Member Company Profile

Hudbay

HBM:CN|Last Price: USD 3.96|Market Cap: USD 1.03 B

USD 1.66        USD 7.30


Gold Price: $1,775.30|Silver Price: $18.02|Platinum Price: $811.00|Palladium Price: $1,920.00|Gold:Silver: 98.5


Status: Producer|Primary Mineral: Copper|Primary Country of Operation: Canada


Last Updated: April 9, 2020

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IR Contact

Candace Brule
+1 (416) 362-8181
[email protected]
www.hudbayminerals.com

Address

25 York Street, Suite 800
Toronto, ON M5J2V5
Canada

Cautionary Information

© Copyright 2020, Denver Gold Group & Hudbay.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence.

Hudbay has two operating business units, Manitoba and Peru. In both business units, the company is investing in near-mine growth opportunities that are gold-rich. In Manitoba, Hudbay has the Lalor mine that becomes a gold mine in 2022 through the refurbishment of a nearby gold mill, with gold generating more than 60% of the mine's revenues at that time. The company also expects to be developing a satellite deposit near its Constancia mine in Peru, called the Pampacancha deposit, which is gold-rich and increases the annual gold production from the mine by over 60%.

Value Drivers
  • Today, Hudbay produces a meaningful amount of gold production, over 150,000 ounces of precious metals per year, and that number is expected to more than double by 2022 with the growth initiatives already underway in both the Manitoba and Peru operations. The company's consolidated revenues are expected to be 1/3 gold by 2022.
  • Hudbay's Lalor mine and Snow Lake operations in Manitoba, Canada, is expected to grow its annual gold production to over 150,000 ounces at AISC of approximately $650/oz starting in 2022.
  • Hudbay's Pampacancha satellite deposit in Peru is expected to increase the annual gold production from the Constancia Mine by over 60%.
Top Shareholders
  • Waterton Global Resource Management Inc.
  • GMT Capital Corp.
  • Letko Brosseau & Associates Inc.
Management
Chairman: Stephen Lang
CEO: Peter Kukielski
CFO: Eugene Lei
COO: Cashel Meagher
More Detail
Capital Structure
Common Shares Outstanding: 261,272,151
Fully Diluted Shares: 261,272,151

IR Contact

Candace Brule
+1 (416) 362-8181
[email protected]
www.hudbayminerals.com

Address

25 York Street, Suite 800
Toronto, ON M5J2V5
Canada

Cautionary Information

© Copyright 2020, Denver Gold Group & Hudbay.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.