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Hudbay sees "copperunity" with US$439 million Copper Mountain deal

Hudbay Minerals sees "coppertunity" to grow its copper business and enhance its environmental performance through a US$439 million all-stock deal to acquire Copper Mountain Mining, Hudbay Minerals chief executive Peter Kukielski told Mining Journal.

Paul Harris
Copper Mountain Mining's Copper Mountain mine in British Columbia, Canada

Copper Mountain Mining's Copper Mountain mine in British Columbia, Canada

The transaction, unanimously approved by the boards of both companies, will see Hudbay's production increase to 150,000tpa of red metal and 300,000oz of gold. Each Copper Mountain shareholder receives...

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