Hudbay Celebrates Groundbreaking of New Ingerbelle Expansion at Copper Mountain Mine

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TORONTO, June 18, 2026 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) recently celebrated the official groundbreaking of the New Ingerbelle expansion project at its Copper Mountain mine, marking a significant milestone for the operation and its long-term future in British Columbia. The event was attended by Hudbay’s executive team, employees, B.C.'s Minister of Mining and Critical Minerals, the B.C. Mining Association, the Chief of the Upper Similkameen Indian Band, regional representatives, and leaders from the local community. The event was also recognized by Canada’s Minister of Energy and Natural Resources.“New Ingerbelle is not just an expansion, it is a critical pillar of Hudbay’s long-term growth strategy in British Columbia,” said Peter Kukielski, President and Chief Executive Officer of Hudbay. “The opening of New Ingerbelle enhances the copper and gold production profile at Copper Mountain, secures more than 800 full-time jobs beyond 2040 and ensures the mine continues to deliver economic benefits at the local, regional and federal levels. Our efforts to optimize Copper Mountain, combined with the development of New Ingerbelle, will unlock significant long-term value for all of our stakeholders.” “Hudbay’s groundbreaking is more than a start of a new mine expansion. It’s a signal of confidence in Canada’s resource sector, in Canadian workers, and in our ability to build big things,” said the Honourable Tim Hodgson, Canada’s Minister of Energy and Natural Resources. “Our government is proud to see a strong and proud Canadian company continuing to invest, grow and create opportunities in British Columbia.” “Today marks the important beginning of the next phase in a project that will continue contributing to well-paying jobs in this region for many years to come,” said Jagrup Brar, British Columbia’s Minister of Mining and Critical Minerals. “This expansion is a huge vote of confidence in this community, reflecting the skills and training of workers who make this industry possible, and the strong momentum in British Columbia’s world-leading mining and critical minerals sector.” The groundbreaking comes shortly after the Government of British Columbia added New Ingerbelle to its list of priority resource projects, recognizing initiatives that support economic growth, responsible resource development an...

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