Hudbay forecasts higher copper and gold production

Toronto-listed Hudbay has delivered on its plan for higher copper production in Peru and higher gold production in Manitoba, Canada, having completed $250-million in brownfield investments.

The miner increased copper production to 104 174 t and gold production to 219 700 oz in 2022, meeting its 2022 guidance.

However, production of copper and gold was at the lower end of the guidance range primarily owing to lower-than-planned grades in the fourth quarter in Peru caused by short-term mine plan changes that were implemented to mitigate the risks associated with logistical and supply chain disruptions in the country.