Local News

Exploration has Paid Off for Hudbay in The Snow Lake Region.

Hudbay Minerals has released an update on its annual mineral reserve and resource estimates and its exploration activities.  Their President and CEO Peter Kukielski says they are extremely pleased with their exploration success over the past 12 months in Manitoba where they’ve doubled the mine life in Snow Lake and more than doubled Lalor’s annual gold production from current levels.  He notes in addition to replacing the ore that was mined at Constancia in Peru last year they are also encouraged by recent drilling results north of the Constancia pit where high grade skarn mineralization has been intersected.

             

Successes listed include based on the most recent estimate of mineral reserves the Triple Seven mine life in Flin Flon has been extended to the end of the second quarter of 2022 and a 35 percent increase in total Snow Lake gold reserves to 2.2 million ounces supporting an 18 year mine life for the Snow Lake operations.

 

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