Summary：**Hudbay Secures SENACE Approval to Amplify Constancia Mine Output in Peru**TORONTO, July 02, 2026 (

**Hudbay Secures SENACE Approval to Amplify Constancia Mine Output in Peru**

TORONTO,幅度 July 02, 2026 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM), a leading diversified mining company, has received the green light from the National Environmental Certification Service for Sustainable Investments in Perú (“SENACE”) to modify its environmental permit for the Constancia mine. The approval paves the way for a significant production boost at the mine, located in the Cusco region of Peru.

The key development comes as Hudbay's Constancia mine, which commenced operations in 2014, continues to demonstrate its potential as a long-life copper mine. The SENACE approval allows Hudbay to implement changes to its mining plan, enabling the company to increase production and capitalize on the current favorable copper market. With copper prices remaining robust due to growing demand from the renewable energy and electric vehicle sectors, Hudbay is poised to benefit from the increased output.

Industry analysts view Hudbay's move as a strategic step to optimize its copper production in response to the global shift towards cleaner energy sources. As the world transitions to a low-carbon economy, copper's importance as a critical component in renewable energy technologies and electric vehicles continues to grow. Peru, being one of the world's largest copper producers, is well-positioned to meet this increasing demand. Hudbay's Constancia mine, with its expanded production capacity, is expected to play a significant role in Peru's copper output.

Looking ahead, Hudbay's successful permit amendment is expected to have a positive impact on the company's production trajectory. With the Constancia mine's output set to increase, Hudbay is likely to see a corresponding rise in revenue, assuming copper prices remain stable. The company's ability to navigate the complex regulatory environment in Peru and secure the necessary approvals underscores its commitment to operational excellence and growth.

In conclusion, Hudbay's receipt of SENACE approval marks a significant milestone for the company, enabling it to unlock the full potential of its Constancia mine. As the global demand for copper continues to grow, Hudbay is well-positioned to capitalize on this trend, driven by its expanded production capacity in Peru. With its sights set on long-term growth, Hudbay is poised to remain a key player in the copper mining industry.