HudBay Minerals (HBM +2.3%) greenlights its $1.5B Constancia copper project in Peru and strikes...

|By:, SA News Editor

HudBay Minerals (HBM +2.3%) greenlights its $1.5B Constancia copper project in Peru and strikes a $750M financing arrangement with Silver Wheaton (SLW +6.8%) to help pay for it. In exchange for the cash, HBM will sell a portion of the byproduct gold and silver production from the Constancia and 777 projects to SLW at below-market prices. (also)