Read more on the Globe and Mail's Report on Business Best Executive Awards. About Hudbay Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "Company") (TSX, NYSE: HBM) is pleased to announce that Eugene Lei, Chief Financial Officer at Hudbay, has been re ...

In connection with its name change, the Company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from 'GOLD' to 'B', to become effective at the start of trading on May 9, 2025. The Barrick common shares will continue to trade under the 'ABX' ticker symbol on the Toronto Stock Exchange. The new CUSIP number for the Barrick common shares effective at the start of trading on May 9, 2025 will be 06849F108. "Barrick's vision is to be the world's most valu ...

Financial Data and Key Metrics Changes - In Q1 2025, MMG's copper production reached just over 118,000 tonnes, a 76% increase compared to the same quarter last year [21] - The total recordable injury frequency was 2.4 per million hours worked, indicating a focus on safety despite an increase from the previous quarter [19] - The significant events with energy exchange frequency was 1.08 per million hours worked, also showing an increase from last quarter [20] Business Line Data and Key Metrics Changes - Las Bambas produced over 95,000 tonnes of copper in concentrate, a 71% increase year-over-year [21] - Kinsevere produced almost 12,000 tonnes of copper cathode, a 19% increase compared to the same period last year [23] - Khoemakau produced close to 11,000 tonnes of copper in concentrate, a 4% increase from the previous quarter despite severe weather conditions [24] Market Data and Key Metrics Changes - The company is experiencing favorable market conditions, including declining TCRC rates for copper and zinc concentrates and rising precious metal prices [26] - The operations at Las Bambas are stable and in good order, contributing to a positive outlook for production and cost guidance [26] Company Strategy and Development Direction - MMG aims to become one of the top 10 global copper producers, focusing on safety performance, expansion projects, and community relations [27] - The company is advancing its Nickel Brazil acquisition and integration plans while conducting a comprehensive review of its 2025 production and cost guidance [26] - The feasibility study for expanding Las Bambas' capacity is a top priority, with plans to reach 60,000 tonnes by 2026 and 130,000 tonnes by 2028 [43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production guidance for Las Bambas, contingent on stable operations and no nationwide incidents [32] - The company is optimistic about the potential for cost reductions due to scale economics as production increases [32] - Management highlighted the importance of community relations and ongoing negotiations to ensure stable operations [31] Other Important Information - The total investment for community development projects, including the construction of a school, is approximately $9 million [22] - The company is focused on optimizing recovery rates and improving operational flexibility at its mining sites [46][48] Q&A Session Summary Question: Expectations for Las Bambas production - Management indicated that production is expected to meet the upper limit of guidance if no nationwide incidents occur [32] Question: Inventory adjustments at Las Bambas - Sales increased in Q1 due to inventory sold from Q4, and production is sticking to guidance [34] Question: Kinsevere's power outages and production expectations - Management confirmed that production is on track with guidance, and diesel power generation is a backup source [36] Question: C1 cost expectations - C1 costs are expected to improve as production increases, with precious metal prices positively impacting costs [57] Question: Tax issues in Las Bambas - Management is working with tax authorities in Peru, and they do not expect significant impacts on cash flow or corporate income tax rates [71]

Core Viewpoint - Freeport-McMoRan Inc. (FCX) and Southern Copper Corporation (SCCO) are significant players in the copper mining industry, both facing challenges from fluctuating copper prices and global economic uncertainties, particularly due to U.S.-China trade tensions [1][2] Group 1: Company Fundamentals - FCX has high-quality copper assets and is focused on organic growth opportunities, including a large-scale concentrator expansion at Cerro Verde in Peru, which adds approximately 600 million pounds of copper annually [4] - Southern Copper has a robust pipeline of greenfield projects with a capital investment program exceeding $15 billion for this decade, targeting significant projects in Mexico and Peru [9][10] - FCX generated operating cash flows of around $1.4 billion in Q4 2024, with full-year cash flows climbing 35% year-over-year to $7.2 billion, and ended 2024 with $3.9 billion in cash [6] - SCCO generated net cash from operating activities of $4.42 billion in 2024, a 24% increase from $3.57 billion in 2023, supported by higher net income [12] Group 2: Production and Growth Projections - FCX is evaluating a large-scale expansion at El Abra in Chile and conducting pre-feasibility studies in Arizona to define significant sulfide expansion opportunities [4] - Southern Copper targets copper production of 967,000 tons for 2025, maintaining production levels from the previous year, with growth expected from higher production in Peru [11] - FCX's expansion activities are expected to boost production capacity, while SCCO is committed to increasing low-cost production [23] Group 3: Financial Metrics and Valuation - FCX offers a dividend yield of approximately 0.9% with a payout ratio of 20% and a five-year annualized dividend growth rate of about 21.8% [7] - SCCO provides a healthier dividend yield of 3.2% with a payout ratio of 65% and a five-year annualized dividend growth rate of roughly 13.4% [12] - FCX is trading at a forward 12-month earnings multiple of 18.95X, representing a 4.2% premium over the industry average of 18.19X, while SCCO trades at 19.66X [16][19] Group 4: Cost Challenges - FCX's consolidated unit net cash costs per pound of copper for Q4 2024 were 9% higher than the previous year, with expectations of a 5% increase in Q1 2025 due to higher labor and mining costs [8] - Southern Copper experienced a 3% year-over-year increase in total operating costs and expenses in 2024, primarily due to rising labor costs and inflation for repair materials [13] Group 5: Investment Outlook - Both FCX and SCCO present compelling investment cases, with FCX having a slight edge due to more attractive valuation and higher earnings growth projections [23]

Vancouver, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) ("Surge" or the "Company") is pleased to highlight results from an industrial energy efficiency study investigating the potential benefits of incorporating high-pressure grinding rolls ("HPGR") into the comminution circuit at its Berg Project in central British Columbia. The study, conducted by Ausenco Engineering Canada ULC with input and support provided by BC Hydro, evaluates t ...

Figure 1 Midland Increases its Copper Land Position in the Labrador Trough Figure 2 Midland Increases its Copper Land Position in the Labrador Trough MONTREAL, April 09, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that 167 mining claims with strong copper potential were designated in the central part of the Labrador Trough, Quebec (new “Kuiper” project; Figures 1A and 1B), following the identification of several highly favourable parameters for copp ...

VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the "Company") will publish its first quarter 2025 operating and financial results on Monday, May 5, 2025, after market close. The Company will host a conference call to discuss the results on Tuesday, May 6, 2025 at 11:30am Eastern time (8:30am Pacific time). A results presentation will be available for download via the webcast link and in the Presentations section of the Company's website on the day of ...

The Aranzazu Property is situated in the Municipality of Concepción del Oro, within the State of Zacatecas, Mexico, near the northern boundary with the State of Coahuila. It hosts the Aranzazu deposit; a skarn deposit enriched with copper, gold, and silver. The site is located in a rugged mountainous region and can be accessed from the city of Zacatecas, approximately 250 km to the southwest, or from Saltillo, a city 112 km to the northeast in Coahuila. The Property has seen intermittent mining related acti ...

Core Viewpoint - Hudbay Minerals Inc. has entered into an agreement to acquire Mitsubishi Materials Corporation's 25% interest in Copper Mountain Mine for US$4.5 million upfront and up to US$39.75 million in deferred payments, enhancing its position in the North American copper market [1][2]. Financial Details - The total cash consideration for the transaction includes US$4.5 million payable at closing, US$21 million in seven annual deferred payments of US$3 million each, and up to US$18.75 million in contingent payments based on operational thresholds [8]. - The company will also assume approximately US$104 million in outstanding obligations related to Copper Mountain Mine [1]. Strategic Implications - The acquisition aligns with Hudbay's strategy to grow copper production in mining-friendly jurisdictions and simplifies the ownership structure of Copper Mountain [2]. - The transaction is expected to enhance Hudbay's credit base, as Copper Mountain Mine will become a wholly owned subsidiary [5]. Production Outlook - Copper Mountain Mine is projected to produce 60,000 tonnes of copper by 2027, representing a more than 200% increase from 2024 production levels [7][11]. - The mine has current mineral reserves estimated at 346 million tonnes at 0.25% copper, supporting a mine life until 2043 [9]. Operational Enhancements - Since acquiring Copper Mountain in June 2023, Hudbay has focused on operational stabilization and optimization, achieving high mill availability of 92% and copper recoveries of 82% in 2024 [10]. - Planned improvements include converting the third ball mill to a second SAG mill, which is expected to increase mill throughput to 50,000 tonnes per day by 2026 [10]. Long-term Relationships - Hudbay intends to maintain a long-term relationship with Mitsubishi Materials Corporation, with MMC secondees continuing to contribute to Copper Mountain for five years post-transaction [4][8].

Gold Royalty Corp. (NYSE:GROY) Q4 2024 Earnings Conference Call March 20, 2025 11:00 AM ET Company Participants David Garofalo - Chairman & CEO Andrew Gubbels - CFO Jackie Przybylowski - VP, Capital Markets Peter Behncke - Director, Corporate Development & IR Conference Call Participants Heiko Ihle - H.C. Wainwright Eric Winmill - Scotiabank Operator Welcome to the Gold Royalty Corp. Fourth Quarter 2024 Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After to ...