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.
Hudbay will be releasing an updated technical report for Copper Mountain later in 2023 to provide
reserve and resource estimates and an updated life of mine plan.
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.