Hudbay Minerals Inc.

10:26 AM EST - Hudbay Minerals Inc. : Has received the approved Mine Plan of Operations for the Rosemont project from the U.S. Forest Service. The issuance of the MPO is the final administrative step in the permitting process. Rosemont, located in Arizona, is one of the world’s best undeveloped copper projects delivering a 15.5% after-tax unlevered IRR at a copper price of $3.00 per pound based on the 2017 Feasibility Study published by Hudbay. Rosemont is expected to produce approximately 127,000 tonnes of copper annually at a cash cost of $1.14 per pound (net of by-product credits) over the first 10 years of operations. Hudbay Minerals Inc.
shares T.HBM are trading down $0.07 at $9.23.