Hudbay Minerals, Inc. announced Thursday it plans to spend an additional $10 million for exploratory drilling at its Rosemont copper prospect and another $60 million for permitting and engineering in 2015.
The company provided no details on when and where it plans this year’s drilling program or how the permitting and engineering expenses will be allocated.
“In Arizona, an additional drilling program is planned for 2015 focusing on continuing to improve our understanding of the initial years of mining as well as plant site geotechnical work,” Hudbay stated in a Jan. 15 press release.
Toronto-based Hudbay conducted an $8 million “confirmatory” drilling program late last year at the controversial Rosemont site in the Santa Rita Mountains on the Coronado National Forest southeast of Tucson. Continue reading