- Increases Hudbay’s exposure to a long-life, high-quality copper asset in Canada, a tier-1 mining jurisdiction
- Low upfront and deferred cash consideration in a transaction which is accretive to Hudbay’s net asset value per share
- Copper Mountain is expected to produce 60,000 tonnesi of copper by 2027, a greater than 125% increase over 2024 and a 200% increase from 2024 production levels attributable to Hudbay
- Increases Hudbay’s attributable copper production from Canada and reinforces its position as the second largest copper producer in Canadaii
- Hudbay intends to further invest in Canada’s copper and critical minerals sector through the ongoing optimization program at Copper Mountain and the advancement of the nearby New Ingerbelle expansion project
- Hudbay gains rights to 15% of the copper concentrate offtake for the next 15 years and 100% thereafter
TORONTO, March 27, 2025 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or…
