Business
Hudbay and Copper Mountain Combine to Create a Premier Americas-Focused Copper Producer
Hudbay and Copper Mountain Combine to Create a Premier Americas-Focused Copper Producer ...
About this update from Hudbay Minerals Inc
[{"type":"text","content":"\n \n \n \n Hudbay and Copper Mountain Combine to Create a Premier Americas-Focused Copper Producer\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Creates 150,000-tonnes-per-year copper producer with long-life mines and a world-class pipeline of organic copper growth projects\n \n \n \n \n \n \n Combined company creates the 3rd largest copper producer in\n \n Canada\n \n \n \n \n \n \n \n All-share combination based on strong industrial logic and compelling value for shareholders\n \n \n \n \n \n \n Complementary assets with opportunity to unlock\n \n US$30 million\n \n \n i\n \n per year in operating efficiencies and corporate synergies\n \n \n \n \n \n \n Repositions the combined company for a valuation re-rate as a larger, more diversified copper producer with enhanced liquidity\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 13, 2023\n \n \n /CNW/ -\n \n Hudbay Minerals Inc. (\"Hudbay\")\n \n (TSX: HBM) (NYSE: HBM)\n \n and Copper Mountain Mining Corporation (\"Copper Mountain\")\n \n (TSX: CMMC) (ASX: C6C) are pleased to announce that they have entered into a definitive agreement (the \"Arrangement Agreement\") pursuant to which Hudbay will acquire all of the issued and outstanding common shares of Copper Mountain, pursuant to a court approved plan of arrangement (the \"Transaction\").\n \n \n \n \n \n \n \n \n \n The Transaction will create a premier Americas-focused copper mining company that is well-positioned to deliver sustainable cash flows from an operating portfolio of three long-l...