Hudbay Minerals Announces TSX Approval For Normal Course Issuer Bid Allowing Repurchase Of Up To 19.75M Common Shares, Representing 5% Of Outstanding Shares, Over 12-Month Period

Author: Benzinga Newsdesk | May 28, 2025 08:07am

Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, (TSX, NYSE:HBM), announced today that the Toronto Stock Exchange (the "TSX") has approved its notice of intention to commence a normal course issuer bid ("NCIB") for its common shares ("Shares"). The NCIB will be made in accordance with the requirements of the Toronto Stock Exchange and applicable securities laws.

Pursuant to the NCIB, Hudbay is authorized to acquire up to a maximum of 19,751,983 Shares, representing 5% of its issued and outstanding Shares as of May 22, 2025, for cancellation over a 12-month period. The actual number of Shares which may be purchased by Hudbay pursuant to the NCIB and the timing of such purchases will be determined by management of the Company and remains subject to a number of factors, including market conditions, share price, available cash resources and other opportunities to invest capital for growth.

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