This thing is from the time Hudbay (HBM) bought Constancia by purchasing Norsemont, three years ago:
“Building the Constancia mine will cost about $1-billion, which HudBay said it can do with existing cash and credit lines.”
That thing is from the latest MD&A
“At our 100% owned Constancia copper project in Peru, the project was over 71% complete on a proportion spent basis at the end of March 2014. Of the total project capital budget of US$1.7 billion, we have incurred approximately US$1.2 billion in costs to March 31, 2014 and entered into an additional US$200 million in commitments.”
PS: Another thing:
- Total market cap of HBM = $1.6Bn.
- Capital cost of Constancia $1.7Bn