Skip to main content
  • News/Media
  • Contact us
  • Search
Hudbay Minerals logo
  • Why Copper
  • Why Hudbay
  • Canada
  • United States
    • Water
    • Environment
    • Community
    • Economic Impact
  • Peru
  • About Us
    • Board
    • Management
    • Governance
    • History
  • Sustainability
    • Health and Safety
    • COVID-19 Hudbay Response
    • Environment
    • Communities
    • Ethics and Human Rights
    • Sustainability Report
  • Investors
    • Financial Reporting
    • Events
    • Press Releases
    • Stock Information and Dividends
    • Analyst Coverage
    • Guidance
    • Reserves and Resources
  • Disclosure Centre
  • Careers

Canada

Lalor

Primary Metals

Gold, Zinc, Copper

Daily Ore Mined

4,500 tonnes

Mine Type

Underground

777 mine

Primary Metals

Zinc, Copper

Daily Ore Mined

3,000 tonnes

Mine Type

Underground

  • Why Copper
  • Why Hudbay
  • Canada
  • United States
    • Water
    • Environment
    • Community
    • Economic Impact
  • Peru
  • About Us
    • Board
    • Management
    • Governance
    • History
  • Sustainability
    • Health and Safety
    • COVID-19 Hudbay Response
    • Environment
    • Communities
    • Ethics and Human Rights
    • Sustainability Report
  • Investors
    • Financial Reporting
    • Events
    • Press Releases
    • Stock Information and Dividends
    • Analyst Coverage
    • Guidance
    • Reserves and Resources
  • Disclosure Centre
  • Careers

Hudbay is on the cusp of an exciting new growth phase in Canada, the latest chapter in close to 100 years of history.

Our Canadian business can trace its history back almost a century, to our first mines in Manitoba’s Flin Flon 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 is shifting to Manitoba’s Snow Lake region 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 fast becoming a meaningful low-cost gold producer that will benefit substantially from the refurbishment of the New Britannia mill, expected to be complete in 2022. Our 777 mine (copper, zinc, gold, silver) in Flin Flon is approaching the end of its mine life after 15 stellar years. Final production is anticipated in 2022. Flin Flon helped shape Hudbay’s values of dignity and respect, caring, openness and trust, which reflects how we will manage the closure and support for the community.

Number of Employees

1456

Mine Life

Lalor
2030
777 mine
2022

The electricity used to run our processing plants is primarily renewable.

2019 Performance (Contained metal in concentrate produced)

Copper:

23,354 tonnes

Zinc:

119,106 tonnes

Precious Metals:

110,406 ounces

2020 Production Guidance (Contained metal in concentrate)

Copper:

18,000 - 22,000 tonnes

Zinc:

105,000 - 125,000 tonnes

Precious Metals:

110,000 - 135,000 ounces

Environment

We take environmental performance seriously, and are implementing the Mining Association of Canada’s TSM (Towards Sustainable Mining) protocols for Biodiversity, Energy and Greenhouse Gas and Tailings at all of our operations. These protocols provide clear guidelines for monitoring, measuring and reporting on performance. They emphasize management processes, senior executive oversight and expert third-party reviews, which help to ensure appropriate technical standards of construction, maintenance and operation.

AA Rating
Retained for tailings management in 2018 TSM Progress Report

Community

Hudbay didn’t just build a successful business in northern Manitoba – it helped build successful communities like the city of Flin Flon. Through jobs, business opportunities, taxes and royalties, community development programs and infrastructure investments, we support and advance long-term socio-economic development. In northern Manitoba, where a large portion of the population self-identify as indigenous, we work closely with our indigenous community partners to bridge cultural gaps and improve business opportunities. Developing job skills within indigenous communities not only helps the communities; it also benefits Hudbay by growing the base from which we hire and increasing the number of qualified suppliers from which we procure goods and services.

$45.4 million
Payments to suppliers
$1,126,857
Payments to indigenous businesses

People

We recognize that employing people with different backgrounds, experiences and perspectives makes us stronger and fosters collaboration. In Manitoba, we partnered with the Northern Manitoba Sector Council to increase recruitment of indigenous employees. Twelve people have been hired under the program so far. Separately, two women in our Manitoba Business Unit founded the Hudbay Women’s Network, an employee-led voluntary resource group. The group’s founding principle is gender inclusion and its goal is to empower Hudbay employees by providing a vehicle for professional growth and a strong voice. To learn more, please visit: Hudbay Women’s Network: Fostering Gender Diversity in Mining.

17%
Of our employees in Manitoba self-identify as indigenous
15%
Of our employees in Manitoba are female

Reserves and Resources – Lalor

Current mineral reserves and resources as of January 1, 2020

Lalor Mine
Mineral Reserve and Resource Estimates1,2,3,4
Tonnes Cu Grade
(%)
Zn Grade
(%)
Au Grade
(g/t)
Ag Grade
(g/t)
Base Metal Zone Reserves
Proven 7,276,000
0.57 6.27 2.42 29
Probable 1,739,000
0.60 4.15 3.83 31
Gold Zone Reserves
Proven 1,748,000
1.37 1.11 6.70 24
Probable 4,251,000
0.83 0.42 6.21 27
Total proven and probable 15,015,000
0.74 3.77 4.16 28
Base Metal Zone Resources
Inferred 454,000
0.34 7.32 2.16 21
Gold Zone Resources
Inferred 3,945,000
1.31 0.31 4.69 26
Total inferred 4,399,000
1.21 1.03 4.43
26

Note: totals may not add up correctly due to rounding.
1Mineral resources are exclusive of mineral reserves and do not have demonstrated economic viability.
2Mineral reserves and resources calculated using metal prices of $1.17 per pound zinc (includes premium), $1,375 per ounce gold, $3.10 per pound copper, $17.00 per ounce of silver.
3Mineral reserves are estimated at an NSR cut-off of $101 per tonne for waste filled mining areas and a minimum of $113 per tonne for paste filled mining areas.
4Mineral resources are estimated at a minimum NSR cut-off of $101 per tonne.

Reserves and Resources – snow lake region

Current mineral reserves and resources as of January 1, 2020

Snow Lake Regional Deposits - Gold


Mineral Reserve and Resource Estimates
Tonnes Cu (%) Zn (%) Au (g/t) Ag (g/t)
Probable Reserves1
WIM 2,448,000 1.63 0.25 1.6 6.3
3 Zone 662,000 - - 4.2 -
Total Probable (Gold) 3,110,000 1.28 0.20 2.2 5.0
Inferred Resources2
Birch 569,000 - - 4.4 -
New Britannia 2,753,000 - - 4.5 -
Total Inferred (Gold) 3,222,000 - - 4.5 -

Note: totals may not add up correctly due to rounding.

1 WIM mineral reserves are estimated at a minimum net smelter return (“NSR”) cut-off of C$150 per tonne, assuming processing recoveries of 98% for copper, 88% for gold and 70% for silver, and using long-term prices of $3.10 per pound copper, $1,375 per ounce gold and $17.00 per ounce silver. 3 Zone mineral reserves are estimated at a minimum NSR cut-off of C$150 per tonne, assuming processing recoveries of 85% for gold, and using a long-term price of $1,375 per ounce gold.
2 Mineral resources are exclusive of mineral reserves and do not have demonstrated economic viability. New Britannia mineral resource estimates have been reported at a minimum true width of 1.5 metres and with a cut-off grade varying from 2 grams per tonne (at the lower part of New Britannia) to 3.5 grams per tonne (at the upper part of New Britannia).

Snow Lake Regional Deposits - Base Metals


Mineral Reserve and Resource Estimates1
Tonnes Cu (%) Zn (%) Au (g/t) Ag (g/t)
Indicated Resources
Pen II 469,000 0.49 8.89 0.35 6.8
Total Indicated (Base Metals) 469,000 0.49 8.89 0.35 6.8
Inferred Resources
1901 2,065,000 0.25 9.67 0.87 30.3
Watts 3,153,000 2.34 2.58 0.95 31
Pen II 132,000 0.37 9.81 0.3 6.9
Total Inferred (Base Metals) 5,350,000 1.48 5.49 0.9 30.1

Note: totals may not add up correctly due to rounding.

1 Mineral resources are exclusive of mineral reserves and do not have demonstrated economic viability. 1901 mineral resources are estimated at a minimum NSR cut-off of $170 per tonne, assuming processing recoveries of 73% for copper, 94% for zinc, 48% for gold and 47% for silver, and using long-term prices of $3.10 per pound copper, $1,260 per ounce gold, $1.10 per pound zinc and $18.00 per ounce silver. Watts mineral resources are estimated at a minimum NSR cut-off of $150 per tonne, assuming processing recoveries of 87% for copper, 80% for zinc, 65% for gold and 64% for silver, and using long-term prices of $3.10 per pound copper, $1,375 per ounce gold, $1.10 per pound zinc and $17.00 per ounce silver. Pen II mineral resources are estimated at a minimum NSR cut-off of $75 per tonne and assume that the Pen II mineral resources would be amenable to processing at the Stall mill.

Reserves and Resources – 777 Mine

Current mineral reserves and resources as of January 1, 2020

Mineral Reserve and Resource Estimates1 Tonnes Cu Grade
(%)
Zn Grade
(%)
Au Grade
(g/t)
Ag Grade
(g/t)
Mineral Reserves
Proven 2,122,000 1.44 4.55 2.01 27
Probable 459,000 1.11 4.11 1.75 26
Total proven and probable 2,581,000 1.38 4.47 1.96 27
Mineral Resources
Measured 370,000 2.02 3.69 1.97 25
Indicated 140,000 1.02 3.85 1.57 26
Total Measured and Indicated 510,000 1.75 3.74 1.86 26
Inferred 210,000 1.48 5.22 3.11 40

Note: totals may not add up correctly due to rounding.

1 Mineral resources are exclusive of mineral reserves and do not have demonstrated economic viability. Mineral reserves and resources calculated using life-of-mine (2020-2022) average metal prices of $2.92 per pound copper, $1.11 per pound zinc (includes premium), $1,392 per ounce gold, $16.33 per ounce silver and using a C$/US$ exchange rate of 1.30.


Latest Report

Technical Reports

View all

Quicklinks

  • Quarterly Results
  • Health and Safety
Back to top
  • Why Copper
  • Why Hudbay
  • Canada
  • United States
    • Water
    • Environment
    • Community
    • Economic Impact
  • Peru
  • About Us
    • Board
    • Management
    • Governance
    • History
  • Sustainability
    • Health and Safety
    • COVID-19 Hudbay Response
    • Environment
    • Communities
    • Ethics and Human Rights
    • Sustainability Report
  • Investors
    • Financial Reporting
    • Events
    • Press Releases
    • Stock Information and Dividends
    • Analyst Coverage
    • Guidance
    • Reserves and Resources
  • Disclosure Centre
  • Careers

© Hudbay Minerals Inc.

  • Legal
  • Statement to recruiters
  • AODA Disclaimer

Email Alerts

To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. You can sign up for additional alert options at any time.

At Hudbay Minerals Inc., we promise to treat your data with respect and will not share your information with any third party. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. If you experience any issues with this process, please contact us for further assistance.

By providing your email address below, you are providing consent to Hudbay Minerals Inc. to send you the requested Investor Email Alert updates.

* Required

*
*
*
*

Email Alert Sign Up Confirmation

Powered By Q4 Inc. 5.49.0.3 (opens in new window)