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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