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Stock Market & Financial Investment News

News Breaks
February 9, 2014
20:24 EDTHBMHudbay Minerals to make offer to acquire Augusta Resource Corporation
HudBay Minerals announced that it intends to commence an offer to acquire all of the issued and outstanding common shares of Augusta Resource Corporation not already owned by Hudbay. Under the terms of the Offer, Augusta shareholders will be entitled to receive 0.315 of a Hudbay common share for each Augusta common share held, representing approximately C$2.96 per Augusta common share. The Offer represents a premium of 62% to Augusta's 20-day volume-weighted average price on the TSX for the period ending February 7, and a premium of 18% to Augusta's closing share price on the TSX on February 7 in addition to Augusta's 26% share price increase during the two trading days preceding the Offer. The Offer values Augusta at an enterprise value of approximately C$540M on a fully diluted in-the-money basis.
News For HBM From The Last 14 Days
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January 15, 2015
17:43 EDTHBMHudbay Minerals sees 2015 copper production up 270% over 2014
HudBay Minerals released 2015 production guidance and capital and exploration expenditure forecasts. Production across all key metals in 2015 is expected to benefit from the first full year of production at the Constancia and Lalor mines, including a greater than 270% increase in copper production over 2014 due to planned production from all three new mines. Production from Hudbay's 100% owned Constancia project in Peru began as expected during 4Q2014. Commercial production remains on track for Q2. The company sees 2015 CapEx of CAN$425M, down 60% from 2014. .

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