Hudbay Enhances Gold Production Profile at Snow Lake, Extends Reserve Mine Life to 18 Years and Identifies Further Growth Potential from Resource Conversion and the Britannia Gold Project
Hudbay released an updated mine plan for its Snow Lake operations extending the proven and probable reserve mine life by two years to 2043, an 18-year total after a combined six years of extensions since early 2026. Five-year average annual gold production is updated to 185,000 ounces (37% above the 2021 technical report) and life-of-mine gold production rises 60% to 2.8 million ounces, at five-year average cash costs of $821 per ounce and sustaining cash costs of $1,379 per ounce.
Key figures
- Reserve tonnes
- 27 million tonnes
- Reserve gold oz
- 2.0 million ounces
- Resource tonnes
- 21 million tonnes
- Resource gold oz
- 1.5 million ounces
- Reserve mine life end
- 2043
- Additional lom gold oz
- 510,000
- Reserve mine life years
- 18
- Reserve tonnage increase
- 38%
- Britannia inferred tonnes
- 8.3 million tonnes
- Gold cash cost per oz 5yr
- $821
- Resource tonnage increase
- 26%
- Lom gold production increase
- 60%
- Five year production increase
- 37%
- Life of mine gold production oz
- 2,800,000
- Sustaining cash cost per oz 5yr
- $1,379
- Five year avg gold production oz
- 185,000
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