HudBay Minerals’ Fourth-quarter Profits Plunge

Mining Weekly reported that HudBay Minerals Inc.’s (TSX:HBM) fourth-quarter profits dropped by nearly 80 percent year-over-year due to dwindling sales and lower metal prices.

As quoted in the market news:

Total revenue for the fourth quarter was $181-million, which was $73.3-million lower than the same period in 2011. This decrease was mainly owing to lower sales volumes compared with the fourth quarter of 2011, when the company drew down on unusually high copper concentrate inventory.

To view the whole Mining Weekly report, click here.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Nexus-Gold-Big-e1418932141286

Nexus Gold Corp.

Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.

Connect here and don't miss their next catalyst!

Learn More
Comments

Leave a Reply