Hudbay Raises 2026 Copper World Growth Spending Forecast to USD 245 Million
Bitget2026/10/21 17:15- Hudbay raised its 2026 Copper World growth spending forecast to USD 245 million from USD 135 million following project sanctioning.
- First production is targeted for the second half of 2029, with initial growth capital estimated at USD 2.07 billion.
- Annual copper production should average 102,000 tonnes over the first 10 years, with cash costs averaging USD 1.65 per pound.
- The project targets average annual EBITDA of USD 661 million over that period, assuming copper at USD 5 per pound.
- Hudbay's capital contributions are expected to total approximately USD 500 million, with payments deferred until 2028 under the project funding plan.
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