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Rosemont Mine Truth: Unexpected loss sends Hudbay stock to six-year low

August 4, 2015 By santaritas Leave a Comment

Hudbay Minerals stock was pummeled Thursday to its lowest level in six years following the company’s announcement of an unexpected $55.2 million second-quarter loss, according to its 2nd Quarter Financial Statement.

Wall Street analysts were projecting Hudbay, the owner of the proposed Rosemont Mine, would post a $.14/share profit for the quarter ending June 30, but instead, the company finished with a ($.24/share) loss.

On Thursday, Hudbay’s stock lost 7.94% percent on the New York Stock Exchange, falling 52 points to close at $6.03 in heavy trading at 230,000 shares. The stock traded as low as $5.82 before recovering in late trading.

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Filed Under: News, Rosemont Tagged With: Finances, Hudbay

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RSS Latest from Rosemont Mine Truth

  • Hudbay says it is developing plans to build at least three open-pit copper mines on west side of Santa Rita Mountains October 6, 2021
  • Hudbay tells investors and analysts that it owns enough land to mine the western side of the Santa Rita Mountains August 12, 2021
  • Rosemont will destroy Santa Rita Mountains to export copper overseas May 18, 2021
  • Pima County reaffirms resolution opposing Rosemont Mine April 19, 2019

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Litigation Update

Oral arguments for our case before the 9th Circuit Appeals Court were held on February 1, 2021. Because of COVID, the oral arguments were virtual, and we could listen in. You can watch the recording here.

We cannot predict when we will hear a decision, but we expect to have to wait several months.

Click here for more updates

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