Topic: How To Invest

Q: Hello. I would be interested in your thoughts on Hudbay Minerals on Toronto. Thanks.

Article Excerpt

A: Hudbay Minerals Inc., $9.63, symbol HBM on Toronto (Shares outstanding: 497.8 million; Market cap: $3.3 billion; www.hudbayminerals.com), is a Canadian mining company with properties in the U.S. and Peru as well as Canada. It mines and sells copper (62% of revenue), gold (27%), molybdenum (5%), zinc (4%) and silver (2%). Hudbay’s three producing mines are the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba, and the Copper Mountain mine in B.C. The company’s development pipeline includes the Copper World project in Arizona, the Mason project in Nevada, the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. In June 2023, Hudbay completed the acquisition of Copper Mountain Mining Corp. (symbol CMMC on Toronto) for $439 million U.S. in stock. Copper Mountain’s flagship operation is the Copper Mountain mine in southern B.C. Hudbay now owns 75% of the operation. The remaining 25% belongs to Mitsubishi Materials of Japan. The acquisition created an Americas-focused copper…