Origin Merchant Partners is pleased to announce that it provided a Fairness Opinion to the Special Committee and Board of Directors of Copper Mountain Mining Corporation (“Copper Mountain”) with respect to its combination with Hudbay Minerals Inc. (“Hudbay”). The combination will create the third largest copper producer in Canada.
Copper Mountain (TSX: CMMC, ASX: C6C) owns 75% of the Copper Mountain Mine, located in British Columbia. The mine produces, on average, approximately 100 million pounds of copper equivalent per year.
Hudbay (TSX, NYSE: HBM) is a diversified mining company with long-life assets in North and South America. The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as acquisitions that fit its strategic criteria. Hudbay seeks to create sustainable value through its acquisitions, development and operations in jurisdictions that support responsible mining, and to see the regions in which it operates benefit from its presence.