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Triple Seven and Reed Mines Are Affecting Manitoba Ore Production.


The Hudbay 4th quarter financial report we reported on on Friday noted Manitoba ore production as well.  President Alan Hair says production of all metal for 2017 were within the guidance range.  He reported ore mined during the fourth quarter of 2107 decreased by 8 percent compared to the third quarter as a result of ore production at Triple Seven while ore processed during the fourth quarter was in line with previous quarters as they drew on ore from the stockpile.  He noted Manitoba mine, mill and G and A unit operating costs were higher than the third quarter mainly due to the lower production at Triple Seven, the cessation of the capitalization of Reed development costs and the high cost at Lalor incurred to increase production to 45 tonnes per day in accordance with the revised mine plan.


Hair adds the focus for this year includes completing the ramp up of base metal ore production at Lalor near Snow Lake, commencing production from the Lalor gold zones with processing in Flin Flon as well as the gold zones at Pampacancha in Peru and moving Rosemont in Arizona through the permitting process into development.


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