Hudbay Minerals Responds to Social Unrest in Peru
TORONTO -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) is closely monitoring the social unrest that has recently erupted in Peru. The situation escalated significantly with riots in the capital city and protests spreading across various regions. In particular, Hudbay’s Constancia mine, located in a critical mining area, faces disruptions due to these local protests and illegal blockades affecting operations.
Prioritizing Employee Safety Amidst Challenges
Ensuring the safety of all personnel remains Hudbay's foremost concern. In light of the protests, Hudbay has temporarily demobilized non-essential workforce members as a precautionary measure. While operations at the Constancia mill were ongoing during the protests, the mill has been shut down for the time being to protect employees and allow local authorities to address the protests. This downtime will enable Hudbay to conduct essential maintenance on the mill, as they leverage this interruption to advance planned maintenance activities.
Commitment to Collaboration and Resolution
Hudbay is dedicated to collaborating with governmental and legal authorities to engage with protestors and seek a swift resolution. The Company believes that these temporary disruptions, while challenging, will be resolved, allowing operations to return to normalcy without compromising its projected production and cost guidance range for 2025.
Building Strong Community Relations
Since initiating operations at Constancia in 2014, Hudbay has prioritized fostering positive relationships with the surrounding communities. The Company is committed to ensuring sustainable operations and acting as a responsible operator that contributes positively to the local economies. Despite the current unrest, Hudbay remains focused on supporting the communities through engagement and collaboration.
About Hudbay Minerals
Hudbay (TSX, NYSE: HBM) is a company dedicated to mining critical minerals, primarily copper, with a portfolio that boasts three long-lasting operations and several promising growth projects. The firm operates the Constancia mine in Peru, alongside the Snow Lake operations in Manitoba and the Copper Mountain mine in British Columbia.
With copper as its main output, Hudbay's production is also complemented by meaningful quantities of gold, along with by-products such as zinc, silver, and molybdenum. The Company's growth pipeline includes notable projects, such as Copper World in Arizona, Mason in Nevada, and Llaguen in Peru, as well as various expansion and exploration initiatives near its existing mines.
Hudbay is committed to sustainable mining practices, which reflect its mission to care for its people, communities, and the environment. The company's purpose is to provide essential metals while transforming lives and fostering a prosperous future for all stakeholders.
For Further Contact
For more information about Hudbay or to address inquiries, please contact:
Candace Brûlé
Vice President, Investor Relations, Financial Analysis, and External Communications
(416) 814-4387
investor.relations@hudbay.com
Frequently Asked Questions
What is the current situation with Hudbay in Peru?
Hudbay is currently addressing social unrest that has led to protests and disruptions at its Constancia mine in Peru.
What measures has Hudbay taken to ensure employee safety?
The company has temporarily demobilized non-essential personnel and has halted mill operations as a precautionary measure amid the protests.
How does Hudbay plan to resolve the situation?
Hudbay aims to work collaboratively with government and legal authorities to engage with protestors for a swift resolution.
What is Hudbay's production outlook for 2025?
Despite current disruptions, Hudbay believes it will still meet its production and cost guidance for 2025.
What is Hudbay’s mission statement?
Hudbay's mission is to create sustainable value and strong returns while caring for people, communities, and the planet.
