Hudbay extends Snow Lake mine life to 2043
HBM•HBM•HBM•HBM•Hudbay filed an updated technical report extending the reserve mine life at its Snow Lake operations in Manitoba to 2043. Life-of-mine gold production rises 60% to 2.8 million ounces, while production over the next five years is projected to average 185,000 ounces annually.
Hudbay filed an updated technical report for its Snow Lake operations in Manitoba, extending reserve mine life to 2043. The report raises projected life-of-mine gold production 60% to 2.8 million ounces from 1.8 million ounces in the 2021 report, and projects average annual production of 185,000 ounces over the next five years, up 37%.
Mineral reserves total 27 million tonnes containing 2 million ounces of gold, with tonnage up 38% from January 1, 2026. The expansion reflects reserve conversion at Lalor and 1901, increased satellite reserves, and initial reserves at Talbot and Rail.
