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January 9, 2013
08:52 EDTHBMHudbay Minerals reports FY12 production and FY13 guidance
HudBay Minerals reports FY12 production of all metals met Hudbay's published 2012 guidance. FY12 copper production was 39,587 tonnes. Contained copper production in concentrate in 2013 is expected to decrease slightly over 2012 because of the closures of the Trout Lake and Chisel North mines in 2012 following the end of their mine lives. FY13 copper production is expected to be about 33,000-38,000 tonnes. FY12 zinc production was 80,866 tonnes. Contained zinc production in concentrate in 2013 is expected to increase over 2012 levels, due to the full year of production expected from the main ventilation shaft at Lalor. FY13 zinc production is expected to be about 85,000-100,000 tonnes. FY12 precious metals production was 101,059 tonnes. Precious metals production is expected to remain essentially unchanged from 2012 levels. FY13 precious metals is expected to be about 85,000-105,000 tonnes.
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