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Hudbay Announces Board Chair Appointment

Monday, October 7th, 2019

Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) recently 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.

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