Q4 Production Results -4-
January 20 2010 - 2:00AM
UK Regulatory
| | 2009 | 2009 | 2008 | 2009 | 2008 |
+--------------------------+------------+------------+----------+----------+---------+
| Ore production (tonnes) | - | - | 24,623 | 109,893 | 269,150 |
+--------------------------+------------+------------+----------+----------+---------+
| Average head grade | - | - | 188 | 217 | 210 |
| silver (g/t) | | | | | |
+--------------------------+------------+------------+----------+----------+---------+
| Average head grade gold | - | - | 1.06 | 1.09 | 1.21 |
| (g/t) | | | | | |
+--------------------------+------------+------------+----------+----------+---------+
| Concentrate produced | - | - | 293 | 1,057 | 3,201 |
| (tonnes) | | | | | |
+--------------------------+------------+------------+----------+----------+---------+
| Silver grade in | - | - | 15.17 | 18.55 | 15.04 |
| concentrate (kg/t) | | | | | |
+--------------------------+------------+------------+----------+----------+---------+
| Gold grade in | - | - | 0.08 | 0.09 | 0.08 |
| concentrate (kg/t) | | | | | |
+--------------------------+------------+------------+----------+----------+---------+
| Silver produced (koz) | - | - | 140 | 628 | 1,579 |
+--------------------------+------------+------------+----------+----------+---------+
| Gold produced (koz) | - | - | 0.71 | 3.02 | 8.50 |
+--------------------------+------------+------------+----------+----------+---------+
| Silver sold (koz) | 26 | 60 | 334 | 636 | 1,929 |
+--------------------------+------------+------------+----------+----------+---------+
| Gold sold (koz) | 0.13 | 0.28 | 1.59 | 2.96 | 9.93 |
+--------------------------+------------+------------+----------+----------+---------+
1Selene was closed on 28 May 2009
SAN JOSÉ1
+--------------------------+------------+------------+----------+----------+----------+
| Product | Q4 | Q3 | Q4 | 12 mths | 12 mths |
| | 2009 | 2009 | 2008 | 2009 | 2008 |
+--------------------------+------------+------------+----------+----------+----------+
| Ore production (tonnes)2 | 100,460 | 122,342 | 107,875 | 460,971 | 295,963 |
+--------------------------+------------+------------+----------+----------+----------+
| Average head grade | 351 | 406.63 | 463 | 398 | 559 |
| silver (g/t) | | | | | |
+--------------------------+------------+------------+----------+----------+----------+
| Average head grade gold | 7.34 | 6.65 | 5.91 | 6.19 | 6.69 |
| (g/t) | | | | | |
+--------------------------+------------+------------+----------+----------+----------+
| Silver produced (koz) 3 | 1,032 | 1,402 | 1,329 | 4,998 | 4,381 |
+--------------------------+------------+------------+----------+----------+----------+
| Gold produced (koz) 4 | 19.96 | 22.47 | 17.37 | 77.08 | 54.26 |
+--------------------------+------------+------------+----------+----------+----------+
| Silver sold (koz) | 989 | 1,536 | 1,135 | 5,072 | 4,588 |
+--------------------------+------------+------------+----------+----------+----------+
| Gold sold (koz) | 19.23 | 24.68 | 13.91 | 77.22 | 57.70 |
+--------------------------+------------+------------+----------+----------+----------+
1The Company has a 51% interest in San José.
2 Q4 ore production includes an adjustment of 2,677 tonnes at San José from the
first 9 months of 2009
3 Q4 silver produced includes an adjustment of 0.37 koz at San José from the
first 9 months of 2009
4 Q4 gold produced includes an adjustment of 0.0037 koz at San José from the
first 9 months of 2009
MORIS
+------------+---------+---------+---------+-----------+---------+
| Product | Q4 | Q3 | Q4 | 12 mths | 12 |
| | 2009 | 2009 | 2008 | 2009 | mths |
| | | | | | 2008 |
+------------+---------+---------+---------+-----------+---------+
| Ore | 333,240 | 316,725 | 296,077 | 1,282,461 | 876,148 |
| production | | | | | |
| (tonnes) | | | | | |
+------------+---------+---------+---------+-----------+---------+
| Average | 5.01 | 5.04 | 6.05 | 5.02 | 5.71 |
| head | | | | | |
| grade | | | | | |
| silver | | | | | |
| (g/t) | | | | | |
+------------+---------+---------+---------+-----------+---------+
| Average | 1.34 | 1.44 | 1.52 | 1.38 | 1.57 |
| head | | | | | |
| grade | | | | | |
| gold | | | | | |
| (g/t) | | | | | |
+------------+---------+---------+---------+-----------+---------+
| Silver | 25 | 22 | 19 | 97 | 65 |
| produced | | | | | |
| (koz) | | | | | |
+------------+---------+---------+---------+-----------+---------+
| Gold | 6.52 | 6.09 | 6.53 | 28.34 | 26.85 |
| produced | | | | | |
| (koz) | | | | | |
+------------+---------+---------+---------+-----------+---------+
| Silver | 21 | 16 | 23 | 87 | 68 |
| sold | | | | | |
| (koz) | | | | | |
+------------+---------+---------+---------+-----------+---------+
| Gold | 5.09 | 5.51 | 8.26 | 26.29 | 28.01 |
| sold | | | | | |
| (koz) | | | | | |
+------------+---------+---------+---------+-----------+---------+
Forward looking statements
This announcement contains certain forward looking statements, including such
statements within the meaning of Section 27A of the US Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
In particular, such forward looking statements may relate to matters such as the
business, strategy, investments, production, major projects and their
contribution to expected production and other plans of Hochschild Mining plc and
its current goals, assumptions and expectations relating to its future financial
condition, performance and results.
Forward-looking statements include, without limitation, statements typically
containing words such as "intends", "expects", "anticipates", "targets",
"plans", "estimates" and words of similar import. By their nature, forward
looking statements involve risks and uncertainties because they relate to events
and depend on circumstances that will or may occur in the future. Actual
results, performance or achievements of Hochschild Mining plc may be materially
different from any future results, performance or achievements expressed or
implied by such forward looking statements. Factors that could cause or
contribute to differences between the actual results, performance or
achievements of Hochschild Mining plc and current expectations include, but are
not limited to, legislative, fiscal and regulatory developments, competitive
conditions, technological developments, exchange rate fluctuations and general
economic conditions. These factors, risks and uncertainties are referred to in
the Risk Management section of the 2008 Annual Report. Past performance is no
guide to future performance and persons needing advice should consult an
independent financial adviser.
The forward looking statements reflect knowledge and information available at
the date of preparation of this announcement. Except as required by the Listing
Rules and applicable law, the Board of Hochschild Mining plc does not undertake
any obligation to update or change any forward looking statements to reflect
events occurring after the date of this announcement. Nothing in this
announcement should be construed as a profit forecast.
- ends -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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