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BRIEF-Hudbay Minerals Gives Update On Inspection Completed To Date At 777 Mine In Flin Flon, Manitoba

Published 2020-10-26, 08:22 a/m
© Reuters.
HBM
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Oct 26 (Reuters) - Hudbay Minerals Inc HBM.TO :

* HUDBAY MINERALS - GIVES UPDATE ON INSPECTION COMPLETED TO DATE AT 777 MINE IN FLIN FLON, MANITOBA, FOLLOWING SKIP HOIST INCIDENT ANNOUNCED ON OCT. 11

* HUDBAY MINERALS - UNDERGROUND MINING ACTIVITY HAS RESUMED AT 777 WITH LIMITED PRODUCTION FROM MINE'S RAMP ACCESS

* HUDBAY MINERALS - IF CONFIRMED THERE IS NO DAMAGE BEYOND WHAT HAS BEEN IDENTIFIED TO DATE, EXPECTED 777 SHAFT COULD RESUME FULL PRODUCTION IN DEC.

* HUDBAY MINERALS INC - REPAIR COST FOR DAMAGE NOT EXPECTED TO EXCEED $5.0 MILLION

* HUDBAY MINERALS INC - Q4 PRODUCTION AND SALES VOLUMES WILL BE IMPACTED

* HUDBAY MINERALS - IMPLEMENTING PRODUCTION MITIGATION PLANS, EXPECTS MANITOBA BUSINESS UNIT TO ACHIEVE FY PRODUCTION, UNIT COST GUIDANCE FOR 2020

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