Hudbay Resumes Operations in Peru

Core Viewpoint - Hudbay Minerals Inc. has resumed operations at the Constancia mine in Peru after a temporary shutdown due to local protests and illegal blockades, with the mill now operating at full production levels [1][2]. Group 1: Operational Updates - Operations were suspended on September 22 as a precaution for personnel safety, allowing authorities to address the protests [2]. - During the downtime, preventative maintenance was performed on the mill and mining equipment, and workforce levels are expected to return to normal soon [2]. - The company anticipates meeting its 2025 production and cost guidance despite the disruptions [2]. Group 2: Impact of Protests - Regional protests in early Q3 affected transportation of supplies and concentrate, leading to a deferred shipment of 20,000 dry metric tonnes of copper concentrate from late September to early October [4]. - The company has managed to replenish supplies and normalize concentrate inventory levels despite the challenges posed by social unrest and ocean swells impacting port shipments [4]. Group 3: Community Relations - Since the start of operations at Constancia in 2014, the company has focused on maintaining strong relationships with local stakeholders to ensure sustainable operations [3]. - Hudbay is committed to being a responsible operator and contributing to the prosperity of local and regional communities [3][9]. Group 4: 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's portfolio includes the Constancia mine, Snow Lake operations, and Copper Mountain mine, with copper as the primary metal produced [8].