Hudbay Resumes Snow Lake Mining After Manitoba Wildfire Evacuations

Hudbay Minerals has resumed operations at its Snow Lake site in Manitoba following the lifting of wildfire evacuation orders, with no structural damage reported to its facilities in Snow Lake or Flin Flon. Mining activities restarted with a focus on gold zones at the Lalor mine, and milling at the New Britannia gold mill is expected to reach full production this week, while the Stall base metal concentrator anticipates full capacity next week amid ongoing workforce impacts from regional evacuations. Despite the disruption, Hudbay remains confident in meeting its annual guidance for Manitoba, buoyed by strong year-to-date performance. The company has emphasized its commitment to supporting employees, their families, local First Nations, and communities affected by the wildfires, including collaboration with local authorities and volunteer firefighting efforts. Investor confidence has increased with the resumption of operations, reflected in a 2.85% rise in Hudbay's share price. Overall, Hudbay’s swift recovery underscores resilience in the mining sector amid natural disasters and highlights the importance of emergency preparedness and social responsibility.