Hudbay Completes Transaction to Consolidate 100% Ownership in the Copper Mountain Mine

Group 1 - Hudbay Minerals Inc. has completed the acquisition of Mitsubishi Materials Corporation's 25% interest in Copper Mountain Mine, resulting in Hudbay owning 100% of the mine [1] - The acquisition aligns with Hudbay's strategy to increase copper production in tier-1 mining jurisdictions, reinforcing its position as the second largest copper producer in Canada [2] - Following the acquisition, Hudbay is reviewing its Canadian corporate structure to generate tax synergies through sharing tax pools among its Canadian entities [3] Group 2 - Hudbay operates three long-life mining operations and has a pipeline of copper growth projects in Canada, Peru, and the United States [8] - The company's primary production focus is on copper, complemented by gold, zinc, silver, and molybdenum [9] - Hudbay's mission emphasizes sustainable value creation and strong returns through community relations, exploration, mine development, and efficient operations [10]