Huday last week hosted a site visit by analysts and investors in its Constancia mine in Peru. At the same time they released their second quarter 2018 production results for their Peru operations. During the quarter the operations produced almost 27 thousand tonnes of copper which was about ten percent lower than production in the second quarter last year as a result of lower copper head grade in accordance with their mine plan offset in part by higher mill throughput. Recoveries of copper and silver were slightly lower in the second quarter this year compared to last year while gold recoveries remain unchanged over the same period. They report several metallurgical initiatives are being implemented by Hudbay with the intention of increasing copper recoveries as anticipated in the recently filed 2018 Technical Report for Constancia.
Hudbay will be releasing its second quarter results for all of its operations in Manitoba, Peru and Arizona on August 1st.