Hudbay Snow Lake mining operations resume after Manitoba wildfire evacuations
TORONTO — Hudbay Minerals says it has restarted its Snow Lake operations in northwestern Manitoba after authorities lifted wildfire evacuation orders for the area.
The Toronto-based company temporarily wound down work in the region two weeks ago after the town of Snow Lake was put under precautionary evacuation notice.
Only essential personnel remained on site to help with emergency activities.
The miner says there has been no structural damage to its operations at Snow Lake or Flin Flon as a result of the fires.
Mining activities started up again at the Lalor mine over the weekend, with a priority on gold zones.
The New Britannia gold mill is expected to ramp up to full production this week, with the Stall base metal concentrator following next week, as many workers there are still affected by evacuation orders around Flin Flon.
Hudbay says it still expects to meet its annual targets for Snow Lake, given strong performance there so far this year.
This report by The Canadian Press was first published June 16, 2025.
Companies in this story: (TSX: HBM)
The Canadian Press
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
24 minutes ago
- Entrepreneur
Geoffrey Hinton: These Jobs Will Be Replaced Due to AI
Geoffrey Hinton, called the "Godfather of AI" due to his pioneering work on AI, says some fields face a heavier risk of replacement due to automation. The "Godfather of AI" says that some fields are safer than others when it comes to being replaced by AI. Geoffrey Hinton, 78, is often referred to as the Godfather of AI due to his pioneering work on neural networks, which began in the late 1970s. Hinton has been researching AI for decades at the University of Toronto and is now a professor emeritus in the university's department of computer science. His research group made breakthrough discoveries in deep learning. Hinton, who won the 2024 Nobel Prize in Physics for his work on machine learning, said that AI had the potential to cause mass joblessness in an interview on the podcast "Diary of a CEO" that aired on Monday. "I think for mundane intellectual labor, AI is just going to replace everybody," Hinton said. "Mundane intellectual labor" refers to white-collar jobs. He specified that the replacement would take the form of "a person and an AI assistant" doing the work that "ten people did previously." Related: These 3 Professions Are Most Likely to Vanish in the Next 20 Years Due to AI, According to a New Report Hinton gave one example, noting that paralegals were at risk of losing their jobs to AI, and said that he would be "terrified" to work in a call center right now, due to the potential for automation. However, he pointed out that blue-collar work would take a longer time to be replaced by AI. "I'd say it's going to be a long time before it [AI] is as good at physical manipulation," Hinton said in the podcast. "So, a good bet would be to be a plumber." In the interview, Hinton also challenged the notion that AI would create new jobs, stating that if AI automated intellectual tasks, there would be few jobs left for people to do. "You'd have to be very skilled to have a job that it [AI] just couldn't do," Hinton said. Geoffrey Hinton. Photo By Ramsey Cardy/Sportsfile for Collision via Getty Images AI has the potential to decrease hiring, especially for entry-level jobs. A report released last month from venture capital firm SignalFire found that big tech companies have stopped hiring new graduates for entry-level roles as much as they did in the past, and AI is a significant reason for the decline. The report found that the percentage of new graduate hires at companies like Meta and Google dropped by 25% from 2023 to 2024, reaching just 7% in 2024. Related: Investment Firm CEO Tells Thousands in Conference Audience That 60% of Them Will Be 'Looking for Work' Next Year It's not just the tech industry — Wall Street also shows signs of being impacted by AI. In March, Morgan Stanley announced layoffs of 2,000 employees, intending to replace some with AI. A report released in January from Bloomberg Intelligence showed that AI could cause as many as 200,000 job cuts across 93 major banks, including Citigroup and JPMorgan, within the next five years.
Axios
27 minutes ago
- Axios
At Home enters bankruptcy amid tariff concerns
At Home has started bankruptcy proceedings amid economic concerns about tariffs but plans to keep most of its stores open. Why it matters: The Coppell-based low-priced home goods company says it has faced "continued volatility" in the home goods industry. "We are operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs," At Home announced Monday. The big picture: At Home now joins other major retailers — including Joann, Bed Bath & Beyond, Party City and Conn's — that have filed for bankruptcy in recent years. The latest: At Home recently reached a restructuring agreement with lenders with more than 95% of the company's debt. The process includes filing for voluntary Chapter 11 bankruptcy and changing ownership. The company plans to close 26 stores by Sept. 30 — none are in Texas, per the Des Moines Register. Flashback: In 2022, the company moved its headquarters from Plano to the Cypress Waters development. The building was big enough to accommodate 1,000 employees over the next 10 years. At Home was expecting to expand to 600 stores. The company currently has 260 stores, per court filings. What's next: At Home says most of its stores will continue to operate in the "normal course of business." The company's return policies, loyalty program and gift cards will remain. The website will also make sales. "At Home is not shutting down," the company says. Reality check: Though filing for bankruptcy isn't a death sentence, it's common for a company to say it will stay open and shut down later.
Miami Herald
36 minutes ago
- Miami Herald
Mazda Leans on Toyota to Survive EV Disruption and U.S. Tariffs Shake-Up
At a time when the auto industry is undergoing massive change, even the largest manufacturers can run short of cash. For a small player like Mazda it's become increasingly difficult to keep up. Unless, that is, it can find some help from an industry giant like Toyota. The two erstwhile competitors have found a growing number of reasons to cooperate. They've partnered on several new products and have even set up a joint venture assembly plant in Huntsville, Alabama. But that could be just the start of a beautiful friendship, Mazda CEO Masahiro Moro told Autoblog during a meeting in his office in Hiroshima. "Our collaboration is broader than you might think of it," said Moro. "We are doing it because of global competition. In the era of electrification and of software-defined vehicles, we have to go after too many things at the same time." With internal combustion technology, the CEO explained, it made sense for manufacturers to maintain complete autonomy. That's changed with hybrids and EVs, though, as electric motor drive systems "have the same characteristics, almost." "We are moving from an automotive industry into a mobility industry. That's a game change and you have to help each other to save your resources. Mazda and Toyota first started working together back in 2017. Their first two jointly developed products came to market four years later. They've since doubled that to four models, two for each manufacturer, with the Mazda CX-50 Hybrid and the Toyota Corolla Cross Hybrid. Both roll out of the Mazda Toyota Manufacturing factory that opened in Huntsville in 2023, at an initial cost of $2.3 billion. It's still in the ramp phase, noted Moro, operating at just two shifts and last year producing about 100,000 vehicles. Mazda is looking to boost that to 150,000 in the near future. The tie-up with Toyota is clearly paying off. With its expanded line-up and its ability to produce locally, Mazda saw sales in the U.S. market grow 16.8% last year to 424,382 vehicles. By comparison, its global volume grew a much more modest 2.6% to 1.278 million. The plant not only gives the Hiroshima-based automaker more product to sell but will reduce its potential hit from the new Trump import auto tariffs. Like other automakers, Mazda continues to explore its opportunities to minimize the impact of those new trade sanctions – which formally went into effect on May 3. For his part, Chief Financial Officer Jeff Guyton said Mazda's board has been looking at what he described as "Plan A and Plan B" strategies. The plans explore a variety of options, including what products to offer in the U.S., as well as where both parts and components, as well as fully assembled vehicles, will be sourced. The ability to increase production in Alabama is just one option. But CEO Moro stressed that even changing parts suppliers "takes a long time so it won't be an immediate switch. Meanwhile, we need to consider and reevaluate our business priorities, investment priorities and timeframe." The relationship with Toyota, meanwhile, adds more potential opportunities, according to Moro. Asked whether the bigger automaker eventually might try "swallow" Mazda, Moro downplayed that possibility. In decades past, Toyota was loathe to form alliances unless absolutely essential, such as the 1980s-era partnership with General Motors that helped the industry giant see what it took to set up manufacturing in America. Toyota was more likely to acquire smaller manufacturers, as it did with Daihatsu and Hino. Today, however, Toyota has several alliances, including Subaru, as well as Mazda, and the three are now finding ways to work together. Their initial focus will be optimizing hybrid and EV drive technology. But the alliances aren't limited to product. "It is not just a technology and product collaboration," Moro said of Mazda's expanding ties to Toyota, "but also a business collaboration, like sales and finance in the U.S. We switched from a bank…to Toyota Financial Services to provide us flexibility to interact with customers." That's not to say Mazda is bound to become little more than a downsized clone, Moro stressed. It continues to maintain its independence in many areas. The widely acclaimed Iconic SP concept underscores the high premium Mazda puts on design. And it has a number of technologies that it so far hasn't shared, like the G-Vectoring system designed to minimize body roll and harshness. It's also working to revive the Wankel engine technology that was one of its defining features back in the 1970s and 1980s. Mazda, said Moro, knows it would be challenging to go it alone in today's environment, but it also knows that such a small company must also have a unique business proposition if its to stand out from its bigger competitors. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
