Company Overview - Copper World, Inc. has signed a Letter of Intent with several unions to establish a Project Labor Agreement for the construction of the Copper World Mine in Pima County, Arizona [1] - Hudbay is a copper-focused mining company with operations in Canada, Peru, and the United States, and is committed to sustainable practices and community relations [5][6] Project Details - The Copper World Mine is one of the largest non-government-funded construction projects in Southern Arizona, expected to generate over $850 million in U.S. taxes, including approximately $170 million for Arizona [8] - The project is anticipated to create more than 400 direct jobs and up to 3,000 indirect jobs, offering competitive wages and benefits [8] - A concentrate leach processing facility is planned for the fourth year of operations, aimed at producing "Made in America" copper cathode, which will reduce energy requirements and emissions [4] Community Impact - The project will provide local jobs and higher wages, benefiting the community and local economy in Arizona [7] - Partnerships with local apprenticeship readiness programs and workforce training initiatives are intended to fill and maintain all positions [8] - The Copper World Mine is expected to generate approximately $250 million in property taxes over its 20-year life [8]

The Offering was completed pursuant to an underwriting agreement dated May 22, 2024 entered into between the Company and a syndicate of underwriters led by RBC Capital Markets and BMO Capital Markets, as Joint Bookrunners, and CIBC Capital Markets, National Bank Financial, Scotiabank and TD Securities as co-lead managers, and including Barclays Capital, Canaccord Genuity, Bank of America Merrill Lynch, Cormark Securities, ING Bank, Haywood Securities, Raymond James, Stifel Nicolaus, Eight Capital, and Parad ...

Core Viewpoint - Hudbay Minerals Inc. has successfully closed a public offering of common shares, raising a total of US$402,477,000 through the issuance of 42,366,000 common shares at a price of US$9.50 per share, including an additional 15% from the over-allotment option exercised by underwriters [1][2]. Group 1: Offering Details - The offering was completed under an underwriting agreement dated May 22, 2024, with a syndicate led by RBC Capital Markets and BMO Capital Markets [2]. - The total gross proceeds from the offering amount to US$402,477,000, which includes 5,526,000 shares from the over-allotment option [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for several near-term growth initiatives, including mine pre-stripping activities and mill optimization at Copper Mountain [3]. - Funds will also be allocated to enhance balance sheet flexibility through debt repayments as part of the "3P" plan for the Copper World project, and to evaluate throughput enhancement opportunities at Constancia and New Britannia [3]. Group 3: Company Overview - Hudbay is a copper-focused mining company with operations in Canada, Peru, and the United States, and has a pipeline of copper growth projects [9][10]. - The company's operating portfolio includes the Constancia mine in Peru, Snow Lake operations in Manitoba, and the Copper Mountain mine in British Columbia, with copper as the primary metal produced [10].

TORONTO, May 21, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) today announced that each of the ten individuals nominated for election as a director of Hudbay at the company's Annual and Special Meeting of Shareholders held on May 21, 2024 was elected. The detailed voting results are set out below: | Director | Number of Votes | Number of Votes | Percentage of Votes | | --- | --- | --- | --- | | | FOR | AGAINST | FOR | | Carol T. Banducci | 219,507,809 | 582,032 ...

TORONTO, May 21, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) today announced that each of the ten individuals nominated for election as a director of Hudbay at the company's Annual and Special Meeting of Shareholders held on May 21, 2024 was elected. The detailed voting results are set out below: | Director | Number of Votes | Number of Votes | Percentage of Votes | | --- | --- | --- | --- | | | FOR | AGAINST | FOR | | Carol T. Banducci | 219,507,809 | 582,032 ...

Management's Discussion and Analysis of Results of Operations and Financial Condition For the three months ended March 31, 2024 May 13, 2024 TA BL E O F CONTENTS | I | n | t | r | o | du | c | t | i | o | n | 1 | O | u | r | B | u | s | i | n | e | s | s | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

157 This presentation contains certain financial measures which are not recognized under IFRS, such as adjusted net earnings (loss), adjusted net earnings (loss) per share, adjusted EBITDA, net debt, cash cost, sustaining and all-in sustaining cash cost per pound of copper produced, cash cost and sustaining cash cost per ounce of gold produced, combined unit operating costs and any ratios based on these measures. For a detailed description of each of the non-IFRS financial performance measures used in this ...

For the quarter ended March 2024, HudBay Minerals (HBM) reported revenue of $524.99 million, up 77.8% over the same period last year. EPS came in at $0.16, compared to $0.00 in the year-ago quarter. Shares of HudBay Minerals have returned +15% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Payable metal in concentrate and dore sold - Copper: 33,608 Ton vers ...

This quarterly report represents an earnings surprise of 433.33%. A quarter ago, it was expected that this mining company would post earnings of $0.11 per share when it actually produced earnings of $0.20, delivering a surprise of 81.82%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. HudBay Minerals (HBM) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a ye ...

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") ((TSX, NYSE:HBM) today released its first quarter 2024 financial results. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine. "We delivered another consecutive quarter of strong operational and financial performance with steady free cash flow generation and further debt reduction," said ...