Hudbay President and CEO Peter Kukielski reports they have continued to grow their copper and gold mineral reserves and resources through successful exploration in Peru, Snow Lake and Arizona. He notes while they already have a solid production growth profile for many years to come their exploration efforts over the past year have been successful in replacing what they have mined adding reserves to their life of mine plans and expanding their  resource base to position them for additional long-term reserves grow

The report states as a result of exploration success in 2021 additional mineral reserves were identified at Lalor and the 1901 deposit which are expected to extend the life of the Snow Lake operations by one year until 2038 maintaining the 17 year mine life. 

Hudbay also reported in connection with the depletion of reserves at Triple Seven Hudbay will be commencing the closure of the Flin Flon complex including decommissioning the Triple Seven mine in June after 17 years of steady operations and Flin Flon Zinc Plant.  The Flin Flon mill and tailings facilities will be put on care and maintenance with exploration continuing to possibly reprocess the Flin Flon tailings in the future.