Hudbay Minerals Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Mar 27, 2025
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EX-99.2 · Zinc fixed for floating swaps
Zinc fixed for floating swaps
Hudbay enters into zinc fixed for floating swaps in order to manage the risk associated with provisional pricing terms in zinc concentrate sales agreements. As at December 31, 2024, Hudbay had 9.7 million pounds of net zinc swaps outstanding at an effective average price of $1.38/lb and settling from January 2025 to April 2025. As at December 31, 2023, Hudbay had 13.9 million pounds of net zinc swaps outstanding at an effective average price of $1.14/lb and settling from January to March 2024. The aggregate fair value of the transactions at December 31, 2024 was an asset of $0.3 million (December 31, 2023 - a liability position of $0.9 million).
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