you for standing by.

Hudbay Minerals Inc. (HBM) Q1 2023 Earnings Call Transcript

The headline numbers for HudBay Minerals (HBM) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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