Canada's Hudbay Minerals acquires US-based Arizona Sonoran, creating North America's third-largest copper district
2026-06-25 11:06
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en.Wedoany.com Reported - Hudbay Minerals (TSX, NYSE: HBM) has completed its acquisition of Arizona Sonoran Copper Company, thereby creating what it claims is North America's third-largest copper district and expanding its copper growth pipeline in the United States.

Peter Kukielski, President and CEO of Hudbay, stated that completing the acquisition of Arizona Sonoran Copper further strengthens Hudbay's copper growth pipeline in the U.S. and solidifies its position as a leading copper mining company focused on the Americas.

The acquisition brings the Cactus project into Hudbay's Arizona portfolio, alongside the Copper World project. Hudbay stated that the combination of these two major projects creates one of the most significant copper districts in North America, offering operational and regional synergies. Kukielski noted that with the advancement of the Copper World project, the addition of the Cactus project together forms one of the most important copper districts in North America. Hudbay said it will continue to advance and de-risk the Cactus project while leveraging its balance sheet, cash flow generation capabilities, and capital allocation strategy to support long-term growth and shareholder value.

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