Hudbay ups Manitoba's operating cost guidance

Toronto-headquartered Hudbay Minerals on Tuesday confirmed that it would meet its production guidance for 2018, but flagged higher operating costs at its Manitoba unit, citing cold weather conditions, higher costs at the 777 mine and the impact of a fan outage at Lalor.

The combined mine and mill unit operating cost for the Manitoba unit is now expected to be between C$125/t and C$135/t in 2018, compared with an initial guidance of C$110/t to C$123/t.