TORONTO, ONTARIO–(Marketwired – July 31, 2014) – HudBay Minerals Inc. (“Hudbay” or the “company”) (TSX:HBM)(NYSE:HBM) today announced that it has priced an additional offering of US$170 million aggregate principal amount of its 9.50% senior unsecured notes due October 1, 2020 (the “Notes”). The Notes are additional to the US$750 million aggregate principal amount of 9.50% senior unsecured notes that Hudbay issued in September 2012, June 2013 and December 2013 (the “Existing Notes”). The Notes were priced at 107.00% of the aggregate principal amount, providing the company with gross proceeds of US$181.9 million and will yield 8.03% to maturity. The offering is expected to close on or about August 6, 2014, subject to customary closing conditions. Hudbay plans to use the net proceeds from the offering for the repayment of existing debt of its new approximately 96%-owned subsidiary, Augusta Resource Corporation (“Augusta”), and for general corporate purposes.