Sec Form 13G Filing - LETKO BROSSEAU & ASSOCIATES INC filing for Hudbay Minerals Inc. (HBM) - 2023-02-09

SC 13G


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No Ten)

HUDBAY MINERALS INC.
............................................................
(Name of Issuer)

COMMON SHARES
............................................................
(Title of Class of Securities)

443628102
.............................................................
(CUSIP Number)

December 31, 2022
.............................................................
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting
person's initial filing
on this form with respect to the subject class of securities,
and for any subsequent
amendment containing information which would
alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not
be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act(however, see the Notes).




CUSIP No. 443628102
(1)Names of reporting persons. I.R.S. Identification Nos. of above persons
(entities only)
     LETKO, BROSSEAU & ASSOCIATES INC.
(2) Check the appropriate box if a member of a group (see instructions)
(a)
(b)
(3) SEC use only
(4) Citizenship or place of organization     CANADA
Number of shares beneficially owned by each reporting person with:
(5)Sole voting power   	17,481,662

(6)Shared voting power

(7)Sole dispositive power	17,481,662

(8)Shared dispositive power
(9)Aggregate amount beneficially owned by each reporting person

	17,481,662
(10)Check if the aggregate amount in Row (9) excludes certain shares
(see instructions)
(11)Percent of class represented by amount in Row 9

		6.7%
(12)Type of reporting person (see instructions)

	FI








Item 1.
Item 1(a) Name of issuer: HUDBAY MINERALS INC.

Item 1(b) Address of issuer's principal executive offices:
	25 York Street
	Suite 800
	Toronto, Ontario  M5J 2V5
	Canada
Item 2.
2(a) Name of person filing:
	Letko, Brosseau & Associates Inc.
2(b) Address or principal business office or, if none, residence:
	1800 Mc Gill College Av.
	Suite 2510
	Montreal, QC
	H3A 3J6
	Canada

2(c) Citizenship:

	 Canada

2(d) Title of class of securities:

	Common Shares

2(e) CUSIP No.:
	443628102

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c),
check whether the person filing is a:
a. [ ] Broker or dealer registered under Section 15 of the Act.
b. [ ] Bank as defined in Section 3(a)(6) of the Act.
c. [ ] Insurance company as defined in Section 3(a)(19) of the Act.
d. [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940.
e. [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
f. [ ] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
g. [ ] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
h. [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
i. [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the
Investment Company Act of 1940;
j. [x] A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
k. [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(K).




Item 4. Ownership

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
a. Amount beneficially owned: 17,481,662
b. Percent of class: 6.7%
c. Number of shares as to which such person has:
i. Sole power to vote or to direct the vote:  17,481,662
ii. Shared power to vote or to direct the vote
iii. Sole power to dispose or to direct the disposition of: 17,481,662
iv. Shared power to dispose or to direct the disposition of



Item 5.

Ownership of 5 Percent or Less of a Class. If this statement is being
filed to report the fact
that as of the date hereof the reporting person has ceased to be
the beneficial owner
of more than 5 percent of the class of securities,
check the following [ ].



Item 6. Ownership of More than 5 Percent on Behalf of Another Person

Clients of Letko, Brosseau & Associates Inc. have the right
to receive or the power to
direct the receipt
of dividends from, or the proceeds from sale of, the Common Stock reported as
beneficially owned by Letko, Brosseau & Associates Inc.
No clients of Letko, Brosseau & Associates Inc. beneficially
owns more than five
percent of Issuer's Common Stock.



Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security
Being Reported on by the
Parent Holding Company or Control Person.

Not Applicable



Item 8. Identification and Classification of Members of the Group

Not Applicable



Item 9. Notice of Dissolution of Group

Not Applicable




Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and
are held in the ordinary course
of business and were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control
of the issuer of the securities and were not acquired and are not held
in connection with or as a participant
in any transaction having that purpose or effect.




Signature

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.


Dated : February 9,2023



Signature  Isabelle Godin

Name/Title:	Isabelle Godin
       Vice President Operations and Chief Financial Officer