01:04 PM EST, 02/20/2026 (MT Newswires) -- Hudbay Minerals ( HBM ) on Friday said it received key permit amendments for the New Ingerbelle expansion project at its Copper Mountain mine located in British Columbia.

The company said it received the amended Mines Act and Environmental Management Act permits through the coordinated authorizations process managed by the British Columbia Major Mines Office.

In a statement the company noted that this enhances the copper and gold production profile at Copper Mountain, secures a longer mine life, protects more than 800 jobs and ensures continued economic benefits at the local, regional and federal levels.

"The New Ingerbelle permit ensures that we'll be able to advance this major project while extending our partnership with local communities to facilitate additional growth investments at Copper Mountain and further adds to our 99 years of successful operations in Canada," said chief executive Peter Kukielski. "Our efforts to optimize Copper Mountain, combined with the development of New Ingerbelle, will unlock significant long-term value for all of our stakeholders."

The company's shares were last seen down $0.50 to $33.36 on the Toronto Stock Exchange.

Price: 33.30, Change: -0.56, Percent Change: -1.65