Hudbay Provides an Update on Snow Lake Operations due to Wildfire Evacuation Order
Hudbay Minerals (TSX, NYSE: HBM) has announced a temporary suspension of operations at its Snow Lake facility in Manitoba due to mandatory wildfire evacuation orders. The company has implemented emergency preparedness procedures, securing assets and maintaining a limited workforce for monitoring and emergency activities.
Despite the challenging situation, Hudbay believes its infrastructure faces low risk of damage from the wildfires. Operations in Flin Flon remain unaffected, though some exploration activities near Snow Lake have been paused. The company maintains confidence in achieving its 2025 annual guidance metrics for Manitoba despite these temporary disruptions.
Hudbay Minerals (TSX, NYSE: HBM) ha annunciato una sospensione temporanea delle operazioni presso il suo stabilimento di Snow Lake, Manitoba, a causa degli ordini obbligatori di evacuazione per gli incendi boschivi. L'azienda ha attivato procedure di emergenza, mettendo in sicurezza le risorse e mantenendo un numero limitato di personale per il monitoraggio e le attivit脿 di emergenza.
Nonostante la situazione difficile, Hudbay ritiene che la sua infrastruttura corra un basso rischio di danni a causa degli incendi. Le operazioni a Flin Flon non sono state interessate, anche se alcune attivit脿 di esplorazione vicino a Snow Lake sono state sospese. L'azienda resta fiduciosa nel raggiungere i suoi obiettivi annuali per il 2025 in Manitoba nonostante queste interruzioni temporanee.
Hudbay Minerals (TSX, NYSE: HBM) ha anunciado una suspensi贸n temporal de las operaciones en su instalaci贸n de Snow Lake, Manitoba, debido a 贸rdenes obligatorias de evacuaci贸n por incendios forestales. La empresa ha implementado procedimientos de preparaci贸n para emergencias, asegurando los activos y manteniendo una fuerza laboral limitada para monitoreo y actividades de emergencia.
A pesar de la situaci贸n desafiante, Hudbay considera que su infraestructura tiene un bajo riesgo de da帽os por los incendios. Las operaciones en Flin Flon contin煤an sin afectaciones, aunque algunas actividades de exploraci贸n cerca de Snow Lake han sido pausadas. La compa帽铆a mantiene la confianza en alcanzar sus metas anuales para 2025 en Manitoba a pesar de estas interrupciones temporales.
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Hudbay Minerals (TSX, NYSE: HBM) a annonc茅 une suspension temporaire des op茅rations dans son site de Snow Lake, au Manitoba, en raison des ordres d'茅vacuation obligatoires li茅s aux incendies de for锚t. L'entreprise a mis en place des proc茅dures d'urgence, s茅curisant ses actifs et maintenant une 茅quipe r茅duite pour la surveillance et les interventions d'urgence.
Malgr茅 la situation difficile, Hudbay estime que son infrastructure pr茅sente un risque faible de dommages caus茅s par les incendies. Les op茅rations 脿 Flin Flon ne sont pas affect茅es, bien que certaines activit茅s d'exploration pr猫s de Snow Lake aient 茅t茅 suspendues. L'entreprise reste confiante dans l'atteinte de ses objectifs annuels 2025 pour le Manitoba malgr茅 ces interruptions temporaires.
Hudbay Minerals (TSX, NYSE: HBM) hat eine vor眉bergehende Einstellung der Aktivit盲ten an seiner Anlage in Snow Lake, Manitoba, aufgrund verpflichtender Evakuierungsanordnungen wegen Waldbr盲nden bekannt gegeben. Das Unternehmen hat Notfallma脽nahmen eingeleitet, Verm枚genswerte gesichert und eine begrenzte Belegschaft f眉r 脺berwachungs- und Notfallaufgaben eingesetzt.
Trotz der schwierigen Lage geht Hudbay davon aus, dass die Infrastruktur ein geringes Schadensrisiko durch die Waldbr盲nde aufweist. Die Betriebe in Flin Flon sind nicht betroffen, obwohl einige Erkundungsaktivit盲ten in der N盲he von Snow Lake pausiert wurden. Das Unternehmen ist zuversichtlich, trotz dieser vor眉bergehenden Unterbrechungen seine j盲hrlichen Zielvorgaben f眉r Manitoba 2025 zu erreichen.
- Company maintains confidence in achieving 2025 annual guidance despite disruptions
- Infrastructure and facilities in Snow Lake have low risk of wildfire damage
- Flin Flon operations continue unaffected
- Emergency preparedness procedures effectively implemented
- Temporary suspension of Snow Lake operations
- Exploration activities near Snow Lake paused
- Limited workforce operation affecting production capacity
Insights
Hudbay's temporary Snow Lake shutdown due to wildfires appears well-managed with minimal long-term impact expected.
Hudbay Minerals has implemented a controlled temporary suspension of its Snow Lake operations in response to mandatory wildfire evacuation orders in northern Manitoba. This represents a short-term operational disruption, but several factors mitigate concerns about significant financial impact.
The company has executed what appears to be a well-prepared emergency response plan, securing assets and maintaining a skeleton crew for essential monitoring. Most importantly, management believes their infrastructure faces low risk of physical damage from the fires. This suggests the disruption is primarily about personnel safety rather than potential asset impairment.
Two key elements in this announcement are particularly reassuring for operational continuity. First, Flin Flon operations remain completely unaffected by the wildfires, providing ongoing production. Second, despite this disruption, Hudbay maintains its annual guidance for Manitoba operations, indicating the company has sufficient operational flexibility to compensate for this temporary shutdown.
The reference to "insights gained from previous wildfire experiences" suggests the company has navigated similar situations successfully before, which increases confidence in their ability to manage this disruption effectively. While the duration remains uncertain, dependent on wildfire containment, the company's emergency preparedness procedures should enable efficient resumption of operations when conditions permit.
This type of temporary disruption typically results in deferred rather than lost production, especially given management's confidence in meeting annual targets despite the shutdown.
TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (鈥淗udbay鈥� or the 鈥淐ompany鈥�) (TSX, NYSE: HBM) continues to respond to the wildfire situation in northern Manitoba and is working closely with local and provincial authorities to ensure its employees remain safe as well as comply with the mandatory wildfire evacuation order effective today for the town of Snow Lake. As a result, the Company has enabled a controlled, safe and orderly temporary suspension of operations in Snow Lake.
Through the Company鈥檚 emergency preparedness procedures, all assets have been secured, and a limited workforce remains at site to conduct ongoing monitoring programs and assist with emergency activities. Hudbay believes its infrastructure and facilities in Snow Lake are well-protected from the wildfires and have a low risk of being damaged. Activities in Flin Flon continue unaffected given the current wildfires are not located near the city of Flin Flon. Some exploration activities near Snow Lake have been paused.
鈥淲e remain committed to ensuring the safety of our employees, their families, local First Nations members and the communities we serve. With the current unprecedented dry conditions in northern Manitoba, our team continues to manage through the intermittent wildfire situation, and we are proud of the proactive actions taken to minimize impact to our people and our facilities,鈥� said Rob Carter, Hudbay鈥檚 Senior Vice President, Canada. 鈥淲e expect a quick and safe return to full operations as soon as possible, and we will continue to work with local and provincial authorities to ensure continued rebuilding of our communities after this difficult wildfire season.鈥�
Hudbay expects operations to resume efficiently once the wildfire situation improves, given the effectiveness of the Company鈥檚 emergency preparedness procedures and the insights gained from previous wildfire experiences.聽The Company continues to expect to achieve its annual guidance metrics for Manitoba in 2025 despite the temporary wildfire impacts.
Forward-Looking Information
This news release contains 鈥渇orward-looking statements鈥� and 鈥渇orward-looking information鈥� (collectively, 鈥渇orward-looking information鈥�) within the meaning of applicable Canadian and United States securities legislation. Forward- looking information includes information that relates to, among other things, statements with respect to potential impacts from wildfires on the Company鈥檚 operations in Manitoba, including expectations for the return to normal operations at the Lalor mine and the New Britannia and Stall mills and the ability to achieve annual guidance expectations. Forward-looking information is not, and cannot be, a guarantee of future results or events.
Forward-looking information is based on, among other things, assumptions related to the return to normal operations, the ramp-up of production and the ability to achieve annual guidance that, while considered reasonable by Hudbay at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Hudbay does not assume any obligation to update or revise any forward-looking information after the date of this news release or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.
About Hudbay
Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States.
Hudbay鈥檚 operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum. Hudbay鈥檚 growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations.
The value Hudbay creates and the impact it has is embodied in its purpose statement: 鈥淲e care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities.鈥� Hudbay鈥檚 mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations.
For further information, please contact:
Candace Br没l茅
Vice President, Investor Relations, Financial Analysis and External Communications
(416) 814-4387
[email protected]
FAQ
How are Hudbay's (HBM) operations affected by the Manitoba wildfires?
Will the wildfire situation impact Hudbay's (HBM) 2025 guidance?
What measures has Hudbay (HBM) taken to protect its Snow Lake facilities?
Which Hudbay (HBM) operations remain active during the wildfire situation?
