Business
Hudbay Minerals Publishes 2024 Annual Report, “Built to Grow”
TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) today announced the release of its 2024 annual repor
About this update from Hudbay Minerals Inc
[{"type":"text","content":" TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) today announced the release of its 2024 annual report (“Annual Report”) which provides insight and transparency on key business, operating and financial accomplishments, as well as sustainability performance aligned with recognized global reporting standards. “2024 was a year of notable achievements for Hudbay across all our operations, projects and corporate activities. These achievements, built on work we accomplished in 2023 and on the solid foundation we have assembled in recent years, demonstrate the growing strength of our operating portfolio and the remarkable potential of our project pipeline,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “Hudbay met – and in many cases outperformed – our consolidated production and cost goals for 2024. We also achieved significant permitting milestones that will help to extend the life of our existing operations and create opportunities to develop new mines. Additionally, we fortified our balance sheet, reducing debt and improving our free cash flow while maintaining strict cost discipline and creating value for our shareholders. At all our operations we took steps that align with our commitment to the environment and the overall reduction of emissions. Across our company we moved to acknowledge our people, strengthen our culture, and help to develop a new generation of leaders who will guide Hudbay as it enters a period of lasting growth and expansion.” Hudbay’s purpose statement serves as the cornerstone for the Company’s commitment to responsible and ethical business practices. “We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities.” Our People Hudbay assesses its health and safety performance against the Mining Association of Canada's (\"MAC\") Towards Sustainable Mining (\"TSM\") Safety and Health Protocol. In 2024, Peru achieved level AAA ratings across all indicators. British Columbia and Manitoba achieved level AAA ratings on four indicators, and one level AA rating. In Peru, Hudbay launched the Unidas or “United” program in 2024, a platform created by women for women to foster inclusion, support and empowerment withi...