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GlobeNewswire·

Hudbay Files Technical Report for its Snow Lake Operations in Manitoba

  • Hudbay Minerals Inc. filed a National Instrument 43-101 technical report for its Snow Lake operations in Manitoba, titled the "2026 Technical Report".
  • The report covers 100% owned assets including the Lalor mine, New Britannia gold mill, Stall concentrator, 1901 deposit, satellite deposits, & the New Britannia mine currently on care & maintenance.
  • The updated mine plan projects a 37% increase in gold production over the next five years with an average of 185,000 ounces annually.
  • Total life-of-mine gold production is now estimated at 2.8 million ounces, a 60% increase from the 1.8 million ounces in the 2021 report.
  • Mine life has been extended to 2043, driven by reserve conversions at Lalor & 1901, higher reserves at WIM & 3 Zone deposits, & new reserve estimates for Talbot & Rail deposits.
  • Mineral reserves increased by 38% in tonnage to 27 million tonnes containing 2.0 million ounces of gold.
  • The technical report was prepared under the supervision of Marc-André Brulotte, P. Geo., with an effective date of September 1, 2026, & supersedes all prior reports for the Snow Lake operations.
  • The report is available on Hudbay's website, SEDAR+, & the SEC's EDGAR database.
  • Hudbay is a copper-focused mining company with operations in Canada, Peru, & the United States, & maintains a growth pipeline including projects in Arizona, Nevada, & Peru.
  • The news release includes standard forward-looking information warnings regarding risks such as permitting, commodity prices, operational execution, & regulatory approvals.
Company
Hudbay Minerals Inc.
Keywords
Toronto Stock Exchange:HBM, Hudbay Minerals Inc., Hudbay Minerals