Hudbay Resumes Snow Lake Operations After Wildfire Evacuation Order

Hudbay Minerals Inc. (NYSE:HBM) is among the 11 Best Copper Stocks to Buy Now. It has restarted operations in Snow Lake after the evacuation order was removed on June 14, 2025.

Hudbay Resumes Snow Lake Operations After Wildfire Evacuation Order.

An aerial view of a copper mine, showing the intricate workings of heavy machinery.

The Lalor mine has resumed mining, with a focus on gold zones. The Stall concentrator is projected to reach full output shortly, while the New Britannia mill is anticipated to reach full production soon. The Snow Lake and Flin Flon facilities at Hudbay Minerals Inc. (NYSE:HBM) were unharmed structurally. The business anticipates meeting its 2025 Manitoba production projection despite the ongoing evacuations of Flin Flon.

Hudbay Minerals Inc. (NYSE:HBM) activated emergency measures during the wildfire disaster and raised its funding to more than $2 million. This includes a $500,000 payment to the Canadian Red Cross and $1.6 million for employees who were evacuated. Furthermore, a Community Relief Fund was established, which doubled the amount of employee donations.

Hudbay Minerals Inc. (NYSE:HBM) upheld its infrastructure, sent out outside firefighters, and found housing for displaced workers. Rob Carter, senior vice president, highlighted the company’s dedication to supporting impacted communities and collaborating with local authorities on recovery. It is one of the best copper stocks.

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