WINNIPEG, MANITOBA--(CCNMatthews - May 29, 2006) - HudBay Minerals
Inc. (TSX:HBM) (HudBay) announces that its subsidiary, Hudson Bay Mining
and Smelting Co., Limited (HBMS), has repurchased, through the open
market, an additional US$57.188 million of its 9 5/8% senior secured
notes due January 5, 2012.
Note repurchases now total
approximately US$107 million, leaving a balance of approximately US$68
million of the senior secured notes outstanding.
"We have now
repurchased a significant amount of our notes," said Jeff Swinoga,
Vice-President and Chief Financial Officer of HudBay.
About HudBay Minerals Inc.
HudBay
Minerals Inc. is an integrated mining and metals company that operates
mines, concentrators and a metal production complex in northern Manitoba
and Saskatchewan. The company also owns a zinc oxide production
facility in Ontario, the White Pine Copper Refinery in Michigan, and the
Balmat zinc mine in New York state.
FOR FURTHER INFORMATION PLEASE CONTACT:
HudBay Minerals Inc.
Don Bain
Director, Investor Relations
(204) 949-4272
(204) 942-8177 (FAX)
don.bain@hbms.ca
www.hudbayminerals.com