A total of C$61,500 in scholarships has been awarded to students studying mining-related programs in Canada.

The plan will support the government's beneficiation ambition in the metals industry, Fitch says.

Hudbay believes it should still meet its 2020 production and cost guidance.

Operations are expected to recommence early this week and the stoppage is not expected to materially affect operational nor financial results.

Lawsuits have hampered the government’s efforts to privatize the assets.

Karen Wood, chair of the board, told McKinsey the covid-19 pandemic has led broader industry to become more focused on the importance of the social element.

Commercial operation will begin in December, and the government hopes it will boost gold production by 25%.