Hudbay Provides Annual Reserve and Resource Update with Mine Life Extensions and Improved Three-Year Production Outlook
Original announcement by tmx on
- Company
- Hudbay Minerals Inc.
- Ticker
- HBM
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Copper
- Secondary commodities
- Gold, Zinc, Silver, Molybdenum
- Document categories
- Resource update, Production, Drill results
- Extracted
- 2026-08-25 14:42:59 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Hudbay Minerals has released its annual mineral reserve and resource update, extending mine lives at Constancia, Snow Lake, and Copper Mountain, and providing an improved three-year production outlook. Consolidated copper production is projected to increase significantly by 2027-2028, complemented by strong gold production. The company also reported new drill results from the Talbot deposit and highlighted the de-risking of its Copper World project through a joint venture.
Reasoning: Hudbay has provided a comprehensive update showing significant mine life extensions across its key operations and an improved production outlook for copper and gold. The resource and reserve updates reflect successful exploration and optimization efforts, particularly at Snow Lake and Copper Mountain. The de-risking of the Copper World project through a JV is also a major positive. While gold production is down from 2025 due to Pampacancha depletion, the overall outlook is strong.
Positive factors
- Mine life extensions at Constancia, Snow Lake, and Copper Mountain
- Increased consolidated copper production outlook for 2027-2028
- Strong gold production outlook
- Significant resource-to-reserve conversions and re-evaluation gains at Snow Lake
- Successful JV transaction for Copper World de-risking the project
- New drill results at Talbot confirm resource expansion potential
Negative factors
- Gold production decrease from 2025 levels due to Pampacancha depletion
- Inferred resources still represent a significant portion of total resources at several projects
Facts used in scoring: 207
Extracted facts
Stored fact records: 207. Some facts used in scoring do not have a stored record.
Resource Estimates (207)
provenConstancia Operations · copperTonnes: 458800000Grade: 0.243Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 0.243
- Grade Unit
- %
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: This represents a significant proven reserve for copper at Constancia, contributing to the overall mine life extension.
Positive factors
- Large tonnage in high-confidence category
- Good copper grade for a porphyry deposit
Evidence · table
“0.243”
Context: 458,800,000
provenConstancia Operations · molybdenumTonnes: 458800000Grade: 75Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 75
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the overall value of the Constancia proven reserves.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“75”
Context: 458,800,000
provenConstancia Operations · goldTonnes: 458800000Grade: 0.036Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 0.036
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the overall value of the Constancia proven reserves.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.036”
Context: 458,800,000
provenConstancia Operations · silverTonnes: 458800000Grade: 2.39Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 2.39
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the overall value of the Constancia proven reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“2.39”
Context: 458,800,000
probableConstancia Operations · copperTonnes: 28300000Grade: 0.193Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 0.193
- Grade Unit
- %
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable reserves add to the overall resource base, albeit with lower confidence than proven reserves.
Positive factors
- Additional tonnage in probable category
Evidence · table
“0.193”
Context: 28,300,000
probableConstancia Operations · molybdenumTonnes: 28300000Grade: 68Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 68
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the overall value of the Constancia probable reserves.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“68”
Context: 28,300,000
probableConstancia Operations · goldTonnes: 28300000Grade: 0.034Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 0.034
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the overall value of the Constancia probable reserves.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.034”
Context: 28,300,000
probableConstancia Operations · silverTonnes: 28300000Grade: 1.98Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 1.98
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the overall value of the Constancia probable reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“1.98”
Context: 28,300,000
provenConstancia Operations · copperTonnes: 900000Grade: 0.216Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 0.216
- Grade Unit
- %
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Pampacancha proven reserves are noted, but mining has concluded, so this is historical context for the current operation.
Positive factors
- Proven reserves from Pampacancha
Negative factors
- Mining activities completed in 2025
Evidence · table
“0.216”
Context: 900,000
provenConstancia Operations · molybdenumTonnes: 900000Grade: 128Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 128
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Pampacancha proven reserves, but mining has concluded.
Positive factors
- Molybdenum as a valuable byproduct
Negative factors
- Mining activities completed in 2025
Evidence · table
“128”
Context: 900,000
provenConstancia Operations · goldTonnes: 900000Grade: 0.307Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 0.307
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Pampacancha proven reserves, but mining has concluded.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Mining activities completed in 2025
Evidence · table
“0.307”
Context: 900,000
provenConstancia Operations · silverTonnes: 900000Grade: 3.57Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 3.57
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Pampacancha proven reserves, but mining has concluded.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Mining activities completed in 2025
Evidence · table
“3.57”
Context: 900,000
measuredConstancia Operations · copperTonnes: 106300000Grade: 0.232Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 0.232
- Grade Unit
- %
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured resources provide a high-confidence base for future reserve conversion.
Positive factors
- Large tonnage in high-confidence category
Evidence · table
“0.232”
Context: 106,300,000
measuredConstancia Operations · molybdenumTonnes: 106300000Grade: 74Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 74
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Constancia measured resources.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“74”
Context: 106,300,000
measuredConstancia Operations · goldTonnes: 106300000Grade: 0.036Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 0.036
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Constancia measured resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.036”
Context: 106,300,000
measuredConstancia Operations · silverTonnes: 106300000Grade: 2.36Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 2.36
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Constancia measured resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“2.36”
Context: 106,300,000
indicatedConstancia Operations · copperTonnes: 70400000Grade: 0.222Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 0.222
- Grade Unit
- %
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated resources add to the overall resource base, providing a good target for future infill drilling and conversion to reserves.
Positive factors
- Additional tonnage in indicated category
Evidence · table
“0.222”
Context: 70,400,000
indicatedConstancia Operations · molybdenumTonnes: 70400000Grade: 87Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 87
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Constancia indicated resources.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“87”
Context: 70,400,000
indicatedConstancia Operations · goldTonnes: 70400000Grade: 0.032Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 0.032
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Constancia indicated resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.032”
Context: 70,400,000
indicatedConstancia Operations · silverTonnes: 70400000Grade: 2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 2
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Constancia indicated resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“2.00”
Context: 70,400,000
inferredConstancia Operations · copperTonnes: 27700000Grade: 0.271Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 0.271
- Grade Unit
- %
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred resources provide future exploration potential but require further drilling to upgrade confidence.
Positive factors
- Additional tonnage for future exploration
Negative factors
- Lower confidence category
Evidence · table
“0.271”
Context: 27,700,000
inferredConstancia Operations · molybdenumTonnes: 27700000Grade: 71Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 71
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Constancia inferred resources, but with lower confidence.
Positive factors
- Molybdenum as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“71”
Context: 27,700,000
inferredConstancia Operations · goldTonnes: 27700000Grade: 0.049Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 0.049
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Constancia inferred resources, but with lower confidence.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.049”
Context: 27,700,000
inferredConstancia Operations · silverTonnes: 27700000Grade: 2.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 2.54
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Constancia inferred resources, but with lower confidence.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“2.54”
Context: 27,700,000
inferredConstancia Operations · copperTonnes: 6500000Grade: 1.2Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 1.2
- Grade Unit
- %
- Cutoff Grade
- 0.65
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Underground inferred resources show higher copper grades, indicating potential for selective mining if converted to higher confidence categories.
Positive factors
- Higher copper grade for underground potential
Negative factors
- Lower confidence category
Evidence · table
“1.200”
Context: 6,500,000
inferredConstancia Operations · molybdenumTonnes: 6500000Grade: 69Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 69
- Grade Unit
- g/t
- Cutoff Grade
- 0.65
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Constancia underground inferred resources, but with lower confidence.
Positive factors
- Molybdenum as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“69”
Context: 6,500,000
inferredConstancia Operations · goldTonnes: 6500000Grade: 0.14Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 0.14
- Grade Unit
- g/t
- Cutoff Grade
- 0.65
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Constancia underground inferred resources, but with lower confidence.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.140”
Context: 6,500,000
inferredConstancia Operations · silverTonnes: 6500000Grade: 8.62Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 8.62
- Grade Unit
- g/t
- Cutoff Grade
- 0.65
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Constancia underground inferred resources, but with lower confidence.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“8.62”
Context: 6,500,000
provenLalor Mine · goldTonnes: 4800000Grade: 4.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 4.28
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade proven gold reserves at Lalor are a strong asset, supporting the mine life extension.
Positive factors
- High gold grade in proven category
- Significant tonnage for underground operation
Evidence · table
“4.28”
Context: 4,800,000
provenLalor Mine · zincTonnes: 4800000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc contributes as a byproduct to the Lalor proven gold zone reserves.
Positive factors
- Zinc as a valuable byproduct
Evidence · table
“0.70”
Context: 4,800,000
provenLalor Mine · copperTonnes: 4800000Grade: 0.51Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 0.51
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the Lalor proven gold zone reserves.
Positive factors
- Copper as a valuable byproduct
Evidence · table
“0.51”
Context: 4,800,000
provenLalor Mine · silverTonnes: 4800000Grade: 27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 27
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Lalor proven gold zone reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“27.0”
Context: 4,800,000
probableLalor Mine · goldTonnes: 4900000Grade: 3.41Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 3.41
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserves at Lalor add to the overall resource base, supporting future production.
Positive factors
- Good gold grade in probable category
- Additional tonnage for underground operation
Evidence · table
“3.41”
Context: 4,900,000
probableLalor Mine · zincTonnes: 4900000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc contributes as a byproduct to the Lalor probable gold zone reserves.
Positive factors
- Zinc as a valuable byproduct
Evidence · table
“0.27”
Context: 4,900,000
probableLalor Mine · copperTonnes: 4900000Grade: 0.87Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 0.87
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the Lalor probable gold zone reserves.
Positive factors
- Copper as a valuable byproduct
Evidence · table
“0.87”
Context: 4,900,000
probableLalor Mine · silverTonnes: 4900000Grade: 16.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 16.8
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Lalor probable gold zone reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“16.8”
Context: 4,900,000
provenLalor Mine · goldTonnes: 4400000Grade: 2.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 2.42
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven gold reserves in the base metal zone at Lalor contribute to the overall resource base.
Positive factors
- Good gold grade in proven category
- Significant tonnage for underground operation
Evidence · table
“2.42”
Context: 4,400,000
provenLalor Mine · zincTonnes: 4400000Grade: 4.36Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 4.36
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven zinc reserves in the base metal zone at Lalor are a significant component of the resource.
Positive factors
- Good zinc grade in proven category
Evidence · table
“4.36”
Context: 4,400,000
provenLalor Mine · copperTonnes: 4400000Grade: 0.36Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 0.36
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the Lalor proven base metal zone reserves.
Positive factors
- Copper as a valuable byproduct
Evidence · table
“0.36”
Context: 4,400,000
provenLalor Mine · silverTonnes: 4400000Grade: 27.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 27.7
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Lalor proven base metal zone reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“27.7”
Context: 4,400,000
proven1901 Deposit · goldTonnes: 900000Grade: 2.25Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 2.25
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven gold reserves at 1901 deposit contribute to the overall Snow Lake resource base.
Positive factors
- Good gold grade in proven category
- Contribution from new deposit
Evidence · table
“2.25”
Context: 900,000
proven1901 Deposit · zincTonnes: 900000Grade: 7.6Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 7.6
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade proven zinc reserves at 1901 deposit are a significant component of the resource.
Positive factors
- High zinc grade in proven category
Evidence · table
“7.60”
Context: 900,000
proven1901 Deposit · copperTonnes: 900000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the 1901 deposit proven reserves.
Positive factors
- Copper as a valuable byproduct
Evidence · table
“0.27”
Context: 900,000
proven1901 Deposit · silverTonnes: 900000Grade: 24Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 24
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the 1901 deposit proven reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“24.0”
Context: 900,000
probableLalor Mine · goldTonnes: 600000Grade: 1.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 1.5
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserves in the base metal zone at Lalor contribute to the overall resource base.
Positive factors
- Good gold grade in probable category
Evidence · table
“1.50”
Context: 600,000
probableLalor Mine · zincTonnes: 600000Grade: 4.11Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 4.11
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable zinc reserves in the base metal zone at Lalor are a significant component of the resource.
Positive factors
- Good zinc grade in probable category
Evidence · table
“4.11”
Context: 600,000
probableLalor Mine · copperTonnes: 600000Grade: 0.34Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 0.34
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the Lalor probable base metal zone reserves.
Positive factors
- Copper as a valuable byproduct
Evidence · table
“0.34”
Context: 600,000
probableLalor Mine · silverTonnes: 600000Grade: 25.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 25.1
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Lalor probable base metal zone reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“25.1”
Context: 600,000
probable1901 Deposit · goldTonnes: 700000Grade: 1.67Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 1.67
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserves at 1901 deposit contribute to the overall Snow Lake resource base.
Positive factors
- Good gold grade in probable category
- Contribution from new deposit
Evidence · table
“1.67”
Context: 700,000
probable1901 Deposit · zincTonnes: 700000Grade: 8.23Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 8.23
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade probable zinc reserves at 1901 deposit are a significant component of the resource.
Positive factors
- High zinc grade in probable category
Evidence · table
“8.23”
Context: 700,000
probable1901 Deposit · copperTonnes: 700000Grade: 0.22Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 0.22
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the 1901 deposit probable reserves.
Positive factors
- Copper as a valuable byproduct
Evidence · table
“0.22”
Context: 700,000
probable1901 Deposit · silverTonnes: 700000Grade: 28.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 28.5
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the 1901 deposit probable reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“28.5”
Context: 700,000
inferredLalor Mine · goldTonnes: 1400000Grade: 4.64Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 4.64
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred gold resources at Lalor provide significant upside potential for future reserve conversion.
Positive factors
- High gold grade in inferred category
- Potential for future conversion
Negative factors
- Lower confidence category
Evidence · table
“4.64”
Context: 1,400,000
inferredLalor Mine · zincTonnes: 1400000Grade: 0.21Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 0.21
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc contributes as a byproduct to the Lalor inferred gold zone resources, but with lower confidence.
Positive factors
- Zinc as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.21”
Context: 1,400,000
inferredLalor Mine · copperTonnes: 1400000Grade: 2.48Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 2.48
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred copper resources at Lalor provide significant upside potential for future reserve conversion.
Positive factors
- High copper grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“2.48”
Context: 1,400,000
inferredLalor Mine · silverTonnes: 1400000Grade: 15.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 15.4
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Lalor inferred gold zone resources, but with lower confidence.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“15.4”
Context: 1,400,000
inferred1901 Deposit · goldTonnes: 2700000Grade: 4.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 4.2
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred gold resources at 1901 deposit provide significant upside potential for future reserve conversion.
Positive factors
- High gold grade in inferred category
- Potential for future conversion
Negative factors
- Lower confidence category
Evidence · table
“4.20”
Context: 2,700,000
inferred1901 Deposit · zincTonnes: 2700000Grade: 0.65Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 0.65
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc contributes as a byproduct to the 1901 deposit inferred gold zone resources, but with lower confidence.
Positive factors
- Zinc as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.65”
Context: 2,700,000
inferred1901 Deposit · copperTonnes: 2700000Grade: 0.58Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 0.58
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the 1901 deposit inferred gold zone resources, but with lower confidence.
Positive factors
- Copper as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.58”
Context: 2,700,000
inferred1901 Deposit · silverTonnes: 2700000Grade: 16.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 16.3
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the 1901 deposit inferred gold zone resources, but with lower confidence.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“16.3”
Context: 2,700,000
inferredLalor Mine · goldTonnes: 400000Grade: 1.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 1.42
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resources in the base metal zone at Lalor provide future exploration potential.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“1.42”
Context: 400,000
inferredLalor Mine · zincTonnes: 400000Grade: 1.74Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 1.74
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resources in the base metal zone at Lalor provide future exploration potential.
Positive factors
- Good zinc grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“1.74”
Context: 400,000
inferredLalor Mine · copperTonnes: 400000Grade: 1.28Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 1.28
- Grade Unit
- %
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resources in the base metal zone at Lalor provide future exploration potential.
Positive factors
- Good copper grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“1.28”
Context: 400,000
inferredLalor Mine · silverTonnes: 400000Grade: 18.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 18.3
- Grade Unit
- g/t
- Cutoff Grade
- 161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Lalor inferred base metal zone resources, but with lower confidence.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“18.3”
Context: 400,000
inferred1901 Deposit · goldTonnes: 100000Grade: 1.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1.23
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resources in the base metal zone at 1901 deposit provide future exploration potential.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“1.23”
Context: 100,000
inferred1901 Deposit · zincTonnes: 100000Grade: 8.12Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 8.12
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred zinc resources in the base metal zone at 1901 deposit provide significant upside potential.
Positive factors
- High zinc grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“8.12”
Context: 100,000
inferred1901 Deposit · copperTonnes: 100000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the 1901 deposit inferred base metal zone resources, but with lower confidence.
Positive factors
- Copper as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.13”
Context: 100,000
inferred1901 Deposit · silverTonnes: 100000Grade: 38.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 38.1
- Grade Unit
- g/t
- Cutoff Grade
- 199
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resources in the base metal zone at 1901 deposit provide future exploration potential.
Positive factors
- Good silver grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“38.1”
Context: 100,000
probableWIM · goldTonnes: 2450000Grade: 1.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- WIM
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 1.6
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserves at WIM contribute to the Snow Lake regional deposits, extending mine life.
Positive factors
- Probable reserves from satellite deposit
Evidence · table
“1.6”
Context: 2,450,000
probableWIM · zincTonnes: 2450000Grade: 0.25Grade Unit: %View all detailsHide details
Identity
- Project
- WIM
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 0.25
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc contributes as a byproduct to the WIM probable reserves.
Positive factors
- Zinc as a valuable byproduct
Evidence · table
“0.25”
Context: 2,450,000
probableWIM · copperTonnes: 2450000Grade: 1.63Grade Unit: %View all detailsHide details
Identity
- Project
- WIM
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 1.63
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the WIM probable reserves.
Positive factors
- Good copper grade in probable category
Evidence · table
“1.63”
Context: 2,450,000
probableWIM · silverTonnes: 2450000Grade: 6.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- WIM
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 6.3
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the WIM probable reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“6.3”
Context: 2,450,000
probable3 Zone · goldTonnes: 660000Grade: 4.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- 3 Zone
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 660000
- Grade
- 4.2
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade probable gold reserves at 3 Zone contribute to the Snow Lake regional deposits, extending mine life.
Positive factors
- High gold grade in probable category
- Contribution from satellite deposit
Evidence · table
“4.2”
Context: 660,000
inferredNew Britannia · goldTonnes: 2750000Grade: 4.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- New Britannia
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2750000
- Grade
- 4.5
- Grade Unit
- g/t
- Cutoff Grade
- 2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred gold resources at New Britannia provide significant upside potential for future reserve conversion.
Positive factors
- High gold grade in inferred category
- Potential for future conversion
Negative factors
- Lower confidence category
Evidence · table
“4.5”
Context: 2,750,000
inferredBirch · goldTonnes: 570000Grade: 4.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Birch
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 570000
- Grade
- 4.4
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred gold resources at Birch provide future exploration potential.
Positive factors
- High gold grade in inferred category
- Potential for future conversion
Negative factors
- Lower confidence category
Evidence · table
“4.4”
Context: 570,000
indicatedPen II · goldTonnes: 470000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Pen II
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Pen II indicated resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.3”
Context: 470,000
indicatedPen II · zincTonnes: 470000Grade: 8.89Grade Unit: %View all detailsHide details
Identity
- Project
- Pen II
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 8.89
- Grade Unit
- %
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade indicated zinc resources at Pen II are a significant component of the Snow Lake regional deposits.
Positive factors
- High zinc grade in indicated category
Evidence · table
“8.89”
Context: 470,000
indicatedPen II · copperTonnes: 470000Grade: 0.49Grade Unit: %View all detailsHide details
Identity
- Project
- Pen II
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 0.49
- Grade Unit
- %
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the Pen II indicated resources.
Positive factors
- Copper as a valuable byproduct
Evidence · table
“0.49”
Context: 470,000
indicatedPen II · silverTonnes: 470000Grade: 6.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Pen II
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 6.8
- Grade Unit
- g/t
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Pen II indicated resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“6.8”
Context: 470,000
indicatedTalbot · goldTonnes: 2190000Grade: 2.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 2.1
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated gold resources at Talbot contribute to the Snow Lake regional deposits.
Positive factors
- Good gold grade in indicated category
Evidence · table
“2.1”
Context: 2,190,000
indicatedTalbot · zincTonnes: 2190000Grade: 1.79Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 1.79
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated zinc resources at Talbot contribute to the Snow Lake regional deposits.
Positive factors
- Good zinc grade in indicated category
Evidence · table
“1.79”
Context: 2,190,000
indicatedTalbot · copperTonnes: 2190000Grade: 2.33Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 2.33
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade indicated copper resources at Talbot are a significant component of the Snow Lake regional deposits.
Positive factors
- High copper grade in indicated category
Evidence · table
“2.33”
Context: 2,190,000
indicatedTalbot · silverTonnes: 2190000Grade: 36Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 36
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated silver resources at Talbot contribute to the Snow Lake regional deposits.
Positive factors
- Good silver grade in indicated category
Evidence · table
“36.0”
Context: 2,190,000
inferredWatts · goldTonnes: 3150000Grade: 1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Watts
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 1
- Grade Unit
- g/t
- Cutoff Grade
- 150
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resources at Watts provide future exploration potential.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“1.0”
Context: 3,150,000
inferredWatts · zincTonnes: 3150000Grade: 2.58Grade Unit: %View all detailsHide details
Identity
- Project
- Watts
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 2.58
- Grade Unit
- %
- Cutoff Grade
- 150
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resources at Watts provide future exploration potential.
Positive factors
- Good zinc grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“2.58”
Context: 3,150,000
inferredWatts · copperTonnes: 3150000Grade: 2.34Grade Unit: %View all detailsHide details
Identity
- Project
- Watts
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 2.34
- Grade Unit
- %
- Cutoff Grade
- 150
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred copper resources at Watts provide significant upside potential.
Positive factors
- High copper grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“2.34”
Context: 3,150,000
inferredWatts · silverTonnes: 3150000Grade: 31Grade Unit: g/tView all detailsHide details
Identity
- Project
- Watts
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 31
- Grade Unit
- g/t
- Cutoff Grade
- 150
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resources at Watts provide future exploration potential.
Positive factors
- Good silver grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“31.0”
Context: 3,150,000
inferredPen II · goldTonnes: 130000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Pen II
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 130000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resources at Pen II provide future exploration potential.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.3”
Context: 130,000
inferredPen II · zincTonnes: 130000Grade: 9.81Grade Unit: %View all detailsHide details
Identity
- Project
- Pen II
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 130000
- Grade
- 9.81
- Grade Unit
- %
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred zinc resources at Pen II provide significant upside potential.
Positive factors
- High zinc grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“9.81”
Context: 130,000
inferredPen II · copperTonnes: 130000Grade: 0.37Grade Unit: %View all detailsHide details
Identity
- Project
- Pen II
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 130000
- Grade
- 0.37
- Grade Unit
- %
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Copper contributes as a byproduct to the Pen II inferred resources.
Positive factors
- Copper as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.37”
Context: 130,000
inferredPen II · silverTonnes: 130000Grade: 6.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Pen II
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 130000
- Grade
- 6.8
- Grade Unit
- g/t
- Cutoff Grade
- 75
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Pen II inferred resources.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“6.8”
Context: 130,000
inferredTalbot · goldTonnes: 2450000Grade: 1.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2450000
- Grade
- 1.9
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resources at Talbot provide future exploration potential.
Positive factors
- Good gold grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“1.9”
Context: 2,450,000
inferredTalbot · zincTonnes: 2450000Grade: 1.74Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2450000
- Grade
- 1.74
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resources at Talbot provide future exploration potential.
Positive factors
- Good zinc grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“1.74”
Context: 2,450,000
inferredTalbot · copperTonnes: 2450000Grade: 1.13Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2450000
- Grade
- 1.13
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resources at Talbot provide future exploration potential.
Positive factors
- Good copper grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“1.13”
Context: 2,450,000
inferredTalbot · silverTonnes: 2450000Grade: 25.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 2450000
- Grade
- 25.8
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resources at Talbot provide future exploration potential.
Positive factors
- Good silver grade in inferred category
Negative factors
- Lower confidence category
Evidence · table
“25.8”
Context: 2,450,000
provenCopper Mountain Mine · copperTonnes: 159000000Grade: 0.251Grade Unit: %View all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 159000000
- Grade
- 0.251
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Significant proven copper reserves at Copper Mountain support the mine life extension.
Positive factors
- Large tonnage in high-confidence category
- Good copper grade for an open pit porphyry
Evidence · table
“0.251”
Context: 159,000,000
provenCopper Mountain Mine · goldTonnes: 159000000Grade: 0.111Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 159000000
- Grade
- 0.111
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper Mountain proven reserves.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.111”
Context: 159,000,000
provenCopper Mountain Mine · silverTonnes: 159000000Grade: 0.71Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 159000000
- Grade
- 0.71
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Copper Mountain proven reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“0.71”
Context: 159,000,000
probableCopper Mountain Mine · copperTonnes: 186000000Grade: 0.26Grade Unit: %View all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 186000000
- Grade
- 0.26
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Significant probable copper reserves at Copper Mountain add to the overall resource base.
Positive factors
- Large tonnage in probable category
- Good copper grade for an open pit porphyry
Evidence · table
“0.260”
Context: 186,000,000
probableCopper Mountain Mine · goldTonnes: 186000000Grade: 0.133Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 186000000
- Grade
- 0.133
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper Mountain probable reserves.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.133”
Context: 186,000,000
probableCopper Mountain Mine · silverTonnes: 186000000Grade: 0.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 186000000
- Grade
- 0.6
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Copper Mountain probable reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“0.60”
Context: 186,000,000
measuredCopper Mountain Mine · copperTonnes: 35000000Grade: 0.226Grade Unit: %View all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 35000000
- Grade
- 0.226
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured copper resources provide a high-confidence base for future reserve conversion.
Positive factors
- Good copper grade in measured category
- High confidence resource
Evidence · table
“0.226”
Context: 35,000,000
measuredCopper Mountain Mine · goldTonnes: 35000000Grade: 0.086Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 35000000
- Grade
- 0.086
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper Mountain measured resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.086”
Context: 35,000,000
measuredCopper Mountain Mine · silverTonnes: 35000000Grade: 0.83Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 35000000
- Grade
- 0.83
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Copper Mountain measured resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“0.83”
Context: 35,000,000
indicatedCopper Mountain Mine · copperTonnes: 87000000Grade: 0.203Grade Unit: %View all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 87000000
- Grade
- 0.203
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated copper resources add to the overall resource base, providing a good target for future infill drilling and conversion to reserves.
Positive factors
- Additional tonnage in indicated category
Evidence · table
“0.203”
Context: 87,000,000
indicatedCopper Mountain Mine · goldTonnes: 87000000Grade: 0.101Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 87000000
- Grade
- 0.101
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper Mountain indicated resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.101”
Context: 87,000,000
indicatedCopper Mountain Mine · silverTonnes: 87000000Grade: 0.72Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 87000000
- Grade
- 0.72
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Copper Mountain indicated resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“0.72”
Context: 87,000,000
inferredCopper Mountain Mine · copperTonnes: 347000000Grade: 0.235Grade Unit: %View all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 347000000
- Grade
- 0.235
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resources provide significant future exploration potential but require further drilling to upgrade confidence.
Positive factors
- Large tonnage for future exploration
Negative factors
- Lower confidence category
Evidence · table
“0.235”
Context: 347,000,000
inferredCopper Mountain Mine · goldTonnes: 347000000Grade: 0.124Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 347000000
- Grade
- 0.124
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper Mountain inferred resources, but with lower confidence.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.124”
Context: 347,000,000
inferredCopper Mountain Mine · silverTonnes: 347000000Grade: 0.57Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper Mountain Mine
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 347000000
- Grade
- 0.57
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Copper Mountain inferred resources, but with lower confidence.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.57”
Context: 347,000,000
provenCopper World Project · copperTonnes: 319000000Grade: 0.54Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 319000000
- Grade
- 0.54
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade proven copper reserves at Copper World are a key asset for this development project, further de-risked by the recent JV.
Positive factors
- High copper grade in proven category
- Large tonnage for a development project
- De-risked by JV transaction
Evidence · table
“0.54”
Context: 319,000,000
provenCopper World Project · copperTonnes: 319000000Grade: 0.11Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 319000000
- Grade
- 0.11
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Soluble copper content in proven reserves suggests potential for heap leaching, adding processing flexibility.
Positive factors
- Soluble copper indicates leach potential
Evidence · table
“0.11”
Context: 319,000,000
provenCopper World Project · molybdenumTonnes: 319000000Grade: 110Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 319000000
- Grade
- 110
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a valuable byproduct to the Copper World proven reserves.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“110”
Context: 319,000,000
provenCopper World Project · goldTonnes: 319000000Grade: 0.03Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 319000000
- Grade
- 0.03
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper World proven reserves.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.03”
Context: 319,000,000
provenCopper World Project · silverTonnes: 319000000Grade: 5.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- proven
- Tonnes
- 319000000
- Grade
- 5.7
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Copper World proven reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“5.7”
Context: 319,000,000
probableCopper World Project · copperTonnes: 66000000Grade: 0.52Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 66000000
- Grade
- 0.52
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade probable copper reserves at Copper World add to the overall resource base for this development project.
Positive factors
- High copper grade in probable category
- Additional tonnage for a development project
Evidence · table
“0.52”
Context: 66,000,000
probableCopper World Project · copperTonnes: 66000000Grade: 0.14Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 66000000
- Grade
- 0.14
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Soluble copper content in probable reserves suggests potential for heap leaching, adding processing flexibility.
Positive factors
- Soluble copper indicates leach potential
Evidence · table
“0.14”
Context: 66,000,000
probableCopper World Project · molybdenumTonnes: 66000000Grade: 96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 66000000
- Grade
- 96
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a valuable byproduct to the Copper World probable reserves.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“96”
Context: 66,000,000
probableCopper World Project · goldTonnes: 66000000Grade: 0.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 66000000
- Grade
- 0.02
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper World probable reserves.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.02”
Context: 66,000,000
probableCopper World Project · silverTonnes: 66000000Grade: 4.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- probable
- Tonnes
- 66000000
- Grade
- 4.3
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Copper World probable reserves.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“4.3”
Context: 66,000,000
measuredCopper World Project · copperTonnes: 424000000Grade: 0.39Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 424000000
- Grade
- 0.39
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured copper resources for flotation material provide a high-confidence base for future reserve conversion.
Positive factors
- Large tonnage in high-confidence category
- Good copper grade for a porphyry
Evidence · table
“0.39”
Context: 424,000,000
measuredCopper World Project · copperTonnes: 424000000Grade: 0.04Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 424000000
- Grade
- 0.04
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Soluble copper content is noted for measured resources, though lower for flotation material.
Positive factors
- Soluble copper content noted
Evidence · table
“0.04”
Context: 424,000,000
measuredCopper World Project · molybdenumTonnes: 424000000Grade: 150Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 424000000
- Grade
- 150
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade molybdenum contributes significantly as a byproduct to the Copper World measured resources.
Positive factors
- High molybdenum grade as a valuable byproduct
Evidence · table
“150”
Context: 424,000,000
measuredCopper World Project · goldTonnes: 424000000Grade: 0.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 424000000
- Grade
- 0.02
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper World measured resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.02”
Context: 424,000,000
measuredCopper World Project · silverTonnes: 424000000Grade: 4.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 424000000
- Grade
- 4.1
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Copper World measured resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“4.1”
Context: 424,000,000
indicatedCopper World Project · copperTonnes: 191000000Grade: 0.36Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 191000000
- Grade
- 0.36
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated copper resources for flotation material add to the overall resource base, providing a good target for future infill drilling.
Positive factors
- Large tonnage in indicated category
- Good copper grade for a porphyry
Evidence · table
“0.36”
Context: 191,000,000
indicatedCopper World Project · copperTonnes: 191000000Grade: 0.06Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 191000000
- Grade
- 0.06
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Soluble copper content is noted for indicated resources, though lower for flotation material.
Positive factors
- Soluble copper content noted
Evidence · table
“0.06”
Context: 191,000,000
indicatedCopper World Project · molybdenumTonnes: 191000000Grade: 125Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 191000000
- Grade
- 125
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade molybdenum contributes significantly as a byproduct to the Copper World indicated resources.
Positive factors
- High molybdenum grade as a valuable byproduct
Evidence · table
“125”
Context: 191,000,000
indicatedCopper World Project · goldTonnes: 191000000Grade: 0.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 191000000
- Grade
- 0.02
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper World indicated resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.02”
Context: 191,000,000
indicatedCopper World Project · silverTonnes: 191000000Grade: 3.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 191000000
- Grade
- 3.5
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Copper World indicated resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“3.5”
Context: 191,000,000
inferredCopper World Project · copperTonnes: 192000000Grade: 0.35Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 192000000
- Grade
- 0.35
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resources for flotation material provide significant future exploration potential but require further drilling to upgrade confidence.
Positive factors
- Large tonnage for future exploration
- Good copper grade for a porphyry
Negative factors
- Lower confidence category
Evidence · table
“0.35”
Context: 192,000,000
inferredCopper World Project · copperTonnes: 192000000Grade: 0.07Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 192000000
- Grade
- 0.07
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Soluble copper content is noted for inferred resources, though lower for flotation material.
Positive factors
- Soluble copper content noted
Negative factors
- Lower confidence category
Evidence · table
“0.07”
Context: 192,000,000
inferredCopper World Project · molybdenumTonnes: 192000000Grade: 117Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 192000000
- Grade
- 117
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade molybdenum contributes significantly as a byproduct to the Copper World inferred resources.
Positive factors
- High molybdenum grade as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“117”
Context: 192,000,000
inferredCopper World Project · goldTonnes: 192000000Grade: 0.01Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 192000000
- Grade
- 0.01
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Copper World inferred resources.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.01”
Context: 192,000,000
inferredCopper World Project · silverTonnes: 192000000Grade: 3.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 192000000
- Grade
- 3.1
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Copper World inferred resources.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“3.1”
Context: 192,000,000
measuredCopper World Project · copperTonnes: 159000000Grade: 0.28Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 159000000
- Grade
- 0.28
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured copper resources for leach material provide a high-confidence base for future reserve conversion, specifically for heap leaching.
Positive factors
- Large tonnage in high-confidence category
- Good copper grade for leach material
Evidence · table
“0.28”
Context: 159,000,000
measuredCopper World Project · copperTonnes: 159000000Grade: 0.2Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 159000000
- Grade
- 0.2
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High soluble copper content in measured resources is a strong positive for the leach processing route.
Positive factors
- High soluble copper content, ideal for leaching
Evidence · table
“0.20”
Context: 159,000,000
indicatedCopper World Project · copperTonnes: 70000000Grade: 0.26Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 70000000
- Grade
- 0.26
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated copper resources for leach material add to the overall resource base, providing a good target for future infill drilling.
Positive factors
- Additional tonnage in indicated category
- Good copper grade for leach material
Evidence · table
“0.26”
Context: 70,000,000
indicatedCopper World Project · copperTonnes: 70000000Grade: 0.2Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 70000000
- Grade
- 0.2
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High soluble copper content in indicated resources is a strong positive for the leach processing route.
Positive factors
- High soluble copper content, ideal for leaching
Evidence · table
“0.20”
Context: 70,000,000
inferredCopper World Project · copperTonnes: 83000000Grade: 0.26Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 83000000
- Grade
- 0.26
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resources for leach material provide significant future exploration potential but require further drilling to upgrade confidence.
Positive factors
- Large tonnage for future exploration
- Good copper grade for leach material
Negative factors
- Lower confidence category
Evidence · table
“0.26”
Context: 83,000,000
inferredCopper World Project · copperTonnes: 83000000Grade: 0.19Grade Unit: %View all detailsHide details
Identity
- Project
- Copper World Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 83000000
- Grade
- 0.19
- Grade Unit
- %
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High soluble copper content in inferred resources is a strong positive for the leach processing route, indicating future potential.
Positive factors
- High soluble copper content, ideal for leaching
Negative factors
- Lower confidence category
Evidence · table
“0.19”
Context: 83,000,000
measuredMason Project · copperTonnes: 1417000000Grade: 0.29Grade Unit: %View all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 1417000000
- Grade
- 0.29
- Grade Unit
- %
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Very large measured copper resources at Mason provide a high-confidence base for this long-term development asset.
Positive factors
- Very large tonnage in high-confidence category
- Good copper grade for a porphyry
Evidence · table
“0.29”
Context: 1,417,000,000
measuredMason Project · molybdenumTonnes: 1417000000Grade: 59Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 1417000000
- Grade
- 59
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Mason measured resources.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“59”
Context: 1,417,000,000
measuredMason Project · goldTonnes: 1417000000Grade: 0.031Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 1417000000
- Grade
- 0.031
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Mason measured resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.031”
Context: 1,417,000,000
measuredMason Project · silverTonnes: 1417000000Grade: 0.66Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- measured
- Tonnes
- 1417000000
- Grade
- 0.66
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Mason measured resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“0.66”
Context: 1,417,000,000
indicatedMason Project · copperTonnes: 801000000Grade: 0.3Grade Unit: %View all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 801000000
- Grade
- 0.3
- Grade Unit
- %
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Very large indicated copper resources at Mason add to the overall resource base for this long-term development asset.
Positive factors
- Very large tonnage in indicated category
- Good copper grade for a porphyry
Evidence · table
“0.30”
Context: 801,000,000
indicatedMason Project · molybdenumTonnes: 801000000Grade: 80Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 801000000
- Grade
- 80
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Mason indicated resources.
Positive factors
- Molybdenum as a valuable byproduct
Evidence · table
“80”
Context: 801,000,000
indicatedMason Project · goldTonnes: 801000000Grade: 0.025Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 801000000
- Grade
- 0.025
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Mason indicated resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.025”
Context: 801,000,000
indicatedMason Project · silverTonnes: 801000000Grade: 0.57Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 801000000
- Grade
- 0.57
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Mason indicated resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“0.57”
Context: 801,000,000
inferredMason Project · copperTonnes: 237000000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 237000000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Large inferred copper resources at Mason provide significant future exploration potential but require further drilling to upgrade confidence.
Positive factors
- Large tonnage for future exploration
- Good copper grade for a porphyry
Negative factors
- Lower confidence category
Evidence · table
“0.24”
Context: 237,000,000
inferredMason Project · molybdenumTonnes: 237000000Grade: 78Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 237000000
- Grade
- 78
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Molybdenum contributes as a byproduct to the Mason inferred resources, but with lower confidence.
Positive factors
- Molybdenum as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“78”
Context: 237,000,000
inferredMason Project · goldTonnes: 237000000Grade: 0.033Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 237000000
- Grade
- 0.033
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Mason inferred resources, but with lower confidence.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.033”
Context: 237,000,000
inferredMason Project · silverTonnes: 237000000Grade: 0.73Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mason Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 237000000
- Grade
- 0.73
- Grade Unit
- g/t
- Cutoff Grade
- 6.25
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a byproduct to the Mason inferred resources, but with lower confidence.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.73”
Context: 237,000,000
indicatedLlaguen Project · copperTonnes: 271000000Grade: 0.33Grade Unit: %View all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 271000000
- Grade
- 0.33
- Grade Unit
- %
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Large indicated copper resources at Llaguen provide a good base for this development project.
Positive factors
- Large tonnage in indicated category
- Good copper grade for a porphyry
Evidence · table
“0.33”
Context: 271,000,000
indicatedLlaguen Project · molybdenumTonnes: 271000000Grade: 218Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 271000000
- Grade
- 218
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Very high-grade molybdenum contributes significantly as a byproduct to the Llaguen indicated resources.
Positive factors
- Very high molybdenum grade as a valuable byproduct
Evidence · table
“218”
Context: 271,000,000
indicatedLlaguen Project · goldTonnes: 271000000Grade: 0.033Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 271000000
- Grade
- 0.033
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Llaguen indicated resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.033”
Context: 271,000,000
indicatedLlaguen Project · silverTonnes: 271000000Grade: 2.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 271000000
- Grade
- 2.04
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Llaguen indicated resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“2.04”
Context: 271,000,000
indicatedLlaguen Project · copper_equivalentTonnes: 271000000Grade: 0.42Grade Unit: % CuEqView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper_equivalent
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 271000000
- Grade
- 0.42
- Grade Unit
- % CuEq
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The copper equivalent grade provides a combined value for the polymetallic indicated resources, with transparent assumptions.
Positive factors
- Good copper equivalent grade
- Assumptions disclosed for transparency
Evidence · table
“0.42”
Context: 271,000,000
indicatedLlaguen Project · copperTonnes: 113000000Grade: 0.49Grade Unit: %View all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 0.49
- Grade Unit
- %
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade indicated copper resources at Llaguen represent a valuable core of the deposit.
Positive factors
- High copper grade in indicated category
- Significant tonnage in high-grade zone
Evidence · table
“0.49”
Context: 113,000,000
indicatedLlaguen Project · molybdenumTonnes: 113000000Grade: 261Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 261
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Exceptional molybdenum grade contributes significantly as a byproduct to the Llaguen high-grade indicated resources.
Positive factors
- Exceptional molybdenum grade as a valuable byproduct
Evidence · table
“261”
Context: 113,000,000
indicatedLlaguen Project · goldTonnes: 113000000Grade: 0.046Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 0.046
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Llaguen high-grade indicated resources.
Positive factors
- Gold as a valuable byproduct
Evidence · table
“0.046”
Context: 113,000,000
indicatedLlaguen Project · silverTonnes: 113000000Grade: 2.73Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 2.73
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Llaguen high-grade indicated resources.
Positive factors
- Silver as a valuable byproduct
Evidence · table
“2.73”
Context: 113,000,000
indicatedLlaguen Project · copper_equivalentTonnes: 113000000Grade: 0.6Grade Unit: % CuEqView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper_equivalent
- Ticker
- HBM
Resource Data
- Category
- indicated
- Tonnes
- 113000000
- Grade
- 0.6
- Grade Unit
- % CuEq
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The copper equivalent grade provides a combined value for the polymetallic high-grade indicated resources, with transparent assumptions.
Positive factors
- High copper equivalent grade
- Assumptions disclosed for transparency
Evidence · table
“0.60”
Context: 113,000,000
inferredLlaguen Project · copperTonnes: 83000000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 83000000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Large inferred copper resources at Llaguen provide significant future exploration potential but require further drilling to upgrade confidence.
Positive factors
- Large tonnage for future exploration
- Good copper grade for a porphyry
Negative factors
- Lower confidence category
Evidence · table
“0.24”
Context: 83,000,000
inferredLlaguen Project · molybdenumTonnes: 83000000Grade: 127Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 83000000
- Grade
- 127
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade molybdenum contributes significantly as a byproduct to the Llaguen inferred resources.
Positive factors
- High molybdenum grade as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“127”
Context: 83,000,000
inferredLlaguen Project · goldTonnes: 83000000Grade: 0.024Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 83000000
- Grade
- 0.024
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Llaguen inferred resources.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.024”
Context: 83,000,000
inferredLlaguen Project · silverTonnes: 83000000Grade: 1.47Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 83000000
- Grade
- 1.47
- Grade Unit
- g/t
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Llaguen inferred resources.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“1.47”
Context: 83,000,000
inferredLlaguen Project · copper_equivalentTonnes: 83000000Grade: 0.3Grade Unit: % CuEqView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper_equivalent
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 83000000
- Grade
- 0.3
- Grade Unit
- % CuEq
- Cutoff Grade
- 0.14
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The copper equivalent grade provides a combined value for the polymetallic inferred resources, with transparent assumptions.
Positive factors
- Good copper equivalent grade
- Assumptions disclosed for transparency
Negative factors
- Lower confidence category
Evidence · table
“0.30”
Context: 83,000,000
inferredLlaguen Project · copperTonnes: 16000000Grade: 0.45Grade Unit: %View all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 16000000
- Grade
- 0.45
- Grade Unit
- %
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade inferred copper resources at Llaguen represent a valuable core of the deposit, with future potential.
Positive factors
- High copper grade in inferred category
- Significant tonnage in high-grade zone
Negative factors
- Lower confidence category
Evidence · table
“0.45”
Context: 16,000,000
inferredLlaguen Project · molybdenumTonnes: 16000000Grade: 141Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- molybdenum
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 16000000
- Grade
- 141
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade molybdenum contributes significantly as a byproduct to the Llaguen high-grade inferred resources.
Positive factors
- High molybdenum grade as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“141”
Context: 16,000,000
inferredLlaguen Project · goldTonnes: 16000000Grade: 0.038Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 16000000
- Grade
- 0.038
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold contributes as a byproduct to the Llaguen high-grade inferred resources.
Positive factors
- Gold as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“0.038”
Context: 16,000,000
inferredLlaguen Project · silverTonnes: 16000000Grade: 2.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 16000000
- Grade
- 2.6
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver contributes as a valuable byproduct to the Llaguen high-grade inferred resources.
Positive factors
- Silver as a valuable byproduct
Negative factors
- Lower confidence category
Evidence · table
“2.60”
Context: 16,000,000
inferredLlaguen Project · copper_equivalentTonnes: 16000000Grade: 0.52Grade Unit: % CuEqView all detailsHide details
Identity
- Project
- Llaguen Project
- Commodity
- copper_equivalent
- Ticker
- HBM
Resource Data
- Category
- inferred
- Tonnes
- 16000000
- Grade
- 0.52
- Grade Unit
- % CuEq
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The copper equivalent grade provides a combined value for the polymetallic high-grade inferred resources, with transparent assumptions.
Positive factors
- High copper equivalent grade
- Assumptions disclosed for transparency
Negative factors
- Lower confidence category
Evidence · table
“0.52”
Context: 16,000,000
Fact 174Talbot Deposit · copperGrade: 2.4Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Grade
- 2.4
- Grade Unit
- %
Location
- Easting
- 458517
- Northing
- 5997397
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: This intercept shows high-grade copper over a significant true width, indicating strong mineralization and potential for resource expansion at the Talbot VMS deposit.
Positive factors
- High copper grade
- Significant true width
- True width disclosed
- Part of resource expansion drilling
Evidence · table
“2.4”
Context: 11.5
Fact 175Talbot Deposit · goldGrade: 1.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Grade
- 1.8
- Grade Unit
- g/t
Location
- Easting
- 458517
- Northing
- 5997397
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold as a byproduct contributes significantly to the overall value of this high-grade copper intercept at Talbot.
Positive factors
- Good gold grade as a byproduct
- Significant true width
Evidence · table
“1.8”
Context: 11.5
Fact 176Talbot Deposit · silverGrade: 55.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Grade
- 55.1
- Grade Unit
- g/t
Location
- Easting
- 458517
- Northing
- 5997397
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: High-grade silver as a byproduct significantly enhances the value of this copper intercept at Talbot.
Positive factors
- High silver grade as a byproduct
- Significant true width
Evidence · table
“55.1”
Context: 11.5
Fact 177Talbot Deposit · zincGrade: 0.8Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Grade
- 0.8
- Grade Unit
- %
Location
- Easting
- 458517
- Northing
- 5997397
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc as a byproduct contributes to the overall polymetallic nature of this intercept at Talbot.
Positive factors
- Zinc as a valuable byproduct
- Significant true width
Evidence · table
“0.8”
Context: 11.5
Fact 178Talbot Deposit · copperGrade: 1.2Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Grade
- 1.2
- Grade Unit
- %
Location
- Easting
- 458301
- Northing
- 5996995
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: This intercept shows good copper grade over a significant true width, indicating strong mineralization and potential for resource expansion at the Talbot VMS deposit.
Positive factors
- Good copper grade
- Significant true width
- True width disclosed
- Part of resource expansion drilling
Evidence · table
“1.2”
Context: 14.2
Fact 179Talbot Deposit · goldGrade: 0.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Grade
- 0.8
- Grade Unit
- g/t
Location
- Easting
- 458301
- Northing
- 5996995
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold as a byproduct contributes to the overall value of this copper intercept at Talbot.
Positive factors
- Good gold grade as a byproduct
- Significant true width
Evidence · table
“0.8”
Context: 14.2
Fact 180Talbot Deposit · silverGrade: 17.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Grade
- 17.8
- Grade Unit
- g/t
Location
- Easting
- 458301
- Northing
- 5996995
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver as a byproduct enhances the value of this copper intercept at Talbot.
Positive factors
- Good silver grade as a byproduct
- Significant true width
Evidence · table
“17.8”
Context: 14.2
Fact 181Talbot Deposit · zincGrade: 0.5Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Grade
- 0.5
- Grade Unit
- %
Location
- Easting
- 458301
- Northing
- 5996995
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc as a byproduct contributes to the overall polymetallic nature of this intercept at Talbot.
Positive factors
- Zinc as a valuable byproduct
- Significant true width
Evidence · table
“0.5”
Context: 14.2
Fact 182Talbot Deposit · copperGrade: 2Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Grade
- 2
- Grade Unit
- %
Location
- Easting
- 458293
- Northing
- 5996998
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: This intercept shows high-grade copper over a good true width, indicating strong mineralization and potential for resource expansion at the Talbot VMS deposit.
Positive factors
- High copper grade
- Good true width
- True width disclosed
- Part of resource expansion drilling
Evidence · table
“2.0”
Context: 6.0
Fact 183Talbot Deposit · goldGrade: 0.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Grade
- 0.7
- Grade Unit
- g/t
Location
- Easting
- 458293
- Northing
- 5996998
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold as a byproduct contributes to the overall value of this copper intercept at Talbot.
Positive factors
- Good gold grade as a byproduct
- Good true width
Evidence · table
“0.7”
Context: 6.0
Fact 184Talbot Deposit · silverGrade: 16.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Grade
- 16.9
- Grade Unit
- g/t
Location
- Easting
- 458293
- Northing
- 5996998
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver as a byproduct enhances the value of this copper intercept at Talbot.
Positive factors
- Good silver grade as a byproduct
- Good true width
Evidence · table
“16.9”
Context: 6.0
Fact 185Talbot Deposit · zincGrade: 0.5Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Grade
- 0.5
- Grade Unit
- %
Location
- Easting
- 458293
- Northing
- 5996998
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc as a byproduct contributes to the overall polymetallic nature of this intercept at Talbot.
Positive factors
- Zinc as a valuable byproduct
- Good true width
Evidence · table
“0.5”
Context: 6.0
Fact 186Talbot Deposit · copperGrade: 1.4Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Grade
- 1.4
- Grade Unit
- %
Location
- Easting
- 458322
- Northing
- 5997184
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: This intercept shows good copper grade over a good true width, indicating strong mineralization and potential for resource expansion at the Talbot VMS deposit.
Positive factors
- Good copper grade
- Good true width
- True width disclosed
- Part of resource expansion drilling
Evidence · table
“1.4”
Context: 7.8
Fact 187Talbot Deposit · goldGrade: 0.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Grade
- 0.9
- Grade Unit
- g/t
Location
- Easting
- 458322
- Northing
- 5997184
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold as a byproduct contributes to the overall value of this copper intercept at Talbot.
Positive factors
- Good gold grade as a byproduct
- Good true width
Evidence · table
“0.9”
Context: 7.8
Fact 188Talbot Deposit · silverGrade: 18.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Grade
- 18.4
- Grade Unit
- g/t
Location
- Easting
- 458322
- Northing
- 5997184
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver as a byproduct enhances the value of this copper intercept at Talbot.
Positive factors
- Good silver grade as a byproduct
- Good true width
Evidence · table
“18.4”
Context: 7.8
Fact 189Talbot Deposit · zincGrade: 0.3Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Grade
- 0.3
- Grade Unit
- %
Location
- Easting
- 458322
- Northing
- 5997184
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc as a byproduct contributes to the overall polymetallic nature of this intercept at Talbot.
Positive factors
- Zinc as a valuable byproduct
- Good true width
Evidence · table
“0.3”
Context: 7.8
Fact 190Talbot Deposit · copperGrade: 1.4Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- copper
- Ticker
- HBM
Resource Data
- Grade
- 1.4
- Grade Unit
- %
Location
- Easting
- 458241
- Northing
- 5997008
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: This intercept shows good copper grade over a significant true width, indicating strong mineralization and potential for resource expansion at the Talbot VMS deposit.
Positive factors
- Good copper grade
- Significant true width
- True width disclosed
- Part of resource expansion drilling
Evidence · table
“1.4”
Context: 18.8
Fact 191Talbot Deposit · goldGrade: 0.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- gold
- Ticker
- HBM
Resource Data
- Grade
- 0.8
- Grade Unit
- g/t
Location
- Easting
- 458241
- Northing
- 5997008
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Gold as a byproduct contributes to the overall value of this copper intercept at Talbot.
Positive factors
- Good gold grade as a byproduct
- Significant true width
Evidence · table
“0.8”
Context: 18.8
Fact 192Talbot Deposit · silverGrade: 18.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- silver
- Ticker
- HBM
Resource Data
- Grade
- 18.9
- Grade Unit
- g/t
Location
- Easting
- 458241
- Northing
- 5997008
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Silver as a byproduct enhances the value of this copper intercept at Talbot.
Positive factors
- Good silver grade as a byproduct
- Significant true width
Evidence · table
“18.9”
Context: 18.8
Fact 193Talbot Deposit · zincGrade: 1.3Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot Deposit
- Commodity
- zinc
- Ticker
- HBM
Resource Data
- Grade
- 1.3
- Grade Unit
- %
Location
- Easting
- 458241
- Northing
- 5997008
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Zinc as a byproduct contributes to the overall polymetallic nature of this intercept at Talbot.
Positive factors
- Good zinc grade as a byproduct
- Significant true width
Evidence · table
“1.3”
Context: 18.8
Fact 194Peru · copperView all detailsHide details
Identity
- Project
- Peru
- Commodity
- copper
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 copper production guidance for Peru is affirmed, indicating stable operations.
Positive factors
- Affirmed production guidance
Evidence · table
“75,000 - 90,000”
Context: Copper
Fact 195Peru · goldView all detailsHide details
Identity
- Project
- Peru
- Commodity
- gold
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 gold production guidance for Peru is affirmed, but is lower than 2025 due to the depletion of the high-grade Pampacancha deposit.
Positive factors
- Affirmed production guidance
Negative factors
- Lower than 2025 levels due to Pampacancha depletion
Evidence · table
“15,000 - 20,000”
Context: Gold
Fact 196Peru · silverView all detailsHide details
Identity
- Project
- Peru
- Commodity
- silver
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 silver production guidance for Peru is affirmed, indicating stable byproduct production.
Positive factors
- Affirmed production guidance
Evidence · table
“1,900,000 - 2,400,000”
Context: Silver
Fact 197Peru · molybdenumView all detailsHide details
Identity
- Project
- Peru
- Commodity
- molybdenum
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 molybdenum production guidance for Peru is affirmed, indicating stable byproduct production.
Positive factors
- Affirmed production guidance
Evidence · table
“900 - 1,100”
Context: Molybdenum
Fact 198Manitoba · goldView all detailsHide details
Identity
- Project
- Manitoba
- Commodity
- gold
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 gold production guidance for Manitoba is affirmed as strong, contributing significantly to overall gold production.
Positive factors
- Affirmed strong gold production guidance
Evidence · table
“180,000 - 220,000”
Context: Gold
Fact 199Manitoba · zincView all detailsHide details
Identity
- Project
- Manitoba
- Commodity
- zinc
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 zinc production guidance for Manitoba is affirmed, indicating stable byproduct production.
Positive factors
- Affirmed production guidance
Evidence · table
“16,000 - 21,000”
Context: Zinc
Fact 200Manitoba · copperView all detailsHide details
Identity
- Project
- Manitoba
- Commodity
- copper
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 copper production guidance for Manitoba is affirmed, indicating stable byproduct production.
Positive factors
- Affirmed production guidance
Evidence · table
“10,000 - 13,000”
Context: Copper
Fact 201Manitoba · silverView all detailsHide details
Identity
- Project
- Manitoba
- Commodity
- silver
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 silver production guidance for Manitoba is affirmed, indicating stable byproduct production.
Positive factors
- Affirmed production guidance
Evidence · table
“800,000 - 1,000,000”
Context: Silver
Fact 202British Columbia · copperView all detailsHide details
Identity
- Project
- British Columbia
- Commodity
- copper
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 copper production guidance for British Columbia is affirmed, with an expected ramp-up in the second half of the year.
Positive factors
- Affirmed production guidance
- Expected ramp-up in H2 2026
Evidence · table
“25,000 - 35,000”
Context: Copper
Fact 203British Columbia · goldView all detailsHide details
Identity
- Project
- British Columbia
- Commodity
- gold
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 gold production guidance for British Columbia is affirmed, indicating stable byproduct production.
Positive factors
- Affirmed production guidance
Evidence · table
“22,000 - 32,000”
Context: Gold
Fact 204British Columbia · silverView all detailsHide details
Identity
- Project
- British Columbia
- Commodity
- silver
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2026 silver production guidance for British Columbia is affirmed, indicating stable byproduct production.
Positive factors
- Affirmed production guidance
Evidence · table
“200,000 - 290,000”
Context: Silver
Fact 205Peru · copperView all detailsHide details
Identity
- Project
- Peru
- Commodity
- copper
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2027 copper production guidance for Peru shows an increase, reflecting benefits from mill optimization projects.
Positive factors
- Increased production guidance
- Benefits from mill throughput improvements
Evidence · table
“80,000 - 100,000”
Context: Copper
Fact 206Peru · goldView all detailsHide details
Identity
- Project
- Peru
- Commodity
- gold
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2027 gold production guidance for Peru shows an increase, indicating improved byproduct production.
Positive factors
- Increased production guidance
Evidence · table
“17,000 - 21,000”
Context: Gold
Fact 207Peru · silverView all detailsHide details
Identity
- Project
- Peru
- Commodity
- silver
- Ticker
- HBM
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: The 2027 silver production guidance for Peru is lower than 2026, indicating a temporary dip in byproduct production.
Negative factors
- Lower production guidance compared to 2026
Evidence · table
“1,200,000 - 1,400,000”
Context: Silver
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.