Hochschild Mining PLC Hochschild's Peru mines to restart (1266N)
May 18 2020 - 2:00AM
UK Regulatory
TIDMHOC
RNS Number : 1266N
Hochschild Mining PLC
18 May 2020
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18 May 2020
Hochschild's Peru mines to restart
Hochschild Mining PLC ("Hochschild" or "the Company") is today
announcing that it has met all the requirements established by the
Peruvian government to restart operations at the Inmaculada and
Pallancata mines. Following the fulfilment of strict government
health protocols, the Company plans to begin ramping-up
progressively to achieve full production in the coming weeks.
As previously announced, the San Jose mine in southern Argentina
also recently restarted operations and is following a phased
ramp-up process. Hochschild expects to reissue its full-year
guidance once full production is achieved and the overall impact of
the suspensions is clear. In line with current government
guidelines, the Company's brownfield exploration programme is
expected to recommence in July.
Ignacio Bustamante, CEO commented,
"I am pleased that we are now in a position to restart our
Peruvian operations and we intend to execute a disciplined
remobilisation of our workforce in line with the prescribed health
protocols and guidelines from the government. In these
unprecedented times, we continue to prioritise the health and
well-being of our employees and of the communities in which we
operate."
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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
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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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