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Hudbay Announces Resumption of Full Production at its Lalor Mine

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Hudbay Minerals Inc. announced the resumption of production at its Lalor mine in Snow Lake, Manitoba, following a fatal incident on June 19, 2021. Hoisting activities resumed on June 23, allowing production levels to return to normal.

Hudbay operates multiple mining facilities across North America and South America, focusing on copper and zinc production. The company aims to optimize its existing properties while pursuing responsible mining practices.

Positive
  • Production at Lalor mine has resumed and returned to normal levels.
  • Hudbay operates a diversified portfolio of mining assets across key regions.
Negative
  • The mine experienced a fatal incident, raising safety concerns.

TORONTO, June 24, 2021 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that production has resumed at its Lalor mine, located in Snow Lake, Manitoba after a fatal incident that occurred on June 19, 2021. Hoisting activities resumed on June 23 and production has since returned to normal levels.

About Hudbay

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.

For further information, please contact:

Candace Brûlé
Director, Investor Relations
(416) 814-4387
candace.brule@hudbay.com



FAQ

When did production resume at Hudbay's Lalor mine?

Production at Hudbay's Lalor mine resumed on June 23, 2021.

What caused the suspension of production at Hudbay's Lalor mine?

Production was suspended due to a fatal incident on June 19, 2021.

What is the stock symbol for Hudbay Minerals?

Hudbay Minerals is listed under the symbol 'HBM' on the Toronto and New York Stock Exchanges.

Where is Hudbay’s Lalor mine located?

Hudbay's Lalor mine is located in Snow Lake, Manitoba.

What minerals does Hudbay primarily produce?

Hudbay primarily produces copper concentrate and zinc metal.

Hudbay Minerals Inc.

NYSE:HBM

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Copper
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