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Activist Investor Pushing for New Board of Directors at Hudbay Minerals

BNN Bloomberg

TORONTO - An activist investor in Hudbay Minerals Inc. ( HBM.TO ) says it will push for a new slate of directors at the company's next annual meeting after accusing the board of mismanagement. Waterton Global Resource Management Inc. said it is advocating for change at the mining company to address “massive value destruction and chronic underperformance.” The investment fund, holding about 10 per cent of Hudbay shares, said it pushed for dialogue with the company in October on potential changes to the board but was disappointed with the response. Waterton has also pushed to halt Hudbay's plans, announced at ...

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