HudBay to defer spending after 2d qtr. loss
Aug 02, 2013 | 11:14 AM
| Everdeen Mason
NEW YORK HudBay Minerals Inc. will reduce capital investments and defer spending on mining projects after its second-quarter net loss jumped 78 percent to Canadian $52.69 million ($50.82 million) from C$29.61 million a year earlier.
The Toronto-based company blamed the deeper loss and a 31.2-percent decline in sales to C$130.66 million ($125.97 million) on lower production following the closure of its Trout Lake and Chisel North mines in Manitoba in 2012, as well as a foreign currency translation loss and lower prices.....
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.