Hudbay Minerals Gets TSX Approval to Launch Buyback of 5% of Public Float

Dow Jones
05/28
 

By Adriano Marchese

 

Hudbay Minerals intends to launch a share repurchase program to buy back up to 5% of its common shares over a one-year period.

The copper-focused miner said the Toronto Stock Exchange approved its normal course issuer bid to buy back up to 19.9 million shares for cancellation.

Shares have surged so far in the year, benefiting from strength across the commodities markets driving up the price of precious and base metals. Copper is currently trading 8.3% higher year-to-date, and 40% over the last 52 weeks.

The stock is up 35% since the year began, closing on Wednesday at 36.79 Canadian dollars ($26.58).

At that closing price, the value of the shares intended for buyback would be worth about C$730.8 million.

Hudbay can begin buying back shares starting on June 1.

 

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

 

(END) Dow Jones Newswires

May 28, 2026 09:25 ET (13:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10