Hudbay President Peter Kukielski reports he characterizes their third quarter results as a period of strong performance in their Peru operations and a period of transition in their Manitoba operations after the closing of the Triple Seven Mine in Flin Flon in June 2022…

”Our consolidated copper production in the third quarter was 24.5 thousand tonnes a five percent decrease compared to the second quarter due to the closure of Triple Seven but partially offset by higher copper grades in Peru.  Consolidated gold production was 55.2 thousand ounces a nine percent decrease due to the closure of Triple Seven and slightly lower gold grades in Peru but partially offset by significantly higher grades a Lalor and higher recoveries in Snow Lake and Peru. Consolidated zinc production was 9.8 thousand tonnes lower than the prior quarter due to Triple Seven closure and one off production interruptions in Snow Lake during the quarter.”

            Kukielski adds they anticipate stronger performance in the fourth quarter and have reaffirmed their 2022 production guidance for all metals.