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HudBay increases first-quarter profit to $16.8 million on higher metal prices

Tuesday, May 17, 2011

HudBay Minerals enjoyed a big increase in net profit in the first quarter but revenue was down sharply as a shortage of rail cars hampered its ability to ship product. The Toronto-based miner owns the Fenix nickel project in Guatemala.

During the quarter, a group of 11 women from Guatemala filed a suit in Canada against the company. They are seeking $11 million in general damages and $44 million in punitive damages for alleged gang rapes in 2007.

Original source: Canadian Press