Hudbay Minerals Welcomes New Leadership with Board Chair Change

Hudbay Minerals Transitions Board Leadership

Toronto-based Hudbay Minerals Inc. has recently unveiled significant changes within its Board of Directors that reflect the company's commitment to strong governance and strategic growth. The transition comes as the company looks to the future, with a focus on enhancing leadership and continuing its mission to provide essential metals to the world.

Stephen A. Lang Steps Down

Stephen A. Lang, who has served as the Chair of the Board since October 2019, has decided to step down due to health concerns. His tenure has been marked by notable achievements, including overseeing the successful navigation of complex market conditions and ensuring robust free cash flows, particularly from operations in Peru and Manitoba. Despite stepping down from the Chair position, Mr. Lang will remain an integral part of the Board as an independent director.

David S. Smith Appointed Chair

In a strategic move, David S. Smith has been appointed as the new Chair of the Board, effective January 1 of the upcoming year. With nearly four decades of experience in financial and executive roles within the mining sector, Smith brings a wealth of knowledge and expertise to this leadership role. His background includes significant leadership positions and a focus on both financial management and mining operations.

Value of Leadership Transition

Carin S. Knickel, Chair of Hudbay's Corporate Governance and Nominating Committee, expressed appreciation for Mr. Lang’s dedication and leadership over his five years on the Board. She emphasized how Smith's vast experience and familiarity with Hudbay's operations will guide the company in executing its ongoing strategy and embarking on its next phase of growth.

Smith's Extensive Background

David Smith's professional history includes serving as the Chief Financial Officer and Executive Vice President of Finning International Inc., showcasing his ability to lead in the mining industry. His impressive track record also features roles at Ballard Power Systems and senior positions at Placer Dome Inc., adding to his extensive experience in corporate governance and operational excellence. Smith currently holds directorship with IAMGOLD Corporation and is known for his strong governance practices within public mining companies.

About Hudbay Minerals Inc.

Hudbay operates primarily in copper mining and has developed a strong portfolio that includes the Constancia mine in Peru, the Copper Mountain mine in British Columbia, and the Snow Lake operations in Manitoba. The company is recognized for its commitment to sustainability and community engagement, highlighting its mission to create lasting value and positive impacts wherever it operates. In addition to copper, Hudbay also produces significant amounts of gold, contributing to its robust financial performance.

Future Mining Projects

As Hudbay moves forward, it focuses on various growth projects, including the Copper World project in Arizona and the Mason project in Nevada, along with multiple exploration opportunities. The company prides itself on responsible mining practices and maintaining strong relationships with local communities, ensuring sustainable practices that resonate with their core values.

Hudbay's Mission and Commitment

The core purpose of Hudbay is succinctly captured in their commitment statement: 'We care about our people, our communities, and our planet.' The company is dedicated to providing essential metals while working sustainably and transforming lives to create better futures for the communities it serves.

Contact Information for Hudbay

For those seeking further information or clarification regarding Hudbay’s leadership transition and operations, Candace Brûlé serves as the Vice President of Investor Relations, Financial Analysis, and External Communications. Interested parties can reach her at (416) 814-4387 or via email at investor.relations@hudbay.com.

Frequently Asked Questions

Who is the new Chair of the Board at Hudbay Minerals?

David S. Smith has been appointed as the new Chair, taking over from Stephen A. Lang.

Why did Stephen A. Lang step down as Chair?

Stephen A. Lang stepped down due to health concerns but will continue to serve as an independent director.

What are some of Hudbay's key projects?

Hudbay's key projects include the Constancia mine in Peru, the Snow Lake operations in Canada, and the Copper Mountain mine.

How does Hudbay emphasize sustainability?

Hudbay is committed to sustainable mining practices and actively engages with communities to create positive impacts.

Who should I contact for more information about Hudbay?

Candace Brûlé, the Vice President of Investor Relations, can be contacted at (416) 814-4387 for inquiries.

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