Hudbay's Peruvian copper project cost estimate raised to $1.8B

|About: Hudbay Minerals Inc Ordinar... (HBM)|By:, SA News Editor

Hudbay Minerals (HBM) says capital spending for its Constancia copper project in southern Peru has increased due to higher-than-expected civil works costs.

CEO David Garofalo says the project will now likely require a total investment of ~$1.8B, up from a previous estimate of $1.5B.