Hudbay resumes operations at Constancia mine in Peru

Hudbay Minerals restarts operations at its Constancia copper mine in Peru after a two-week shutdown caused by protests. Delayed shipments expected to trim Q3 sales.

Hudbay Minerals Inc. (TSX, NYSE: HBM) has officially restarted operations at its flagship Constancia copper mine in southern Peru, following a two-week suspension caused by local protests and transport blockades that restricted access to the site.

The company confirmed that logistics and production activities are gradually returning to normal, with its workforce resuming full operations in the coming days. During the temporary halt, Hudbay conducted preventive maintenance on both its milling facilities and mining equipment, ensuring readiness for an efficient restart.

Hudbay also reported that a 20,000-metric-tonne copper concentrate shipment—originally planned for late September—was delayed until early October due to road disruptions and unfavorable maritime conditions. The company noted that this delay will slightly reduce third-quarter sales volumes but emphasized that it does not expect a material impact on annual guidance.

Following the announcement, Hudbay’s shares rose 1.3% in New York trading, lifting the miner’s market capitalization to approximately $6.3 billion.

Located in the Cusco region, Constancia is one of Peru’s most important copper operations and a cornerstone of Hudbay’s global portfolio, producing roughly 100,000 tonnes of copper annually. The restart comes at a time when global copper markets remain tight, with supply risks mounting amid strong demand from the clean energy and electrification sectors.