Thursday, September 29, 2016

Hudbay Minerals- HBM.t

Hudbay Minerals- HBM.t is a Canadian integrated mining company with operations, development properties and exploration activities across the Americas. The company has operations in Manitoba and Peru.

On July 27, 2016 the company released News

"HudBay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM) (NYSE: HBM) today released its second quarter 2016 financial results. All amounts are in US dollars, unless otherwise noted.

• Increased production in both Peru and Manitoba across all metals compared to the second quarter of 2015
• Cost efficiencies and economies of scale resulted in consolidated cash cost, net of by-product credits, of $0.83 per pound and all-in sustaining cash cost, net of by-product credits, of $1.42 per pound
• Operating cash flow before changes in non-cash working capital increased to $75.1 million, or $0.32 per share, from $17.0 million, or $0.07 per share, in the second quarter of 2015
• Total liquidity increased to $293.5 million compared to $190.1 million at the end of the first quarter of 2016, including new commitments of $30.0 million under Hudbay's revolving credit facilities

In the second quarter of 2016, cash generated from operating activities increased to $137.5 million from $10.4 million in the second quarter of 2015.