Share Price Watch: Hudbay Minerals (HBM; TSE, NYSE)

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)