Category Archives: Hudbay

Hudbay stock continues downward spiral as copper prices decline

Hudbay Minerals Inc. stock continued its precipitous decline closing Wednesday at a six-year low of $4.13 a share on the New York Stock Exchange as fears of a slowing world economy continue to depress commodity prices. Hudbay is proposing to … Continue reading

Posted in Hudbay, Investors | 3 Comments

Hudbay states it ‘remains committed’ to Rosemont Mine while major miners slash production

The Arizona Daily Star is reporting that Toronto-based Hudbay Minerals Inc. “remains committed” to constructing the Rosemont Copper Mine in the Santa Rita Mountains on the Coronado National Forest 35 miles southeast of Tucson. “Hudbay remains committed to developing the … Continue reading

Posted in Hudbay, Investors | 4 Comments

Unexpected loss sends Hudbay stock to six-year low

Hudbay Minerals stock was pummeled Thursday to its lowest level in six years following the company’s announcement of an unexpected $55.2 million second-quarter loss, according to its 2nd Quarter Financial Statement. Wall Street analysts were projecting Hudbay, the owner of … Continue reading

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Tumbling copper prices expected to delay Hudbay’s Rosemont construction plans

Economic turmoil in China has pushed copper prices to a six-year low which is dragging down the share prices of major copper producers including Toronto-based Hudbay Minerals, which is seeking state and federal permits to construct the Rosemont Copper Mine … Continue reading

Posted in General, Hudbay, Investors | 3 Comments

As Manitoba mine strike looms, Hudbay hires replacement workers and security forces

Hudbay Minerals is stating it intends to keep its 777 Mine in Flin Flon, Manitoba operating despite a pending strike by 200 union workers scheduled to begin Saturday, according to news reports. Rob Winton, Vice-President of Hudbay’s Manitoba Business Unit, said … Continue reading

Posted in Hudbay, Labor | 3 Comments