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Hudbay Consolidates 100% Ownership in its Copper Mountain Mine

Summary by Inside Ottawa Valley

Increases Hudbay's exposure to a long-life, high-quality copper asset in Canada, a tier-1 mining jurisdictionLow upfront and deferred cash consideration in a transaction which is accretive to Hudbay’s net asset value per shareCopper Mountain is expected to produce 60,000 tonnesi…

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Hudbay Consolidates 100% Ownership in its Copper Mountain Mine

6 days ago·Ottawa, Canada

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resourceworld.com

Hudbay buying MMC’s 25% stake in B.C. copper mine – Resource World Magazine

Hudbay Minerals Inc. [HBM-TSX, NYSE] said it has entered into an agreement with Mitsubishi Materials Corp. (MMC) of Japan to acquire MMC’s 25% interest in the Copper Mountain Mine in British Columbia. That will leave Hudbay with 100% ownership of the asset. Hudbay has agreed to pay US$4.5 million in upfront cash. and up to US$39.75 million in deferred and contingent cash payments. In addition, HudBay will be solely responsible to settle any of C

6 days ago

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csimarket.com

#Hudbay Minerals Seals Deal for Complete Control of Copper Mountain Mine, Signaling a Bright Future Ahead

In a significant move aimed at bolstering its portfolio, Hudbay Minerals Inc. has announced that it has secured a 100% ownership stake in the Copper Mountain Mine, a pivotal asset in British Columbia's mining landscape. The agreement, established in partnership with Mitsubishi Materials Corporation (MMC), has the potential to reshape Hudbay's operational outlook and enhance its financial metrics in the coming years. The deal, which involves an u…

6 days ago

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Australian Mining

New joint venture to consolidate Broken Hill mines - Australian Mining

Coolabah Metals has exercised the option to formally enter the binding joint venture agreement for mining operations at the Pinnacles silver-lead-zinc mine in New South Wales.

6 days ago

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