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Hudbay Showed an Improved Financial Picture in the Last Quarter.

 

 

 Hudbay released its 4th quarter results yesterday.  They report a net profit of 99.7 million dollars compared to a net loss of 47.3 million in the 4th quarter of 2016.  Production of zinc, gold and silver in concentrate increased due to increased Snow Lake Lalor Mine throughput and higher zinc grades at Flin Flon’s Triple Seven Mine while copper production remained consistent.  President Alan Hair reflected on exploration plans for this year. He says last year’s strong cash flow generation coupled with the higher metal price environment has positioned them to pursue a more aggressive exploration program in 2018. He says their 2018 exploration budget of 50 million dollars is more than twice that of 2017 and spending will be focused on exploration near existing processing infrastructure in Manitoba and Peru and on grassroots exploration properties in Peru, Chile and British Columbia.

              Hair added one of their main focuses this year is delivering on their operating targets.

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