Hudbay stock on the move as sales, cash flows rise

April 29, 2016

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The TSX-listed stock of base metals producer Hudbay Minerals jumped as much as 17% on Friday to C$6.22 a share, following the company reporting strong sales growth despite lower metals prices during the March quarter.
The Toronto-based miner, with operations in Peru and Canada’s Manitoba province, reported a marginally smaller first-quarter net loss of $15.8-million, or $0.07 a share, as the company booked a $23-million interest expense that was no longer capitalised after its declaration of commercial production at the Constancia mine on April 30, 2015.

Category: General