Previous Close | 6.93 |
Open | 6.98 |
Bid | 6.90 x 1200 |
Ask | 7.08 x 3100 |
Day's Range | 6.84 - 6.99 |
52 Week Range | 3.94 - 7.01 |
Volume | |
Avg. Volume | 1,933,336 |
Market Cap | 2.424B |
Beta (5Y Monthly) | 1.96 |
PE Ratio (TTM) | 31.41 |
EPS (TTM) | 0.22 |
Earnings Date | May 06, 2024 - May 10, 2024 |
Forward Dividend & Yield | 0.01 (0.21%) |
Ex-Dividend Date | Mar 04, 2024 |
1y Target Est | 7.55 |
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Canadian miner Hudbay Minerals said on Wednesday that Japanese trading house Marubeni will invest up to C$12 million ($8.90 million) across exploration activities at three of the miner's projects. Once the funding and some other obligations are met, the two firms could also form a joint venture under which Marubeni would gain 20% interest in the three mining projects located within trucking distance of Hudbay's processing facilities in Flin Flon, Manitoba, the company said. The agreement would allow Hudbay to explore its large Flin Flon land package to potentially bring another mine into production and utilize its idle processing infrastructure in the region, Hudbay CEO Peter Kukielski said.
Figure 1: Map of Three Projects Selected for the Option Agreement Hudbay has granted Marubeni an option to acquire a 20% interest in three projects located within trucking distance of Hudbay’s processing facilities in Flin Flon, Manitoba. The exploration activities will be funded by Marubeni and carried out by Hudbay. All three properties hold past producing mines that generated meaningful production with attractive grades of both base metals and precious metals. The properties remain highly pro