Hudbay Reaches Agreement To Purchase Rosemont's Minority Joint Venture Interest
Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM)
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm
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Source: GlobeNewswire
TORONTO, March 13, 2019 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announced today that it has reached an agreement with United Copper & Moly LLC (“UCM”) to purchase UCM’s 7.95% interest in the Rosemont project, and to terminate all of UCM’s remaining earn-in and off-take rights, for upfront cash consideration of US$45 million, plus three annual installments of US$10 million per year, commencing July 1, 2022. In connection with the transaction, Hudbay has agreed to release UCM from any and all obligations in relation to the Rosemont project, including project loans representing its proportionate share of joint venture expenditures incurred beyond its initial earn-in investment. UCM is jointly owned by Korea Resources Corporation and LG International Corp. “This transaction simplifies the ownership structure and improves our financial flexibility for the development of Rosemont,” said Alan Hair, Hudbay’s president and chief executive office
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- CANADA STOCKS-TSX pares gains after hitting record high on materials boost [Yahoo! Finance]Yahoo! Finance
- Hudbay Minerals Inc. (NYSE: HBM) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $9.00 price target on the stock.MarketBeat
- Hudbay Minerals Inc. (NYSE: HBM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Hudbay Provides Annual Reserve and Resource Update and Production Outlook [Yahoo! Finance]Yahoo! Finance
- Hudbay Provides Annual Reserve and Resource Update and Production Outlook [Financial Post (Toronto, Ontario, Canada)]Financial Post
HBM
Earnings
- 2/23/24 - Beat
HBM
Sec Filings
- 4/12/24 - Form 6-K
- 4/2/24 - Form 6-K
- 3/28/24 - Form F-X
- HBM's page on the SEC website