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HudBay Minerals Inc.
Summary
| Project: | Rosemont | |
|---|---|---|
| Deposit: | Rosemont | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Silver | |
| Date: | 3/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-3-2019: HudBay Minerals Inc. announces a Resource Estimation report for its Rosemont deposit at the Rosemont project. Updated mineral resources and reserves for the project in annual statement. Toronto, Ontario, March 28, 2019 – Hudbay Minerals Inc. (“ | |
| Resources: | (Reserve, P+P): 537.1Mt @ 0.45% Cu, 0.012% Mo, 4.58g/t Ag at project | |
| CP/QP: | [Resources]: Cashel Meagher (Internal) | |
| ABSTRACT: | Toronto, Ontario, March 28, 2019 – Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that its Board of Directors (“Board”) has approved an early works program at its Rosemont project, and provided its annual mineral reserve and resource update. All dollar amounts are in US dollars, unless otherwise noted “We are pleased to be moving forward at Rosemont and look forward to carrying out the early works in parallel with financing activities for the project,” said Alan Hair, Hudbay’s president and chief executive officer. “We continue to drive momentum across our business with the Lalor mine’s successful ramp up to 4,500 tonnes per day, extending 777’s mine life into 2022 and moving Rosemont forward in a prudent manner.” Rosemont Project The permitting process at Rosemont concluded with the receipt of the Section 404 Water Permit from the U.S. Army Corps of Engineers and the Mine Plan of Operations from the U.S. Forest Service in March 2019. Hudbay is now in a position to move the project forward with development. As previously disclosed, Hudbay’s agreement to acquire United Copper & Moly LLC’s 7.95% interest in Rosemont provides Hudbay with greater strategic flexibility with respect to capital structure and project financing alternatives. Hudbay intends to evaluate a variety of options, including the addition of a new, committed joint venture partner for the development of Rosemont. The company expects to carry out this process in parallel with advancing the initial | |
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