HudBay Seeks Partner to Help Build $1.55 Billion Peruvian Mine

Bloomberg reported that HudBay is seeking a partner to build a $1.55 billion mine in Peru so that they can have capital available to fund other projects.

As quoted in the market report:

HudBay, which has $1.5 billion in cash, aims to line up a second Peruvian copper project once production starts at Constancia in the southern Andean region of Cuzco, Meagher said. HudBay is also studying gold and copper properties in Colombia and Chile respectively, he said.

To view the whole Bloomberg report, click here.