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Hudbay upsizes bought-deal offering

23rd May 2024

By: Creamer Media Reporter

     

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Base metals company Hudbay Minerals has increased the size of its previously announced equity offering from $300-million to $350-million.

Underwriters will now buy 36.84-million shares at $9.50 each in the bought-deal offering.

Hudbay announced the initial offering on Tuesday, stating that it intended to use the funds raised to help fund near-term growth initiatives at its Copper Mountain unit, as well as for balance sheet flexibility and enhancements at the Constancia and New Britannia operations.

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Edited by Creamer Media Reporter

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