RNS Number: 8818 T Hochschild Mining PLC 23 July 2020. Hochschild Mining appoints Independent Non-Executive Director. Hochschild Mining PLC is pleased to announce the appointment of Jill Gardiner as an independent Non-Executive Director with effect from 1 August 2020..
Hochschild Mining Plc #HOC announced that its partner, Skeena Resources Limited ("Skeena"), has recently achieved a maiden resource at their 100% owned Snip Gold Project ("Snip") in northwest British Columbia, Canada. As a reminder, in September 2018, Skeena granted Hochschild an option to earn a 60% undivided interest in Snip by spending twice the amount Skeena had spent since it originally optioned Snip from Barrick. Under the Heads of Agreement agreed between Skeena and Hochschild, Hochschild had three years from the closing (by 16 October 2021) to provide notice to Skeena that it wished to exercise its option.
RNS Number: 8271 T Hochschild Mining PLC 23 July 2020. Hochschild Mining PLC is pleased to report that its partner, Skeena Resources Limited, has recently achieved a maiden resource at their 100%- owned Snip Gold Project in northwest British Columbia, Canada.. ·incur no less than C $7.5 million in exploration or development expenditures on Snip in each 12- month...
RNS Number: 0080 T Hochschild Mining PLC 15 July 2020. Production Report for the 6 months ended 30 June 2020. Ignacio Bustamante, Chief Executive Officer said:.
Hochschild Mining Plc (HOC.L) Announced that, despite taking a number of preventative measures, including a comprehensive testing programme as well as quarantine for all employees, there has been a number of workers testing positive for Covid-19 at the Inmaculada operation. In the circumstances, the company has naturally prioritised the health of its employees above business continuity and temporarily halted operations. #HOC
Hochschild Mining (#HOC LN) 175.1p, Mkt Cap £966m – Immaculada mine suspends operations as Covid19 hits S American mines Hochschild Mining reports that following positive Covid19 tests for a number of workers at its wholly owned Immacualda precious metals mine in the Ayacucha Department of southern Peru it is suspending operations and placing the mine on care and maintenance. The underground mine produced around 5.7moz of silver and 190koz of gold from the processing of some 1.mmt of ore during 2019. The company confirms that its Pallancata mine in southern Peru and the San Jose mine in Argentina remain in operation. Covid19 has affected a number of the major mine in S America, with reports of the suspension of the expansion of state-owned Codelco’s El Teniente copper mine in Chile where, press reports on the industry website mining.com indicate that 4,500 workers have been suspended. Reports attributed to the labour unions say that Codelco has at least 2,300 confirmed Covid19 cases amongst its workforce. It is understood that El Teniente remains operational with worketrs adopting a 14 days-on, 14 days-off roster to help contain infection risk. Also in Peru, BHP’s 34% owned Antamina copper zinc mine in while on 24th June, the ‘Melbourne Age’ newspaper reported that there had been 150 cases from the Escondida copper mine in Chile and a further 59 cases at the Spence mine.
RNS Number: 0576 S Hochschild Mining PLC 06 July 2020. Hochschild provides update on COVID-19 cases at Inmaculada. Both Pallancata in Peru and San Jose in Argentina currently remain in operation..
This Report provides an overview of the payments to governments made by Hochschild Mining PLC and its subsidiaries in 2019 as required under the UK's Report on Payments to Governments Regulations 2014. The UK Regulations apply to large UK incorporated companies like Hochschild that are involved in the exploration, prospection, discovery, development and...
RNS Number: 6634 N Hochschild Mining PLC 21 May 2020. Hochschild Mining PLC announces the results detailed below of the poll taken at the Annual General Meeting held this morning at which all proposed resolutions were passed.. A copy of the resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and...
Hochschild Mining Plc (HOC.L) Announced that it has met all the requirements established by the Peruvian government to restart operations at the Inmaculada and Pallancata mines. Moreover, the company plans to begin ramping- up progressively to achieve full production in the coming weeks. #HOC
RNS Number: 1266 N Hochschild Mining PLC 18 May 2020. Hochschild's Peru mines to restart. As previously announced, the San Jose mine in southern Argentina also recently restarted operations and is following a phased ramp-up process.
Hochschild Mining Plc #HOC announced, in its Q1 2020 production report, that Hochschild delivered attributable production of 94,123 gold equivalent ounces or 8.1 million silver equivalent ounces. The period included a solid start to the year from Inmaculada but was impacted towards the end of the period by the management's decision to halt operations at all three mines following the state of emergency declarations in both Peru and Argentina. Average realisable precious metal prices in Q1 2020 (which are reported before the deduction of commercial discounts) were $1,623/ounce for gold and $14.2/ounce for silver (Q1 2019: $1,310/ounce for gold and $15.3/ounce for silver). Total cash was approximately $178 million as at 31 March 2020 resulting in net debt of approximately $36 million. This includes $14 million of debt in Argentina which will mitigate the impact from COVID 19. Due to the temporary suspension of Hochschild's mines in Peru and Argentina and ongoing uncertainty regarding COVID-19, Hochschild has decided to withdraw its 2020 guidance. The company will reissue full-year guidance once the full impact of the suspensions and the restart pathway is clearer.
RNS Number: 4146 K Hochschild Mining PLC 22 April 2020. Although our operations in Peru remain suspended, we continue to work with the government on our potential strategies for remobilisation and ramp-up, whilst in Argentina, we are steadily beginning to restart the San Jose operation.. In addition, our exploration programmes have been curtailed across the...
RNS Number: 0708 K Hochschild Mining PLC 17 April 2020. 2019 Annual Financial Report and. The 2020 AGM will be held at the offices of The Argyll Club, 33 St James's Square, London, SW1Y 4 JS on Thursday 21 May 2020 at 9 am and has been arranged on the assumption that the UK Government's measures to control the spread of Coronavirus continue to apply at the date of the...
Hochschild Mining (#HOC LN) 140p, Mkt Cap £724m – Temporary suspension of the final dividend The Board decided to temporarily suspend the final dividend for the FY19 amid the continuing COVID-19 containment measures curtailing operating capacities. Both the Inmaculada and Pallancata mines in Peru remain in suspension following the authorities’ decision to extend social distancing until 26 April 2020. The restart of the San Jose mine in Argentina is expected to be in phases after the permission to resume operations were secured and amid the current restrictions on the movement of people in the country. The Company had $166m in net debt as of Dec/19 with $33m in cash.
Hochschild Mining Plc #HOC announced that in light of the ongoing uncertainty caused by the COVID-19 outbreak and the resulting temporary suspension of the company's operations, the Board of directors has decided to withdraw its proposal to pay a final dividend in respect of the financial year ended 31 December 2019.
The cash and cash equivalent balance at 31 December 2019 was $166 million with net debt of $33 million.. Both the Inmaculada and Pallancata mines in Peru remain temporarily suspended following the Peruvian government's recent decision to extend social restrictions until 26 April 2020. In Argentina, whilst permission has been granted by the government to...
RNS Number: 1150 I Hochschild Mining PLC 30 March 2020. Hochschild Mining PLC announces a change in the interests of Ignacio Bustamante, CEO and an Executive Director of the Company, in the Company's Ordinary Shares.. Mr Bustamante acquired 182,941 Shares on 30 March 2020 for nil consideration following the partial vesting of the final tranche of an award of...
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Company Profile

Hochschild Mining is a precious metals company specialising in the exploration of sliver and gold. The group largely operates in Latin American, with three underground mines located in southern Peru.

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