
Hudbay Minerals approves US$2.07B Copper World construction
Hudbay expects to contribute about US$500 million from 2028, with first production at the Arizona mine targeted for the second half of 2029.

Hudbay expects to contribute about US$500 million from 2028, with first production at the Arizona mine targeted for the second half of 2029.

The company reports true widths and plans electromagnetic surveying before drilling the lens along strike and at depth.

The pre-feasibility study estimates C$127M in initial capital, with commercial production planned for early 2030.
The Yukon infill interval also contains gold and silver, while Phase 2 drilling is due to finish Oct. 20.
The year-end estimate will exclude this year's drilling, which is targeted for a further resource update in the first half of 2027.
The company will combine earlier waste-dump assays with magnetic survey data before selecting drill locations in central Sweden.
A single hole returned 153 metres at 0.11 grams per tonne gold, with follow-up drilling planned for November.
The financing adds 4.99 million shares for East Sudbury work, while final closing remains subject to TSX Venture Exchange acceptance.
A 70.10-metre intercept could reduce waste mining at Gabbs, where a feasibility study is targeted for the first quarter of 2027.
Kinterra would lift its interest to 22.99 per cent, with both share tranches conditional on approval at the Nov. 4 annual meeting.
Measured and indicated resources account for 86 per cent of the updated Finnish deposit, which includes silver for the first time.
The Chilean subsidiary reports a 62.86 per cent interest and gains the right to appoint three of five directors.
The total rose 19 per cent from the June quarter but includes 6,904 tonnes of previously stockpiled fines designated for sale.
At K-Ozek, hole EL26039 returned 22.8 metres grading 5.37 grams per tonne gold from 124.2 metres downhole.
The non-brokered placement issued 73.2 million units at C$0.18, while a separate transaction settled secured debentures with Delbrook funds.
A PEA models 36.8 million payable pounds of annual copper equivalent output and a C$8.6 million net initial funding need.
Shares priced at 1.5 pence represent about 15 per cent of enlarged capital, with London admission expected around Oct. 15.
Four holes are the first results from a planned 12,000-metre Kwanika program; the project's preliminary economic assessment is delayed.
A second AG infill hole returned 37.2m at 177.7 g/t silver equivalent, while lower elevation drilling continues.
The infill interval sits inside the April resource model; a separate 106.5-metre intersection lies beyond the pit boundary.
BBA will study Lion and Nisk Main using the September resource estimate, with capital costs and preliminary economics targeted for the first half of 2027.
Bezant targets at least 9,000 tonnes of plant throughput in October, with first saleable concentrate expected late in the month.
The estimate puts contained copper at 495,400 tonnes; the separate Selebi North resource calculation remains pending.
October community meetings will precede submission of the assessment with Aris Mining's environmental licence application in Colombia.
The 35-metre step-out was absent from the 2026 resource model, and Selkirk expects a Phase 2 resource update in early 2027.
Final Nakalakwana assays accompany a 291-square-kilometre gravity survey over the Thole-Copper Snake anomaly in Botswana.
The proposed subscription would leave Goldgroup with about US$91 million in cash before costs and other commitments.
Base-case after-tax NPV is US$1.5 billion at US$4.75 a pound copper; first cathode is targeted for 2029.
Freeport and Hudbay shares rise as Chinese physical premiums climb and SMM reports a weekly inventory draw of 14,500 tonnes.
The Brazil project's feasibility study projects a 0.9-year payback, with construction financing and the mine installation licence pending.
Canada Growth Fund came out of the sale holding 19.9 per cent of the developer, whose Marathon copper-palladium mine starts early works in the fourth quarter.
Mining companies in the sector have been reaping the benefits
The firm is warning that a major shortage will cause 'systemic risk' for world industries and economies
A major accident at one of the world's largest mines in September is a key factor
Uranium, metallurgical coal and lead have also been added
"Until today, we haven’t been able to share any real-world drilling results," ExploreTech said
Shares have risen by almost 17% on the TSX since the market closed on Tuesday