HudBay Minerals

L1 Long Short Fund highlighted Hudbay Minerals after a quarter in which copper rose about 9.7%, lifting the company's shares and supporting demand driven by electrification, AI and defence. The fund increased its long position (Long +15%) and cited persistent copper supply constraints from weak Chilean output, disruptions in Indonesia and the DRC, and higher sulfuric acid costs. Hudbay completed an all‑share acquisition of Arizona Sonoran, adding one of North America's largest growing copper districts and underpinning the fund's positive medium‑term outlook for the company. » More on finance.yahoo.com

Hudbay Minerals priced $52 million of 4.50% municipal bonds issued by the Arizona Industrial Development Authority to finance, reimburse and refinance expenditures for its Copper World project in Pima County, Arizona. Hudbay and certain subsidiaries will guarantee the debt, with an initial mandatory tender date of July 2, 2036, and the offering targeted to qualified institutional buyers in the US. The deal was expected to close on June 24 pending customary conditions and reflects Hudbay's continued investment in the Copper World development. » More on finance.yahoo.com

Hudbay Minerals received TSX approval to repurchase up to 19,863,997 common shares (5% of outstanding) under a normal course issuer bid running from June 1 to May 31. Repurchases will be funded from operating cash flow, shares acquired will be cancelled, and daily purchases on the TSX are capped at 469,604 shares (excluding permitted block trades). Management may not repurchase the full amount and noted it completed no buys under the prior NCIB that expired May 29, 2026. » More on finance.yahoo.com