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Peru

Constancia

Primary Metal

Copper

Daily Mill Capacity

90,000 tonnes

Mine Type

Open Pit

PAMPACANCHA

Primary Metal

Copper, Gold

Mine Type

Open Pit

Constancia is one of the lowest cost open-pit sulphide copper mines in South America

Hudbay arrived in Peru with the acquisition of the Constancia copper project in 2011. We completed construction of Constancia in 2014, and the mine went from first production to full production in just five months. The Constancia operations also include the nearby Pampacancha satellite pit, a high grade copper-gold deposit where mining activities began in 2021. We acquired a series of properties near Constancia, adding a large, contiguous block of exploration prospects within trucking distance of the Constancia processing facility.

Number of Employees

865

Of our employees in Peru are female

16%

Mine Life

Constancia
+18 years
100% of Constancia’s employees are from Peru

2023 Performance (Contained metal in concentrate produced)

Copper

100,487 tonnes

Gold

114,218  ounces

Silver

2,505,229  ounces

Molybdenum

1,566  tonnes

2024 Production Guidance (Contained metal in concentrate)

Copper

98,000 - 120,000 tonnes

Gold

76,000 - 93,000 ounces

Silver

2,500,000 - 3,000,000 ounces

Molybdenum

1,250 - 1,500 tonnes

Technology

Strengthening safety, efficiency and production at Constancia

Environment

As part of our efforts to manage air quality, Constancia uses a dust suppressor on a 10-kilometre stretch of road. Hudbay was the first mining company in southern Peru to use the dust suppressor and, following its success, many other mining companies in the area have also begun to use it.

Zero
Air quality parameters exceeded at Constancia

Community

Open, honest and continuous community engagement is critical to exploring and developing new mines. This is what we did and continue to do in Peru. We have also made every effort to learn about the language and values of the Peruvian people and to integrate the operation into their culture. In doing so, we have built strong, positive relationships. Since 2012, we have reached more than 90 agreements with communities near Constancia. These agreements include commitments related to local employment and procurement and investments in health, education and infrastructure initiatives.

100+
Agreements reached with communities near Constancia

People

Engaged employees benefit our business in many ways. We launched an engagement program in 2021, which will serve as the framework for all recognition initiatives in Peru, helping build a culture and environment that recognizes notable efforts and fostering a greater sense of purpose among employees.

COBREprogram
(Spanish for copper) Recognition program aiming to increase employee engagement

Reserves and Resources - Constancia

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