Hudbay Minerals, Inc. released its preliminary economic assessment (PEA) a week ago to investors. The plan calls for $1.9 billion of capital expenditures to develop its Copper World Complex project in the Santa Ritas. Over the past five days of trading, since the release of the plan, Hudbay’s share price on the Toronto and New York Stock Exchanges has dropped 13% and 17%, respectively, according to public market data. (June 15, 2022)

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In its preliminary economic assessment, Hudbay rebrands Copper World/Rosemont, dropping “Rosemont” name from the eastern side of the Santa Ritas. Company now says it intends to produce cathodes onsite, to extend mine life to 44 years, and to begin construction as early as 2027. Its share price drops 10 percent over the first two days of release of the report.