Hudbay Minerals Gets TSX Green Light to Buy Back up to 5% of Public Float

Dow Jones
2025/05/28
 

By Adriano Marchese

 

Hudbay Minerals intends to launch a share repurchase program to buy back up to 5% of its issued and outstanding shares over the course of a one-year period.

The Canadian miner said Wednesday that the Toronto Stock Exchange has approved its plan to buy back up to 19.8 million shares for cancellation.

Shares have risen modestly over the course of the year, up about 6.4% to close on Tuesday at 12.41 Canadian dollars ($8.98). The stock is still down about 9.2% over the course of the last 52 weeks.

At Tuesday's closing price, the value of the shares intended for buyback would be worth about C$245.1 million.

Hudbay can begin buying back shares starting on May 30.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

May 28, 2025 08:34 ET (12:34 GMT)

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