Hudbay Minerals Confirms 2025 Production Outlook

(RTTNews) - Hudbay Minerals Inc. (HBM) Thursday confirmed its fiscal 2025 production outlook. The company also released its updated mineral reserve estimates as well as new three-year production guidance.

Hudbay Minerals sees consolidated copper production to be 144,000 tonnes per year on an average, over the next three years. In 2027, production of copper is expected at 161,000 tonnes, 17 percent increase from 2024.

The company expects Gold production to average 253,000 ounces per year over the next three years.

Expcted mine life of Constancia is maintained until 2041, with average annual copper production of over 88,000 tonnes over the next three years. Snow Lake's expected mine life is optimized to 2037 with average annual gold production of more than 193,000 ounces over the next three years.

Copper Mountain's expected mine life is maintained until 2043. The company expects average annual copper production from Copper Mountain to be 44,000 tonnes over the next three years, including 60,000 tonnes in 2027, a 127 percent increase from 2024.