Hudbay Celebrates Major Milestone with Millionth Ounce of Gold Recovered from Lalor Mine

Core Insights - Hudbay Minerals Inc. has achieved a significant milestone by surpassing one million ounces of gold produced at its Lalor Mine in Snow Lake, Manitoba, highlighting the company's operational efficiency and exploration expertise [1][2] Company Performance - The achievement of one million ounces of gold underscores the robust performance of the Lalor Mine, attributed to strategic investments, operational improvements, and successful exploration initiatives [2] - The New Britannia mill, which began operations in late 2021, has significantly contributed to gold production, achieving record throughput levels and increasing annual gold production by approximately 90% from 2020 to 2022 [5] - In 2023, the New Britannia mill reached record annual gold production of 187,363 ounces, exceeding its design capacity [5] Mineral Resources - Current mineral reserve estimates indicate approximately two million ounces of contained gold, with an additional 1.4 million ounces in inferred mineral resources, suggesting potential for further growth in the mineral resource base through ongoing exploration [3] Future Outlook - The company anticipates continued success in gold production, with expectations to exceed the upper end of the 2024 gold production guidance range of 200,000 ounces [5]