In their third quarter 2021 report Hudbay President Peter Kukielski noted the quarter demonstrated their continued focus on execution and delivery in 2021.  He explained they had the first full quarter of production at Pampacancha satellite pit in Peru and they started to see the benefit from the newly refurbished New Britannia Mill in Manitoba which led to record gold production for Hudbay this quarter.  He said they also successfully commissioned a new copper flotation circuit at New Britannia in October marking the completion of their recent investment program into two higher return growth projects.  He notes with Pampacancha and New Britannia in operation they are on the cusp of achieving significantly increased cash flows for many years to come.

In the third quarter the net loss was 170.4 million dollars impacted by an updated closure plan reflecting higher estimates for closure activities in Flin Flon primarily related to water treatments costs as well as Flin Flon restructuring charges comprising an inventory supplies write down, a severance accrual for 3.6 million for unionized employees and a increase in the past service pension cost provision of 4.2 million related to pensions for Manitoba unionized employees.