Hudbay Minerals Inc.

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.

Hudbay Minerals Inc. announced that all nine individuals nominated for election as directors were successfully elected at the Company's Annual and Special Meeting of Shareholders held on May 19, 2026. The election results showed strong shareholder support for the nominated slate, with percentages of votes "FOR" ranging from 94.02% to 99.84% for the individual directors.

Hudbay Minerals Inc. announced the release of its 2025 Annual Report, detailing significant business, financial, and sustainability accomplishments from the past year. The report emphasizes the company's commitment to "set the Gold Standard in Copper" through strong performance, sustainability, and community engagement. Key achievements include a fourth consecutive year of declining injury frequency, $16.2 million in community investments, and 84% water recycling across operations.

Hudbay Minerals Inc. has filed a short form base shelf prospectus, enabling the company to offer various securities, including common shares, preference shares, debt securities, subscription receipts, warrants, and units, over a 37-month period. This filing provides Hudbay with flexibility for future capital raising activities, with the specific terms of any offering to be detailed in subsequent prospectus supplements. The company qualifies as a "well-known seasoned issuer" under Canadian regulations.

Hudbay Minerals Inc. reported record first-quarter 2026 financial results, with revenue increasing 27.3% to $757.3 million and net income attributable to owners rising 89.6% to $190.4 million, or $0.48 per share. The company achieved record adjusted EBITDA of $421.9 million and record low consolidated cash costs of $(1.80) per pound of copper. Hudbay also reaffirmed its full-year 2026 production and cost guidance and highlighted the strategic investment by Mitsubishi for a 30% minority interest in the Copper World project, which closed in January 2026.

Hudbay Minerals Inc. reported record first-quarter 2026 financial results, with revenue of $757.3 million, adjusted EBITDA of $421.9 million, and adjusted net earnings of $159.1 million. The company reaffirmed its full-year 2026 production and cost guidance, driven by steady operating performance and strong copper and gold exposure. Hudbay also strengthened its balance sheet by repaying $472.5 million in senior unsecured notes and closed the Copper World joint venture, while advancing the acquisition of Arizona Sonoran Copper Company Inc. to enhance its copper growth pipeline.