<SEC-DOCUMENT>0001062993-21-001879.txt : 20210223
<SEC-HEADER>0001062993-21-001879.hdr.sgml : 20210223
<ACCEPTANCE-DATETIME>20210223134949
ACCESSION NUMBER:		0001062993-21-001879
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210222
FILED AS OF DATE:		20210223
DATE AS OF CHANGE:		20210223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hudbay Minerals Inc.
		CENTRAL INDEX KEY:			0001322422
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				980485558
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34244
		FILM NUMBER:		21664457

	BUSINESS ADDRESS:	
		STREET 1:		25 YORK STREET, SUITE 800
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2V5
		BUSINESS PHONE:		416-362-8181

	MAIL ADDRESS:	
		STREET 1:		25 YORK STREET, SUITE 800
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2V5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HudBay Minerals Inc.
		DATE OF NAME CHANGE:	20050331
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
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<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
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    <title>HudBay Minerals Inc.: Form 6-K - Filed by newsfilecorp.com</title>
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    <p style="text-align: center;"><b><font size="5">UNITED STATES </font></b><br><b><font size="5">SECURITIES AND EXCHANGE COMMISSION </font></b><br>Washington, D.C. 20549</p>
    <p style="text-align: center;"><b><font size="5">FORM 6-K </font></b></p>
    <p style="text-align: center;"><b>REPORT OF FOREIGN PRIVATE ISSUER </b><br><b>PURSUANT TO RULE 13A-16 OR 15D-16 OF </b><br><b>THE SECURITIES EXCHANGE ACT OF 1934 </b></p>
    <p style="text-align: center;">For the month of <b><u>February 2021</u></b></p>
    <p style="text-align: center;">Commission File Number:<b><u> 001-34244 </u></b></p>
    <p style="text-align: center;"><b><font size="5"><u>HUDBAY MINERALS INC. </u></font></b><br>(Translation of registrant&#8217;s name into English)</p>
    <p style="text-align: center;"><b>25 York Street, Suite 800 </b><br><b>Toronto, Ontario </b><br><b><u>M5J 2V5, Canada </u></b><br>(Address of principal executive offices)</p>
    <p style="text-align: left;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</p>
    <p style="text-align: center;">Form 20-F [&#160; &#160;]&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; Form 40-F [X]</p>
    <p style="text-align: left;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160;&#160; ]</p>
    <p style="text-align: left;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; &#160;]</p>
    <p style="text-align: left;">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</p>
    <p style="text-align: center;">Yes [&#160;&#160; ]&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; No [X]</p>
    <p style="text-align: justify;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule&#160;12g3-2(b): 82- _____________________________</p>
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    <p style="text-align: center;"><b>EXPLANATORY NOTE</b></p>
    <p style="text-align: justify;">On February 22, 2021, Hudbay Minerals Inc. (&#8220;Hudbay&#8221;) filed on the Canadian Securities Administrators&#8217; System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com the following document: (1) Material Change Report dated February 22, 2021.</p>
    <p style="text-align: justify;">A copy of the filing is attached to this Form 6-K and incorporated herein by reference, as follows:</p>
    <ul>
        <li>
            <p>Exhibit 99.1 &#8212; Material Change Report dated February 22, 2021.</p>
        </li>
    </ul>
    <p style="text-align: center;">2</p>
    <hr style="break-after: page; text-align: center;" width="100%" size="5" color="black" noshade="noshade">
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    <p style="text-align: center;"><b>SIGNATURE</b></p>
    <p style="text-align: justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p>
    <table style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&#160;</td>
            <td style="text-align: left; width: 48%;" colspan="2">HUDBAY MINERALS INC.</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&#160;</td>
            <td style="text-align: left; width: 48%;" colspan="2">(registrant)</td>
        </tr>
        <tr>
            <td>&#160;</td>
            <td style="width: 5%;">&#160;</td>
            <td style="width: 43%;">&#160;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&#160;</td>
            <td style="text-align: left; width: 5%;">By:</td>
            <td style="border-bottom: 1px solid #000000; text-align: left; width: 43%;">/s/ Patrick Donnelly</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&#160;</td>
            <td style="text-align: left; width: 5%;">Name:</td>
            <td style="text-align: left; width: 43%;">Patrick Donnelly</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&#160;</td>
            <td style="text-align: left; width: 5%;">Title:</td>
            <td style="text-align: left; width: 43%;">Vice President and General Counsel</td>
        </tr>
    </table>
    <p style="text-align: justify;">Date: February 23, 2021</p>
    <p style="text-align: center;">3</p>
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    <p style="text-align: center;"><b>EXHIBIT INDEX</b></p>
    <p style="text-align: justify;">The following exhibits are furnished as part of this Form 6-K:</p>
    <table style="font-size: 10pt; width: 100%;" border="0" cellspacing="0" cellpadding="0">
        <tr>
            <td style="border-bottom: 1px solid #000000; width: 8%;"><b>Exhibit</b></td>
            <td style="width: 5%;">&#160;</td>
            <td style="border-bottom: 1px solid #000000;"><b>Description</b></td>
        </tr>
        <tr>
            <td>&#160;</td>
            <td>&#160;</td>
        </tr>
        <tr style="background-color: #eeeeee;">
            <td><a href="exhibit99-1.htm">99.1</a></td>
            <td>&#160;</td>
            <td><a href="exhibit99-1.htm">Material Change Report dated February 22, 2021</a></td>
        </tr>
    </table>
    <p style="text-align: center;">4</p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title>Hudbay Minerals Inc.: Exhibit 99.1 - Filed by newsfilecorp.com</title>
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    <p style="text-align: center;"><b>Form 51-102F3</b></p>
    <p style="text-align: center;"><b>MATERIAL CHANGE REPORT</b></p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 1.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Name and Address of Company</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">Hudbay Minerals Inc. ("<b>Hudbay</b>" or the "<b>Company</b>")<br>25 York Street, Suite 800<br>Toronto, Ontario M5J 2V5</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 2.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Date of Material Change</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">February 22, 2021</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 3.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>News Release</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">Hudbay issued two news releases with respect to the material change referred to in this report on February 22, 2021. The news releases were disseminated through the newswire services of GlobeNewswire. Copies of the news releases are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov.</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 4.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Summary of Material Change</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">On<font style="color: #0000ff;">&#160;</font>February 22, 2021, Hudbay announced that it was offering US$600 million aggregate principal amount of senior notes. Subsequently, on<font style="color: #0000ff;">&#160;</font>February 22, 2021, Hudbay announced that it had priced the offering of US$600 million aggregate principal amount of 4.50% senior notes due 2026 (the "<b>New Notes</b>"), which would be issued at 100% of their principal amount, providing the Company with gross proceeds of US$600 million. On February 22, 2021, Hudbay also announced the redemption of all of its outstanding US$600 million aggregate principal amount of 7.625% senior notes due 2025 (the "<b>2025 Notes</b>"), conditioned upon the successful closing of the offering of the New Notes, contemporaneous with or prior to the redemption date.</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 5.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Full Description of Material Change</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">On February 22, 2021, Hudbay announced that it was offering US$600 million aggregate principal amount of senior notes.</p>
    <p style="margin-left: 72pt; text-align: justify;">Subsequently, on February<b> </b>22, 2021, Hudbay announced that it had priced the offering of US$600 million aggregate principal amount of 4.50% senior notes due 2026, which would be issued at 100% of their principal amount, providing the Company with gross proceeds of US$600 million. The New Notes offering is expected to close on March 8, 2021, subject to customary closing conditions.</p>
    <p style="margin-left: 72pt; text-align: justify;">Hudbay plans to use the net proceeds from the offering to fund the Company's redemption of all of the 2025 Notes.</p>
    <p style="margin-left: 72pt; text-align: justify;">On February 22, 2021, Hudbay also announced the redemption of all of the 2025 Notes on the terms and subject to the conditions set forth in the redemption notice dated February 22, 2021. The redemption is conditioned upon the successful closing of the offering of the New Notes, contemporaneous with or prior to the redemption date.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <div id="header_page_2">
        <p style="text-align: center;">- 2 -</p>
    </div>
    <p style="margin-left: 72pt; text-align: justify;">The New Notes will not be registered under the U.S. Securities Act of 1933, as amended (the "<b>Securities Act</b>"), or the securities laws of any other jurisdiction. The New Notes will not be qualified by a prospectus in Canada. Unless they are registered or qualified by a prospectus, the New Notes may be offered only in transactions that are exempt from registration under the Securities Act, prospectus qualification under Canadian securities laws or the securities laws of any other jurisdiction. In the United States, the New Notes will be offered, and sold, only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) and outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act.</p>
    <p style="margin-left: 72pt; text-align: justify;">This report is neither an offer to sell nor the solicitation of an offer to buy the New Notes, the 2025 Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the New Notes, the 2025 Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. This report does not constitute a notice of redemption with respect to the 2025 Notes.</p>
    <p style="margin-left: 72pt; text-align: justify;">There can be no assurance that the New Notes offering will be completed as contemplated or at all and that the proceeds of the offering will be used for the stated intended purpose. In the event the New Notes offering is not closed as contemplated, the 2025 Notes will not be redeemed.</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 6.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Reliance on subsection 7.1(2) of National Instrument 51-102</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">Not applicable.</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 7.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Omitted Information</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">Not applicable.</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 8.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Executive Officer</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">The following senior officer of Hudbay is knowledgeable about the material changes and this report:<br><br>Patrick Donnelly<br>Vice President, General Counsel and Corporate Secretary<br>416-362-2576</p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>Item 9.</b><font style="width: 42.01pt; display: inline-block;">&#160;</font><b>Date of Report</b></p>
    <p style="margin-top: 0pt; margin-left: 72pt; text-align: justify;">February 22, 2021</p>
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