Hudbay Minerals Inc【HBM】株式ニュース

Copper Conference please, tell me more about your opinions about ex. HUDBAY, IVN and NCU -
TIA

$Bountiful_Harvest thanks; Nevada Copper Corp (NEVDF)

RE: I definitely think copper should be part of everyone's portfolio.
I appreciate your DD, NYBob.

https://www.kitco.com/commentaries/2021-06-08/Is-copper-the-new-golden-child-of-the-metals-group.html

Silver, Copper and Gold...

Note...Ex. This IVN vs. NCU

"Kamoa-Kakula Copper Mine is powered by clean, renewable hydro-generated electricity."

Climate change is causing Kariba to dry up

The world’s largest man-made reservoir, that of the Kariba Dam –
which has provided electricity to Zambia and Zimbabwe for over five
decades – hasn’t been spared by the droughts.

According to the Zambezi River Authority (ZRA), in recent months the
inflows of water from the Zambezi River that feed it have dwindled
to a third compared to a year ago.

Renewable IF climate change drought doesn't disrupt food production or
cyclones destroy transportation infrastructure

February 11, 2011 - Cyclone Bingiza emerged into the Mozambique Channel after crossing northern Madagascar.
January 17, 2012 - Subtropical Depression Dando struck southern Mozambique
January 21, 2012 - Cyclone Funso
March 2012 - Tropical Storm Irina
February 2013 - Cyclone Haruna
January 2014 -
March 26, 2014 - Cyclone Hellen formed near the northeast coast of Mozambique, bringing rainfall to the region.
April 27, 2016 - The remnants of Cyclone Fantala produced flooding in Tanzania that killed eight people.
February 15, 2017 - Cyclone Dineo struck central Mozambique, causing flooding that extended into Zimbabwe and Malawi. Dineo killed 271 people and caused over US$200 million in damage.
January 14, 2018 - A tropical depression formed over Mozambique.
January 17, 2019 - A tropical low formed over Mozambique and later intensified into Tropical Storm Desmond in the Mozambique Channel.
March 4, 2019 - A tropical depression moved ashore Mozambique, and later moved into the Mozambique Channel, strengthening into Cyclone Idai. The intense tropical cyclone made landfall near Beira. The cyclone killed 1,000 people.
April 25, 2019 - Cyclone Kenneth became the strongest tropical cyclone on record to strike Mozambique, when it moved ashore just north of Pemba. The JTWC estimated landfall winds of 220 km/h (140 mph). Kenneth killed 45 people in Mozambique, less than two months after Idai's deadly trek through the region.[12][13][14]Climate change is causing Kariba to dry up
by bogfit

----

$NEVADA COPPER | Pumpkin Hollow, 2 Mines Loaded with Copper
712 views•Premiered May 26, 2021

BUILDING THE NEXT MID-TIER COPPER PRODUCER

Nevada Copper (TSX:NCU) is a US copper producer and owner of
Pumpkin Hollow, which hosts an underground project that is
now in production, and an open pit development.

The property is located in Nevada (USA) – rated by
The Fraser Institute as the World #1 mining jurisdiction.

The processing facility commenced production in December, 2019,
using development ore stockpiled during construction of
the underground mine.

The project benefits from a straightforward approach to production,
together with a desert climate and local topography that
facilitates efficient, eco-friendly mining techniques.

In addition, the local district of Yerington is a former copper-
producing region with superb infrastructure and
a skilled workforce.

The project’s substantial reserves and resources include copper, gold
and silver and there is clear potential for deposit expansion and
greenfield exploration.

https://www.youtube.com/watch?v=vIEmMHVZefA&t=62s

Nevada Copper: (TSX: NCU | OTC: NEVDF)
Website:

http://www.nevadacopper.com

Corporate Presentation:

https://nevadacopper.com/investors/presentations/

$Nevada Copper Corp (NEVDF) Building A New US Copper District -

https://investors.nevadacopper.com/alerts/?utm_campaign=core_ld_remark&utm_source=google&utm_medium=display&utm_content=r1&gclid=EAIaIQobChMIrrnh_e7o8AIVpOdbCh25JQRJEAEYASAAEgIIpfD_BwE

$Nevada Copper mines first stope at Pumpkin Hollow
Posted by Paul Moore on 18th May 2021

There were significant improvements made to the processing plant
performance and recoveries during the quarter.

The company achieved a weekly average of 4,700 t/d and a maximum
daily milling throughput of 5,000 t/d during March, while batch
processing ore.

119,000 t of ore were processed through the concentrator in Q1.

Approximately 3,173 t of concentrate was produced at a 24% average
copper grade for Q1 and reaching 26% average copper grade in March.

Recoveries improved from 82% in Q4 2020, to recovery levels above 90%
in 2021.

“I am pleased with the progress achieved in Q1 at our underground mine
and the dedication of our team,” stated Mike Ciricillo, Chief Executive
Officer of Nevada Copper.

“The operation made significant progress through the ramp-up during the
first quarter, and we look forward to the interim milestone of
production rates of 3,000 tpd expected in June, 2021 and continuing our
ramp-up to steady state production.”

https://im-mining.com/2021/05/18/nevada-copper-mines-first-stope-pumpkin-hollow/

Copper rebounds despite China trying to control

https://www.mining.com/copper-price-rebounds-demand-signals-are-still-firing-on-all-cylinders-td-securities/

Nevada Copper Corp (NCU)(NEVDF) NCU.C Analysis -

http://www.stockta.com/cgi-bin/analysis.pl?symb=NCU.C&cobrand=&mode=stock

silver_bars thanks; NvCu might start seeing a premium build up soon ...
as Chile is the #1 Copper producer in the world ....

https://www.zerohedge.com/commodities/worlds-largest-lithium-producer-crashes-10-chilean-political-storm

Growing uncertainty in Chile/Peru make Nevada Copper strategically more
important ... a hard left turn from the govts of Chile/Peru should be
very good for NvCu ....

https://www.gata.org/node/21160

https://www.reuters.com/world/americas/worlds-top-copper-region-political-risk-rises-2021-05-17/

$Nevada Copper Corp (NCU.TO)

BARCHART OPINION

https://www.barchart.com/stocks/quotes/NCU.TO/opinion

$Nevada Copper Corp. starting Cu-Bull Run has just started but
it's a long hike back UP, imo!

NvCu might start seeing a premium build up soon ... as Chile is the #1 Copper producer in the world ....

https://www.zerohedge.com/commodities/worlds-largest-lithium-producer-crashes-10-chilean-political-storm

Quote:
Growing uncertainty in Chile/Peru make Nevada Copper strategically more important ... a hard left turn from the govts of Chile/Peru should be very good for NvCu ....

https://www.gata.org/node/21160

https://www.reuters.com/world/americas/worlds-top-copper-region-political-risk-rises-2021-05-17/

$bigone thanks; Copper expected to rise to record highs later this year
433 views•May 7, 2021

https://www.youtube.com/watch?v=BWkn07W7G1M

$Is there a buyers on the horizon )

It’s a perfect setup...

The reality is that the future looks pretty bright for
Nevada Copper Corp (NEVDF) or Hudbay with large copper properties
beside each other =

Likely profitable going forward and holding some excellent properties
in stable jurisdictions.

It is a perfect time for Barrick or ? to make a play for Nevada Copper
or/and Hudbay.
Ex...
Barrick has publicly stated that they are looking for a copper play.

Maybe soon to moon )

Russia elite billionaire taken large position with great future
foresight -

$China, Peru, and the copper bull market
12,351 views•May 8, 2021

https://www.youtube.com/watch?v=NGDmrKktevg

$Lucky NCU is only now bringing up High-Grade ore

We will now be selling high grade at these kind of prices
instead of the $2.75 or something that the original hedging
was done at.

)

$4.7570 +0.0398 +0.84%
21:44:03 - Real-time derived data. Currency in USD ( Disclaimer )

$Remember 65,000,000 pounds of copper per year soon to be burbing up
from the underground mine alone... U can do the math.
by Notgnu

$What’s Behind Surging Copper Prices?
3,186 views•May 11, 2021

https://www.youtube.com/watch?v=Uc9KfIPzp5A

Record High Metal Prices - Copper and Steel Demand Surge
417 views•May 9, 2021

https://www.youtube.com/watch?v=7qXSHwcUYQc

$Nevada Copper Corp (NEVDF) Analyst; Copper to surge at
least seven-fold before this bull market is
over ..... )

https://www.kitco.com/news/2021-05-11/Copper-to-surge-at-least-seven-fold-before-this-bull-market-is-over-Goehring-Rozencwajg.html

$Copper price hits 10-year highs; where is it headed from here? –
Gary Wagner
21,717 views•Apr 26, 2021

https://www.youtube.com/watch?v=VOhe4hQmGrE

$Nevada Copper Corp (NEVDF) First New Source of Copper Supply in the US in a Decade Comes Online

Contributed Opinion - New Mill 5000 t/d it would take 10-20yrs for

someone else to get permits , construction development etc. -

NCU got it, made it and its a Mother Lode Cu-Au-Ag bargain today -

for fiat peanuts- slave currency IMO!

$nowwhat2 thanks; Copper outlook just became even stronger >>> maybe $20,000 !

https://www.cnbc.com/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html

$Copper's supply crunch will drive prices to $13,000 or even $20K - Bank of America

https://www.kitco.com/news/2021-05-05/Copper-s-supply-crunch-will-drive-prices-to-13-000-or-even-20K-Bank-of-America.html

$nw2 well it's long overdue for NEVDF to move to the Cu-BULL TOP -
to Ccpycat Ex...EXMGF's BULL-RUN - NEVDF MOVE UP ROCKET TO GOOOOOO )

$Nevada Copper Corp. starting Cu-Bull Run - We want it ROCKET Back UP
$6/sh++++ let's Move IT FLY NCU )

$Why has silver price not yet spiked from demand, but copper has? Lobo Tiggre
65,199 views•Apr 28, 2021

https://www.youtube.com/watch?v=6mgOPnZ1Vbc

$Nevada Copper Corp (NEVDF) RE: Converted to Canadian = $1.66 to $3.30 per share......

At $4.50 copper, 2.3 billion fully diluted shares and 70,000 TPD open
pit:

70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton
X 365 days per year = 225 million pounds plus 65 million pounds from
underground = 290 million pounds X ~ $2.50 profit = $725,000,000 free
cash-flow per year.

$0.725 billion p/year cash flow X5 multiple = $3.63 billion / 2.3 billion shares = $1.58 USD p/s

$0.725 billion p/year cash flow X6 multiple = $4.35 billion / 2.3 billion shares = $1.89 USD p/s

$0.725 billion p/year cash flow X7 multiple = $5.08 billion / 2.3 billion shares = $2.21 USD p/s

$0.725 billion p/year cash flow X8 multiple = $5.80 billion / 2.3 billion shares = $2.52 USD p/s

$0.725 billion p/year cash flow X9 multiple = $6.53 billion / 2.3 billion shares = $2.84 USD p/s

$0.725 billion p/year cash flow X10multiple =$7.25 billion / 2.3 billion shares = $3.15 USD p/s

$1.96 CAD to $3.91 CAD per share

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

$At $5.00 copper, 2.3 billion fully diluted shares and 70,000 TPD

70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton
X 365 days per year = 225 million pounds, plus 65 million pounds from
underground = 290 million pounds X ~ $3.00 profit = $870,000,000 free
cash-flow per year.

$0.87 billion p/year cash flow X5 multiple = $4.35 billion / 2.3 billion shares = $1.89 USD p/s

$0.87 billion p/year cash flow X6 multiple = $5.22 billion / 2.3 billion shares = $2.27 USD p/s

$0.87 billion p/year cash flow X7 multiple = $6.09 billion / 2.3 billion shares = $2.65 USD p/s

$0.87 billion p/year cash flow X8 multiple = $6.96 billion / 2.3 billion shares = $3.03 USD p/s

$0.87 billion p/year cash flow X9 multiple = $7.83 billion / 2.3 billion shares = $3.40 USD p/s

$0.87 billion p/year cash flow X10multiple =$8.70 billion / 2.3 billion shares = $3.78 USD p/s

$2.36 CAD to $4.72 CAD per share

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

$Current underground mine as a stand alone after ramp up:

65 million pounds per year x $2.44 ($4.30 - $1.86 = $2.44)

Free cash-flow of about $159 million USD per year at a conservative, low 5 X cash-flow multiple =

$793 million, divided by 1.8 billion shares = $0.44 USD = $0.55 CAD
by nozzpack

$Joecanada13 EnjoY Nevada Copper Mine; Ya big block buys going through - The new golden oil - Looks primed for another bull run ^^^^^ )

https://www.msn.com/en-us/money/markets/copper-is-the-new-oil-and-could-reach-15000-by-2025-as-the-world-transitions-to-clean-energy-goldman-sachs-says/ar-BB1fE8bx

https://www.cnbc.com/2021/04/14/goldman-says-copper-is-the-new-oil-raises-price-forecast.html

$Nevada Copper - Pumpkin Hollow Project Extract - will be the great new
copper, silver, gold mine - )

$Nevada Copper Provides Operations Update
April 21, 2021
View PDF
April 21, 2021 –

$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF)
(“Nevada Copper” or the “Company”) provides a project update for the
underground mine at its Pumpkin Hollow project (the “Underground
Project”).

https://nevadacopper.com/news/nevada-copper-provides-operations-update/

Performance Highlights

First Stopes to Be Mined

The first stope will be mined in the East South Alphabets zone this week.

$The Alphabets zone is expected to carry copper equivalent grade of
approximately 2.5%.

Ventilation Expansion

The electrical upgrades have been completed and the fan bulkhead is in
the final stages of construction for installation of the remaining
underground ventilation fans.
Two additional underground ventilation fans, as previously announced,
are on schedule for installation in May, which should enable further
increases in underground development rates.

The surface ventilation fans remain on schedule for installation in the
third quarter of 2021.

Lateral Development
Lateral development in March increased 69% from February after the
previously announced electrical upgrades were completed.

Lateral development early in the first quarter 2021 was slower than
anticipated due to cautious progress through a water bearing dike.
Progress continues with penetration through the dike.

$Continuing to Increase Mill Throughput Rates

While we are still batch processing ore through the mill, we achieved a
weekly average of 4,700 tons per day (“tpd”) and maximum daily milling
throughput of 5,000 tpd during March.

Concentrate grade continues to be achieved that comply with off-take
specifications.

Concentrate grade has continued to rise, with an average grade of 26%
achieved in March compared to 24% during January and February.

The Company is on schedule to reach steady-state production of
approximately 5,000 tpd in the third quarter of 2021.

“We are pleased with the progress achieved in Q1 despite the challenges
with lateral development and we look forward to the imminent blasting
of our first high grade stopes,” stated Mike Ciricillo, Chief Executive
Officer of Nevada Copper.

“As well as advancing our stope development, we look forward to further
increases in underground development rates as we move closer to steady-
state production in Q3 this year.”

Qualified Persons
The information and data in this news release was reviewed by
Greg French, C.P.G., and Norm Bisson, P. Eng.,
for Nevada Copper, who are non-independent Qualified Persons
within the meaning of NI 43-101.

About Nevada Copper

Nevada Copper (TSX: NCU) is a copper producer and owner of
The Pumpkin Hollow Copper Mine project -
Located in Nevada, USA,

$Pumpkin Hollow Mine has substantial reserves and
resources including copper, gold and silver.

Its two fully permitted projects include the high-grade underground mine
and processing facility, which is now in the production stage, and
a large-scale open pit project, which is advancing towards
feasibility status.

NEVADA COPPER CORP.

http://www.nevadacopper.com

Mike Ciricillo, President and CEO

For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179

https://nevadacopper.com/news/nevada-copper-provides-operations-update/

https://nevadacopper.com/

$COPPER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO APRIL 2021) (CHART 1)

$Copper prices have indeed found bullish resolution, with copper prices in
the past two days rising to their highest level since February 25 –
the day that the yearly high was established.

With a strong fundamental backdrop, the technical picture looks promising
as well.
Copper prices are above their daily 5-, 8-, 13-, and 21-EMA envelope,
which is in bullish sequential order. Daily MACD

$Nevada copper very Undervalued, oversold @ a bargain -
the Cu investors have not discovered Nevada Copper yet -
its a great opportunity, imo! )
Ex....

$Interview with Stephen Gill, chairman of Nevada Copper

Maurice Jackson of Proven and Probable talks with
Stephen Gill, chairman
of Nevada Copper, who discusses his company's copper project,
where the underground mine is ramping up production and
the open pit is fully permitted.

https://www.streetwisereports.com/article/2021/04/13/first-new-source-of-copper-supply-in-a-decade-comes-online-in-us.html

https://www.mining.com/goldman-doubles-down-record-high-copper-price-within-a-year/

https://nevadacopper.com/news

https://investorshub.advfn.com/Nevada-Copper-Corp-NEVDF-32771/

http://ow.ly/Ir5Z50EnREY

Iorich, Vladimir
Ex...
https://www.celebritynetworth.com/richest-businessmen/richest-billionaires/vladimir-iorich-net-worth/

Ex. Iorich Vladimir bought in NCU for a much higher price and I am sure
he still will be doing very well on the LT longer term
Imo!

$Nevada Copper - Pumpkin Hollow Project Extract -

https://www.youtube.com/watch?v=fMZC65A7GPk

https://www.youtube.com/watch?v=rFw0OFaTHKs

https://nevadacopper.com/news

In GOD We Trust - Real Money -

https://www.kitco.com/images/live/silver.gif?0.8344882022363285

http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated

Hudbay Announces First Quarter 2021 Results
May$ 11, 2021
DOWNLOADPDF FORMAT (OPENS IN NEW WINDOW)
TORONTO, May 11, 2021 (GLOBE NEWSWIRE) --

$Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today
released its first quarter 2021 financial results. All amounts are in
U.S. dollars, unless otherwise noted.

First Quarter Operating and Financial Results

http://www.hudbay.com/investors/press-releases/press-release-details/2021/Hudbay-Announces-First-Quarter-2021-Results/default.aspx

Consolidated copper production in the first quarter was 24,553 tonnes at cash cost and sustaining cash cost1 per pound of copper produced, net of by-product credits, of $1.04 and $2.16, respectively.
Consolidated gold production in the first quarter was 35,500 ounces, a record for Hudbay.
Full year 2021 production and operating cost guidance reaffirmed; Pampacancha production commenced in April 2021, in line with guidance.

First quarter Manitoba copper production significantly increased from 2020 levels primarily due to higher grades at 777 and higher recoveries at the Flin Flon concentrator; sales volumes were impacted by the availability of railcars during the quarter with 5,000 tonnes of copper concentrate inventory in excess of normal operating levels, valued at approximately $18 million.

First quarter Peru sales impacted by a 10,000 tonne shipment of copper concentrate, valued at approximately $21 million, for which a payment was received but not recorded as revenue due to the timing of the shipment being delayed to early April.

Peru's production in the first quarter was impacted by increased ore hardness as well as a semi-annual scheduled plant shutdown in January.

First quarter net loss and loss per share were $60.1 million and $0.23, respectively. After adjusting for one-time financing charges mainly related to the redemption of the 2025 senior notes and a revaluation of the gold prepayment liability, first quarter adjusted net loss per sharei was $0.06. First quarter adjusted EBITDAi was $104.2 million.

Operating cash flow before change in non-cash working capital increased to $90.7 million in the first quarter of 2021, from $86.1 million in the fourth quarter of 2020 due to higher realized metal prices, offset by lower sales volumes.

Cash and cash equivalents decreased during the first quarter to $310.6 million, as at March 31, 2021, mainly as a result of $83.0 million of capital investments primarily for the New Britannia project and Pampacancha development activities, $50.8 million of interest payments and $31.0 million in net transaction and early redemption costs related to the refinancing of the company’s 2025 notes, partially offset by cash generated from operations.

Executing on Growth Initiatives

Announced three-year production guidance; consolidated copper and gold production are expected to increase by 36% and 125%2, respectively, by 2023 from 2020 levels as the company brings the Pampacancha and New Britannia growth projects into production.

Finalized the remaining land user agreement for Pampacancha in early April 2021.

This provided Hudbay with full access to the site to complete pit development and commence first ore production in late April, in line with timelines assumed in the company’s updated mine plan.

Total 2021 growth capital guidance for Peru has increased to $25 million to include the final land user costs.

New Britannia project continues to track ahead of the original schedule and is nearing completion, with approximately 82% of the project completed at the end of April; first gold production continues to be expected early in the third quarter and the new copper flotation facility remains on track for commissioning and ramp-up in the fourth quarter of 2021.

Announced a year-over-year increase to total mineral reserves of approximately 170,000 tonnes of contained copper and 360,000 ounces of contained gold, after adjusting for 2020 mining depletion.

Announced an updated Constancia mine plan resulting in an increase in average annual copper production to approximately 102,000 tonnes over the next eight years at an average cash cost of $1.18 per pound of copper produced, net of by-product credits.

Announced an updated Lalor and Snow Lake mine plan resulting in an increase in annual gold production to over 180,000 ounces during the first six years of New Britannia’s operation at an average cash cost of $412 per ounce of gold produced, net of by-product credits.

Announced a significant new discovery at the company’s Copper World properties adjacent to Rosemont on wholly-owned private land. Four deposits have been identified to date with a combined strike length of over five kilometres consisting of high-grade copper sulphide and oxide mineralization at shallow depth.

The follow-up 2021 exploration program has been expanded to further test the potential for additional mineralization, develop an initial inferred resource estimate and complete a preliminary economic assessment. As a result, Hudbay has increased its 2021 spending on Copper World by approximately $24 million.

Announced a preliminary economic assessment ("PEA") for the Mason copper project with a 27-year mine life and average annual copper production of approximately 140,000 tonnes over the first ten years of full production.

The PEA indicates an after-tax net present value3 of $519 million and approximately 14% internal rate of return at $3.10 per pound copper, which increases to $773 million and approximately 15%, respectively, at $3.25 per pound copper.

Issued $600.0 million of 4.5% senior notes due 2026 and redeemed all of the company’s outstanding $600.0 million of 7.625% senior notes due 2025, thereby reducing its annual cash interest payments.

On May 10, 2021, an amendment to the Constancia streaming agreement was signed with Wheaton Precious Metals ("Wheaton").

The amendment eliminates the requirement to deliver an additional 8,020 ounces of gold to Wheaton for not mining four million tonnes of ore from the Pampacancha deposit by June 30, 2021, while increasing the fixed gold recovery applied to Constancia ore processed during the reserve life of Pampacancha and introduces an additional potential future deposit of $4 million from Wheaton.

“Our operations remain on track to achieve full year production and unit cost guidance following a strong quarter of production at the Manitoba business unit and lower first quarter production in Peru as a result of planned mill maintenance,” said Peter Kukielski, President and Chief Executive Officer.

“We are very pleased to have commenced production at Pampacancha and we look forward to our first gold pour at the New Britannia mill, which remains on schedule for the third quarter.

We expect to begin to see increased cash flows from these high-return investments in the second half of 2021. We also expect to significantly advance our longer-term copper growth opportunities this year, including the Rosemont, Copper World and Mason projects.

We believe we will continue to leverage our exploration and development expertise to create significant value from our attractive organic growth pipeline at Hudbay.”

Summary of First Quarter Results

Consolidated copper production in the first quarter of 2021 was 24,553 tonnes, a 10% decrease from the fourth quarter of 2020, primarily as a result of lower mill throughput at Constancia due to a scheduled semi-annual mill maintenance shutdown, partially offset by higher copper grades at 777 and higher copper recoveries at the Flin Flon mill. Consolidated gold production increased by 10% compared to the fourth quarter of 2020 due to higher gold grades at 777, higher gold recoveries at the Flin Flon concentrator and higher gold grades at Constancia. Consolidated zinc production in the first quarter was 8% higher than the fourth quarter of 2020 due to higher zinc grades and throughput.

In the first quarter of 2021, consolidated cash cost per pound of copper produced, net of by-product creditsi, was $1.04, an increase compared to $0.43 in the fourth quarter due to lower copper production, higher operating costs and lower by-product credits. Incorporating cash sustaining capital, royalties, selling, administrative and regional costs, consolidated all-in sustaining cash cost per pound of copper produced, net of by-product creditsi, in the first quarter of 2021 was $2.37, which increased from $2.24 in the fourth quarter due to the same factors impacting cash costs, partially offset by lower cash sustaining capital.

Cash generated from operating activities in the first quarter of 2021 decreased to $51.8 million compared to $121.1 million in the fourth quarter of 2020, primarily as a result of changes in non-cash working capital and lower sales volumes. Operating cash flow before change in non-cash working capital was $90.7 million during the first quarter of 2021, reflecting a slight increase from $86.1 million in the fourth quarter. The increase in cash generated from operating activities is primarily the result of higher realized prices, offset by lower sales volumes during the quarter.

Net loss and loss per share in the first quarter of 2021 were $60.1 million and $0.23, respectively, compared to a net earnings and earnings per share of $7.4 million and $0.03, respectively, in the fourth quarter of 2020. First quarter earnings benefited from higher realized prices for all metals, which was offset by lower sales volumes of all metals due to the timing of sales in Peru and a buildup of copper concentrate in Manitoba caused by limited railcar availability. First quarter results included a $12.5 million non-cash gain on the revaluation of the gold prepayment liability but were negatively impacted by charges related to the refinancing of the 2025 senior notes, including a non-cash write off of $49.8 million connected with the exercise of the redemption option, a call premium payment of $22.9 million and a non-cash expense of unamortized transaction costs of $2.5 million in relation to the 2025 notes that were redeemed. A variable consideration adjustment to deferred gold and silver revenue resulted in a net increase to revenue of $1.6 million.

Adjusted net lossi and adjusted net loss per sharei in the first quarter of 2021 were $16.1 million and $0.06 per share after adjusting for the finance charges and the net mark-to-market loss on financial instruments, among other items. This compares to an adjusted net loss and adjusted net loss per share of $16.4 million and $0.06 per share in the fourth quarter of 2020. First quarter adjusted EBITDAi was $104.2 million, compared to $106.9 million in the fourth quarter of 2020.

First quarter Peru sales were impacted by a 10,000 tonne shipment of copper concentrate valued at approximately $21 million for which a payment was received but did not meet the revenue recognition criteria due to the delayed timing of the shipment into early April. First quarter Manitoba sales were impacted by a delay in accessing additional railcars after a strong copper production quarter resulting in approximately 5,000 tonnes of copper concentrate inventory in excess of normal operating levels, valued at approximately $18 million. Had both parcels of copper concentrate been sold during the first quarter, the company would have realized approximately $39 million of incremental revenue, assuming end of quarter commodity prices. The above quantities have been recognized as revenue in the second quarter of 2021. First quarter results were also negatively impacted by the realized copper price hedging of the company’s provisionally priced copper sales.

http://www.hudbay.com/investors/press-releases/press-release-details/2021/Hudbay-Announces-First-Quarter-2021-Results/default.aspx

In GOD We Trust - Real Money -

https://www.kitco.com/images/live/silver.gif?0.8344882022363285

http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA