777 mine life extended into second quarter of 2022

Bumps expected closure date from late 2021 to as late as June 2022

The lifespan of 777 mine has been extended into 2022, according to a newly released estimate from Hudbay.

The company released an update on their Manitoba Business Unit properties March 28, including new information regarding the only mine operating in the Flin Flon area. This new resource takes the mine’s anticipated shutdown date from the end of 2021 to the second quarter of 2022, extending the mine’s lifespan anywhere from four to seven months.

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New information from the company states the 777 mine has a proven mineral reserve of 2,169,000 tonnes and a probable mineral reserve of 1,384,000 tonnes, combining for more than 3.5 million tonnes of mineral reserve at grades of 1.48 per cent copper, 4.17 per cent zinc, 1.87 per cent gold and 24.58 per cent silver.

This is joined by 375,000 tonnes of indicated mineral reserves and 395,000 of inferred mineral reserves.

On Hudbay’s website, a mineral reserve for the 777 mine current as of January 1, 2018 stated the mine had a proven reserve of 2,625,000 tonnes and a probable reserve of 1,251,000 tonnes. with 736,000 tonnes of indicated resources and 673,000 tonnes in inferred resources.

Updated information regarding Lalor mine and other Hudbay projects, including the Ann Mason project in Nevada, Rosemont project in Arizona and Constancia mine in Peru was also released by the company March 28.

“We continue to drive momentum across our business with the Lalor mine’s successful ramp up to 4,500 tonnes per day, extending 777’s mine life into 2022 and moving Rosemont forward in a prudent manner,” said Hudbay president and CEO John Hair in a press release.

The Reminder will have further information in our April 3 issue.

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