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Hi Bob, so busy with other things. Hope all is well with you..
To 'DougQuaid' on 'HudBay Minerals' you haven't seen
anything yet
wait to it start to move UP
To 'goforthebet' welcome to 'HudBay Minerals'
good to see you here
been in a long time -
we going back UP
Surging gold, lower costs help Hudbay grow profits seven-fold
The miner posted strong earnings numbers despite a 21% drop in revenue
Posted: Wednesday , 04 Nov 2009
TORONTO (Reuters) -
HudBay Minerals (HBM.TO: Quote) said on Tuesday its third-quarter profit rose seven-fold, as higher gold prices and lower costs helped offset the impact of lower copper production and prices.
The Canadian miner said it earned C$20 million ($18.7 million), or 13 Canadian cents a share, in the quarter ended Sept. 30. That compared with a profit of C$2.8 million, or 2 Canadian cents a share, in the year-before period, when its results were hurt by a C$27 million impairment charge.
Analysts polled by Thomson Reuters I/B/E/S had expected, on average, a profit of 12 Canadian cents per share.
Revenue fell 21% to C$194.6 million, as realized copper prices declined 24% and output fell 25%. Zinc production slid 8.3% while prices were flat year-on-year.
Gold production declined 15% but sales of the metal increased, and the realized price climbed 9.4%.
Unit operating costs declined due to the closure of the Chisel North mine in Manitoba and the Balmat mine in New York state, which were shut late last year and early this year due to low zinc prices.
However, HudBay, whose base of operations is the Canadian province of Manitoba, said last week it plans to restart Chisel North in early 2010.
HudBay's main development assets are the Fenix nickel property in Guatemala and the Lalor zinc and gold deposit in Manitoba, which has produced strong drilling results in the past two months that have driven the company's shares higher.
($1=$1.07 Canadian) (Reporting by Cameron French
Hudbay Minerals IN C (TSE:HBM)fiat(CAD) $ 15.73 UP $1.31 (+9.08%
Bid 15.71
Ask 15.73
Volume 1,669,958
Day's Range 14.57 - 15.94
Last Trade 11:49:55 AM EST
Click for Detailed Quote Page
Surging gold, lower costs help Hudbay grow profits seven-fold
The miner posted strong earnings numbers despite a 21% drop in revenue
Posted: Wednesday , 04 Nov 2009
TORONTO (Reuters) -
HudBay Minerals (HBM.TO: Quote) said on Tuesday its third-quarter profit rose seven-fold, as higher gold prices and lower costs helped offset the impact of lower copper production and prices.
The Canadian miner said it earned C$20 million ($18.7 million), or 13 Canadian cents a share, in the quarter ended Sept. 30. That compared with a profit of C$2.8 million, or 2 Canadian cents a share, in the year-before period, when its results were hurt by a C$27 million impairment charge.
Analysts polled by Thomson Reuters I/B/E/S had expected, on average, a profit of 12 Canadian cents per share.
Revenue fell 21% to C$194.6 million, as realized copper prices declined 24% and output fell 25%. Zinc production slid 8.3% while prices were flat year-on-year.
Gold production declined 15% but sales of the metal increased, and the realized price climbed 9.4%.
Unit operating costs declined due to the closure of the Chisel North mine in Manitoba and the Balmat mine in New York state, which were shut late last year and early this year due to low zinc prices.
However, HudBay, whose base of operations is the Canadian province of Manitoba, said last week it plans to restart Chisel North in early 2010.
HudBay's main development assets are the Fenix nickel property in Guatemala and the Lalor zinc and gold deposit in Manitoba, which has produced strong drilling results in the past two months that have driven the company's shares higher.
($1=$1.07 Canadian) (Reporting by Cameron French
© Thomson Reuters 2009 All rights reserved
Hudbay Minerals IN C (TSE:HBM)
Last Price (CAD)
$ 14.66
Change
▼ -0.16 (-1.08%)
Bid 14.61
Ask 14.66
Volume 1,662,535
Day's Range 14.56 - 14.98
Last Trade 4:10:00 PM EDT
Click for Detailed Quote Page
Hudbay Minerals IN C (TSE:HBM)
Last Price (CAD)
$ 13.31
Change 0.53 (4.15%
Bid 13.31
Ask 13.33
Volume 1,988,223
Day's Range 12.92 - 13.35
Last Trade 4:10:01 PM EDT
Click for Detailed Quote Page
Yeah I been totally unnerved by this move. Outa the blue
Hudbay Minerals IN C (TSE:HBM)fiat(CAD)$12.98 UP $1.59 (+13.96%
Bid 12.98
Ask 12.99
Volume 4,709,325
Day's Range 11.12 - 12.99
Last Trade 4:15:01 PM EDT
Click for Detailed Quote Page
Regardez vous this has a real rev H+S that will measure to 10 plus soon
Hudbay Minerals IN C (TSE:HBM)
Last Price (CAD)
$ 8.9
Change
▲ 0.21 (2.42%
Bid 8.89
Ask 8.90
Volume 348,989
Day's Range 8.82 - 8.95
Last Trade 11:07:35 AM EDT
Click for Detailed Quote Page
Hudbay Minerals IN C (TSE:HBM)
Last Price (CAD)
$ 8.75
Change
▲ 0.19 (2.22%)
Bid 8.66
Ask 8.75
Volume 469,892
Day's Range 8.59 - 8.75
Last Trade 5:40:01 PM EDT
Click for Detailed Quote Page
Hudbay Minerals IN C (TSE:HBM)
Last Price (CAD)
$ 8.14
Change
▲ 0.06 (0.74%)
Bid 8.13
Ask 8.14
Volume 524,142
Day's Range 7.86 - 8.22
Last Trade 5:40:01 PM EDT
Click for Detailed Quote Page
Regardez vous this has a real rev H+S that will measure to 10 plus soon
HBM is now breaking out due to happy base metal breakout.
Hudbay Minerals IN Com Npv (TSE:HBM)
Last Price (CAD)
$ 8.2
Change
▲ 0.18 (2.24%)
Bid 8.16
Ask 8.21
Volume 1,685,940
Day's Range 8.14 - 8.48
Click for Detailed Quote Page
Last Trade:15:59:55 EDT Jun-1-09
Hudbay Minerals IN Com Npv (TSE:HBM)
Last Price (CAD)
$ 7.93
Change
▲ 0.43 (5.73%)
Bid 7.91
Ask 7.92
Volume 1,299,765
Day's Range 7.52 - 7.99
Click for Detailed Quote Page
Last Trade:12:31:30 EDT May-27-09
Hudbay Minerals IN Com Npv (TSE:HBM)
Last Price (CAD)
$ 7.69
Change
▼ -0.42 (-5.18%)
Bid 7.68
Ask 7.70
Volume 1,659,531
Day's Range 7.68 - 8.18
Click for Detailed Quote Page
Last Trade:16:12:00 EDT May-12-09
Hudbay Minerals IN Com Npv (TSE:HBM)
Last Price (CAD)
$ 6.0
Change
▲ 0.06 (1.01%)
Bid 5.94
Ask 6.00
Volume 1,151,138
Day's Range 5.64 - 6.08
Click for Detailed Quote Page
Last Trade:16:00:00 EDT Mar-12-09
Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD) $5.87
Change UP $0.15 (+2.62%)
Bid 5.87
Ask 5.88
Volume 968,923
Day's Range 5.72 - 6.08
Click for Detailed Quote Page
Last Trade:12:18:27 EDT Mar-10-09
Copper short positions declining -
Posted: March 09, 2009, 11:30 AM by Peter Koven
Mining, shorts, copper
Blackmont Capital analyst George Topping has identified one potential bullish signal for copper — a decline in non-commercial (or investment) short positions.
As of March 3, there was a net short position of copper contracts on the NYMEX of 24,900. That is down nearly 10% from the end of February, when there was a net short position of 27,300 contracts, or about 680 million pounds of copper. Copper prices also rallied last week as inventories were drawn down.
"We expect the NYMEX short positions to continue to fall as holders become less sure of their positions," Mr. Topping wrote in a note to clients.
"A temporary copper price rally can result if speculators rush en masse to cover their shorts."
He recommended low-risk exposure to copper through Capstone Mining Corp., HudBay Minerals Inc., and Freeport-McMoran Copper & Gold Inc.
Peter Koven
Hudbay Minerals IN Com Npv (TSE:HBM)
Last Price (CAD)
$ 5.65
Change
▼ -0.03 (-0.53%)
Bid 5.63
Ask 5.70
Volume 866,702
Day's Range 5.54 - 5.85
Click for Detailed Quote Page
Last Trade:17:40:01 EST Mar-6-09
Hudbay Minerals IN Com Npv (TSE:HBM)
Last Price (CAD)
$ 5.25
Change
▼ -0.10 (-1.87%)
Bid 5.25
Ask 5.26
Volume 300,278
Day's Range 5.20 - 5.27
Click for Detailed Quote Page
Last Trade:11:05:25 EST Feb-17-09
NYB, over and out for a while, duty calls. Will be out of touch for a while. Best to you!
Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD)$5.42 UP #0.19 (+3.63%)
Bid 5.38
Ask 5.43
Volume 1,520,175
Day's Range 5.18 - 5.46
Click for Detailed Quote Page
Last Trade:17:40:01 EST Feb-6-09
Goodbye 4's, here we go 5's
ChicagoIllinois thanks, check this one out when you have
dd..a minute -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35390998
Have a good weekend
Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD)$5.2 $0.45 (+9.47%)
Bid 5.20
Ask 5.22
Volume 1,724,837
Day's Range 4.75 - 5.35
Click for Detailed Quote Page
Last Trade:15:06:33 EST Feb-5-09
Goodbye 4's, here we go 5's.....
Canadian Gold Price $1125.74/oz at an All Time High -
http://www.ivarkreuger.com/metalcharts.htm
Now that Gold is settling over CAN$1.100 -
it will be interesting to see how the Metals -
and this stock will act.
I'm going to let my shares ride.
It will not be long before the base metals -
following the Mother AuGold
http://investorshub.advfn.com/boards/board.aspx?board_id=7206
Goodbye 4's, here we go 5's.....
NYB, check this one out when you have a minute
http://investorshub.advfn.com/boards/board.aspx?board_id=4400
Good news, let's get this out of the way!!!
HudBay Minerals Announces That Unions Ratify Collective Agreements
http://finance.yahoo.com/news/HudBay-Minerals-Announces-iw-14243640.html
Canadian Gold Price $1139.78/oz at an All Time High -
http://www.ivarkreuger.com/metalcharts.htm
Now that Gold is settling over $900 -
it will be interesting to see how the Metals -
and this stock will act.
I'm going to let my shares ride.
I may not be around to watch it but heck
it's only profit riding now.
It will not be long before the base metals -
following the Mother AuGold
http://investorshub.advfn.com/boards/board.aspx?board_id=7206
Now that Gold is settling over $900 it will be interesting to see how the Metals and this stock will act. I'm going to let my shares ride. I may not be around to watch it but heck it's only profit riding now.
Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD)$4.94 UP $0.33 (+7.16%)
Bid 4.94
Ask 4.95
Volume 1,313,650
Day's Range 4.57 - 5.10
Click for Detailed Quote Page
Last Trade:14:20:28 EST Jan-27-09
Sweet action by this stock lately!
http://investorshub.advfn.com/boards/board.aspx?board_id=7206
Sweet action by this stock lately!
Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD) $4.37 UP $0.84 (+23.80%)
Bid 4.37
Ask 4.39
Volume 13,675,837
Day's Range 4.17 - 4.60
Click for Detailed Quote Page
Last Trade:17:40:01 EST Jan-23-09
GFY - ChicagoIllinois -
btw. got a gold bargain -
a mining show this weekend -
http://investorshub.advfn.com/boards/board.aspx?board_id=2205
http://investorshub.advfn.com/boards/board.aspx?board_id=8158
http://investorshub.advfn.com/boards/board.aspx?board_id=7237
Vancouver Resource Investment Conference
Vancouver, British Columbia, Canada
Sunday-Monday, January 25-26, 2008
http://www.cambridgeconferences.com/ch_jan2009.html
God Bless
NYBob, I just cashed in my original entry. I'll let the profits ride for a while.
Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD)$3.61 UP $0.02 (+0.56%)
Bid 3.60
Ask 3.61
Volume 1,920,374
Day's Range 3.40 - 3.65
Click for Detailed Quote Page
Last Trade:14:12:07 EST Jan-20-09
btw.
a mining show this weekend -
http://investorshub.advfn.com/boards/board.aspx?board_id=2205
Vancouver Resource Investment Conference
Vancouver, British Columbia, Canada
Sunday-Monday, January 25-26, 2008
http://www.cambridgeconferences.com/ch_jan2009.html
God Bless
ChicagoIllinois thanks, Hudbay Minerals IN Com Npv (TSE:HBM)Last Price (CAD) $ 3.44
Change + $0.25 (+7.84%)
Bid 3.42
Ask 3.45
Volume 1,654,029
Day's Range 3.20 - 3.44
Click for Detailed Quote Page
Last Trade:14:32:47 EST Jan-15-09
HBM looking much stronger today -
NYBob, Good luck with your investment in HudBay. I finally took the plunge and got into it yesterday and today. For me it's a gamble as I won't be here to watch it as I'll be away for a while. There's risk or reward potential here so I only put in "gambling money".
Best of luck to us!
Ot. did you see 2p bargain? -
http://investorshub.advfn.com/boards/board.aspx?board_id=8158
Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD)$3.64
Change
▼ -0.16 (-4.21%)
Bid 3.63
Ask 3.64
Volume 2,717,703
Day's Range 3.64 - 3.82
Click for Detailed Quote Page
Last Trade:15:59:42 EST Jan-8-09
Pat Robertson: God says U.S. will accept socialism -
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=85243
OT..btw..
Got Gold CRN -
one of Canada, BC large gold mines..dd..
http://www.crosslakeminerals.com/s/Home.asp
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34562758
--
we had the "Tech Bubble" with lots of margin debt,
then the "Real Estate Bubble" with easy lending,
now the "Treasury Bubble".
How about the "Obama Bubble" with Trillion Dollar Deficit
Spending Inflation -
How does this relate to gold? -
It drives up the price! -
God Bless
NYBob, Good luck with your investment in HudBay. I finally took the plunge and got into it yesterday and today. For me it's a gamble as I won't be here to watch it as I'll be away for a while. There's risk or reward potential here so I only put in "gambling money".
Best of luck to us!
...and the plot thickens.....
http://biz.yahoo.com/iw/081230/0463144.html
Up 10%, nice to know this one is still following the Metals stocks despite the uncertainties of the Lundin deal.
Thanks NYBob, now let's see what Jaguar Financial's next move will be!
HudBay Announces Lundin Mining's Receipt of Interim Order -
Monday December 22, 5:42 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Dec 22, 2008 --
HudBay Minerals Inc. -
(Toronto:HBM.TO - News) ("HudBay") today announced that
Lundin Mining Corporation -
(Toronto:LUN.TO - News)(NYSE:LMC - News)(OMX: LUMI)
("Lundin Mining") has obtained an interim order from
the Ontario Superior Court of Justice (Commercial List)
approving various matters in connection with the special
meeting of Lundin Mining shareholders to consider
the proposed arrangement transaction with HudBay.
Lundin Mining's -
special meeting of shareholders will be held at the Imperial Room at The Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario, M5J 1E3, on Monday, January 26, 2009 at 10:00 a.m. (Toronto time). Lundin Mining has advised HudBay that, if the proposed arrangement transaction is approved at the special meeting, a final hearing concerning the arrangement will be sought from the Court on or about January 28, 2009. Assuming all other conditions are satisfied or waived, the arrangement is currently expected to close on or about January 28, 2009.
ABOUT HUDBAY MINERALS INC.
HudBay is a leading base metals mining company with assets in North and Central America. The company is investing for the future in one of the most ambitious exploration programs in Canada, targeting its 400,000 hectare exploration territory in the Flin Flon Greenstone Belt. An integrated mining company, HudBay operates zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, a zinc oxide production facility in Ontario, the White Pine Copper Refinery in Michigan, and owns the Fenix nickel project in Guatemala. In addition to its primary products, the company also produces gold, silver and zinc oxide. HudBay is a member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, information concerning the proposed business combination between HudBay and Lundin and matters relating thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based include, without limitation, that the shareholders of Lundin will approve the Transaction, that all required third party, court, regulatory and governmental approvals to the Transaction will be obtained and all other conditions to completion of the Transaction will be satisfied or waived.
Many of these assumptions are based on factors and events that are not within the control of HudBay and Lundin and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include changes in market conditions, variations in ore grade or recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed in the Annual Information Form for the year ended December 31, 2007 for each of HudBay and Lundin available at www.sedar.com, and the Annual Report on Form 40-F for the year ended December 31, 2007 of Lundin available at www.sec.gov. Although HudBay and Lundin have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. HudBay and Lundin undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
(HBM-T)
Contact:
Contacts:
HudBay Minerals Inc.
Annemarie Brissenden
Manager, Investor Relations
(416) 362-0615
Email: annemarie.brissenden@hudbayminerals.com
Website: http://www.hudbayminerals.com
Source: HudBay Minerals Inc.
http://biz.yahoo.com/iw/081222/0462467.html
God Bless
To 'ChicagoIllinois' on 'HudBay Minerals' thanks,
am a LT shareholder in both comp., -
know the management in Lundin's -
very knowledgeable and wise -
they will be a great asset for HBM -
they will be on the board -
held shares in South Atlantic and it
changed it name to Lundins many years ago -
when Adolf wanted the first million etc.
the broker called -
and asked who is Adolf Lundin -
was invited to the meeting next day but
had no time traded a lot of future contracts -
broker called the day after and
Adolf walked out with a check -
more than a million -
a lot of money at that time -
think Vic Albioni will lose this one -
soon HBM will start to trade on Sthlms exch. -
in Sweden etc. the EURO old rich money people
plus Swiss investors will get in -
the HBM to new highs -
Lundins are the popular in EURO,
Russia etc. - the Ludde group knows how to
get it to the Stars -
take care -
God Bless
Thanks! This is the part I was most interested in.
There are those that disagree, chief among them corporate raider Vic Albioni of Toronto-based Jaguar Financial Corp. He's still confident that he can take over HudBay's board and quash the merger. Albioni maintains that all the major shareholders he speaks with are opposed to buying Lundin in the middle of a bear market. "I believe this deal will get cancelled or altered before it sees daylight," Albioni said.
Yeah, I saw that. Hudbay management is doing what they wanted to do and what they said they were going to do. I'm just curious as to whether or not Jaguar will put up with it.
HudBay Reports Progress in Lundin Acquisition -
Thursday December 11, 9:28 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Dec 11, 2008 --
HudBay Minerals Inc. -
(Toronto:HBM.TO - News) ("HudBay") continues to take steps
to advance its acquisition of
Lundin Mining Corporation -
(Toronto:LUN.TO - News)(NYSE:LMC - News)(OMX: LUMI) ("Lundin").
TSX CONDITIONAL APPROVAL
HudBay received conditional approval on December 10, 2008
from the Toronto Stock Exchange (the "TSX") with respect
to the HudBay shares that will be issued as consideration
in connection with the acquisition of the Lundin shares.
Final approval of the listing of HudBay shares is subject
to the ordinary conditions of the TSX for transactions
of this nature and does not require the approval of
the shareholders of HudBay.
ADDITIONAL STOCK EXCHANGE LISTINGS AND PROGRESS ON PRIVATE PLACEMENT
Consistent with its positioning as a new Canadian leader
in global mining, HudBay has decided to pursue a listing
on a U.S. stock exchange, and is considering listing on
the OMX in Stockholm.
Although HudBay and its shareholders continue to be
well-served by the company's TSX listing, the
company believes additional listings will enhance
liquidity as HudBay grows and better meet the needs
of its international investors.
HudBay expects to complete a listing on a U.S. exchange
in conjunction with the closing of
the Lundin transaction.
Because HudBay has elected to pursue a U.S. listing,
the previously announced private placement may now
be completed in accordance with applicable
U.S. federal securities laws.
As a result, the company intends to close the private
placement in accordance with HudBay's obligations under
its subscription agreement with Lundin, and acquire
96,997,492 common shares of Lundin at a price of
Cdn. $1.40 per share, representing a 19.9% interest
in Lundin.
Accordingly, the previously contemplated loan
transaction with Lundin is no longer necessary.
RESPONSE TO REQUISITIONS FOR SHAREHOLDER MEETING
After carefully considering the requisitions of
Jaguar Financial Corp. -
and another party requesting a shareholder meeting and
after receiving the advice of legal counsel, HudBay's
board of directors has determined that the requisitions
are not valid as they do not satisfy the requirements
of Section 143(1) of the Canada Business Corporations Act
since their signatories were not registered holders of
any shares of HudBay at the time of the request.
HudBay's board of directors confirms that it will call
a meeting of shareholders in accordance with the
provisions of the Canada Business Corporations Act
upon receipt of a valid requisition.
HudBay remains committed to completing the acquisition,
which will provide the company's shareholders
with outstanding producing assets in stable jurisdictions
and excellent development opportunities while preserving
superior balance sheet strength and providing
strong cash flow.
HudBay encourages shareholders to refer to the websites of HudBay
( http://www.hudbayminerals.com )
and Lundin
( http://www.lundinmining.com )
for accurate, factual information about their
respective operations and the proposed acquisition of Lundin.
ABOUT HUDBAY MINERALS INC.
HudBay is a leading base metals mining company with assets in North and Central America. The company is investing for the future in one of the most ambitious exploration programs in Canada, targeting its 400,000 hectare exploration territory in the Flin Flon Greenstone Belt. An integrated mining company, HudBay operates zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, a zinc oxide production facility in Ontario, the White Pine Copper Refinery in Michigan, and owns the Fenix nickel project in Guatemala. In addition to its primary products, the Company also produces gold, silver and zinc oxide. HudBay is a member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, information concerning the proposed business combination between HudBay and Lundin and matters relating thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based include, without limitation, that the shareholders of Lundin will approve the Transaction, that all required third party, court, regulatory and governmental approvals to the Transaction will be obtained and all other conditions to completion of the Transaction will be satisfied or waived.
Many of these assumptions are based on factors and events that are not within the control of HudBay and Lundin and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include changes in market conditions, variations in ore grade or recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, the business of the companies not being integrated successfully or such integration proving more difficult, time consuming or costly than expected as well as those risk factors discussed in the Annual Information Form for the year ended December 31, 2007 for each of HudBay and Lundin available at www.sedar.com, and the Annual Report on Form 40-F for the year ended December 31, 2007 of Lundin available at www.sec.gov. Although HudBay and Lundin have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. HudBay and Lundin undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
(HBM-G)
Contact:
Contacts:
HudBay Minerals Inc.
Annemarie Brissenden
Manager, Investor Relations
(416) 362-0615
Email: annemarie.brissenden@hudbayminerals.com
Website:
http://www.hudbayminerals.com
Source: HudBay Minerals Inc.
http://ca.us.biz.yahoo.com/iw/081211/0459712.html
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NYBob, what do you think, you think Jaguar will allow the Lundin deal to go through?
LUNDIN MINING CORP(NYSE: LMC)fiat$: 0.86 Up $0.21 (+32.31%)
Trade Time: Nov 26
Change: Up 0.21 (32.31%)
Prev Close: 0.65
Open: 0.68
Bid: N/A
Ask: N/A
1y Target Est: 6.62
Day's Range: 0.65 - 0.91
52wk Range: 0.64 - 10.23
Volume: 1,883,446
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33834317
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UPDATE 4-HudBay agrees to buy Lundin Mining, shares plunge -
http://www.reuters.com/article/marketsNews/idCAN2148511620081121?rpc=44
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Hudbay Minerals IN Com Npv (TSE:HBM)fiat(CAD) $ 5.82
Change
▼ -0.18 (-3.00%)
Bid 5.81
Ask 5.82
Volume 903,272
Day's Range 5.80 - 6.45
Click for Detailed Quote Page
Last Trade:15:59:23 EST Nov-10-08
dd....
http://www.hudbayminerals.com/index.php
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