HudBay Minerals, Inc. Provides Production and Capital Expenditure Guidance for the Fiscal 2014
January 08, 2014 at 01:05 pm EST
HudBay Minerals, Inc. provided 2014 production guidance and capital expenditure forecasts. For the period, capital investment of approximately CAD 1,014 million, including CAD 904 million in growth initiatives. The company has budgeted exploration expenditures of CAD 20.4 million which is almost entirely devoted to brownfield opportunities near the company's existing deposits.
For the period, the company expects Copper in the range of 41,000-55,000 tonnes, Zinc in the range of 87,000-105,000 tonnes, Precious Metals in the range of 101,000-123,000 ounces.