Hudbay looks to acquire Tempe copper miner in $1.5B deal, doubling U.S. production

3/4/2026

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Phoenix Business Journal

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• Subcategory: Capital Markets: Equity, Industrial: Utilities, Specialty

• Tag: Earnings | Economic Development | Sale

• Additional Filters-Subcategory: Industrial: Infrastructure, Specialty: Mining

• Additional Filters-Tags: Sale: General, Sale: Investment, Sale: Ownership Interest

• Company: Hudbay Minerals (NYSE: HBM), Arizona Sonoran Copper Company (TSX: ASCU)

Highlights
Hudbay Minerals seeks to acquire Arizona Sonoran Copper Company for $1.48 billion
The deal positions Hudbay as the third-largest copper miner in North America
Hudbay will produce 250,000 tonnes of copper annually by 2030

Hudbay Minerals (NYSE: HBM)

Warren Flannery | VP, Copper World

[email protected]

520-495-3504

Arizona Sonoran Copper Company (TSX: ASCU)

Bernie Loyer | SVP, Projects

520-858-0600