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

Dow Jones05-28

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)

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