BASE METALS
The TSX-listed stock of base metals producer Hudbay Minerals jumped as much as 17% on Friday to C$6.22 a share, following the company reporting strong sales growth despite lower metals prices during the March quarter.
The Toronto-based miner, with operations in Peru and Canada’s Manitoba province, reported a marginally smaller first-quarter net loss of $15.8-million, or $0.07 a share, as the company booked a $23-million interest expense that was no longer capitalised after its declaration of commercial production at the Constancia mine on April 30, 2015.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access