Category Archives: Investors

Hudbay reduces Rosemont spending, now looks to develop other mining projects first

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Toronto-based Hudbay Minerals Inc. continues to cut spending on its Rosemont copper project and is now emphasizing developing major projects in Manitoba and Peru before it turns its attention to constructing the $1.5 billion open pit mine in the Santa … Continue reading

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SEC files illegal insider trading charges against former Hudbay executive in connection with Rosemont mine purchase

The U.S. Securities and Exchange Commission Wednesday filed illegal insider trading charges against a former Hudbay Minerals Inc. senior executive based in Peru in connection with Hudbay’s 2014 acquisition of Augusta Resource Corp. and its Arizona-based Rosemont Copper Company subsidiary. … Continue reading

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Hudbay posts sixth consecutive loss and plans to further reduce Rosemont spending

Toronto-based Hudbay Minerals Inc. posted its sixth consecutive quarterly loss during the 2nd quarter ending June 30 and plans to “substantially” reduce spending on its Arizona Rosemont copper project during the rest of 2016. Hudbay’s 2nd quarter loss of $5.7 … Continue reading

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Hudbay reduces spending on Rosemont as permitting decision looms

Hudbay Minerals Inc. said it will sharply reduce spending on its proposed Rosemont copper mine for the remainder of 2016. “Capital expenditures in Arizona on the Rosemont project are expected to decline substantially over the balance of 2016,” the company … Continue reading

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Hudbay’s debt, low copper prices puts Rosemont on back burner

Hudbay Minerals’ decision to delay construction of the $1.5 billion Rosemont copper project underscores the increasingly perilous financial outlook for the Toronto-based company that is mired in debt during a period of low copper prices that are expected to continue … Continue reading

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