Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Hudbay Minerals has resumed its 777 mine’s operations in Manitoba, Canada with limited production after an accident on Oct 9 forced the mine to suspend production.


The company said on Monday that it has partially completed the inspection of the damage caused by the accident and assessed that prima facie that the structural integrity of the affected mine shaft is intact. However, it plans to complete an in-person inspection of the area in early November to get a detailed picture of the damage. 


The company plans to invest $5mn in repairs and start full production at the zinc and copper mine by December after the second round of assessments is completed. Hudbay noted that it does not expect the temporary shutdown to affect the overall Q4 production of the metals and is confident about the mine reaching its annual guidance. 


The 777 mine produces nearly 3,000mt of zinc and copper on a daily basis at its underground mining activity.


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