Hudbay has executed a prudent financial strategy for the funding of Copper World, including a minority joint venture transaction with Mitsubishi, a renegotiated precious metals stream agreement with Wheaton and plans to implement low-cost debt financing at the asset level, resulting in Hudbay’s first capital contribution not expected until 2028 and an increase in the expected levered IRR to Hudbay to 32% in the Base Case.
Hudbay has executed a prudent financial strategy for the funding of Copper World, including a minority joint venture transaction with Mitsubishi, a renegotiated precious metals stream agreement with Wheaton and plans to implement low-cost debt financing at the asset level, resulting in Hudbay’s first capital contribution not expected until 2028 and an increase in the expected levered IRR to Hudbay to 32% in the Base Case.