HudBay becomes hunter–and possibly prey
Dec 05, 2006 | 10:34 AM
| Meghann McDonell
Sitting on a stack of cash, HudBay Minerals Inc. is in active pursuit of acquiring assets, with a preference for a homegrown zinc company.
The Winnipeg, Manitoba,-based company hopes to join the ranks of the country's top mining companies, but its strong cash position could invite a takeover offer before it has the chance to build its own assets.
"HudBay is financially robust and our focus is on becoming a major Canadian mining company," Peter Jones, the company's president and chief executive officer, told investors at Desjardins Securities' Materials Conference in Montreal. "Our most important strategic thrust is merger and acquisition potential. Our significant cash position places us in a very prominent position, and we are currently looking at a broad spectrum of assets."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.