Hudbay Minerals resumes operations in Peru

Hudbay Minerals (HBM) has resumed operations at the Constancia mine in Peru following a temporary shutdown due to local protests and illegal blockades. The company said, “The safety of all personnel is the Company’s top priority, and Hudbay suspended operations on September 22nd as a precaution to ensure the safety of personnel and allow time for the authorities to address the illegal protests. Hudbay has recently restarted operations at Constancia with the mill now at full production levels. During the temporary downtime, the team performed preventative maintenance at the mill and on certain mining equipment. The workforce is expected to return to normal levels over the coming days, and the Company continues to expect to meet its 2025 production and cost guidance ranges. Social protests happen from time to time in Peru, and since the start of operations at Constancia in 2014, Hudbay has been focused on working with local stakeholders to ensure successful and sustainable long-term operations. Hudbay actively maintains strong relationships with the communities near Constancia and ensures continuous constructive dialogue. The Company is committed to being a safe and responsible operator and a significant long-term contributor to the prosperity of the local and regional communities. As mentioned in the Company’s second quarter 2025 results, regional protests that started early in the third quarter temporarily impacted the transportation of supplies and concentrate to and from the Constancia site and affected mine sequencing. Despite the local protest and illegal blockade late in the quarter, the Company has replenished supplies and reduced site concentrate inventory levels. With the regional social unrest impacting transportation routes earlier in the third quarter and ocean swells impacting port shipments in late September, a 20,000 dry metric tonne copper concentrate shipment was deferred from late September to early October, thereby reducing sales volumes in the third quarter. This shipment was subsequently sold early in the fourth quarter and total concentrate inventory levels have normalized.”