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Hudbay stands apart, unique among its peers for its proven ability to discover, finance, build and operate low-cost, long-life cash-generating assets.

Hudbay is a low-cost, diversified metals producer with a long track record of value creation for our shareholders and community partners.

We are unique among our peers for our proven ability to discover, finance, build and operate low-cost, long-life cash-generating assets. We have a robust portfolio of mines and projects focused on copper in mining-friendly, investment-grade jurisdictions. These include the Constancia mine in Peru, the Copper Mountain mine in British Columbia, the Lalor mine in Manitoba and the Copper World and Mason projects in the United States. Hudbay, a responsible, top-tier operator with growing exposure to copper, is well placed to take advantage of the favourable long-term supply-demand fundamentals for copper.

consistent strategy

Clear, Disciplined Growth Strategy

Hudbay’s plans for future growth are guided by a consistent and successful set of criteria that illuminates our path forward. The growth opportunities we pursue must meet strategic criteria that define a truly valuable copper asset: low-cost, long-life and meaningful scale potential, situated in mining-friendly jurisdictions and capable of delivering per share appreciation.

With our Copper World project, we added to these criteria with our 3-P plan, which outlines three prerequisites that must be met before a project advances: securing all necessary permits, completing a robust feasibility study and developing a prudent financing strategy. 

In 2024, Copper World secured all required permits and, in 2025, entered a $600 million joint-venture partnership agreement with Mitsubishi Corporation, and we are now advancing the project through definitive feasibility studies and the remaining elements of the 3-P plan required for sanctioning.

Hudbay’s focus is on copper, and our foundation is built on financial strength, driven by efficient operations, exploration, project development and sustainability excellence.

Planning for the Future

Hudbay is poised for growth in all our operating regions. 

In Peru, we are evaluating the potential to increase mill throughput at Constancia by installing a pebble crusher. We aim to advance plans for drilling the prospective Maria Reyna and Caballito properties near Constancia. 

In Manitoba, we will continue to execute our extensive exploration program on the large land package in Snow Lake, targeting discoveries to utilize excess capacity at the Stall mill while further enhancing production. We will advance economic studies for reprocessing tailings at Flin Flon, while exploring for viable deposits within trucking distance of the Flin Flon processing facilities as part of our exploration partnership with Marubeni. 

At Copper World in Arizona, guided by our 3-P plan, and working in collaboration with Mitsubishi Corporation, our collaboration partner, we are proceeding with definitive feasibility studies and expect to make a final sanctioning decision early in 2026. 

Proven Management

Hudbay’s skilled and experienced management team leads our efforts to set long-range goals, deliver growth, manage costs, operate safely and responsibly, and invest in the future. Our leaders exemplify our values and set the standard that brings out the very best in each of us at Hudbay.

Proven Commitment to Sustainable Mining

Fostering relationships based on openness and trust is at the heart of our approach to sustainable mining. We treat communities with dignity and respect, we make their priorities our priorities, and we do what we say we are going to do. In so doing, we have, over time, built a reputation as leaders in sustainable mining. This recognition validates our approach and serves as a constant reminder of the deep commitment and continuous engagement needed to earn and maintain our social licence to operate.

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