HudBay buys back $31 million 9 5/8% notes

By Jennifer Chiou

New York, April 21 - HudBay Minerals Inc. announced its subsidiary, Hudson Bay Mining and Smelting Co., Ltd., repurchased $31 million of its 9 5/8% senior secured notes due Jan. 5, 2012.

The company said $125 million of the notes remain outstanding following the buyback.

"We have now repurchased a total of $50 million of our notes and plan, from time to time, to continue this process," said Jeff Swinoga, vice president and chief financial officer of HudBay, in a news release.

Based in Toronto, HudBay Minerals is an integrated mining and metal producing company.

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