Hudbay Minerals to acquire Arizona Sonoran for US$1.48 billion

Goodmans LLP is advising Hudbay Minerals Inc. in connection with its definitive agreement to acquire Arizona Sonoran Copper Company Inc. (“ASCU”) for US$1.48 billion in an all-share transaction. 

The transaction brings together two highly complementary copper growth assets in Arizona and strengthens Hudbay’s position as a premier Americas-focused copper company with a pipeline of long‑life, low‑cost assets located in tier-one jurisdictions. The acquisition is expected to enhance Hudbay’s long‑term copper production profile, expand its U.S. growth pipeline, and benefit from increasing demand for domestically produced critical minerals in the U.S.

Hudbay is a Toronto-based metals producer focused on copper, operating and developing long-life, low-cost assets across the Americas.

ASCU is a Toronto-based copper exploration and development company with a 100% interest in the brownfield Cactus project.