Flin Flon, Manitoba, Canada
Copper, Zinc, Gold and Silver
|2021 Royalty Revenue||C$15.0 million|
|Annual Production Capacity||1.1 million tonnes per annum polymetallic ore (2019)|
|Estimated Mine Life||end of Q2 2022|
Hudbay Minerals’ 777 mine is an underground polymetallic mine that has operated in the prolific Flin Flon greenstone belt for over fifteen years. The polymetallic nature of the ore which contains copper, zinc, gold and silver makes 777 a low cost producer. Hudbay has confirmed that the mine ceased operations in Q2 2022 in accordance with the closure plan. Because of the timing of royalty collections based on sales, residual royalty revenue in Q3 2022 from copper sales is expected.
Roderick Smith, P.Geo., Chief Geologist, is the qualified person as defined by NI 43-101 guidelines responsible for the technical data presented herein.