Hudbay Comments on Peru Social Unrest

Core Viewpoint - Hudbay Minerals Inc. is currently facing social unrest in Peru, impacting its operations, particularly at the Constancia mine, due to protests and illegal blockades [1][2][3]. Group 1: Operational Impact - The safety of personnel is prioritized, leading to the temporary demobilization of non-essential workforce and a shutdown of the Constancia mill for safety and maintenance [2][3]. - Despite the disruptions, Hudbay believes that these temporary issues will not affect its ability to meet production and cost guidance for 2025 [3]. Group 2: Community Relations - Hudbay has a history of engaging with local stakeholders since the start of operations at Constancia in 2014, focusing on sustainable long-term operations and building strong community relationships [4]. - The company is committed to being a responsible operator and contributing to the prosperity of local and regional communities [4][9]. Group 3: Company Overview - Hudbay is a copper-focused mining company with operations in Canada, Peru, and the United States, and has a pipeline of copper growth projects [7][8]. - The company produces copper as its primary metal, along with gold, zinc, silver, and molybdenum as by-products [8].