Articles for tag: closes, Hudbay, million, Minerals, offering, Public, upsized

May 26, 2024

Ron Finklestien

mining

Hudbay Minerals closes $402.5 million upsized public offering

In total, Hudbay issued over 42.36 million common shares priced at $9.50 each, including the full exercise of the underwriters’ overallotment for about 5.52 million shares. Originally, it had planned to issue 31.6 million shares plus a 15% overallotment. By midday Friday in New York, shares of Hudbay Minerals traded 2.9% higher at $9.57 apiece, for a market capitalization of $3.4 billion. In Toronto, its shares rose 1.6% to C$12.99 apiece, for a market capitalization of C$4.6 billion. As previously announced, the net proceeds will be used by Hudbay to accelerate mine pre-stripping activities and mill optimization initiatives at Copper

February 23, 2024

Ron Finklestien

mining

The Glittering Success of Hudbay Minerals in 2023

Record Production Sparks Investor Excitement Hudbay Minerals has emerged as a shining star in the mining industry, with its shares soaring on the back of record-breaking revenue for the year 2023. The company recently revealed its operational results, showcasing an impressive performance that left investors beaming with delight. Operational Prowess Unveiled Highlighting its operational prowess, Hudbay Minerals reported a consolidated copper production of 45,450 tonnes and a record-breaking consolidated gold production of 112,776 ounces in the final quarter. These exceptional numbers were driven by sustained high grades at the Pampacancha deposit in Peru and the Lalor mine in Manitoba, along