HudBay Minerals expects to escape ‘trough’

Feb 21, 2013 | 04:44 PM | Daniel Fitzgerald

Tags  HudBay Minerals, copper, zinc, gold, earnings report, Constancia, Lalor, Reed David Garofalo

NEW YORK — HudBay Minerals Inc. closed out 2012 with a sharp drop in fourth-quarter revenue compared with the same period a year earlier, but the company anticipates a nearly 400-percent increase in copper production as its Lalor and Reed projects in Manitoba and Constancia project in southern Peru come online over the next three years.

The Toronto-based company posted fourth-quarter net income of nearly Canadian $7.44 million ($7.3 million) vs. C$34.29 million a year earlier on revenue that tumbled 28.8 percent to C$180.99 million ($177.7 million).....





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