Hudbay Minerals's Profile

A Major In The Making Leading Base Metals Mining Company - Exploration, Mining, Metal Production and Sales

HudBay Minerals Inc, Toronto, Ontario, TSX : HBM; is a leading base metals mining company with assets in North and Central America.

HudBay’s main production platform is located in northern Manitoba and includes the 777 mine, the Trout Lake mine, a concentrator, copper smelter and zinc plant at Flin Flon Manitoba.

Near Snow Lake Manitoba, the Company operates the Chisel North mine and a concentrator.

The Manitoba operations have benefited from a $435 million capital expenditure completed in early 2005 to bring the 777 and Chisel North mines into operation and expand and modernize the metallurgical plants.

The Company also operates the Balmat zinc mine and concentrator in New York state.

In addition HudBay produces zinc oxide at its +Zochem facility in Brampton Ontario and produces copper cathode at its White Pine refinery in Michigan.

The company markets its metals and zinc oxide through an agency agreement with Considar Metal Marketing which is based in Toronto and is 50% owned by HudBay.

In 2009 HudBay is planning to spend $20.0 million on exploration and build on the 2008 $45.7 million program that delivered the Lalor Project, which the Company believes will develop into a significant new zinc and gold discovery in Canada.

Exploration targets in 2009 in the Flin Flon Greenstone Belt include drilling at the Lalor Project, structural re-iterpretations of mines and geophysical targets.

The Company is also exploring within operating mines, in an effort to once again expand mineral reserves and resources.

Competitive Strengths

  • Our team -- providing depth of expertise and experience in exploration, engineering, operations and management
  • Our properties -- access to some of the best mining exploration properties in the world for zinc and copper
  • Our operations -- a profitable and efficient integrated mining company, capable of producing strong cash flows Our finances -- balance sheet strength and flexibility to fund future growth opportunities for increasing shareholder value

Our Strategy

We are employing a disciplined growth strategy to leverage our strengths as a base metal mining company to produce long-term value for all our stakeholders – our people, our investors, our customers and the communities where we operate.

Our strategy highlights:

  • People -- fostering a culture of success grounded in a commitment to protecting the safety, health and welfare of our people
  • Exploration -- driving forward with activities to develop the growth potential within the Flin Flon Greenstone Belt and within our current operating mines
  • Business Development -- opportunistically pursuing investments to expand the scale and capabilities of our business
  • Optimization -- maximizing productivity and efficiency at all operations through innovation and continuous improvement
  • Responsibility – operating with best practices in environment, health and safety and by positively contributing to the economic and social well-being in communities where we operate.

In addition to its primary products, the Company also produces gold, silver and zinc oxide.

HudBay is a member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index.

Hudson Bay Exploration and Development (HBED)

  • Exceptional record of success in discovering mineral deposits
  • 100% wholly owned subsidiary of HBMS



Last changed at 10-Mar-2009 08:10AM by Highgrader

Management & Directors

  • Colin K. Benner

    Interim Chief Executive Officer

    Colin K. Benner, PEng, CEO

    Director of the company, has been appointed to the position of interim chief executive officer of HudBay, effective immediately.

    Mr. Benner is a professional mining engineer with over 40 years of experience in mining engineering and management in the Canadian and international mining industry including leadership roles at Lundin Mining Corporation, Breakwater Resources and EuroZinc Mining Corporation. Most recently Mr. Benner held the position of Vice Chairman and CEO of Skye Resources Inc. Mr. Benner also serves as a director on a number of boards of other mining companies.

  • M. Norman Anderson, P. Eng.

    Chairman and Independent Director

    Mr. Anderson has been involved in the mining industry for over 50 years and is the former Chairman and Chief Executive Officer of Cominco Ltd. Currently, Mr. Anderson is President of the management consulting firm of Anderson & Associates. He has been active in consulting, particularly due diligence consulting and evaluations for financial institutions and mining companies, since 1987. He holds a Bachelor of Science in Geological Engineering from the University of Manitoba in Winnipeg, Manitoba.

  • Michael D. Winship

    President and Chief Operating Officer

    Mr. Winship joined HudBay in September 2008 from PT Inco in Indonesia, where he held the position of Chief Operating Officer. He has been developing and operating mining complexes around the world for 30 years, and has experience in all phases of mining and processing activities. Intimately familiar with the production of base and precious metals, Mr. Winship has a Bachelor of Engineering (Mining) from McGill University.

  • David S. Bryson, CFA

    Vice President and Chief Financial Officer

    Mr. Bryson joined HudBay in 2008 from Skye Resources Inc. where he held the position of Chief Financial Officer. He has an extensive background in corporate treasury and development having had a lengthy career at Terasen Inc. where he served as its Treasurer. Mr. Bryson holds a Bachelor of Commerce (Finance) from the University of British Columbia and is a Chartered Financial Analyst.

  • Alan T. C. Hair, B.Sc (Hons)

    Senior Vice President, Development

    Since joining HudBay in 1996, Mr. Hair has held several management roles in the metallurgical plants and was appointed Vice-President, Metallurgy in 2004. Prior to joining HudBay, he was Smelting Manager at MIM's zinc smelter in Avonmouth, England. He graduated from the University of Leeds, England in 1983 with a Bachelor of Science Honours degree in Mineral Engineering.

  • H. Maura Lendon

    Vice President, General Counsel and Corporate Secretary

    Ms. Lendon has been practicing law for almost 20 years and has extensive experience in the areas of international business transactions, regulatory compliance, corporate governance and advocacy. Prior to joining HudBay, Ms. Lendon was Chief Counsel Canada, Chief Privacy Officer - Canada for global telecommunications company, AT&T. She holds a Master of Laws from Osgoode Hall Law School, a Master of Business Administration from the Richard Ivey School of Business and a Bachelor of Laws from University of Western Ontario. She has been a member of the Ontario Bar since 1990.

  • Tom A. Goodman

    Senior Vice President, Operations, Hudson Bay Mining and Smelting Co., Limited.

    Mr. Goodman is a graduate in Chemical and Metallurgical Technology from the British Columbia Institute of Technology. He has worked for HudBay for over 26 years in a wide variety of operational, technical, and management positions. He recently returned to HudBay after managing a copper smelting and refining company for the Anglo American group in Zambia. Mr. Goodman is a member of the Canadian Institute of Mining, Metallurgy and Petroleum and the Minerals, Metals & Materials Society.

  • John D. Bracale

    Country Manager, Guatemala and President, Compaňίa Guatemalteca de Nίquel, S.A.

    Mr. Bracale is an experienced mining executive with over 30 years experience in the mining industry in Latin America and the Pacific Rim. He was most recently a director and vice president of Latin America for Gold Hawk Resources Inc., as well as executive president of their Peruvian subsidiary Compania Minera San Juan. He has also served as vice president of Latin America for Breakwater Resources, Ltd.; senior vice president of Latin American Operations for Arimetco International, Inc.; and vice president of American Pacific Mining Company, Inc. in Honduras.

  • Brad W. Lantz, B. Sc., (Hons) Earth Sciences

    Vice President Mining

    Mr. Lantz joined HudBay in 1987 and was appointed Vice President Mining in September 2007. During his career, Mr. Lantz has held positions of progressively greater responsibility at the Ruttan, Trout Lake, Callinan and 777 mines. Prior to joining the Company, Mr. Lantz worked with Sherritt Gordon Mines Limited. Mr. Lantz graduated from the University of Waterloo in 1982, with a B. Sc. Honours in Earth Sciences.

  • Dr. Lloyd Axworthy

    Independent Director

    Dr. Axworthy was a member of the House of Commons of Canada for 21 years, including five years as the Minister of Foreign Affairs. In 2003, he was made an Officer of the Order of Canada and is currently the President and Vice-Chancellor of the University of Winnipeg. Dr. Axworthy was elected to the Board on June 1, 2006.

  • John H. Bowles, FCA

    Independent Director

    John Bowles was a partner with PricewaterhouseCoopers LLP in Vancouver and was the leader of their British Columbia mining practice. His chartered accountancy designation was obtained in 1970, and he was awarded a Fellowship in 1997. He is also a Fellow of the Canadian Institute of Mining, Metallurgy and Petroleum. He retired from PricewaterhouseCoopers on June 30, 2006. Mr. Bowles was elected to the Board on June 1, 2006

  • Donald K. Charter

    Independent Director

    Mr. Charter has been President of 3Cs Corporation, a consulting and investment company since 2006, and was the Chairman and Chief Executive Officer of Dundee Securities Ltd. and Dundee Private Investors Inc. from 1998 to 2006. He has also served as Executive Vice President of Dundee Corporation and Dundee Wealth Management Inc. Prior to joining Dundee, Mr. Charter practiced corporate and securities law in Toronto. He is currently a director of IAMGOLD Corporation, Lundin Mining Corporation, Great Plains Exploration Inc., Baffinland Iron Mines Corporation and a trustee of Dundee Real Estate Investment Trust.

  • Ronald P. Gagel, CA, B.Sc., B.Comm.

    Independent Director

    Mr. Gagel is Senior Vice President and Chief Financial Officer of FNX Mining Company Inc. and since 2006 has also served as Vice-President and Chief Financial Officer of International Nickel Ventures Corporation. Mr. Gagel is a chartered accountant with more than 27 years of professional experience, predominantly in the natural resources sector. From 1988 to 2004, Mr. Gagel was at Aur Resources Inc., and from 1999 to 2004, he served as Vice-President and CFO at Aur. He is a director of Glencairn Gold Corporation and the Prospectors and Developers Association of Canada.

  • R. Peter Gillin

    Independent Director

    Mr. Gillin has been Chairman and Chief Executive Officer of Tahera Diamond Corporation, a diamond exploration, development and production company, since 2003, prior to which he was the President and Chief Executive Officer of Zemex Corporation. Mr. Gillin has also been a senior investment banker, having previously served as Vice-Chairman of N M Rothschild & Sons Canada Limited and as a Managing Director of Scotia Capital. He is currently a director of Silver Wheaton Corp. and Trillium Health Care Products Inc. and is a member of the Independent Review Committee of TD Asset Management Inc. Mr. Gillin is a Chartered Financial Analyst

Broker Fact Sheet

  • HBM Broker Fact Sheet
    Thu Mar 29, 2019
    Fact sheet details
Hudbay Minerals
Symbol
HBM
Exchange
TSX
Shares
160,032,462 FD March 3 2009
Industry
Metals & Minerals
Create a Post