Tuesday, August 8, 2017

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 August 4, 2017 the company released Numbers

"Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM) (NYSE: HBM) today released its second quarter 2017 financial results. All amounts are in U.S. dollars, unless otherwise noted.
Summary:
  • Operating cash flow1 of $124 million, a 54% increase from the first quarter 2017
  • Consolidated copper production of 40,842 tonnes, an 18% increase from the first quarter 2017
  • Consolidated zinc production of 34,896 tonnes, a 14% increase from the first quarter 2017
  • Consolidated cash cost2, net of by-product credits, of $0.85 per pound of copper, a 3% decrease from the first quarter 2017
  • Consolidated all-in sustaining cash cost2, net of by-product credits, of $1.49 per pound of copper, a 2% increase from the first quarter 2017
  • Continued progress on reducing debt balances with $67 million repaid during the quarter and amended revolving credit facilities to extend the maturities and reduce the interest rates
  • Net debt 2 of $950 million and total liquidity of $497 million, including $153 million in cash, an improvement from March 31, 2017 levels of net debt of $1,035 million and total liquidity of $433 million
  • Rosemont project received the Final Record of Decision from the U.S. Forest Service
  • Allocated additional funds to exploration budget to focus on high-priority drilling targets
  • On track to meet production, operating cost and capital cost guidance for 2017









http://canadastockjournal.blogspot.com/2016/09/hudbay-minerals-hbmt.html