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Hudbay Minerals Restarts Snow Lake Operations Post Wildfire Disruption
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Key Takeaways
Hudbay Minerals resumed Snow Lake mining operations after wildfire-driven evacuations were lifted Saturday.
HBM is prioritizing gold zones at Lalor mine and expects full production at the New Britannia mill this week.
HBM pledged above $2M in wildfire relief, including $1.6M for workers and $500K to the Canadian Red Cross.
Hudbay Minerals Inc. (HBM - Free Report) announced that it resumed operations in the Snow Lake mine, Manitoba, after evacuation orders were lifted on Saturday following a wildfire crisis.
On June 4, 2025, the company announced the temporary suspension of operations in the Snow Lake mine due to advancing wildfires.
Hudbay Minerals' proactive measures and community response initiatives have protected Snow Lake and Flin Flon infrastructure and facilities from structural damage.
HBM has resumed mining operations at the Lalor mine, wherein the company is currently prioritizing the gold zones. The company expects the New Britannia gold mill to reach full production this week and the Stall base metal concentrator to ramp up next week.
Hudbay Minerals remains on track to meet its 2025 annual guidance for Manitoba, driven by strong year-to-date performance in the Snow Lake mine.
HBM’s Focus on Employee Safety
Hudbay Minerals is working closely with local communities and authorities to help its employees and neighbors return to the region.
HBM has decided to double its initial commitment, pledging more than $2 million in support. It will now contribute $1.6 million to evacuated employees and a $500,000 donation to the Canadian Red Cross for wildfire relief in the region.
The company has also secured accommodations for evacuated employees and their families, as well as deployed external firefighters.
Hudbay Minerals has started a community Relief Donations Fund, wherein it will contribute $2 for every $1 donated by its employees.
Hudbay Minerals Stock’s Price Performance
Shares of the company have gained 11.6% in the past year compared with the industry’s 1% growth.
SSR Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM’s 2025 earnings is pegged at $1.14 per share, implying year-over-year growth of 307%. SSR Mining stock has soared 88.6% in the last year.
Carpenter Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $7.20 per share, which indicates year-over-year growth of 51.9%. Carpenter Technology shares have skyrocketed 111% in the last year.
ATI has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI’s 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI shares have jumped 54% in the last year.
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Hudbay Minerals Restarts Snow Lake Operations Post Wildfire Disruption
Key Takeaways
Hudbay Minerals Inc. (HBM - Free Report) announced that it resumed operations in the Snow Lake mine, Manitoba, after evacuation orders were lifted on Saturday following a wildfire crisis.
On June 4, 2025, the company announced the temporary suspension of operations in the Snow Lake mine due to advancing wildfires.
Hudbay Minerals' proactive measures and community response initiatives have protected Snow Lake and Flin Flon infrastructure and facilities from structural damage.
HBM has resumed mining operations at the Lalor mine, wherein the company is currently prioritizing the gold zones. The company expects the New Britannia gold mill to reach full production this week and the Stall base metal concentrator to ramp up next week.
Hudbay Minerals remains on track to meet its 2025 annual guidance for Manitoba, driven by strong year-to-date performance in the Snow Lake mine.
HBM’s Focus on Employee Safety
Hudbay Minerals is working closely with local communities and authorities to help its employees and neighbors return to the region.
HBM has decided to double its initial commitment, pledging more than $2 million in support. It will now contribute $1.6 million to evacuated employees and a $500,000 donation to the Canadian Red Cross for wildfire relief in the region.
The company has also secured accommodations for evacuated employees and their families, as well as deployed external firefighters.
Hudbay Minerals has started a community Relief Donations Fund, wherein it will contribute $2 for every $1 donated by its employees.
Hudbay Minerals Stock’s Price Performance
Shares of the company have gained 11.6% in the past year compared with the industry’s 1% growth.
Image Source: Zacks Investment Research
HBM’s Zacks Rank & Other Stocks to Consider
The company currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the basic materials space are SSR Mining Inc. (SSRM - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and ATI Inc. (ATI - Free Report) . SSR Mining currently sports a Zacks Rank #1 (Strong Buy), and Carpenter Technology and ATI carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
SSR Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM’s 2025 earnings is pegged at $1.14 per share, implying year-over-year growth of 307%. SSR Mining stock has soared 88.6% in the last year.
Carpenter Technology has an average trailing four-quarter earnings surprise of 11.1%. The Zacks Consensus Estimate for CRS’ 2025 earnings is pegged at $7.20 per share, which indicates year-over-year growth of 51.9%. Carpenter Technology shares have skyrocketed 111% in the last year.
ATI has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI’s 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI shares have jumped 54% in the last year.