Rosemont Project:
Planning for the Future

The robust permitting and public comment period for Hudbay’s Rosemont copper project in Arizona is reflected in a Mine Plan of Operations that details the sound environmental management practices and advanced mining techniques Rosemont will operate under with respect to sustainability.


Reed Mine:
A Culture of Stewardship from Construction to Closure

In July 2018, Hudbay mined the last ore at the Reed mine. As soon as operations ceased, the team moved into the closure phase. The attention to detail the site team employed during the operating phase allowed them to achieve numerous closure milestones by the end of the year.


Constancia Land Package:
Expanding Our Pipeline

Hudbay’s Constancia operation in Peru demonstrates the Company’s best-in-class approach to exploring and developing new mines. Through continued exploration activities, Hudbay has identified opportunities to maintain the operation’s efficiencies and potentially extend Constancia’s mine life.


Hudbay Women’s Network:
Fostering Gender Diversity in Mining

Women make up around half of the workforce throughout Canada (Statistics Canada), but female representation at Hudbay is only 16% (a percentage that is consistent across the mining industry).


Flin Flon Closure:
Transparency and Respect

Hudbay and the town of Flin Flon in northern Manitoba have a shared history that goes back to Hudbay’s founding over 90 years ago.


Our Company

Hudbay is an integrated mining company producing copper concentrate (containing copper, gold and silver), molybdenum concentrate and zinc metal. Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Chumbivilcas (Peru), and a copper project in Arizona (United States). The Company is governed by the Canada Business Corporations Act, and its shares are listed under the symbol “HBM” on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima.


We will be a responsible top-tier operator of long-life, low-cost mines in the Americas.


Our mission is to create sustainable value through acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which we operate benefit from our presence.


Dignity & Respect

We treat each other in ways that bring out the very best in each of us.


We sustain and contribute to the well-being of people and the environment in which we operate.


We speak freely and listen with care about opportunities, issues and concerns.


We can count on each other to do the right thing, and we follow through on our commitments.

Where We Operate


Manitoba, Canada: Lalor 100% ownership Long-life, underground zinc/gold/silver/copper mine Stall and Flin Flon concentrators process Lalor base metal ore New Britannia concentrator to be refurbished to process Lalor gold-rich ore
Manitoba, Canada: 777 100% ownership Underground copper/zinc/gold/silver mine Flin Flon concentrator Hydrometallurgical zinc plant
Manitoba, Canada: Reed 70% ownership Underground copper mine (ceased operations on July 25, 2018)


Arizona, USA: Rosemont 100% ownership* Open pit copper project * Our ownership in Rosemont is subject to an earn-in agreement with United Copper and Moly LLC (UCM) pursuant to which UCM has earned a 7.95% interest in the project and may earn up to a 20% interest. We announced an agreement to purchase UCM’s Rosemont interest in our March 13, 2019 news release.


Chumbivilcas, Peru: Constancia 100% ownership Open pit copper/ molybdenum mine and concentrator

CEO MEssage

In 2018, Hudbay delivered strong operational results, including copper production that exceeded our guidance range for the year. We were also able to incorporate process improvements at each of our operating business units that drove additional efficiencies in our operations.

We delivered these results while maintaining strong safety performance at all of our operations. In Manitoba, our safety record improved compared to the previous year, with our lost time accident (LTA) frequency and lost time accident severity both down by 0.2. At our Peru Business Unit, we had only two lost time accidents, related to hand injuries sustained by contractors. However, good results are not perfect results, and with safety that is our goal; we continue to invest in incident reviews, in enhanced systems and in better training to improve our safety performance.

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FInancial Highlights

Cash generated from operating activities was $479.6 million in 2018

Copper production exceeded the midpoint of 2018 guidance by 14% (on a consolidated basis)

Decreased net debt to $465.5 million as at December 31, 2018, including cash and cash equivalents of $515.5 million

Updated reserve and resource estimates at Lalor, including a 65% increase in gold reserves

View Financial Highlights


Hudbay’s corporate social responsibility (CSR) efforts are led by a team of dedicated, experienced professionals, and guided by our values and by policies, systems and practices that uphold our commitment to responsible, sustainable development. To inform our sustainability programs and improve our performance, we ensure social and environmental risk mitigation programs are integrated throughout the business, establish standards and systems to support decision-making, follow international best practice standards, and participate in industry associations and multi-stakeholder groups.

View CSR Approach

of employees required to complete compliance training completed course

Hudbay’s Board of Directors ranked among the top 20% for overall governance quality by Institutional Shareholder Services

Received honourable mention award for sustainability reporting from Finance Montreal’s Finance and Sustainability Initiative (FSI)

Our People

of full-time employees represented by trade unions

indigenous employment in Manitoba

Lost Time Accident Frequency
(lost time accidents per 200,000 hours worked)

Social Impact

paid in employee wages and benefits

in community investments and charitable donations

We support development

Expomina recognized Hudbay Peru’s support of dairy processing plant



Environment Canada Award

Received Environment Canada’s Award of Merit for Flin Flon weather station

eco-efficiency process

Established guidance and a process for tracking our eco-efficiency