Investment Update | Review + Outlook
​We maintain our rating on Hudbay. The updated Lalor mine plan allows Hudbay to raise zinc production and to take advantage of the current strength in zinc pricing. Meanwhile, the company continues to evaluate incorporating the New Britannia mill at Lalor. While the Rosemont feasibility is complete, Hudbay still needs to overcome a number of obstacles, including successful permitting, obtaining external sources of financing, and seeing higher copper prices before moving ahead with this project.
HudBay Minerals is engaged in the discovery, production and marketing of copper, gold, silver, zinc and other base and precious metals in North, Central and South America. Through its subsidiaries, Co. owns copper, zinc and gold mines, ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan, and a copper project in Peru.
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