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Investing.com -- Hudbay Minerals Inc . (NYSE:HBM) announced the suspension of its operations in Snow Lake, northern Manitoba, in response to advancing wildfires in the area. The company is working closely with local authorities to ensure the safety of its employees and to comply with regional wildfire evacuation orders.
On May 29, 2025, Hudbay had disclosed its response to the fires near Flin Flon and its intention to keep the Snow Lake operations running at temporarily reduced production levels. However, due to the continued spread of the fires, an early evacuation notice was issued for Snow Lake. In response, Hudbay has implemented its emergency preparedness procedures, resulting in a controlled, temporary suspension of operations in the area.
Essential personnel authorized by emergency services will remain in Snow Lake to assist with emergency activities. The company believes its infrastructure and facilities in Snow Lake and Flin Flon are well-protected from the wildfires and face a low risk of damage.
Rob Carter, Hudbay’s Senior Vice President, Canada, stated, "The safety of our employees, their families, our First Nations partners and the communities we serve remains our top priority. With the wildfires spreading, Hudbay has taken additional actions to support our employees, including $1 million in direct financial support and establishing a Community Relief Donations Fund."
Despite the temporary suspension, Hudbay still expects to meet its annual guidance metrics for Manitoba in 2025 due to the strong performance in Snow Lake earlier this year. The company’s exploration activities in the Flin Flon and Snow Lake regions also remain on hold as fire mitigation efforts continue.
In addition to the $1 million in direct financial support for evacuated Hudbay employees, the company has established a Community Relief Donations Fund, where it will match the total amount donated by its employees. Hudbay is also supporting community and emergency response efforts, deploying external firefighters, protecting its assets, and maintaining communication with local communities and provincial authorities about the resources it has available to assist emergency response efforts.
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