TORONTO, May 29, 2025 – Hudbay Minerals Inc. (TSX, NYSE: HBM) is navigating the challenging wildfire situation in northern Manitoba, prioritizing employee safety and cooperating with local authorities. Responding to a regional evacuation order affecting Flin Flon and surrounding areas, the company is working closely with emergency services. Only essential Hudbay personnel, authorized by emergency services, will remain in Flin Flon to assist in critical activities. Though active mine production ceased at the 777 mine in 2022, Hudbay maintains care and maintenance operations in Flin Flon, alongside support services for its Snow Lake operations, including concentrate handling and fabrication shops. Flin Flon has been a significant base of operations for Hudbay for nearly a century.
Operations at Snow Lake, approximately 200 kilometers east of Flin Flon, are ongoing. While a temporary reduction in production levels is anticipated due to the workforce primarily residing in Flin Flon, Hudbay remains well-positioned to meet its 2025 annual guidance metrics, citing strong year-to-date performance. Exploration activities in the Flin Flon and Snow Lake regions have been paused as fire mitigation efforts are underway.
“The safety of our employees, their families, and the communities we serve is paramount,” stated Rob Carter, Vice President of Hudbay’s Manitoba Business Unit. “We are in close contact with the City of Flin Flon, local communities, and provincial authorities, providing support during these difficult circumstances. We will continue to monitor the situation to facilitate a safe return to full operations when feasible.”
As a commitment to support Manitoba and the Flin Flon community, Hudbay is undertaking the following actions:
- Securing additional accommodations in Snow Lake for evacuated employees and their families.
- Deploying trained emergency personnel to assist with firefighting efforts.
- Maintaining open communication with the City of Flin Flon, local communities, and provincial authorities, offering Hudbay’s resources for emergency response, including supplies, equipment, and water trucks.
- Providing facility infrastructure information to aid in planning and response.
Forward-Looking Information
This news release contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking information”) within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes information that relates to, among other things, statements with respect to potential impacts from wildfires on the Company’s operations in Manitoba, including the ability to achieve guidance expectations. Forward-looking information is not, and cannot be, a guarantee of future results or events.
Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by Hudbay at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.
About Hudbay
Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company, boasting three long-life operations and a world-class pipeline of copper growth projects in mining-friendly jurisdictions across Canada, Peru, and the United States.
Hudbay’s operating portfolio encompasses the Constancia mine in Cusco, Peru; the Snow Lake operations in Manitoba, Canada; and the Copper Mountain mine in British Columbia, Canada. Copper serves as the company’s primary metal, complemented by significant gold production alongside by-products like zinc, silver, and molybdenum. The company’s growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada, the Llaguen project in La Libertad, Peru, and additional expansion and exploration opportunities near the existing operations.
Hudbay’s commitment to value creation and impact is encapsulated in its purpose statement: “We care about our people, our communities, and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives, and create better futures for communities.” The company focuses its mission on generating sustainable value and strong returns by leveraging its strengths in community relations, targeted exploration, mine development, and operational efficiency.
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