Triple Seven

Hudbay reports copper, zinc and precious metals production last year met or exceeded guidance ranges in both Manitoba and Peru.  This was due mainly to a full year of commercial production at the Constancia Mine in Peru and the ongoing ramp up of Lalor production near Snow Lake.  In 2017 production of zinc contained in concentrate is forecast to increase approximately 25 percent reflecting the continued ramp up of Lalor ore production and the re-sequencing of the mine plan at Triple Seven in Flin Flon.  Copper and precious metal production is expected to decline due to lower copper grades at Constancia and reduced mining rates and lower copper grades at Triple Seven.

Manitoba growth capital of 40 million dollars is allocated to the construction of a new paste backfill plant for the Lalor mine. Exploration spending of 10 million dollars is conservatively budgeted for this year but additional funds may be committed to high priority drilling targets. As well their anticipated zinc concentrate production from the Manitoba Business Unit this year is expected to result in full utilization of the Flin Flon zinc plant’s processing capacity with some zinc concentrate planned for sale to third parties.