Hudbay (TSX: HBM)(NYSE: HBM) is a Canadian integrated mining company with operations, development properties and exploration activities across the Americas principally focused on the discovery, production and marketing of base and precious metals.
The company’s objective is to create sustainable value through increased commodity exposure on a per share basis by growing long-life deposits, in high-quality and mining-friendly jurisdictions. A member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, Hudbay is committed to high standards of corporate governance and sustainability.
Mission
To create sustainable value through increased commodity exposure on a per share basis, in high-quality and growing long-life deposits in mining-friendly jurisdictions.
Competitive Strengths
- 85 years of operating history in Canada
- Solid financial position
- Strong production profile – projected copper, precious metals and zinc production growth anticipated as the Lalor (Manitoba), Constancia (Peru) and Reed (Manitoba) projects are put into production
- Proven success in all aspects of the mining life cycle:
- Exploration – more than 230 years of combined experience studying volcanogenic massive sulphide (VMS) and porphyry mineral deposits; specialists in applying geophysical techniques to identify prospective targets; earned two Bill Dennis Awards from the Prospectors and Developers Association of Canada (PDAC)
- Mine development – developed 26 mines in the Flin Flon Greenstone Belt
- Operations – strong cash flow generation from existing mines; 1,300 employees in northern Manitoba with an average of 19 years of service
- Remediation – reclaimed and remediated many mine sites
- Disciplined and clear growth strategy
Strategy
Our growth strategy is focused on:
- Optimizing operations and growing our principal operating platform in northern Manitoba, including aggressively pursuing development of the Lalor and Reed projects and continuing exploration in the Flin Flon Greenstone Belt
- Growing beyond our Manitoba base, including through the development of the Constancia project and seeking acquisitions of VMS and porphyry deposits with exploration upside in mining-friendly jurisdictions in the Americas
Operations
777, Flin Flon concentrator, zinc plant
Flagship 777 mine is a long-life copper/zinc/gold/silver operation
Lalor project, Snow Lake concentrator
Lalor will be our next major underground mine, began initial production in August 2012
|
Mines and Projects
Large copper project with full production expected by 2016
Copper project with first production expected by late 2013
51% interest in an advanced-stage exploration project
|
Stock Information
- Trading symbols: TSX and NYSE – HBM
- Fully diluted shares outstanding: 172.0 million as of September 30, 2012