Business and
Financial Review

Before joining Hudbay, Eugene Lei worked as an investment banker focused on mining for over a decade. “I wanted to specialize in something that Canada excelled at, and mining is where Canadian companies are the leaders in the world.” It was the opportunity to “be with companies that are growing, companies that matter” that drew Eugene to Hudbay. In 2014, he played a central role in Hudbay’s acquisition of Rosemont, an asset in Arizona that will position Hudbay among the world’s top copper producers. “We’d been tracking Rosemont before I got here,” notes Eugene, “but part of my experience as an investment banker was helping to identify the right time, the right environment and the right competitive situation for moving on Rosemont.” Hudbay’s experience with Constancia in Peru also made an important contribution to the Rosemont acquisition, says Eugene. “Our success in developing a new operation, in a new country, a new language and a new type of mining, helped give us the confidence that we could do it here at Rosemont. Closer to home, in 2015, Eugene led the acquisition of the New Britannia mine and mill in Snow Lake. Working with the Hudbay technical team, “we identified that the assets could be cost-effectively refurbished to process gold-bearing ore from Lalor. New Britannia was a unique opportunity that provides Hudbay with strategic flexibility to increase both throughput and recoveries, and deliver greater value from Lalor.”