Hudbay Comments on Media Report
05 October 2018 - 7:11AM
Hudbay Minerals Inc. (“Hudbay” or the “company”)
(TSX, NYSE: HBM) Hudbay today commented
on a media report speculating on a potential business acquisition
by the company. While the company’s policy is to avoid comment on
speculation and rumours, Hudbay emphasizes that it has had a
consistent strategy of optimizing the value of its current
operations and evaluating growth opportunities that are
complementary to its current business and that it continues to
adhere to this strategy. As described in Hudbay’s public
disclosure, this may include acquisitions that fit Hudbay’s
stringent criteria, ranging from early stage exploration to
producing mines, provided they are accretive to shareholder value
on a per share basis. Further, any acquisitions would ensure that
Hudbay retains the financial flexibility and management capacity to
maximize the value of its assets and existing growth opportunities.
Forward-Looking Information
This news release contains “forward-looking
statements” and “forward-looking information” (collectively,
“forward-looking information”) within the meaning of applicable
Canadian and United States securities legislation. Forward-looking
information includes information that relates to, among other
things, statements with respect to Hudbay’s strategy respecting
acquisitions and existing operations. Forward-looking information
is not, and cannot be, a guarantee of future results or events.
Forward-looking information is based on, among
other things, opinions, assumptions, estimates and analyses that,
while considered reasonable by us at the date the forward-looking
information is provided, inherently are subject to significant
risks, uncertainties, contingencies and other factors that may
cause actual results and events to be materially different from
those expressed or implied by the forward-looking information.
Should one or more risk, uncertainty, contingency or other factor
materialize or should any factor or assumption prove incorrect,
actual results could vary materially from those expressed or
implied in the forward-looking information. Hudbay does not assume
any obligation to update or revise any forward-looking information
after the date of this news release or to explain any material
difference between subsequent actual events and any forward-looking
information, except as required by applicable law.
About Hudbay
Hudbay (TSX, NYSE: HBM) is an integrated mining
company producing copper concentrate (containing copper, gold and
silver) and zinc metal. With assets in North and South America, the
company is focused on the discovery, production and marketing of
base and precious metals. Through its subsidiaries, Hudbay owns
four polymetallic mines, four ore concentrators and a zinc
production facility in northern Manitoba and Saskatchewan (Canada)
and Cusco (Peru), and a copper project in Arizona (United States).
The company is governed by the Canada Business Corporations Act and
its shares are listed under the symbol "HBM" on the Toronto Stock
Exchange, New York Stock Exchange and Bolsa de Valores de Lima.
Hudbay also has warrants listed under the symbol “HBM.WT” on the
Toronto Stock Exchange and “HBM/WS” on the New York Stock Exchange.
Further information about Hudbay can be found on
www.hudbay.com.
For further information, please contact:
Carla NawrockiDirector, Investor Relations(416)
362-7362carla.nawrocki@hudbay.com
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