Lalor and the Stall mill achieved record production levels and the New Britannia gold mill refurbishment, which will enable an increase in Lalor's annual gold production to over 150,000 ounces, is on track for completion by the end of 2021." "We are very pleased with the work we've done this year to protect our balance sheet and improve our liquidity position," said Eugene Lei, Hudbay's Senior Vice President, Corporate Development & Strategy and Interim Chief Financial Officer. "We started the year by proactively amending our covenants under the revolving credit facilities to provide us with more flexibility in this volatile market. The recent gold prepay transaction provides a non-dilutive, low cost of capital financing, enabling us to fund our Snow Lake gold growth initiatives in a prudent manner by utilizing a fraction of New Britannia's first two years of gold production, while protecting our balance sheet, preserving our existing cash and improving our total available liquidity.