Hudbay Receives US$125 Million Deposit Payment from Silver Wheaton

Hudbay Receives US$125 Million Deposit Payment from Silver Wheaton 
TORONTO, ONTARIO -- (Marketwired) -- 06/26/13 -- HudBay Minerals Inc.
("Hudbay") (TSX:HBM)(NYSE:HBM) today announced that it has received a
deposit payment of US$125 million from Silver Wheaton Corp. pursuant
to the previously announced US$750 million precious metals stream
transaction. Hudbay received the initial US$500 million deposit
payment in September 2012 and will receive the final US$125 million
deposit payment once it has incurred and paid US$1 billion in capital
expenditures at its Constancia project in Peru. 
Forward-Looking Information 
This news release contains "forward-looking statements" and
"forward-looking information" (collectively, "forward-looking
information") within the meaning of applicable Canadian and United
States securities legislation. Forward-looking information includes
information that relates to, among other things, our objectives,
strategies, and intentions and future financial and operating
performance and prospects, including our expectation that we will
receive the final US$125 million deposit payment from Silver Wheaton
Corp. pursuant to the precious metals stream transaction.  
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 us 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 we identified and were
applied by us in drawing conclusions or making forecasts or
projections set out in the forward looking information include, but
are not limited to, the execution of our business strategy, including
the success of our strategic investments and initiatives; the
availability of financing for our exploration and development
projects and activities; the ability to complete project targets on
time and on budget and other events that may affect our ability to
develop our projects; and no significant and continuing adverse
changes in general economic conditions or conditions in the financial
markets.  
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 and energy prices), uncertainties related to the
development and operation of our projects, risks related to political
or social unrest or change and those in respect of aboriginal and
community relations and rights and title claims, compliance with
government and environmental regulations, including permitting
requirements and anti-bribery legislation, dependence on key
personnel and employee relations, volatile financial markets that may
affect our ability to obtain financing on acceptable terms,
uncertainties related to the geology, continuity, grade and estimates
of mineral reserves and resources and the potential for variations in
grade and recovery rates, uncertain costs of reclamation activities,
our ability to comply with our pension and other post-retirement
obligations, as well as the risks discussed under the heading "Risk
Factors" in our most recent annual information form dated March 27,
2013. 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, the
reader 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:HBM)(NYSE:HBM) is a Canadian integrated mining company
with assets in North and South America principally focused on the
discovery, production and marketing of base and precious metals.
Hudbay's objective is to maximize shareholder value through efficient
operations, organic growth and accretive acquisitions, while
maintaining its financial strength. A member of the S&P/TSX Composite
Index and the S&P/TSX Global Mining Index, Hudbay is committed to
high standards of corporate governance and sustainability. Further
information about Hudbay can be found on www.hudbayminerals.com. 
Contacts:
HudBay Minerals Inc.
John Vincic, Vice President,
Investor Relations and Corporate Communications
(416) 362-0615
john.vincic@hudbayminerals.com
www.hudbayminerals.com
 
 
Press spacebar to pause and continue. Press esc to stop.