The syndicate of underwriters included RBC Capital Markets and BMO Capital Markets as Joint Bookrunners, with CIBC Capital Markets, National Bank Financial, Scotiabank, and TD Securities as co-lead managers. The syndicate also comprised Barclays Capital, Canaccord Genuity, Bank of America Merrill Lynch, Cormark Securities, ING Bank, Haywood Securities, Raymond James, Stifel Nicolaus, Eight Capital, and Paradigm Capital as co-managers.
Hudbay intends to use the net proceeds from the offering to fund certain growth initiatives, including the acceleration of mine pre-stripping activities and mill optimization initiatives at Copper Mountain, evaluate mill throughput enhancement opportunities at Constancia (mining unit located in Peru) and New Britannia, support general corporate purposes, among others.
Hudbay Minerals Inc. is a copper-focused mining company with operations in Canada, Peru, and the United States, including the operation of the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Hudbay’s growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and expansion and exploration opportunities near its existing operations.
Counsel to Hudbay
Goodmans LLP
Kari MacKay (Partner), Laura Corridore (Partner), Jay Piett (Associate), Jacky Jesin Neuberger (Associate)
Rebaza, Alcázar & De Las Casas
Luis Miguel Elias (Partner), Josefina Arana (Senior Associate) and Fiorella Wismann (Senior Associate).