New Ingerbelle Adds Long Term Economic Viability to Princeton

Posted on Oct 09, 2025



Princeton is no stranger to resource-driven growth, and the latest development from Hudbay Minerals is poised to bring a new wave of opportunity to our community. The New Ingerbelle Project, an extension of the Copper Mountain Mine located just 20 km south of town, is more than just a mining expansion—it’s a long-term investment in the future of Princeton.

What Is the New Ingerbelle Project?


Hudbay Minerals, through its subsidiary Copper Mountain Mine (BC) Ltd., is proposing a push-back of the existing open pit and a mine life extension from 2033 to 2040 A. This initiative, known as the New Ingerbelle Project, involves expanding operations to access additional copper and gold reserves, ensuring continued production and employment for years to come.  The project is situated in the Similkameen Valley, a region rich in natural resources and cultural heritage. 



Economic Benefits for Princeton


The Copper Mountain Mine already employs over 500 people and produces more than 45,000 tonnes of copper annually. With the New Ingerbelle extension, we can expect:

  • Job Security and Growth: Extending the mine’s life means sustained employment for hundreds of workers and potential new job openings in mining, logistics, and support services.
  • Local Business Boost: Increased activity at the mine translates to more demand for housing, retail, hospitality, and professional services in Princeton.
  • Infrastructure Investment: Long-term operations often lead to upgrades in roads, utilities, and community services—benefiting residents and attracting new investment.



Impact on Real Estate




For potential buyers and long term investors, the New Ingerbelle Project signals a strong market outlook:

  •  Rising Demand for Housing: With stable employment and population growth, demand for both rental and ownership properties is likely to increase.
  •  Higher Property Values: Economic confidence and infrastructure improvements often lead to appreciation in property values.
  •  Commercial Opportunities: Businesses catering to mine workers and their families - restaurants, shops, service providers - will need space, creating demand for commercial real estate.

A Community on the Rise



While it’s important to balance economic development with environmental stewardship and cultural respect, the New Ingerbelle Project represents a major opportunity for Princeton. As your local C21 real estate experts, staying informed and proactive about these changes allows us to offer insight into the impacts of the real estate market to help you make a smarter real estate investments.

For additional details regarding the project, visit Hudbay's website at:





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