Hudbay Announces Board Chair Appointment
04 October 2019 - 7:00AM
Hudbay Minerals Inc. (“Hudbay” or the “company”)
(TSX, NYSE: HBM) today announced the
appointment of Stephen A. Lang as Chair of the company’s Board of
Directors. Mr. Lang has over 40 years of experience in the mining
industry, including engineering, development and production at
gold, copper, coal and platinum group metals operations. He was
Chief Executive Officer of Centerra Gold Inc. from 2008 to 2012 and
served as Centerra’s Board Chair from 2012 to 2019. Mr. Lang has
also held senior operating positions at Stillwater Mining Company,
Barrick Gold Corporation, Rio Algom Limited and Kinross Mining
Corporation. Mr. Lang holds a Bachelor of Science degree and a
Master's degree in mining engineering from the University of
Missouri-Rolla.
“We are very pleased that Stephen Lang is
joining our Board as Chair as Hudbay embarks upon a very promising
future,” said Carin S. Knickel, Chair of Hudbay’s Chair Search
Committee. “Stephen has unparalleled experience in mining
operations and this, combined with his business and Board
leadership experience, make him the ideal choice for our Board. We
look forward to working with Stephen as we seek to maximize the
potential of our high-quality operating and development
assets.”
In connection with Mr. Lang’s appointment, Alan
R. Hibben has stepped down as Hudbay’s Chair and will remain on the
Board as an independent director.
“On behalf of the Board, we would like to thank
Alan for his dedicated service as a director and Chair of Hudbay,”
said Ms. Knickel. “Alan served as Hudbay’s Chair during a time of
significant transition for the company and his strong leadership
will always be appreciated.”
As previously announced, Hudbay’s Board is
conducting a search for a permanent Chief Executive Officer and the
Board will provide updates in due course.
About Hudbay
Hudbay (TSX, NYSE: HBM) is an integrated mining
company primarily producing copper concentrate (containing copper,
gold and silver), molybdenum concentrate 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.
Directly and through its subsidiaries, Hudbay owns three
polymetallic mines, four ore concentrators and a zinc production
facility in northern Manitoba and Saskatchewan (Canada) and Cusco
(Peru), and copper projects in Arizona and Nevada (United States).
The company’s growth strategy is focused on the exploration and
development of properties it already controls, as well as other
mineral assets it may acquire that fit its strategic criteria.
Hudbay’s vision is to be a responsible, top-tier operator of
long-life, low-cost mines in the Americas. Hudbay’s mission is to
create sustainable value through the acquisition, development and
operation of high-quality, long-life deposits with exploration
potential in jurisdictions that support responsible mining, and to
see the regions and communities in which the company operates
benefit from its presence. 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. Further information about Hudbay can
be found on www.hudbay.com.
For investor and media inquiries, please
contact:
Candace BrûléDirector, Investor Relations
(416) 814-4387 candace.brule@hudbay.com
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