BASE METALS

Hudbay falls on disappointing results

Shares in copper producer Hudbay Minerals opened down 6% as it reported a net loss of US$60.1 million in March quarter on sales of $313.6 million compared to a net loss of $76.1 million on sales of $245.1 million in the prior year period.

Staff reporter
 Hudbay Minerals' 777 mine in Manitoba, Canada

Hudbay Minerals' 777 mine in Manitoba, Canada

The company produced 24,553 tonnes of copper and 35,500 ounces of gold in the quarter at a C1 cash cost net of by-products of $1.04/lb. The company said its results were negatively impacted by a 10,000t...

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