Base and precious metals miner Hudbay Minerals has outlined a new mine plan for the Lalor mine, in Manitoba, which extends the mine life beyond ten years and transitions the operation to a primary gold mine, which will be one of the lowest-cost in Canada.
The new mine plan includes the processing of gold and copper/gold ore at the New Britannia mill, which Hudbay will refurbish at a cost of C$124-million. This will increase production to about 140 000 oz/y during the first five years, at a sustaining cash cost, net of by-product credits, of $450/oz.