Hudbay Minerals Releases Updated Mine Plan for Snow Lake Operations

06:53 AM EDT, 09/28/2026 (MT Newswires) -- Hudbay Minerals (HBM.TO) released an updated mine plan for its Snow Lake operations in Manitoba, extending its mine life by another two years, the company said Monday. Snow Lake's proven and probable reserve mine life extended to 2043, representing a total of six years added to the reserve mine life, including a four-year extension announced in March. The 2026-2030 five-year average annual gold production was updated to 185,000 ounces from continued strong mill throughput rates at New Britannia and higher gold recoveries at Stall, representing a 37% increase in total gold production. Total life-of-mine gold production was also increased by 60% to 2.8 million ounces. Mineral reserve estimates rose to 27 million tonnes containing 2.0 million ounces of gold, a 38% increase from the January estimate. Mineral resource estimates rose to 21 million tonnes containing 1.5 million ounces of gold, a 26% increase from the January estimate.