TSX, NYSE – HBM 2019 No. 6 Hudbay Announces Receipt of Section 404 Water Permit for Rosemont
TSX, NYSE – HBM
2019 No. 6
Hudbay Announces Receipt of Section 404 Water Permit for Rosemont
Toronto, Ontario, March 8, 2019 – Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM)
announced today that the U.S. Army Corps of Engineers ("Army Corps") has issued a Section 404 Water Permit (the
“404 Permit”) for Hudbay’s Rosemont Project. Rosemont has already received the Final Record of Decision from the
U.S. Forest Service (“USFS”), a process that involved 17 co-operating agencies at various levels of government, 16
hearings, over 1,000 studies, and 245 days of public comment resulting in more than 43,000 comments. Now that the
404 Permit has been issued, Hudbay expects to receive Rosemont’s Mine Plan of Operations from the USFS shortly
and looks forward to moving the project into development.
“The receipt of Rosemont’s 404 water permit is a major milestone in our efforts to build a modern mine that will fulfill
the requirements of its permits, create jobs and provide benefits for all of our stakeholders,” said Alan Hair, Hudbay’s
president and chief executive officer. “There is positive momentum at Rosemont and across our business as we
continue to position Hudbay to create long-term and sustainable value for shareholders. We appreciate the diligence
that the Army Corps has put into its consideration of Rosemont’s permit application, and look forward to advancing
Rosemont into construction.”
Hudbay will continue to execute its plan regarding the Rosemont project and will provide updates as developments
warrant.
Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian and United States
securities legislation. Forward-looking information includes, but is not limited to, expectations regarding the final Mine
Plan of Operations, the timing, cost and benefits of developing the Rosemont project and Hudbay’s future plans for
Rosemont. 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 the company 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.
The material factors or assumptions that Hudbay identified and were applied by the company in drawing conclusions
or making forecasts or projections set out in the forward-looking information include, but are not limited to, obtaining
the final permits for Rosemont and obtaining any required joint venture partner approvals to advance the project, the
timing and possible outcome of pending litigation related to the Rosemont permits, no significant unanticipated
litigation or delays to the development of Rosemont and the availability of financing to develop Rosemont.
The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those
expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated
with the mining industry, such as economic factors (including future commodity prices, currency fluctuations, energy
TSX, NYSE – HBM
2019 No. 6
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prices and general cost escalation), as well as the risks discussed under the heading “Risk Factors” in Hudbay’s most
recent Annual Information Form.
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.
Accordingly, you should not place undue reliance on 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 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 d evelopment 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 further information, please contact:
Candace Brûlé
Director, Investor Relations
(416) 814-4387