During its 85 years of mining history Hudbay (HBM) has developed 23 mines in Canada. Presently the company is in a transition phase again.
The present article summarizes our valuation of the company and shows the influence of metal prices on our results.
Hudbay produces a diversified mix of metals including copper (46% of reserves and resources), zinc (19%), gold and silver (24%), molybdenum (6%) and lead (5%). The company specializes in exploiting VMS and porphyry deposits.
The down-turn in the resource sector as a whole has also left its mark on Hudbay's balance sheet. This year's second quarterly report showed a $52.7M loss and the company announced cost cutting measures...
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