TORONTO, ON–(Marketwired – March 30, 2017) – Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX: HBM) (NYSE: HBM) is pleased to announce an optimized mine plan for its 100%-owned Lalor mine in Manitoba, Canada as well as a feasibility study for its Rosemont project in Arizona, United States. The company has also provided its annual mineral reserve and resource update for all of its properties. All amounts are in U.S. dollars, unless otherwise noted.
Updated Lalor mine plan incorporates a throughput rate of 4,500 tonnes per day at the Stall concentrator, an increase from the current 3,000 tonnes per dayPlanned Lalor zinc production increases to 90 thousand tonnes contained in concentrate in 2017, from 71 thousand tonnes in 2016Feasibility work is ongoing for the Lalor gold zone and copper-gold zone targeting an additional 1,500 tonnes per day through the New Britannia mill to fully utilize Lalor’s 6,000 tonnes per day shaft capacity
Rosemont is expected to have a 19-year mine life and demonstrates robust economics with a projected 15.5% after-tax project IRR on the estimated $1.9 billion project capital cost (100% basis) at a copper price of $3.00 per poundRosemont is expected to have average annual production over the first 10 years of 127 thousand metric tonnes of copper at an average annual cash cost of $1.14 per pound of copper and sustaining cash cost of $1.59 per pound of copper1Development of Rosemont is conditional upon receipt of final permits and the approval of Hudbay’s Board of Directors
“Our enhancements to the Lalor mine plan offer low-cost, near term zinc production growth with potential future gold production…
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