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Board of Directors Chair changes at Hudbay Minerals Inc. and Centerra Gold Inc.

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Stephen A. Lang- Incoming Chair of the Hudson Bay Inc Board of Directors

TORONTO, Oct. 03, 2019 – Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) has announced the appointment of Stephen A. Lang as Chair of the company’s Board of Directors. Mr. Lang has over 40 years of experience in the mining industry, including engineering, development and production at gold, copper, coal and platinum group metals operations. 

He was Chief Executive Officer of Centerra Gold Inc. from 2008 to 2012 and served as Centerra’s Board Chair from 2012 to 2019.  His experience in the mineral sector includes engineering, development and production in gold, coal, platinum group metals and copper operations. Mr. Lang joined Centerra in 2007 as Vice President and Chief Operating Officer and was appointed President and Chief Executive Officer in June of 2008 until May 2012.

Between 2003 and 2007, Mr. Lang served as Executive Vice President and Chief Operating Officer of Stillwater Mining Company. Prior to joining Stillwater, he was employed with Barrick Gold Corporation as Vice President and General Manager of Barrick Gold’s Goldstrike/Meikle operation from 2001 to 2003. Prior to this, he served as Vice President of Engineering and Project Development of Rio Algom Limited in Santiago, Chile from 1999 to 2001. From 1996 to 1999, he served as Vice President and General Manager of Kinross Gold Corporation/Amax Gold Corporation’s Fort Knox Mine in Fairbanks, Alaska.

From 1981 to 1996, he held various positions with Santa Fe Pacific Gold Corporation, including General Manager of the Twin Creeks Mine in Golconda, Nevada. Mr. Lang earned a Bachelor of Science degree in Mining Engineering from the University of Missouri-Rolla and a Master’s degree in Mining Engineering from the University of Missouri-Rolla. Mr. Lang currently serves on the Board of Directors of International Tower Hill Mines Ltd and Alio Gold Corp. Chair and Director, was a lecturer at Missouri University of Science and Technology from 2012 to 2014.

“We are very pleased that Stephen Lang is joining our Board as Chair as Hudbay embarks upon a very promising future,” said Carin S. Knickel, Chair of Hudbay’s Chair Search Committee. “Stephen has unparalleled experience in mining operations and this, combined with his business and Board leadership experience, make him the ideal choice for our Board. We look forward to working with Stephen as we seek to maximize the potential of our high-quality operating and development assets.”

In connection with Mr. Lang’s appointment, Alan R. Hibben has stepped down as Hudbay’s Chair and will remain on the Board as an independent director.

“On behalf of the Board, we would like to thank Alan for his dedicated service as a director and Chair of Hudbay,” said Ms. Knickel. “Alan served as Hudbay’s Chair during a time of significant transition for the company and his strong leadership will always be appreciated.”

Hudbay’s Board is conducting a search for a permanent Chief Executive Officer .

Michael S. Parrett, Chair and Director- Centerra Gold Inc.

To fill the gap left by Stephen, Centerra Gold Inc. has elevated Michael S. Parrett  as Independent Chair of the Board of Directors effective October 1, 2019. Mr. Lang, who joined Centerra’s Board of Directors in 2008 and has held the Chair position since 2012, will remain as a board member and support an orderly transition.

“On behalf of the Board, I would like to thank Steve for his significant contributions during his time as Chair and previously as Chief Executive Officer of the Company. His leadership and guidance at the Board level has been fundamental to Centerra’s success, including the recent completion of the Strategic Agreement with the Government of the Kyrgyz Republic,” said Scott Perry, President and Chief Executive Officer of Centerra.

Mr. Parrett, who has served as a director of Centerra since 2014, has over 35 years of  experience in the mining industry, including having served as Chief Executive Officer of Billiton Base Metals, President and Chief Financial Officer of Rio Algom Ltd, and Chief Financial Officer, Treasurer and Controller at Falconbridge Ltd. He also has significant experience as a Corporate Director including serving as Chair of the Board of Gabriel Resources Ltd. He is a Chartered Professional Accountant and received his Bachelor of Arts degree in Economics from York University.

“As part of our ongoing succession planning Mike was identified as a highly qualified and capable successor. The Board is pleased to see Mike assume this Board leadership role and are excited to work with him to continue Centerra’s success for the benefit of its shareholders and other stakeholders,” said Sheryl Pressler, Chair of Centerra’s Nominating and Corporate Governance Committee.

About HudbayMinerals Inc.

Hudbay (TSX, NYSE: HBM) is an integrated mining company primarily producing copper concentrate (containing copper, gold and silver), molybdenum concentrate and zinc metal. With assets in North and South America, the company is focused on the discovery, production and marketing of base and precious metals. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration and development of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol “HBM” on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima.

About Centerra
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is the largest Western-based gold producer in Central Asia. Centerra operates two flagship assets, the Kumtor Mine in the Kyrgyz Republic and the Mount Milligan Mine in British Columbia, Canada and is building its next gold mine, the 100% owned Öksüt Mine in Turkey. Centerra’s shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Ontario, Canada.

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