Hudbay Minerals acquires Arizona Sonoran

Goodmans LLP advised Hudbay Minerals Inc. in connection with its acquisition of Arizona Sonoran Copper Company Inc. (“ASCU”) in an all-share transaction valued at US$1.48 billion at announcement.

The transaction brought together two highly complementary copper growth assets in Arizona and strengthened 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 enhanced Hudbay’s long‑term copper production profile, expanded its U.S. growth pipeline, and benefits 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 copper exploration and development company with a 100% interest in the brownfield Cactus project.