Exchange

Hudbay shares slump 20% after court bars construction at Arizona project

Hudbay shares slump 20% after court bars construction at Arizona project
Mining News Pro - Hudbay Minerals (TSE: HBM) shares plunged more than 20% on Thursday after a court ruling barred the company from proceeding with construction at its Rosemont project in Arizona.
  Zoom:

The ruling from the US District Court for Arizona challenged the US Forest Service’s June 2017 decision that enabled the company to move forward with a mine plan, which was approved in March.

Hudbay shares sank 20.4% in morning trading, after earlier falling as much as 24.8% to C$5.08 in Toronto.

Hudbay said on Thursday it plans to appeal the ruling.


   Short Link:  
Related News
Esfahan Mobarakeh Steel co.
HOSCO
khuzestan steel
chadormalu Co.
ghadir neiriz co
IranAluminaJaajarm
sangan steel
ahan o fulad golgohar