TIDMHOC
RNS Number : 5543G
Hochschild Mining PLC
07 November 2018
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7 November 2018
Capital Markets presentation
Hochschild delivers long life-of-mine at Inmaculada
Hochschild Mining plc, the FTSE 250 precious metal mining
company, is to hold a Capital Markets event presentation for
analysts and investors at 10:30 today London time. A copy of the
presentation will be published on the Hochschild website at
http://www.hochschildmining.com/en/home at 10:00.
Key highlights of the presentation are:
-- Inmaculada brownfield drilling programme has added 95.1
million silver or 1.3 million gold equivalent ounces of inferred
resources year-to-date
-- Inmaculada mine stands in the first quartile of the gold AISC
curve and has a 10-year plus life-of-mine
-- Highly prospective properties provide a platform for long
term production
-- Exploration expertise consistently adding low cost ounces
-- Cost control remains top of operational agenda
-- Our commitment to innovation is delivering results
-- Constant search for valuable optionality has led to dynamic
greenfield strategy and optimisation of ounces in the portfolio
-- Outstanding cash flow generation
-- Dividends a key element of Hochschild's value proposition
Ignacio Bustamante, Chief Executive Officer said:
"Today we are changing the paradigm of how Hochschild Mining
operates. Although we have been mining underground for several
decades, we have always reported a relatively short life-of-mine.
With the 95 million ounces added so far this year to Inmaculada's
resource base, we are extending its life to more than 12 years, a
record for any Hochschild asset. Furthermore, this is in our
largest ever mine in terms of ounces. Inmaculada represents
approximately 74% of our cashflow and stands well inside of the
first quarter of the industry's cost curve. Such a significant
addition has already changed our approach to mining and, is also
just the beginning, as we are continuing to develop this exciting
district as well as our other attractive properties in Peru and
Argentina."
__________________________________________________________________________________
For a live webcast of the presentation please click on the link
below or go to our website at:
www.hochschildmining.com
https://edge.media-server.com/m6/p/49wsao7k
Conference call dial-in details:
+44(0)330 336 9411 (Please use the following confirmation code:
7616926)
A recording of the conference call will be available for one
week following its conclusion, accessible from the following
telephone number:
+44(0)207 660 0134 (Access code: 7616926)
The On Demand version of the webcast will be available within
two hours after the end of the presentation and is accessible using
the same webcast link.
__________________________________________________________________________________
Enquiries:
Hochschild Mining plc
Charles Gordon +44 (0)20 3709 3264
Head of Investor Relations
Hudson Sandler
Charlie Jack +44 (0)207 796 4133
Public Relations
__________________________________________________________________________________
About Hochschild Mining plc
Hochschild Mining plc is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) with a
primary focus on the exploration, mining, processing and sale of
silver and gold. Hochschild has over fifty years' experience in the
mining of precious metal epithermal vein deposits and currently
operates four underground epithermal vein mines, three located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
__________________________________________________________________________________
Forward looking statements
This announcement may contain forward looking statements. 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, for
various reasons, be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements.
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.
This announcement contains information which prior to its
release could be considered inside information.
Note
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (Regulation (EU) No.596/2014). Upon the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
LEI: 549300JK10TVQ3CCJQ89
- ends -
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END
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