Hudbay minerals has published   it’s second quarter financial earnings as well as announced a change in leadership .The company as a whole  reported $631 million in revenue, while producing 28,000 tonnes of copper and 51,000 ounces of gold.

 

In Manitoba, Hudbay produced 40,000 ounces of gold, 2,300 tonnes of copper, 4,800 tonnes of zinc and 209,000 ounces of silver.

 

Production declined from the first quarter because of lower tonnes milled, though the company expects higher second-half output due to grade sequencing and greater ore output from Lalor.

 

The company faced labour availability constraints at Lalor during the quarter but said corrective steps are underway.

 

A June hoist gearbox failure at Lalor was repaired within several days using a critical spare; the company does not expect it to be a continuing problem.

 

 Hudbay said it is working toward an updated long-term profile for the Snow Lake operations based on reserves, with a potential enhanced five-year gold-production profile.

 

Hudbay also announced executive changes. Eugene Lei was appointed President and Chief Financial Officer, while Rob Carter was named Chief Operating Officer. Carter will succeed Andre Lauzon, who plans to retire at the end of September.