With close to 100 years of history, Hudbay is proud to be the
third-largest copper producer in Canada with operations in British
Columbia and Manitoba.
Our Canadian business can trace its history back almost a century, to
our first mines in Manitoba’s Flin Flon Snow Lake Greenstone Belt. It
was there we laid the foundation for the mine-building expertise and
community engagement that distinguish Hudbay to this day. Our
operational focus in Canada, with two operating mines in British
Columbia and Manitoba, is core to our ability to create sustainable
long-term value for shareholders.
With the addition of the Copper Mountain Mine, Hudbay has become the
third-largest copper producer in Canada. The Copper Mountain Mine,
located south of Princeton, British Columbia, is a conventional open
pit, truck and shovel operation. Hudbay owns 75% of the Copper Mountain
Mine, with the remainder owned by Mitsubishi Materials Corporation. The
mine has a 45,000 tonnes per day plant that utilizes a conventional
crushing, grinding and flotation circuit to produce copper concentrates
with gold and silver credits.
Manitoba’s Snow Lake region continues to be an area of opportunity as
our reserves, processing capacity and exploration activities expand in
the region, setting the stage for a new phase of growth. Our Lalor mine
(gold, zinc, copper, silver) in Snow Lake is a meaningful low-cost gold
producer that substantially benefited from the refurbishment of the New
Britannia mill in 2021. Hudbay has been actively conducting drilling
activities testing the down-plunge gold and copper extensions of the
Lalor deposit, in the first step out drilling in the deeper zones at
Lalor since the initial discovery of the gold zones in 2009.