Toronto-listed Hudbay Minerals has surpassed a total of one-million ounces of gold produced at its Lalor mine in Snow Lake, Manitoba.
“We are so pleased with the dedication and hard work of the Manitoba operating team that has led to this outstanding achievement,” said president and CEO Peter Kukielski.
“This milestone underscores Lalor’s robust performance and is the result of strategic investments, continuous operational improvements and exploration success, along with the team’s focus on building a long-term sustainable business. Hudbay’s long-standing history in Manitoba and significant future exploration initiatives will continue to drive prosperity in the region and generate significant future cash flows for the business.”
With about two-million ounces of contained gold in current mineral reserve estimates and another 1.4-million ounces of contained gold in inferred mineral resources, Hudbay expects to continue to unlock significant value in Snow Lake.
It is also looking to grow the mineral resource base through regional exploration as the company continues to execute one of the biggest exploration programmes in its history in Snow Lake. 