Lalor Mine

Hudbay’s third quarter 2016 report we reported on on Friday included an increase in production at its Manitoba operations.  During the quarter production of copper was up 1 percent, zinc up 31 percent, gold up 16 percent and silver up 72 percent compared to the same period in 2015 as a result of higher mill throughput.  Ore mined at Hudbay’s Manitoba mines increased by 18 percent as a result of increased production at Lalor near Snow Lake and Triple Seven in Flin Flon.  President and CEO Alan Hair say they continue to move forward at Lalor mine where they are continuing to work and are waiting for an updated report incorporating a new mine plan with the integration of the New Britannia gold mill and a potential increase in zinc ore through put at the Stall concentrator.  He says the report is also expected to include an update on reserve estimates in the Lalor gold zone and they expect to finalize the updated technical report in the first quarter of 2017.

Ore processed in the Snow Lake concentrator was reported to be 21 percent higher in the quarter as a result of higher production at the Lalor mine.