Stocks in play: Hudbay Minerals Inc.

Announced the results of its preliminary economic assessment (“PEA”) of its 100%-owned Mason copper project located in Nevada. The 2021 Mason PEA contemplates a 27-year mine life with average annual copper production of approximately 140,000 tonnes over the first 10 years of full production. At a copper price of $3.10 per pound, the after-tax net present value using a 10% discount rate is $519 million and the internal rate of return is 13.7%. The valuation metrics are highly sensitive to the copper price and at a price of $3.25 per pound, the after-tax net present value using a 10% discount rate increases to $773 million and the internal rate of return increases to 15.4%. Dollar values are in American currency. Hudbay Minerals Inc. shares T.HBM are trading up $0.82 at $10.36.

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