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HudBay Minerals Inc.

10:08 AM EST - HudBay Minerals Inc. : said net profit fell 17 percent in the first quarter. The company said late on Wednesday it earned $63.1 million, or 50 cents per share, down from $76 million, or 89 cents per share, in the year-before period. Analysts polled by Reuters had expected, on average, earnings of 72 cents per share. HudBay Minerals Inc. shares T.HBM are trading off 71 cents at $25.70.