Hochschild Mining PLC Update re Peru Declaration of State of Emergency (5882G)
March 18 2020 - 3:40AM
UK Regulatory
TIDMHOC
RNS Number : 5882G
Hochschild Mining PLC
18 March 2020
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18 March 2020
Hochschild Update Following Declaration of State of Emergency in
Peru
Hochschild Mining PLC ("Hochschild" or "the Company") is today
announcing that due to the Peruvian government's recent declaration
of a state of emergency to contain the advancement of COVID-19, the
Company has temporarily halted operations at the Inmaculada and
Pallancata mines. The state of emergency took effect on 16 March
2020 and is currently expected to last for a 15-day period after
which time, subject to the government indicating its approval, the
Company intends to resume production at both mines. The San Jose
mine in southern Argentina remains in operation.
Hochschild will continue with a reduced workforce operating care
and maintenance activities in order to sustain the appropriate
safety and environmental systems, as well as other critical
activities, including ventilation, water pumping, maintenance of
critical equipment, environmental measurements and MEIA activities
among others.
Ignacio Bustamante, CEO commented,
"The health and safety of our employees, communities and
partners is our number one priority and we are closely monitoring
the dynamic situation regarding Coronavirus and have acted in line
with recently-issued Peruvian government response regulations. We
will liaise with all stakeholders if there are further developments
that specifically impact them.
Internally, we have already implemented a number of measures
including actively monitoring the health of all personnel at our
mines and offices, cancelling international travel and introducing
arrangements for employees to work from home. All these actions are
being coordinated with the support of our in-house medical
teams."
________________________________________________________________________________________
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 three underground epithermal vein mines, two located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
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LEI: 549300JK10TVQ3CCJQ89
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