 Hudbay Minerals Inc. Hudbay or the company TSX, NYSE: HBM today announced that the company has entered into a gold forward sale and prepay arrangement Gold Prepay with a syndicate of its existing lenders whereby the company will receive an upfront payment of US115 million in exchange for delivering a total of 79,954 gold ounces in 2022 and 2023 based on gold forward curve prices averaging approximately US1,682 per ounce. We are pleased to bolster our liquidity position and prefund the entire capital budget for the New Britannia gold mill refurbishment, which is a low-risk, high-return investment with a short payback that is expected to more than double our gold production in Snow Lake to over 150,000 ounces per year by 2022, said Peter Kukielski, Hudbays President and Chief Executive Officer. 