Hudbay raises 2026 Copper World growth spending forecast to USD 245 million
HBM•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.
1. Project spending forecast
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, and initial growth capital is estimated at USD 2.07 billion.
2. Production and funding
Copper production is expected to average 102,000 tonnes annually over the first 10 years, with average cash costs of 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 funding plan.
