The new 21-year mine plan includes operational enhancements such as remobilizing idle haul trucks, opening additional mining faces, and accelerating stripping to access higher-grade ore. A capital investment of C$31.2 million in 2025-26 is expected to boost mill throughput to 50,000 tonnes per day.
Canaccord Genuity capital Markets mining analyst Dalton Baretto says the financial benefits of increased production might be offset by the substantial upfront investment required. “While the medium-term production profile is better than we had anticipated, economically, this has been more than offset by ~50% of the higher capex being front-loaded over the 2024-2026 period,” he said in a note to clients.
Hudbay closed the $439 million purchase of Copper Mountain and its mine of the same name in June. Early in November, it said it was working on finalizing the new mine plan to address what Hudbay’s president and CEO Peter Kukielski…
