Local News

Hudbay Reports Solid Results for Their Fourth Quarter and the Past Year.

Hudbay reports a net loss of 1.5 million dollars in the last quarter of 2019 compared to a loss of 3.5 million in the same quarter of 2018.  President and CEO Peter Kukielski says overall 2019 saw solid results due to their efforts on continuous improvement in mine performance while implementing various improvement initiatives across the business.  He explains the Constancia Mine in Peru achieved record mill throughput and record copper recoveries in 2019 and they are seeing the benefits of several metallurgical enhancements at the mill while the Lalor Mine in Snow Lake achieved record output in 2019 due to the successful mine ramp up to 45 hundred tonnes per day early in the year and the Triple Seven Mine in Flin Flon significantly increased mine output from successfully implemented efficiency initiatives.

             

Kukielski adds they are on track to deliver their next phase of growth including mining the high grade Pampacancha satellite deposit in Peru in 2020 and completing refurbishment of the New Britannia gold mill in Snow Lake by 2022.

             

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