# Hudbay Minerals to acquire Copper Mountain Mining

Hudbay Minerals will acquire all shares of Copper Mountain Mining in an all-share deal, creating a combined copper producer with 150,000 tonnes per year capacity and estimated US$30 million in annual synergies.

- Type: Acquisition
- Announced: 2023-04-13
- Where: Canada
- Value: $439.0M
- Status: announced
- Capacity: 150000 tonnes per year
- Products: copper
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Copper Mountain Mining Corporation](https://endata.com/companies/28254.md) (target)
- [Hudbay Minerals](https://endata.com/companies/37990.md) (acquirer)

## Sources

- [hudbayminerals.com](https://hudbayminerals.com/investors/press-releases/press-release-details/2023/Hudbay-and-Copper-Mountain-Combine-to-Create-a-Premier-Americas-Focused-Copper-Producer/default.aspx), 2023-04-13: "This transaction represents a unique opportunity to combine complementary assets and leverage our technical expertise to create value for the shareholders of both Hudbay and Copper Mountain."
- [coastreporter.net](https://www.coastreporter.net/national-business/hudbay-minerals-strikes-all-stock-deal-to-buy-copper-mountain-mining-worth-us439m-6847591), 2023-04-13: "The companies say the combination will create an Americas-focused copper mining company with an operating portfolio of three long-life mines."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.