Hudbay Minerals Inc.

Hudbay Minerals Inc. announced the appointment of Thomas Schulz to its Board of Directors. Mr. Schulz brings over 25 years of executive leadership experience, including nine years as Group CEO of FLSmidth and senior roles at Sandvik. The company believes his extensive knowledge of the mining industry and strategic insights will be invaluable for Hudbay's continued growth and project execution.

Hudbay Minerals Inc. announced a correction to the record and payment dates for its upcoming quarterly cash dividend, which was previously declared on July 28, 2026, for C$0.01 per share. A typographical error in the July 29, 2026 news release led to incorrect dates. The corrected payment date is September 25, 2026, for shareholders of record as of September 8, 2026. All other terms of the dividend remain unchanged.

Hudbay Minerals reported strong Q2 2026 results with net earnings attributable to owners of $137.4 million and revenue of $631.3 million, alongside improved full-year cash cost guidance. The company completed the acquisition of Arizona Sonoran Copper Company Inc. (ASCU) on June 24, 2026, making it a wholly owned subsidiary and adding the Cactus project. Additionally, Hudbay closed its Copper World joint venture with Mitsubishi in January 2026, selling a 30% minority interest for $420 million cash upfront and $180 million deferred.

Hudbay Minerals Inc. reported strong second-quarter 2026 financial results, including $631.3 million in revenue, $137.4 million in net earnings, and $321.2 million in adjusted EBITDA. The company generated over $100 million in free cash flow during the quarter and improved its full-year 2026 consolidated cash cost guidance. Additionally, Hudbay announced key executive leadership appointments, with Eugene Lei becoming President and CFO and Robert Carter appointed COO, and completed the acquisition of Arizona Sonoran Copper Company, strengthening its copper growth pipeline.

Hudbay Minerals Inc. announced it will host a conference call on Wednesday, July 29, 2026, at 11:00 a.m. ET to discuss its second quarter 2026 results. The company plans to issue a news release containing these results before market open on the same day. An archived audio webcast will be available on Hudbay's website following the call.

Hudbay Minerals has completed the previously announced offering of US$52 million in 4.50% Arizona Industrial Development Authority Solid Waste Disposal Revenue Bonds for its Copper World project. The bonds, with an initial mandatory tender date of July 2, 2036, will fund eligible expenditures, capitalized interest, and other costs for the project in Pima County, Arizona. Hudbay and its subsidiaries guarantee the obligations under the loan agreement.

Hudbay Minerals Inc. announced the closing of its acquisition of Arizona Sonoran Copper Company Inc. through a court-approved plan of arrangement. Arizona Sonoran is now a wholly-owned subsidiary, with former shareholders receiving 0.242 Hudbay common shares for each Arizona Sonoran share. This acquisition is expected to significantly enhance Hudbay's copper growth pipeline, increasing annual production and creating substantial operational and regional synergies, positioning Hudbay as a leading Americas-focused copper company.

Hudbay Minerals Inc. announced the pricing of US$52 million in 4.50% Arizona Industrial Development Authority Solid Waste Disposal Revenue Bonds. These bonds will finance eligible expenditures for the Copper World project in Arizona. Hudbay and its subsidiaries will guarantee the obligations, with the transaction expected to close on June 24, 2026.

Hudbay Minerals Inc. announced that the Toronto Stock Exchange has approved its normal course issuer bid (NCIB). The company is authorized to repurchase up to 19,863,997 common shares, which represents 5% of its issued and outstanding shares as of May 21, 2026. The NCIB will commence on June 1, 2026, and conclude on May 31, 2027, with purchases funded from cash flow from operations and shares cancelled upon acquisition. Hudbay believes the market price of its shares may not fully reflect their underlying value, making repurchases a desirable use of capital and in the best interest of shareholders.

Hudbay Minerals Inc. shareholders approved all proposals at the Annual and Special Meeting held on May 19, 2026. All nine director nominees were elected for the ensuing year with strong shareholder support. Deloitte LLP was re-appointed as the company's auditor, and the non-binding advisory resolution on executive compensation was also approved.