Hudbay Files Early Warning Report for Panoro Minerals Ltd.

Hudbay Minerals announced it has filed an early warning report regarding its stake in Panoro Minerals. Due to an increase in Panoro's issued and outstanding common shares, Hudbay's ownership decreased from approximately 10.01% to 9.97%, causing it to cease being a reporting insider. Hudbay retains pre-emptive anti-dilution rights for equity issuances as long as it maintains at least 5% ownership.