The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Continued from pg. 1 'The mobility of people and ideas has already begun at HudBay. We have seen people move from Flin Flon to the corporate office in Toronto so their skills and expertise can be shared across the company.' Though HudBay's mineral output may rise in the coming years, that will not necessarily be the case in 2012. HudBay forecasts that this year, from a production point of view, will look a lot like 2011 _ but likely with less copper output. Due to the planned closures of the Trout Lake and Chisel North mines, HudBay expects to produce 35,000 to 40,000 tonnes of copper in 2012. The company projected copper output of 40,000 to 55,000 tonnes in 2011. Precious metal and zinc production are expected to remain virtually unchanged from 2011 levels. In total, HudBay plans to mill 2.03 million tonnes of ore next year, down slightly from the 2.2 million that was anticipated in 2011. Production at 777 is expected to rise slightly to 1.55 million tonnes in 2012, up from 1.49 million tonnes in 2011. Copper grades at 777 are expected to be slightly higher than reserve grades due mainly to the areas planned for mining in the new year. As it enters its final months, Trout Lake mine is expected to produce 230,000 tonnes of ore, almost half of the 450,000 that was projected in 2011. The mine is set to close in June. Also rapidly approaching closure, Chisel North mine is projected to yield just 165,000 tonnes of ore, down from 260,000 tonnes this year. With early production beginning, Lalor is anticipated to turn out 86,000 tonnes of ore. Revenues and costs from Lalor operations prior to the start of commercial production in 2014 will be capitalized.
