HudBay’s main production platform is located in northern Manitoba and includes the 777 mine, the Trout Lake mine, a concentrator, copper smelter and zinc plant at Flin Flon Manitoba. Near Snow Lake Manitoba, the Company operates the Chisel North mine and a concentrator. The Manitoba operations have benefited from a $435 million capital expenditure completed in early 2005 to bring the 777 and Chisel North mines into operation and expand and modernize the metallurgical plants. The Company also operates the Balmat zinc mine and concentrator in New York state. In addition HudBay produces zinc oxide at its Zochem facility in Brampton Ontario and produces copper cathode at its White Pine refinery in Michigan. The company markets its metals and zinc oxide through an agency agreement with Considar Metal Marketing which is based in Toronto and is 50% owned by HudBay.
Competitive Strengths
- Vertically integrated operations from mines to metals
- Proven mining and metallurgy competency built on continuous operations since 1927
- Excellent mineral reserves and resources
- Extensive exploration holdings in the prolific Flin Flon Greenstone belt as well as in SW Ontario, Yukon, Chile and around the Balmat District in New York state
- Aggressive 2007 exploration program
- Experienced management team and stable and skilled workforce
- Strong cash flows and solid balance sheet
Growth Strategies
- Organic growth through investment in exploration and development
- Merger and acquisition opportunities