HudBay Minerals Inc.

5

Canada & Ontario Toronto

25 York Street, Suite 800

+1 416 362-8181

www.hudbayminerals.com

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Company Press Releases

Hudbay Completes Offering of US$600 Million Aggregate Principal Amount of Senior Notes

TORONTO, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today announced that it has completed its previously announced offering of US$600 million aggregate principal amount of 6.125% senior notes due 2029 (the “New Notes”). The New Notes will be governed by an indenture, dated as of September 23, 2020, among the company, the subsidiaries of the company party thereto as guarantors and U.S. Bank National Association, as trustee. Hudbay plans to use the net proceeds from the offering of the...

Hudbay Announces Offering of US$500 Million Aggregate Principal Amount of Senior Notes

TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today announced that it is offering US$500 million aggregate principal amount of senior notes (the “New Notes”). The interest rate and other terms of the New Notes will be determined at pricing and are dependent upon market conditions and other factors. Hudbay plans to use the net proceeds from the offering of the New Notes to refinance all of its outstanding US$400 million aggregate principal amount of 7.250% senior notes due 20...

Hudbay Announces Pricing for Upsized US$600 Million Aggregate Principal Amount of Senior Notes and Redemption of its Outstanding 7.250% Senior Notes due 2023

TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today announced that it has priced an upsized offering of US$600 million aggregate principal amount of 6.125% senior notes due 2029 (the “New Notes”).  The size of the offering was increased from the previously announced US$500 million aggregate principal amount.  The New Notes will be issued at 100% of their principal amount, providing the company with gross proceeds of US$600 million. The New Notes offering is expected to c...

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