Hudbay Minerals, a diversified Canadian mining company, agreed to acquire Copper Mountain, a high growth mining company, for $439m. "We are very pleased to be entering into this combination with Hudbay. The Copper Mountain team has done a tremendous job as seen through the positive momentum at the mine, and I am extremely proud of the team's efforts. The mine is now at a point where it will benefit from the additional support available from Hudbay's strong in-house technical services team. There also remains significant potential to unlock further value by leveraging the best practices of both companies," Gil Clausen, Copper Mountain President and CEO.