Hudbay Minerals Inc. and Mitsubishi Corporation approved construction of Copper World, targeting first production in the second half of 2029. Initial growth capital expenditures are approximately $2,070 million, net of equipment financing, in 2026 dollars and on a 100% basis.
HBM · Hudbay Minerals Inc.
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Hudbay Minerals Inc.’s 2026 Definitive Feasibility Study found its 70%-owned Copper World project economically viable in the 15-year Base Case, with major permits secured; a 37-year Extension Case requires federal permits and is not the selected option.
Hudbay Minerals Inc. and Mitsubishi approved construction of the 70%-owned Copper World project in Arizona, targeting first production in the second half of 2029; growth capital is $2.07 billion and average copper production is 102,000 tonnes over the first 10 years.
Hudbay Minerals Inc. updated Snow Lake’s plan to extend reserve mine life to 2043, target average annual gold production of 185,000 ounces for 2026-2030, and increase life-of-mine gold production 60% to 2.8 million ounces.
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Versus peers
Copper — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HBM
this stock
Hudbay Minerals Inc.
|
$9.87B | +3.7% | — | — | 2.2% |
|
SCCO
Southern Copper Corp
|
$141.12B | — | +23.7% | 22.2 | 1.2% |
|
FCX
Freeport-Mcmoran Inc
|
$83.15B | +14.0% | +1.8% | — | 1.8% |
|
TECK
Teck Resources Ltd
|
$29.42B | +25.1% | — | — | 2.8% |
|
GUNN
Gunnison Copper Corp.
|
$3.77B | — | — | — | 0.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 30, 2026
- This year
- 30
Hudbay Minerals Inc. and Mitsubishi Corporation approved construction of Copper World, targeting first production in the second half of 2029. Initial growth capital expenditures are approximately $2,070 million, net of equipment financing, in 2026 dollars and on a 100% basis.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HBM | -11.9% | -18.9% | -17.5% | -5.2% | +3.7% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | -7.2% | -13.7% | -16.7% | -2.2% | -3.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.