Base metals producer Hudbay Minerals has narrowed its first-quarter net loss to $2.3-million, or $0.01 a share, thanks in part to rising copper and zinc prices, but offset by lower copper sales volumes, as a shipping delay impacted earnings results.
Toronto-based Hudbay reported operating cash flow, before change in non-cash working capital, increased to $80.6-million, as compared with $71.9-million in the first quarter of 2016, mainly because of higher copper and zinc prices, partially offset by lower copper sales volumes.
